Credit Bureau Asia Limited · SGX:TCU

Credit Bureau Asia — Investor Presentation (December 2020)

30 slides from Credit Bureau Asia's investor presentation, December 2020

1. Slide 1: Leading SEA player in the Credit and Risk Information Solutions market

   Strictly Private & Confidential December 2020 Leading SEA player in the Credit and Risk Information Solutions market Confidential

2. Slide 2: Overview of CBA

   Overview of CBA

3. Slide 3: CBA At A Glance

   CBA At A Leading Southeast Asia Credit and Risk A Glance Information Solutions Provider 99.9% Sole 196 licenced FI Data Market Share in Credit Business provider in Singapore’s FI Data Bureau Cambodia and Business(1) Members(2) Myanmar >6,000 ≥90% >330m Dividend Customers of Business Payout Ratio(4)

4. Slide 4: Credit and Risk Information Solutions (CRIS) Industry

   Who We Are Credit and Risk Information Solutions (“CRIS”) Industry What does a CRIS provider do? Two Types of Information  Business activity of collecting, consolidating, analysing and organising FI Data Business Non-FI Data Business credit information for the sale of such information to a third-pa

5. Slide 5: A Leading Southeast Asia Credit and Risk Information Business

   Who A Leading Southeast Asia Credit and Risk We Are Information Business Leading Southeast Asia provider of credit and risk MMCB 1 information solutions to individuals, FIs, multinational corporations and government bodies  Commenced operations in 4Q20  Sole market player in Two main business segm

6. Slide 6: Our Core Products and Services – FI Data Business

   What We Do Our Core Products and Services – FI Data Business Information Provided(3)  Credit History  Payment History Members (Data Providers / Users)  Litigation  Bankruptcy Records Credit Bureau FIs(2) Examples: Information Provided FI Data Business(1) Data Data Insights Storage Validation Gen

7. Slide 7: Our Core Products and Services – Non-FI Data Business

   What We Do Our Core Products and Services – Non-FI Data Business Screen Your Prospect: Grow Your Sales: Product Suite Verify credibility and payment Identify growth opportunities health of your customers and acquire new customers  Risk Management Services Report SCCB Credit Branding Database Data A

8. Slide 8: Our Value Proposition – More than Credit Reports

   What We Do Our Value Proposition – More than Credit Reports Value Adding to Decision Making Identifying Potential Screening Customers and Defaulters Reducing Bad Debts Financial Health Checks Risk Monitoring and Management FI Data Non-FI Data Credit Risk Management Hybrid Employment Verification Bus

9. Slide 9: Our History and Significant Milestones

   Our Track Record Our History and Significant Milestones Group Level Today 1995 1997 2000 2002 2005 2008 Sole FI Data Business  First established  Commenced (i) consumer  Established IHPL  Established CBS and  Established  Established CBM through Operator with full business of and commercial th

10. Slide 10: Our Group Structure

    CBA Today Our Group Structure(1) CREDIT BUREAU ASIA 100% 51% NSP Asia Investment Holding Infocredit Holdings 100% 40% 49% 75% 100% 81% CBA Data Myanmar Credit EFX Cambodia Credit Bureau Infocredit D&B Solutions(2) Bureau (“ECH”) Singapore International Singapore(3) 49% 73% Credit Bureau D&B Malaysia

11. Slide 11: Key Strengths Highlights

    Key Strengths Highlights

12. Slide 12: Key Strengths Highlights

    Key Strengths Highlights 01 Dominant market leader and well-positioned for growth 02 Unique defensive business model with resilient revenue streams 03 Extensive and high quality data as a foundation for a wide range of products and services 04 Long-standing and captive portfolio of customers 05 Prov

13. Slide 13: Dominant Market Player in Southeast Asia

    01 Dominant Market Player in Southeast Asia Leading Player in the Territories in Which We Operate FI Data Non-FI Data FI Data FI Data #1 #1 Experian #1 #1 31 165 220 potential Credit Bureau members(1) Credit Bureau members(1) Credit Bureau members(3) 99.9% market share(2) #2 Offers online instant na

14. Slide 14: Credit Bureau Cambodia: A Successful Expansion

    01 Credit Bureau Cambodia: A Successful Expansion CBC’s Milestones  An inherent need for CRIS in every economy to reduce information asymmetry  In 2012, our Group began its expansion into Cambodia with the establishment of CBC  Within two years of operations, CBC had generated a positive PAT and

15. Slide 15: The Importance of CRIS allows our Group to be Resilient in any Economic Cycle

    02 The Importance of CRIS allows our Group to be Resilient in any Economic Cycle CRIS Fundamental Role in Business Decision Making Global Trends • Governmental and Industry Regulations • Risk Management Requirements Importance CRIS increasingly embedded into corporates’ risk • Importance of Data in

16. Slide 16: High Quality Data – The Backbone of Our Products

    03 High Quality Data – The Backbone of Our Products Built and Maintained An Extensive Information Database since Inception Leading to New Products FI Data Business Non-FI Data Business D&B Commercial Records are Covers Data from Database updated Data Analytics Reports >22m 196 >330m Daily People(1)

17. Slide 17: Long-Standing and Captive Portfolio of Customers

    04 Long-Standing and Captive Portfolio of Customers Diversity of Customers FI Data Business Non-FI Data Business Customer Retention(2) D&B Risk SCCB Management Solutions 196 45.7% 36.8% Credit Bureau members(1) > 6,000 Customers 54.3% 63.2%  Majority of the Credit Bureau members have maintained the

18. Slide 18: Strong Financial Performance

    05 Strong Financial Performance Strong Revenue Growth and Improving Margins (in S$ mn) EBITDA(1) Margin PATMI(3) Margin 43.8% 44.1% 57.2%(2) 55.3%(2) 63.4%(2) 14.5% 14.6% 17.3% 16.8% 18.1% 23.3 7.0(4) 7.0(3) 40.6 37.4 35.7 16.5 5.2 5.5 15.6 20.5 19.6 13.0 3.7(5) 10.9 3.3 FY17A FY18A FY19A HY19U HY20

19. Slide 19: Cash Generative Business

    05 Cash Generative Business Outstanding Cash Flow Performance (in S$ mn) Cash Conversion Ratio(1) Dividend Payout Ratio(2) 69.7% 72.6% 85.0% 83.3% 169.1% 75.6% 103.6% 115.7%(3) Major Cash Inflows and Outflows 8.8 7.3 19.8 4. (4) 4.1 3 12.0 10 10.9 3.1 .8 0. FY17A FY18A FY19A HY20PF 1.5 1.3 8 Dividen

20. Slide 20: Experienced Management Team

    06 Experienced Management Team Management Team with a Proven Track Record  Founder of the Group  Close to 20 years of experience in the credit and  >25 years of experience in the credit and risk risk information industry information industry  Responsible for the Group’s strategic direction  Res

21. Slide 21: Reporting Structure and Independent Directors

    Reporting Structure and Independent Directors Management Reporting Structure Independent Directors  Current CEO of Vertex Venture Holdings Mr. Chua Kee Lock  Director at Yongmao Holdings Board of Directors  Previously a Director at Reebonz Holding Limited, the Lead ID, RC Chairman President and E

22. Slide 22: Financial Overview

    Financial Overview

23. Slide 23: Group's Financials at a Glance

    Group’s Financials at a Glance Strong Revenue Growth with Increasing Margins (in S$ mn) EBITDA(1) Margin PATMI(3) Margin 43.8% 44.1% 57.2%(2) 55.3%(2) 63.4%(2) 14.5% 14.6% 17.3% 16.8% 18.1% 23.3 7.0(4) 7.0(3) 40.6 37.4 35.7 16.5 5.2 5.5 15.6 20.5 19.6 13.0 3.7(5) 10.9 3.3 FY17A FY18A FY19A HY19U HY2

24. Slide 24: Historical Financials: By Geography and Business Segment

    Historical Financials: By Geography and Business Segment Group Revenue (by Geography) Group Revenue (by Business Segment) FY19A HY20U FY19A HY20U Singapore 97.1% 96.8% FI Data 41.7% 41.6% Malaysia 2.9% 3.2% Non-FI Data 58.3% 58.4% Group PBT (by Geography) Group PBT (by Business Segment) FY19A HY20U

25. Slide 25: Historical Financials: Consolidated FI Data Business

    Historical Financials: Consolidated FI Data Business Revenue (FI Data Business) PBT (FI Data Business) (in S$ mn) (in S$ mn) EBITDA(1) Margin PBT Margin 56.5% 55.8% 71.1% 72.3% 74.9% 45.3% 46.3% 52.2% 54.7% 56.7% 16.9 0.7 15.7 15.8 0.6 0.7 8.4 8.5 Other Revenue 0.3 0.3 Total PBT 16.2 Sale of Reports

26. Slide 26: Historical Financials: Consolidated Non-FI Data Business

    Historical Financials: Consolidated Non-FI Data Business Revenue (Non-FI Data Business) PBT (Non-FI Data Business) (in S$ mn) (in S$ mn) EBITDA(1) Margin PBT Margin 33.8% 35.5% 48.9% 42.6% 57.5% 27.9% 31.4% 44.6% 37.5% 52.9% Sales and Marketing 23.7 Solutions, Receivables 21.5 Management Services, T

27. Slide 27: Growth Prospects

    Growth Prospects

28. Slide 28: Overview of Key Growth Drivers

    Overview of Key Growth Drivers Trends favouring the CRIS Industry Growth Opportunities in Credit Card Penetration Rate(1) Increased governmental and industry regulations on financial Credit Card Penetration Rate, 2017 1 institutions has increased risk management requirements Increasing global recogn

29. Slide 29: Growing Market Size in Our Core Markets

    Growing Market Size in Our Core Markets Market Size (in S$ mn) CAGR: 10.3% Singapore Malaysia 119.4 CAGR: 16.7% 156.3  Increase in FI members arising from the licensing of up to five CAGR: 8.3%  Rise of alternative financing Digital Banks 73.0 CAGR: 24.9% methods  Increase scope of membership 72.

30. Slide 30: Strengthening our Positioning in Southeast Asia

    Strengthening our Positioning in Southeast Asia 1 Continuing to Drive Organic Growth in Existing Markets 2 Expanding into New Markets Risk Diligence product expansion Membership expansion under the digital banking licensing regime Potential Markets(2) Increase scope of membership and provision of so

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