WW Holding (8442 TT) Investor Presentation December 2018
Disclaimer • The information contained in this confidential document ("Presentation") has been prepared by WW Holding (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. • While the information contained herein has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers gives, has given or has authority to give, any representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation, or any revision or supplement thereof, or of any other written or oral information made or to be made available to any interested party or its advisers (all such information being referred to as "Information") and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers takes any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness or injury of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this Presentation or the information. • Neither the issue of this Presentation nor any part of its contents is to be taken as any form of commitment on the part of the Company to proceed with any transaction and the right is reserved by the Company to terminate any discussions or negotiations with any prospective investors. In no circumstances will the Company be responsible for any costs, losses or expenses incurred in connection with any appraisal or investigation of the Company. In furnishing this Presentation, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation which may become apparent. • This Presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. In particular, any estimates or projections or opinions contained herein necessarily involve significant elements of subjective judgment, analysis and assumptions and each recipient should satisfy itself in relation to such matters. • This Presentation includes certain statements that may be deemed “forward - looking statements”. All statements in this discussion , other than statements of historical facts, that address future activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, general economic, market or business conditions and other unforeseen events. Prospective Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in forward-looking statements. 2
Who we are and why invest in us? We are a global leading sports protectives & accessories ◼ and handbags & luggage producer focusing on ODM for global sports and fashion & lifestyle brands. Our key strengths lie in our strong R&D capability, ◼ particularly in fulfilling and customizing according to our Sports Purse WW customers’ needs and expectations and overcoming Protective Handbags barriers to commercialization and mass production. Holding Gear & & Luggage As a result, we are able to develop a diversified ◼ Model Accessories customer base but at the same time, achieves a prime vendor position. Based on our estimates, we supplied up to 70% and 80% of Nike’s sports protective products and gloves, respectively. We also supply up to 40% of TUMI’s bags and luggage products. WW Holding consolidated sales breakdown We see huge growth opportunities globally in sports ◼ accessories and fashion & lifestyle products, thanks to 9% 10% 10% 0% 1% growing popularity of sports/outdoor activities and 11% 14% 16% affordable luxury. 8% 22% 20% 19% We will continue to seek growth by moving/expanding ◼ 25% our production facilities to Southeast Asia and broaden 30% 30% our product offerings to better meet the needs of our existing and potential new customers. 31% 27% 17% Our topline and bottomline have been negatively ◼ 2016 2017 1H18 impacted by our production migration in the past two Non-leather Bags Leather Bags years, however, as we are completing our migration, we Sports Protectives Sports Gloves have already started to deliver strong topline and Luggage & Suitcases Sports Accessories margin improvement. 3
Company Background 4
Company Milestones Foundation & Structuring Corporate Expansion Rationalization of Production Consolidate Leadership Position 2006-2017 2015 - 2018 2018 - Beyond 1998-2006 2006 – Kipling, Tumi, 1998 - Formerly Honour Rich ◼ 2016 - Established Wilson ◼ ◼ Limited in Dongguan, Wilson Decathlon on boarded Leather (Thailand) Co. 2008-09 - Under Armour and Group Holdings Limited has its ◼ 2016 - Established Wilson ◼ origin in Dongguan of JR286 onboarded Leather (Cambodia) Co. 2011-13 – Nike: Best Stable Guangdong Province, China, ◼ 2016-17 – Gradually ◼ Supplier Award, Best and has been engaged in the expanded more of our production of high-end Innovative Product Award, production from China to Best Supplier Award. boutique bags since 1998. Southeast Asia. ◼ 2013-15 – JR286: Best 2017 - Established Global ◼ Product Quality Award, Best Worth Investment Holding Consolidate Supplier Award. and Global Vibrant Trading Limited as the holding arm leadership for our luggage business. position 2003 – Nike onboarded 2017 – Acquired TWT ◼ ◼ ◼ 2004 - Established Dongguan Manufacturing Co., Ltd in Wellpower Sporting Goods, Thailand – a major supplier mainly for the production of to Tumi bags and luggage. 2014 – Longchamp sports protective gear and ◼ accessories. onboarded 2014 – Renamed the ◼ company to WW Holding Inc. 2014 – Merged with Wilson ◼ Group Holdings Limited. 2016 – Armani and Hugo ◼ Boss onboarded. ◼ 2006 - Established a new 2016 – IPO in Taiwan with production site in Huaian, ◼ Jiangsu Province. ticker 8442 TT. 5
Our Products Sports protectives Sports gloves Sports accessories Luggage & suitcases Non-leather boutique bags Leather boutique bags 6
Our Production Sites & Company Structure Xingguo, Jiangxi Huian, Jiangsu 8, 302 Employees 1 30 Production lines 2 Business segments • Sports goods production • 1 Common goal Handbags and backpacks • Production line: 18 • Production line: 22 • Workers: 689 • Workers: 1,188 Thailand WW Holding Inc . Taiwan • Headquarter GLOBAL WORTH WILSON GROUP WELLPOWER INVESTMENT HOLDING HOLDINGS COMMERCE • Financial and R&D center LTD. LIMITED(SAMOA) HOLDING CO., LTD. • Luggage production TWT WILSON GROUP WILSON GLOBAL VIBRANT • Manufacturing Co. HOLDINGS HOLDINGS (HK) Production line: 13 TRADING LIMITED Ltd. LIMITED LIMITED • Workers: 1,300 Hong Sheng Dongguan, Guangdong Wilson Wellpower Leather Phnom Penh, Cambodia (Dongguan) (Jiang Su) (Dongguan) NICE-BAG Wellpower Guangdong AnGaea (Huai’an) (jiangxi) Wilson Leather NICE-BAG (Cambodia) • R&D center (Jiang Su) • • Boutique leather bags and Boutique bags production • Sports goods production Production line: 1 9 • • Production line: 58 Workers: 1, 098 • Workers: 4,027 *As of Oct 2018 *All companies are 100% owned 7
Our Primary Customers 8
Our Competitive Strengths Strong R&D Capability Broadest SKUs in Our Categories Our Core Strengths Diversified Customer Base with Regional Deployment of Production Bases Prime Vendor Position 9
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