Gallant Venture (5IG) Corporate presentation summary

Overview

• Singapore-listed, Indonesia-focused investment platform centered on Batam and Bintan, with industrial parks, utilities, property development and resort operations.

• Strategic advantages include proximity to Singapore, access to Singapore and Changi International Airport, and a close Singapore-Indonesia relationship.

• Approximately 37 subsidiaries, with high shareholdings in most; Salim Group is the major shareholder.

• Associates PT Indomobil Sukses Internasional Tbk and BOMC provide exposure to automotive and offshore marine businesses.

FY2022 financial and segment performance

• FY2022 revenue was S$166.8m versus S$145.1m in FY2021; EBITDA was S$56.1m versus S$4.9m, and loss after tax was S$13.7m versus S$58.6m.

• Cash and equivalents were S$127.8m, net debt S$262.4m, total assets S$1,378.6m and total equity S$758.8m at FY2022.

• Industrial parks: FY2022 revenue S$41.7m, profit S$13.8m and EBITDA S$23.3m.

• Utilities: FY2022 revenue S$108.8m, profit S$31.7m and EBITDA S$32.2m.

• Property development recorded an S$18.0m loss and negative S$6.5m EBITDA; resort operations recorded an S$5.7m loss and negative S$1.2m EBITDA.

Industrial parks and utilities

• Batamindo Industrial Park and Bintan Industrial Estate offer tenant services including rentals, logistics, accommodation, amenities and infrastructure.

• Tenant industries include electronics and electrical products, healthcare and biomedical, precision engineering, food processing, general manufacturing and offshore marine.

• Utilities provide power, water, telecommunications and waste management to the industrial parks and Bintan Resorts; power supply includes standby generating capacity equal to 30% of installed capacity.

• Resort operations include Singapore-Bintan ferry services, terminal operations, destination marketing, property rental and township services; ferries have maximum seating capacity of 1,176 passengers.