Memiontec Holdings Ltd. · SGX:TWL
Memiontec — Shareholder Meeting (April 2024)
32 slides from Memiontec's shareholder meeting presentation, Apr 24, 2024
Slide 1: Corporate Presentation AGM 2024
Corporate Presentation AGM 2024 24 April 2024 1 ©2024 Memiontec I Private & Confidential
Slide 2: Disclaimer
DISCLAIMER This presentation does not constitute, or form any part of any offer for sale or Neither Memiontec nor any of its affiliates, advisers or representatives shall have any subscription of, or solicitation of any offer to buy or subscribe for, any securities in liability whatsoever (in neglig
Slide 3: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 4: Overview: Memiontec at a Glance
OVERVIEW MEMIONTEC 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, China and Vietnam Company Memiontec develops reliable, compact,
Slide 5: Corporate Milestones: Memiontec by Years
CORPORATE MILESTONES MEMIONTEC BY YEARS Commenced works for 2nd Commissioned 1st BOOT at Pekan Secured BOOT BOOT project 11 13 15 Baru project at Nusa Awarded $33.2M Dua, Bali and sales Completed contract by PUB – Project TSDP of water for 25 Upgraded to ME11 L5 Built award-winning Tuas South years
Slide 6: Memiontec Integrated Solutions
MEMIONTEC Integrated Solutions Environmentally green & near zero discharge solution A One-Stop Integrated Water Technology Total Solution Provider FEED SOURCE Pure / Ultrapure Meet local government Waste Water Water Quality discharge water requirement Rivers CUSTOMERS Lakes • Agro Wells • Power Plan
Slide 7: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 8: Scaling Up Memiontec
CHINA SCALING UP VIETNAM (New Market) MEMIONTEC SINGAPORE INDONESIA ©2024 Memiontec I Private & Confidential
Slide 9: Indonesia
1 11 12 8 7 13 2 6 9 3 4 15 14 10 5 BOOT & TOOT PROJECTS INDONESIA COMPLETED PROJECTS ON - GOING PROJECTS ©2024 Memiontec I Private & Confidential
Slide 10: BOOT & TOOT Projects
01 BOOT & TOOT PROJECTS Pekanbaru BOOT Project Hutan Kota BOOT Project Waduk Pluit TOOT Project • WTP for Drinking water • Capacity: 500 LPS • Capacity: 32 LPS • Capacity: 750 LPS • Completed: 2019 • Completed: 2018 • Completed: 2022 Tanah Merah BOOT Project ITDC Nusa Dua, Bali BOOT Project • WTP fo
Slide 11: Completed Projects
02. COMPLETED PROJECTS Palembang City Sewage Project Makassar City Wastewater Treatment Plant Jambi City Wastewater Treatment Plant • Aerobic Baffled Reactor, Biotricking Filter & • Aerobic Reactor, UV System & Sand and • Aerobic Reactor, UV System & Sand and Carbon Chlorination Carbon Filter Filter
Slide 12: On-going Projects
03. ON - GOING PROJECTS Rehabilitation of Oloboju Water Adaro Relocation Intake Project Tarjun Water Treatment Plant Treatment Plant • Aerobic Reactor, UV System & Sand and • Installation for HDPE Pipe Transmission • Upgrading existing WTP system up to Carbon Filter 8 km 250m3/hour • Capacity: 185 L
Slide 13: Singapore
11 6 8 1 5 2 10 12 4 7 9 3 SINGAPORE ON - GOING PROJECTS COMPLETED PROJECTS ©2024 Memiontec I Private & Confidential
Slide 14: Completed Projects
01. COMPLETED PROJECTS Tuas South Desalination Plant Jurong Water Reclaimation Semakau Landfill Changi Water Reclaimation • Ultrafiltration System Plant • Wastewater Treatment Plant • Capacity: 8,800 LPS • Membrane Bioreactor Plant & Power Generation • High Rate Clarification System System System •
Slide 15: On-going Projects
02. ON - GOING PROJECTS Jurong Island Sewage Deep Tunnel Sewerage System Phase 2 Treatment Plant • Odour Control & Air Jumpers • Replacement of M&E Equipment Facilities Kranji NEWater Factory Changi Water Reclaimation Plant • Pressurized Microfiltration System • Phase 2 C22C MBR Plant • RO membrane
Slide 16: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 17: Profit & Loss Highlights
PROFIT & LOSS HIGHLIGHTS Track Record of Growing Revenue and Profitability KEY FINANCIALS (S$’millions) FY2019 FY2020 FY2021 FY2022 FY2023 • Revenue surged 56.2% to S$66.9m in FY2023, mainly Revenue 29.3 34.6 45.6 42.8 66.9 due to higher contribution from Singapore (approx. Gross Profit 75% of total
Slide 18: Segmental Performance
SEGMENTAL PERFORMANCE REVENUE (S$’millions) FY2019 FY2020 FY2021 FY2022 FY2023 ❑ TSEPC 19.6 27.7 41.6 39.1 63.6 ❑ OMS 8.4 6.2 3.4 2.8 2.3 ❑ Trading and Sales of Water 1.3 0.7 0.6 0.9 1.0 Revenue 29.3 34.6 45.6 42.8 66.9 OPERATING PROFIT (S$’millions) FY2019 FY2020 FY2021 FY2022 FY2023 ❑ TSEPC 1.0 2.
Slide 19: Balance Sheet: Highlights
BALANCE SHEET: HIGHLIGHTS Resilient & Healthy Key Insights KEY FINANCIALS FY2019 FY2020 FY2021 FY2022 FY2023 Memiontec Total (S$’millions, unless otherwise stated) Assets has increased Total Assets by 2.5x from 2019 to 22.1 37.5 35.5 38.2 55.2 2023 Equity 9.0 17.1 18.2 19.4 21.7 Equity has increased
Slide 20: Earnings Per Share & Net Asset Value Per Share
EARNINGS PER SHARE & NET ASSET VALUE PER SHARE Earnings Per Share (EPS) Net Asset Value (NAV) Per Share (Singapore cents) (Singapore Cents) 0.80 5.00 0.70 4.00 0.60 3.27 0.50 0.49 3.00 2.75 2.92 2.58 0.40 0.39 2.00 0.30 1.67 0.20 0.20 0.23 1.00 0.10 0.06 - - FY2019 FY2020 FY2021 FY2022 FY2023 FY2019
Slide 21: Increasing Dividend Payout Since IPO
INCREASING DIVIDEND PAYOUT SINCE IPO At IPO After IPO 66% from FY2022 FY2022 FY2023* FY2020 FY2021 40% FY2019 30% 30% 30% 25% S$0.00209 S$0.0018 S$0.00196 S$0.00185 per share per share# per share per share (after 3-1 S$0.00115 share split) Note: Dividend payout % computed based on Dividends over Net
Slide 22: Order Book
ORDER BOOK Continuous efforts to develop a pipeline of projects and increase order book progressively In March 2022, Memiontec Secured its Largest Contract to date following Award of a New S$56.6 Million Contract by PUB The order book excludes our long-term OMS service rendered by the Group over the
Slide 23: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 24: Prospects for Asia Pacific: Strong Water Demand
PROSPECTS FOR ASIA PACIFIC STRONG WATER DEMAND (Source: Memiontec Annual Report 2023 and SGXNet announcements) 24 ©2024 Memiontec I Private & Confidential
Slide 25: Prospects for Indonesia & Singapore: Strong Water Demand
PROSPECTS FOR INDONESIA & SINGAPORE STRONG WATER DEMAND (Source: Memiontec Annual Report 2023 and SGXNet announcements) 25 ©2024 Memiontec I Private & Confidential
Slide 26: Prospects for Vietnam: Strong Water Demand
PROSPECTS FOR VIETNAM STRONG WATER DEMAND (Source: Memiontec Annual Report 2023 and SGXNet announcements) 26 ©2024 Memiontec I Private & Confidential
Slide 27: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 28: Business Model: Synergistic & Integrated
BUSINESS MODEL SYNERGISTIC & INTEGRATED 25 ©2024 Memiontec I Private & Confidential
Slide 29: Memiontec's House of Growth: Core Pillars
MEMIONTEC’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 income Scale up Project Size Access
Slide 30: Outline
OUTLINE 1. COMPANY INTRODUCTION 2. BUSINESS PRESENCE 3. FINANCIAL HIGHLIGHTS 4. MARKET DEMAND & INDUSTRY PROSPECTS 5. BUSINESS STRATEGY 6. FUTURE GROWTH PLANS ©2024 Memiontec I Private & Confidential
Slide 31: Business Strategies & Future Plans Towards 2026
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 ===> 100M Sustainable & with reputable c
Slide 32: Thank you
Thank you 32
Memiontec Holdings — Shareholder Meeting (April 2024) on 6ix