Triller Group Inc. · NASDAQ:ILLR
Triller — AGBA Group Holding — Investor Presentation (April 2023)
25 slides from Triller's investor presentation, Apr 14, 2023
Slide 1: Financial Projections 2023 - 2027 and Valuation
Financial Projections 2023 - 2027 and Valuation April 2023 Public Release, April 2023
Slide 2: Disclaimer and Confidentiality
2 Disclaimer and Confidentiality 2 Safe Harbor Disclaimer for Forward - Looking Statements : This presentation has been prepared by management of AGBA Group Holding Limited (together with its subsidiaries, collectively “AGBA”) and does not constitute a prospectus, and should under no circumstances b
Slide 3: Disclaimer and Confidentiality (cont.)
3 Disclaimer and Confidentiality 3 Forward - Looking Statements (cont . ) : Such risks, uncertainties and assumptions include, but are not limited to : ( 1 ) our ability to grow our revenues, both in the aggregate and also within each of our business sectors ; ( 2 ) our ability to manage our growth
Slide 4: Objectives of this Document
4 Objectives of this Document 4 4 This Document intends to: Lay out and explain the key drivers of revenue, costs and earnings of each of the four business units of AGBA Group Provide AGBA Management’s projections for 2023 to 2027 Express AGBA Management’s views on valuation methodologies and valuat
Slide 5: Table of Contents
5 Table of Contents 5 5 1. AGBA’s Four Key Business Lines 6 2. Key Drivers of Growing Topline 7 3. Key Actions 8 - 11 4. 2023 Projections 12 5. 2023 - 2027 Projections 13 - 14 6. Summary Valuation 15 - 17 7. Key Business Line Projections 18 - 22 8. Appendix 23 Public Release, April 2023 Page
Slide 6: AGBA Group – Four Key Business Lines
6 AGBA Group – Four Key Business Lines 6 6 ▪ Full - service platform serving brokers, banks, family offices ▪ “Financial supermarket” with almost 2,000 financial products ▪ P ersonal financial advisory business to individuals ▪ >1,500 licensed financial advisors ▪ Selling insurance, investments and
Slide 7: Key Drivers of Growing Topline
7 Key Drivers of Growing Topline 7 7 Independent Financial Advisors (IFA) ▪ # 1 independent financial service provider in Hong Kong . ▪ 1 , 500 + financial consultants generating > HK $ 1 bn in annual commissions . ▪ Distributing almost 2 , 000 financial products and services from global premier fin
Slide 8: Grow Topline Revenue
8 Grow Topline Revenue* 8 8 4.1X * Financial projections from 2023 - 2027 Public Release, April 2023 980 3,074 198 1,600 50 414 0 1,000 2,000 3,000 4,000 5,000 6,000 2023 2027 IFA, Alternative Distribution and GBA Referral - Revenue (HKD in Mn) IFA Alternative Distribution GBA Referral Distribution
Slide 9: Invest in Sales
Invest in Sales* 9 9 3.4X 785 2,040 103 825 39 273 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2023 2027 IFA, Alternative Distribution and GBA Referral - Sales Costs (HKD in Mn) IFA Alternative Distribution GBA Referral Public Release, April 2023 * Financial projections from 2023 - 2027 Distribution B
Slide 10: Generate Step Change in Gross Margin
10 Generate Step Change in Gross Margin* 10 10 195 1,034 95 775 11 141 0 500 1,000 1,500 2,000 2,500 2023 2027 IFA, Alternative Distribution and GBA Referral - Gross Margin (HKD in Mn) IFA Alternative Distribution GBA Referral 6.5X * Financial projections from 2023 - 2027 Public Release, April 2023
Slide 11: Provide Scale to Platform Business
11 Provide Scale to Platform Business* 11 11 273 1,169 382 431 0 200 400 600 800 1,000 1,200 1,400 2023 2027 Platform Fees vs Platform OpEx (HKD in Mn) Platform Fees Platform OpEx * Financial projections from 2023 - 2027 Public Release, April 2023 Platform Business: Margin: NM 63%
Slide 12: AGBA Group – 2023 Projections
12 AGBA Group – 2023 Projections 12 12 Public Release, April 2023 HK$ Mn Distribution Platform FinTech Corporate Eliminations Group Income Statement Distribution Revenue 1,216.6 - - - - - - - - - - - - 1,216.6 Platform Revenue - - - 273.5 - - - - - - (273.5) - - - Financial Revenue - - - - - - - - -
Slide 13: AGBA Group – Road Ahead
13 AGBA Group – Road Ahead 13 13 Public Release, April 2023 AGBA Group HK$ Mn 2023 2024 2025 2026 2027 CAGR Revenue $1,240 $2,334 $3,186 $4,126 $5,111 42% Sales Costs (927) (1,592) (2,019) (2,507) (3,138) 36% Gross Margin 313 742 1,167 1,619 1,972 58% Expense (740) (694) (717) (759) (801) 2% Profit
Slide 14: AGBA Group – 2027 Projections
14 AGBA Group – 2027 Projections 14 14 Public Release, April 2023 HK$ Mn Distribution Platform FinTech Corporate Eliminations Total Income Statement Distribution Revenue 5,110.6 - - - - - - - - - - - - 5,110.6 Platform Revenue - - - 1,169.3 - - - - - - (1,169.3) - - - Financial Revenue - - - - - - -
Slide 15: Summary Valuation
Summary Valuation Public Release, April 2023
Slide 16: AGBA Group – Valuation Today (Trading Multiples)
16 AGBA Group – Valuation Today (Trading Multiples) 16 16 Public Release, April 2023 Based Median Resulting Comparable Trading Statistics On: Multiple Benchmark Value 2023E Distribution Business Revenue 2.5x $954.8 $2,387.0 Platform Business Revenue 6.0x 273.5 1,640.9 Fintech Business AuM 80.0% 222.
Slide 17: AGBA Group – Valuation Today (Discounted Cash Flow)
17 AGBA Group – Valuation Today (Discounted Cash Flow) 17 17 Public Release, April 2023 Distribution Business: ▪ Value: about HK$2.2bn Platform Business: ▪ Value: about HK$4.9bn Fintech Business: ▪ Value: about HKD 250m Notes: • Non - Core Divestments = estimated sales proceeds. • Cost of capital (d
Slide 18: Key Business Line Projections
Key Business Line Projections Public Release, April 2023
Slide 19: Distribution Business 2023 – 2027 Projections
19 Distribution Business 2023 – 2027 Projections 19 19 Public Release, April 2023 Consists of: • IFA • Alternative Distribution • GBA Referrals • Digital Revenue (HK$ in Mn) Expense (HK$ in Mn) Profits (HK$ in Mn) 910 731 1,228 2,267 3,137 4,062 5,111 0 1,000 2,000 3,000 4,000 5,000 6,000 2021 2022
Slide 20: Platform Business 2023 – 2027 Projections
20 20 20 Public Release, April 2023 Revenue (HK$ in Mn) Expense (HK$ in Mn) Profits (HK$ in Mn) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 114 143 171 171 179 188 196 196 194 211 199 206 220 235 0 200 400 600 2021 2022 2023 2024 2025 2026 2027 Commissions and Costs Platform Costs Direct Expense Indirect Expense 17
Slide 21: Fintech Business 2023 – 2027 Projections
21 Fintech Business 2023 – 2027 Projections 21 21 Public Release, April 2023 697 (4) 0 67 49 64 0 (100) 0 100 200 300 400 500 600 700 800 2021 2022 2023 2024 2025 2026 2027 697 (4) 0 67 49 64 0 (100) 0 100 200 300 400 500 600 700 800 2021 2022 2023 2024 2025 2026 2027 Revenue (HK$ in Mn) Expense (HK
Slide 22: AGBA Group 2023 – 2027 Projections
22 AGBA Group 2023 – 2027 Projections 22 22 Public Release, April 2023 Revenue (HK$ in Mn) Expense (HK$ in Mn) Profits (HK$ in Mn) Note: Projections do not include Healthcare Business. 1,621 734 1,240 2,334 3,186 4,126 5,111 0 1,000 2,000 3,000 4,000 5,000 6,000 2021 2022 2023 2024 2025 2026 2027 70
Slide 23: Appendix
Appendix Public Release, April 2023
Slide 24: Healthcare Business 2023 – 2027 Projections
24 Healthcare Business 2023 – 2027 Projections 24 24 Public Release, April 2023 Revenue (HK$ in Mn) Expense (HK$ in Mn) Profits (HK$ in Mn) Note: revenue shown before deducting Platform Fees. ▪ Projections shown for illustrative purposes. ▪ Not included in AGBA Group projections. ▪ AGBA Group curren
Slide 25: Thank You
THANK YOU For further information, please visit www.agba.com Investor Relation Enquires: agbagroup ir@agba.com +852 5529 4500 Public Release, April 2023
AGBA Group Holding — Investor Presentation (April 2023) on 6ix