8I Holdings Ltd. · ASX:8IH
8I — Shareholder Meeting (September 2023)
10 slides from 8I's shareholder meeting presentation, Sep 26, 2023
Slide 1: FY2023 Annual General Meeting
For personal use only 8I Holdings Limited FY2023 Annual General Meeting 26 September 2023, 9:00AM SST
Slide 2: Content
FY2023 Key Corporate Developments FY2023 Financial Performance For personal use only Wind Down of Fund Management Segment Corporate Restructuring for FinEduTech Segment Content Developments for FinEduTech Segment in 2024 Refinement of FinEduTech Segment Focus – Total Wealth Care Moving Forward – Str
Slide 3: FY2023 Key Corporate Developments
FY2023 Key Corporate Developments For personal use only FY2023 has been challenging due to macro-economic challenges and market shifts. The group's revenue decreased significantly, mainly attributed to the underperformance of the FinEduTech segments and a substantial investment loss. As a result, th
Slide 4: FY2023 Financial Performance
FY2023 Financial Performance For personal use only • Revenue: S$16.3 million • Loss After Tax: • Mainly attributed to: • Decline in FinEduTech's revenue • Mark-to-market investment loss: S$5.2 million • Write-down of deferred tax assets: S$0.8 million • Cash and Cash Equivalents: S$20.4 million • Ca
Slide 5: Wind Down of Fund Management Segment
Wind Down of Fund Management Segment For personal use only • Limited growth over last 5 years • Gradual decline in investor interest in funds of similar nature over multi-asset strategies and ETFs • Performance of actively managed funds did not meet expected outcomes • Challenges in attracting new i
Slide 6: Corporate Restructuring for FinEduTech Segment
Corporate Restructuring for FinEduTech Segment For personal use only Changes in Leadership and Leadership Realignment Remuneration and Workforce Structure •Formation of an associate •Co-founders Mr. Ken Chee •Remuneration package for entity to lead GoodWhale and Mr. Clive Tan resume executive direct
Slide 7: Developments for FinEduTech Segment in 2024: Expanding Business Horizons
Developments for FinEduTech Segment in For personal use only 2024: Expanding Business Horizons New Business Segments: • Financial Advisory: • Our subsidiaries, 8VI FIN Malaysia Sdn. Bhd. ("8VI FIN") and Vastus Wealth Pte. Ltd. ("Vastus Wealth"), have successfully commenced operations in Singapore an
Slide 8: Refinement of FinEduTech Segment Focus in 2024 – Total Wealth Care
Refinement of FinEduTech Segment Focus in 2024 – Total Wealth Care For personal use only Protection Care: Shielding from Life Uncertainties • Ensuring financial security • Strategies to safeguard assets, health, and legacy Portfolio Care: Building and Nurturing Wealth • Expanding active income base
Slide 9: Moving Forward: Strategic Emphasis
For personal use only Moving Refocus on managing investments as Listed Investment Company (LIC) Forward: Strategic Operating business mainly in Protection Care: Vastus Wealth Emphasis FinEduTech (8VI) segment, & 8VI FIN Malaysia with a focus into Total Portfolio Care: VI College Wealth Care Preventi
Slide 10: Thank you
For personal use only Thank you