ST Engineering Annual Report 2024

KEY FOCUSES FOR 2025 Accelerate smart city growth with strategic mobility wins, while expanding project delivery and customer support capabilities in Southeast Asia and the U.S. to advance tolling and ITS market expansion Expand smart utilities and infrastructure solutions into new markets to drive growth and capture emerging opportunities Embark on full release of Intuition to the market, and work on migrations of customer networks to Intuition to lay the foundation for growth and success In utilities and infrastructure, the focus on resource efficiency, sustainable development and people-centric solutions will intensify. Our approach to preparing cities for a smarter and more sustainable future encompasses city-scale solutions underpinned by our strong capabilities in IoT and analytics. These technologies drive operational efficiencies and resource optimisation, underpinning our commitment to developing differentiated smart utilities and infrastructure solutions while expanding the global footprint of our SUI business. As security threats grow in complexity, safeguarding borders, critical infrastructures and urban spaces is becoming increasingly critical. As a trusted provider of integrated smart security management solutions, we aim to grow our presence in key industry verticals such as airports. We will continue enhancing our offerings by leveraging AI, GenAI and advanced technologies to improve threat detection, automation and response capabilities. With our deep domain expertise, extensive project management experience and commitment to customer excellence, we are well-positioned to seize opportunities and drive the future of smart cities. SATCOM The satcom industry is undergoing rapid transformation, driven by expanded satellite capacity, reduced costs and growing market opportunities. As the ground infrastructure segment evolves to support multi-orbit constellations in a multi-service environment, Intuition will empower customers to deliver faster, more scalable and cost-effective services with greater flexibility. By addressing the complexities of multi-orbit, multinetwork environments, Intuition enables dynamic, highperformance networks, equipping customers to respond to shifting market demands. Ahead of its full release, we remain focused on optimising Intuition through real-world applications to ensure it aligns with our customers’ evolving needs. As we continue on our satcom transformation journey, we will focus on sales capture, customer engagements and developing innovative, customer-centric solutions that not only address current requirements but also anticipate future challenges. By aligning our product development and business strategies with long-term market trends, we are laying a foundation for continued growth, success and value creation for our customers. 43 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT

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