31 slides from Singapore Technologies Engineering's earnings presentation, Aug 13, 2026
Slide 1: First Half 2026 Results
First Half 2026 Results 13 August 2026
Slide 2: Disclaimer
Disclaimer The forward-looking statements in this presentation reflect the Company's current intentions, plans, expectations, assumptions and beliefs about future events as at the date of this presentation. Actual future performance, outcomes and results may differ materially from those expressed in
Slide 3: Agenda
➢ 1H2026 Financial Highlights • Group Highlights • Business Discussions Agenda - Commercial Aerospace (CA) - Defence & Public Security (DPS) - Urban Solutions (URS) & Satcom (USS) • Contract Wins and Order Book • Dividends • Outlook ➢ Segment Highlights ➢ Question & Answer Session Notes: • All amoun
Slide 4: Group Highlights
ST Engineering Group Highlights
Slide 5: 1H2026 Earnings Growth Outpacing Revenue Growth
Group Highlights 1H2026 Earnings Growth Outpacing Revenue Growth ($’m) Revenue EBIT PBT Net Profit 6,573 738 651 512 +11% y-o-y* +23% y-o-y* +30% y-o-y +27% y-o-y * Excluding the Revenue of LeeBoy, EBIT of LeeBoy and share of CityCab’s profits for 1H2025, the rebased Revenue and EBIT grew 14% y-o-y
Slide 6: Group 1H2026 Revenue Breakdown
Group Highlights Group 1H2026 Revenue Breakdown 1H2026 Revenue by segment 1H2026 Revenue by type 1H2026 Revenue $6.6b $6.6b by location of customers Commercial Defence $’b 4.6 Asia U.S. 4.1 55% 14% CA, $2.7b DPS, $2.8b 41% 43% Europe Others 2.0 1.8 23% 8% USS, $1.1b 16% 1H2025 1H2026 1H2025 1H2026 N
Slide 7: 1H2026 Revenue
Group Highlights 1H2026 Revenue ❑ Growth in all segments +11% $’m 175 6,573 340 135 -165 Rebased 5,916 347 +14% 165 5,751 1H2025 CA DPS USS 1H2026 LeeBoy (divested in Sep 2025) 7 |
Slide 8: 1H2026 EBIT
Group Highlights 1H2026 EBIT ❑ Strong EBIT growth +23% $’m 136 738 156 Rebased +27% 602 20 -20 582 1H2025 Business growth & savings 1H2026 LeeBoy and share of CityCab’s profits 8 |
Slide 9: 1H2026 Net Profit
Group Highlights 1H2026 Net Profit ❑ Strong net profit growth +27% $’m 512 14 95 403 1H2025 Business growth & savings Finance costs, net 1H2026 9 | Note: All figures are stated net of tax
Slide 10: Business Discussions
ST Engineering Business Discussions
Slide 11: CA EBIT growth outpaced revenue growth
Business Discussions CA EBIT growth outpaced revenue growth • Revenue: Largely contributed by stronger Engine MRO, Nacelles and spares sales • EBIT: Growth due to higher revenue, more favourable product mix and productivity savings Revenue ($’m) EBIT ($’m) +15% +29% 288 2,694 2,347 223 1H2025 1H2026
Slide 12: Strong DPS Revenue and EBIT growth
Business Discussions Strong DPS Revenue and EBIT growth • Revenue: Growth contributed by all sub-segments* • Digital Business (Cloud, AI Analytics & Cyber) grew 27% y-o-y to $468m • EBIT: Growth contributed by all sub-segments* • International Defence Contract Wins: $1.2b in 1H2026, well on track fo
Slide 13: Strong USS Revenue and EBIT Growth
Business Discussions Strong USS Revenue and EBIT Growth • Revenue: Growth contributed by both URS and Satcom • EBIT: Growth contributed by both URS and Satcom • URS continued to deliver well on major rail and tolling projects • Satcom cost reduction initiatives completed with ~$63m annualised cost s
Slide 14: Satcom Business Update: Turnaround on Track
Business Discussions Satcom Business Update: Turnaround on Track Revenue ($’m) Revenue recovery and cost savings • 1H2026 revenue up 18% y-o-y • Cost savings initiatives (amounting to ~$63m on an annualised basis) were completed in 1H2026 +18% 138 Key wins and developments 117 • Success in Defence a
Slide 15: Contract Wins & Order Book
ST Engineering Contract Wins & Order Book
Slide 16: Strengthening Order Book
Contract Wins and Order Book Strengthening Order Book Contract Wins Order Book ~$7.6b $35.7b for 1H2026 As at 30 Jun 2026 1Q2026: $4.8b; 2Q2026: $2.9b The order book includes the recognition of Defence & Public Security $3.6b the US$1.3b (~S$1.7b) NJTA E-ZPass Services contract during the quarter. C
Slide 17: New Contracts for 2Q2026
Contract Wins and Order Book New Contracts for 2Q2026 2Q2026 Highlights • Airframe MRO and cabin interiors upgrade work for North American and Asia-Pacific airlines Commercial $1.2b • CFM56 and LEAP engine MRO for Asia-Pacific and European customers Aerospace • 787 component MRO for a European custo
Slide 18: Dividends & Outlook
ST Engineering Dividends & Outlook
Slide 19: Interim dividend of 5.0 cents per share declared for 2Q2026
Dividends Interim dividend of 5.0 cents per share declared for 2Q2026 Distributed Declared Planned 4.0 cents 5.0 cents 5.0 cents 1Q2026 interim dividend 2Q2026 interim dividend 3Q2026 interim dividend Payment: 4 Sep 2026 Determination of FY2026 Dividend FY2026 total dividend would be based on: 1) 18
Slide 20: Group President & CEO's Message
Outlook Group President & CEO’s Message “ The Group achieved strong revenue and earnings growth for the first half. Our earnings growth rate well outpaced the revenue growth rate. The robust performance was underpinned by the strength of our businesses and disciplined execution. We are encouraged by
Slide 21: Summary
Summary 1H2026: Strong revenue and earnings growth y-o-y 1 Earnings growth rate outpaced revenue growth rate 2 Strengthening order book Confident of finishing the year strongly 3 Well on track to achieve 2029 targets 4 Interim dividend of 5.0 cents per share declared for 2Q2026 21 |
Slide 22: Segment Highlights
ST Engineering Segment Highlights
Slide 23: Segment Revenue
Segment Highlights Segment Revenue $’m 1H2026 1H2025 Change Commercial Aerospace 2,694 2,347 ▲15% Defence & Public Security 2,823 2,648 ▲7% Rebased * 2,823 2,483 ▲14% Urban Solutions & Satcom 1,056 921 ▲15% Group 6,573 5,916 ▲11% Rebased * 6,573 5,751 ▲14% 23 | * Rebased to exclude revenue of LeeBoy
Slide 24: Segment EBIT
Segment Highlights Segment EBIT $’m 1H2026 1H2025 Change Commercial Aerospace 288 223 ▲29% Defence & Public Security 404 367 ▲10% Rebased * 404 347 ▲16% Urban Solutions & Satcom 46 12 ▲300% Group 738 602 ▲23% Rebased * 738 582 ▲27% 24 | * Rebased to exclude EBIT of LeeBoy and share of CityCab’s prof
Slide 25: Commercial Aerospace Sub-Segment Highlights
Segment Highlights Commercial Aerospace Sub-Segment Highlights Aerospace MRO Aerostructures & Systems Aviation Asset Management Revenue, $’m Revenue, $’m AUM R1, US$’m +13% +17% -1% 1,588 1,148 2,348 2,317 1,402 977 1H2025 1H2026 1H2025 1H2026 1H2025 1H2026 Notes: 25 | - Revenue includes inter-segme
Slide 26: Defence & Public Security Sub-Segment Highlights
Segment Highlights Defence & Public Security Sub-Segment Highlights Defence Aerospace Digital Systems & Cyber Land Systems Marine Revenue, $’m Revenue, $’m Revenue, $’m Revenue, $’m +23% 1,368 887 +5% +1% 731 +23% 1,113 165 276 289 512 417 722 1H2025 1H2026 1H2025 1H2026 1H2025 1H2026 1H2025 1H2026
Slide 27: Urban Solutions & Satcom Sub-Segment Highlights
Segment Highlights Urban Solutions & Satcom Sub-Segment Highlights Urban Solutions Satcom Revenue, $’m Revenue, $’m +14%* +18%* 945 138 829 117 1H2025 1H2026 1H2025 1H2026 * Revenue growth would have been 16% y-o-y if not for FX (USD) * Revenue growth would have been 22% y-o-y if not for FX (USD) tr
Slide 28: Income Statement
Appendix Income Statement $’m 1H2026 1H2025 Revenue 6,573 5,916 Earnings Before Interest, Tax, Depreciation and 987 871 Amortisation (EBITDA) Earnings Before Interest and Tax 738 602 Finance Costs, Net (87) (102) Profit Before Taxation 651 500 Profit attributable to Shareholders (Net Profit) 512 403
Slide 29: Balance Sheet
Appendix Balance Sheet $’m 30 Jun 2026 31 Dec 2025 Property, plant and equipment 2,374 2,222 Right-of-use assets 909 705 Intangible assets 3,857 3,892 Other non-current assets 1,138 1,121 Current assets 8,314 8,094 Total assets 16,592 16,032 Current liabilities 8,715 7,487 Non-current liabilities 5,
Slide 30: Statement of Cash Flows
Appendix Statement of Cash Flows $’m 1H2026 1H2025 Net cash from/ (used in) Operating activities 960 761 Investing activities (305) (245) Financing activities (954) (545) Net change in CCE, including cash classified within (299) (30) assets held for sale Less: Cash classified within assets held for
Slide 31: Connect with us
Connect with us Icon Description automatically generated Icon Description automatically generated Icon Description automatically generated Icon Description automatically generated www.stengg.com 31 |