Trendlines Group Ltd. · SGX:42T
Trendlines — The Trendlines Group — Q2 2019 Earnings Presentation
20 slides from Trendlines's earnings presentation, Aug 7, 2019
Slide 1: The Trendlines Group Financial Highlights Q2 2019
The Trendlines Group Financial Highlights Q2 2019 Steve Rhodes Todd Dollinger Haim Brosh Chairman and CEO Chairman and CEO Chief Financial Officer 7 August 2019 SGX:42T OTCQX: TRNLY
Slide 2: Agenda
Agenda • Corporate highlights • Financial highlights • Post Q2 2019 developments 2
Slide 3: Legal disclaimer
Legal disclaimer Important notice This presentation is for informational purposes only and does not constitute or form any part of any offer for sale or subscription of, or solicitation of, any offer to buy or subscribe for any securities of The Trendlines Group Ltd. (“Company”) or any of its portfo
Slide 4: Corporate highlights
Corporate highlights
Slide 5: 12 years of portfolio value expansion
12 years of portfolio value expansion Note: Portfolio value does not US$ millions reflect 6 Singapore-based companies due to consolidation Portfolio value with exit proceeds 140 120 Portfolio value* (excluding consolidated subsidiaries) 100 Cumulative exit proceeds 80 60 40 20 0 31.12.08 31.12.09 31
Slide 6: Key financial developments Q2 2019
Key financial developments Q2 2019 30 June 2019 31 December 2018 Change Portfolio value US$ 95.6 million US$ 97.2 million - US$ 1.6 million Book value US$ 84.4 million US$ 86.4 million - US$ 2 million Current assets US$ 8.9 million US$ 11.8 million - US$ 2.9 million Q2 2019 Q2 2018 Change Total G&A
Slide 7: Key corporate developments Q2 2019
Key corporate developments Q2 2019 • Ongoing development of Agrifood Innovation Centre in Singapore • Value-building of existing portfolio companies reflected in portfolio company fund-raising in Q2. • Continued monitoring of cash and adjustments as needed 7
Slide 8: Portfolio company achievements
Portfolio company achievements • Stimatix GI Ltd. distributed dividend to shareholders, including Trendlines • ApiFix Ltd. closed Series B financing round and named a winner in MedTechInnovator Pediatric Pitch Event • STStent Ltd. completed successful feasibility study of its ArchSinus device as par
Slide 9: Financial highlights
Financial highlights
Slide 10: Consolidated condensed report of income
Consolidated condensed report of income CONSOLIDATED STATEMENTS OF PROFIT OR LOSS U.S. dollars in thousands, except share data 3 months ended 30 June 2019 2018 Income Loss from change in fair value of investments in Portfolio (1,143) (1,544) Companies Income from services to Portfolio Companies 1,25
Slide 11: Consolidated condensed report of income
Consolidated condensed report of income CONSOLIDATED STATEMENTS OF PROFIT OR LOSS U.S. dollars in thousands, except share data 3 months ended 30 June 2019 2018 Expenses Operating, general and administrative expenses 1,681 1,609 Marketing expenses 39 130 R&D expenses, net 221 242 Financial expenses 2
Slide 12: Key value components
Key value components Change in portfolio value during Q22019 Balance sheet as at 30 June 2019 (US$ millions) (3.3) (2.9) 3 (4.6) 8.9 (13.0) (0.9) 97.2 95.6 84.4 Net portfolio Investments Fair value Net portfolio Cash, short- Fair value of Deferred Deferred tax** Payables & Total equity value 31.12.1
Slide 13: Stock performance: Net Asset Value (NAV)
Stock performance: Net Asset Value (NAV) SGD USD NAV per share/ADR* S$ 0.19 US$ 7.00 Price per share/ADR** S$ 0.081 US$ 3.20 % discount to NAV 58% 54% *As at 30 June 2019 **Market close as at 5 Aug 2019 13
Slide 14: Stock performance: Trendlines vs. Catalist trends
Stock performance: Trendlines vs. Catalist trends 12-month Trendlines vs Catalist Index Trend 450 14 400 12 350 10 300 FTSE ST Catalist Index Trendlines’ price per share 8 250 200 6 150 4 100 2 50 0 0 1.8.18 3.9.18 1.10.18 1.11.18 3.12.18 2.1.19 1.2.19 1.3.19 1.4.19 2.5.19 3.6.19 1.7.19 1.8.19 FTSE
Slide 15: Post Q2 2019 developments
Post Q2 2019 developments
Slide 16: Post Q2 2019 developments
Post Q2 2019 developments • Librae Holdings Limited invested US$8 million in Trendlines at S$0.105 per share • Trendlines secured US$5 million commitment in new agrifood tech fund from global investment company • Bayer Trendlines Ag Innovation Fund invested in new company EcoPhage Ltd. • Prof. Mande
Slide 17: Looking ahead: Trendlines Agrifood Fund
Looking ahead: Trendlines Agrifood Fund US$40 million agrifood tech-focused venture fund • Will employ a blended early/late-stage investment strategy to • achieve early exits • attain IRR of at least 20% • US$5 million of fund secured from a prominent Singapore investment fund Trendlines Group VP Ni
Slide 18: AgriVest, September 2019, Tel Aviv
AgriVest, 24 September 2019, Tel Aviv 18
Slide 19: SGX: 42T OTCQX: TRNLY www.trendlines.com
SGX: 42T Steve Rhodes, Chairman & CEO OTCQX: TRNLY steve@trendlines.com Todd Dollinger, Chairman & CEO +972.72.260.7000 todd@trendlines.com www.trendlines.com Haim Brosh, Chief Financial Officer haim@trendlines.com 7 August 2019
Slide 20: Financial Statements and Related Announcement: Second Quarter and/or Half Yearly Results
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::SECOND QUARTER AND/ OR HALF YEARLY RESULTS issuer’ Manager THE TRENDLINES GROUP LTD. Securities THE TRENDLINES GROUP LTD. -1L0011328858 - 42T Stapled Security No Announcement Details Announcement Title Financial Statements and Related Announcement Date