Aspial Lifestyle (5UF) Corporate presentation summary

Business segments

• Three segments: retail jewellery and pre-owned merchandise; pawnbroking micro-loans; and overseas secured lending.

• Retail brands include Lee Hwa, Goldheart, Niessing and Maxi-Cash; the portfolio also includes Dr.Pajak in Malaysia and BigFundr in Singapore.

• Retail offers new jewellery and pre-owned jewellery and branded merchandise; operations include vertically integrated new jewellery activities.

Pawnbroking and secured lending

• Singapore pawnbroking loans are collateralised, regulated under the Pawnbrokers Act and capped at 1.5% monthly interest; accepted collateral includes jewellery, branded bags and timepieces.

• Maxi-Cash operates stores in 70+ strategic Singapore locations, launched its app in 2018 and introduced PayNow payouts in 2022.

• Dr.Pajak operates Malaysia’s first drive-through pawnshop.

• Overseas secured loans to foreign corporations are backed by land or property-related assets; in Feb 2024, Maxi-Cash Capital Management raised its BigFundr stake from 15% to 70%.

• BigFundr holds a Singapore MAS capital markets services licence and provides retail investors access to real-estate-backed loans through its platform.

Financials

• Revenue: S$251.2m in 1H2024 vs S$228.8m in 1H2023; FY2023 S$471.6m, FY2022 S$319.0m and FY2021 S$225.7m.

• Profit before tax: S$18.0m in 1H2024 vs S$12.4m in 1H2023; FY2023 S$23.7m, FY2022 S$21.8m and FY2021 S$17.6m.

• As at 30 Jun 2024, total assets were S$1,048.8m and total equity was S$182.2m; as at 30 Jun 2023, they were S$878.0m and S$168.4m, respectively.