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Net Portfolio Value (S$b)
Investments & Divestments (S$b)
Portfolio by Geography (%)
S$ Total Shareholder Return (%)
Rolling S$ Total Shareholder Return (%)
Dividend Income (S$b)
Global Exposure (%)
Geography (%)
Sector (%)
Liquidity (%)
Currency (%)
Single Name (%)
10-year Simulation of Group Net Profit 2009-2018 (S$b) with and without Unrealised Gains or Losses of Sub-20% Investments
Delivering Sustainable Returns over the Long Term
Temasek Net Portfolio Value since Inception
Relation between Net Portfolio Value and Total Shareholder Return
S$ Total Shareholder Return (%)
Illustration of Fundamental Earnings Impact
VIX Trend (March 2005 to March 2019)
Simulation of 12-month Forward Portfolio Returns
Volatility of Returns
Economic Scenario Pathing (Illustrative)
Likelihood of Geometric Returns (Compounded Annualised) at the End of 20-year Period, by Portfolio Mix
Likelihood of Year-to-year Annual Returns during 20-year Period, by Portfolio Mix
Likelihood of Geometric Returns (Compounded Annualised) at the End of 20-year Period, by Potential Scenario
Likelihood of Year-to-year Annual Returns during 20-year Period, by Potential Scenario
US Equity Rolling 20, 30 and 50-year Returns over Time (Compounded Annualised)
Key Recurring Income vs Debt Maturity Profile (S$b)
Key Credit Parameters (in S$ billion)
Dividend Income over Interest Expense (x)
Recurring Income over Interest Expense (x)
Net Portfolio Value over Total Debt (x)
Liquid Assets over Total Debt (x)
Recurring Income over Total Debt due in One Year (x)
Liquidity Balance over Total Debt due in next 10 Years (x)
Temasek Bonds - Maturity Profile and Coupon
Average Annual Corporate Default Rates: 1999 - 2018 (%)
Interest Rate Risk
Illustration of Wealth Added
Rolling S$ Total Shareholder Return (%)
WA Incentives of Key Team
Our MERITT Values
Our Staff by Nationality
Our Staff by Age
Our Staff by Tenure
Protection of Temasek's Past Reserves
Enabling a Better World
Fostering Stewardship and Governance
Our Major Investments
Group Income Statements
Group Balance Sheets
Group Cash Flow Statements
Group Statements of Changes in Equity