The forward-looking statements in this presentation reflect the Company's current intentions, plans, expectations, assumptions and beliefs about future events as at the date of this presentation. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Some examples of these risk factors include disruption to global supply chains, general economic conditions, interest rate trends, inflationary pressure, shifts in customer demand, regulatory changes and natural disasters which may negatively impact business activities of the ST Engineering Group.
No assurance can be given that future events will occur, or that assumptions are correct. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events.
2 |
Agenda
Financial Highlights
Group Revenue
Business Segment Highlights
Commercial Aerospace (CA)
Defence & Public Security (DPS)
Urban Solutions & Satcom (USS)
Contract Wins & Order Book
Summary
Business Overview: Digital Business
Question & Answer Session
Notes:
All amounts in Singapore dollars unless otherwise stated
Amounts may not add to totals shown due to rounding
Group Revenue
Strong Revenue Growth Driven by CA and DPS
1Q2024 revenue
$2.7b
18% higher y-o-y
CA and DPS recorded double-digit % y-o-y growth in revenue
Revenue
$2.7b
$2.3b
1Q2023 1Q2024
4 |
Group Revenue
Group Revenue: Growth in CA and DPS Segments
$m
1Q2024
1Q2023
Change
Commercial Aerospace
1,152
873
▲32%
Defence & Public Security
1,123
982
▲14%
Urban Solutions & Satcom
429
434
▼1%
Group
2,703
2,289
▲18%
5 |
Business Segment Highlights
Commercial Aerospace
1Q2024 revenue
$1.2b
32% higher y-o-y
Broad-basedgrowth
Strong growth in Engine MRO
Revenue
$1,152m
$873m*
1Q2023
1Q2024
6 |
* Includes aircraft sales of $35m in 1Q2023
Business Segment Highlights
MRAS Nacelle Business Benefiting from Popularity of A320neo and Leap 1A
Narrowbody production expected to be strong over next 10 years
By 2034, narrowbody aircraft will make up 63% of global fleet 1 - A320 family has the largest share
LEAP-1Aengine estimated to account for 59%2 of A320neo platform by 2033
MRAS is the single-source nacelle provider for LEAP-1A3
Global Fleet Forecast,
2024-20341
+28% 36.4k
28.4k
+33%
23.0k
17.3k
(63.1%)
(60.8%)
2024
2034
Narrowbody
Widebody
Regional jet
Turboprop
Oliver Wyman Global Fleet and MRO Market Forecast 2024-2034
Aviation Week's May 2024 Fleet & MRO Forecast
In partnership with Safran Nacelle
7 |
Business Segment Highlights
Defence & Public Security
1Q2024 revenue
$1.1b
14% higher y-o-y
Growth in all sub-segments
Digital Business (Cloud, AI Analytics, Cyber) poised to well exceed 2026 revenue target
Revenue
$1,123m
$982m
1Q2023
1Q2024
8 |
Business Segment Highlights
Urban Solutions & Satcom
1Q2024 revenue
$429m
1% lower y-o-y
TransCore revenue grew >10% y-o-y
URS base business revenue
2H weighted
Satcom transformation well in progress
Multi-orbitNGP development on track; "Intuition" brand unveiled in Mar'24
Revenue
$434m
$429m
1Q2023
1Q2024
9 |
Contract Wins and Order Book
New Contract Wins and Strong Order Book
Contract Wins
$3.0b
New contracts for 1Q2024
Commercial
Defence &
Urban Solutions
Aerospace
Public Security
& Satcom
$0.84b
$1.65b
$0.54b
Order Book
$27.7b
as at 31 Mar 2024
$6.5b
Expected to be delivered for rest of the year
10 |
Attachments
Original Link
Original Document
Permalink
Disclaimer
ST - Singapore Technologies Engineering Ltd. published this content on
13 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
13 May 2024 00:03:03 UTC.
Singapore Technologies Engineering Ltd is a Singapore-based global technology, defense and engineering company. The Company operates through a diverse portfolio of businesses across the aerospace, smart city, defense and public security segments. The Companyâs segments include Commercial Aerospace, Urban Solutions & Satcom, and Defence & Public Security. The Commercial Aerospace includes airframe, engine and components maintenance, repair and overhaul, original equipment manufacturer for nacelles, composite floorboard and passenger-to-freighter conversions and aviation asset management. The Urban Solutions & Satcom includes smart mobility, smart utilities and infrastructure, urban environment solutions and satcom. Defence & Public Security includes public safety and security, critical information infrastructure solutions, control systems, cryptographic technology design and cybersecurity. It comprises defense business areas, such as digital systems and cyber, land systems, and more.
SINGAPORE TECHNOLOGIES ENGINEERING LTD 
