Sbs Transit Ltd · SGX:S61
Sbs Transit — Shareholder Meeting (April 2018)
14 slides from Sbs Transit's shareholder meeting presentation, Apr 25, 2018
Slide 1: Summary of Financial Results FY 2017 - 25th Annual General Meeting
Summary of Financial Results FY 2017 25th Annual General Meeting 25 April 2018
Slide 2: Key Milestones For The Year 2017
Key Milestones For The Year 2017 Full Year Contribution from Bus Contracting Model Award of Seletar Bus Package 19 Apr 2017 Commencement of Downtown Line Stage 3 21 Oct 2017 2
Slide 3: Financial Highlights
SBS Transit Group Financial Highlights FY 2017 FY 2016 YoY Increase Revenue ($’m) 1,191.7 1,098.7 93.0 8.5% Operating Costs ($’m) 1,132.4 1,057.0 75.4 7.1% Operating Profit ($’m) 59.3 41.8 17.5 42.1% Profit Before Tax ($’m) 55.1 36.7 18.4 50.0% Net Profit ($’m) 47.1 31.4 15.7 50.3% EPS (Cents) 15.17
Slide 4: Revenue
Revenue Increase by $93.0m or 8.5% FY 2017 FY 2016 $1,191.7m $1,098.7m Other Commercial Services Other Commercial Services $56.0m or 4.7% $63.9m or 5.8% Public Transport Public Transport Services Services $1,135.7m or 95.3% $1,034.8m or 94.2% 4
Slide 5: Revenue: Public Transport Services
Revenue Public Transport Services Increase by $100.9m or 9.8% ($’m) $1,135.7m 1250 $1,034.8m Increase due mainly to: Full year contribution from 1000 Bus Contracting Model 750 Commencement of DTL 3 500 from 21 Oct 2017 resulting in higher ridership 250 0 FY 2017 FY 2016 5
Slide 6: Revenue: Other Commercial Services
Revenue Other Commercial Services Decrease by $7.9m or 12.4% ($’m) 80 $63.9m $56.0m 60 Decrease due mainly to: Advertising and Rental from 40 loss of Bulim & Loyang Bus Packages 20 0 FY 2017 FY 2016 6
Slide 7: Operating Costs
Operating Costs Increase by $75.4m or 7.1% ($’m) $1,132.4m $1,057.0m 1200 Increase due mainly to: 800 Staff costs of $47.4m due mainly to build-up of staff for DTL 3 400 Repairs & Maintenance of $20.2m 0 FY 2017 FY 2016 7
Slide 8: Operating Profit
Operating Profit Increase by $17.5m or 42.1% ($’m) $59.3m 60 Increase due to: $41.8m Public Transport 40 $23.2m Services Other Commercial $5.7m 20 Services 0 FY 2017 FY 2016 8
Slide 9: Key Financial Ratios
Key Financial Ratios FY 2017 FY 2016 YoY Increase Operating Profit Margin (%) 5.0 3.8 1.2 EBITDA Margin (%) 13.1 11.2 1.9 Return on Total Assets (%) 4.4 2.9 1.5 Return on Equity (%) 10.9 8.3 2.6 9
Slide 10: Gearing Ratio and Capital Expenditure (Capex)
(%) Gearing Ratio 200 155.6 102.9 99.7 100 51.7 40.3 0 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 ($'m) Capital Expenditure (Capex) 214.4 200 166.1 155.8 100 35.0 23.5 0 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 10
Slide 11: Dividend Per Share (DPS)
Dividend Per Share (DPS) FY17 DPS increase by 2.55 Cents or 50.5% 7.60 Dividend Per Share In Cents Interim Final 5.05 3.95 2.70 2.70 2.30 1.80 1.05 1.05 3.65 0.90 2.35 1.25 1.65 0.90 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 11
Slide 12: Total Shareholder Return Last 5 Years
Total Shareholder Return Last 5 Years Total Return Annual Compounded % % 80.90 12.6 Per Share Increase in Share Price ( $1.495(1) to $2.510(2) ) $1.0150 Dividends Paid ( 2013 – 2017 ) (3) $0.1945 Total Shareholder Return $1.2095 (1) Closing Share Price for year ended 2012 (2) Closing Share Price for
Slide 13: Our Focus For The Year 2018
Our Focus For The Year 2018 Commencement of Seletar Bus Package 11 Mar 2018 New Rail Financing Framework for NEL/SPLRT 1 Apr 2018 Commencement of Bukit Merah Bus Package 4Q2018 13
Slide 14: Thank You
Thank You SBS transit 14 COMFORIDELGRO-