IFS Capital Ltd. · SGX:I49
IFS Capital — Shareholder Meeting (April 2024)
12 slides from IFS Capital's shareholder meeting presentation, Apr 29, 2024
Slide 1: Annual General Meeting 29 April 2024
ANNUAL GENERAL MEETING 29 APRIL 2024 Resolute for Growth
Slide 2: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or an inducement to enter into any investment activity, nor shall any part or all of this presentation form the bas
Slide 3: 2023 in Review, Update on Strategic Priorities, Moving Forward
1 2023 in Review Update on 2 Strategic Priorities 3 Moving Forward
Slide 4: 2023 in Review
4| 2023 in Review IFS Capital Limited
Slide 5: Financial Review
Financial Review • Revenue increased 14% mainly because of the 32% growth in loan book • Higher talent and technology investments to grow our Accounts Receivable Purchase (ARP), Supply Chain Financing (SCF) and Technology Services businesses • Resilient portfolio with specific allowances at 39 bp of
Slide 6: Key Drivers: Lending
Key Drivers: Lending FY2023 FY2022 ($m) ($m) YoY (%) Total Income 30.8 26.8 15% • Revenue growth driven largely by - Singapore 14.2 10.0 42% the loan book rebuild in - Thailand 14.6 14.9 -2% Singapore - Malaysia 1.4 1.3 8% - Indonesia 0.6 0.6 0% • Income impact from loan growth partially offset by s
Slide 7: Key Drivers: Insurance
Key Drivers: Insurance FY2023 FY2022 ($m) ($m) YoY (%) Premium written 9.8 6.8 44% Distribution channel: • Premium growth mainly driven - Alternative - Intermediary 0.4 9.1 0.5 6.1 -20% 49% by Motor through the agency - Direct 0.3 0.2 50% channel Class of business: - Motor 9.0 5.9 53% • Lower claims
Slide 8: Update on Strategic Priorities
Update on Strategic Priorities 8
Slide 9: Strategic Priorities
Strategic Priorities Lending Insurance Services ARP volume starting to grow Premium written Facilitated transactions amounting again in IFSS ( 8.4%) increase ( 44%) driven to S$68.6m todate and IFSM ( 10.6%) by partnerships Launch of Lendingpot in Indonesia Customer satisfaction at 4.9/5.0 SCF
Slide 10: Moving Forward
33 Moving Forward IFS Capital Limited
Slide 11: Moving Forward
Moving Forward Asset Manager with Best-in-class Multi-line Specialisation in Private Insurer Credit • Build multi-line product offering • Granular Asia- IFS serving families and focused private credit ECICS businesses • Build scale and scope in direct origination Capital • Focus on community across
Slide 12: Responsible Finance in Southeast Asia
Responsible Finance in Southeast Asia www.ecics.com.sg www.lendingpot.sg www.fridayfinance.sg www.ifsam.com.sg www.ifscapital.com.sg