Singapore Tech Eng Ltd (SGGKF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to ST Engineering's full year 2023 results briefing. This morning, we will begin with a presentation by our Group CFO, Cedric Foo. Our Group President and CEO, Vincent Chong, will then give his remarks. After that, we will open up the floor to a Q&A session. For participants dialing in, please note that you will be placed on a listen-only mode until we open up individual lines for the Q&As. Without further ado, may I invite Cedric to give his presentation. Cedric, please. Good morning to everyone here in person at the SE Engineering Hub, as well as those joining us via our webcast. Welcome to SE Engineering's full year 2023 results briefing. Before I begin, I would like to bring your attention to slide two, which states, amongst others, that the group's actual future performance and outcomes and results may differ materially from those expressed. Slide three shows the agenda for today. I'll be covering group highlights, business discussions of each of the segments, order book and debt profile, dividends and outlook. Thereafter, CEO Vincent Chong will make some remarks followed by Q&A. First, let's take a look at group highlights. On slide five, We are very pleased to report a very strong set of results for financial year 2023. First, let me take the second half year on year figures first. For the second half of 2023, the group achieved double digit year on year growth in major financial metrics. 10% growth in revenue, 17% growth in EBITDA, 34% growth in EBIT, 43% growth in PBT, and 20% growth in net profit. Strong sets of results. This second half 2023 year-on-year comparison to second half 2022 is a better way to look at momentum compared to, say, second half 2023 versus first half 2023. Because this latter sequential method is distorted by sea...