quot;% ST Engineering

Slide 4: Group Highlights

Group Highlights All figures are denominated in $m unless indicated otherwise FY2018 Revenue EBIT 6,698 570.3 +3% y-o-y +5% y-o-y +9% y-o-y PBT Net Profit 620.7 494.2 +1% y-o-y -2% y-o-y Legend: +7% y-o-y +9% y-o-y Green: As reported White: Excluding one-off charges Order book as at 31 December 2018

Slide 5: Impact of One-off Charges (FY2018 vs FY2017)

Impact of One-off Charges (FY2018 vs FY2017) #039;m FY2018 FY2017* YoY (Restated) Net Profit as reported 494.2 502.6 -2% One-off charges: i) Portfolio rationalisation and others# (24.7) - ii) MTN redemption related costs (7.9) - iii) U.S. tax adjustments - 20.3 Net Profit excluding one-off charges 526.

Slide 6: Group Highlights

Group Highlights All figures are denominated in $m unless indicated otherwise 4Q2018 Revenue EBIT 1,774 160.0 +0% y-o-y +5% y-o-y +10% y-o-y PBT Net Profit 160.5 124.5 -7% y-o-y -26% y-o-y Legend: +7% y-o-y +1% y-o-y Green: As reported White: Excluding one-off charges 6 |

Slide 7: Impact of One-off Charges (4Q2018 vs 4Q2017)

Impact of One-off Charges (4Q2018 vs 4Q2017) #039;m 4Q2018 4Q2017 YoY (Restated) Net Profit as reported 124.5 168.1 -26% One-off charges: i) Portfolio rationalisation and others# (29.5) - ii) MTN redemption related savings 4.9 iii) U.S. tax adjustments - 20.3 Net Profit excluding one-off charges 149.1

Slide 8: Group Revenue Breakdown

Group Revenue Breakdown FY2018 Revenue FY2018 Revenue $6.70b by location of customers Commercial 69% Defence ASIA U.S. 31% 62% 20% EUROPE OTHERS 11% 7% 8 |

Slide 9: Group Revenue

Group Revenue #039;m 4Q2018 4Q2017 Change FY2018 FY2017 Change (Restated) (Restated) Aerospace 647 740 -13% 2,647 2,535 +4% Electronics 536 461 +16% 2,143 2,011 +7% Land Systems 435 338 +29% 1,282 1,244 +3% Marine 139 131 +6% 574 637 -10% Others 17 24 -26% 52 94 -45% Group 1,774 1,694 +5% 6,698 6,521 +

Slide 10: Group Profit before Tax (PBT)

Group Profit before Tax (PBT) #039;m 4Q2018 4Q2017 Change FY2018 FY2017 Change (Restated) (Restated) Aerospace 82.6 94.7 -13% 320.0 318.5 - Electronics 51.5 62.1 -17% 224.7 200.2 +12% Land Systems 2.6 24.4 -89% 62.3 85.0 -27% Marine 16.0 0.4 >500% 50.3 22.4 +124% Others 7.8 (8.6) NM (36.6) (14.3) NM Gr

Slide 11: Group Net Profit

Group Net Profit #039;m 4Q2018 4Q2017 Change FY2018 FY2017 Change (Restated) (Restated) Aerospace 63.5 86.7 -27% 244.6 244.8 - Electronics 44.1 55.0 -20% 186.5 168.8 +10% Land Systems (0.7) 42.6 NM 52.9 87.4 -39% Marine 14.5 0.7 >500% 45.2 27.0 +67% Others 3.1 (16.9) NM (35.0) (25.4) NM Group 124.5 168

Slide 12: Group Margins

Group Margins PBT Margin Net Profit Margin 12 |

Slide 13: Sector Performance

Sector Performance quot;% ST Engineering

Slide 14: Aerospace

Aerospace FY2018 vs FY2017 (Restated) Higher revenue from AMM and CERO business groups Revenue $2,647m ▲ $112m or 4% Partially offset by Lower revenue from EMS business group  Higher gross profits PBT $320.0m  Net gain on divestments ▲ $1.5m or 0% Partially offset by Higher operating expe

Slide 15: Electronics

Electronics FY2018 vs FY2017 (Restated)  Higher revenue from LSG and CSG business groups Revenue $2,143m ▲ $132m or 7% Partially offset by Lower revenue from SSG business group  Higher gross profit in line with higher revenue Lower operating expenses PBT $224.7m ▲ $24.5m or 12% Partially of

Slide 16: Land Systems

Land Systems FY2018 vs FY2017 (Restated)  Higher revenue from Auto and S&T business groups Revenue $1,282m ▲ $38m or 3% Partially offset by  Lower revenue from M&W business group  Loss on divestment and impairment charges PBT $62.3m ▼ $22.7m or 27% Partially offset by  Higher gross profit from f

Slide 17: Marine

Marine FY2018 vs FY2017 (Restated)  Lower revenue from Shipbuilding and Shiprepair business groups Revenue $574m ▼ $63m or 10% Partially offset by  Higher revenue from Engineering business group  Higher gross profit PBT $50.3m ▲ $27.9m or 125%  Lower operating expenses  In line with the increa

Slide 18: Outlook

Outlook quot;% ST Engineering

Slide 19: President & CEO's Message

President & CEO’s Message “The Group delivered a resilient set of results and maintained the momentum for new contracts. Excluding one-off charges mainly incurred to rationalise our portfolio, the underlying operating performance of our business sectors remained strong. We continue to invest in grow

Slide 20: Thank You

alg Se 3 7,< 91 Engineering Thank You

Slide 21: Appendix

Appendix quot;% ST Engineering

Slide 22: Group Revenue by geography

Group Revenue by geography (by location of customers) 22 |

Slide 23: Group Margins

Group Margins PBT Margins Net Profit Margins 23 |

Slide 24: Balance Sheet

Balance Sheet #039;m 31 Dec 2018 31 Dec 2017 (Restated) Property, Plant & Equipment 1,743 1,719 Intangible Assets 1,151 1,087 Other non-current assets 582 942 Current assets 4,097 4,276 Total assets 7,573 8,024 Current liabilities 3,851 3,587 Non-current liabilities 1,187 1,941 Total liabilities 5,038

Slide 25: Statement of Cash Flows

Statement of Cash Flows #039;m FY2018 FY2017 (Restated) Net cash from/(used in) Operating activities 639 764 Investing activities (65) (246) Financing activities (1,161) (390) Net (decrease)/increase in CCE * (587) 128 CCE at beginning of the year 998 904 Exchange difference 3 (34) CCE at end of the ye

Slide 26: Aerospace

Aerospace quot;% ST Engineering

Slide 27: Aerospace Revenue by geography

Aerospace Revenue by geography (by location of customers) 27 |

Slide 28: Aerospace Revenue, PBT and Net Profit

Aerospace Revenue, PBT and Net Profit by business group Revenue ($m) PBT ($m) Net Profit ($m) Note: Revenue includes inter‐segment sales 28 |

Slide 29: Aerospace Margins

Aerospace Margins PBT Margins Net Profit Margins 29 |

Slide 30: Aerospace – FY2018 in Review

Aerospace – FY2018 in Review • Secured $2.06bn worth of new contracts, including: • MD-11 heavy maintenance for Lufthansa Cargo; B787 interior reconfiguration for Air Canada; first Airbus Corporate Jet maintenance support; • Multi-year A321ceo/neo component support for Vietnam Airlines; first B737-8

Slide 31: Aerospace – FY2018 in Review

Aerospace – FY2018 in Review • Expanding Capacity • MOU with Vietnam Airlines to set up a component MRO JV in Hanoi • Pensacola, Florida MRO facility started operations; signed MOU extension to expand annual capacity to 2.1m man-hours • Second composite panel manufacturing plant opened in Kodersdorf

Slide 32: Aerospace – Outlook for FY2019

Aerospace – Outlook for FY2019 • Pursue launch customer for A320 freighter conversion; grow aircraft leasing portfolio • Develop and commercialise UAV programmes including DroNet • Integrate MRA Systems, LLC upon the close of transaction • Accelerate digitalisation of global operations; adopt smart

Slide 33: Electronics

Electronics quot;% ST Engineering

Slide 34: Electronics Revenue by geography

Electronics Revenue by geography (by location of customers) 34 |

Slide 35: Electronics Revenue, PBT and Net Profit

Electronics Revenue, PBT and Net Profit by business group Revenue ($m) PBT ($m) Net Profit ($m) Note: Revenue includes inter‐segment sales 35 |

Slide 36: Electronics Margins

Electronics Margins PBT Margins Net Profit Margins 36 |

Slide 37: Electronics – FY2018 in Review

Electronics – FY2018 in Review • Secured $2.19bn worth of new contracts, including: • First Indonesian contract to supply Platform Screen Doors for Jarkarta’s new light rail transit (LRT) • Multiple rail electronics solutions for customers in Asia including a Rail Enterprise Asset Management System

Slide 38: Electronics – FY2018 in Review

Electronics – FY2018 in Review • Enhance Smart City capabilities: • Launched (a) Region’s first barrier-free, hands-free Automatic Fare Collection system (b) Region’s first end-to-end cybersecurity solution for mobility rail industry (c) World’s slimmest 2FA encrypted data storage with smart card •

Slide 39: Electronics – Outlook for FY2019

Electronics – Outlook for FY2019 • Deliver smart mobility, satellite communications and software system related contracts on schedule • Pursue smart city related contracts in and outside of Singapore 39 |

Slide 40: Land Systems

Land Systems quot;% ST Engineering

Slide 41: Land Systems Revenue by geography

Land Systems Revenue by geography (by location of customers) 41 |

Slide 42: Land Systems Revenue, PBT and Net Profit

Land Systems Revenue, PBT and Net Profit by business group Revenue ($m) PBT ($m) Net Profit ($m) Note: Revenue includes inter‐segment sales 42 |

Slide 43: Land Systems Margins

Land Systems Margins PBT Margins Net Profit Margins 43 |

Slide 44: Land Systems – FY2018 in Review

Land Systems – FY2018 in Review • Secured new contracts including: • Weapons & munitions from customers in Asia Pacific, Middle East and Europe • Road Construction Equipment and Specialty Vehicles from customers in North America, LATAM and Asia • 111 two-door double deck Euro 6 diesel buses and 20 s

Slide 45: Land Systems – FY2018 in Review

Land Systems – FY2018 in Review • Industry collaborations with: • Paramount Group to market the family of Belrex Protected Vehicles globally • Hirtenberger Defence Systems to market 120mm mortar system in Europe • RideOS to develop integrated autonomous transport systems in Singapore • SafeRide to i

Slide 46: Land Systems – Outlook for FY2019

Land Systems – Outlook for FY2019 • Pursue and secure key defence and commercial programmes locally and overseas • Accelerate the deployment of autonomous vehicles • Provide logistics autonomous solutions for the warehouse, airport, seaport and manufacturing industries 46 |

Slide 47: Marine

Marine ally =< 91 Engineering

Slide 48: Marine Revenue by geography

Marine Revenue by geography (by location of customers) 48 |

Slide 49: Marine Revenue, PBT and Net Profit

Marine Revenue, PBT and Net Profit by business group Revenue ($m) PBT ($m) Net Profit ($m) Note: Revenue includes inter‐segment sales 49 |

Slide 50: Marine Margins

Marine Margins PBT Margins Net Profit Margins 50 |

Slide 51: Marine – FY2018 in Review

Marine – FY2018 in Review • Announced $991m worth of new contracts, including: • Fast Patrol Boats for Singapore Police Coast Guard • First refit on a naval platform for a foreign navy with operations in the Indo- Pacific region • Two Logistics Support Vessels for a foreign government • Two firm and

Slide 52: Marine – FY2018 in Review

Marine – FY2018 in Review • Shipbuilding programmes remained on track • Completed numerous shiprepair projects, rig repair and related fabrication works • Added a blast and paint facility in Pascagoula yard, U.S. • Commenced construction of Jurong Island Desalination Plant and secured a Mechanical &

Slide 53: Marine – Outlook for FY2019

Marine – Outlook for FY2019 • Scheduled launch: • 8th Littoral Mission Vessel (LMV) for Republic of Singapore Navy (RSN) • ATB Tug and ATB Barge for Quality Liquefied Natural Gas Transport • ATB Tug Barge, Evening Stroll, for Bouchard Transportation • Expected delivery: • 7th and 8th of eight LMVs t

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