MingZhu Logistics Holdings Ltd · OTC:YGMZF
MingZhu Logistics — Investor Presentation (June 2021)
28 slides from MingZhu Logistics's investor presentation, June 2021
Slide 1: MingZhu Logistics Holdings Limited Investor Presentation
MingZhu Logistics Holdings Limited Nasdaq: YGMZ MingZhu Logistics Holdings Limited Investor Presentation June 2021 Page 1
Slide 2: Safe Harbor & Free Writing Prospectus Statement
Safe Harbor & Free Writing Prospectus Statement Readers are cautioned that securities of MingZhu Logistics Holdings Limited (the “Company,” “we,” “our” or “us) are highly speculative. No representation or warranty, expressed or implied, is or will be made and, save in the case of intention or fraud,
Slide 3: Company at a Glance
Company at a Glance 4A-grade trucking service provider in China 2nd largest trucking service provider in the Guangdong region in 2017 MingZhu Logistics Holdings Limited 19 $18.8M $78.2K Years of Operation 2020 Revenue 2020 Net Income 2 108 76 Regional Terminals Tractors Trailers Page 3
Slide 4: Table of Contents
Table of Contents Investment Highlight MingZhu Logistics Holdings Limited Company Introduction Business Overview Industry Analysis Financials Page 4
Slide 5: Equity Snapshot
Equity Snapshot Ticker Symbol NasdaqCM: YGMZ Stock Price (6/28/21) $4.49 52-Week Price Range $3.66 – 58.00 MingZhu Logistics Holdings Limited Market Cap. $70.436M Enterprise Value (“EV”) $73.00M Shares Outstanding 15,945,277 Revenue (fiscal year 2020) $18.8M EBITDA (fiscal year 2020) $2.6M Net Incom
Slide 6: Investment Highlights
Investment Highlights Market Trend Business Model Network & Industry Barriers Expansion Plan MingZhu Logistics Holdings Limited Relationships Favorable trend in trucking A combination of own and We offer diversified logistic The industry has high entry Nasdaq listing will provide service sector of s
Slide 7: Company Overview
Company Overview Revenue from Guangdong province is primarily generated from highway transportation services and subcontracting business of air freight services. Primarily provide dedicated trucking Services are mostly embarking from the services within the PRC MingZhu Logistics Holdings Limited Pea
Slide 8: Corporate Structure and History
Corporate Structure and History MingZhu Logistics Holdings Limited (Cayman Islands) 2002 MingZhu Logistics Holdings Limited 100% Shenzhen Yangang MingZhu Freight Industry Co, ltd (“MingZhu”) was established MingZhu Investment Limited (BVI) 2010 100% Shenzhen Pengcheng Shengshi Logistics Co. Ltd. Was
Slide 9: Management
Management MingZhu Logistics Holdings Limited Jinlong Yang Zhuo Wang Jingwei Zhang Chairman & CEO Director CFO Chairman and CEO of the Company Director of the Company since April 2018 CFO of the Company since April 2018 and since April 2018. Marketing Manager of Springview Financial Director
Slide 10: Independent Directors
Independent Directors Mikael Charette Yanhong Xue To Wai Suen MingZhu Logistics Holdings Limited Independent Director Independent Director Independent Director Vice Chairman and Director of the CFO of iFresh Inc. (Nasdaq: IFMK) since Independent director of China Zenix Auto Canadian Chamber of
Slide 11: Delivery Network
Delivery Network Regional Transportation MingZhu Logistics Holdings Limited Highway Transportation Our delivery network covers 29 out of the 34 provinces and autonomous regions in China, representing 85.3% of network coverage. Page 11
Slide 12: Fleet
Fleet We have a sizable fleet and a network of subcontractors, which enables us to provide reliable and flexible trucking services MingZhu Logistics Holdings Limited Self-owned fleet 108 tractors and 76 trailers Invested in 56 of Liquefied Natural Gas (LNG) transportation vehicles to reduce carb
Slide 13: Customers and Suppliers
Customers and Suppliers CUSTOMERS: Customers are mainly sizeable third-party logistics companies, freight forwarders, warehouse operators, and other supply chain service providers in the PRC. MingZhu Logistics Holdings Limited Long term relationships with ANE Group – 9 years SUPPLIERS: The suppliers
Slide 14: Awards and Recognitions
Awards and Recognitions Accredited by the China Federation of Logistics & Purchasing as a 4A-grade trucking services company for the period of September 2020 to September 2021. A 4A-grade trucking services provider must meet the criteria of being able to cover routes across provinces and have (1) RM
Slide 15: Competitive Strengths
Competitive Strengths Substantial Industry Experience Sizable Fleet Over 19 years of operation in the Self-owned fleet consist of 108 tractors MingZhu Logistics Holdings Limited transportation service industry and 76 trailers Cater to the needs of all customers Business relationships with se
Slide 16: Growth Strategies
Growth Strategies Attract/Retain Talents Expand/Upgrade Fleet Strengthen Info. Tech. System Attract, retain, and develop the best talent Acquire additional tractors, trailers and Acquire a customized integrated MingZhu Logistics Holdings Limited in the industry across all levels trucks transpo
Slide 17: China's Trucking Service Market
China’s Trucking Service Market The revenue of China’s trucking service market grew at a CAGR of 1.6% from RMB4.77 trillion (approximately $694.0 billion) in 2012 to RMB5.16 trillion (approximately $750.8 billion) in 2017 and is projected to further grow at a CAGR of 2.5% to RMB5.70 trillion (appr
Slide 18: Industry Growth Drivers
Industry Growth Drivers The growth of the trucking service market is driven by population growth, economic growth, particularly the e-commerce boom, the infrastructure buildout, and government support. MingZhu Logistics Holdings Limited Source: National Bureau of Statistics; The Frost & Sullivan R
Slide 19: The Guangdong Market
The Guangdong Market Total road freight traffic volume in Guangdong grew at a CAGR of 3.1% from 2.61 billion tons in 2013 to 3.05 billion tons in 2018 and is projected to further grow at a CAGR of 2.9% to 3.52 billion tons in 2023. Revenue of the trucking service market in Guangdong reached RMB9
Slide 20: The Xinjiang Market
The Xinjiang Market Xinjiang houses a crucial segment of the Silk Road leading to Euroasia and is expected to benefit from the “One Belt, One Road” initiative. MingZhu Logistics Holdings Limited Xinjiang’s GDP grew from approximately RMB0.75 trillion (approximately $0.11 trillion) in 2012 to RMB
Slide 21: Current Environment and Future Trends
Current Environment and Future Trends Future Trends MingZhu Logistics Holdings Limited Development of comprehensive transportation network Start-up Rapidgrowth Mature Perfecting Environmental- Initial Stage friendly Stages Stage Stage Stage 1978~1986 transportation 1949~1978 1986~1998 1998~2010
Slide 22: Competition
Competition Ranking of Top 5 Trucking Service Providers (Guangdong), 2017 Highly competitive and fragmented with thousands of Revenue (RMB small players, none of which dominates the market. Rank Company Name Market Share(%) Millions) MingZhu Logistics Holdings Limited Ranked 2nd largest trucking
Slide 23: Impact of Covid-19
Impact of Covid-19 We are closely monitoring the development of the COVID-19 pandemic and will continually assess its potential impact to our business MingZhu Logistics Holdings Limited The outbreak of COVID-19 since the beginning of 2020 has adversely impacted the global economy. With daily life in
Slide 24: Financial Highlights
Financial Highlights Revenue ($’000) and Operating Margin (%) EPS ($) 0.35 MingZhu Logistics Holdings Limited 0.3 0.32 29,411 0.25 27,647 0.2 0.15 0.18 20,616 18,794 0.1 0.14 0.05 0.08 0 2017 2018 2019 2020 14.6% 11.2% Revenue decreased by 36.1% to $18.8 million for 2020 and 9.1% the decrease was
Slide 25: Income Statement
Income Statement Income Statement 2018 2019 2020 ($’000, except per share data) Revenues 27,647 29,411 18,794 Transportation costs 22,399 25,358 16,011 General and administrative expenses 1,147 1,299 1,321 Sales and marketing expenses 66 78 50 MingZhu Logistics Holdings Limited Total costs and expen
Slide 26: Balance Sheet
Balance Sheet Balance Sheet 2018 2019 2020 (US$ thousands) Cash 648 224 2,106 Restricted cash 160 0 9,500 Accounts receivable, net 7,393 10,884 5,344 Operating supplies 4 - - Prepayments 1,868 1,934 1,059 MingZhu Logistics Holdings Limited Other receivables 443 430 11,448 Amount due from related par
Slide 27: Statement of Cash Flows
Statement of Cash Flows Statement of Cash Flows (US$ thousands) 2018 2019 2020 Net income 2,855 1,643 782 Loss on disposal of equipment 7 (26) (18) Provision of doubtful accounts 64 34 83 Amortization of deferred financing fees 218 176 124 Depreciation for property and equipment 1,375 1,366 1,519 De
Slide 28: Contacts
Contacts At the Company: Investor Relations: Jingwei Zhang David Pasquale +86-186-5937-1270 +1-914-337-8801 company@szygmz.com YGMZ@globalirpartners.com
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