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.


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.

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.




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

EBITDA


S$3.8B

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

S$3.6B

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

S$445M

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

S$697M

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


Strengthening Business Resilience

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

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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