Awanbiru Technology Bhd. · MYX:AWANTEC
Awanbiru Technology Bhd — Prestariang Berhad — Shareholder Meeting (November 2020)
27 slides from Awanbiru Technology Bhd's shareholder meeting presentation, Nov 25, 2020
Slide 1: Prestariang Berhad Annual General Meeting
PRESTARIANG BERHAD Annual General Meeting 25 November 2020 PIVOTING DIGITALISATION Technology & Talent | Driving The Digital Economy
Slide 2: Contents
CONTENTS 01. PIVOTING DIGITALISATION 02. PERFORMANCE OVERVIEW 03. NEW BUSINESS MODEL 04. SUMMARY PIVOTING DIGITALISATION Technology & Talent | Driving The Digital Economy Copyright © 2020 Prestariang We|Train Privateand & Confidential Certify ProfessionalsTM 2
Slide 3: Report Card 2019
REPORT CARD 2019 Most Challenging Year since Inception in 2003 ‘FAMINE STAGE’ PIVOTING DIGITALISATION Technology & Talent | Driving The Digital Economy Copyright © 2020 Prestariang We|Train Privateand & Confidential Certify ProfessionalsTM 3
Slide 4: Our Focus 2019-2020
OUR FOCUS 2019-2020 4 FOCUS STRATEGIES 1. Focus on things that we can control 1. Re-Boot and Move On 1. Focus on right-sizing and streamlining our operation to remain agile, prudent and adaptive 2. To work closely with our clients and in partnership with our business partner to grow the Business PIV
Slide 5: Pivoting Digitalisation
PIVOTING DIGITALISATION… • Outcome base Innovation • Enhance our product and service offerings • Continuously advance our talent capabilities PIVOTING DIGITALISATION Technology & Talent | Driving The Digital Economy Copyright © 2020 Prestariang We|Train Privateand & Confidential Certify Professional
Slide 6: 2020-21 - Pivoting Digitalisation
2020-21 - PIVOTING DIGITALISATION 1 Rationalisation Plan 2 Stabilise The Group as 4 FOCUS a Going Concern STRATEGIES 3 Re-Boot and Pivot 4 Established New Collaboration and Partnership PIVOTING DIGITALISATION Technology & Talent | Driving The Digital Economy Copyright © 2020 Prestariang We|Train Pri
Slide 7: Rationalisation Plan
1 Rationalisation Plan a. Cost cutting measures b. Divestment of non-core assets • Right sizing and streamlining • Completed disposal of education our operations business • Total headcounts reduced • Sale of UNIMY for RM2.5 million from 177 employees in 2019 • Sale of OLL for RM7.8 million to 91 emp
Slide 8: Stabilise The Group As A Going Concern
2 Stabilise The Group As A Going Concern By strengthening capital structure and improve cash flow: a. All going concern b. Completed fund c. Fund raising exercise in progress issues have been raising exercise • Private placement of 79,579,740 addressed and • Private placement shares with warrants to
Slide 9: Stabilise The Group As A Going Concern: Proposed Utilisation of Proceeds
2 Stabilise The Group As A Going Concern Proposed Utilisation of Proceeds Rights subscription RM’000 Gross proceeds • Rights Issue 35,369 • Private Placement 27,853 Total 63,222 Proposed utilisation • Working capital for expansion of existing business 28,309 (45%) • Business expansion for new produc
Slide 10: Re-Boot and Pivot
3 Re-BOOT and PIVOT a. Expand service offerings in Technology Business • Multi-cloud management services (MSP) • Opportunities to work with major Cloud players • System Integrator (SI) b. Venture deeper into Talent and Employability Industry • Full life-cycle in profiling, training, certification an
Slide 11: Establish New Collaboration & Partnership
4 Establish New Collaboration & Partnership a. Talent b. Technology Kerjaya Program with Selangor State New partnership and offerings Government • Expanding from just managing licensing to • To provide profiling, skills training Cloud services and job placement for 10,000 • Amazon, Google, SAP, Huaw
Slide 12: 02. Performance Overview
PRESTARIANG J’ 02. PERFORMANCE ~~ OVERVIEW
Slide 13: Key Financial Highlights
Key Financial Highlights 1. Our key revenue driver of Software Services and Talent Management showed improvements • *41.2% growth in revenue: *RM149.6 million in FY2020 vs *RM109.5 corresponding 12 months period for FP2019 • Operationally profitable: *RM4.2 million in FY2020 vs *(RM14.3) in FP2019 2
Slide 14: Shareholdings Info Post Corporate Exercise
Shareholdings Info Post Corporate Exercise **Percentage (%) Pro forma after private placement and rights Key Institution Investors and Major Shareholders issue based on maximum scenario as disclosed in Abridged Prospectus dated 30 October 2020 Areca Dynamic Growth Fund 13.08% Affin Hwang Multi Asset
Slide 15: 03. New Business Model
PRESTARIANG - | 03. NEW BUSINESS MODEL
Slide 16: New Business Model
NEW BUSINESS MODEL Technology SYNERGISTIC Talent Customers & Stakeholders Infrastructure Platform Software Anything as a Service as a Service as a Service as a Service Profiling Training Certification Placement (IaaS) (PaaS) (SaaS) (XaaS) Multi-Cloud Management Services Lifelong Learning Upskill & R
Slide 17: 04. Summary
PRESTARIANG 04. SUMMARY
Slide 18: Summary
SUMMARY 1. We have stabilised our cashflow and address ALL going concern 2. Rebuilding core business in technology and talent business with new product offerings and services 3. Pivoting into multi-cloud management services to drive digitalisation 4. Venture deeper into employability market with ful
Slide 19: Thank You
PRESTARIANG THANK YOU
Slide 20: Strategy & Financial Matters
Strategy & Financial Matters 1. The Company’s subsidiary, Prestariang Systems Sdn Bhd (PSSB) was informed by Microsoft that it will cease being a Channel Partner from January 31, 2021. Microsoft had been one of Prestariang’s major suppliers for its Software and Sales divisions. a. What is the potent
Slide 21: Strategy & Financial Matters
Strategy & Financial Matters b. What are the steps being taken by the company to find alternative suppliers and how will the Company ensure that the quality of its services would not suffer if it chooses an alternative supplier as Microsoft is one of the main software names in the market? Our respon
Slide 22: Strategy & Financial Matters
Strategy & Financial Matters 2. The Company has plans to undertake a private placement of 79,579,740 shares or 15% of the Company’s paid-up capital to its President/GCEO Dr. Abu Hasan Ismail which is expected to raise RM27.9 million. The exercise is expected to be completed by year end. a. What is t
Slide 23: Strategy & Financial Matters
Strategy & Financial Matters 3. The Company has sued the Government of Malaysia following the termination of the Sistem Kawalan Imigresen Nasional (SKIN) project. The matter is in litigation and the amount claimed by the Company was around RM733 million. a. What are the updates from this litigation
Slide 24: Strategy & Financial Matters
Strategy & Financial Matters b. In view of the Company reliance on contracts from the Government, what is the company’s stance if it is not favoured by the Government in awarding contracts in view of the pending litigation? Our response: b. To date, the pending litigation has not affected our curren
Slide 25: Strategy & Financial Matters
Strategy & Financial Matters 4. Prestariang rationalised its business strategy in the year under review, narrowing its focus to core businesses with profit-making consistency and growth potential while divesting loss-making entities. a. In line with its strategy, what are the other businesses that t
Slide 26: Strategy & Financial Matters
Strategy & Financial Matters 5. Trade receivables in the Company of RM225.5 million include amount of RM183 million due from the Government of Malaysia for the SKIN’s project which had been terminated in 2018. a. Why has the amount due of RM183 million not been impaired since it has been long outsta
Slide 27: Corporate Governance
Corporate Governance 1. Practice 8.1 of the Malaysian Code of Corporate Governance stipulates that the Chairman of the Audit Committee should not be the Chairman of the Board. We note that the Company’s current Chairman, is also the Chairman of the Audit Committee. Does the Company intend to remedy
Prestariang Berhad — Shareholder Meeting (November 2020) on 6ix