Silverlake Axis Ltd

Silverlake Axis Ltd

Corporate Presentation

May 2016

Disclaimer

2

This presentation may contain statements regarding the business of Silverlake Axis Ltd and its subsidiaries (the “Group”) that are of a forward looking nature and are therefore based on management’s assumptions about future developments. Such forward looking statements are typically identified by words such as ‘believe’, ‘estimate’, ‘intend’, ‘may’, ‘expect’, and ‘project’ and similar expressions as they relate to the Group. Forward looking statements involve certain risks and uncertainties as they relate to future events. Actual results may vary materially from those targeted, expected or projected due to various factors.

Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, interest rate charges and regulatory developments. Such factors that may affect the Group’s future financial results are detailed in our listing prospectus / circulars, listed in this presentation, or in the management discussion and analysis section of the company’s result report and filing with the SGX. The reader is cautioned to not unduly rely on these forward-looking statements. We do not undertake any duty to publish any update or revision of any forward looking statements.

The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Silverlake Axis or any of its affiliates, advisers or representatives shall have any liability whatsoever for any loss arising, whether directly or indirectly, from any use or distribution of this presentation or its contents.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares in Silverlake Axis.

3

Investment Merit

4

A leading IT software and services company in the high growth Asia Pacific Region - 40% of leading SE Asian banks use Silverlake’s software and services - 25 years track record of successful implementation of Silverlake’s enterprise software applications in over 150 customer sites with 100% success rate

Earnings and EPS growth from FY2011 to FY2015

Positive trends in banking, insurance and digital businesses Increasing need of a common core platform and digital customer connection capabilities for banks, insurers and digital businesses as well as need to keep up with regulatory changes, compliance and competition

Strong balance sheet with net cash of RM148.3m as of 31 March 2016

Strong margins above most peers Strong EBIT margin with growth in maintenance & enhancement services revenue from existing and new customer engagements

Key Points

Business Overview

Core system platform partner of choice for 3 of the 5 largest ASEAN super regional financial

institutions

Business Overview

6

Our solutions delivers operational excellence and enables business transformations at

over 200 organisations in South East Asia, Australia, China, Europe, Japan,

Middle East, New Zealand and South Asia

Silverlake Axis offers innovative Digital Economy Propositions

and Enterprise Solutions to customers in

Banking, Insurance, Retail, Payment and Digital

Commerce Ecosystems

Business Evolution & Transformation

7

FY2015 Revenue RM516.0 mil

Software Licensing RM131.8 m

25%

Maintenance & Enhancement

Services RM283.3 m

55%

Sale of Hardware Products RM6.2 m

1%

Software Project Services RM59.8 m

12%

Credit and Cards Processing RM14.3 m

3%

Insurance Processing RM20.6 m

4%

Sale of Hardware Products

Licensing of SIBS

RM90.6 m 61%

Branch Banking Maintenance

Sale of Branch Banking Solution


RM19.0 m 14%

RM16.4 m 11%

RM20.9 m 14%

Sale of Branch Banking Solution

Branch Banking Maintenance


RM19.4 m 70%

RM8.4 m 30%

2006 to 2009 2010 to 2015 2003 to 2005

Axis Systems Limited

(Listed on SGX in 2003)

Silverlake Axis Limited

(Post SIBS Acquisition 2006)

SSB, QR, SPIHPL, Merimen,

CVSB, Finzsoft* & Ambit

Retail Banking** Acquisitions

2016 & Beyond

Delivery Channels & Branch Banking Solutions

Core Banking & Payments Solutions

Structured Software Maintenance & Project Services,

Retail, Logistics, Integration Software, Insurance, Mobility &

Internet Solutions, Financial Services Solutions

+ + +

Asia Pacific’s

Largest

Digital Economy

Solutions

Company

Digital Economy Transformation

Partnerships Across Asia and

Beyond Note: Silverlake Solution Limited (SSB), QR Technology Sdn Bhd (QR), Symmetric Payments & Integration Holdings Pte Ltd (SPIHPL) (fka Isis International Pte Ltd), Merimen Group, Cyber Village Sdn Bhd (CVSB), Finzsoft Solutions Ltd (Finzsoft) * Refer to SAL’s announcement on 18 December 2014 for entry into a lock-up agreement in relation to a full takeover offer for shares in Finzsoft Solutions Ltd.

**Completed acquisition of SunGard Ambit (Singapore) Pte. Ltd. on 1 October 2015 and branded business as Silverlake Symmetri (Singapore) Pte. Ltd.

Cu

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Time

Increasing Value Add to Customers

Time Series Recurring License Revenue

Annual Recurring Maintenance Revenue

Repeatable Project Implementation Revenue

Maintenance & Enhancement

Services

Project Services

Initial Software License

Software

Licence

Expansion/

Upgrade

Software

Licence

Expansion/

Upgrade

Software License

Growing Core Customer Revenues

8

3.3

2.1

6.3

4.2

11.3

13.0

3.7

10.9

14.7

3.9

8.5

12.6

17.1

17.6

20.0

20.4

22.2

22.5

24.1

24.2

CIMB Group

Siam Commercial

Public Bank

Bank Mandiri

Maybank

UOB

Bank Rakyat Indonesia

OCBC

DBS

Bank Central Asia

Ranking by Market Cap (US$ billion)

Leading & Growing Market Share

9 Source: Bloomberg

Core System Platform Partner of Choice for

3 of the 5 Largest ASEAN Financial Institutions

Over 40% of the Top 20 Largest Banks in

South-East Asia run on SIBS

Expanding Market Share with

Customers in Australia, China, Europe, Japan, Middle East, New

Zealand & South Asia

Silverlake Axis Has More Than 200 Customers Who Are Leaders in the Markets They Serve and Known for Their

Products & Services Innovation and Operational Excellence

As of Feb. 6, 2016

As of Jan. 1, 2005

Silverlake Customer

Note: The list of prominent core banking vendors in each market changes when non-top 10 institutions are included

Prominent Core Banking Provider in Asia Pacific Market

10

Country Prominent Core Banking Applications

Australia Internal/ Older proprietary, SAP, Oracle, Hogan

China Local/ Internal/ Older Systems, Temenos, TCS

Hong Kong Local/ Internal/ Older Systems

India Infosys, Oracle, TCS FNS

Indonesia Silverlake Axis

Malaysia Silverlake Axis

Philippines Silverlake Axis, FIS, Infosys

Singapore Silverlake Axis

South Korea Local core banking applications, Hyundai

Taiwan Internal and proprietary systems

Thailand Silverlake Axis, FIS

Vietnam Silverlake Axis, Temenos, Hyundai

Note: The list of prominent core banking vendors in each market changes when non-top 10 institutions are included

Source: Table 1 - Leading Core Banking Players in the Top 10 Bank Segments in 12 Asia/Pacific Countries, IDC Financial Insights, 2013

Leader in the IDC MarketScape Global Core Banking Survey

Based on the December 2014 IDC MarketScape Global Core

Banking Survey*,

Silverlake is ranked as the Leader in Core Banking

System based on Capablities and Strategies

11

*Note: Survey is done by IDC Financial Insights and is based on analysis

and buyer perception. IDC is a leading provider of data-driven research

and analysis in the Asia Pacific

Comprehensive Core Banking Solution

12

Board of Directors Profile

13

Dr. Kwong Yong Sin CEO & Group Managing Director

Y Bhg. Tan Sri Dato’Dr. Lin See-Yan Independent Non-Executive Director

Dr. Kwong Yong Sin was appointed as the Group Managing Director on 1 November 2005. He was previously the Managing Director of Silverlake Corporation from 2001 to 2005 where he completed several key SIBS customer transformation projects. Prior to Silverlake, he was the Partner and Senior Vice President of Ernst & Young and Cap Gemini E&Y Consulting.

Goh Peng Ooi Founder & Group Executive Chairman

Mr. Goh Peng Ooi was appointed as the Group Executive Chairman of Silverlake Axis Ltd (“the Company”) on 23 May 2006. Prior to that, he was the Non-Executive Chairman of the Company since 2002. He founded Silverlake Group in 1989 and has built it to become a leading provider of state-of-the-art universal banking solutions, payment and retail solutions.

Tan Sri Dato’ Dr. Lin See-Yan was appointed a Director in 2003. Tan Sri is currently an independent strategic and financial consultant. Prior to 1998, he was Chairman and CEO of the Pacific Bank Group and for 14 years previously, he was the Deputy Governor of Bank Negara Malaysia (Central Bank of Malaysia).


14

Lim Kok Min Independent Non-Executive Director

Mr. Lim Kok Min was appointed a Director in 2006. Mr. Lim has more than 45 years of extensive senior management and over 30 years of board experience in the Asia-Pacific region. He is currently the Chairman of IREIT Global Group Pte Ltd. He is the immediate past Chairman of Gas Supply Pte Ltd, the Singapore Institute of Directors, of Building & Construction Authority and of Senoko Power Limited.

Ong Kian Min Independent Non-Executive Director

Mr. Ong Kian Min was appointed a Director in 2003. Mr. Ong is concurrently an Advocate and Solicitor practicing as a consultant with Drew & Napier LLC and a Senior Adviser with Alpha Advisory Pte. Ltd., an independent corporate advisory group providing advice to companies and businesses in the Asia Pacific region. With more than 20 years of legal practice, he focused on corporate and commercial law, joint ventures, IPOs and corporate finance.

Y Bhg. Datuk Sulaiman bin Daud Non-Executive Director

Datuk Sulaiman bin Daud was appointed a Director in 2003. He was a Director of the Agricultural Bank of Malaysia for two years and later became Chairman for eight years. Under his leadership, the Bank was transformed into a corporatised entity, today known as AGRO Bank.


15

Cassandra Goh Shiou Ling Non-Executive Director

Cassandra Goh was appointed a Director in June 2015. She is currently involved in investment opportunities evaluation and strategic acquisitions to enhance the Silverlake Private Entities’ Digital Economy offerings. She is also spearheading several corporate initiatives focusing on growth and value creation in the Silverlake Private Entities. Prior to this, Ms. Goh worked at Cornerstone Research, a leading U.S. based economic consulting firm.

Datuk Yvonne Chia Independent Non-Executive Director

Tan Sri Dato’ Dr Mohd Munir bin Abdul Majid Independent Non-Executive Director

Tan Sri Dr Munir Majid was appointed a Director in June 2015. He established the Securities Commission in 1993 and was the founding Executive Chairman until 1999. He drafted Malaysia’s 1st code of corporate governance in the aftermath of the Asian Financial Crisis. He is currently Chairman of Bank Muamalat, of CIMB ASEAN Research Institute and of the ASEAN Business Advisory Council, as well as President of the ASEAN Business Club.

Datuk Yvonne Chia was appointed a Director in June 2015. With over 30 years of experience in the financial services industry, she held various leading positions including Chief Executive of RHB Bank Berhad (1996-2002) and Group Managing Director/Chief Executive of Hong Leong Bank Berhad (2003-2013). She is currently on the Board of Trustees for Pemandu Corporation, Prime Minister’s Office and a Trustee for Teach for Malaysia.

Key Management Team Profile

16

Mary Yau Siew Moi Senior EVP, SIBS Core Solutions

Lau Siow Ling Senior EVP, Structured Services

Hoong Lai Ling Senior EVP, Administration and Finance

Ms. Yau has been a key driver in the Group’s growth over the past 26 years and is one of the pioneer employees. Under her leadership, she has grown and enriched the capabilities of the core banking solution portfolio particularly in lending solutions. She is currently responsible for core product development of SIBS and works collaboratively with other entities within the Group to offer digital transformation propositions to customers

Wong Yok Koon Senior EVP, SIBS Core Solutions

Ms. Wong is one of the pioneer employees and was instrumental in driving the Group’s core banking solution portfolio growth. She has over 26 years of experience in core banking development and deployment at major regional and local financial institutions. Today, she continues to be responsible for core product development of Silverlake Axis Integrated Banking Solution (SIBS) particularly in cards and payments, and works with customers in their digital economy transformation.

Ms. Lau has 29 years of IT industry experience in sales, marketing and operations, spending 16 years in IBM Malaysia before joining the Group. She was previously the IBM iSeries Country Manager. She is currently responsible for the SIBS Application Maintenance and Enhancement business, whereby she engages with our clients in ensuring the smooth running of their daily business operations and keeping up with the dynamic industry changes. She holds a degree in Computer Science from the University of Louisiana, USA

Ms. Hoong is responsible for overseeing the Group’s financial and administrative functions. She has 24 years of experience in auditing and financial managerial positions. She is a qualified accountant from the Malaysian Institute of Certified Public Accountants and was trained in Pricewaterhouse Malaysia. Prior to her current role, she was an accountant at Silverlake System from 1996 to 2002. She is also a member of the Malaysian Institute of Accountants.


17

Fabian Lum Wai Kit Senior EVP, Digital Financial Solutions

Lee Cheen Siong EVP, SIBS Channel Solutions

Hidetoshi Neda Managing Director, Silverlake Japan Ltd

Mr. Lum joins the Group in 2015 with 18 years of banking experience spanning wealth management products, delivery, digital marketing and core banking user leadership roles. In Silverlake Axis, he will drive digital financial services in insurance, banking and payments, and chart collaborations harnessing new platforms and digital disruptions. Mr. Lum joins us after 18 years running different leadership roles in OCBC Bank Singapore. He has a Masters of Business Administration and a Bachelor’s degree in Economics and Mass Communication from the National University of Singapore.

Jean Aw Peng Mei Senior EVP, Digital Enterprise Solutions

Ms. Aw is responsible for driving the Group’s digital enterprise strategy by combining and creating digital solution propositions from our core and acquired businesses. She joined the Group in 2014 and brings 26 years of experience in business and technology transformation of a number of global, regional and local banks. Prior to her current role, she was Vice President at OCBC Bank and was previously Director at Ernst & Young Advisory Services. She is a Computer Science graduate from the Royal Melbourne Institute of Technology, Australia.

Mr. Lee has been with the Group since 1995 focusing on the development and implementation of Branch Delivery and Channels Solutions at major regional and local financial institutions. Today, his focus is on product development to empower mobility in the SIBS channel solutions. He was appointed EVP in June 2012. Prior to his current role, he was the country manager for Silverlake Axis in Beijing, China. Mr. Lee has 19 years of experience in the banking software industry. He graduated with an Information Systems degree from Campbell University, Malaysia.

Mr. Neda is responsible for the growth and expansion of Silverlake Axis Group’s business in Japan and joined the Group in 2009. In his 24 years of experience in the Credit Card and Retail Banking industries, he played a lead role in the Japan credit card market by developing new credit card products, payment products and services. These business products were successfully implemented in MasterCard, Citibank N.A., Shinsei Bank, Tokyo Star Bank and SBI Group. He holds a Law degree from Hokkaido University, Japan.


18

Tok Meng Geok Senior EVP, IIPL Group

Trevor Lok Theng Hey Chief Executive Officer, Merimen Group

Andrew Ooi Su Jin Chief Technology Officer, Merimen Group

Ms. Tok started her career at Isis and today, she is the key person in charge of design and development of all Isis integration and payment solutions. She is also responsible for project services operations to deliver new systems as well as to maintain and enhance the installed systems at customer sites. She has over 26 years of experience in banking technologies, system integration and project management. She graduated with a Bachelor of Science (Computer Science) degree from the National University of Singapore

Yew Yee Ming Senior EVP, QR Retail Automation (Asia) Sdn Bhd

Mr. Yew has 25 years of work experience in the retail industry covering software development, implementation, retail industry application consulting, project management and account management. Joining QR in 1995, he has driven business growth with the implementation of the QR Retail Automation solution “PROFIT” across China, Taiwan, Singapore, Vietnam, Cambodia, Indonesia and Philippines. He is now the senior executive in charge of projects and consulting as well as business development with large ASEAN retail groups. With his qualification in Computer Studies, he began his career as an analyst programmer in Parkson Corporation, Malaysia.

Mr. Lok is one of the pioneer employees of Merimen since 2002 and played an instrumental role in its early success. He is currently responsible for the overall strategy and operations of Merimen’s business and leading Merimen’s business development and expansion. He has over 13 years of experience in insurance solutions and services industry. He holds the Highest Honors Degree in Physics and Mathematics from the University of Texas at Austin, USA. He was a Research Fellow at Princeton University, USA and a Physics Doctoral Candidate and Research Fellow at Caltech, USA

Mr. Ooi is responsible for the technical framework in which all Merimen solutions are built upon since the founding years. He assumed the role of Chief Technology Officer in 2013. Prior to Merimen, he worked as a Software Engineer in Sunway Workflow Automation (SWA), and was involved in the design and development of insurance automation systems. He has over 16 years of experience in insurance claim solution and services industry. He graduated from Cambridge University, United Kingdom with a Bachelor Degree in Computing.


19

Sua Shii Huey Director, Cyber Village Sdn Bhd

Ms. Sua joined Cyber Village in its founding years. She has more than 19 years business development and project management experience, specialising in e-commerce implementations and managing small to large enterprise scale e-business projects. Prior to Cyber Village, she was part of the team which set up the first image bank/ stock photo company in Malaysia – Ultra Dimension and successfully signed up stock photo agencies in Singapore, Hong Kong and China. She has a Bachelor Degree in Information Technology from Charles Sturt University, Australia.

Shieh Yee Bing Director, Cyber Village Sdn Bhd

Ms. Shieh is one of the pioneer employees of Cyber Village since 2000. She focuses on Cyber Village’s large enterprise scale projects and development of key banking accounts. Today, besides overseeing Cyber Village’s day to day operations, she also leads product development with special focus on portal and internet mobile financial self-service solutions. She has over 19 years of experience in e-business projects across financial services, logistics, and education industries. She holds a Bachelor of Arts (Hons) from the National University of Singapore.

20

Major Developments

Acquisitions Made: 2010 - 2015

21

In addition to broadening the Group’s income base, these acquisitions have added depth and range to the Group’s portfolio of software solutions and services to deliver and support our customers’ transformations initiatives to compete and profit from the digital economy

* Refer to SAL’s announcement on 18 December 2014 for entry into a lock-up agreement in relation to a full takeover offer for shares in Finzsoft Solutions Ltd.

SPIHPL (fka IIPL)

(Enterprise Payment & Integration

Platform)

Cyber Village

(Mobile & Internet Solution)

QR Technology (Retail & Logistic

Solution)

Finzsoft Solutions *

(Solutions for Banks & Financial

Institutions in New Zealand and Australia)

Ambit Retail Banking** (Retail Banking

Solution)

2011 2013 2010 2014 2015

Silverlake Solution

(Structured Software Maintenance &

Project Services)

Merimen Group

(Insurance Claims & Policies Processing

Software as a Service ‘SaaS’ Platform)

**SunGard Ambit Retail Banking has been rebranded as “Silverlake Symmetri”

Our Recent Acquisition

• Brings an established open-platform product offering for core banking, channels and card/payments

• Offers an alternative competitively-priced product to penetrate medium-low segment whilst allowing SIBS to maintain premium pricing

• Adds more than 50 new customers to Silverlake Axis current base of over 150 customers

• Extends our geographical reach to Eastern Europe, Middle East, South Asia while creating a stronger market leadership in South East Asia

22

Acquisition of SunGard Ambit Retail Banking** in October 2015

**SunGard Ambit Retail Banking has been rebranded as “Silverlake Symmetri”

Silverlake Symmetri Customers

Southeast Asia Middle East & Africa

Indian Subcontinent & Pakistan Europe

28% of FY14 revenue 20% of FY14 revenue

21% of FY14 revenue 29% of FY14 revenue

A Partial Customer Footprint

SunGard Ambit Retail Banking has been rebranded as “Silverlake Symmetri”

Silverlake Axis Digital Economy Solution

24 *SCCIM: Silverlake Collaborative Capability and Intelligence Model

The Silverlake Collaborative Architecture (CORE + SCCIM) drives our industry and cross industry solution roadmap for digital economy enterprises

CORE

Solutions

Silverlake Axis

Integrated

Banking Solution

(SIBS) Silverlake Axis

Integrated Islamic

Banking Solution

(SIIBS)

Silverlake Axis

Integrated

Provident Fund

System (SIPFS)

Silverlake Axis

Card System

(SCS)

Silverlake Symmetri

Core Banking

Silverlake Axis

Retail Merchandising

System

(PROFIT)

CORE Integration

SIBS Delivery Service Processor

(DSP)

Enterprise to Enterprise Collaboration (SCCIM*)

SIIBS DSP Complement

(DSP-C)

Omni Channel Services

SCCIM.OS Social Network

Services

Technology Services

Industry Services

SCCIM.OS. Payment

SCCIM.OS. Data

Web

ATM

Branch Teller

& Sales

Loan

Origination

Contact

Centre

Collection

Self/ Kiosk

Service

Customer

Relationship

Management

(CRM)

Internet

Banking

Smart Mobile

Banking

eWallet

Mobile

Advertisement

Virtual Real

Super Mall

Augmented Reality

GeoGate

ICMS

Mobile

Mobile Loyalty

Programme

Identity Access

Management

Mobile Game

Mobile POS

Notification

Mobile Alert

Offers

Mobile Stock

Trading

Internet Mobile

Convergence

Mobile Apps

(iOS, Android,

Windows, BB)

Smart Devices,

Tablets and Web

Virtual Card

Online Share

Trading Personalization

eLoyalty

ePayment

eProcurement

Facebook

Banking

eRemittance

P2P

Payment

Web POS Portals Express

Banking

Silverlake Axis

Insurance Solution

(MERIMEN)

Silverlake Axis Digital Economy Core Capabilities and Ecosystem Offerings

25

Healthcare Ecosystem

Education Ecosystem

Hospitality Ecosystem

Merimen Software-As-A-Service Insurance

Platform

Insurers

Workshops & Repair Centres

Motor Part Suppliers

Loss Adjustors

Insurance Intermediaries

Cyber Village Mobile & Internet Solution

SPIHPL (fka IIPL) Integration and Enterprise Payment Platform

Silverlake Axis Integrated Banking Solution (SIBS)

Silverlake Axis Integrated Islamic Banking Solution (SIIBS)

Silverlake Axis Card Solution (SCS)

Finzsoft Solutions for Financial Services Industry

Silverlake Symmetri Retail Banking Solution

QR Retail Merchandising System (PROFIT)

Online Stores

Physical Stores

Warehouse

Digital Payment

Logistic

* Silverlake Collaborative Capability and Intelligence Model

Solicitors

Business Platform Capabilities

Islamic Financial

Institutions

Regional Financial

Institutions

Exchanges & Payment Gateways

Domestic Financial

Institutions CORE

SCCIM*


CORE Integration

Silverlake Axis Banking Ecosystem

26

Cyber Village Mobile & Internet Solution

SPIHPL (fka IIPL) Integration and Enterprise Payment Platform

Silverlake Axis Integrated Banking Solution (SIBS)

Silverlake Axis Integrated Islamic Banking Solution (SIIBS)

Silverlake Axis Card System (SCS)

Finzsoft Solutions for Financial Services Industry

Silverlake Symmetri Retail Banking Solution

Islamic Financial

Institutions

Regional Financial

Institutions


Domestic Financial

Institutions

Core System Platform Partner of

Choice for Top 3 of the 5 Largest ASEAN Financial

Institutions

Geographical presence in

South East Asia, Australia, China, Europe, Japan, Middle East, New

Zealand and South Asia

Over 40% of the Top 20 Largest

Banks in South-East Asia run on SIBS

100% Successful Implementation

Track In Over 100 Core

Institution Migrations In Asia & Middle East

HealthcareEcosystem

EducationEcosystem

HospitalityEcosystem

Insurers



Loss Adjustors


Online Stores

Physical Stores

Warehouse

Digital Payment

Logistic

Solicitors


CORE

SCCIM*


CORE Integration

Silverlake Axis Insurance Ecosystem

27

Merimen Software-As-A-Service Insurance Platform

Primary markets are Malaysia, Singapore and Indonesia

Growing markets in Thailand, Philippines and Vietnam

Over 110 insurers, encompassing most

major international insurers and many bank-affiliated insurers, covering both

conventional and takaful operators

Over 4,780 automobile workshops and

repair centres

Over 25 major automobile brands

Over 470 loss adjusters and law firms

Over 1,940 insurance intermediaries

Insurers



Loss Adjustors


Solicitors

HealthcareEcosystem

EducationEcosystem


Online Stores

Physical Stores

Warehouse

Digital Payment

Logistic


Islamic Financial

Institutions

Regional Financial

Institutions


Domestic Financial

Institutions

CORE

SCCIM*


CORE Integration

Silverlake Axis Retail Ecosystem

28

QR Retail Merchandising System (PROFIT)

Online Stores

Physical Stores

Warehouse

Digital Payment

Logistic

16 installations across the fastest

growing markets in Asia: China, Malaysia, Philippines, Singapore, Thailand, Vietnam, Cambodia &

Indonesia

Over 45,000 Suppliers

More than 350 Retail Outlets

HealthcareEcosystem

EducationEcosystem


Insurers



Loss Adjustors


Solicitors


Islamic Financial

Institutions

Regional Financial

Institutions


Domestic Financial

Institutions

CORE

SCCIM*


CORE Integration

Results and Financials

30

9M FY2016 Results Summary

(RM Million) 9M FY2016 9M FY2015 % change

Revenue 471.1 387.3 + 22

Gross Profit 274.6 257.8 + 6

Pre-tax Profit 218.2 222.9 (2)

Income Tax (21.5) (14.9) + 44

Net Profit 196.7 208.0 (5)

31

Revenue rose 22% to RM417.1 m with higher contributions from most business segments, maiden contribution from Symmetri Group as well as appreciation of SGD and USD against RM

Lower gross profit margin due to lower contribution from higher margin software licensing and consolidation of lower margin business of Symmetri Group

Consolidation of Symmetri Group at higher costs during transition period contributed to significant increase in total operating expenses

Shareholders’ net profit declined 5% to RM196.7m in 9M FY2016

The Group will continue to focus on efforts to cross sell products and services of Symmetri Group and streamline operating procedures to improve efficiency and profitability.

9M FY2016 Results Summary

32

Revenue by Business Activities

% change

+ 15% + 118% (14%) + 24% + 46% + 127%

248.5

88.6 86.2

18.2 15.6 14.0

215.3

40.6

99.8

14.7 10.7 6.2

0

50

100

150

200

250

300

Maintenance &

Enhancement

Services

Software Project

Services

Software Licensing Insurance

Processing

Credit and Cards

Processing

Sale of Software

and Hardware

Products

RM

' m

9M FY2016 9M FY2015

Dividend

33

Dividend (Singapore cents

per share)

First

Interim

Second

Interim

Third

Interim Final Special Total

FY2013 0.5 0.7 0.8 1.1 - 3.1

FY2014 0.8 0.9 1.0 1.2 0.6 4.5

FY2015 0.8 1.1 1.1 1.21 - 4.21

FY2016 0.6 0.75 0.652

1. Taking into account the dividend entitlement for bonus shares (1 for 5) issued on 8 July 2015, existing shareholders would have received the equivalent of Singapore cents 4.44 per share in FY2015

2. The third interim dividend, over a 20% larger post bonus share base like the first and second interim dividend, will be payable on 6 June 2016

34

Balance Sheet

(RM millions) 31 Mar 2016 30 Jun 2015

CURRENT ASSETS 480.7 477.2

- Trade and other receivables 223.31 85.5

- Cash and bank balances 206.22 320.5

NON-CURRENT ASSETS 353.5 301.8

- Intangible assets 196.03 156.4

TOTAL ASSETS 834.2 779.0

CURRENT LIABILITIES 234.5 118.0

- Trade and other payables 73.64 58.4

- Loans and borrowings 56.55 0.8

NON-CURRENT LIABILITIES 28.6 21.6

SHAREHOLDERS’ EQUITY 571.0 639.4

TOTAL LIABILITIES & EQUITY 834.2 779.0

1. Increase in trade and other receivables due to higher revenue billings and consolidation of Symmetri Group’s receivables 2. Decrease in cash and bank balances due to payment of shareholders dividends and payment for acquisitions of Symmetri Group,

Merimen Group and CSVB as well as share buybacks 3. Increase in intangible assets due to provisional fair values of identifiable assets and goodwill from Symmetri Group acquisition,

new software acquired and higher intangibles recorded resulted from appreciation of SGD and USD against RM 4. Increase in trade and other payables due to accrual of remaining purchase consideration for acquisition of Symmetri Group and

consolidation of Symmetri Group’s payables 5. Increase in loans and borrowings due to drawn down of revolving credit facilities during the financial period

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Prospects

A Rethink of IT Budgets

Annual growth in IT budgets in financial services in Asia/Pacific ex-Japan

36

Source: IDC Financial Insights, 2015

A Rethink of How IT Budgets are Spent

37


Where The Asia Pacific & EMEA 125 Billion is Being Spent

38


39

Thank You

Dr Raymond Kwong

CEO & Group Managing Director

Silverlake Axis Ltd

[email protected]

www.silverlakeaxis.com

Meeting request, please contact:

Lee Teong Sang

Mobile: +65 9633 9035

[email protected]

Silverlake Axis Ltd

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