Grp Ltd. · SGX:BLU
Grp — Shareholder Meeting (October 2021)
9 slides from Grp's shareholder meeting presentation, Oct 26, 2021
Slide 1: GRP Limited AGM
GRP Limited AGM 26 October 2021
Slide 2: Disclaimer
Disclaimer This presentation contains privileged and confidential information and the copying or distribution of it or any information it contains is prohibited. If you have received this presentation in error, please delete and remove all physical and soft copies and notify GRP Limited (GRP) by ema
Slide 3: 2021 Business Review
2021 Business Review Revenue of $14.361m excluding Luminor Financial Holdings Limited Highlights • Revenue of S$14.361m excludes contribution from LFHL, versus S$15.114m in FY2020 (restated to exclude contribution from LFHL) • Revenue for the Group was ~5% lower than that of FY2020 due to the lower
Slide 4: Key Financial Indicators
Key Financial Indicators Balance sheet remains extremely healthy – High cash levels, extremely low gearing ✓ Cash accounts for 60% of NAV (S$’000) 2021 2020 *FY2021 cash and cash equivalents include those held by LFHL for purposes Cash & Cash Equiv. 42,257* 38,579 of this calculation. Cash and cash
Slide 5: Group Business Updates
Group Business Updates Strategy to grow through own developments and M&A Hose & Marine, Measuring Instruments Will continue to • Focus on increasing brand agencies and complementary products • Leverage on existing distribution networks and channels to increase coverage Property • Focus will be on de
Slide 6: First Affordable Housing Project in Seri Iskandar
First Affordable Housing Project in Seri Iskandar 1,039 terraces, 28 shops – Official launch on 11 November 2021 Key Details 2020 Ratus Nautika Sdn Bhd (an indirect subsidiary of GRP), entered into a Joint Venture Development Agreement (“JVDA”) 2 Dec and was appointed by Lembaga Perumahan Dan Hartan
Slide 7: First Affordable Housing Project in Seri Iskandar
First Affordable Housing Project in Seri Iskandar 1,039 terraces, 28 shops – Official launch on 11 November 2021 Photos of Show Flats Note: Interior treatment done as mock-up for show flat purposes Bedroom 2 Bedroom 2 Dry Kitchen Wet Kitchen Bedroom 3 Bedroom 3 Master Bedroom GRP Limited 7
Slide 8: Distribution-in-Specie of shares of LFHL
Distribution-in-Specie of shares of LFHL Dividend of 2 LFHL shares for every 3 shares of GRP held Current Shareholding Structure GRP Limited 100% GRP Land Pte Ltd 100% GRP Chongqing Land Pte Ltd 83.17% Luminor Financial Holdings Limited Timeline 2016 Jan Completed acquisition of 120m ordinary shares
Slide 9: Distribution-in-Specie of shares of LFHL
Distribution-in-Specie of shares of LFHL Dividend of 2 LFHL shares for every 3 shares of GRP held Strategy Recap & Update: • Acquisition was part of GRP’s plan to grow the property business via M&A opportunities and allowed GRP to takeover “de-risked” completed units as well as an established manage