Financials Singapore Exchange Limited

Equities

Delayed Singapore S.E. Other stock markets 11:59:52 2025-06-15 pm EDT			5-day change	1st Jan Change
14.09 ^SGD	+0.64%		+0.21%	+10.60%

Jun. 10	Singapore Exchange, B3 Launch Brazilian Real Futures	MT
Jun. 09	Singapore Exchange Posts May Derivatives Daily Average Volume Of 1.3 Million Contracts	RE

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,053	1,056	1,099	1,194	1,232	1,353	1,410	1,479
Change	-	0.31%	4.08%	8.68%	3.12%	9.84%	4.26%	4.85%
EBITDA ¹	655.7	625.2	634.1	687.9	702.2	819.2	846.4	888.6
Change	-	-4.65%	1.42%	8.48%	2.09%	16.65%	3.32%	4.99%
EBIT ¹	565.8	530.7	537.4	589.5	606.4	737.1	765.7	802.5
Change	-	-6.2%	1.27%	9.69%	2.86%	21.55%	3.89%	4.8%
Interest Paid	-	-4.782	-7.384	20.84	-	-	-	-
Earnings before Tax (EBT) ¹	570.9	536.5	544.6	673.8	709	771.5	794.8	836.2
Change	-	-6.03%	1.51%	23.73%	5.22%	8.82%	3.02%	5.21%
Net income ¹	472	445.4	451.4	570.9	597.9	638.2	658.8	692
Change	-	-5.64%	1.35%	26.47%	4.73%	6.73%	3.23%	5.05%
Announcement Date	7/30/20	8/4/21	8/17/22	8/16/23	8/7/24	-	-	-

¹SGD in Million

Estimates

Fiscal Period: June	2020 Q3	2020 Q4	2021 Q1	2021 Q2
Net sales ¹	295.8	278.4	260.4	260.4
Change	-	-5.88%	-6.47%	0%
EBITDA ¹	186.2	171.6	160.8	160.8
Change	-	-7.84%	-6.31%	0%
EBIT ¹	162.9	148.8	136.3	136.3
Change	-	-8.66%	-8.41%	0%
Charge d'intérêts	-	-	-	-
Earnings before Tax (EBT) ¹	165.7	145.1	143.8	143.8
Change	-	-12.43%	-0.89%	0%
Net income ¹	137.5	121.3	119.9	119.9
Change	-	-11.78%	-1.16%	0%
Announcement Date	4/23/20	7/30/20	2/4/22	1/22/21

¹SGD in Million

Estimates

Fiscal Period: June	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	520.8	535.2	521.6	577.4	571.4	623	592.2	639.4	682.2	690.1
Change	-	2.76%	-2.54%	10.7%	-1.04%	9.02%	-4.93%	7.97%	6.69%	1.16%
EBITDA	-	-	-	-	-	353.8	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-
EBIT ¹	272.6	258.1	259.5	277.9	284.1	305.5	296.1	310.2	383.2	349.6
Change	-	-5.32%	0.54%	7.11%	2.21%	7.53%	-3.06%	4.76%	23.53%	-8.78%
Charge d'intérêts	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	287.6	-	-	-	-	-	-	-	414.5	-
Change	-	-	-	-	-	-	-	-	-	-
Net income	240	-	-	-	284.6	286.3	281.6	-	340	-
Change	-	-	-	-	-	0.63%	-1.66%	-	-	-
Announcement Date	1/22/21	8/4/21	2/4/22	8/17/22	2/8/23	8/16/23	1/31/24	8/7/24	2/5/25	-

¹SGD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-907	-1,060	-303	-1,033	-998	-1,204	-1,399	-1,649
Change	-	-16.87%	71.42%	-240.92%	3.39%	-20.63%	-16.2%	-17.87%
Announcement Date	7/30/20	8/4/21	8/17/22	8/16/23	8/7/24	-	-	-

¹SGD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	34.63	45.28	44.15	54.3	64.57	71.96	77.2	80.43
Change	-	30.78%	-2.5%	23%	18.9%	11.44%	7.29%	4.18%
Free Cash Flow (FCF) ¹	589.5	507.7	539.4	392.4	551.2	609	623.2	658.2
Change	-	-13.89%	6.25%	-27.25%	40.48%	10.48%	2.34%	5.61%
Announcement Date	7/30/20	8/4/21	8/17/22	8/16/23	8/7/24	-	-	-

¹SGD in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	62.29%	59.2%	57.7%	57.59%	57.01%	60.55%	60.01%	60.09%
EBIT Margin (%)	53.75%	50.26%	48.9%	49.36%	49.23%	54.48%	54.29%	54.27%
EBT Margin (%)	54.23%	50.8%	49.55%	56.41%	57.57%	57.03%	56.35%	56.55%
Net margin (%)	44.84%	42.18%	41.07%	47.8%	48.54%	47.17%	46.71%	46.8%
FCF margin (%)	56%	48.07%	49.08%	32.85%	44.75%	45.02%	44.19%	44.51%
FCF / Net Income (%)	124.9%	113.98%	119.49%	68.73%	92.19%	95.43%	94.61%	95.11%
Profitability
ROA	19.62%	15.68%	13.29%	14.96%	15.4%	14.93%	14.79%	14.55%
ROE	40%	33.99%	31.16%	35.18%	32.67%	30.78%	28.59%	27.13%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	3.29%	4.29%	4.02%	4.55%	5.24%	5.32%	5.47%	5.44%
CAPEX / EBITDA (%)	5.28%	7.24%	6.96%	7.89%	9.19%	8.78%	9.12%	9.05%
CAPEX / FCF (%)	5.87%	8.92%	8.19%	13.84%	11.71%	11.82%	12.39%	12.22%
Items per share
Cash flow per share ¹	0.5806	0.5096	0.5282	-	-	0.58	0.622	-
Change	-	-12.23%	3.65%	-	-	-	7.24%	-
Dividend per Share ¹	0.305	0.32	0.32	0.325	0.345	0.3679	0.3871	0.4114
Change	-	4.92%	0%	1.56%	6.15%	6.63%	5.24%	6.26%
Book Value Per Share ¹	1.16	1.3	1.45	1.59	1.79	1.981	2.207	2.451
Change	-	12.07%	11.54%	9.66%	12.58%	10.67%	11.4%	11.08%
EPS ¹	0.441	0.416	0.422	0.534	0.559	0.5916	0.6147	0.6456
Change	-	-5.67%	1.44%	26.54%	4.68%	5.84%	3.89%	5.04%
Nbr of stocks (in thousands)	1,068,979	1,068,890	1,067,985	1,067,988	1,068,647	1,068,906	1,068,906	1,068,906
Announcement Date	7/30/20	8/4/21	8/17/22	8/16/23	8/7/24	-	-	-