Singapore Technologies Engineering (S63) Investor Day 2025 presentation summary

Five-year growth targets

• Revenue target $17b by 2029 from $11.3b in FY2024, growing at >2.5x projected global GDP growth; targets exclude M&As and divestments.

• Net profit CAGR to exceed revenue CAGR by up to 5 percentage points.

Core business targets

• Commercial Aerospace revenue to reach $6.0b by 2029, growing at 2x aerospace industry growth; FY2024 revenue was $4.4b.

• Smart City revenue to reach $4.5b by 2029, growing at 3.5x projected global GDP growth; FY2024 revenue was $2.7b.

• Defence & Public Security revenue target >$7.5b by 2029, from $4.9b in 2024.

• Digital Business revenue to more than double to >$1.3b by 2029, from $0.6b in 2024.

Growth execution

• Order book rose to $28.5b in 2024 from $14.4b in 2020, excluding the U.S. Marine business divested in 2022.

• Commercial Aerospace plans to expand global MRO capacity; engine shop capacity target >400 by 2027, with CFM56 and LEAP capabilities.

• Aviation assets under management target US$3.5b by 2029, supported by an aviation fund structure; cumulative revenue synergies exceeded US$100m since 2020.

• International defence generated >$2.2b in new orders during 2021-2024, with deliveries to >50 countries since 2021.