Sia Engineering Co. Ltd. · SGX:S59
Sia Engineering — Shareholder Meeting (July 2020)
10 slides from Sia Engineering's shareholder meeting presentation, Jul 17, 2020
Slide 1: Staying Resilient, Working Together
Staying Resilient, Working Together Annual General Meeting 17th July 2020
Slide 2: Executive Summary: FY19/20 Highlights
Executive Summary FY19/20 Highlights 1 Apr 2019 2 Dec 2019 Dedicated facility to S$1.4 billion Services perform CFM LEAP- Agreement with 1A and Leap-1B Singapore Airlines engine work 3 Jan 2020 4 Feb 2020 Line Maintenance JVs Brilliant Factory to perform engine MRO Malaysia services for GE90 and GE9
Slide 3: Strategic Partnerships - JV Portfolio
Strategic Partnerships - JV Portfolio Foster and Strengthen Collaborations with Key Strategic Partners 26 JVs Across 8 Countries Total Revenue in FY19/20: S$5.6B Airframe and Line Maintenance Engine and Component SIA Engineering PT JAS Aero- Singapore Aero Engine Component Aerospace SIA Engineering
Slide 4: A Transformational Year
Executive Summary A Transformational Year > 100 initiatives implemented Increased Reduced turn- Expanded capability and capacity Utilisation around-time Upskilled and Broadened Skillsets Reduced Enhanced Planning Processes operating costs Performance Management 4
Slide 5: Unprecedented Impact on the Aviation Industry
COVID-19 Unprecedented Impact on the Aviation Industry Airlines Experienced Significant Flight Reductions with Airlines Likely to Face Continued Challenges In 2020-2021 Extensive Travel Restrictions being Imposed (‘000) Commercial Aircraft Movements in Changi Airport 35 32.7 33.3 33.4 32.4 32.4 32.4
Slide 6: Impact across All Business Segments
COVID-19 Impact across All Business Segments Demand for passenger air travel plummeted amid fears of infection as well as border controls by countries, and airlines were forced to ground their fleets. Line Maintenance Fleet Management Joint Ventures Base Maintenance and Cabin Services ~ 90% reductio
Slide 7: Our Response
COVID-19 Our Response 1 Health And Safety of Staff Our Priorities 2 Prudent Financial Management 3 Positioning for Recovery 7
Slide 8: Our Immediate Priorities
COVID-19 Our Immediate Priorities • SIAEC and its local JVs are classified as essential services • Voluntary and compulsory no • Implemented health and safe pay leave while protecting jobs • Scheduled staff for management measures • Furlough for staff on re- technical and soft-skill • Work from home
Slide 9: Positioning for Recovery
COVID-19 Positioning for Recovery Press on with the next Phase of Strong balance sheet to support our Transformation journey recovery & growth Operations Comprehensive review of Investments in Lean and various partnerships to ensure digitalisation they remain relevant to growth plans Partnerships Lo
Slide 10: Thank You
Thank You 10
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