Results For The Year Ended 31 December 2016

• Commercial sales constituted 65% or $4.3b of revenue
• Order book of $11.6b at end December 2016, of which about $3.7b is expected to be delivered in 2017
• Cash and cash equivalents including funds under management totalled $1.4b
• Advance payments from customers totalled $1.5b
• Economic value added for FY2016 was $252.4m

Group FY2016 Audited Results

“As a Group we achieved a commendable performance for FY2016, against headwinds that continue to subdue economic growth. Comparing FY2016 against FY2015, Group revenue grew 6% to $6.68b, and Group PBT and Net Profit came in lower at $590.6m and $484.5m respectively mainly as a result of the one-off charge in 3Q2016 for the Land Systems sector’s Specialty Vehicle business in China. Excluding the one-off charge, Group PBT and Net Profit for FY2016 would have been comparable to that in FY2015.

For 4Q2016, the Group posted comparable Revenue with a higher PBT compared to the same quarter last year. At the end of 2016, the order book showed a healthy level of $11.6b. The Group’s cash and cash equivalents including funds under management at the end of FY2016 was at $1.4b.

Barring unforeseen circumstances, the Group expects FY2017 Revenue to be comparable, while PBT is expected to be higher than that of FY2016.” - President & CEO, ST Engineering

N.B.: All currencies are in Singapore dollars