TOTAL SHAREHOLDER RETURN In calendar year 2022, ST Engineering paid total dividends of 22.0 cents per share, comprising (i) final dividend of 10.0 cents per share for financial year 2021 paid in May 2022 and (ii) three quarterly interim dividends for financial year 2022 of 4.0 cents per share each paid in June 2022, September 2022 and December 2022. Based on the average share price of $3.56, the total dividend per share of 22.0 cents paid in calendar year 2022 translates to a dividend yield of 6.2%1. ST Engineering’s share price at the end of the year was $3.35, a 10.9% decrease y-o-y. With a dividend yield of 6.2%, total shareholder return (TSR) for 2022 was negative 4.7% (being 6.2% less 10.9%). WEIGHTED AVERAGE COST OF CAPITAL (WACC) The Group's WACC2 for 2022 was 5.0% (2021: 5.0%). TOTAL SHAREHOLDER RETURN (%) -20 -10 0 10 20 (4.7) 2022 2.4 2021 0.9 2020 16.9 2019 11.5 2018 Capital Gain Dividend Yield 6.2 4.0 3.9 (10.9) (1.6) (3.0) 4.0 12.9 4.4 7.1 1 For the purposes of TSR computation, dividend yield based on dividends paid to shareholders during the “calendar year” is used. If TSR is computed on the basis of dividends paid or proposed against the performance of “financial year” 2022, total dividend per share of 16.0 cents and dividend yield of 4.5% would be used instead. TSR computed on this “financial year” basis would be negative 6.4% (being 4.5% less 10.9%). 2 Calculated in accordance with established Group policy. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 57
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