Comfortdelgro Corporation Limited · SGX:C52
Comfortdelgro — H1 2026 Earnings Presentation
26 slides from Comfortdelgro's earnings presentation, Aug 14, 2026
Slide 1: 1H2026 Financial Results Presentation
1H2026 Financial Results Presentation 14 August 2026
Slide 2: Disclaimer
Disclaimer This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares (“Shares”) in ComfortDelGro Corporation Limited (the "Company"). The value of shares and the income derived from them may fall as well as rise. Shares are
Slide 3: Table of Contents
Table of Contents 01 Executive Summary 02 Review of Financial Results 03 Performance by Business Segment 04 Business Outlook 05 Dividend Payout Page 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY comfortdelgro_
Slide 5: Public Transport earnings resilient amid P2P transformation
Public Transport earnings resilient amid P2P transformation 1H2026 Financial Highlights • Revenue of $2.56b • Public Transport remains resilient – Driven by long-term Public Transport contracts – Underpinned by long-term contracts – Taxi / PHV segment challenges continue – Indexation mechanisms miti
Slide 6: 1H2026 Key Business Updates
1H2026 Key Business Updates Public Transport Taxi / Private Hire Other Recent Developments • Singapore rail aided by ridership growth and • B2B – remains stable • Group COO appointed, joining in October fare adjustment with better infrastructure • Singapore corporate accounts continued to grow new 2
Slide 7: Review of Financial Results
REVIEW OF FINANCIAL RESULTS Page 7
Slide 8: Income Statement
Income Statement $’m 1H2026 1H2025 Fav/(Adv) • 1H2026 Revenue ↑$138.9m / 5.7%; and Operating Profit ↓($29.9m) / (17.3%) Revenue 2,561.6 2,422.7 138.9 / 5.7% Operating Costs (2,220.7) (2,057.8) (162.9) / (7.9%) • Public Transport Depreciation and Amortisation (198.6) (199.4) 0.8 / 0.4% • London contr
Slide 9: Balance Sheet
Balance Sheet $’m Jun’26 Dec’25 Fav/(Adv) Cash and short-term deposits 764.5 868.4 (103.9) / (12.0%) • Increase in total assets mainly from CAPEX partially offset by lower cash and short-term deposits following Other current assets 1,032.3 1,016.4 15.9 / 1.6% the FY2025 final dividend paid in May’26
Slide 10: Cashflow
Cashflow $’m 1H2026 1H2025 Cash from Operating Activities 330.7 333.3 • Cash from operating activities remained strong Utilisation of Cash: • 1H2026 Acquisitions related to acquisition of P&J Ellis on 30 Jun’26 Dividends (139.0) (119.4) Tax (38.1) (40.9) • 1H2026 Net CAPEX includes fleet renewal, Pa
Slide 11: Group Treasury Status
Group Treasury Status $’m Jun’26 Dec’25 Fav/(Adv) Cash and Short-Term Deposits 764.5 868.4 (103.9) / (12.0%) Borrowings + Finance Leases (1,668.1) (1,598.5) (69.6) / (4.4%) Net Debt (903.6) (730.1) (173.5) / (23.8%) Net Gearing (net debt / (net debt + equity)) 23.2% 19.7% Total Available Facilities
Slide 12: CAPEX Summary
CAPEX Summary Proceeds from disposals Proceeds from disposals Net CAPEX Net CAPEX Buses Taxis Other vehicles Land and buildings Others CAPEX returned to run-rate after funding major new Metroline Manchester contract win in 1H2025 • Buses – includes 66 EV buses in London and 17 replacement buses in A
Slide 13: Revenue by Geographical Region
Revenue by Geographical Region • 1H2026 overseas revenue contribution remains stable at 55.4% (1H2026: 54.3%) Page 13
Slide 14: Operating Profit by Geographical Region
Operating Profit by Geographical Region • Singapore – smaller Taxi / PHV fleet and lower bus advertising margin • UK / EU – drop in Taxi / PHV premium B2B demand, London public bus recovery on track • Australia – competition and cautious consumer spending in Taxi / PHV Page 14
Slide 15: Performance by Business Segment
PERFORMANCE BY BUSINESS SEGMENT Page 15
Slide 16: Public Transport
Public Transport • Main components: Public Bus, Public Rail, Scheduled Bus $’m 1H2026 1H2025 Revenue 1,724.4 1,571.1 • 1H2026 OPE ↑$7.8m or 11.0% vs 1H2025 • UK Metroline London public bus contracts renewals Operating Costs (1,645.6) (1,500.1) at improved margins • Australia new Victoria contracts w
Slide 17: Taxi / Private Hire
Taxi / Private Hire • Main components: Taxi Rental, PHV Rental, Platform Services, Engineering Services, Fuel Sales $’m 1H2026 1H2025 • 1H2026 OPE ↓($31.1m) or (45.9%) vs 1H2025 Revenue 473.9 519.7 • B2B business stable while we build further Operating Costs (437.3) (452.0) capabilities, B2C mass ma
Slide 18: Other Private Transport
Other Private Transport • Main components: Private Bus, Non-Emergency Patient Transport (“NEPT”), Corporate Vehicle Leasing $’m 1H2026 1H2025 • 1H2026 OPE ↓($3.1m) or (79.5%) vs 1H2025 Revenue 234.5 214.5 • Lower travel disruption job volumes for CMAC in Operating Costs (233.7) (210.6) UK/EU • Infla
Slide 19: Inspection & Testing Services
Inspection & Testing Services • Main components: Vehicle and other testing services $’m 1H2026 1H2025 • 1H2026 OPE ↑$5.2m or 27.5% vs 1H2025 Revenue 73.2 68.6 • On-Board Unit installations for the Electronic Road Operating Costs (49.1) (49.7) Pricing 2.0 24.1 18.9 32.9% 27.6% Net Gain/(Loss) on Disp
Slide 20: Other Segments
Other Segments • Main components: Driving Centre, Bus Station, Insurance, Media, Logistics, EV Charging, Corporate Overheads $’m 1H2026 1H2025 • 1H2026 OPE ↓($2.0m) or (50.0%) vs 1H2025 Revenue 55.6 48.8 • Bus advertising concession fee introduced as part Operating Costs (53.6) (44.8) of new single
Slide 21: Business Outlook
BUSINESS OUTLOOK comfortdelgro_
Slide 22: Business Outlook
Business Outlook • Public Transport • Singapore • Rail operations revenue is expected to grow in line with the steady growth in ridership and fare adjustment implemented in December 2025. • Tampines Bus Package handed over to new operator from July 2026. • UK / EU • London public bus contracts renew
Slide 23: Business Outlook
Business Outlook • Taxi / Private Hire • Singapore focus remains on scaling the PHV fleet and network, maintaining taxi fleet and enhancing B2B offerings. • Australia remains challenged by strong ride hailing competition, with a focus on growing the B2B customer base and stabilising B2C market share
Slide 24: Dividend Payout
DIVIDEND PAYOUT comfortdelgro_
Slide 25: Financial Year 2026 Dividend Payout
Financial Year 2026 Dividend Payout FY2026 FY2025 (cents) (cents) Interim Dividend 3.91 3.91 Dividend yield * 5.8% 5.5% * Based on ComfortDelGro share price as at 30 Jun 2026 / 30 Jun 2025 Page 25
Slide 26: Thank You
comfortdelgro_