Memiontec Holdings Ltd. · SGX:TWL
Memiontec — Non-Deal Roadshow (July 2022)
39 slides from Memiontec's roadshow presentation, July 2022
Slide 1: Corporate Presentation July 2022
©2022 Memiontec I Private & Confidential P R E F E R R E D PA R T N E R for Water & Wastewater Solutions Corporate Presentation July 2022 © Memiontec 2022 I Private & Confidential
Slide 2: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. FINANCIAL HIGHLIGHTS 3. MARKET DEMAND & INDUSTRY PROSPECTS 4. BUSINESS PRESENCE 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 3: Market capitalisation has increased ~500% since IPO
©2022 Memiontec I Private & Confidential Memiontec’s Market Capital has increased ~500% since its IPO Listing on 5 March 2020 IPO price: S$0.225 S$0.38 (after 1-into-3 stock split, effective on 24 May 2022) Closing Share Price as at 1 July 2022 30 Aug 2021: Awarded 2 new SGX stock code: SGX:TWL tend
Slide 4: Increasing Dividend Payout Since IPO
©2022 Memiontec I Private & Confidential Memiontec: Increasing Dividend Payout Since IPO At IPO After IPO 25%* 30%* 20%* FY2019 FY2020 FY2021 S$0.00209 S$0.00185 per share per share S$0.00115 per share *Dividend payout % computed based on Dividends over Net Profit Attributable to the Owners of the C
Slide 5: Overview: MIT at a Glance
©2022 Memiontec I Private & Confidential OVERVIEW MIT AT A GLANCE Company Memiontec Holding Ltd. Is a Singapore-based one-stop total solution water treatment company with close to 30 years of experience in water and wastewater management services in Singapore, Indonesia and PRC Company Memiontec dev
Slide 6: Corporate Milestones MIT by Years
©2022 Memiontec I Private & Confidential CORPORATE MILESTONES MIT BY YEARS Commenced works for 2nd Commissioned 1st BOOT at Pekan 11 13 BOOT project Baru Awarded $33.2M Completed contract by PUB – Project TSDP Upgraded to ME11 L5 Built award-winning Tuas South Commenced Expanded BCA contractor Semak
Slide 7: Technology-Driven Innovations, ESG & Eco Focused
©2022 Memiontec I Private & Confidential TECHNOLOGY-DRIVEN INNOVATIONS ESG & ECO FOCUSED Pure / Ultrapure water Meet local government Waste Water quality discharge water requirement FEED CUSTOMERS SOURCE • Agro • Power Plant Rivers • Real Estate Lakes • Pulp & Paper Wells • Food & Beverage Wastewate
Slide 8: End-to-End Service Provider
©2022 Memiontec I Private & Confidential END-TO-END SERVICE PROVIDER
Slide 9: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. FINANCIAL HIGHLIGHTS 3. MARKET DEMAND & INDUSTRY PROSPECTS 4. BUSINESS PRESENCE 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 10: Profit or Loss: 5-Year Highlights
©2022 Memiontec I Private & Confidential PROFIT OR LOSS : 5-YEAR HIGHLIGHTS CONSISTENT GROWTH (FY : Financial Year) KEY FINANCIALS (in S$’million, unless indicated) FY2017 FY2018 FY2019 FY2020 FY2021 Key Insights Revenue 20.8 24.5 29.3 34.6 45.6 Memiontec revenue Gross Profit 3.9 7.2 4.5 5.1 6.3 has
Slide 11: Revenue CAGR & Revenue Mix
©2022 Memiontec I Private & Confidential REVENUE CAGR & REVENUE MIX REVENUE CAGR REVENUE BY COUNTRY 50 45 FY2 0 2 1 31.6 14.0 - 45.6 40 35 FY2 0 2 0 27.8 6.5 0.3 34.6 30 29.3 25 FY2 0 1 9 22.9 6.0 0.4 24.5 20 20.8 15 FY2 0 1 8 9.7 14.1 0.7 10 Singapore 5 FY2 0 1 7 17.0 3.7 0.1 Indonesia Others 0 FY2
Slide 12: Segmental Performance Revenue & Operating Profit
©2022 Memiontec I Private & Confidential SEGMENTAL PERFORMANCE REVENUE & OPERATING PROFIT REVENUE FY2017 FY2018 FY2019 FY2020 FY2021 (in S$’m, unless indicated) ❑ TSEPC 18.2 19.8 19.6 27.7 41.6 ❑ OMS 1.4 3.0 8.4 6.2 3.4 ❑ Trading and Sales of Water 1.2 1.7 1.3 0.7 0.6 Revenue 20.8 24.5 29.3 34.6 45.
Slide 13: Balance Sheet: 5-Year Highlights
©2022 Memiontec I Private & Confidential BALANCE SHEET : 5-YEAR HIGHLIGHTS STRONG BALANCE SHEET KEY FINANCIALS (in S$’million, unless indicated) FY2017 FY2018 FY2019 FY2020 FY2021 Key Insights Revenue 20.8 24.5 29.3 34.6 45.6 Memiontec Total Gross Profit 3.9 7.2 4.5 5.1 6.3 Assets has increased by 2
Slide 14: Total Assets and Net Assets
©2022 Memiontec I Private & Confidential TOTAL ASSETS AND NET ASSETS TOTAL ASSETS NET ASSETS PER SHARE (NAV per share is computed based on Equity Attributable to the Owners of the Total Assets Company over pre-stock split total number of ordinary shares of 220,257,000) Cash and cash equivalents 40 1
Slide 15: Cash Flows
©2022 Memiontec I Private & Confidential CASH FLOWS OPERATING CASH FLOWS Key Insights KEY FINANCIALS (in S$’million, unless indicated) FY2017 FY2018 FY2019 FY2020 FY2021 Operating Cash Flows 2.1 4.0 0.8 0.3 3.0 Positive operating cash Investing Activities : flows from operations • BOOT investments (
Slide 16: Order Book S$120 million
©2022 Memiontec I Private & Confidential ORDER BOOK MARCH 2022 SGD’ million 70.0 Revenue Order Book 65.0 In March 2022, Memiontec Secured its Largest Contract to date 60.0 following Award of a New S$56.6 Million Contract by PUB 55.0 120 million 45.6 Order Book 50.0 0.2 0.5 45.0 3.4 Estimated Indones
Slide 17: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. FINANCIAL HIGHLIGHTS 3. MARKET DEMAND & INDUSTRY PROSPECTS 4. BUSINESS PRESENCE 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 18: Prospects for Asia Pacific: Strong Water Demand
©2022 Memiontec I Private & Confidential PROSPECTS FOR ASIA PACIFIC STRONG WATER DEMAND (Source: Memiontec Annual Report 2021) 18
Slide 19: Prospects for Indonesia & Singapore: Strong Water Demand
©2022 Memiontec I Private & Confidential PROSPECTS FOR INDONESIA & SINGAPORE STRONG WATER DEMAND (Source: Memiontec Annual Report 2021) 19
Slide 20: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. FINANCIAL HIGHLIGHTS 3. MARKET DEMAND & INDUSTRY PROSPECTS 4. BUSINESS PRESENCE 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 21: Regional Presence: Singapore
©2022 Memiontec I Private & Confidential REGIONAL PRESENCE SINGAPORE CWRP – MBR (1158 LPS) C22C - MBR DTSS 2 – OCF JISTP & AJ 21
Slide 22: Regional Presence: Indonesia
©2022 Memiontec I Private & Confidential REGIONAL PRESENCE INDONESIA Waduk Pluit TOOT 3 Pekan Baru BOOT 2 4 Pekan Baru TSEPC • Pekan Baru, South Sumatra. • Currently in Phase 1 • Waduk Pluit, Jakarta. construction. • Gravity Sand Filter & Chlorination • Under operations - 25 yrs • Our interest: 15%
Slide 23: Scaling Up Memiontec
©2022 Memiontec I Private & Confidential CHINA SCALING UP VIETNAM (New Market)* MEMIONTEC SINGAPORE *Subject to satisfactory completion of feasibility studies, due diligence, board approval and / or shareholders’ approval (if applicable) INDONESIA
Slide 24: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. FINANCIAL HIGHLIGHTS 3. DEMANDS AND PROSPECTS 4. BUSINESS PRESENCE 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 25: Business Model: Synergistic & Integrated
©2022 Memiontec I Private & Confidential BUSINESS MODEL SYNERGISTIC & INTEGRATED • Completed the largest membrane filtration system for desalination plant in SG and SEA with contract value of $S33.2M • Awarded a S$56.6M contract from PUB, the largest single MBR contract secured by the Group to date
Slide 26: Pyramid Strategy
©2022 Memiontec I Private & Confidential Pyramid Strategy c c 26
Slide 27: MIT's House of Growth: 5 Core Pillars
©2022 Memiontec I Private & Confidential MIT’S HOUSE OF GROWTH 5 CORE PILLARS Market Leader in Water Space Transforming Water, World and Life STRATEGIC Pillar 4 Pillar 1 Pillar 2 Pillar 3 Pillar 5 ASPIRATION Strategic Investment Singapore Indonesia New Markets SDS (Sales Distribution for recurring i
Slide 28: Our Unique Value Propositions: Integrated Solutions
©2022 Memiontec I Private & Confidential OUR UNIQUE VALUE PROPOSITIONS INTEGRATED SOLUTIONS 28
Slide 29: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. DEMANDS AND PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 30: Business Strategies & Future Plans Towards 2026
©2022 Memiontec I Private & Confidential BUSINESS STRATEGIES & FUTURE PLANS TOWARDS 2026 Scaling up M&A Collaborations Expansion into Build-own-operate-transfer (BOOT) / Transfer-own-operate-transfer (TOOT) projects Our Focus on Tender for higher value TSEPC projects: next lap – Municipal --> 30M to
Slide 31: Enhancing Our Synergies: PPP / BOOT
©2022 Memiontec I Private & Confidential ENHANCING OUR SYNERGIES PPP / BOOT 31
Slide 32: Targeted BOOT Projects (1/2) Indonesia
©2022 Memiontec I Private & Confidential TARGETED BOOT PROJECTS (1/2) INDONESIA ILLUSTRATIVE Indonesia Project BOOT 1 for 25 years BOOT 2 for 25 years BOOT 3 for 25 years BOOT 4 for 25 years BOOT 5 for 30 years Capacity 43,200 m3/day 4,320 m3/day 86,400 m3/day 17,280 m3/day 103,680 m3/day Type of Pl
Slide 33: Targeted BOOT Projects (2/2) Vietnam
©2022 Memiontec I Private & Confidential TARGETED BOOT PROJECTS (2/2) VIETNAM ILLUSTRATIVE Vietnam Project BOO 1 for 50 years BOO 2 for 50 years BOO 3 for 50 years BOO 4 for 50 years Capacity Up to 30,000 m3/day Up to 30,000 m3/day 50,000 m3/day 16,000 m3/day Type of Plant WTP and Network WTP and Ne
Slide 34: Outline
©2022 Memiontec I Private & Confidential OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. DEMANDS AND PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS 7. SUMMARY
Slide 35: Key Investment Highlights Summary
©2022 Memiontec I Private & Confidential KEY INVESTMENT HIGHLIGHTS SUMMARY Reliable Track Records Synergistic Business Model Total water & wastewater Synergistic & diversified business management solutions provider model with business presence across in Asia with a proven track Asia record for close
Slide 36: Accelerating Our Growth Plans
©2022 Memiontec I Private & Confidential ACCELERATING OUR GROWTH PLANS Expansion of Memiontec’s Equity Investments to Scale Up BOOT Portfolio Order Book Indonesia* Vietnam* (new market) • Potential BOO projects, Singapore • Potential BOOT projects, which Indonesia 25% 75% customers include water whi
Slide 37: Thank You!
©2022 Memiontec I Private & Confidential THANK YOU ! P R E F E R R E D PA R T N E R for Water & Wastewater Solutions Corporate Presentation July 2022 If there are any other queries, please contact the Company : © Memiontec 2022 I Private & Mr Lee Quang Loong (CFO) / Tel: +65 6756 6989 / Email: quang
Slide 38: Disclaimer
©2022 Memiontec I Private & Confidential DISCLAIMER This presentation does not constitute, or form any part of any offer for Neither Memiontec nor any of its affiliates, advisers or representatives sale or subscription of, or solicitation of any offer to buy or subscribe shall have any liability wha
Slide 39: Appendix: References
©2022 Memiontec I Private & Confidential APPENDIX 1 • REFERENCES (1) https://www.adb.org/sites/default/files/publication/663931/awdo-2020.pdf (2) https://www.adb.org/news/features/asia-s-water-security-glass-still-half-full (3) https://www.pub.gov.sg/watersupply/singaporewaterstory (4) https://www.n