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Wang Qunbin CEO, Fosun International World Class· Family-Oriented · Consumer-Driven

World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

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Page 1: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Wang Qunbin

CEO, Fosun International

World Class· Family-Oriented · Consumer-Driven

Page 2: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Disclaimer

It is not the intention of this document to provide a full explanation of any relevant matters of Fosun International Limited (the “Company”). You must refrain from relying on any information set out in this document. No statement, guarantee or undertaking is or will be made or given at present or in the future in respect of the accuracy, fairness, reasonableness, correctness or completeness of this document or any information or opinions set forth herein or any other information or opinions, whether written or oral, available to any stakeholder or its advisers, nor is there or will there be any express or implied indication made in respect of the above content at present or in the future. None of the Company or any of its shareholders, directors, officers, employees, affiliates, advisers or representatives (the “Parties”) shall assume any liability, including but not limited to liability for default, for or in respect of the above content at present or in the future. The Parties expressly state that they shall not be held liable for any loss resulting from the use of this document or its content or in any other manner in connection with this document. It is assumed that information set out in this document is appropriate for the current situation and such information could be subject to change without notice. None of the Parties shall be held liable for procuring the receipt of information under this document by any recipients, updating information under this document, or correcting any manifest error contained under this document. In the event of any conflict between this document and the final results announcement of the Company for the whole year of 2018, and the annual report of the Company for the whole year of 2018 (collectively, the “Annual Documents”), the Annual Documents shall prevail.

Cautionary Statement Regarding Forward-Looking Statements

This PPT includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Fosun International Limited (the “Company”) expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. The Company’s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, and other risks and factors beyond our control. In addition, the Company makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. The financial figures in this PPT are calculated using the average exchange rate for the reporting period January 2018 to December 2018 (USD/CNY= 6.63379 HKD/CNY= 0.84641), and period-end exchange rate as of 2018/12/31 (USD/CNY= 6.86320 HKD/CNY= 0.87620 ), unless otherwise stated..

Page 3: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

VisionRooted in China, creating a global happiness ecosystem fulfilling the needs of one billion families in health, happiness and wealth ecosystems

MissionCreating happier lives for families worldwide

Strategy

• Centered around family customers

• C2M Model

• Industry Operations + Industrial Investment

and Capital

• Technology & Innovation + Creative Design

• Glocalization 2.0

Page 4: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Health EcosystemPharmaceutical

Health Care

Maternal & Infant care

Health Product

Healthcare Tech

Page 5: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Happiness Ecosystem

Tourism & Culture

Fashion

New Commerce

Entertainment

Page 6: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Wealth Ecosystem

Insurance

Financial Service

Fintech

Page 7: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Fosun Ranks 416 on Forbes Global 500

109.4 billion

1. Unit: RMB2. As at 31 December 2018

13.4

108.5 billion Approx.70,000About half overseas

Ranks No. 416Ranks No.430

Ranks No.432

2019 Forbes Global 2000 List

Revenue Net Profit

Net Assets Employees

billion

1

2

Page 8: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Healthy Balance Sheet

Leverage Ratio

53.7%Total Debt / Total Capital

Credit Rating

BBMoody’s also upgraded Fosun’s rating from Ba3 to Ba2 stable in January 2018

positive

S&P

Page 9: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

15% 20%ROE Target

2018 ROE 12.8%

IRRROE

IRR Target

Operational Targets

Page 10: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Growth Momentum

26% 15%10-year CAGR

(2018 net profit: RMB 13.4 billion)

BVPS GrowthNet Profit Growth

10-year CAGR

1

1. Book Value Per Share

Page 11: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Note: 1. ~ 60% discount represents share price as at May 31, 2019 against adjusted NAV per share as at Dec 31, 2018 Note 2. Last Twelve Months (LTM) from June 25, 2018 – May 24, 2019

P/E Ratio

5.7xP/B 0.7x as at May 31, 2019

Dividend Yield

3.7%As at May 31, 2019

LTM Buybacks

615mln

~0.53% of free float

From Jan 1, 2019 to May 24, 2019,

Buybacks totaled 6.8 mln shares

or HKD$71.41 mln

Investment opportunity

Discount to NAV

~60%Adjusted NAV per share

HKD$24.84 as at Dec 31, 2018

2

HKD$

1

Page 12: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

C2Mportfolio company customers

>330Million

active consumers in Fosun’s core subsidiaries

>100Million

Family Customer-Oriented

Page 13: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Unit:RMB 100 million

0

200

400

600

800

1,000

1,200

2013 2014 2015 2016 2017 2018

2C 2B

48.9%

63.8% 74.9%

82.6%

87.6%

CAGR of 2C Revenue Growth 36%

CAGR of Total Revenue Growth 16%

C2M – 2C-driven revenue continues to grow

41.1%

Page 14: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

复星化妆品

……

2010 2016 2017 2018

Industry Operations + Industry Investments + Capital Markets

IPOLaunch of Foliday Platform

Building N Industry Groups

Industry Operations + Industrial Investment and Capital

Capability of Operational Turnaround

Page 15: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Mid-office Mechanism Empowers ‘1+N’ Ecosystem

Intelligent Mid-office Mechanism (FBS)

1

Product

N

Brand

Industrial Group

N2

C2M Happiness Ecosystem

NN

0

1. Note: 1. FBS stands for Fosun Business System.

1

Page 16: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

~30%Profit before Tax

competitive products through R & D and design

Bio-medicine

Creative Fashion

Fin-tech

……

Unicorns through incubation and investment

Henlius

Aitrox

Wedoctor

Hellobike

Cainiao

……

Technology & Innovation + Creative Design

AI-driven mid-office

Artificial

ntelligence

Big Data

IoTs

Fosun Cloud

SaaS

……

Page 17: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Chinese MainlandFosun PharmaSinopharmFosun United Health InsuranceUnited Family HealthcareYuyuanAtlantis SanyaBaihe JiayuanTsingtao BreweryBabytreeThe Little GymPramerica-Fosun Life InsuranceForteBFCNanjing Iron & SteelJEVE……

United KindomResolutionSilver Cross狼队

GermanyTom TailorH&ANAGAKollerFFT

PortugalFidelidadeLuz SaúdeBCP

India Gland PharmaDelhivery

BrazilRio BravoGuide

RussiaFosun Eurasia

United StatesSt. John28 LibertyStudio 8AmeriTrust

FranceClub MedLanvinSt HubertPAREFTridem

IsraelAHAVASisram Hong Kong SAR China

Peak ReinsuranceFosun Hani Securities

ItalyCarusoTHE MEDELAN

AustriaWolford

CanadaCirque du Soleil

Cote d’Ivoire、Ghana、NigeriaGlinther

Angola、MozambiqueBCP MillenniumFidelidade

JapanIDERATomamu

Peru、BoliviaLa Positiva

PolandBCP Millennium

AustraliaRoc Oil

Globalization 2.0

1. Diagram shows selection of Fosun portfolio companies

1

Page 18: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

50+ Global Partners

Page 19: World Class· Family Oriented · Consumer-Driven - …...2019/06/20  · Fosun Ranks 416 on Forbes Global 500 109.4 billion 1. Unit: RMB 2. As at 31 December 2018 13.4 108.5 billion

Thank You