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T H E E - L I S TT H E E - L I S Tstengg.com is the website of the Group and is also afirst B2B e-commerce portal with special emphasisconvenient access route to information on the fouron the aerospace industry of the Asia Pacific region.constituent sectors. For anyone who wants tobrowse and obtain a general picture of the Group’sactivities or to search for specific facts about a sector,this is the place to go. juzclickcal.com is a B2Bportal designed for calibration customers. It can beused to schedule, monitor and maintain inventorylists, place orders and reach out to more potentialcustomers. The main feature of juzclickcal.com isthe eQuipTrack module, an inventory managementsystem. Among other things, our customers can usethis to access our database and check on the currentstatus of any job that we are doing for them.juzclickcar.com is a portal for the sale and purchaseof certified used cars. Services providedinclude finance, insurance, vehicle certification andonline trading. juzclickcar.com.sg will soon have asister site in Malaysia (juzclickcar.com.my), followingthe signing of an MOU between STA Inspectionand Pusat Pemeriksaan Kenderaan BerkomputerSdn Bhd (PUSPAKOM). juzcliksource.com/tm aprivate marketplace to enhance our procurementprocesses towards an integrated and seamlesse-Supply Chain Management system. It went ‘live’on 13 December; buyers were able to transact RFQswith suppliers via the Internet. ishopaero.com isbeing built by ST Aero and iMerchants Ltd as theand implement an optimised SCMsystem within ST Engg.The projectwill take us through the processes ofidentifying the different types ofmaterials, goods and services we buyand integrating more of our back endoperations to the front end.We have been managing thetransformation and integration ofour legacy system at the back end,while tapping into global tradeexchanges for wider options andgreater economies of scale at thefront end. Global access to sourcesof supplies has helped to bring downcosts and in some cases, establishstrategic relationships with originalequipment manufacturers.To truly realise the benefits ofe-procurement, we have set a targetover the next two years of puttingS$150-200 million of our customengineeredproducts and servicesthrough online reverse auction.Wehave signed a three-year agreementwith Freemarkets to do this.A web-enabled SCM willundoubtedly strengthen the globalreach of both our customers’ andsuppliers’ bases as the consolidationof the latter takes place.ENTERPRISEMANAGEMENTIn April, we launched a new internalST Engg portal. It is used tofoster community building withinST Engg and to generate e-literacyand interest in the Group. In additionto a chat room and a forum,there is a CEO corner that providesa direct link for all employees tothe CEO.An information and news tool keepsthe ST Engg community updated oncurrent activities within the Groupand in the international arena.Games and educational tools are alsoincorporated. Staff are encouraged toaccess this site and to become activeInternet users.This is but the first step in ourquest to build knowledge-managementwithin the Group. Next, weAN E-SAMPLING:The Group has developed a variety ofwebsites to reach out to both new andexisting customers.will develop data and knowledgemining e-processes that can providesynthesised information that is fullyaccessible to all staff.We firmlybelieve that a learning culture iscrucial to our ability to keep upwith the changes in technology andbusiness models, and will continueto look for ways to facilitate andencourage learning within ourworkforce. As we work towardsour vision of a world-class engineeringGroup, we need to remainkeenly aware of global competitionand competitiveness and to recognisethat global networking isinevitable.We have provided a programmeof Internet training to further thefamiliarity of staff with the Internetand accustom them to its use; thiswill be stepped up in the comingyear.We will organise quizzes,competitions and fun activities toencourage greater interest in usingthe Internet for practical purposes.We have also given each employeeup to S$2,900 for the purchase ofa computer or computer-relatedproducts this year.We have recently started e-HR(human resource), an initiative tobuild a HR system on the net.Thesystem will serve to provide quickand convenient access to personneldata and effective personaladministration processing.We also harness technology as atool to help us improve ourproductivity. One example is theimplementation of Aero book, ahandheld tool facilitating the workof the licensed aircraft engineeron-board the aircraft.This conceptcan be expanded to other businessareas within the Group.The future of e-business promisesgreater convenience, efficiency andchange as newer and more intriguingtechnologies emerge.While we cannever be too certain of the eventualform, we are sure that when thesechanges occur, our people will beready to face them.It will enable buyers to reach a wider range ofpotential suppliers than before and identify the mostattractive sources of materials. e-sasco.com,staengineering.com, staengines.com,stasystems.com, stasupplies.com, and edc.com areall specially tailored websites launched by ST Aero.They provide customers with online secured,up to date access to maintenance status and otherwork process databases. e-stmarine.com is thecustomer website of ST Marine. It gives themup to date information on their respective shipbuilding,shiprepair and shipconversion projects, as wellas the latest news from the yards. Three productwebsites of ST Kinetics, launched respectively inAugust, September and October are: bx-ifv.com,a one-stop site for the essential information on theBionix. News, pictures, brochures, videos,technical specifications can all be found here.sar-21.com is the site that offers up to date informationon the SAR 21 and its variants. Customers mayread about its development, download brochuresand view videos on this one-stop site. opel.com.sgbrings ST Kinetics closer to its Opel customersthrough facilities such as e-booking of serviceappointments and an array of online products andaccessories information.e-structuring • 31
investor relationsby shirley tanI N V E S T O RC A L E N D A Rm o r e f o r y o uJAN 25 TO 26 Press & Analysts’ Briefingsfor FY 1999 ResultsYEAR ON YEAR, THE IMPRESSIVE RESULTS THAT ST ENGGproduces for our investors have testified to the Group’sstrength.This has done much to win their confidence, but tous, this was never enough.We believe that a vital part ofbuilding the confidence of investors in us is to show that wehave confidence in them.MORE INFORMATION:NEWSFLOWWe do this by being as open as wecan be about our activities, our plansand our results.We regularlyannounce our plans for expandingour business and provide news aboutour investments and major projects.We spell out their significance so thatour investors are able to obtain agood picture not only of what we aredoing, but why we are doing it andthey are then better placed to assessour progress.The cumulative resultof this flow of information is thatinvestors are able to gain a strongOUR FREQUENT INTERACTIONS with investors and analysts allow us to provide timelyupdates on the Group’s performance and activities.sense of the robustness of our fouroperating business units.This representsadded value to our shareholders.MORE FREQUENT:QUARTERLY RESULTSSuch news releases only provide apartial picture of ST Engg’s performance,rather like scenes from a play.Investors also want to know aboutthe overall performance of theGroup, and we believe we shouldsupply information more frequently,in addition to the annual report.When the Group was established,we began by preparing reports summarisingour activities and resultson a half yearly basis.Then we startedto provide quarterly reportsbeginning from 1Q 1998.When wefirst did so, we did not give a breakdownof SBA results in the first andthird quarters, but now we do: Forevery quarter, we provide full resultsfor the Group as a whole and for itsfour constituent operating businessunits. By 1Q 1999, we had press andanalysts’ briefings for our results on aquarterly basis.MORE SPEEDYOur results announcements used tobe scheduled for the very end of themonth after the reporting period;then became the second week. Forfinancial year 2000, we released ouraudited results within 10 days afterthe year ended.MORE CONTACTSRegular face-to-face meetings andcontacts are a further means tobuild good relations with investors.On average, we make presentationsat three investor conferences a year,usually in Hong Kong, London andNew York, where most of ourshareholders are based. Over thelast two years, we also went on twoglobal road shows to stay in touchwith our shareholders. All thesewere in addition to our ongoingone-on-one meetings and teleconferences.MORE DEPTH:SECTORAL BRIEFINGSDuring 2000, we held four sectoralbriefings for analysts to get a feel ofour various operations.The analystsnot only got to tour our facilities toappreciate the operations better butalso had an opportunity to try ournew products. Most importantly,they had the chance to mingle withour operational managers and getfirst hand information on ouroperations.On the Internet, investors canvisit ST Engg’s Investor Relationswebsite at their convenience. Itprovides a wealth of information,including our annual reports, financialdata and results, a financialcalendar which indicates significantdates, such as those when results willbe released, and details of analystswho make assessments of the Group.It also offers contact details forthe Group and the four sectors, sothat investors can pinpoint for themselvesthe best person to approachwith any query they might haveabout aspects of its performance.OUR INVESTOR RELATIONS homepage onthe corporate website provides investorsaccess to updated information.RECOGNITIONAll these efforts were paid off withthe Group winning several awardsduring the year.This includes theMost Transparent Company (OverallWinner – Golden Circle Award)received in July.This award is givento the company which the SecuritiesInvestors Association of <strong>Singapore</strong>judges to be the most transparent inthe country.Financial Intelligence Asia (FIA)magazine conducted a survey of Asiabasedanalysts and investors to findout which, in their view, were thebest and worst corporate websites inthe region.The respondents were to“determine which listed companiesin Asia have mobilised the Internetbest to serve the needs and requirementsof the investment community.”This resulted in ST Engg winning theFIA Best Investor Relations WebsiteAward in the Infrastructure/Manufacturing Sector.We believe that the Group hasbeen able to effectively establishinvestors’ commitment through ouron-going efforts in providing timelyand informative updates on its performance,activities and future plansthroughout the year.This is importantin underpinning our long-termgrowth, and our efforts to be more‘transparent’ to the investors.FEB 24 Analysts’ Tea at Asian Aerospace 2000MAR 14 Release of Annual Report 1999MAR 24 Analysts’ Sectoral Briefing – ST KineticsMAR 31 Annual General MeetingAPR 14 Press & Analysts’ Briefings for 1Q 2000 ResultsAPR 17 TO 18 Presentation at Merrill Lynch AsiaPacific Conference (London)MAY 15 TO 19 CLSA Investors’ Forum Hong KongMAY 26 Analysts’ Sectoral Briefing – ST AeroJUN 22 Analysts’ Sectoral Briefing – ST ElectJUL 13 Extraordinary General Meeting – Share PlansJUL 14 Press & Analysts’ Briefings for 1H 2000 ResultsJUL 26 TO 27 Road Show – Hong KongSEP 8 Analysts’ Sectoral Briefing – ST MarineSEP 28 TO OCT 7 Road Show – USOCT 4 TO 6 Chase JF – 6th Asia Conference (New York)OCT 12 Press & Analysts’ Briefings for 3Q 2000 ResultsOCT 16 TO 20 Road Show – EuropeNOV 23 Extraordinary General Meeting – Share Plans32 • vision
Page 1 and 2: S I N G A P O R E T E C H N O L O G
Page 4 and 5: editor’s noteC O N T R I B U T O
Page 6 and 7: “Opportunities Abound forNiche Pl
Page 8 and 9: Helping OthersLADY WHO MAKESA DIFFE
Page 10 and 11: NOV29 DECS$2.79JANJUNJULAUGOCTYEAR
Page 12 and 13: Turnover (S$ million)Profit before
Page 14 and 15: ECONOMIC VALUE ADDED STATEMENTS (S$
Page 18 and 19: It was a good year for ST Engg, wit
Page 20 and 21: GROUP TURNOVER INCREASED FROM S$1.7
Page 22 and 23: THE NEXTSTEPSvision chats with ST E
Page 24 and 25: We must take globalisation seriousl
Page 26 and 27: B O A R D • O F •D I R E C T O
Page 28 and 29: D I R E C T O R S• AEROSPACE• E
Page 30 and 31: T H E • S E N I O RM A N A G E M
Page 32 and 33: M A N A G E M E N Thuman resource b
Page 34 and 35: O U R U S T H R U S TALL SYSTEMS GO
Page 36 and 37: WE HAVE GOOD REASONSto be pleased w
Page 38 and 39: AEROSPACE CUSTOMER TALKAIR VICE MAR
Page 40 and 41: R E : V I E WElectronicsBy Seah Moo
Page 42 and 43: P A R T N E R SFORMING PARTNERSHIPS
Page 44 and 45: The ATTC created a splash when it w
Page 46 and 47: LAND SYSTEMS CUSTOMER TALKMARINE CU
Page 48 and 49: MARINE CUSTOMER TALKCruise vessel r
Page 50 and 51: GROUP FINANCIAL PERFORMANCE1. ACQUI
Page 52 and 53: TRANSFERS TO OR FROM RESERVES AND P
Page 54 and 55: RELATED CORPORATIONSHOLDINGS IN THE
Page 56 and 57: The SGX’s Listing Manual requires
Page 58 and 59: BALANCE ASAT 1.1.2000 BALANCE NO. O
Page 60 and 61: BALANCE SHEETSAS AT 31 DECEMBER 200
Page 62 and 63: STATEMENTS OF CHANGES IN EQUITY (co
Page 64 and 65: NOTES TO THE FINANCIAL STATEMENTS31
Page 66 and 67:
Included in the share capital is a
Page 68 and 69:
8. FIXED ASSETS (cont’d)THE GROUP
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EFFECTIVE EQUITYINTEREST HELDBY THE
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COUNTRY OF INCORPORATION/NAME OF SU
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PROVISION FOR DIMINUTION IN VALUE O
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(b) Details of joint ventures are a
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13. STOCKS AND WORK-IN-PROGRESS14.
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20. DUE FROM RELATED CORPORATIONS21
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Lease terms do not contain restrict
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GROUPCOMPANY2000 1999 2000 1999NOTE
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GROUP2000 1999NUMBER OF SHARES (’
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45. SEGMENT INFORMATION (cont’d)L
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their audit to the independent dire
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SINGAPORE TECHNOLOGIES ENGINEERING
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AEROSPACE SECTOR VALUE ADDED STATEM
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ELECTRONICS SECTOR BALANCE SHEETSEL
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international recognition as a majo
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REVIEW OF FINANCIAL PERFORMANCE - M
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MARINE SECTOR FINANCIAL HIGHLIGHTS1
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SINGAPORE TECHNOLOGIES KINETICS LTD
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Professor Lui Pao Chuen is the Chai
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Contacte-mailContacte-mailASSOCIATE
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MARINE SECTORASSOCIATED COMPANIESNO
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PROXY FORMSINGAPORE TECHNOLOGIES EN
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end page• AEROSPACE• ELECTRONIC
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