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Treyo Leisure and Entertainment Co., Ltd. Roadshow Presentation. AJP September 08. Contents. Investment Highlights The Offer About China About Treyo Corporate History Corporate Shareholding Corporate Facilities Competitive Advantages Chinese Market Directors Senior Management - PowerPoint PPT Presentation
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Treyo Leisure and Treyo Leisure and Entertainment Co., Ltd.Entertainment Co., Ltd.
Roadshow PresentationRoadshow Presentation
AJP September 08
ContentsInvestment HighlightsThe OfferAbout ChinaAbout TreyoCorporate HistoryCorporate ShareholdingCorporate FacilitiesCompetitive AdvantagesChinese MarketDirectorsSenior ManagementProductsProductionFinancial PerformanceFinancial Forecasts
Investment Highlights
Invest in a segment showing spectacular growth in the world’s fastest growing economy – China where in 2007 sales of Automatic Mahjong (“AM”) Tables generated RMB 7.5 billion (A$ 1.3billion).Treyo dominates the mid to high end of China’s AMG Table market
Owns 5.4% of the total market and 65.7% of the market for lucrative mid to high range products;Owns and operates the world’s largest Automatic Mahjong Table production facility (53,300m2);Has ISO9000:2000 Accreditation and ISO14001 Environment Management certification
Sound Management with excellent prospects for further strong growth in an expanding market.
Investment Highlights
Net Profit in 2007 of A$ 6,327,000 forecast to reach A$ 10,545,000 by year end 2009
Total Equity in 2007 of A$24,605,000 forecast to reach A$51,670,000 by year end 2009
Unit Production in 2007 of 179,000 forecast to reach 226,000 by year end 2009
The Offer
Up to 100,000,000 shares at A$0.25 each to raise A$25,000,000
Use of funds: Ongoing product development of automatic mahjong tables;
Research and development of complimentary leisure and recreational products;
Provide ready funds for acquisitions of competitors in Treyo’s target market or complimentary businesses; and Investment in Treyo mahjong clubs;
About China
China is a country of 9,596,960 sq km with a population of 1,330,044,605 (July 2008 est.) China’s GDP is growing by 10% annually and industrial production is increasing by 17% annuallyAfter the USA & Japan, China is the world’s third largest economyChina is consuming and importing at a rapid pace and its middle class is ever-increasing
About Treyo
Mahjong is a very popular Chinese recreational act-ivity but involves constant tile shuffling and restack-ing.High tech AM Tables usi-ng sophisticated precision engineering,electronics, l-aser and microchip tech-nologies automatically sh-uffle and restack Mahjong tiles.
Treyo is the parent com-pany of Matsuoka Mec-hatronics (China) Co., Li-mited (”Matsuoka”) - the market leader of AM Tab-les in China.The market for AM Tabl-es shows spectacular gr-owth with a compounded annual growth rate for the past 3 years of 54.2%
Treyo intends to list on the ASX to assist Matsuoka to maintain its market position and continue planned growth
Corporate History
Matsuoka is a foreign-capital limited liability company, established in Xiao Shan, Hang-zhou, China on 18th March, 2003. Matsuoka manufactur-es and sells AM Tab-les, “intelligent” chess, card, recreational hea-lth equipment and acc-essories.Treyo’s wholly owned subsidiary Treyo Inte-rnational Holdings Li-mited (BVI) holds all the issued shares of Matsuoka.
Corporate Shareholding
Treyo Leisure and Entertainment Limited
Corporate Facilities
Comprising 53,300m2 (more than 8 soccer fields) Treyo owns and operates the world’s largest purpose built AM Table manufacturing facility producing 178,600 units in 2007
Competitive Advantages
Superior Management Team Market Dominance
(65.7% of Mid to High End AM Table Market)
Distribution Network(800 franchised stores, 400 distributors and 160 suppliers in China.)
PatentsHighest Brand Recognition
(Placed at 45.5% overall)
Commitment to R&D
R&D
Brand
Management Team
Competitive Advantages
Market Dominance
Patent
Distribution
Chinese Market Growth
196498
851
1,602
3,003
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2003 2004 2005 2006 2007
Unit Sales AM Tables 2003 - 2007Number of Units ('000s)
164255
357
529
751
0
100
200
300
400
500
600
700
800
2003 2004 2005 2006 2007
Sales Value AM Tables - (RMB 100 million) RMB
(100 milion)
154.1%
70.9%88.2% 87.5%
0.0%20.0%40.0%60.0%80.0%
100.0%120.0%140.0%160.0%
2003 2004 2005 2006 2007
Percentage Unit Sales Growth AM Tables2003 - 2007
55.8%
40.2%
47.9%42.0%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
2003 2004 2005 2006 2007
Percentage Growth Sales Value AM Tables2003 - 2007
Directors
Name Position Age Experience
Mao Ling Chairman 40 A Chinese citizen, Mr Mao is the director of Matsuoka
Wei Guohua Executive Director 45 A Chinese citizen, Mr Wei is the Chairman of
Matsuoka
Tse Kwong Fat Executive Director 27
A Hong Kong citizen, Mr Tse is General Manager of Song Gang International Group
Co., Ltd.
Chen Weiyun Executive Director 45 A Chinese citizen, Mr Chen is the General
Manager of Matsuoka.
Wang Jieliang [Non] Executive Director 40 A Chinese citizen, Mr Wang has broad
commercial experience
Roger SmeedNon Executive
Director 60An Australian citizen, Mr Smeed is a highly
experienced company director with both publicly listed and private companies
Ted ByrtNon Executive
Director 59An Australian citizen, Mr Byrt is a lawyer and
President of the Australia China Business Council .
Senior Management
Name Age Position
Zheng Zhongliang 39 Chief Financial Officer
Pan Lin 35 Director, Operations
Wang Lixing 38 Director, Management Center
Hu Bin 35 Deputy General Manager
Products – AM Tables
Production
AM Table Production Stages
Assembly of minor components
Assembly of raising and lowering motors
Assembly of Roller Motors
Assembly of friction pulley
Assembly of delivery unit
Assembly of overlapping delivery unit
Assembly of chain motor unit
Assembly of dice board unit
Assembly of horizontal sliding unit
Assembly of lifting unit
Production of wire harness
Assembly of electronic components
Surface processing
General Assembly
Assembly of external frame
Testing and packing
Financial Information
Table
RMB (000's) AUD (000's)Actual Forecast Actual Forecast
2006 2007 2008 2009 2006 2007 2008 2009
Revenue 482,000 422,000 455,000 609,000 84,710 74,165 79,965 107,030
Net Profit 37,000 36,000 45,000 60,000 6,503 6,327 7,909 10,545
Total Assets 269,000 321,000 310,000 340,000 47,276 56,415 54,482 59,754
Liabilities 164,000 181,000 338,000 463,000 28,822 31,810 59,402 81,371
Total Equity 105,000 140,000 275,000 294,000 18,453 24,605 48,330 51,670
*1 AUD = RMB5.69
Financial InformationMatsuoka Historical and Forecast Revenue and Profit
120,000
100,000
80,000
60,000
40,000
20,000
02006 2007 2008 2009
Revenue
Net Profit
Actual ForecastAUD(000’s)