Initiates Plc · NSENG:TIP
Initiates — The Initiates — Investor Presentation (November 2025)
28 slides from Initiates's investor presentation, November 2025
Slide 1: Investors Presentation
Investors Presentation www.initiatesgroup.com
Slide 2: Table of Contents
TABLE OF CONTENTS Section 1 MARKET OVERVIEW 3 Section 2 2025 PERFORMANCE REVIEW 7 Section 3 BUDGET 15 Section 4 2025 STRATEGY 19
Slide 3: Disclaimer
DISCLAIMER ▪ This presentation has been prepared by Anchoria Advisory Services Limited (“Anchoria” or “the Issuing House”) for the purpose of providing information on The Initiates Plc (“TIP” or “the Company”) with respect to its offer for subscription (“the Transaction”). It is intended for an audi
Slide 4: Presenters
PRESENTERS Mr. Ossai M. Reuben Dr. Rosemary Taneh Managing Director Chief Financial Officer
Slide 5: The Initiates Story
THE INITIATES STORY Strictly Private and Confidential
Slide 6: About The Initiates Plc
ABOUT THE INITIATES PLC The Initiates Plc (TIP) is a professional waste management We stand between industry and the environment and industrial cleaning company operating in Nigeria and to ensure: has an investment in The Initiates Uganda. COMPANY HIGHLIGHTS Good Existence of 1 TIP is licensed by NE
Slide 7: Vision, Mission, Core Value, and Goals
VISION, MISSION, CORE VALUE, AND GOALS, 01 02 03 04 Vision Mission Core Value Goals To be the Industry’s Professionalism; • Continually support To facilitate Industry and leading provider of risk- • Integrity sustainable production and free services through: Man co-existence in safe • Expertise cons
Slide 8: Our Services and Our Major Clients
OUR SERVICES OUR MAJOR CLIENTS Industrial Cleaning Services ▪ Tank/ FPSO/ FSO/ Sludge Evacuation ▪ Tank and Vessel Cleaning ▪ Boiler & Heat Exchanger Cleaning ▪ Jetting and Surface Preparation ▪ Pipe and Drainage Cleaning Waste Management Services • Hazardous Waste Incineration • Abestos Management
Slide 9: Opportunity in the Industry
OPPORTUNITY IN THE INDUSTRY Opportunities in the Industry Regulatory Enforcement: Strengthened environmental laws driving demand for professional public waste management Industrial Growth: Rising activity in manufacturing, construction, and energy sectors ESG & Sustainability Trends: Globally and co
Slide 10: The New Direction: 2026-2035
THE NEW DIRECTION: 2026 - 2035 CONSOLIDATION & DIVERSIFICATION The industry is robust and attractive as it is a living 1 industry that depends on continuous human activity. 1 The Strategy of the new decade shall be focused on consolidation and diversification into the It is strategic market entry in
Slide 11: Risk and Mitigants
RISK AND MITIGANTS RISKS MITIGANTS Maintained active engagement with Regulatory and Compliance Risk regulators, ensure all licenses and permits are up to date Adopted strict safety procedures and invested Operational and Environmental Risk in modern & well-maintained equipment Maintained advance pay
Slide 12: Board of Director
BOARD OF DIRECTOR Mr. Joe O. Anosikeh Mr. Ossai M. Reuben Dr. Oboh Godwin Oviemuno Chairman (INED) Managing Director Non-Executive Director Mr. Anosikeh holds a BSc in He is a Chartered Dr. Godwin Oboh is a Petroleum Surveying from the University of Environmentalist with over 20 Geologist and Reserv
Slide 13: Board of Director
BOARD OF DIRECTOR Prof. Edwars A.D Alikor Mr. Joseph Ebinum Dr. Dorothy Bassey Non-Executive Director Non-Executive Director Independent Non-Executive He is is a Professor of Paediatrics He is is a finance professional with Director at the University of Port Harcourt broad experience in accounting S
Slide 14: Management Team
MANAGEMENT TEAM Christian V. Ogidi Dr. Rosemary Taneh Charles E. Okafor Executive Director Chief Financial Officer General Manager, WMS Christian is an experienced Taneh holds a BSc (Accountancy), He is a computer scientist with management professional with a MBA and PhD in Management. over 18 years
Slide 15: Management Team
MANAGEMENT TEAM Chidinma Lauryn Onuoha Sunday O. Oyeniran Olaide Odejobi Manager QHSE Chief Internal Auditor Company Secretary & HR She is a graduate of industrial Sunday holds a BSc in Forensic Mrs. Odejobi is a detail-oriented chemistry with a master’s degree in Accounting, an HND in company secre
Slide 16: Financial Performance
FINANCIAL PERFORMANCE Strictly Private and Confidential
Slide 17: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Revenue (₦'m) Gross Profit (₦’m) 4,663 2,510 3,388 1,685 1,849 678 841 448 334 123 199 62 2020 2021 2022 2023 2024 H1-2025 2020 2021 2022 2023 2024 H1-2025 Profit for the year (₦'m) Dividend 1,380 0.1 936 0.06 0.05 348 (15) (30) (78) 0 0 2020 2021 2022 2023 2024 H1-2025 2020
Slide 18: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Total Assets (₦'m) Retained Earnings (₦’m) 6,518 2,555 5,120 1,708 2,560 2,090 1,794 412 1,144 78 0 2020 2021 2022 (53) 2023 2024 H1-2025 2020 2021 2022 2023 2024 H1-2025 Total Equity (₦'m) 3,321 2,474 1,178 844 767 713 2020 2021 2022 2023 2024 H1-2025
Slide 19: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS YTD Market Capitalization 452% ₦2.2 ₦12.3 billion billion 2-Jan-25 2-Feb-25 2-Mar-25 2-Apr-25 2-May-25 2-Jun-25 2-Jul-25 2-Aug-25 2-Sep-25 2-Oct-25 Return on Equity (%) Share Price 55.77% 1416% 29.56% 28.19% 2020 2021 2022 2023 2024 H1-2025 -1.97% -4.22% 2014 2016 2018 2020
Slide 20: The Offer
THE OFFER Strictly Private and Confidential
Slide 21: Summary of the Offer
SUMMARY OF THE OFFER Further to shareholders’ approval of the capital programme, TIP intends to raise up to ₦10.1 billion through a combined offer via Rights Issue and Public Offer, to enable it pursue further strategic expansion opportunities. The Offer Use of Net Proceeds (₦´Bn) Working Capital ,
Slide 22: Rights Issue
RIGHTS ISSUE Hybrid Offer of ₦10.1 Billion – Rights Issue Company: The Initiates Plc Issuing House: Anchoria Advisory Services Limited & Fundvine Capital & Securities Limited Number of Shares on Offer: 177,996,310 Offer Size: ₦1.245 billion Rights Price: ₦7 Rights Ratio: 1/5 Qualification Date: Augu
Slide 23: Public Offer
PUBLIC OFFER Hybrid Offer of ₦10.1 Billion – Public Issue Company: The Initiates Plc Issuing Houses: Anchoria Advisory Services Limited & Fundvine Capital & Securities Limited Number of Shares on Offer: 932,022,138 Offer Size: ₦8.854 billion Offer Price: ₦9.5 Offer Open Date: November 5th, 2025 Offe
Slide 24: Fund Utilization
FUND UTILIZATION Invest in areas of our operations Plant & Equipment replacement currently undertaken by third-party to and addition to enhance our position. reduce our cost of operation. Enhancing our Make funds available for investment in Uganda working capital management Completion of our Western
Slide 25: What Our Investors Should Expect
WHAT OUR INVESTORS SHOULD EXPECT 4 Improvement in our international investments 3 Net Asset per share growth Dividend per share growth of 500% in 5 years 2 Earnings per share annual 1 improvement of about 50%
Slide 26: Why Invest in Us?
WHY INVEST IN US? Sustainability Focus: TIP represents Market Leadership: Pioneer in a strong ESG-aligned investment in a hazardous waste management and growing Nigerian sector. Growing industrial cleaning relevance as ESG investing gains momentum globally. Diverse Clientele: Strong relationships wi
Slide 27: Questions
ANCHORIA Questions (ul)
Slide 28: www.initiatesgroup.com
www.initiatesgroup.com www.initiatesgroup.com wms@initiatesgroup.com wms@initiatesgroup.com +234(0) 2084 66 9510 +234(0) 2084 66 9510
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