G.h.y Culture & Media Holding Co., Ltd. · SGX:XJB
G.h.y Culture & Media — Shareholder Meeting (April 2023)
35 slides from G.h.y Culture & Media's shareholder meeting presentation, Apr 27, 2023
Slide 1: Annual General Meeting for FY2022
Annual General Meeting for FY2022 27 April 2023
Slide 2: Disclaimer
Disclaimer This presentation is prepared for information purposes only, without regard to the objectives, financial situation nor needs of any specific person. This presentation does not constitute an offer or solicitation of an offer to sell or invitation to subscribe for any securities nor shall i
Slide 3: Content
Content Sections 1 Message from Executive Chairman and Group CEO 4 2 FY2022 Performance Summary 14 3 Business Strategies and Growth Plans 21 4 Resolutions 25 3
Slide 4: Message from Executive Chairman and Group CEO
Section 1 Message from Executive Chairman and Group CEO 4
Slide 5: Corporate Highlights in FY2022
Corporate Highlights in FY2022 TV Program and Film Production Leveraging on our diverse intellectual property (“IP”) portfolio and high-quality production capabilities to strengthen our business foothold and set new industry benchmarks. Completed filming in 2022 for the following: Long drama ser
Slide 6: Corporate Highlights in FY2022
Corporate Highlights in FY2022 TV Program and Film Production Completed the filming in 2022 for the following: Short-form drama series • “Goddess Hotel 女神酒店” • “Su Wuming of the Tang Dynasty 大唐來的蘇無名” “Strange Tales of Tang Dynasty 唐朝詭事錄” was one of the most watched mystery action period drama se
Slide 7: First Loss since the Establishment of the Group
First Loss since the Establishment of the Group Recognised net foreign exchange loss of approximately S$8.8 million in FY2022 Profit / (Loss) for the year 3.5 Proactively taken various initiatives to mitigate the overarching effects of the COVID-19 pandemic over the recent years: S$ million (10.5) F
Slide 8: Recent Updates
Recent Updates TV Program and Film Production Signed a collaboration agreement with iQIYI to produce the second season of long drama “Strange Tales of Tang Dynasty 唐朝詭事錄” drama series and production commenced in March 2023; and Expect to materialise drama productions collaborations with Youku in
Slide 9: Recent Updates
Recent Updates TV Program and Film Production Commenced pre-production for “Nanyang Transport Volunteers 南洋英雄”, the third drama series of the Nanyang genre; and Launched our own label “Legendary short drama” on Douyin (抖音)(also known as Tik Tok). 9
Slide 10: Recent Updates
Recent Updates Concert Production Successfully organised Jay Chou’s Carnival World concerts in Kuala Lumpur, Malaysia and Sydney, Australia in first quarter of 2023; Expect to invest in Jay Chou’s Carnival World concerts in four Chinese cities including Taiyuan, Hohhot in the People’s Republic o
Slide 11: Recent Updates
Recent Updates Musical Play Productions Large-scale original musicals for “The Ferryman 靈魂擺渡” and “Strange Tales of Tang Dynasty 唐朝詭事錄” achieved new breakthroughs; and Expect to have more than 100 shows in China. 11
Slide 12: Recent Updates
Recent Updates Other Initiatives Launched the plan to build our media production hub in Jakarta, Indonesia Focus on utilising professional cinematic capabilities to enhance the quality of short-form videos, which will then be mass-produced and monetised for the e-commerce market in Asia. Expan
Slide 13: Re-Igniting our Growth Engines Powering our Ambitions in Asia
Re-Igniting our Growth Engines Powering our Ambitions in Asia Ability to produce high quality and Management bench strength with Strong network of business Growing portfolio of artistes contribute well-received dramas and films led by experience and capabilities spanning relationships and partnershi
Slide 14: FY2022 Performance Summary
Section 2 FY2022 Performance Summary 14
Slide 15: Revenue Highlights for FY2022
Revenue Highlights for FY2022 COVID-19 measures in China impacted GHY’s revenue performance, while the Concert Production business rebounded strongly in FY2022 TV & Film Productions Concert Productions Others 83.3 7.6 Revenue declined approximately S$37.6 million or 45.1% to S$45.7 million in FY2022
Slide 16: Gross Profit Highlights for FY2022
Gross Profit Highlights for FY2022 Higher contribution from the Group’s Concert Production business Gross Profit Breakdown 8% Gross profit margin increased to approximately 31.2% despite lower gross profit registered in FY2022: 33% FY2021 FY2022 • Lower gross profit contribution from the TV Program
Slide 17: Profit & Loss Highlights for FY2022
Profit & Loss Highlights for FY2022 Recognised net foreign exchange loss of approximately S$8.8 million in FY2022 Profit / (Loss) for the year 3.5 Proactively taken various initiatives to mitigate the overarching effects of the COVID-19 pandemic over the recent years: S$ million • As the Group has s
Slide 18: Cash Flow Highlights for FY2022
Cash Flow Highlights for FY2022 Committed to disciplined execution and prudent capital management 46.2 7.4 26.0 FY2021 3.6 1.7 Net cash used in operating activities FY2022 Generated net cash of S$5.9 million from operating activities Net cash used in investing activities Net cash used in financing a
Slide 19: Resilient Balance Sheet with Net Cash Position
Resilient Balance Sheet with Net Cash Position Well-placed within the industry value chain to pursue organic and inorganic growth Net Working Capital Cash and Cash Equivalents 135.6 Maintained a net working capital of approximately S$120.1 million 120.1 • To be used primarily for concert productions
Slide 20: Dividends Track Record
Dividends Track Record Committed to rewarding our shareholders Since our IPO listing, GHY has issued dividends to shareholders annually as part of our commitment to reward shareholders FY2020 FY2021 FY2022 While the Group has not performed as well as expected in FY2022, there is a need to reward the
Slide 21: Business Strategies and Growth Plans
Section 3 Business Strategies and Growth Plans 21
Slide 22: Eyes Turnaround and Growth in FY2023 with China's Reopening
Eyes Turnaround and Growth in FY2023 with China’s Reopening Business operations expected to normalise in FY2023 with China’s reopening and further easing of COVID-19 measures Continued commitment to creating sustainable returns Good content slate expected in FY2023 for TV Program & Film Production
Slide 23: Nurturing future talents and bolster local talent
Nurturing future talents and bolster local talent Supporting our ambitions to expand our regional footprint Identify and promote talent across Southeast Asia • Provide valuable exposure to end-to-end production capabilities and opportunities to learn from industry professionals • Tie-ups with indu
Slide 24: Directing our path to sustainable innovation and growth
Directing our path to sustainable innovation and growth Building an entertainment ecosystem to be a leading player in the Asia Pacific media and entertainment industry Ability to produce high quality Management bench strength Strong network of business Growing portfolio of artistes and well-received
Slide 25: Resolutions
Section 4 Resolutions 25
Slide 26: Ordinary Resolution 1
ORDINARY RESOLUTION 1 Click to edit Master title style To receive and adopt the Directors’ Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2022 together with the Auditors’ Report thereon 26
Slide 27: Ordinary Resolution 2
ORDINARY RESOLUTION 2 Click to edit Master title style To declare a final tax exempt (one-tier) dividend of 0.10 Singapore cents per ordinary share for the financial year ended 31 December 2022 27
Slide 28: Ordinary Resolution 3
ORDINARY RESOLUTION 3 Click to edit Master title style To approve the payment of Directors’ fees of $410,000 for the financial year ending 31 December 2023, to be paid half-yearly in arrears 28
Slide 29: Ordinary Resolution 4
ORDINARY RESOLUTION 4 Click to edit Master title style To re-appoint Deloitte & Touche LLP, Public Accountants and Chartered Accountants, Singapore as Auditors of the Company to hold office until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remunerati
Slide 30: Ordinary Resolution 5
ORDINARY RESOLUTION 5 Click to edit Master title style To approve the authority to allot and issue shares in the capital of the Company 30
Slide 31: Ordinary Resolution 6
ORDINARY RESOLUTION 6 Click to edit Master title style To approve the authority to grant awards and issue shares pursuant to the GHY Performance Share Plan 31
Slide 32: Ordinary Resolution 7
ORDINARY RESOLUTION 7 Click to edit Master title style To approve the authority to grant options and issue shares pursuant to the GHY Employee Share Option Scheme 32
Slide 33: Ordinary Resolution 8
ORDINARY RESOLUTION 8 Click to edit Master title style To approve the proposed renewal of the Share Purchase Mandate 33
Slide 34: Ordinary Resolution 9
ORDINARY RESOLUTION 9 Click to edit Master title style To approve the proposed renewal of the Shareholders’ General Mandate for Interested Person Transactions 34
Slide 35: Q&A Session
KK 15 15 ¥ G.H.Y Culture & Media
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