Solowin Holdings · NASDAQ:AXG
Solowin — IPO Roadshow (August 2023)
26 slides from Solowin's IPO roadshow presentation, Aug 8, 2023
Slide 1: Solowin Holdings Corporate Presentation
SOLOWIN HOLDINGS CORPORATE PRESENTAION Issuer Free Writing Prospectus dated, August [ ] , 2023 Filed Pursuant to Rule 433 of the Securities Act of 1933, as amended Relating to Preliminary Prospectus dated July 7, 2023 Registration Statement No. 333 - 271525
Slide 2: Free Writing Prospectus Statement
This free writing prospectus relates to the proposed public offering of o rdinary shares (“Ordinary Shares”) of Solowin Holdings (“we”, “us”, or “our”) and should be read together with the registration statement on form F - 1, as amended (File No.: 333 - 271525)(the “Registration Statement”) we file
Slide 3: Forward-looking statements and risk disclosures
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. This presentation contains forward - looking statements that are based on our management’s beliefs and a
Slide 4: Offering Summary
Issuer SOLOWIN HOLDINGS Proposed Listing/Symbol Nasdaq Capital Market: SWIN Offering Type Initial Public Offering Securities Offered 2,500,000 Ordinary Shares, or 2,875,000 Ordinary Shares if the underwriters exercise their over - allotment option in full * Price Range $4.00 to $6.00 per Ordinary Sh
Slide 5: Investment Highlights
Investment Highlights Experienced management and talented team Provide state - of - the - art account opening technology & superior user experience for clients Well positioned in a fast - growing financial service segment with substantial growth demand Offer a diversified product portfolio for tradi
Slide 6: Company Overview
Company Overview • License from HKSFC Type 1 (Dealing in Securities) • 14% o f Total Revenue* Securities related Services • License from HKSFC Type 4 (Advising on Securities) • 56% of Total Revenue* Investment Advisory Services • License from HKSFC Type 9 (Asset Management) • 9% of Total Revenue* As
Slide 7: Securities Related Services: Global Market Trading
Securities Related Services Global Market Trading 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. 7 5+ stock exchanges 20,000+ No. of registered users*
Slide 8: Customers
Customers Clients are mostly Chinese investors residing in Asia as well as institutional clients in Hong Kong, Australia and New Zealand. Client • Users: Registered on the Platform • Clients: Opened Accounts on the Platform Number * • 20,000+ • 15,400+ Concentration of Revenue* 30% 13% 13% 11% 11% 2
Slide 9: Securities Related Services and Fee Structure
Securities Related Services Type 1 (Dealing in Securities) Services Provided x Online Account Opening and KYC x Trading x Clearing & Settlement x Market Data & Information Services x Social Interaction Functions & Community x Margin Financing & IPO Subscription x IPO Financing x IPO Underwriting See
Slide 10: Investment Advisory Services
Types Fees Percentage fee based on Client’s AUM 1% - 2.5% of Client’s AUM Flat Fees USD 100,000 - USD 500,000 per month Hourly Rates $100/hour to $300/hour according to advisor experiences Investment Advisory Services We provide investment advisory services to individuals, corporations and third - p
Slide 11: Asset Management Services
Asset Management Services Type 9 (Asset Management) Development of Funds Managed in AUM Types Fees Fund Subscription Fee Based on the managed NAV, for a monthly Min. $2,500 or 2% of the NAV annually Fund Management Fee Based in part upon unrealized gains /losses, 20% of the performance during the Pe
Slide 12: Corporate Consultancy Services
Corporate Consultancy Services • We a ct as: x F inancial adviser to its clients advising them on the terms and structures of the proposed transactions and the relevant implications and compliance matters under the HKSE Listing Rules (including the Main Board and the Growth Enterprise Market “GEM”)
Slide 13: Solomon Pro Trading Platform
Solomon Pro Trading Platform Customers can open and activate trading accounts through Solomon Pro which can be downloaded for free from iOS, Android and webpage . 20+ App version s Updates T rade Various Listed Financial Products (including but not limited to): □ Hong Kong Equity □ US Equity □ China
Slide 14: Market Trend
Securities Industry Online trading Online brokerage with social network function IPO and share financing Stable demand on IPO financing and share margin financing Corporate Finance HKEX’s new listing regime: 18B (SPAC) 18C (Specialist Technology Companies Asset management Continuous increase in the
Slide 15: Market Growth: Securities Market Turnover in Hong Kong
Market Growth 13,301 15,265 17,156 26,091 16,396 21,709 26,423 21,440 32,110 41,182 42,418 43,690 45,001 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E 2023E 2024E 2012 - 2016 2016 - 2020 2020 - 2024E CAGR 5.37% 18.30% 8.80% HK$ Billion Total Turnover of Securities Market in Hong Kong See o
Slide 16: Market Growth: Fund Raised from IPO and Secondary Market
Market Growth Growth Turnover Fund Raising Asset Management 90 169 233 269 195 129 288 314 400 331 99 150 220 215 210 710 853 295 453 256 140 347 442 198 160 250 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E 2023E 2024E IPO Secondary Market HK$ Billion Fund Raised from IPO and Secondary Ma
Slide 17: Market Growth: Asset Management in Hong Kong
Market Growth 15,631 14,526 17,630 21,324 23,045 25,350 28,502 31,448 1,242 1,094 1,300 1,543 1,536 1,690 2,084 2,276 638 827 1,110 1,171 1,307 1,438 1,583 1,727 2017 2018 2019 2020 2021 2022E 2023E 2024E Asset Magement and Fund Advisory Business of LC (including REITs) Asset Management Business of
Slide 18: Market Capacity
0.45 11.00 8.75 314.48 0.11% 2.68% 2.13% 76.48% IPO sponsor fee IPO underwriting fee Secondary market fund raising fee Asset Management 2024E 45.91 11.17% Securities brokerage income 30.58 7.44% Margin interest income HK$ billion % Market Capacity 18 See offering documents for further risks and disc
Slide 19: Management Team
Management Team 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. 19 • CEO and Director since June 2022; Director of Solomon JFZ since July 2019; Responsi
Slide 20: Board of Directors
Board of Directors * Appointment of each independent director appointee will become effective upon the SEC’s declaration of effectiveness of the Registration Statement. See offering documents for further risks and disclosures. There is no guarantee that any specific outcome will be achieved. I nve s
Slide 21: Growth Strategies
01 02 03 04 Grow client base and enhance brand through user community and social engagement functions Strengthen technological infrastructure Attract and build strong team of key talent Broaden financial services by expanding its product offering Customer Expert Product System Growth Strategies See
Slide 22: Operational Highlights
FY2021 FY2023 • Securities - related Services • Securities - related Services • Investment Advisory Services • Asset Management Services • Corporate Consultancy Services Operational Highlights See offering documents for further risks and disclosures. There is no guarantee that any specific outcome w
Slide 23: Financial Highlights
Financial Highlights 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 68% 14% 22% 56% 10% 9% 21% FY2022 FY2023 Asset management services segment Inves
Slide 24: Financial Highlights: Net Income and Operating Income
(1,176) 1,288 Financial Highlights (979) 1,349 Net Income (Loss) ($ in 000) Income (Loss) from Operations ($ in 000) 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 r
Slide 25: Contact
Contact Underwriter: EF Hutton, division of Benchmark Investments, LLC Email: syndicate@efhuttongroup.com Tel: +1 - 212 - 404 - 7002 Address: 590 Madison Avenue, 39th Floor New York, NY 10022 USA Email: ir@solomonwin.com.hk Tel: +852 - 3428 - 3893 Address: Room 1910 - 1912A, Tower 3, China Hong Kong
Slide 26: Appendix - Corporate Structure
Appendix - 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. 26 Xiaohang Zhang Ling Ngai Lok Xue Yao Vulcan Worldwide Holdings Limited