Mooreast Holdings Ltd. · SGX:1V3
Mooreast — Shareholder Meeting (April 2023)
22 slides from Mooreast's shareholder meeting presentation, Apr 28, 2023
Slide 1: FY2022 Annual General Meeting
FY2022 Annual General Meeting 28 April 2023
Slide 2: Agenda
AGENDA Corporate Milestones Strategies and Review Financial Highlights Outlook
Slide 3: Corporate Milestones
Corporate MILESTONES May 2022 July 2022 August 2022 February 2023 • Outlined Post- • Incorporated • First • Signed IPO Growth Mooreast UK to commercial agreement to Strategies, tap renewable floating wind explore namely: energy farm project in establishing • Develop New opportunities in Japan secure
Slide 4: Strategies and Review
Strategies and Review
Slide 5: Strategy – New Products for Renewable Sector
Strategy 1 – New Products for Renewable Sector • Specialised products developed for floating renewable market, such as: • Flagship MA9P anchors • Dual Axis Chain Stopper • In-line tensioner • Enhanced engineering and analysis capabilities to offer tailored solutions together with products
Slide 6: Strategy – Capture Offshore Wind Energy Opportunities
74GW of FOW commitment by 2030 Globally Strategy 2 – Capture Offshore Floating Wind Commitment by 2030 (GW) Wind Energy Opportunities • Globally, governments are accelerating Scotland & UK, 20 offshore wind farm development to meet energy capacity targets • Increasing number of floating offshore EU,
Slide 7: Strategy – Establishing New Partnerships
Strategy 3 – Establishing New Partnerships • Signed an agreement with ETZ Ltd in February 2023 to explore establishing manufacturing facility in Aberdeen, Scotland • Mooreast intends to strengthen collaborations with developers in the UK and Europe • Moving forward, Mooreast will establish partnersh
Slide 8: Strategy – Enhancing Yard Division
Strategy 4 – Enhancing Yard Division • Established Yard division in September 2021 and contributed first full-year revenue of S$7.0 million in FY2022 • Moving forward, we will enhance quayside services to capture the current growth of the O&M activities and build a strong foundation to capture renew
Slide 9: Financial Highlights
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Slide 10: FY2022 Financial Performance Snapshot
FY2022 Financial Performance Snapshot S$’000 FY2022 FY2021 Change (%) Revenue 27,838 14,200 96 Gross Profit 10,864 6,014 81 Gross Profit Margin (%) 39.0 42.4 (3.4) ppt* Profit/(Loss) before Tax 1,998 (2,109) NM^ Net Profit/(Loss) After Tax 1,373 (2,296) NM Earnings/(Loss) Per Share 0.53 (7) NM (Sing
Slide 11: Outlook
OUTLOOK Our strategies will drive revenue growth, and enable Group to secure new opportunities 1 in renewable energy segment Incorporation of Mooreast UK and upcoming Aberdeen facility will strengthen the 2 Group’s ability to position itself in floating renewable projects in Europe Further enhance Y
Slide 12: Mooreast Holdings Ltd contact details
Mooreast Holdings Ltd WeR1 Consultants Pte Ltd 51 Shipyard Road 1 Raffles Place #02-01 One Mooreast Offshore Base Raffles Place Mall Suite 332 Singapore 628139 Singapore 048616 Tel: (65) 6542 8001 Tel: (65) 6721 47161 Email: salescontact@mooreast.com Email: Mooreast@wer1.net
Slide 13: Resolution 1 – Adopt directors' statement and audited financial statements
Resolution 1 – to receive and adopt the directors’ statement and audited financial statements for the financial year ended 31 December 2022 together with the auditors’ report thereon
Slide 14: Resolution 2 – Re-elect Mr Ong Yong Loke Joseph as Director
Resolution 2 – to re-elect Mr Ong Yong Loke Joseph as Director
Slide 15: Resolution 3 – Re-elect Mr Zulkifly bin Zakaria as Director
Resolution 3 – to re-elect Mr Zulkifly bin Zakaria as Director
Slide 16: Resolution 4 – Approve Directors' fees of S$110,000
Resolution 4 – to approve the Directors’ fees of sgd110,000 for the financial year ending 31 December 2023
Slide 17: Resolution 5 – Re-appoint Ernst & Young LLP as auditors
Resolution 5 – to re-appoint Ernst & young LLp as auditors of the company and authorise the directors to fix their remuneration
Slide 18: Resolution 6 – Authority to allot and issue shares
Resolution 6 – authority to allot and issue shares
Slide 19: Resolution 7 – Performance share plan authority
Resolution 7 – authority to grant awards and issue shares in accordance with Mooreast performance share plan
Slide 20: Resolution 8 – Share option scheme authority
Resolution 8 – authority to grant option and issue shares in accordance with Mooreast share option scheme
Slide 21: Poll Results
POLL RESULTs Votes in Favour Votes Against Abstained Resolutions Number of Percentage Number Percentage Number of shares (%) of (%) shares shares Resolution 1 - To receive and adopt the 199,060,561 100 0 0 directors’ statement and audited financial statements for the financial year ended 31 December
Slide 22: Poll Results
POLL RESULTs Votes in Favour Votes Against Abstained Resolutions Number of Percentag Number of Percentage Number of shares e shares (%) shares (%) Resolution 6 – Authority to allot and issue 192,260,561 96.58 6,800,000 3.42 shares Resolution 7 – Grant awards and to allot and 191,606,561 100 0 0 issu