Corporate Presentation ‹#› ‹#›
Important Notice This presentation does not constitute, or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Procurri Corporation Limited (“Procurri”) in Singapore or any other jurisdiction nor shall it or any part of it form the basis of, or be relied on in connection with, any investment decision, contract or commitment whatsoever in this or any jurisdiction. This presentation may contain forward- looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, if any, which are based on the current view of management on future events. The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Procurri or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation. The past performance of Procurri is not indicative of the future performance of Procurri. The value of shares in Procurri (“Shares”) and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, or guaranteed by, Procurri or any of its affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principal amount invested. Please refer to Procurri Corporation Limited’s Unaudited Second Quarter and Half Year 2016 Financial Statements Announcement for the Period Ended 30 June 2016 (“ 1H2016 ”) available at www.sgx.com. DBS Bank Ltd. was the issue manager and underwriter (the “Issue Manager and Underwriter”) for the initial public offering of shares in, and listing of, Procurri Corporation Limited on the Main Board of the Singapore Exchange Securities Trading Limited. The Issue Manager and Underwriter assumes no responsibility for the contents of this announcement. 1 ‹#›
Company Overview 2 ‹#›
Who We Are • Vision : To unlock opportunities in the IT industry by changing the way the world buys technology through a sharing platform • Mission : To be the global aggregator of enterprise hardware and services to our channels, offering a converged network that combines the technology , finance and logistics domains GLOBAL INDEPENDENT PROVIDER Data Centre Lifecycle & Equipment Services 3 ‹#›
What We Do IT Distribution Lifecycle Services Hardware Resale Independent Maintenance Services • Dynamic 2-way relationships - • Independent of OEM SLAs customers can be suppliers & vice • Extended support for out-of-warranty and versa end-of-life IT equipment • Consignment option for equipment owners Hardware-as-a-Service • On-demand computing resources Supply Chain Management • Provide logistics and distribution IT Asset Disposition Services $ services for OEMs in their supply chains • Provide refurbishment services of end-of- usage IT equipment for OEMs and major vendors 4 ‹#›
Our Leading Edge 5 ‹#›
Our Leading Edge 1 Global Aggregator in Fragmented Market 2 Scalable Business Model 3 Well Positioned to Ride on Strong Industry Prospects 4 Experienced Management Team 5 Strong Execution Track Record 6 ‹#›
Global Aggregator in Fragmented Market 1 Global Coverage of more than 80 Countries and 3 Regional Hubs in Singapore, US and UK Our Offices Coverage GLOBAL TECHNICAL SUPPLY DISTRIBUTION EXPERTISE NETWORK 7 ‹#›
Prominence across All 3 Business Segments 1 Hardware Resale Market Independent Maintenance Services Market HIGH HIGH Procurri SMS Champions Challengers Champions Challengers Growth Potential # Growth Potential # Procurri Beijing Trust & Centrics IT Atlantix Global IBRemarketing Far Technology Systems SSCS Curvature Global Explorers Defenders Explorers Defenders TERiX EPOKA Park Place Technologies LOW LOW LOW Current Ability to Execute* HIGH LOW Current Ability to Execute* HIGH IT Asset Disposition Market HIGH Challengers Champions Growth Potential # ITRenew Procurri Ingram Micro Arrow Electronics Dataserv Explorers Defenders Apto Solutions LOW LOW Current Ability to Execute* HIGH Source: Frost & Sullivan *Current Ability to Execute includes geographical presence and breadth of product/service # Growth Potential includes presence in high growth countries and synergy across value chain 8 ‹#›
Scalable Business Model 2 First Mover Advantage from Convergence of Technology, Finance & Logistics Domains Technology Logistics Finance IT Asset Supply Chain Independent Disposition Hardware-as-a-Service Hardware Resale Management Maintenance Services Services 9 ‹#›
Well Positioned to Ride on Strong Industry Prospects Well Positioned to Ride on Strong Industry Prospects 3 Global Data Centre Hardware Market Global IT Maintenance Market 5-Year CAGR = 11.7% (US$293 billion in 2020) 5-Year CAGR = 9.6% (US$42 billion in 2020) Hardware Resale Market Revenue Forecast Independent Maintenance Market Revenue Forecast IT Asset Disposition Market Revenue Forecast (in US$ bil) (in US$ bil) (in US$ bil) 4.4 17.1 34.8 3.8 29.9 14.2 3.3 25.7 11.7 2.8 22.1 2.5 9.6 18.8 2.1 7.9 15.9 6.4 2015 2016F 2017F 2018F 2019F 2020F 2015 2016F 2017F 2018F 2019F 2020F 2015 2016F 2017F 2018F 2019F 2020F Americas Europe Asia Others Americas Europe Asia Others Americas Europe Asia Others Key Drivers GROWTH OF CLOUD, PAY AS YOU USE, CAPEX TO OPEX E-COMMERCE & BIG BRAND AGNOSTIC DATA Source: Frost & Sullivan 10 ‹#›
Experienced Management Team 4 Average 20+ years of industry experience Sean Murphy Global CEO AMERICAS APAC EMEA Ed Flachbarth Vincent Choo Zack Sexton Mat Jordan Poh Yee Tiong Global President Head, Head, EMEA Head, APAC CFO Americas 11 ‹#›
Strong Execution Track Record 5 October 2009 April 2014 June 2014 February 2015 March 2016 Established in Integration of Acquisition in Acquisition of Incorporation in Singapore ASVIDA into Procurri Malaysia Procurri Asia Pacific Beijing, PRC Corporation May 2014 January 2015 March 2015 July 2016 April 2013 Acquisition in U.K. Incorporation in Launched global Procurri listed on Acquisition in U.S. Mexico brand “ Procurri ” SGX-ST Main Board 12 ‹#›
Growth Strategies 1 Mergers and acquisitions, joint ventures and partnerships Enhance our infrastructure to drive business growth 2 Pursue new opportunities with key customers and acquire new customers 3 Build income resilience and increase profitability 4 13 ‹#›
1H2016 Financial Highlights 14 ‹#›
1H2016 Financial Highlights Revenue (S$m) Gross Profit (S$m) and Gross Profit Margin (%) 62.0 +9.7% 20.7 33.5% 29.8% 56.5 16.9 1H2015 1H2016 1H2015 1H2016 EBITDA (S$m) Net Profit after Tax (S$m) +51.4% 6.9 +51.0% 3.0 4.6 2.0 1H2015 1H2016 1H2015 1H2016 15 ‹#›
1H2016 Performance by Business Segment Revenue (S$m) Gross Profit (S$m) Lifecycle Services Lifecycle 20.1% Services 30.2% S$20.7m S$62.0m IT Distribution IT Distribution 69.8% 79.9% Gross Profit Margin (%) 50.1% +5.1pp 45.0% 29.3% 27.2% +2.1pp 1H2015 1H2016 IT Distribution Lifecycle Services 16 ‹#›
Thank You 17 ‹#›
Appendix 18 ‹#›
Our Group Structure The Procurri Group Procurri Corporation Limited 100.00% 100.00% 100.00% 100.00% Procurri Singapore Procurri Malaysia Procurri Asia Pacific ASVIDA UK Limited Pte. Ltd. Sdn. Bhd. Pte. Ltd. 100.00% 100.00% 100.00% Tinglobal Holdings Procurri (Beijing) Co., Procurri LLC Limited Ltd. 99.99% 100.00% 0.01% Procurri, S. de R. L. de Procurri UK Limited C.V. 19 ‹#›
IT Distribution Hardware Resale Multi-vendor provider of data centre equipment across all major IT brands Vendor-agnostic aggregator that matches buy and sell opportunities globally through our established network: - Original Equipment Manufacturers (OEMs) - Value-added Resellers (VARs) - Brokers - Cloud Companies - Maintenance Service Companies High Margin Hardware Resale Value Chain PURCHASE ASSESS VERIFY STORE STAGE REMARKET • Buy equipment • Test and evaluate • Pre-resale • Assemble • Tag & inventorise • Resale equipment from equipment to verification, testing, equipment as per resalable globally channels/markets gauge its value refurbishment of requirements equipment • Wide range of • Advise next step – resalable • Clean & pack for New Resale and pre-resale equipment delivery pre-owned verification, harvest • Harvest, if any, equipment from parts or send for useable parts from both current and recycling non-resalable previous equipment for generations Independent Maintenance Services unit or send for recycling 20 ‹#›
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