8I HOLDING, HAVE I MISSED THE BOAT?

A FUNDAMENTAL ANALYSIS DONE BY

WWW.10xPE.com

Financial Education Seminar / Training

Investment in Stock Market

Investment in Property Market

Investment in Businesses with Synergy

Cash / Network / Investment Fund

Business Model (Interpreted)

Group Structure

A$17,597,723 (S$19,357,495) Raised for About 84 mil

Ordinary Shares

Mr. Chee & Mr. Tan collectively hold more than 80% of the shares of 8IH, which provides enough incentives for them act in the interest of the business.

520

384

53 66 31 38

1187

484

161 73 88

44

1248

601

170 155 172

30

1500

681

183 119 147

21

VIS MIP MIS REIT M-Circle Brand Mastery

2011 2012 2013 2014*

KEY SALES PERFORMANCE OF EDUCATION ARM

Millionaire Investment Programme (MIP) is the flagship education programme

PROGRAMMES   CAGAR  

VIS   42.4%  

MIP   21.1%  

MIS   51.1%  

REIT  Programme   21.6%  

M-­‐Circle   67.9%  

Brand  Mastery   -­‐17.5%  

*number for 2014 is extrapolated using 3Q data

PERFORMANCE OF STOCK INVESTMENT ARM

    8  Capital  Pte  Ltd   8  Investment  Pte  Ltd  

Investment    5,882,434      514,282    

Value  as  of  30  Sep  2014    6,597,555      691,666    

Dividend  Amount    117,397      34,947    

Dividend  Yield   2.0%   6.8%  

Total  Gain  (Loss)   14.2%   41.3%  

PERFORMANCE OF PROPERTY INVESTMENT ARM Propety  Investment  

Investment  Amount   Exit  ValuaJon   Period  (mth)  

Annual  Return  

Yishun  (Industrial)    320,767      568,153      36     21.0%  Orchid  Hotel  Retail    1,372,500      1,647,828      4     73.1%  

Office    2,216,760      2,695,728      7     39.8%  Average  Annual  

Return               44.6%  

Word of Caution: As stated in the Prospectus, 8I Holding has been taking “off-the-plan” purchase of properties that are deemed undervalued previously. Hence, past performance of property investment returns should not be taken to project for future return. The Property division of the 8IH is at the early stage. There would be more structured and planned development in this division to ensure long term returns.

A$17,597,723 (S$19,357,495) Raised for About 84 mil

Ordinary Shares

BUSINESS FINANCIAL PERFORMANCE

2012 2013 2014 Revenue (Sales, Turnover) 1,492 2,430 6,517 COGS (Operating Expense) 1,332 1,728 2,926 Net Profits After Tax (NPAT) 146 691 3,278

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1,000

2,000

3,000

4,000

5,000

6,000

7,000

$'00

0 Business Financial Performance

BUSINESS FINANCIAL PERFORMANCE Financial  Statement  (Based  on  A$18  mil  Raised)           S$  '000  Revenue  (Sales,  Turnover)    6,517    COGS  (OperaWng  Expense)    2,926    Net  Profits  A[er  Tax  (NPAT)    3,278    Equity  (Shareholder's  funds)    32,384    Current  Assets  (Short-­‐term  Assets)    34,835    Cash  and  Cash  Equivalents    25,834    Inventory  (Stocks)    -­‐        Debtors  (Receivables)    1,336    Current  LiabiliWes  (Short-­‐term  LiabiliWes)    2,419    Creditors  (Payables)    1,089    Total  Borrowings  (Debts)    18    Total  Dividends    -­‐        

OperaWng  Cash  Flow  (Cash  from  OperaWng  AcWviWes)      Capital  Expenditure      Share  Price  ($)    0.28    No.  of  Outstanding  Shares  (millions)    362,888    

BUSINESS FINANCIAL PERFORMANCE Income  Statement  Magic  Numbers   DescripJon           Earnings  Per  Share     NPAT  /  No.  of  Shares   0.0090       Net  Asset  Value  per  Share   NET  ASSET  /  No.  of  Shares   0.0893  Profitability   Return  On  Equity  (%)     NPAT  /  Equity  *  100   10.12%  Profitability   Gross  Profit  Margins  (%)     (Revenue-­‐COGS)  /  Revenue  *  100   55.10%  Profitability   Net  Profit  Margins  (%)     NPAT  /  Revenue  *  100   50.30%  Balance  Sheet  Magic  Numbers          Liquidity   Current  RaWo     Current  Assets  /  Current  LiabiliWes   14.40  Liquidity   Cash  RaWo     Cash  &  Cash  Equivalents  /  Current  LiabiliWes   10.68  Efficiency   Stock  Turnover  (Days)     Stocks  /  COGS  *  365   0.00  Efficiency   Stock  Turnover  RaWo     COGS  /  Inventory   -­‐  Efficiency   Debtors  (Days)     Debtors  /  Revenue  *  365   74.83  Efficiency   Creditors  (Days)     Creditors  /  COGS  *365   135.85  Gearing   Borrowings  /  NPAT     Total  Borrowings  /  NPAT   0.01  Gearing   Borrowings  /  OperaWng  Cash  Flow     Total  Borrowings  /  OperaWng  Cash  Flow   -­‐  Gearing   Gearing     Total  Borrowings  /  Equity   0.00  

Forecast  Growth  Rate   8%  Sum  of  Net  Earning  and  Net  Asset  Value   0.0090  +  0.0893  =  0.106  CumulaJve  10  Year  Earning  and  Net  Asset  Value   1.064  Current  Share  Price   0.58  Margin of Safety 52%