Gss Energy Limited · SGX:41F
Gss Energy — Investor Presentation (January 2022)
38 slides from Gss Energy's investor presentation, January 2022
Slide 1: Corporate Presentation
CORPORATE PRESENTATION January 2022 2022 GSS ENERGY LIMITED. All Rights Reserved. 1
Slide 2: Disclaimer
DISCLAIMER This presentation prepared by GSS Energy Ltd (the "Company") does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue
Slide 3: GSS Energy Overview
GSS ENERGY OVERVIEW S$58.5m 36% Established in 1979, GSS Energy has 2 main 1HFY2021 Revenue business segments: S$1.7m 20% 1HFY2021 Net Profit Precision Oil & Engineering Gas S$1.8m 10% 1HFY2021 Net Profit to owners ~S$40m ~65% 14.6% Market Cap Free Float Healthy Net Debt/Equity* As at 30 June 2021 *
Slide 4: Key Milestones
KEY MILESTONES 1979 1991 1992 1993 1994 Founded Establishment of PT. Giken Relocated Listed on Singapore Establishment of Changzhou in Singapore Precision Indonesia in Batam headquarters from Stock Exchange Giken Precision Co., Ltd Japan to Singapore (SESDAQ) 2021 2018-2019 2015 2014 Proposed acquis
Slide 5: Group Structure
GROUP STRUCTURE Oil & Gas (20%) Giken Sakata (S) Limited Changzhou Giken PT Giken Precision PT Giken Technology Giken Precision Changzhou Giken IMPORT & EXPORT Co., Indonesia (GPI) Indonesia (GTI) Engineering (GPE) Precision Co., Ltd. (CGP) Ltd. (CGIE) (GM) Batam, Indonesia Batam, Indonesia Singapor
Slide 6: Precision Engineering
PRECISION ENGINEERING 2022 GSS ENERGY LIMITED. All Rights Reserved. 6
Slide 7: One-Stop Integrated Services
9 MANUFACTURING FACILITIES In 3 countries – China, Singapore and Indonesia Environmental General Quality Medical Quality Automotive Quality Management Management Management Management Electronic Manufacturing Services - Batam (Indonesia) Manufactures high precision components such as plastic injecti
Slide 8: Electronic Manufacturing Services – 2021 Utilisation >90%
9 MANUFACTURING FACILITIES In 3 countries – China, Singapore and Indonesia Environmental General Quality Medical Quality Automotive Quality Management Management Management Management ELECTRONIC MANUFACTURING SERVICES – 2021 Utilisation: >90% Batam, Indonesia Factory area: 28,000 sqm *Based on FY202
Slide 9: Precision Shafts and Machining – 2021 Utilisation >90%
9 MANUFACTURING FACILITIES In 3 countries – China, Singapore and Indonesia Environmental General Quality Medical Quality Automotive Quality Management Management Management Management PRECISION SHAFTS AND MACHINING - 2021 Utilisation: >90% Singapore Changzhou, China Factory area: 1,080 sqm Factory a
Slide 10: Product Portfolio
PRODUCT PORTFOLIO Original Design Manufacturer (ODM) Original Equipment Manufacturer (OEM) Icemaker Device Charger Coffee maker Smart Cooker Window Cleaner Game Console Endoscope Handheld Blender Rechargeable Electric Toothbrush Circuit Breaker Thermostat Electric Motorcycle ODM tends to have higher
Slide 11: Diversified Customer Base
DIVERSIFIED CUSTOMER BASE Precision Engineering FY2020 Revenue by Sector 17.3% 17.8% Other consumer electronics Healthcare Consumer 7.1% electronics Automotive 57.8% Others We are a top tier supplier to in Asia Beneficiary of the trend by top brands to diversify manufacturing facilities out of China
Slide 12: Room For Expansion
Room For Expansion ROOM FOR EXPANSION 2 Available Buildings 1 Building – Designed for production capacity of up to 5,000 Electric Motorcycles/ month 1 Building – Potential to expand production capacity for Additional Land Space To precision engineering by up to 30% increase production capacity by up
Slide 13: Oil and Gas
OIL AND GAS 2022 GSS ENERGY LIMITED. All Rights Reserved. 13
Slide 14: A Risk Free Carry from O&G
A RISK FREE CARRY FROM O&G Oakhurst has a defined schedule to drill 5 wells in the Past Happenings Trembul Operation Area o After initial discovery of oil in 2018, the Group decided to farm out the project due to the outlook of O&G, and the decision to focus its resources on precision Phase 1 – Till
Slide 15: Electric Mobility
——=) Coca. —y ELECTRIC MOBILITY f
Slide 16: End-to-end development and manufacturing capabilities
End-to-end development and manufacturing capabilities of electric motorcycles and related necessary peripherals. Obtained World manufacturer Identifier (WMI) in November 2020 Launch of first electric motorcycle UNO-X under historic Italian brand Iso, in partnership with Ferruccio Lamborghini (The La
Slide 17: Partnerships
PARTNERSHIPS Battery Cell Manufacturing Partners Government Partners Brand Partner Product Partners Testing & Certification Partners 17
Slide 18: End-to-end development and production of electric motorcycles
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 19: Proposed Acquisition of Edison Motors
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 20: Electric Motorcycle Assembly Line
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 21: Room For Expansion
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 22: Isomoto UNO-X
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 23: Body Swapping Design
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 24: Battery and Bike Specifications
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 25: Cost Effective & Environmental Friendlier
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 26: Recent Event: EICMA 2021 Milan
Recent Event EICMA 2021- Milan EICMA 2021 is an important international show dedicated to motorbikes and the world of 2- wheelers and is a reference point for motorbike aficionados to learn about the developments in biking. It involves the participation of the leading brands in the motorbike sector.
Slide 27: Electric Mobility Peer Comparison
ELECTRIC MOBILITY PEER COMPARISON 27
Slide 28: Vs. Peers [Gasoline]
VS. PEERS [Gasoline] Electric motorcycles Brand Honda Yamaha Model Name Iso Nmax PCX Brand Origin UNO-X Italy Japan Japan Max. Speed [kmph] 115 118 110 Modes Eco, Sport Motor Power [kW] 5.0 - - Max. Range at low, 150 320 270 constant speed [km] Battery Type, IP rating Removable, IP67 - - Charging Ty
Slide 29: Vs. Peers
VS. PEERS Electric motorcycles Brand Niu Piaggio Gogoro Iso Model Name NQi GT/S Vespa Elettrica 3 Premium Uno X Italy Brand Origin China Italy Taiwan Max. Speed [kmph] 115 70 70 97 Modes Eco, Sport E-Save, Dynamic, Sport - - Motor Power [kW] 5.0 3.0 3.6 5.0 Max. Range at low, 150 155 100 170 constan
Slide 30: Vs. Peers [MY & VN]
VS. PEERS [MY & VN] Electric motorcycles Brand Vinfast Treeletrik Treeletrik Iso Model Name Klara S T90 T70 UNO-X Italy Brand Origin Vietnam Malaysia Malaysia Max. Speed [kmph] 115 48 90 65 Modes Eco, Sport - Motor Power [kW] 5.0 1.2 5.0 1.5 Max. Range at low, 150 120 85 100 constant speed [km] Batt
Slide 31: Looking Ahead
2019 2020 2021 • Electric bike under design. • Engaged Edison Motors for the design of UNO-X. • Completed 15,000 km Ride Testing; • Completed motorcycle assembly line • Assembly Factory Audited by MOI, Indonesia. • Proposed acquisition of Edison Motors in Batam • World Manufacturer Identifier obtain
Slide 32: Financial Review
EASENERGY 7 FINANCIAL REVIEW
Slide 33: Financial Highlights 1H2021
FINANCIAL HIGHLIGHTS Sales S$m 106.4 1H2021 100.8 97.6 +36% 58.5 43.0 2018 2019 2020 1H2020 1H2021 Adjusted Net Profit S$m 5.1 5.2 +20% 1.5 1.7 1.4 2018 2019 2020 1H2020 1H2021 *2018 Net profit adjusted for impairment allowances for exploration assets 2020 Net profit adjusted for other income from j
Slide 34: Financial Highlights 1H2021
FINANCIAL HIGHLIGHTS 1H2021 FINANCIAL 1HFY2021 1HFY2020 Change Comments HIGHLIGHTS Increase in demand by end customers Revenue (S$m) 58.5 43.0 36.3% due to accelerated use of electronics and electric consumer goods at home Contribution From Precision Gross Profit (S$m) 9.3 8.6 8.0% Engineering forms
Slide 35: Balance Sheet Highlights 1H2021
BALANCE SHEET HIGHLIGHTS 1H2021 As at As at BALANCE SHEET HIGHLIGHTS 30 June 2021 31 Dec 2020 Comments Cash and cash equivalents (S$m) 6.3 7.1 Interest bearing short-term deposits placed with Short-term investments (S$m) 2.5 0.6 financial institutions with credit rating of AA to A, for average perio
Slide 36: Key Investment Merits
——~ Bins E KEY INVESTMENT MERITS
Slide 37: Our Key Investment Merits
OUR KEY INVESTMENT MERITS Significant upside potential from Precision Engineering to Electric Motorcycle Development 1 underpin stable profit base Expected revenue contribution from 2022 with The Group is a top tier supplier to PHILIPS in Asia. production capacity of ~500 electric motorcycles/month
Slide 38: Thank You
For investor and media queries on GSS Energy Ltd THANK YOU emily@gem-comm.com Tel: (65) 9734 6565 38