Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — H1 FY2010/11 Earnings Presentation
16 slides from Sia Engineering's earnings presentation, Nov 3, 2010
Slide 1: SIA Engineering Company H1 FY2010/11 Performance Review
SIA ENGINEERING COMPANY H1 FY2010/11 Performance Review SIAEC A380 Hangar First in the World Global Wingspan
Slide 2: Summary of Group Results
Summary of Group Results 1H FY1011 1H FY0910 Variance $M $M % Revenue 565.4 492.3 + 14.8 Expenditure 494.8 444.9 + 11.2 Operating profit 70.6 47.4 + 48.9 Share of JV & Assoc Cos Profits 77.0 67.6 + 13.9 Profit before tax 158.5 123.3 + 28.5 Net profit 137.3 106.2 + 29.3 Net profit margin (%) 24.3 21.
Slide 3: Summary of 2Q FY1011 Group Results
Summary of 2Q FY1011 Group Results 2Q FY1011 2Q FY0910 Variance $M $M % Revenue 277.1 248.1 + 11.7 Expenditure 242.7 213.0 + 13.9 Operating profit 34.4 35.1 - 2.0 Share of JV & Assoc Cos Profits 37.8 32.0 + 18.1 Profit before tax 76.0 71.3 + 6.6 Net profit 66.5 61.1 + 8.8 Net profit margin (%) 24.0
Slide 4: Breakdown of Group Revenue
Breakdown of Group Revenue 1Q 2Q 1H FY1011 1H FY0910 Variance $M $M $M $M % Airframe & Component 147.4 139.8 287.2 241.8 + 18.8 Overhaul Fleet Management 40.6 41.4 82.0 53.8 + 52.4 Repair & Overhaul 188.0 181.2 369.2 295.6 + 24.9 Line Maintenance 100.3 95.9 196.2 196.7 - 0.2 288.3 277.1 565.4 492.3
Slide 5: Group Expenditure
Group Expenditure 1H FY1011 1H FY0910 Variance $M $M % Staff costs 222.6 202.5 + 9.9 Materials 122.9 108.3 + 13.5 Overheads 149.3 134.1 + 11.3 Expenditure 494.8 444.9 + 11.2
Slide 6: Profit Contribution
Profit Contribution 1H FY1011 1H FY0910 Variance $M $M % Operating Segments Repair & Overhaul 26.8 2.1 N.M. Line Maintenance 43.8 45.3 - 3.3 70.6 47.4 + 48.9 JVs and Associated Cos Engine & Component Overhaul 55.7 41.4 + 34.5 Others 21.3 26.2 - 18.7 77.0 67.6 + 13.9
Slide 7: SIA vs Non-SIA Revenue
SIA vs Non-SIA Revenue 1H FY1011 SIA Non-SIA Total $M $M $M SIA Engineering (SIAEC) 343.8 189.7 533.5 % of non-SIA work 36% Subsidiary Companies 21.8 26.2 48.0 % of non-SIA work 55% JV & Associated Companies - Engine Overhaul Centres 194.2 1,019.7 1,213.9 - Others 49.5 242.8 292.3 243.7 1,262.5 1,50
Slide 8: Financial Statistics
Financial Statistics As at As at Variance Sept 10 Mar 10 % Shareholders' equity ($M) 1,253.4 1,264.8 - 0.9 Net asset value per share 115.2 117.0 - 1.5 (cents) Cash position (Grp) ($M) 406.7 425.8 - 4.5 1H FY1011 1H FY0910 Variance EPS (cents) 12.7 9.8 + 29.6 % Return on average 21.9 20.4 + 1.5 pts s
Slide 9: Interim Dividend
Interim Dividend Interim Dividend (Tax Exempt One-Tier) (in cents per share) Ordinary 6.0
Slide 10: Operational Review
H1 FY2010/11 Performance Review OPERAT IONAL REVIEW SIAEC A380 Hangar First in the World Global Wingspan
Slide 11: Line Maintenance
Line Maintenance H1 FY10/ 11 H1 FY09/ 10 Flights Handled at Changi 54,546 50,760 7.5% 4 New Contracts 7 Renewed Contracts Growing Customer Base
Slide 12: Airframe & Component Services
Airframe & Component Services H1 FY10/ 11 H1 FY09/ 10 A checks 224 205 C checks 62 48 D checks 10 8 5 New Contracts 8 Renewed Contracts Growing Customer Base
Slide 13: Expanding Global Footprint
Expanding Global Footprint • 21 line stations in 6 countries with an annual revenue of S$52M; • Handle more than 550 flights for more than 60 airlines roundthe clock daily September 2010 Clark, Philippines • Commencement of Line Maintenance Operations October 2010 Ho Chi Minh, Vietnam • Commenceme
Slide 14: Expanding Strategic Relationships
Expanding Strategic Relationships Apr 2010 Renewed Services Agreement with SIA 3+2 year contract, valued at $2.2 billion, covers fleet management & a broad spectrum of MRO services. May 2010 Signed contract with Royal Brunei Airlines $42 million FMP contract covers maintenance & fleet management ser
Slide 15: Outlook
Outlook • Given the strong performance in the first half, the Group’s performance in the second half is expected to moderate. • The Group will continue to strengthen competitiveness through new service offerings & strategic collaborations to take advantage of long- term growth in the aviation indust
Slide 16: Thank You
SIA ENGINEERING COMPANY H1 FY2010/11 Performance Review Thank You Global Wingspan
SIA Engineering Company — H1 FY2010/11 Earnings Presentation on 6ix