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Corporation
FOOD & BEVERAGES | Food Service
sats.com.sg

Investments

4

Portfolio Exits

1

Partners & Customers

10

About SATS

SATS (SGX: S58) offers a range of ground handling services to handle passengers, flights, and cargo. It caters to the needs of the aviation sector and a host of other businesses in hospitality, food, healthcare, freight, and logistics industries besides governments. The company was founded in 1972 and is based in Singapore.

Headquarters Location

20 Airport Boulevard SATS Inflight Catering Centre 1

819659,

Singapore

+65 6542 5555

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Latest SATS News

SATS launches workshops to help suppliers go green

Sep 22, 2023

It offers training on the sources of emissions and how suppliers can abate their emissions. SATS has introduced supplier engagement workshops, with the goal of increasing understanding and tracking of sustainability practices with each supply chain partner. The workshops offer training in foundational learning on the sources of emissions, climate fundamentals, and how suppliers can apply abatement levers in their businesses and eventually SATS’ supply chain. The course also covers climate fundamentals, regulations, and trends, including the business case for decarbonisation. To start, SATS launched the first series of workshops in April 2023 with the support of the United Nations Global Compact Network Singapore (GCNS) and Enterprise Singapore (EnterpriseSG) to upskill more than 85 suppliers, most of whom are small and medium-sized businesses. Through this, SATS says that it can better address Scope 3 emissions, which account for up to 81% of its total output, and of which 67% are from the procurement of goods and services. SATS has been operating in Singapore for more than five decades and has established long-standing partnerships with many of its suppliers. “We realise that our suppliers who wish to start their decarbonisation journey need assistance,” said Spencer Low, SATS’ chief sustainability officer. Their suppliers are in different stages of their journey to become more sustainable, and their investments in time, people and training will not only help them become more resilient as a business, but also accelerate their decarbonisation journey, Low noted. “As the aviation industry’s momentum returns, the participation of our partners in these workshops and the programme will catalyse positive change and unlock the supply chain’s full potential because we share the same aspirations to be a force for good,” Low added.

SATS Investments

4 Investments

SATS has made 4 investments. Their latest investment was in Nanjing Weizhou Airline Food as part of their Corporate Minority on July 7, 2019.

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SATS Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/23/2019

Corporate Minority

Nanjing Weizhou Airline Food

$18.75M

Yes

1

11/24/2018

Corporate Minority - III

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$99M

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10

3/8/2018

Corporate Minority - II

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10

12/28/2016

Corporate Minority

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$99M

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10

Date

7/23/2019

11/24/2018

3/8/2018

12/28/2016

Round

Corporate Minority

Corporate Minority - III

Corporate Minority - II

Corporate Minority

Company

Nanjing Weizhou Airline Food

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Amount

$18.75M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

SATS Portfolio Exits

1 Portfolio Exit

SATS has 1 portfolio exit. Their latest portfolio exit was Brahim's SATS Investment Holdings on July 13, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/13/2022

Shareholder Liquidity

Brahim's SATS Investment Holdings

$99M

1

Date

7/13/2022

Exit

Shareholder Liquidity

Companies

Brahim's SATS Investment Holdings

Valuation

$99M

Acquirer

Sources

1

SATS Acquisitions

5 Acquisitions

SATS acquired 5 companies. Their latest acquisition was Promontoria on January 30, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/30/2023

$99M

Acquired

1

9/28/2022

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$99M

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10

6/10/2021

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$99M

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10

3/2/2020

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$99M

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10

9/5/2019

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$99M

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10

Date

1/30/2023

9/28/2022

6/10/2021

3/2/2020

9/5/2019

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

10

10

SATS Partners & Customers

10 Partners and customers

SATS has 10 strategic partners and customers. SATS recently partnered with Sembcorp Industries on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/29/2019

Partner

Singapore

SATS and Sembcorp Form Sustainability Partnership to Green Operations.

As part of this partnership , SATS Ltd. and Sembcorp Industries will also explore trucking liquefied natural gas to SATS Ltd. and regasifying it to power boilers in both SATS Ltd. ' inflight catering centres at Changi .

1

10/29/2019

Partner

Singapore

Tue, Oct 29, 2019 - 2:25 PM. SATS, Sembcorp join hands for green push, starting with solar energy systems, Companies & Markets - THE BUSINESS TIMES

The partnership is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries and SATS , for the financial year ending Dec 31 , 2019 and March 31 , 2020 respectively , they added .

1

9/15/2019

Partner

Germany

Sats and DHL sign MOU to create offerings for airlines to better manage supply chain

Sats executive vice president for food solutions Kerry Mok said on Friday -LRB- Sept 13 -RRB- : `` Our partnership with DHL extends our global reach through reliable third-party logistics , allowing us to partner with airlines across their entire flight network '' .

3

9/13/2019

Partner

Germany

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10

7/25/2019

Partner

France

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10

Date

10/29/2019

10/29/2019

9/15/2019

9/13/2019

7/25/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Singapore

Singapore

Germany

Germany

France

News Snippet

SATS and Sembcorp Form Sustainability Partnership to Green Operations.

As part of this partnership , SATS Ltd. and Sembcorp Industries will also explore trucking liquefied natural gas to SATS Ltd. and regasifying it to power boilers in both SATS Ltd. ' inflight catering centres at Changi .

Tue, Oct 29, 2019 - 2:25 PM. SATS, Sembcorp join hands for green push, starting with solar energy systems, Companies & Markets - THE BUSINESS TIMES

The partnership is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries and SATS , for the financial year ending Dec 31 , 2019 and March 31 , 2020 respectively , they added .

Sats and DHL sign MOU to create offerings for airlines to better manage supply chain

Sats executive vice president for food solutions Kerry Mok said on Friday -LRB- Sept 13 -RRB- : `` Our partnership with DHL extends our global reach through reliable third-party logistics , allowing us to partner with airlines across their entire flight network '' .

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Sources

1

1

3

10

10

SATS Team

4 Team Members

SATS has 4 team members, including former Chief Executive Officer, President, Alex Hungate.

Name

Work History

Title

Status

Alex Hungate

Chief Executive Officer, President

Former

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Name

Alex Hungate

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Work History

Title

Chief Executive Officer, President

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Status

Former

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