Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — H1 FY2025/26 Earnings Presentation
27 slides from Sia Engineering's earnings presentation, Nov 5, 2025
Slide 1: 1H FY2025/26 Review
Bolstering Resilience, Investing in Growth 1H FY2025/26 REVIEW 5 November 2025
Slide 2: Operational Review
Bolstering Resilience, Investing in Growth OPERATIONAL REVIEW
Slide 3: Core Business
CORE BUSINESS Line Maintenance Base Maintenance Component Services Engine Services • 35 airports in 9 • 6 hangars in Singapore • 166 aircraft from 7 • CFM LEAP Quick Turn (QT) countries • 3 hangars in the customers under • Engine test cell facility Philippines Inventory Technical Management • 2 upco
Slide 4: Line Maintenance
LINE MAINTENANCE Healthy Flight Activity • Number of flights handled in 1H FY25/26 increased 2.6% compared to a year ago • TIA Engineering Services Company Limited (TES) commenced Line Maintenance operations at the new Techo International Airport in Cambodia in September 2025 • SIA Engineering Phili
Slide 5: Base Maintenance
BASE MAINTENANCE Steady MRO demand Singapore Base Subang Base (Malaysia) (Number) 1H FY25/26 1H FY24/25 • More heavy checks • First of two hangars on track to be Light Checks* 284 347 operational by end-2025, scaling up Heavy Checks 45 33 MRO capacity. * Including ‘A’ checks performed by Line Mainte
Slide 6: Component Services
COMPONENT SERVICES Continued growth in component MRO capabilities and volume • Component MRO operations achieved sustained improvement in labour revenue, driven by continued labour efficiencies • Significant milestones in major component repair capability growth - Asia Pacific Aircraft Component Ser
Slide 7: Engine Services
ENGINE SERVICES Steady performance and expanding capabilities • Aircraft Engine Services delivered its 100th CFM LEAP-1A Quick Turn engine since the start of operations in April 2022 • Expanded capabilities to include CFM LEAP-1B Quick Turn • Number of engines tested at Engine Test Facility increase
Slide 8: Key Customer Contracts
KEY CUSTOMER CONTRACTS Growth in third-party customers 8
Slide 9: Strategic Partnership Portfolio
STRATEGIC PARTNERSHIP PORTFOLIO 25 subsidiaries and joint ventures across 9 countries with total revenue of S$5.6B in 1H FY25/26 • Continued strong performance at Engine JVs and increase in work volumes and new Engine and Component capabilities at Component JVs • SAESL: Ongoing capacity expansion de
Slide 10: Continuous Improvement
CONTINUOUS IMPROVEMENT Strengthening our core business, Bolstering resilience Enterprise Digitalisation CI Culture Operating and Programme System (EOS) Innovation • Reinforces and complements • EOS is being implemented in • Introduced GenAI validation tools to EOS and digital initiatives 70% of busi
Slide 11: Sustainability
SUSTAINABILITY Increasing use of renewable energy Electrification Improving energy efficiency • Installed additional solar panels on • Completed electrification for fleet of • Replaced chiller equipment for sheltered walkway and carport small tow tugs three hangars to energy-efficient central chille
Slide 12: Financial Review
Bolstering Resilience, Investing in Growth FINANCIAL REVIEW
Slide 13: Key Highlights
KEY HIGHLIGHTS • Group net profit increased by 21.1% year-on-year to $83.3 million. • Robust demand for maintenance, repair and overhaul (“MRO”) services in the first half of the financial year ended 30 September. • Even though operating profit increased from $3.4 million to $13.0 million, the perfo
Slide 14: Summary of 1H FY25/26 Group Results
SUMMARY OF 1H FY25/26 GROUP RESULTS 21% increase in Group profit after tax driven by robust MRO demand 1H FY25/26 1H FY24/25 Variance $’M $’M $’M % Group revenue 729.0 576.2 152.8 26.5 Group expenditure 716.0 572.8 143.2 25.0 Group operating profit 13.0 3.4 09.6 0282.4 Share of profits of
Slide 15: Analysis of 1H FY25/26 Group Profit
ANALYSIS OF 1H FY25/26 GROUP PROFIT $’M +12.7 -7.8 30.0 83.3 20.0 +9.6 14.5M 68.8 Operating Non-operating 1H Share of 1H Performance profits items and FY24/25 taxation* FY25/26 * Lower interest income, higher taxation. 15
Slide 16: Breakdown by Quarters
BREAKDOWN BY QUARTERS Healthy growth trend Group operating Share of profits of associated Group profit profit and joint venture companies after tax ($’M) ($’M) ($’M) 83.3 71.3 68.8 58.6 13.0 3.4 1H24/25 1H25/26 1H24/25 1H25/26 1H24/25 1H25/26 Change +9.6 +12.7 +14.5 y-o-y 282.4% y-o-y 21.7% y-o-
Slide 17: Analysis of 1H FY25/26 Group Revenue
ANALYSIS OF 1H FY25/26 GROUP REVENUE Revenue increase reflects healthy MRO demand 1H FY25/26 Airframe overhaul Engine and and line maintenance component $68.3M, 15.7% $84.5M, 60.1% $’M 503.9 225.1 435.6 (31%) Airframe overhaul and line $729.0M maintenance +$152.8M, 26.5% Engine and component 225
Slide 18: Analysis of 1H FY25/26 Group Expenditure
ANALYSIS OF 1H FY25/26 GROUP EXPENDITURE Rate of increase in expenditure (including startup costs at new subsidiaries) was lower than the rise in revenue 1H FY25/26 Staff costs Material costs $37.3M, 12.9% $73.1M, 62.2% $’M 327.2 289.9 87.1 (12%) 190.6 111.1 117.5 (15%) Staff costs 190.6 (27%) M
Slide 19: Profit by Segments
PROFIT BY SEGMENTS Losses in Subsidiaries due to start up costs Airframe & Engine & Component Line Maintenance 1H FY25/26 1H FY24/25 Variance 1H FY25/26 1H FY24/25 Variance $M $M $M $M $M $M Group operating profit 19.7 10.5 9.2 (6.7) (7.1) 0.4 - Company 27.8 9.5 (12.6)* (11.5) - Subsidiaries (8.
Slide 20: Balance Sheet
BALANCE SHEET Decrease in shareholders’ funds mainly due to decrease in foreign currency translation reserve during the period 30 Sep 25 31 Mar 25 Variance $’M $’M $’M % Equity attributable to owners of the parent 1,694.6 1,720.4 - 25.8 - 1.5 Cash and bank balances 575.2 663.4 - 88.2 - 13.3 Net asse
Slide 21: Earnings Per Share and Interim Dividend
EARNINGS PER SHARE AND INTERIM DIVIDEND Earnings per share improved 21.5% 1H FY25/26 1H FY24/25 (cents) (cents) Basic earnings per share 7.45 6.13 Interim Dividend (per share) 2.5 2.0 • Interim dividend will be paid on 28 November 2025 21
Slide 22: Outlook
Bolstering Resilience, Investing in Growth OUTLOOK
Slide 23: 1H FY25/26 at a Glance
1H FY25/26 AT A GLANCE Commercial Operations • New Services Agreements with Singapore Airlines • Sustained MRO demand underpinned by travel and Scoot worth ~$1.3B took effect from 1 April demand and passenger traffic growth 2025 for a term of two years, with an option to • TIA Engineering Services C
Slide 24: Industry Challenges
INDUSTRY CHALLENGES Heightened geopolitical Global supply chain and trade tensions issues 24
Slide 25: Our Strategy
OUR STRATEGY Expanding our presence in Expanding capacity and MRO Enhancing our core services Asia-Pacific capabilities for next-generation to build operational resilience, aircraft agility and competitiveness Selected as Strategic Partner to set Capacity Expansion Processes up Air India’s Base Main
Slide 26: Our Priorities Ahead
OUR PRIORITIES AHEAD Upholding safety and quality as our foremost priority Focus on strategic investments that drive Continue the rollout of digital tools and long-term growth, while continuously deepen the use of AI in our work processes enhancing our core services 26
Slide 27: Thank you
Thank you SIA ENGINEERING COMPANY 1 ee Ss » SIA ENGINEERING cOmPAnY
SIA Engineering Company — H1 FY2025/26 Earnings Presentation on 6ix