FY 2017 Results Presentation 27 April 2018
Disclaimer This confidential presentation (“Presentation”) has been prepared by Forise International Limited (“Forise”) for discussion with selected recipients only. This Presentation is for information purposes and shall not be construed as an offer to sell or a solicitation for the subscription or purchase of interests, or as an invitation, inducement or intermediation for the sale, subscription or purchase of interests, or form the basis of any decision to subscribe for or purchase any interests in Forise or any of its affiliates, or for engaging in any other transaction. While reasonable care has been taken to prepare this document, the information contained herein may not be relied upon for accuracy or completeness; and any opinion or estimate contained in this document is subject to change without notice. This Presentation is solely for information purposes only and is not intended for anyone other than the recipients. It may not be published, circulated, reproduced or distributed, in whole or part, to any other person without the prior consent from Forise. The information contained in this Presentation is proprietary and confidential to Forise and may not be disclosed to third parties or duplicated or used for any purpose other than the purpose for which it has been provided. Any unauthorized use, duplication or disclosure of this Presentation is prohibited by law. If, at any time, such transmission, reproduction or disclosure is made, and Forise, and/or any affiliates, suffers any loss, damage, liability of any kind whatsoever arising out of, or in connection with, any such transmission, reproduction or disclosure, the recipient agrees to hold harmless and indemnify Forise and/or affiliates from and against any such loss, damage or liability. Forise or its affiliates may have acted upon or have made use of material in this document prior to its publication. If you have any doubt about any of the contents of this publication, you should obtain independent professional advice. 2
Table of Contents Introduction Business Update Financial Review Growth Plans Conclusion Corporate Overview Discontinued Operations Financial Performance Market Outlook Corporate Vision Group Structure New Business Platforms Financial Position Business Model Contact Details Financial Highlights Management Team Key Financial Indicators Growth Strategy Q & A 3
1 Introduction 4
Corporate Overview Exchange Listing Mainboard of the SGX-ST on 25 Sep 2009 Exchange Code I5H Market Capitalization (SGD) 12,780,000 Share Price (SGD) 0.006 (Closing price on 25 April 2018) Issued & Paid-Up Shares 2,130,000,000 PE Ratio (SGD) 40.00 Trailing EPS (SGD) 0.00015 NAV per Share (SGD) 0.0043 Source: Shareinvestor, 25 April 2018 5 Introduction Business Update Financial Review Growth Plans Conclusion
Corporate Overview Forise International Limited is a SGX-listed company and provides a comprehensive range of corporate advisory services to fund and investment managers, SMEs, and high net-worth individuals. Our Clients Small Medium Enterprises & Fund Managers & High Net-Worth Individuals Investment Managers ▪ ▪ Advisory services relating to various corporate actions Advisory services to optimize idle capital deployment ▪ ▪ Business consulting services for fund management Advisory services on debt and equity financing ▪ ▪ Investment management and due diligence services Commercial factoring services for financing flexibility Our Solutions Corporate Advisory Asset Management Financial Restructuring Management Consulting Strategic Planning Commercial Factoring Mergers & Acquisitions Investment Portfolio Planning Corporate Reorganisations Financial Management Strategic Analysis & Evaluation Domestic Factoring Pre-IPO financing Investment Target Recommendation Recapitalizations Investment Consulting Strategic Design & Implementation International Factoring Mezzanine Financing Investment Target Due Diligence Debt Restructuring & Informal Work-Outs Operations & Processes Market, Competitive & Industry Analyses Recourse Factoring Private Equity Fund Initiation & Operations Formal Insolvency Procedures Business Intelligence Continuous Management and Review Non-Recourse Factoring 6 Introduction Business Update Financial Review Growth Plans Conclusion
Corporate Overview – Board of Directors MR. WANG XIN MR. CHRISTOPHER CHONG MENG TAK EXECUTIVE CHAIRMAN LEAD INDEPENDENT DIRECTOR Chairman Founding Partner ▪ ▪ Fu Hua Holdings Co., Ltd. ACH Investments Pte Ltd ▪ Dongyan Hi-Tech (Beijing) Environment Protection Independent Director ▪ Technology Co., Ltd . GLG Corp Ltd (ASX) ▪ ASL Marine Holdings Ltd. (SGX) MR. PENG WEILE MS. LEE KIM LIAN, JULIANA EXECUTIVE DIRECTOR INDEPENDENT DIRECTOR Founding Treasurer Director ▪ ▪ Association of Catalist Companies Aptus Law Corporation Executive Director Independent Director ▪ ▪ SMJ International Holdings Ltd. (SGX) Lee Metal Group Ltd. (SGX) ▪ Non-Executive Director Nordic Group Limited (SGX) ▪ TNT Global Capital Pte Ltd MR. PENG FEI MR. SAN MENG CHEE NON-EXECUTIVE DIRECTOR INDEPENDENT DIRECTOR E xecutive Director & Chief Executive Officer Chief Financial Officer ▪ ▪ SMJ International Holdings Ltd. (SGX) Mencast Holdings Ltd. (SGX) Non-Executive Director Independent Director ▪ ▪ TNT Global Capital Pte Ltd Astaka Holding Limited (SGX) 7 Introduction Business Update Financial Review Growth Plans Conclusion
Group Structure Forise International Limited Incorporated in Singapore 40% 100% 100% 100% TNT Forise Forise Great Global Capital Capital Management Management Holding Pte Ltd Company Limited Limited Limited Incorporated in Singapore Incorporated in the BVI Incorporated in Hong Kong Incorporated in Hong Kong 100% 100% 100% 100% Forise Tianjin Forise Great Great Global Strategy Corporation Management Fashion Trading Brand Management Investment SPC Consultancy Limited (Shanghai) Limited Limited Incorporated in the Cayman Islands Incorporated in China Incorporated in China Incorporated in the BVI 100% 40% 100% 天津复有 Le Rong Tianjin Forise 新茂企业管理咨询 Financial Factoring Corporation Management 有限公司 Company Limited Consultancy Limited Incorporated in China Incorporated in China Beijing Branch 8 Introduction Business Update Financial Review Growth Plans Conclusion
Financial Highlights Threefold increase in revenue compared to the previous year resulting from a greater number of Corporate Advisory Service contracts being secured and completed during FY2017. Revenue Profit before Tax Net Profit RMB 19.39 mn RMB 5.59 mn RMB 1.55 mn RMB 5.04 mn 2017 2016 Shareholders’ Equity Operating Cash Flow Cash & Bank Balances RMB 4.16 mn RMB 34.96 mn RMB 44.44 mn Continuing Operations Discontinued Operations Net Asset Value Basic & Diluted EPS Basic & Diluted EPS RMB 0.11 cents RMB (0.04) c ents RMB 2.08 cents Source: Company Data 9 Introduction Business Update Financial Review Growth Plans Conclusion
2 Business Update 10
Significant Developments The Group has been focusing on the development and growth of its strategic planning, corporate advisory, financial restructuring and management consultancy services. Objectives & Goals Ongoing Strategy Major Developments Removal from the Financial Met all exit criteria for removal Successful exit from the Financial Watch-list of the SGX-ST from the Financial Watch-list Watch-list of the SGX-ST Broaden the Group’s Threefold increase of Deliver greater value the Group’s revenue revenue stream to Shareholders Expand and enhance Actively seek opportunities Recently established Group’s performance to capture performance Asset Management Platform and growth synergies and net asset value 11 Introduction Business Update Financial Review Growth Plans Conclusion
Discontinued Operations Garment Trading business segment has been ceased and recorded as “Discontinued Operations” in consolidated statement of comprehensive income due to discouraging future outlook and prospects. Declining Undergarment Sales Value Growth in China Continued unfavourable market conditions 15% ▪ High-risk, low-return environment ▪ Waning demand in both the PRC and global markets ▪ Anti-globalisation sentiment and trade protectionism 10% Ceased Garment Trading business 5% ▪ Deregistration of Great Holding Limited ▪ Presented as “Discontinued Operations” ▪ Recorded net loss of RMB 0.90mn in FY2017 0% 2012A 2013A 2014A 2015A 2016A 2017F 2018F 2019F 2020F 2021F Men's Undergarments Women's Undergarments Source: Euromonitor International (2017) 12 Introduction Business Update Financial Review Growth Plans Conclusion
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