Singapore Tech Eng Ltd (SGGKF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to ST Engineering's full year 2024 results briefing. 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 end today's session with a Q&A for the analysts. Without further ado, may I invite Cedric to give his presentation, please. Thank you. Welcome to ST Engineering's full year 2024 results briefing. A very good morning to everyone here, in person, as well as those joining us via webcast. Slide two, please. Before I begin, I would like to bring your attention to slide number two. which states, amongst others, that the Group's actual performance, outcomes and results in the future may differ materially from those expressed in forward-looking statements. This is our agenda for today. I will be covering Group Highlights, Business Discussions, Productivity, Debt Profile, Contract Wins and Order Book, Investing for the Future, Dividends and Outlook. Slide four, please. First, let's take a look at group highlights. Slide five. I'm pleased to report a very strong set of second half 2024 and full year 2024 results. First, on the left, for second half 2024, the group achieved a solid year-on-year growth. 10% growth in revenue, 11% growth in EBITDA, 18% growth in EBIT, 26% growth in PBT, and 20% growth in net profit. For the full year 2024, the group also performed very well. On a year-on-year basis, 12% growth in revenue, which crossed the $11 billion mark, 11% growth in EBITDA, and as you know, EBITDA is a good proxy for operating cash flow, growing to $1.6 billion, 18% growth in EBIT to $1.1 billion, which exceeded the $1 billion mark, 23% growth in PBT to $863 million, and 20% growth in net profit to $702 million. The above good performance was due t...