Ming Shing Group Holdings Limited · NASDAQ:MSW
Ming Shing — IPO Roadshow (June 2024)
22 slides from Ming Shing's IPO roadshow presentation, Jun 4, 2024
Slide 1: Ming Shing Group Holdings Limited
Ming Shing Group Holdings Limited Proposed Nasdaq Symbol: MSW June 2024 eit) jc eigen Issuer Free Wing Prospactu sec June 3, 2024 Flas Pursuant to ula 423. securities Aco 1822, a8 amended Relating to Preliminary Prospectus dated May 9, 2024 Registration StetementNo. i29-272861
Slide 2: Free Writing Prospectus Statement
G Free Writing Prospectus Statement This free writing prospectus relates to the proposed public offering of ordinary shares (“Ordinary Shares”) of Ming Shing Group Holdings Limited (“we”, “us”, or “our”) which are being registered on the Registration Statement and should be read together with the pr
Slide 3: Forward-Looking Statement
G Forward-Looking Statement This presentation contains forward-looking statements that involve risks and uncertainties, such as statements related to future events, business strategy, future performance, future operations, backlog, financial position, estimated revenues and losses, projected costs,
Slide 4: Offering Summary
G Offering Summary Issuer ‘Ming Shing Group Holdings Limited Securities Ordinary Shares Offering Type Initial Public Offering Proposed Listing/Symbol Nasdaq Capital Market: MSW Orc aurea 1,500,000 Ordinary Shares, or 1,725,000 Ordinary Shares if the underwriters exercise their over-allotment option
Slide 5: Company Overview
G Company Overview About Us Contracted But Not Yet Recognized Revenue :) We mainly engaged in wet trades works through two wholly-owned operating subsidiaries based in Hong Kong Service Scope Approx. US$10.2 million as of March 31, 2022 r) Approx. US$44.8 million as of March 31, 2023 Approx. US$39.7
Slide 6: Company Overview
G Company Overview + Arogistered subcontractor under the Registered Specialist Trade Contractors Scheme of the Construction Industry Council under the marble, granite, and stone work, with specialties in + Marbleferanite work en ead + Paintin MS (HK) Engineering Limited 8 + Miscellaneous cleaning se
Slide 7: Corporate Structure
G Corporate Structure Pre-Offering Mr. Chi Ming Lam 100% Ming Shing Group Holdings Limited (1) (incorporated in the Cayman Islands) Tom MS (HK) Construction Engineering Limited (2) (Incorporated in the British Virgin Islands) Post-Offering {assuming the selling shareholder did not immediately dispos
Slide 8: Investment Highlights
G Investment Highlights ‘ s te , Established Relationship ¢ _ 5 e Stringent Quality Control & with Customers 0 \ Environmental Impact Control aie Established Experienced & Dedicated Track Record Management Team
Slide 9: Established Track Record
G Established Track Record We have focused on providing wet trades works services in the role of a subcontractor and built up our expertise in wet trades works for 10 years SE aD 2 1 Private Residential Projects 1 1 Initial Contract Sum in the aggregate: USES. Residential Project 4 million+ : Initio
Slide 10: Financial Highlights
G Financial Highlights Revenue Gross Profit Net Income* USS Million USS Million USS Mitton 14 13.21 3 a 1.86 2 10.81 1:94 2 10 a 8 2 Lo1 1 6 1 4 1 A 1 ° ° ° 1H FY2023 1H FY2024 1H FY2023 1H FY2024 1H FY2023 1H FY2024 Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Public Revenue Breakdow
Slide 11: Financial Highlights
G Financial Highlights Revenue Gross Profit Net Income* USS Mition USS Mitton USS Mition 25 21.87 4 3.49 3 2ri2 20 a 3 3 2.63 1.80 is 14.38 3 a 2 2 10 2 1 5 : 7 ° ° ° FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 Revenue Breakdown FY2022 FY2023 mE Private ‘lll Public ‘oo: Foo Yar Ended Maro 3, Ssectarig
Slide 12: Established Relationship with Customers
G Established Relationship with Customers We have established long-standing relationships with some of our major customers a We have had Over nine-year business relationship with a Hong Kong subsidiary of a renowned French industrial group that is a listed company on Euronext Paris, mainly for the d
Slide 13: Stringent Quality Control & Environmental Impact Control
G Stringent Quality Control & Environmental Impact Control We place emphasis on providing consistently high-quality services Regular communication and site visits to collect feedback from customers Designation of a project management team for every project a -— \ily x Quality Control Measures — — —~
Slide 14: MS Operational Workflow
MS Operational Workflow Approximately 1 week to 2 months Identification of business opportunities Preliminary assessment of the project Preparation of tender Award of contract Formation of project management team Project implementation Customer inspection and acceptance Defects liability period Gene
Slide 15: Tender Pricing and Estimated Costs
Estimated Costs Scope of services Price trend for the types ot subcontracting services and the materials required Complexity and location of the Project; Estimated quantity and type of equipment required Completion time requested Availability of human and financial resources Quotations from our supp
Slide 16: Experienced Management Team
G Experienced Management Team Chi Ming Lam Director Chief Executive Officer Chairman + 20% years of experience in the wet trades works industry. + Director and shareholder of MS (HK) Engineering Limited since 2012. + Director and shareholder of MS Engineering Co. Limited since 2019 and 2021 respecti
Slide 17: Board of Directors
G Board of Directors Wai Chun Chik Independent Director + 15+ years in auditing, accounting, and corporate governance, Independent director, Top Wealth Group Holding (NASDAQ: TW) since April 2024. + Head of company secretarial department of PB. ‘Advisory Limited, + Company secretary for FingerTango
Slide 18: Industry Overview
G Industry Overview Value Chain of Hong Kong Wet Trades Works Market Material supplier Government and public institutions Main contractor Equipment and tool supplier » > Property developer Machinery provider Household tenants lod goh ti io ead wapeciie utacans itive achieved: imeantmanin maybe specu
Slide 19: Industry Overview: Market Size of Wet Trades Works in Hong Kong
G Industry Overview Market Size of Wet Trades Works in Hong Kong ‘The private sector contributes to most of the total gross value of wet trades works in Hong Kong. Gross value of wet trades works by sector in Hong Kong, 2016-2026E CAGR 2016-2021 2022-20265, ition i Private sector llr ig! Private sec
Slide 20: Industry Overview
Industry Overview Continuous housing supply in Hong Kong ‘The development of the wet trades market is highly associated with the constructions of buildings and infrastructures Heightened industry standards and customer requirement Well-established wet trades work contractors with quality of works ar
Slide 21: Growth Strategies
G Growth Strategies Enhancing Competitiveness & Expanding Market Share + Focus on deploying our resources towards competing for additional and more sizeable wet trades works projects, in Hong Kong + Plan to apply part of our net proceeds from the sale of Ordinary Shares to enhance our project manage
Slide 22: Issuer and Underwriter Contacts
Issuer: Ming Shing Group Holdings Limited Email: irp@ms100.com.hk Tel: +852 2370 3788 Address: 8/F, Cheong Tai Factory Building, 16 Tai Yau Street, San Po Kong, Kowloon, Hong Kong REVEREW SECURITIES Underwriter: Revere Securities LLC Email: contact@reveresecurities.com Tel: +1 (212) 688-2350 Address