Symphony International Holdings Ltd. · LSE:SIHL
Symphony International — Shareholder Meeting (April 2023)
13 slides from Symphony International's shareholder meeting presentation, Apr 28, 2023
Slide 1: Performance update and 2022 financial result
Symphony International Holdings Limited Performance update and 2022 financial result 28 April 2023 STRICTLY PRIVATE & CONFIDENTIAL
Slide 2: Growth in NAV and NAV Per Share
Overview Growth in NAV and NAV Per Share 1.35 1.32 1.35 NAV and NAV per share were US$496.7 900.0 1.27 1.22 million and US$0.97 at 31 December 2022, 1.18 1.18 833.2 813.4 1.16 807.3 805.4 796.7 799.4 1.20 respectively. This compares to US$488.8 37.3 800.0 1.12 37.3 37.3 37.3 778.7 million and US$0.9
Slide 3: Relative Performance to Global and Asian Indices
Overview Relative Performance to Global and Asian Indices 2.50 Symphony’s NAV per share increased by 1.6% during 2022 which compares to a Index price (linked to SIHL IPO price) 2.00 19.8% and 20.5% decrease associated with 1.50 MSCI AC the MSCI AC World and Asia AC Asia IPO price of World US$1.00 on
Slide 4: Fair Value of Investments and Temporary Investments
Overview Fair Value of Investments and Temporary Investments 600.0 The cost of investments decreased from US$61.0 million to US$38.4 million during 2022. The change is due to (i) the partial 488.8 496.7 500.0 realisation of ASG and MINT shares that Cost, unrealised gains, temporary investment (US$ m
Slide 5: NAV by Segment
Overview ! The fair value of investments at 31 December 2022 accounted for 100.0% of NAV. This compares to investments accounting for 102.1% of NAV at 31 December 2022. ! Cash generated from the sale of MINT and ASG shares and property related distributions more than offset expenses and new investme
Slide 6: 2022 Financial Performance: Statement of Comprehensive Income
2022 Financial Performance Statement of Comprehensive Income Year ended 31 December 2021 2022 Other operating income US$14.8 million, US$'000 US$'000 which mainly comprised inter-company dividend transactions and interest income on cash balances at the parent company. Other operating income 182,234
Slide 7: 2022 Financial Performance: Statement of Financial Position
2022 Financial Performance Statement of Financial Position As at 31 December 2021 2022 US$'000 US$'000 Fair value of unconsolidated Non-current assets subsidiaries, which include the fair Financial assets at fair value value of Symphony's underlying through profit or loss 480,755 478,226 investments
Slide 8: Portfolio Update: Indo Trans Logistics
Portfolio Update Investment Business Update Company name : Indo Trans Logistics Corporation (“ITL”) • Following a strong performance in 2020 and 2021, the logistics sector is beginning to Date of investment: June, 2019 experience some headwinds. ITL’s revenue and EBITDA declined by 10.1% and 8.1%, r
Slide 9: Portfolio Update: Minor International
Portfolio Update (cont’d) Investment Business Update Company name : Minor International Pcl (“MINT”) • MINT reported a strong rebound in core revenue and earnings before interest, tax, Sector: Hospitality depreciation and amortisation (“EBITDA”) of 66.3% and 98.0%, respectively, in 2022 year- Type o
Slide 10: Portfolio Update: Minuet Limited
Portfolio Update (cont’d) Investment Business Update Company name : Minuet Limited (“Minuet”) • The Company initially invested approximately US$78.30 million by way of an equity Date of investment: July, 2008 investment and interest-bearing shareholder loans. Since the initial investment by the Type
Slide 11: Portfolio Update: Desaru development
Portfolio Update (cont’d) Investment Business Update Company name : Desaru development • The One&Only Desaru Coast Resort performance continued to improve through 2022 with an increasing number of foreign visitors, particularly from Singapore. While occupancy Date of investment: January, 2012 levels
Slide 12: Portfolio Update: Soothe Healthcare
Portfolio Update (cont’d) Investment Business Update Company name : Soothe Healthcare Pvt Ltd. (“Soothe”) • Soothe continues to grow the business with more focus on improving profitability. In 2022, Date of investment: June, 2019 total sales grew by 37.4% while EBITDA margins improved by almost 900
Slide 13: Liquidity and other
Liquidity and other ! Aside from the update for the seven material investments that constitute more than 5% of NAV each in this performance update, Symphony had 15 other investments at 31 December 2022 that had a cumulative fair value of US$93.7 million and accounted, in aggregate, for 18.9% of NAV.
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