SATS Accelerates Profitable Growth

SATS’ Proposed Acquisition
of Worldwide Flight Services (WFS)

SATS Extraordinary General Meeting

SATS convened an Extraordinary General Meeting at Singapore EXPO, Hall 1 (APEX) and by way of electronic means on Wednesday, 18 January 2023 at 2:30 pm.

SATS on 28 September 2022 announced a proposed acquisition of WFS, the world’s largest air cargo handling firm, to create a global leader in the aviation services sector. This strategic acquisition will advance SATS’ twin-engine growth strategy, expanding its network and capabilities in Asia and globally, while continuing to strengthen its Singapore core.

Led by SATS, the combined group will have a greater ability to capitalise on growth across the cargo supply chain, and benefit from stronger demand for eCommerce and specialised cargo handling.

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Accelerating Growth for SATS

  • Expansion of network and capabilities into strategic hubs in Europe and the US, and foundational positions in complementary new growth markets of Latin America and Africa.
  • Geographic expansion and increased exposure to the resilient air cargo segment.
  • A step change in revenue and EBITDA with strong operating profitability.

Revenue

S$3.8B

FY2022 Pro Forma Revenue
(before SFRS(I) adjustment)

S$3.6B

FY2022 Pro Forma Revenue
(after SFRS(I) adjustment)

EBITDA

S$445M

FY2022 Pro Forma EBITDA
(before SFRS(I) adjustment)

S$697M

FY2022 Pro Forma EBITDA
(after SFRS(I) adjustment)

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Strengthening Business Resilience

At the heart of global trade flows, operating in the world’s busiest airports, and supporting the biggest companies.

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Scaling up Digitalisation and ESG

A comprehensive global network, delivering a greater impact for the environment, our people, and the communities in which we operate.

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SIAS-SATS Dialogue #1 Presentation

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SIAS-SATS Dialogue #2 Presentation

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Circular and Gatefold to Shareholders

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SGX Announcement - Rights Issue

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SGX Announcement - Rights Issue

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SGX Announcement - Rights Issue

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SGX Announcement - Rights Issue

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Media Release - Rights Issue

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SGX Announcement - Rights Issue

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Offer Information Statement dated 2 March 2023

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Media Release - Completion

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SGX Announcement - Completion

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About SATS

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About WFS

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