SATS Ltd.

SATS Gateway Services Singapore operations outperformed 16 other stations in Asia to receive two special accolades from All Nippon Airways (ANA) for the Best Station for On-Time Performance (OTP) and Overall Divisional Performance in the Asia Pacific and Oceania regions. According to global aviation analytics firm Cirium, ANA is ranked the most on-time airline in Asia, based on data from over 302,279 flights. OTP compares an airline's timeliness to others based on its published schedule, which reflects the airline's reliability and customer satisfaction. ANA’s ability to stay on schedule is contingent on the quality of Changi Airport’s operations, as well as SATS’ skilled crew and strong operational coordination, and we are delighted to have contributed to ANA’s reputation for OTP. Thank you ANA for your trust and appreciation! Mr. Naoaki Takayanagi, General Manager for ANA Singapore visited SATS’ Terminal 1 Office in Singapore to present the Appreciation Award to Bob Chi, CEO of SATS Gateway Services, APAC. Here's to a continued fruitful collaboration! #ANA #OTP #SATSANA #GATEWAYServices

We’re excited to share the success of the recent SATS-Mitsui & Co., Ltd. press event at Narita International Airport in Tokyo on 23 August, where Kerry Mok, Stanley Goh and Mitsuhiro Goto, General Manager, Retail Business Unit, Mitsui & Co., introduced the new strategic partnership SATS has formed with Mitsui & Co., Ltd. Held at SATS TFK, the event included a kitchen tour, and a food tasting session, and a briefing on the SATS-Mitsui partnership for media representatives from TV stations, newspapers and online news portals in Japan and Singapore. Our guests witnessed SATS’ process for crafting frozen meals, highlighting our culinary expertise and innovative food technology. SATS will leverage Mitsui’s network and market access, while offering our Japanese partner culinary and large-scale food solutions capability to create value for our respective stakeholders. The SATS-Mitsui partnership will place special focus on key Asian markets in China, India, Thailand, Japan, and Singapore. We’re proud to continue strengthening our presence in these vital markets. Thank you to everyone involved with the SATS-Mitsui partnership, and to our media partners for their support!

SATS Ltd. (SATS) today reported its unaudited results for the three months ended 30 June 2024 (1Q FY25). The company posted a S$65 million net profit on robust growth. Revenue grew 15.5% year-on-year to S$1.37B, driven by significant growth in air cargo volumes and continuing travel recovery. The company delivered annualised S$51M of the targeted S$100M of EBITDA synergies and the year-on-year EBITDA margin improved to 18.2% from 13.1% SATS expects positive momentum in the coming quarters. The acceleration of eCommerce, the shift to air cargo because of seaport congestion, and disruption in maritime shipping are expected to continue to underpin demand for air cargo services. According to IATA, global air cargo traffic is expected to grow by 5% in 2024, while global passenger traffic growth is projected at 11.6% in total revenue passenger kilometres (RPK) this year. Notably, Asia Pacific is leading the recovery, with the region expected to contribute half of the world’s RPK growth in 2024, particularly through its robust domestic markets. SATS remains confident to deliver on its commitments to improve financial performance, reduce debt, and strengthen the overall cash position. Read more details at: https://lnkd.in/ghiNN3ed #StrengtheningTheCore #ExpandingOurHorizons

GROWTH: We are thrilled to announce that FCS Frankfurt Cargo Services GmbH (FCS) has secured a new multi-year cargo handling contract with China Airlines, extending its partnership to over 25 years. Starting August 2024, FCS, a subsidiary of Worldwide Flight Services (WFS) which is part of SATS Ltd., will continue to manage 25,000 tons of cargo annually on China Airlines' Boeing 777 flights between Frankfurt and Taipei. WFS’ collaboration with China Airlines spans multiple stations across Europe, the UK and North America, and includes handling of special shipments like pharma, eCommerce, and dangerous goods. Find out more: https://lnkd.in/e5RYQN4G hashtag #FCS #WFS #ChinaAirlines #AirCargo #CargoHandling #Logistics #Pharma #eCommerce

SATS is honoured to have topped the annual corporate governance scorecard in the General Category of the 2024 Singapore Governance and Transparency Index (SGTI). The SGTI, a prestigious annual assessment by CPA Australia, NUS Business School’s Centre for Governance and Sustainability, and the Singapore Institute of Directors, evaluates SGX-listed companies on their corporate governance and financial disclosure practices. The overall scoring system of the General Category comprises five areas: Board Responsibility, Rights of Shareholders, ESG and Stakeholders, Accountability and Audit, and Disclosure and Transparency, with adjustments to account for best and worst practices. This year, the index's updated framework places a stronger emphasis on sustainability disclosures, reflecting recent shifts in Singapore's governance landscape, including the new Director Accreditation framework. At SATS, we are committed to making a positive global impact and enhancing our reach across the world responsibly and sustainably, all while staying true to our mission of feeding and connecting communities. 🌍 To learn more about our sustainability efforts, check out our Sustainability Report here: https://lnkd.in/gNDftJJs Our annual report is also available here: https://lnkd.in/eFZPmv9v

We are proud to announce that Worldwide Flight Services (WFS), a member of the SATS Group, has been recognized by BioNatur Plastics for its commitment to sustainability and honored Stephanie Peacock, Director of Sourcing & Supply in North America at WFS, with its first ‘Pioneer Award’ for inspiring the introduction of biodegradable plastic products into the global air cargo industry. Since WFS became the launch customer for BioNatur Plastics’ biodegradable stretch wrap and pallet covers for cargo shipments in North America, BioNatur has prevented the equivalent of 315 million plastic bottles or more than 600 tonnes of plastic from languishing in landfill annually. https://lnkd.in/gspiexgk

We would like to express our gratitude to NVPC - Towards a City of Good in Singapore for honouring SATS Ltd. as a 'Champion of Good' at the Company of Good Conferment 2024. SATS joins 78 companies in Singapore to receive the accolade, showcasing our commitment to driving positive change in our community. Ms. Charis Cheng, Head of Human Capital Singapore and Human Capital Business Partner Gateway APAC, accepted this award from Deputy Prime Minister Heng Swee Keat, reinforcing our dedication to social responsibility and making a difference. SATS is one of 300 organisations in Singapore that are dedicated to the Corporate Purpose framework to make meaningful impacts on People, Society, Governance, the environment, and Economy. Champions of Good, established in 2017 by  Company of Good under NVPC, honors organizations that demonstrate exceptional corporate giving and volunteerism. #COGConferment2024 #COGRecognition #CompanyofGood

SATS would like to thank our investors for attending the 51st Annual General Meeting. Our integration with WFS is progressing well, and we are now creating value for our stakeholders around the clock and around the world. Operating in over 215 locations across 27 countries, we are growing our market share in cargo and expanding our food solutions business across multiple channels. We are reinvesting capital to increase capacity, and strengthening our balance sheet through refinancing and high-grading our portfolio. Our recent restructuring of Gateway Services is a strategic move that underscores our commitment to Singapore as we expand globally. We thank Chairman Euleen Goh for her leadership since 2016 and for assuming the role of Advisor to the Chairman of SATS and welcome Irving Tan as the Independent Director and Chairman of SATS Ltd. To learn more about how we are transforming SATS into a true champion of sustainable growth, view the presentation deck of our recently concluded 51st Annual General Meeting here: https://lnkd.in/gTHRST5c #DeliveringGlobalSolutions #DelightingCustomers #SATS

SATS Ltd. announced today its proposed entry into a partnership with Mitsui & Co., Ltd. one of the largest global trading and investment companies, to develop and grow our respective food and retail solutions businesses in Asia. Stanley Goh, CEO of SATS Food Solutions, said, "SATS has developed the capacity and expertise to ideate, innovate and manufacture a wide range of high-quality, nutritious, and authentic Ready-To-Eat food products through our network of kitchens in Asia. By collaborating with Mitsui, we can leverage our partner's network and distribution channels to generate demand for a wide array of food products from our food entities and to expand our presence in key markets. We believe that our partnership will not only help spur demand for SATS' products in Asia but will also support Mitsui’s goal of providing and scaling value-added services to their customers."    Naoharu Asaumi, Managing Officer, Chief Operating Officer of Retail Business Unit, Mitsui, added, “Mitsui and SATS aim to provide food solutions to a growing market and contribute to enriching the quality of life for the communities in Asia. Combining SATS’ culinary expertise, food technology, innovation, unique product development and production capabilities to provide value-added services in Singapore with Mitsui’s global food and package procurement network, cold-chain logistics and distribution, and sales and marketing capability in each target market, we can scale this ambition.” Click on the link to find out more: https://lnkd.in/gSm5ph4u #StrategicAlliance #FoodValueChain #GlobalPartnership #Mitsui #DeliveringGlobalSolutions #DelightingCustomers

We're excited to share that Worldwide Flight Services (WFS), a member of the SATS Group, has started a three-month trial using HVO (Hydrotreated or Hydrogenated Vegetable Oil) biofuel in our airside transport fleet at Heathrow Airport. This supports SATS' ESG priorities and Heathrow's goal for zero-emission vehicles by 2030. The trial, using biofuel from Airport Energy, initially involves two vehicles. If successful, we aim to expand this across the rest of our vehicle fleet, enhancing sustainability efforts already underway, including our fully electric vans and Euro 6 compliant fleet. Paul Carmody, WFS UK Cargo MD, said: “This trial will help us determine biofuel suitability for our operations and support Heathrow’s sustainability goals.” To find out more: https://lnkd.in/ewR-jPWd #Sustainability #Biofuel #ESG #partnership