Jade Road Investments : Corporate Presentation

JADE ROAD INVESTMENTS

Investor Presentation 2021

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C O N T E N T S A N D P R E S E N TAT I O N T E A M

P A G E 0 3	C O M P A N Y O V E R V I E W
P A G E 0 4	R E C E N T U P D A T E S
P A G E 0 5	T H E C O V I D - 1 9 P A N D E M I C E F F E C T
P A G E 0 6	S I G N I F I C A N T M A R K E T O P P O R T U N I T Y
P A G E 0 7	A S I A N S M E D E M A N D F O R G R O W T H F I N A N C I N G
P A G E 0 8	H A R M O N Y C A P I T A L - T H E I N V E S T M E N T M A N A G E R
P A G E 0 9	D I F F E R E N T I A T I O N & A D D E D V A L U E A C R O S S F O U R K E Y A R E A S
P A G E 1 0	C O M P E T I T I V E & G E O G R A P H I C A L A D V A N T A G E S
P A G E 1 1	O U R G R O W T H S E C T O R F O C U S
P A G E 1 2	O U R I N V E S T M E N T P R O C E S S
P A G E 1 3	O U R S T R A T E G Y & B U I L T - I N S T R U C T U R E D P R O T E C T I O N
P A G E 1 4	P O R T F O L I O O V E R V I E W - K E Y A S S E T S
P A G E 1 5	I N V E S T M E N T P I P E L I N E
P A G E 1 6	A P P E N D I X C O N T E N T S
P A G E 1 7	J A D E R O A D B O A R D
P A G E 1 8	K E Y T E R M S
P A G E 1 9	F I N A N C I A L S
P A G E 2 0	D I S C L A I M E R

Presentation Team

John Croft

Executive Chairman

Jade Road Investments

• Experienced director of AIM-quoted companies via executive and non- executive capacities
• Sector track record working with several fast growth companies in technology and financial services

Suresh Withana

Investment Manager

Jade Road Investments

• Founder and Managing Partner of Harmony Capital Partners
• 25 years' experience in investing and investment banking
• 17 years' of Pan-Asian investment experience
• Inhouse experience with Bank of America, Merrill Lynch, Mizuho International Plc and Tikehau Capital

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C O M PA N Y O V E RV I EW

Who We Are

Strategy

Robust Risk Management

Track Record

Governance

Established Investment

Expertise, Network &

Advantage

Supportive Majority

Shareholder

London listed company focused on providing shareholders with attractive uncorrelated long-term risk adjusted returns

from a diversified portfolio of pan-Asian investments.

Stemming from our growth sector focus, we provide growth capital and financing to emerging and established Small

and Medium Enterprises (SMEs) throughout Asia, which is experiencing a US$2.7 trillion funding gap (IFC).

Rigorous due diligence and disciplined risk management, with downside protection through selectively investing in

assets and proactively managing them.

Harmony Capital, the investment manager, has an established tracked record of generating excess returns throughout

market cycles across the globe for the past 20+ years, with a focus on Asian special situations for 17+ years.

The five experienced directors comprising the Company's Board provide strong governance.

The Company's investment manager, Harmony Capital, seeks to capitalise on its team's established investment

expertise, broad networks and offices across Asia. The Harmony Capital team also have an established track record of

successfully executing and exiting investments through market cycles

48% major shareholder, supportive long-term holder since 2014.

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R E C E N T U P D AT E S

News	Date		Additional Information
		▪ In December 2020 JADE announced the appointment of PKF Littlejohn LLP as its new auditor following 10 years of service from Crowe LLP.
Change of Auditor	Dec-20	▪	This change continues JADE's strong level of corporate governance and an appropriate degree of independence of its auditor.
		▪ The Placing was effectively completed with JADE raising a total of GBP1,991,916 (before expenses) in proceeds.
		▪ Quarry production commenced in late Dec-20, entering its first sales contract in Q1-20 and produced 15,000 tonnes pre-lockdown.
Core Asset (FMHL) Update	Aug-20	▪ Production was halted during Feb-20 and early Mar-20 due to the Covid-19 pandemic, but resumed in mid-Mar-20.
▪	On 6 August 2020, the quarry obtained its renewed 3-year Mining Licence from the local Ministry of Natural Resources, permitting maximum
			annual dolomite output of 300,000 tonnes.
New Non-Executive		▪ A new Non-Executive Director, John Batchelor, joined Jade Road's Board with effect from 14th August 2020.
Aug-20	▪	He is the Co-Lead of Asia and Head of the Corporate Finance & Restructuring segment in Asia as FTI Consulting.
Director
	▪ Mr Batchelor represents Jade Road's largest shareholder on the Board.
		▪ On 17 July 2020, JADE announced plans to raise up to GBP3.2m through an Open Offer and Placing of 12,538,840 new shares at a price of
Open Offer and Placement	Jul-20		25.0 pence.
		▪ Funds will be used to further its balance sheet and to enable it to pursue a wide range of investment prospects across a number of sectors.
Half Year (2020) Financial		▪ As at Jun-20, the Company's Net Asset Value stands at US$100.2m, down 0.69% Dec-19, stemming from a decrease in cash.
Jul-20	▪	In the Last Twelve Months ("LTM") preceding Jun-20, income reached US$2.1m (LTM Jun-19: US$1.7m). The decrease compared to FY19
Results
		(US$2.2m) is attributed to late receivables owed by Fook Lam Moon Holdings.
		▪	Following COVID-19 lockdowns, the sites in Ningxia and Inner Mongolia have been operating at full capacity since April and May,
Renewable Energy Asset	May-20		respectively.
Update	▪	In addition to its existing sites, a new Meize Energy production facility has been established in Jiangsu. It is estimated to produce 400 sets of
			offshore wind turbine blades per annum at full capacity. Production at the third site is expected to start in August 2020.

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