Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Shareholder Meeting (January 2022)
16 slides from Yoma Strategic's shareholder meeting presentation, Jan 28, 2022
Slide 1: Yoma Strategic Holdings FY2021 Annual General Meeting
YOMA STRATEGIC HOLDINGS FY2021 ANNUAL GENERAL MEETING 28 JANUARY 2022
Slide 2: Myanmar's Economic Outlook
MYANMAR’S ECONOMIC OUTLOOK Myanmar facing a contraction in GDP with lower FDI, now originating mainly from Asia 10.00% 6.41% 6.41% 6.75% 5.75% GDP growth compared to previous years 5.00% 3.19% 2.49% 0.00% -0.06% -5.00% US$3.79 billion -10.00% -15.00% -20.00% -17.94% 2016 2017 2018 2019 2020 2021* 20
Slide 3: COVID-19 and Business Environment Disruptions
COVID-19 AND BUSINESS ENVIRONMENT DISRUPTIONS MYANMAR’S VACCINATION PROGRAMME • Third wave of COVID-19 in July 2021 with very severe infection rates. • Nationwide vaccination programmes have begun. • 38.9 million vaccine doses1 have been administered as of 15 January 2022. BUSINESS ENVIRONMENT DISRU
Slide 4: Yoma's COVID-19 Measures
YOMA’S COVID-19 MEASURES • Activation of COVID-19 measures, including work-from-home arrangements. • Front line staff continued operations with additional health and safety precautions. • Provided medical assistance to employees and their families through Telemed services. • Deployed significant eff
Slide 5: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS KEY INCOME STATEMENT ITEMS Decline in revenue was mainly Smaller losses were mainly US$million driven by: 120 driven by: 100 • Significant impact of COVID-19 80 103.4 • Declines in administrative and 87.3 and the uncertain operating 60 interest expenses by 15.8% 40 environme
Slide 6: Adapting Through a Leaner Organisation: Reducing Expenses
ADAPTING THROUGH A LEANER ORGANISATION REDUCING EXPENSES Reduction in fixed staff costs by more than 60%. Transition to a more localised management team. Reduction in other non-staff overheads.
Slide 7: Adapting Through a Leaner Organisation: Monitoring Cashflow
ADAPTING THROUGH A LEANER ORGANISATION MONITORING CASHFLOW Accelerated inventory Deferred most capital turnover. expenditures. Converted under-utilised assets into revenue and cash generating opportunities.
Slide 8: Managing the Balance Sheet: Net Debt and Net Gearing Ratio
ADAPTING THROUGH A LEANER ORGANISATION MANAGING THE BALANCE SHEET NET DEBT AND NET GEARING RATIO • Gearing ratio continued to remain well US$million below the maximum target of 40%. • Gross repayment of borrowings in FY2021. • The increase in gearing ratio was mainly due to the US$46 million shareho
Slide 9: Yoma Land: Remaining Resilient
YOMA LAND: REMAINING RESILIENT • Positive on the outlook for real estate. Earning Highlights US$million • Increased interest from potential Real Estate Development 12M-Sept2020 12M-Sept2021 buyers looking to invest and store Revenue 31.7 32.5 Gross profit 7.0 8.0 wealth in hard assets. Loss before i
Slide 10: Yoma Land: Strong Execution in Difficult Times
YOMA LAND: STRONG EXECUTION IN DIFFICULT TIMES • Substantial progress at StarCity during FY2021: • Completion and handover of two City Loft towers. • Opened The Hangar retail complex. • Opened the Star Ferry Terminal and commenced Star Ferry service to downtown Yangon. • Converted the Dulwich Colleg
Slide 11: Yoma Financial Services: A Shift in Yoma Fleet's Portfolio
YOMA FINANCIAL SERVICES: A SHIFT IN YOMA FLEET’S PORTFOLIO • Finance leases constituted 35.1% of Earning Highlights US$million Yoma Financial Services 12M-Sept2020 12M-Sept2021 Yoma Fleet’s revenue in 12M-Sept2021, Revenue 7.3 6.7 up from 29.7% in 12M-Sept2020. Gross profit 3.6 3.3 • Finance leases
Slide 12: Yoma Financial Services: Yoma to Take Controlling Interest in Wave Money
YOMA FINANCIAL SERVICES: YOMA TO TAKE CONTROLLING INTEREST IN WAVE MONEY1 • Resilience in Wave Money’s business: • Temporary suspension of 4G mobile INTEREST IN WAVE MONEY TO INCREASE network and short-term cash shortages FROM THE CURRENT 44% TO UP TO 70%2 in the market caused significant disruption
Slide 13: Yoma F&B: Impacted by Significant Operational Disruptions
YOMA F&B: IMPACTED BY SIGNIFICANT OPERATIONAL DISRUPTIONS Restaurants business impacted by: US$million Earning Highlights Yoma F&B 12M-Sept2020 12M-Sept2021 • Shortened operating hours. • Disrupted trade zones. Revenue – Restaurants 24.5 13.6 • Precautionary health and safety Revenue – Logistics 7.0
Slide 14: Yoma F&B: Right-Sized to a More Focused and Efficient Platform
YOMA F&B: RIGHT-SIZED TO A MORE FOCUSED AND EFFICIENT PLATFORM 2013 - 2018 2019-2020 2021 KFC BUILDS PRESENCE AND SCALE FOCUS ON PROFITABILITY • KFC was the first global QSR • Right-sized the Restaurants platform. brand to enter Myanmar in 2013. • Closed Little Sheep Hotpot and • Expansion of KFC in
Slide 15: Yoma Motors: Impacted by Significant Operational Disruptions
YOMA MOTORS: IMPACTED BY SIGNIFICANT OPERATIONAL DISRUPTIONS • Disruptions to the availability of US$million US$million Earning Highlights customer financing. Yoma Motors 12M-Sept2020 12M-Sept2021 • Periodic closures of vehicle registration offices and dealer Revenue – Heavy Equipment 17.1 11.2 show
Slide 16: Thank You
THANK YOU FY2021 ANNUAL GENERAL MEETING
Yoma Strategic Holdings — Shareholder Meeting (January 2022) on 6ix