Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — H1 FY2005/06 Earnings Presentation
15 slides from Sia Engineering's earnings presentation, Oct 28, 2005
Slide 1: 1H FY05/06 Performance Review Analyst/Media Briefing
1H FY05/ 06 Performance Review Analyst/ Media Briefing 28 October 2005 1
Slide 2: Financial Review
Financial Review P SIA ENGINEERING COMPAITY
Slide 3: Summary of Group Results – 1H FY05/06
Summary of Group Results – 1H FY05/ 06 FY05/06 FY04/05 Variance 1H 1H S$M S$M % (restated) Revenue 463.5 408.0 + 13.6 Expenditure 404.1 347.9 + 16.2 Operating Profit 59.4 60.1 - 1.2 Share of associate and JV profits 52.1 34.0 + 53.2 Profit attributable to shareholders 105.6 85.4 + 23.7 Net profit ma
Slide 4: Group Revenue Composition
Group Revenue Composition FY05/06 FY04/05 Variance 1H 1H S$M S$M % (restated) Labour revenue 325.8 271.4 + 20.0 Material revenue 110.4 109.5 + 0.8 Fleet management 15.7 13.2 + 18.9 Others 11.6 13.9 - 16.5 Revenue 463.5 408.0 + 13.6 % of non-SIA work 23% 23 % - 4
Slide 5: Group Expenditure
Group Expenditure FY05/06 FY04/05 Variance 1H 1H S$M S$M % (restated) Staff costs 179.6 175.9 + 2.1 Materials 115.8 111.4 + 3.9 Overheads 108.7 60.6 + 79.4 Expenditure 404.1 347.9 + 16.2 5
Slide 6: Group Financial Statistics
Group Financial Statistics Sep 05 Mar 05 Variance % (restated) Shareholders’ funds (S$M) 945.7 858.5 + 10.2 Net asset value per share 92.1 84.4 + 9.1 (cents) FY05/06 FY04/05 Variance 1H 1H Return on average 21.9% 19.5% + 2.4 pts shareholders’ funds (MAA)* Interim Dividend ( Ordinary) 4.0 cents/share
Slide 7: Summary of Group Results – 2Q FY05/06
Summary of Group Results – 2Q FY05/ 06 FY05/06 FY04/05 Variance 2Q 2Q S$M S$M % (restated) Revenue 240.0 206.7 + 16.1 Expenditure 213.6 179.4 + 19.1 Operating profit 26.4 27.3 - 3.3 Share of associate and JV profits 24.7 19.2 + 28.6 Profit attributable to shareholders 50.4 42.0 + 20.0 Net profit mar
Slide 8: Operational Review
Operational Review , SIA ENGINEERING COMPAITY
Slide 9: Line Maintenance
Line Maintenance Flights Handled at Changi Airport: Q2 FY05/ 06 Q2 FY04/ 05 Change 21,331 19,227 + 11% 9
Slide 10: Airframe & Component Overhaul
Airframe & Component Overhaul Q2 05/ 06 Q2 04/ 05 D checks 11 6 C checks 32 33 A checks 94 101 10
Slide 11: Major Events in H1 FY05/06
Major Events in H1 FY05/ 06 2 new Subsidiaries – SI AEC (51% ): � Aviation Partnership Corporation (Philippines) formed with Cebu Pacific Air - Line maintenance in the Philippines - Commenced operations in J ul 05 � Aerospace Component Services formed with Parker Aerospace - Overhaul of hydraulic co
Slide 12: New Contracts for Airframe Maintenance & Component Overhaul
New Contracts for Airframe Maintenance & Component Overhaul Airline Aircraft Checks Air Canada A340 C Northwest Airlines B747-400 C&D Martin Air B747-200 D Iberworld A320 C Japan Airlines A300-600 C Air India A310 C GO Air A320 FMP 12
Slide 13: Diverse Customer Base
Diverse Customer Base for Airframe Maintenance & Component Overhaul EUROPE (New): Martin Air ASI A (New): North America (New): I berworld J apan Airlines Air Canada Air I ndia Northwest Airlines Existing: GO Air Air Atlanta Existing: Existing: Middle East Air Pacific Atlas Air Existing: Air Canada F
Slide 14: Outlook for Q3 FY05/06
Outlook for Q3 FY05/ 06 Competitive environment Growth in passenger and cargo traffic Sustained demand for MRO Soaring fuel prices Pressure on MRO rates 14
Slide 15: Thank You
Thank You SIA ENGINEERING COMPAITY
SIA Engineering Company — H1 FY2005/06 Earnings Presentation on 6ix