ST Engineering Annual Report 2020

TOTAL ASSET BY GEOGRAPHY FY2020 FINANCIAL RESULTS IN LINE WITH EXPECTATIONS The Group’s FY2020 financial results were in line with our guidance at our quarterly Market Updates. We managed to keep balanced keel amid COVID-19 because of the Group's underlying strengths and various mitigating factors including our cost reduction initiatives and government support. In FY2020, the Group generated revenue of $7.2b, 9% lower than the year before. Profit before tax was $534.4m, a reduction of 23% year-on-year (y-o-y), and Profit attributable to shareholders (Net Profit) was 10% lower y-o-y at at $521.8m. Economic Value Added decreased by 10% y-o-y to $286.4m. The Group ended the year with a strong order book of $15.4b, of which $5.3b is expected to be delivered in 2021. The Board has recommended to pay shareholders a final dividend of 10.0 cents per share. Together with the interim dividend of 5.0 cents per share paid in September 2020, shareholders will receive total dividend of 15.0 cents per share for FY2020. FINANCIAL POSITION As at 31 December 2020, the Group's total asset of $9,561m were comparable to prior year. FINANCIAL REVIEW / ST ENG I NEER I NG 62 Asia U.S. Europe Others Asia U.S. Europe Others 2020 (%) 52 28 18 2 2019 (%) 52 29 17 2 2019 TOTAL ASSET DEPLOYMENT ($m) 10,000 Property, Plant & Equipment and Right-of-Use Assets Intangibles and Other Assets Inventories Trade Receivables, Contract Assets, and Advances and Other Receivables Bank Balances and Other Liquid Funds 0 6,000 2,000 4,000 8,000 2020 9,521 9,561