Wf Holding Limited · NASDAQ:WFF
Wf — IPO Roadshow (January 2025)
28 slides from Wf's IPO roadshow presentation, Jan 24, 2025
Slide 1: Investor Presentation January 2025
Investor presentation January 2025 Free Writing Prospectus filed pursuant to Rule 433 Registration Statement on Form F - 1 ( File No. 333 - 282294) January 24, 2025
Slide 2: Free Writing Prospectus Statement
Investor Presentation Free Writing Prospectus Statement This presentation relates to the proposed initial public offering of ordinary shares of WF Holding Limited ("we", "us," "our“ or “our company”). This presentation highlights basic information about us and the offering. Because it is a summary t
Slide 3: Forward-Looking Statements
Investor Presentation Forward - Looking Statements This presentation contains forward - looking statements that are based on our management’s beliefs and assumptions and on informat ion currently available to us. All statements other than statements of historical facts are forward - looking statemen
Slide 4: Risk Factors
Investor Presentation Risk Factors Investing in our securities involves a high degree of risk . Before buying any securities, you should carefully read the discussion of the material risks of investing in our securities under the heading “Risk Factors” in the Preliminary Prospectus . These risks inc
Slide 5: Offering Summary
Investor Presentation Offering Summary 4 WF Holding Limited Issuer NASDAQ: WFF Proposed exchange and ticker 22,950,000 Ordinary Shares Pre - offering shares outstanding 2,000,000 Ordinary Shares (2,300,000 if the underwriter exercises its over - allotment option in full) Securities offered $4 - $6 P
Slide 6: Contents
Investor Presentation Contents 1 Business Overview p6 Contacts p27 Summarized Financial Statements p25 Appendix p22 2 Financial Highlights p14 3 Growth Strategy p18 5
Slide 7: Business Overview
1 Business Overview Investor Presentation WF Holding Limited 6
Slide 8: What is Fiberglass Reinforced Plastic (FRP)?
Business Overview What is Fiberglass Reinforced Plastic (FRP)? Iron + Carbon = Steel Fibre + Plastic = Fiberglass Reinforced Plastic Combining iron and small amounts of carbon creates steel, a material that is significantly lighter, stronger, and more durable than iron. Reinforcing plastics with fib
Slide 9: FRP's unique properties are leveraged across a wide and growing range of applications
Business Overview FRP’s unique properties are being leveraged across a wide & growing range of applications Chemicals Shipbuilding Aerospace Oil and Gas Construction Automotive Renewables FRP is replacing traditional materials such as steel, concrete and aluminium across many industries 1 High Corro
Slide 10: Our markets and products
— Leveraging FRP to protect critical industrial facilities & assets from corrosion, erosion & abrasive chemicals — Extending the structural design life of assets, reducing the need for replacements — In some cases, able to improve the performance of assets Business Overview Our markets and products
Slide 11: Driving industrial sustainability with FRP air pollution control systems
Business Overview Driving industrial sustainability with FRP air pollution control systems High Corrosion Resistance Reduced Maintenance Longer Service Life Helping industries improve their sustainability , achieve regulatory compliance & reduce their environmental impact We offer various air pollut
Slide 12: Our services
Business Overview Our services We believe that our wide range of products and services are a key competitive advantage — Provide customized solutions — Develop products faster — Reduce costs Advanced production technology & equipment Via our own fleet or 3rd party transporter Manufacturing Delivery
Slide 13: Our value proposition
Business Overview + More - Less Customer benefits — Equipment Resilience — Equipment Performance — Industrial sustainability — Time - to - market — Maintenance — Replacements — Cost — Environmental impact Our competitive strengths — Track record of over 30 years providing high - quality & durable FR
Slide 14: Management and Board
Chee Hoong Lew Chee Leong Lee (Charis) Phei Yen Ho Chee Hoong Lim Wah Chee Lim Choon Hann Lua CEO & Director Independent Director Nominee & Proposed Chairman, Compensation Committee Chief Financial Officer Independent Director Nominee & Proposed Chairman, Audit Committee Independent Director Nominee
Slide 15: Financial Highlights
2 Financial Highlights Investor Presentation WF Holding Limited 14
Slide 16: Summary of our financial performance (2022-2023)
Financial Highlights Summary of our financial performance (2022 - 2023) Revenue, $mm 5.73 1.98 4.97 2.14 43% Gross margin Gross margin 35% 2022 2022 2023 2023 Gross profit, $mm 0.49 0.98 2022 2023 Higher demand from international market, weighed by manpower & capacity constraints Our gross margin de
Slide 17: Geographical revenue breakdown, 2023
Malaysia United States Singapore 5.6% 31.6% Financial Highlights Geographical revenue breakdown, 2023 Serving an international customer base, presenting us with future growth opportunities Australia 4.4% South Asia 42.6% 15.8% 16
Slide 18: Summary of our financial performance (1H2023-1H2024)
Financial Highlights Summary of our financial performance (1H2023 - 1H2024) Revenue, $mm 2.07 0.82 2.14 0.83 Gross margin 39% Gross margin 40% 1H2023 1H2023 1H2024 1H2024 Gross profit, $mm 0.22 0.22 - 2.0% - 3.6% - 0.5% Demand for our products & services remained steady in 1H2024 Steady demand for o
Slide 19: Growth Strategy
3 Growth Strategy Investor Presentation WF Holding Limited 18
Slide 20: Expansion Plans
Growth Strategy Expansion Plans 1 2 3 Expand in our biggest markets Substantially widen our market presence in Singapore, Australia & Malaysia via M&A, in - house product development and technology/machinery investments such as oil & gas, air pollution control systems, and renewable energy Capitaliz
Slide 21: Use of IPO Proceeds
Growth Strategy Use of IPO Proceeds Expansion of production capacity Hiring & training staff Working capital & general corporate purposes 24.8% 11.2% 64.0% Proceeds from this IPO are expected to fuel our growth and expansion 20
Slide 22: Investment Highlights
Targeting inorganic growth through M&A Proceeds from this IPO will fuel our growth and expansion Proven track record with international distribution 30+ years of providing high - quality, durable products to global customers Owner - led business with highly experienced Board Board of directors with
Slide 23: Appendix
Investor Presentation Appendix WF Holding Limited 22
Slide 24: Photos of our projects: Completed project, Singapore
Appendix Photos of our projects Completed project, Singapore 23
Slide 25: Photos of our projects: Completed project, Australia
Appendix Completed project, Australia Photos of our projects 24
Slide 26: 2023 financial results discussion
— In 2023, our revenue growth was driven by higher demand from an overseas customer. Revenue would have been higher if not for manpower and capacity constraints at our manufacturing facility. In the absence of such constraints, we would have been able to take on more orders during the year under rev
Slide 27: 1H2024 financial results discussion
— In the first half of 2024, we witnessed a slight decline in our revenue primarily due to strengthening¹ of the U.S. dollar against the RM, which resulted in lower translated revenue from RM to the U.S. dollar. - 3.6% $2,067,101 $2,144,588 Revenue — The decrease in our cost of sales was generally i
Slide 28: Contacts
Appendix Contacts Issuer Underwriters WF Holding Limited Dominari Securities LLC corporate@winfung.com.my +603 7847 1828 Lot 3893, Jalan 4D, Kg. Baru Subang, Seksyen U6, 40150 Shah Alam, Selangor, Malaysia info@dominarisecurities.com +1 (212) 393 - 4500 725 Fifth Avenue, 23rd Floor, New York, NY 100