Slide 1: GRP Limited AGM
GRP Limited AGM 25 October 2019
Slide 2: Disclaimer
Disclaimer This presentation contains privileged and confidential information and the copying or distribution of it or any information it contains is prohibited. If you have received this presentation in error, please delete and remove all physical and soft copies and notify GRP Limited (GRP) by ema
Slide 3: 2019 Business Review
2019 Business Review S$14.75m cash flow generated from operating activities, loss after tax of S$4.7m FY2019 Highlights • Net cash generated from operating activities – S$14.75m compared to S$12.42m in FY2018 • Revenue for the Group – Increase by 8.3% to S$32.1m • Gross profit – Increase by 27% to S
Slide 4: Key Financial Indicators
Key Financial Indicators Balance sheet remains extremely healthy – High cash levels, extremely low gearing ✓ Cash accounts for 88.37% of equity GRP has been continuously turning its assets (properties held for sale) into cash. (S$’000) 2019 2018 Cash & Bank Balances 56,626 49,776 Total Assets 94,128
Slide 5: Business Updates
Business Updates Continue strategy of growth through own developments and M&A, equipped with strong cash position to capture new opportunities Hose and Marine • Incorporated 2 subsidiaries, Hiflex Pte Ltd and General Rubber Pte Ltd to distribute more product ranges. • Signed Distributor Agreement to
Slide 6: Business Updates
Business Updates Continue strategy of growth through own developments and M&A, equipped with strong cash position to capture new opportunities Property Development – Affordable Housing • The Group is presently focused on property development in Malaysia, particularly in the affordable housing space.
Slide 7: GRP’s Value Proposition
GRP’s Value Proposition Stock trading way below Net Asset Value (NAV) Attractive valuation with shares trading at ~50% of NAV, backed by strong balance sheet Price/share ($) No. of ordinary shares1 Value (S$’000) Share price as at 14 October 2019 0.195 36,639 Price to Book Ratio Equity/share as at 3
Slide 8: Thank You
Thank You Contact Us: 8 Marina Boulevard, #13-02 Marina Bay Financial Centre Tower 1 Singapore 018981 http://grp.com.sg