Sats Ltd · SGX:S58
Sats — Q1 FY2026 Earnings Presentation
18 slides from Sats's earnings presentation, Aug 20, 2025
Slide 1: Q1 FY26 Results
<Public> Q1 FY26 Results 20 August 2025 <Public>
Slide 2: Forward Looking Statement – Important Note
<Public> Forward Looking Statement – Important Note This document may contain forward-looking statements. These statements are based on management’s current expectations, beliefs, and assumptions about future events, prevailing economic and market conditions and are subject to uncertainties and risk
Slide 3: Executive Summary
<Public> Executive Summary 1Q FY25 Net Profit grew or 9.1% YoY to 1 Revenue increased 9.9% to S$1.5B S$70.9M Operational Stats * EBITDA improved by 9.9% to 2.4M 158.8K 16.4M 2 S$273.8M with margin Cargo Tonnage Flights handled Aviation Meals sustained at 18.2% YoY % ▲ 10.4% ▲ 2.6% ▲ 5.6% * Only incl
Slide 4: Commercial & Operational updates
<Public> Commercial & Operational updates Air Cargo Europe & Champions of the MOU on Collaboration in Continued New Wins with Global Air Cargo BUP Handling Centre International Asian Aviation AI Capability and Key Customers Handling Agent of the Opening in SG Gourmet Food Challenge Technology Year W
Slide 5: Key Business Drivers
<Public> Key Business Drivers Subsidaries 100% AJVs YoY growth across all key lines of business; Q1 tonnage at a record high Cargo Tonnage Flights Meals Served Meals Served Number of in Tonnes (YTD) Handled (YTD) (Aviation) (YTD) (Non-Aviation) (YTD) Employees (average) 158.8K 16.4M 9.7M 54.9K ▲ YoY
Slide 6: Cargo Tonnage Flights handled
<Public> Cargo Tonnage Flights handled SATS continues to outpace industry trend over 7 consecutive quarters YoY growth by quarters vs IATA YoY growth by quarters vs IATA SATS (tonnes) IATA (CTK) WFS Americas (Flights handled) IATA - Americas (RPK) # 19.0% Outpace IATA past 7 consecutive 11.3% 16.1%
Slide 7: Financial Summary
<Public> Financial Summary Performance Highlights Operational* 2.4M 158.8K 16.4M SATS reported strong performance, with a record high 2.4M in Cargo Tonnage Flights handled Aviation Meals cargo tonnage (10.4% year-on-year increase), 158.8K flights handled (a 2.6% increase) and 16.4M aviation meals (u
Slide 8: Revenue by Business Segment
<Public> Revenue by Business Segment By Business Revenue 1Q FY26 1Q FY25 Change % +136 M 1,506 By Business 1,370 Cargo 780.4 695.3 12% Ground 397.6 364.2 9% 52% Gateway Services 1,178.0 1,059.5 11% Cargo 51% Aviation 233.6 215.9 8% By Region Non-Aviation 94.7 94.9 0% Food Solutions 328.3 310.8 6% 26
Slide 9: Key Financial Metrics – At a Glance
<Public> Key Financial Metrics – At a Glance Ratios Key Financial Metrics Moody’s targets --- “+” indicates with SoAJV Profitability: $'M 1Q FY26 1Q FY25 Var % EBITDA margin (%) EBIT margin (%) PATMI margin (%) Revenue 1,506.3 1,370.4 ▲ 9.9% 18.2 18.2 8.2 8.3 4.7 4.7 Revenue (inc 100% AJVs) 2,163.7
Slide 10: 1Q FY26 Highlights
<Public> 1Q FY26 Highlights Change $'M 1Q FY26 1Q FY25 $ % Revenue 1,506.3 1,370.4 135.9 9.9 - Food 328.3 310.8 17.5 5.6 SATS Group delivered 1Q FY26 revenue of S$1.51 billion, - Gateway 1,178.0 1,059.5 118.5 11.2 representing a 9.9% increase compared to the same period last year. The Group’s steady
Slide 11: Group: Quarterly trending
<Public> Group: Quarterly trending Revenue EBIT YTDFY26 YTDFY25 YTDFY26 YTDFY25 1,506.3 1,370.4 ▲ 10% 125.2 112.9 ▲ 11% +136.0M +12.3M (+10%) (+11%) QoQ QoQ 1,450.7 1,523.3 1,476.7 1,506.3 +29.6M 127.2 127.3 125.2 1,370.4 112.9 108.3 +16.9M (+2%) (+16%) 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1
Slide 12: Group: Cash Flow Statement
<Public> Group: Cash Flow Statement Negative FCF due to delayed customer payments made in July, without which FCF would be flat compared to LY Quarterly trend: Operating CF after lease FCF $'M 1Q FY26 1Q FY25# var Operating Cash Flow (OCF) 165.2 172.5 (7.3) Lease payment (119.4) (85.9) (33.5) 230.2
Slide 13: Outlook
<Public> Outlook <Public> 13
Slide 14: Outlook
<Public> Outlook Looking ahead, amid economic uncertainties, Gateway Services is expected to remain resilient, supported by its business mix and global network. Food Solutions will continue to benefit from increased regional demand for authentic, high-quality aviation meals. While recent IATA growth
Slide 15: Outlook (cont’d)
<Public> Outlook (cont’d) “In recognition of Singapore’s 60th year of independence, we are proud to reaffirm our position as a Singapore- headquartered multinational. SATS' development and transformation over the years demonstrates resilience, adaptability, and a progressive approach, mirroring the
Slide 16: Appendix A
<Public> Appendix A <Public> 16
Slide 17: Operating Statistics
<Public> Operating Statistics 1Q FY26 4Q FY25 QoQ (%) 1Q FY25 YoY (%) Flights Handled ('000) 158.8 157.8 0.6 154.8 2.6 - APAC 87.7 84.3 3.9 79.0 11.0 - EMEAA 3.4 7.4 -53.6 8.1 -58.2 - Americas 67.7 66.1 2.5 67.7 0.0 Cargo/Mail Processed ('000 tonnes) 2,379.3 2,273.6 4.7 2,155.1 10.4 - APAC 704.0 661
Slide 18: Group Segmented P&L – 1Q FY26
<Public> Group Segmented P&L – 1Q FY26 Food Gateway 1Q FY26 1Q FY26 Food + Gateway Others Solutions Services Total Revenue 328.3 1,178.0 1,506.3 0.0 1,506.3 EBITDA 41.2 236.2 277.4 (3.6) 273.8 EBITDA (%) 12.5% 20.1% 18.4% n.m. 18.2% EBIT profit / (loss) 28.5 101.9 130.4 (5.2) 125.2 EBIT (%) 8.7% 8.7