Slide 1: Investor Presentation - Issuer Free Writing Prospectus
Investor Presentation Issuer Free Writing Prospectus dated, February 28 , 2023 Filed Pursuant to Rule 433 of the Securities Act of 1933, as amended Relating to Preliminary Prospectus dated February 17 , 2023 Registration Statement No. 333 - 267367 Shengfeng Development Limited
Slide 2: Free Writing Prospectus Statement
2 This free writing prospectus relates to the proposed public offering of Class A Ordinary Shares (“Class A Ordinary Shares”) of Shengfeng Development Limited (“we”, “us”, or “our”) and should be read together with the Registration Statement we filed with the U . S . Securities and Exchange Commissi
Slide 3: Forward-looking statements
This presentation contains forward - looking statements that reflect our current expectations and views of future events . You can identify some of these forward - looking statements by words or phrases such as "may," "will," "should," "expect," "anticipate," "aim," "estimate," "intend," "plan," "be
Slide 4: Offering Summary
Issuer Shengfeng Development Limited Securities Class A Ordinary Shares Offering Type Initial Public Offering Proposed Listing/Symbol Nasdaq Capital Market: SFWL Ordinary Shares Offered 3,000,000 Class A Ordinary Shares, or 3,450,000 Class A Ordinary Shares if the Underwriter exercises its over - al
Slide 5: Corporate Structure
Corporate Structure See offering documents for further risks and disclosures. There is no guarantee that any specific outcome will be achieved. I nve stments may be speculative, illiquid and there is a risk of loss. 5 Shengfeng International Limited BVI, 2020 Other Minority Shareholders Public Share
Slide 6: Company Overview
Began operations in 2001, we are a contract logistics company in China providing our customers with integrated logistics solutions. Company Overview See offering documents for further risks and disclosures. There is no guarantee that any specific outcome will be achieved. I nve stments may be specul
Slide 7: Operation Scale
Operation Scale 7 35 Regional Sorting Centers* 22 Cloud Order Fulfillment Centers* 600+ Self - owned Trucks and Vehicles 42 Service Outlets* 40,000+ Transportation Providers* 1500+ Employees* 2,444,000 sq. ft. Storage Space* See offering documents for further risks and disclosures. There is no guara
Slide 8: Financial Highlights
164,292 166,538 287,464 346,699 1H2021 Unaudited 1H2022 Unaudited FY2020 FY2021 Revenue (in USD thousands) 18,818 18,242 35,975 41,345 1H2021 Unaudited 1H2022 Unaudited FY2020 FY2021 Gross Profit (in USD thousands) 1,671 2,455 6,043 6,644 1H2021 Unaudited 1H2022 Unaudited FY2020 FY2021 Net Income (i
Slide 9: Fast-Growing Market
627.1 677.3 754.1 881.5 1005.8 1154.9 1112.6 1253.4 1401.8 1550.8 1709.9 2014 2015 2016 2017 2018 2019 2020E 2021E 2022E 2023E 2024E Market Size of Contract Logistics, China, 2014 - 2024E (In RMB Billion) CAGR:13.0% CAGR:8.2% 499.4 529.2 578.1 661.9 740.6 832.6 784.2 867.6 952.8 1036.2 1123.0 2014 2
Slide 10: Competitive Strengths
Contract Logistics Service Provider with Established Operating History in China Operational Efficiency Driven by Detailed Operational Guidelines Scalable Integrated Network Model Extensive and Growing Ecosystem Superior Service Quality Experienced Management Team with a Proven Track Record Competiti
Slide 11: Growth Strategies
Broaden Our Service Offering s Further Strengthen Our Nationwide Transportation Networks Enhance Our Technology Platform and Infrustructure Pursue Strategic Alliances and Acquisition Opportunities • Brand recognition • Company image • Value propositions • Economies of scale • New clients • More freq
Slide 12: Competitive Landscape
Top 10 B2B Independent Contract Logistics Companies China, 2019 Rank Company Revenue (RMB Billion) Market Share 1 SINOTRANS 20.7 2.5% 2 Changjiu Logistics 5.5 0.7% 3 Kerry EAS Logistics 4.6 0.6% 4 CJSpeedEX 3.7 0.4% 5 Yuanfu Logistics 2.5 0.3% 6 P.G.Logistics 2.5 0.3% 7 Putian Logistics 2.5 0.3% 8 H
Slide 13: Our Services
Cloud Storage Services Value - added Services Freight Transportation Services • FTL Freight Transportation • LTL Freight Transportation • Warehouse Management • In - warehouse Processing • Order Fulfillment • Collection on Delivery • Customs Declaration • Delivery Upstairs • Packaging • Pay - at - a
Slide 14: Freight Transportation Services
LTL FTL Senders Warehouse Factories Shops Service outlets Regional sorting centers Destination regional sorting centers Service outlets Recipients Pickup Sorting and Transportation Delivery Shengfeng/Transportation Providers Shengfeng/Transportation Providers Shengfeng/Transportation Providers Clien
Slide 15: Cloud Storage Services
• Differ from traditional warehouses x Direct order fulfillment and dispatch operations x Storage • 22 Cloud Order Fulfillment Centers across China* • 2,444,000 square feet storage area* • Connect to our information systems • Constantly monitor the service quality Services Provided with Cloud OFCs C
Slide 16: Value-Added Services
Collection on Delivery Services Customs Declaration Services Delivery Upstairs Services Packaging Services Pay - at - arrival Services Return Proof of Delivery Shipment Protection Value - Added Services See offering documents for further risks and disclosures. There is no guarantee that any specific
Slide 17: Network and Infrastructure
Regional Sorting Centers • 35 regional sorting hubs in China*. • Locations selected based on multiple factors. • Designed in a uniform manner. • Efficiency of the entire network prioritized during route planning. Line - haul & Short - haul Transportation Network • 600 line - haul and short - haul ro
Slide 18: Our Ecosystem: Clients and Transportation Providers
Industry Percentage Manufacturing 16.20% Fast Moving Customer Goods 16.04% Publishing 6.39% TOTAL 38.63% Six Months Ended June 30 Fiscal Years Ended December 31 2022 2021 2021 2020 Owner - operators of a single truck (#) 21,164 18,155 35,224 38,992 Private fleets (#) 25 44 54 91 Large trucking compa
Slide 19: Technology Infrastructure: Transportation Management System
• Individual profile for each service provider required • Store all corporate records and material information • Monitor real - time status and location • Track shipments by third - party transportation providers • Automatic routing calculation • GPS trackers synchronized with Shengfeng TMS • Integr
Slide 20: Technology Infrastructure: Warehouse Management System
Shengfeng Warehouse Management System （ WMS ） Storage Location Management Order Management “First - In, First - Out” Management Bar Code Management and Tracking Order and Operation Review Storage Management Effectively monitor the capacity of our warehouses on a real - time basis and track each and
Slide 21: Branding and Marketing
Customer Acquirements Constantly Improving Marketing Strategies Recognitions AAAAA Information Updates Brand Awareness • Outstanding logistics company by CCTA • Top 10 AAAAA class logistic company CFLP in 2018 • Top 100 logistics company by CCTA in 2016 and 2018 • 32/50 privately - owned logistics c
Slide 22: Management Team
Management Team Yongxu Liu Chief Executive Officer, Director, President and Chairman • Mr . Li u has been our Chief Executive Officer , President, and C hairman since May 20 , 2021 and D irector since July 16 , 2020 . • Mr . Liu is the founder of Shengfeng Logistics and has served as its C hairman a
Slide 23: Board of Directors
Board of Directors See offering documents for further risks and disclosures. There is no guarantee that any specific outcome will be achieved. I nve stments may be speculative, illiquid and there is a risk of loss. 23 Dan Liu Independent Director Appointee* Wen Li Independent Director Appointee* • M
Slide 24: Contact
Issuer Shengfeng Development Limited Email: ir@sfwl.com.cn Tel: +86 - 591 - 83619860 Address: S hengfeng Building, No. 478 Fuxin East Road Jin’an District, Fuzhou City , Fujian Province, China, 350001 Underwriter Univest Securities, LLC Edric Guo CEO Email: info@univest.us Tel: + 1 212 - 343 - 8888