Corporate Presentation Springboard to Growth in Asia Pacifics - - PowerPoint PPT Presentation

Corporate Presentation

“Springboard to Growth in Asia Pacific’s Lubricants Industry”

Sponsor’s Statement

2 This presentation has been prepared by United Global Limited (the “Company”) and its contents have been reviewed by the Company's sponsor (“Sponsor”), SAC Advisors Private Limited, for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this presentation. The presentation has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this presentation, including the correctness of any of the statements or opinions made, or reports contained in this presentation. The contact person for the Sponsor is Ms. Lee Khai Yinn, at 1 Robinson Road #21-02 AIA Tower, Singapore 048542, telephone (65) 6532 3829. SAC Capital Private Limited is the parent company of SAC Advisors Private Limited.

Corporate Profile

Who We Are

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

Established in Singapore since March 1999.



Singapore-based independent lubricant manufacturer and trader.



Distribution in over 30 countries, mainly in the APEC.

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Our in-house laboratory, with equipment to perform tests in accordance with the American Society for Testing Materials (ASTM) and the China GB Standards.



An ISO9001-certified company, with a blending capacity

• f 44,000MT in Singapore and 80,000MT in Indonesia via
• ur

95%-owned subsidiary PT Pacific Lubritama Indonesia.



Specialist in automatic transmission fluids (“ATF”) with a comprehensive range of products catered to specific transmission needs.

Our Products

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Awards and Certifications

ISO 9001:2008 # Lloyd’s Register Quality Assurance Limited Quality management system EOLCS License American Petroleum Institute (API)* Lubricants products performance specifications European Automobile Manufacturers’ Association (ACEA)* Lubricant products performance specifications Japanese Engine Oil Standards Implementation Panel (JASO)* Lubricant products performance specifications BizSAFE level 3 #, CultureSAFE Workplace Safety and Health Council Workplace safety of our lubricant blending facility and in-house laboratory Society of Automotive Engineers (SAE)* Viscosity specifications International Lubricants Standardisation and Approval Committee (ILSAC)* Gear oils and crankcases performance specifications

* We meet the standards/ specifications, or we are able to carry out tests with the standards set # We were awarded/ obtained these certifications

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American Society for Testing Materials (ASTM)* Testing method China GB Standards* Testing method

Competitive Strengths

Why Invest In Us?



Established track record of growth and profitability



For more than 18 years, we have built a reputation for reliable and responsive service in the lubricants industry.



Net profit after tax increased from US$3.3 million in FY2013 to US$5.6 million in FY2016 (inclusion of IPO expenses charged to P&L of US$0.6 million). 

Quality products



Quality management system at various stages

• f

production to meet international standards.



Tests standards set by the American Society for Testing Materials and China GB.

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3.3 3.4 6.2 5.6 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 FY2013 FY2014 FY2015 FY2016

Profit After Tax (US$M)

Why Invest In Us?



Customised products and value-added services



Able to customise products and production volume to cater to specific customers’ needs.



Differentiation of product mix in accordance with the market positioning in the various countries.



Value-added services – assist in certification processes, designing of packaging material, storage

• f lubricants, etc.



Export-oriented business and wide global distribution network

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Extensive network of distributors covering more than 30 countries.



More than 84.6% of our total revenue for FY2016 were derived from sales outside Singapore. 9

China Hong Kong Macau Taiwan Japan Korea Russia Cambodia East Timor Indonesia Malaysia Myanmar Philippines Singapore Thailand Vietnam Australia Fiji Islands New Zealand Papua New Guinea Samoa Solomon Islands Bahrain Bangladesh Cyprus India Iraq Kazakhstan Lebanon Mauritius Pakistan Yemen Congo Gabon Ghana Kenya United Kingdom

Why Invest In Us?



Strategic business cooperation



Business cooperation with CNOOC and UNT Oil for greater access into China and Malaysia respectively.



Well-established business relationships with our customers, distributors and suppliers



More than 80% of revenue from FY2016 were from repeat customers.



Long-standing relationships with suppliers and distributors. 10

Why Invest In Us?



Strong presence in Indonesia via our subsidiary PLI



80,000MT annual blending capacity, 17,000MT storage tanks and jetty access to 12,000MT cargo capacity.



Acquisition completed in July 2017.



Committed, competent and experienced management team



Extensive experience and knowledge of their respective fields in the lubricant and related industries. 11

Financial Highlights

Revenue and Net Profit (FY2013-16)

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102.1 118.7 99.9 91.5

0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 FY2013 FY2014 FY2015 FY2016

Revenue (US$m)

3.3 3.4 6.2 5.6

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 FY2013 FY2014 FY2015 FY2016

Profit After Tax (US$m)

Gross Profit Margin (FY2013-16)

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17.1% 17.8% 24.2% 23.7%

3.6% 2.1% 3.3% 5.4% FY2013 FY2014 FY2015 FY2016

Manufacturing Trading

Business Developments

Business Developments

 December 2016 - United Oil entered into a 35%/65%

shareholders agreement with its Taiwan distributor Jin Wei Chuang Co. Ltd to incorporate a JV in Taiwan to distribute lubricants of United Oil’s in-house brands in Taiwan and trading

• f third party lubricants.

 January 2017 - United Oil entered into a joint operation

agreement with Lighthouse Enterprise, its lubricant distributor in Myanmar.



United Oil will provide expertise and assist Lighthouse in promoting, marketing, distributing and selling specialised lubricant products in Myanmar for a three-year period.

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Business Developments

 July 2017 - Acquired a 95% stake in PLI.



PLI, with its 80,000MT annual blending capacity, 17,000MT storage tanks and jetty access, would strengthen the Group’s production capacity and export capabilities.  July 2017 - Entered into MOU with M-TechX to explore setting

up a JV to undertake mass production and commercialisation of nano-fibres in oil absorbents, undertake further R&D of the Technology for further commercialisation in the filter and ballast water sectors.

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Thank You