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VCIG

VCI Global Limited

VCI Global Limited Q4 FY2023 earnings call

April 30, 2024 · fiscal period ended 2023-12

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Summary

Generated 2024-04-30

Management highlights

• Victor Hoo highlighted a 145% revenue increase and 57% net income increase, noting strong performance across all business segments and VCIG's role as a leading business consultant in IPO advisory and technology consultancies. • Zhi Feng Ang detailed the revenue growth by segments, EBITDA up 125% to $7.3 million, operating income up 128% to $7.1 million, and EPS up 62% to 0.21 per share. • Marco Baccanello thanked investors, employees, and stakeholders for their support and emphasized the commitment to driving sustainable growth and creating long-term shareholder value.

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Segment performance

The revenue surged by 145% to $19.8 million and net income increased by 57% to $7.2 million compared to last fiscal year. The significant revenue growth was driven by strong performance across segments. Capital market consultancy revenue increased by 265% to $14.7 million in FY 2023, with VCIG advising 10 clients in the process of going public on NASDAQ. Technology consulting revenue grew by 13% to reach $4.5 million. The Fintech arm generated $0.4 million revenue with a long-hold value of $8 million as of December 31, 2023.

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Guidance

• They remain optimistic about opportunities in the Southeast Asia region for broadening IPO advisory services. • Leveraging market exposure, diverse services, and talented teams, they are well-positioned for further market expansion in Southeast Asia and anticipate continual growth.

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Key numbers

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Transcript

April 30, 2024

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