Yangzijiang Financial Holding Ltd. · SGX:YF8
Yangzijiang Financial — 1H2022 Earnings Presentation
35 slides from Yangzijiang Financial's earnings presentation, August 2022
Slide 1: Yangzijiang Financial Holding Ltd. August 2022
Yangzijiang Financial Holding Ltd. 扬子江金融控股有限公司 August 2022 1
Slide 2: Content
1 CORPORATE OVERVIEW 2 INVESTMENT MANAGEMENT CONTENT 3 FUND AND WEALTH MANAGEMENT 4 1H2022 FINANCIAL RESULTS 5 SUMMARY 2
Slide 3: Vision and Mission
VISION MISSION To become a Invest in growth leading investment opportunities to achieve manager in Asia, attractive risk-adjusted focusing on return, while providing sustainable long- steady stream of dividends term value creation to shareholders through income generated from investment and fund man
Slide 4: At a Glance
AT A GLANCE SGX:YF8 S$1.5b S$4.2b Stock Code Market Cap Net Asset Value (As at 11 Aug 2022) (As at 30 June 2022) 40% S$200m S$4.6b >9.5% Dividend Payout Ratio (For FY2022-FY2024) Share Buyback Programme (~S$9.0m utilized as of 18 July 2022) Asset Under Management Pre-Tax ROA for last 3 （As at June 2
Slide 5: Business Highlights After Listing
BUSINESS HIGHLIGHTS AFTER LISTING Entered an investment Increased dividend Announced a S$200 Appointed advisory agreement pay-out to at least million Share Buy- Chief Risk for an AUM of approx. 40% from at least back programme Officer, Mr S$500 million with a 30% that is stated in pursuant to the sh
Slide 6: Strengthened the Core Team
STRENGTHENED THE CORE TEAM Since April 2022, the Group has grown its team to 70 professionals Board of Directors Key Management Ren Yuanlin Toe Teow Heng Liu Hua Executive Chairman CEO, CIO - Singapore CFO and COO Investment Team Risk Management and Compliance Sean Low Peng Alex Yan Chiang Su Qing T
Slide 7: Key Management
KEY MANAGEMENT Toe Teow Heng (卓侨兴) Chief Executive Officer, Chief Investment Officer - Singapore • Mr. Toe has over 25 years of experience in fund management and investment advisory, M&A, IPO deals and fundraising, throughout Asia. Prior to joining ICHAM, a Singapore-based fund management company as
Slide 8: Key Management
KEY MANAGEMENT Peng Xingkui (彭兴奎) Chief Investment Officer – PRC • Mr. Peng has over 10 years of experience in the banking and investment management sectors. Prior to the spin-off, Mr. Peng was the Head of Investment Management Department of Yangzijiang Shipbuilding (Holdings) Ltd. • Mr. Peng joined
Slide 9: Key Management
KEY MANAGEMENT Su Qing (苏庆) Chief Compliance Officer – PRC • Mr. Su has over 14 years of experience in handling the legal affairs of Yangzijiang Shipbuilding (Holdings) Ltd. • He joined Yangzijiang Shipbuilding (Holdings) Ltd in November 2007 and has progressed through the ranks to the Legal Directo
Slide 10: Advisors
ADVISORS Sean Low Shieng Ang (刘轩昂) External Senior Investment Advisor • Mr Low is currently the Chief Executive Officer and Chief Investment Officer of Golden Vision Capital (Singapore) Pte. Ltd., a global private equity (“PE”) fund registered with the Monetary Authority of Singapore and anchored by
Slide 11: Overview of Strategies
OVERVIEW OF STRATEGIES Yangzijiang Financial Holding Ltd. Fund Wealth Management Investment Management Business Management Business Debt Investment Direct Fund Fund Wealth Microfinancing (at amortised costs) Investments Investments Management Management Fixed interest debt Provision of Investment in
Slide 12: Where We Are
WHERE WE ARE Portfolio Allocation By Risk Profile And Portfolio Allocation By Asset Classes Geography Cash and Singapore Most of the assets in yield 10.8% Singapore are in cash and enhancement denominated in USD. products 28.8% As of Debt Investments As of 30 June 2022 56.9% 30 June 2022 Public and
Slide 13: Where We Want To Be
WHERE WE WANT TO BE Long Term Target Grow the Group’s AUM and diversify its exposure Increase AUM by Reduce Debt Investment In China Increase Investment in Singapore Launch of own General Partner 70% (GP) Funds (Target 50% 20-60% of AUM to 50% be raised from third parties) 30% 22% Expand Fund/Wealth
Slide 14: Investment Management
INVESTMENT MANAGEMENT 14
Slide 15: Asset Classes and Key Focus
ASSET CLASSES AND KEY FOCUS Key Focus/Themes ESG, including clean energy, strategic investments in shipping industry Maritime Fund Private Equity Late-stage companies, typically growth Key Asset “New Economy”, including 5G, big data, AI Classes Private Debt/ Fund Investments Real estate, particularl
Slide 16: Investment Management – Fund Investments
INVESTMENT MANAGEMENT – FUND INVESTMENTS Sustainable and responsible investing in maritime assets and technologies Maritime Related Funds Fund Objective: Generate a steady stream of income and attractive returns through investments in maritime assets (including vessels) for the purpose of leasing, c
Slide 17: Fund Management and Wealth Management
FUND MANAGEMENT WEALTH MANAGEMENT 17
Slide 18: Fund and Wealth Management
FUND AND WEALTH MANAGEMENT To generate fee income and advisory income Wealth Management AUM Signed an agreement to provide investment advisory services for a family office S$500m Fund Management AUM S$120m (US$86m) ICH Gemini Asia Growth Fund o Fund term has been extended to June 2023 S$217m (US$155
Slide 19: 1H2022 Financial Results
1H2022 FINANCIAL RESULTS 19
Slide 20: 1H2022 Financial Highlights
1H2022 FINANCIAL HIGHLIGHTS Decrease in total income mainly due to fair value changes on financial assets due to weakness in financial markets in 1H2022; interest income decreased slightly due to strategic portfolio reshuffling to beyond China S$ million (except for per share items) 1H2022 1H2021 y-
Slide 21: 1H2022 Income Highlights
1H2022 INCOME HIGHLIGHTS y-o-y MSCI World Index S$ million 1H2022 1H2021 change (1 Jan 2022- 30 Jun 2022) Total Income 173.8 239.2 (27%) 3,400 Interest Income 184.9 190.6 (3%) 3,200 Non-Interest Income (11.1) 48.5 n.m.^ 3,000 2,800 Fee income 0.0* - n.m. ^ 2,600 Dividend income 7.6 14.6 (48%) 2,400
Slide 22: 1H2022 Balance Sheet Highlights
1H2022 BALANCE SHEET HIGHLIGHTS S$ million 30 June 2022 31 Dec 2021 Comments Total Assets 4,512.6 4,399.9 To be discussed in the next slide Consists mainly of deferred income tax liabilities due to undistributed dividend receivable from PRC subsidiary as a Total Liabilities 281.5 151.1 part of the s
Slide 23: 1H2022 Balance Sheet Highlights
1H2022 BALANCE SHEET HIGHLIGHTS Selected Items As At 30 June 2022 (S$ million) Description Current Assets Non-Current Assets Total Comments Financial assets at fair value Comprises of the Group’s investments in 0.7 402.5 403.2 through P&L equities and/or funds Debt Investments at amortised 2,478.0 1
Slide 24: Current Portfolio
CURRENT PORTFOLIO Portfolio Allocation By Risk Profile And Portfolio Allocation By Asset Classes Geography Cash and Singapore, Most of the assets in yield S$480m, Singapore are in cash and enhancement 10.8% denominated in USD. products, S$1,279m, 28.8% As of Debt Investments, As of 30 June 2022 S$2,
Slide 25: PRC Equity Portfolio
14.3% PRC EQUITY PORTFOLIO Diversified Agriculture Consumer Software 2% Services Construction & 2% 1% Engineering 3% Retailing 3% Financial Service Conglomerate 6% 31% PRC Equity Portfolio By Sector Metals & Mining Net asset value: S$633m 7% As of 30 June 2022 cash 8% Machinery Manufacture 16% 21% 2
Slide 26: PRC Debt Investment Portfolio
56.9% PRC DEBT INVESTMENT PORTFOLIO (Excluding Micro-Finance) PRC Debt Investment Portfolio (Excludes microfinancing) S$ million (PRC) PRC 1H2022 Debt Investments By Maturity Beginning of financial period 3,514.6 more than 2 years, 5% Investments transferred to owners before spin-off (536.4) 1-2 yea
Slide 27: PRC Debt Investment Portfolio: Breakdown of Borrowers
56.9% PRC DEBT INVESTMENT PORTFOLIO (Excluding Micro-Finance) 3% 3% 2% 4% 1% 1% 1% 1% 4% 1% 2% 1% 5% 11% 10% 4% 5% 18% 27% 29% 37% 29% 35% 34% 35% Analysis on 13% 26% Type of 24% 35% 43% 25% 21% Collaterals 51% (%) 23% 27% 23% 23% 34% 30% 30-Jun-19 31-Dec-19 30-Jun-20 31-Dec-20 30-Jun-21 31-Dec-21 3
Slide 28: PRC Debt Investment Portfolio: Non-Performing Loan
PRC DEBT INVESTMENT PORTFOLIO (Excluding 57% Micro-Finance) : NON-PERFORMING LOAN High Non-performing loan ratio due to Active credit risk management and debt more prudent* stance taken by Group in recovery efforts showcased in low providing for loss allowance utilization of allowance for impairment
Slide 29: PRC Debt Investment Portfolio: By Risk
PRC DEBT INVESTMENT PORTFOLIO (Excluding 56.9% Micro-Finance) : BY RISK SGD (million) Principal Provision Net Balance* % Performing 2,412.3 (88.3) 2,325.5 93% Under-performing 162.0 (19.0) 143.3 6% Non-performing 52.9 (16.0) 37.2 1% 2,627.2 (123.3) 2,506.0 100% *net of currency translation differenc
Slide 30: Summary
SUMMARY 30
Slide 31: Competitive Advantages
COMPETITIVE ADVANTAGES Investment cum Strong investment Active portfolio Professional team Asset Manager capacity with deep management to with extensive proprietary capital pool deliver attractive industry and capital risk-adjusted returns market experiences o Proven track record RMB10 billion Combi
Slide 32: Competitive Advantages
COMPETITIVE ADVANTAGES Broad and deep Ability to attract strategic global talent Qualified Domestic Limited Partnership (“QDLP”) relationships in the o Extensive platform Greater China and to offer end-to-end Southeast Asia region domestic and About QDLP international Access to ongoing investment o
Slide 33: Summary
SUMMARY Track record since listing, led by an established team Diversification into an international private market asset manager Three-pronged strategy o Co-GP fund; GEM, o Access to top-tier PE and Private Credit Funds o Wealth management Governance and risk management Key focus: Generate good ret
Slide 34: Disclaimer
DISCLAIMER The presentation is prepared by Yangzijiang Financial Holding Ltd. (the “Company”) and is intended solely for your personal reference and is strictly confidential. The information contained in this presentation is for information only and is subject to change without notice, its accuracy
Slide 35: Thank You
THANK YOU For media and investor enquiries: public@yzjfin.com emily@gem-comm.com cy@gem-comm.com 35
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