Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Shareholder Meeting (July 2023)
17 slides from Yoma Strategic's shareholder meeting presentation, Jul 26, 2023
Slide 1: AGM 2023
STRATEGIC HOLDINGS LTD
Slide 2: Economic Overview
ECONOMIC OVERVIEW GDP GROWTH Myanmar’s economy is $90 15% $80 projected to expand by $70 10% 5% 3.0% in FY2023 following GDP (USD billion) $60 Growth Rate % $50 0% an estimated ~18% $40 -5% $30 -10% contraction in FY2021 $20 -15% $10 and a slight recovery of $0 -20% 2011 2012 2013 2014 2015 2016 201
Slide 3: Economic Overview
ECONOMIC REGULATORY Changes in government policies have created operational hurdles for OVERVIEW businesses. EXCHANGE RATE Trade deficit, reduced FDI and the overall The business environment has shown economic downturn have caused a gradual improvement in recent significant depreciation of MMK. quar
Slide 4: Key Financial Highlights
REVENUE KEY FINANCIAL +54.5% HIGHLIGHTS US$ Million Core EBITDA 140 120 US$ Million +50.4% Strong performance in core businesses: 100 20 18 • Record home sales*, record F&B sales and 80 16 completion of the Wave Money acquisition 60 14 drove revenue growth by 54.5%. 12 40 • Improved profitability wi
Slide 5: Key Financial Highlights: Net Debt and Net Gearing
NET DEBT AND NET GEARING RATIO KEY FINANCIAL HIGHLIGHTS US$ Million -US$125.2 million 350 28.2% 30% Significant improvement in financial position: 300 25% • Strong cash flow generation led to a substantial 250 18.6% 20% reduction in the Group’s net debt by US$125.2 million to 200 15% US$159.1 millio
Slide 6: Strategic Focus
STRATEGIC FOCUS • Achieved record sales in 12M-Mar2023 • Sales driven by demand for hard assets and the competitive positioning of the Yoma Land Group’s estates and product offerings Leading real estate developer in Myanmar • Scaling up of activities through partnerships to acquire landbank in a cap
Slide 7: Significant Growth at StarCity
SIGNIFICANT GROWTH AT STARCITY 2010 2015 2017 2019 2020 2021 2022 Started Zone A Galaxy Towers City Loft Star Villas The Hangar City Villas Zone B River Park Star Ferry StarCity Sports Star City Links Solar Farm Club Yoma Bank (Headquarters) Yoma Land was able to continue sales and construction acti
Slide 8: Significant Growth at StarCity
SIGNIFICANT GROWTH AT STARCITY Number of Residents Residents by Nationality Significant population growth Demand driven by local owner-occupiers
Slide 9: New Launches
NEW LAUNCHES Launch Number of units Number of units Date launched sold and booked Phase 1 and 2: Aug 2022 207 191* Phase X: Jan 2023 * As at 30 June 2023 AFFORDABLE LANDED HOUSING IN STARCITY
Slide 10: New Launches
NEW LAUNCHES Launch Number of units Number of units Date launched sold and booked May 2023 247 190* * As at 30 June 2023 3,000-UNIT* DEVELOPMENT IN THE WEST OF YANGON *Based on the latest development plans and subject to change
Slide 11: Healthy Demand at Products Launches
HEALTHY DEMAND AT PRODUCTS LAUNCHES
Slide 12: Yoma Central
YOMA CENTRAL Debt facilities have been restructured, and the project is expected to restart under a revised development plan in in the second half of 2023*. *Subject to stakeholders' approval
Slide 13: Strategic Focus: Wave Money
STRATEGIC FOCUS • Completed the acquisition of Telenor's stake at the right time and at an attractive valuation. Wave Money • Wave Money is now a subsidiary of Significant opportunity in Myanmar’s financial services sector and building the Group’s digital the Group, and its consolidation is ecosyste
Slide 14: Key Statistics
58,000 80%+ 4.6 million Agents in Share of the country's Monthly active users 300 townships OTC remittance market (MAUs) KEY STATISTICS 350,000 US$6.8 billion Merchants onboarded Remittances and payments since 2022 in 12M-Mar2023
Slide 15: Wave Money Future Growth
WAVE MONEY FUTURE Expanding product categories: • Payments GROWTH • Financial services • Inflows • Lifestyle Promoting WavePay as the most widely used mobile • Business solutions wallet in Myanmar Leveraging agent network for additional services: • Cash withdrawal and collection • Customer KYC • E-c
Slide 16: Operational Focus on Other Businesses
OPERATIONAL FOCUS The Group continues to be the ON OTHER BUSINESSES largest operator of restaurants and fleet in Myanmar. Yoma F&B Yoma Fleet Operates 35 KFC and 35 YKKO restaurants AUM of US$42.0 million with fleet size of 1,042 vehicles
Slide 17: Thank You
AGM THANK YOU 2023
Yoma Strategic Holdings — Shareholder Meeting (July 2023) on 6ix