Eneco Energy (R14) AGM 2024 presentation summary

Financial performance review

• FY2023 revenue S$30.6M, profit S$0.1M, cash and cash equivalents S$14.9M, and NTA per share 0.9 cent.

• RichLand reported YoY revenue over S$30M, profitability over S$2.5M, gross profit margin over 18%, and cash balances over S$4M.

Strategic initiatives and plans

• Resilient business model and REVO Technology positioned to support revenue and profitability growth and margin expansion.

• Use strong cash flow and a flexible balance sheet to expand core logistics and explore new business opportunities.

• Onboard customers and strengthen Singapore presence as a logistics solutions provider through customer satisfaction.

• Pursue stronger financial performance and larger market capitalisation, with the aim of exiting the SGX-ST Watch-List.

Key challenges and risks discussed

• Forward-looking statements reflect management's current expectations; views on future events and operating performance are subject to uncertainties and changing circumstances.