Wing Yip Food Holdings Group Limited · KRX:900340
Wing Yip Food — IPO Roadshow (August 2024)
24 slides from Wing Yip Food's IPO roadshow presentation, Aug 9, 2024
Slide 1: Investor Presentation - Issuer Free Writing Prospectus
Issuer Free Writing Prospectus dated August 9 , 2024 Filed Pursuant to Rule 433 of the Securities Act of 1933, as amended Relating to Preliminary Prospectus dated August 9, 2024 Registration Statement No. 333 - 277694 Wing Yip Food Holdings Group Limited Proposed Nasdaq Ticker Symbol: WYHG Investor
Slide 2: Free Writing Prospectus Statement
Free Writing Prospectus Statement This free writing prospectus relates to the proposed public offering of American depositary shares (“ADSs”) of Wing Yip Food Holdings Group Limited (“we”, “us”, “our” or the “Company”) and should be read together with the registration statement on Form F - 1, as ame
Slide 3: Forward-looking Statement
Forward - looking Statement This presentation contains forward - looking statements that reflect our current expectations and views of future events, all of which are subject to risks and uncertainties. Forward - looking statements give our current expectations or forecasts of future events. You can
Slide 4: Offering Summary
Offering Summary Issuer Securities Wing Yip Food Holdings Group Limited ADS, each ADS represents one ordinary share of the Company (“Ordinary Shares”) Nasdaq Capital Market: WYHG Proposed Listing Symbol Offering Type Initial Public Offering Securities Offered Price Range 2,500,000 ADSs, or 2,875,000
Slide 5: Company Overview
Company Overview One of the notable meat product processing companies in mainland China 18 72 Our flagship brand “Wing Yip” can trace its history back to 1915 Provinces Distributed (2) Distributors (2) Ranked 2 with a market share of 9.2% (1) nd 7 7 Since 2018, our Ordinary Shares have been listed o
Slide 6: Investment Highlights
Investment Highlights 1 Excellent Track Records & Reputation Focus on Quality Control & Maintaining High Standards for Food Safety 2 Strong Product Development Capabilities & A Diverse Range of Innovative Products 3 4 5 Extensive Sales & Distribution Network An Experienced & Capable Management Team
Slide 7: Products Overview
Products Overview Brand Name Wing Yip Hospita 218+ Production Cycle & Lead Time Approximately 48 to 72 hours Cured Meat Products The Shelf Life 90 to 270 days Brand Name Jiangwang, Kuangke 120+ Lead Time Approximately 72 hours Snack Products The Shelf Life 180 to 270 days Lead Time Approximately 72
Slide 8: Products Overview: Cured Meat Products
Products Overview 218+ Cured Meat Products Cured Pork Sausages Cured Pork Meat Other Cured Meat Products Cured Pork Sausage Cured Pork Meat Cured Duck 8 Note: All numbers on this page are as of the date of this presentation. See the registration statement for further risks and disclosures. There is
Slide 9: Products Overview: Snack and Frozen Meat Products
Products Overview 120+ Snack Products 39+ Frozen Meat Products Ready - to - eat Sausage Frozen Cheddar Cheese Sausage 9 Note: All numbers on this page are as of the date of this presentation. See the registration statement for further risks and disclosures. There is no guarantee that any specific ou
Slide 10: Production Facilities
Production Facilities Annual Production Capacity Self - Owned Food Processing Plant 15,000 Tons of Cured Meat Products 5,000 Tons of Snack Products Total Floor Area: Approx. 14,339 Sqm Location: Zhongshan City, Guangdong 1,500 Tons of Frozen Meat Products 20 Production Lines 12 Production Lines 6 2
Slide 11: Excellent Track Records & Reputation
Excellent Track Records & Reputation January 2015 March 2017 July 2017 The Most Popular Cured Meat Brand in the Guangdong - Hong Kong - Macao region Leading Agricultural Enterprise in Zhongshan City Guangdong Time - Honored Brand July 2017 December 2019 December 2019 Guangdong Time - Honored Brand G
Slide 12: Excellent Track Records & Reputation: Market Rankings
Excellent Track Records & Reputation Top Three Cantonese - style Cured Meat Product Processors in terms of Retail Sales Value (Mainland China), 2022 Top Five Cured Meat Product Processors in terms of Retail Sales Value (Mainland China), 2022 Retail sales value of cured meat product (RMB million) Can
Slide 13: Focus on Quality Control & Food Safety Standards
Focus on Quality Control & Maintaining High Standards for Food Safety Ensuring High Safety & Quality Standards • Established and Maintained Strict • Established and Operationalized Technical Specifications & Procedures for Each Processing Step Supplier Control Measures Internal Quality Control Team
Slide 14: Strong Product Development Capabilities & Innovative Products
Strong Product Development Capabilities & A Diverse Range of Innovative Products Product Development Strategy Strategic Collaboration Strategy 1 Introducing new products Strategy 2 Improving ingredients and packaging of existing products KOSDAQ (stock code: 290720) Our R&D costs accounted for 15.25%
Slide 15: Extensive Sales & Distribution Network
Extensive Sales & Distribution Network 72 Distributors 7 Self - Operated Stores “Wing Yip” Brand National Distribution All Located in Guangdong Province Across 18 Provinces in China Targeting retail & wholesale customers Own Online Store 6 Third - Party Online Marketplaces Online marketplaces: Tmall
Slide 16: An Experienced & Capable Management Team
An Experienced & Capable Management Team Mr. Xiantao Wang Ms. Tingfeng Wang Mr. Haobo Ye Director and Chairman of the Board of Directors Director, Chief Executive Officer Chief Financial Officer • • • Mr. Wang has been a director and the chairman of the board of directors of Wing Yip since April 201
Slide 17: Board of Directors
Board of Directors Mr. Xiantao Wang Director and Chairman of the Board of Directors Mr. Yang Chen Independent Director Mr. Nanlong Liu Independent Director Ms. Tingfeng Wang Director, Chief Executive Officer Mr. Hojin Kim Independent Director • • • Mr. Wang has been a director and the chairman of th
Slide 18: Industry Overview: Cured and Snack Meat Markets
Industry Overview Market Size of Preserved and Cured Meat Product Market (Mainland China), 2018 - 2027E Market Size of Snack Meat Product Market (Mainland China), 2018 - 2027E Retail Sales Value CAGR 18 - 22 9.5% CAGR 22 - 27E 6.9% Growth Rate Total Cured Meat Product Others 12.8% 8.5% 8.8% 6.5% 125
Slide 19: Industry Overview: Frozen Meat and Prepared Food Markets
Industry Overview Market Size of Frozen Meat Product Market (Mainland China), 2018 - 2027E Market Size of Prepared Food Market (Mainland China), 2018 - 2027E Market Size of Prepared Food Growth Rate CAGR: 4.5% CAGR: 10.7% CAGR: 20.7% 1,200 900 600 300 0 200 150 100 50 45 40.0 38.5 37.0 40 35 30 25 2
Slide 20: Growth Strategies
Growth Strategies Providing Customized Chinese - style Pre - cooked Meat Products for Various Businesses Developing New Line of Pre - Made Meal Products Increasing Investment in Developing Snack Products • Conducting small - scale trial production by the Q2 & small - scale trial production of two ne
Slide 21: Financial Highlights: Revenue
Financial Highlights Revenue Revenue Breakdown by Products US$ Million 5.0% 5.3% $134.1 $130.8 27.5% 32.5% 62.1% 67.6% FY2022 Audited FY2023 Audited 5.1% 5.4% 27.1% 67.7% $33.8 $32.7 35.8% 58.8% Q1 2023 Unaudited Cured Meat Products Q1 2024 Unaudited FY2022 Audited FY2023 Audited Q1 2023 Unaudited Q
Slide 22: Financial Highlights: Gross Profit and Net Income
Financial Highlights Gross Profit and Gross Profit Margin Net Income US$ Million Gross Profit Margin % US$ Million 38.2% 35.1% $14.0 33.9% 29.0% $11.2 $47.1 $44.3 $4.6 $12.9 $9.5 $1.3 FY2022 Audited FY2023 Audited Q1 2023 Unaudited Q1 2024 Unaudited FY2022 Audited FY2023 Audited Q1 2023 Unaudited Q1
Slide 23: Contact
Contact Issuer: Underwriter: Wing Yip Food Holdings Group Limited Kingswood Capital Partners, LLC Email: ir@wingyip - food.com Email: info@kingswoodus.com Tel: +1 - 800 - 535 - 6981 Address: Tower 56, 126 E. 56th Street, Suite 22S New York, NY 10022 USA Tel: +86 - 760 - 23215457 Address: No.9, Guanx
Slide 24: Corporate Structure
Corporate Structure The following diagram illustrates our corporate structure as of the date of this presentation and upon completion of our IPO based on a proposed number of 2,500,000 ADSs being offered, assuming no exercise of the underwriters’ over - allotment option. Pre - IPO%/Post - IPO% U.S.
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