Full Year 2024 VCI Global Ltd Earnings Call and Business Update

Good morning everyone and welcome to VCI Global Fiscal Year 2024 Learning Conference Call. Joining me today to discuss our results are Victor Hu, our Group as Executive Chairman and CEO and Zifeng Ang, our CFO .

After we start, I want to have whatever this is to have our happiness succeed today to have the men who are looking later to find the men.

Statements that are not historical facts, including but not limited to statements about the company's beliefs and expectations are of a well-looking statement.

Forward-looking statements involve in-heaven rates and uncertain dates, and our actual results may differ materially from these forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors including in our following with SES.

This presentation also includes certain non-guet financial measures which we believe can be helpful in evaluating our performance.

Speaker Change: However, those measures should not be considered substitutes for comparable GAAP measures . Their accompanying conciliation information related to those non-GAAP and GAAP measures can be found in our earnings press release issued earlier today. Without further ado, I will now turn the call over to our Groups Executive Chairman and CEO , Mr. Victor Hu.

Victor Hu: Thank you. Good morning, everyone. And thank you for joining the call to discuss our 2024 performance.

Victor Hu: I am pleased to report a strong year for VCI Global. We achieve a 41% increase in revenue reaching 27.8 million and 0.4 million increase in that income, amounting to US$7.6 million compared to the previous fiscal year.

Victor Hu: This remarkable growth was driven by solid performance across all our business segments.

Victor Hu: Despite a challenging macroeconomic environment, I am particularly proud of the strategic milestone we achieve.

Victor Hu: While the growth in net profit may appear modest, it reflects deliberate investment we made in building a stronger foundation, for example, expanding our team, hiring top talent and enhancing our infrastructure. These investments are positioning us for accelerated growth, accessible growth in 2020-25.

Victor Hu: A standard achievement this year is the success of technical organizations in problem-solving and the scope of collaboration.

Victor Hu: We introduced innovation in generative AI and AI-powered digital human technology, which not only reinforced our vision to lead in the tech space, but also bolster the rapid expansion of our server security as a service and AI as a service of friends under VGallance

Victor Hu: Our advisory business also saw significant progress. We capital consulting group limited, or VCCG. Our dedicated capital markets advisory division is preparing for CARF out IPO.

Victor Hu: This move reflects our confidence in the long-term potential of the capital market advisory space, even amid broader macro-cultimate volatility.

Victor Hu: To further support our growth, we are expanding our regional footprint with new officers in Singapore, in the skilling of our service security and capital market advisory services, and in Hong Kong, to deepen our presence and climate reach across greater China.

Victor Hu: This presentation initiative reinforces our position as a regional leader in capital market consultancy.

Victor Hu: Building on a record setting year, our strong performance reflects both strategy execution across high growth sectors where we see sustained demand. In 2025, we will continue as a later thing the development of our Prospector Platform Strategy.

Victor Hu: seamlessly integrating AI infrastructure, CSAS, Fintech solutions, renewable energy assets, and capital market advisory. Now, I'll turn the call over to Mr. Ang to provide more details on our financial performance.

Victor Hu: Thank you, Victor, and thank you again to a route for joining us today for VCIG's fiscal year 2020 for a means call. I'm Al, CFO of VCIG, and I'm pleased to provide an overview of our final show performance.

Victor Hu: We are proud to have delivered exceptional results in fiscal year 2024, a revenue rose by 41% compared to the previous year, driven by strong performance across all core verticals.

Victor Hu: This results validated our long-term strategy and unwavering the education of our team.

Let's take a closer look at our revenue breakdown.

Victor Hu: Revenue from business strategy consultancy increased by 1% from US$14.7 million in 2023 to US$14.8 million in fiscal year 2024, reflecting overall consistency in performance year-over-year.

Victor Hu: The company continued to execute high impact transaction including the successful netel is still a further group limiter.

Victor Hu: FGL in short on October 23, 2024. And YY Group holding limited YYG has in short on April 22, 2024.

Victor Hu: Several other clients are currently progressing through the IPO pipeline, further reinforcing BCI Global's strong positioning and growing credibility within the U.S. capital markets ecosystem.

Meanwhile, our technology development solutions in 2016.

So remarkable growth

Victor Hu: Revenue surged by 155% to US$11.4 million in FY2024 compared to US$4.5 million the previous year.

Victor Hu: The same way increased was driven by involvement in our generation AI solutions, AI digital human technology and other ongoing projects.

Victor Hu: We also depend on being required from through the seat receiving a 3.13% to 8.3 million type in the year 2024 depending on a 30% margin in Revenil

Victor Hu: That income came in at $7.6 million and earnings per share increased by 100.3% reaching $0.51 at $1.1 million.

Victor Hu: Overall, we are proud of our achievement and the continued improvement in our profitability. Thank you once again for joining us to review our financial results. We look forward to connecting with you in our next announcement.

Speaker Change: Thank you Mr. Ang. We would now like to begin the Q&A session as we receive a few questions from the floor during the conference.

Speaker Change: First question is addressed to Mr. Victor. Can you elaborate on some of the chief and initial highlights for fiscal year 2024, particularly area where VCI Global demonstrated the strongest performance?

Speaker Change: Absolutely, in fiscal year 2024, VCI Global delivers strong performance across our key areas. We recorded 41% increase in revenue, reaching 27.8 million, delivered by solid contributions from all our previous investments.

Speaker Change: Our technology division performs exceptionally well, especially in AI and SAAB's police officers.

Speaker Change: full by growing demand and innovations such as AI power solutions and supported by new projects focused on developing generative AI capabilities and AI digital human technologies.

Speaker Change: They will have a a a a a a a a a a

Speaker Change: This reflects our commitment to building long-term value and readiness to scale for future opportunities.

Speaker Change: This results on the score of a strong execution that would affect business model and forward-looking strategy.

Speaker Change: Thank you, Jik Note. Can you explain how Visiah Global and its cross-sector offerings will benefit shareholders?

Speaker Change: VCI Global's cross-sector strategy is designed to create energies that drive sustainable growth and maximize shareholder value.

Speaker Change: By integrating key sectors such as AI infrastructure, cyber security, fintech solutions and capital market advisory services, we can offer comprehensive budget services that address multiple kind needs.

Speaker Change: This is not only increases customer lifetime value, but also reduces customer acquisition costs, resulting in higher margins and a more resilient recurring revenue base.

Speaker Change: Additionally, this diversified approach presents VCI Global to capitalise on emerging friends and tap into high growth sectors with enduring demand.

Speaker Change: By strengthening our platform across multiple industries, we provide shareholders with a unique competitive age and opportunity to benefit from long-term value creation and innovation.

Speaker Change: Our strategy is about building infrastructure that supports the digital economy, which ultimately drives scalability, increases profitability, and enhances the stability of our revenue

Speaker Change: Can you provide more details on D C G carve out and its growth potential.

Speaker Change: The upcoming cough up IPL or <unk> is part of our broader strategy to incubate high potential business unit and unlock their value to public markets.

Speaker Change: Our capital markets and strategy Advisory Division has shown strong momentum, particularly in IPO and M&A services, we expect the IPO to take place in the third quarter of 2025 and fulfill not when he gives us greater visibility and access to capital, but also create added value for we settled those shows.

Speaker Change: It is.

Speaker Change: This cough up model enabled us to scale efficiently.

Speaker Change: Resources and accelerate growth, while maintaining strategic oversight.

Speaker Change: While I can't disclose specific just yet we do try to replicate this model across other fast growing segments, especially in AI and cyber.

Speaker Change: Discretely.

Speaker Change: Disciplined way to remain agile unlock shareholder value for expansion in high demand, but suppose.

Speaker Change: We also received a question by email asking whether VCA global and international expansion strategy beyond the previously mentioned expansion in Singapore and Hong Kong.

We made strong headway in our expansion plans in the first quarter of 2025, we established offices in Singapore, and Hong Kong and we'll be announcing the appointment of country Ceos. Shortly Additionally, we are in advanced talks at partners and clients in the middle East and expect to expand into that region very soon.

Speaker Change: This international footprint as part of our broader strategy to tap into the high growth markets.

Speaker Change: <unk> has a truly global player across our technology and consulting verticals.

Speaker Change: It will allow us to scale, our services diversify our revenue streams and better serve clients with cross border needs.

Speaker Change: Given the current geopolitical tensions and growing interest in AI infrastructure how are you.

Speaker Change: Still subsidiary the Golan navigating these challenges, especially think legal and integrating both with six L. O N and M. D. D S GPU and how does your AI infrastructure stand out in a crowded market.

Speaker Change: The gallon is strategically positioned to navigate rising geopolitical attention by offering a flexible AI infrastructure that bridges eastern or western technologies.

Speaker Change: The integration of deep six advanced L M and ambitious leading GPO platforms, we delivered robust region and logistics solution that many licensed dependency on any single supply chain.

Speaker Change: This hybrid approach ensure resilience and convenient for our clients, enabling them to access cutting edge capabilities without being limited by regional restrictions or geopolitical risk.

By leveraging the strengths of both ecosystem lead.

Speaker Change: Call that neutral globally interoperable platform.

Speaker Change: Into this treatment landscape.

Speaker Change: Our as a service model.

Speaker Change: It's not only cost efficient, but also built for speed and scalability.

Speaker Change: Can deploy tailored solutions powered by <unk>.

Speaker Change: Such a steep sick or Lama.

Speaker Change: There'll be a range of AI agents within 24 hours our system, some possible nanometer Gpus and alternative regional hobby, eliminating the need for a high upfront capex that specialized talent.

Speaker Change: Significantly lowers the barrier to enterprise adoption, while maintaining performance at ability.

Speaker Change: VCA Global has developed a proprietary cyber security as a service. So you should can you speak to the competitive landscape in this space and what differentiates your platform from the others in the market.

Speaker Change: While the cyber security space is highly competitive set of visa global pace all of them.

Speaker Change: Teresa vertical data as a service solution ciber.

Speaker Change: Ciber to kill which delivers comprehensive real time protection at both the hardware and software levers.

Speaker Change: A key feature of cybersecurity is automated backup after users and higher operating system. This allows for immediate recovery in the event of a breach including ransomware incidents.

Speaker Change: This capability is critically important organization seeking to ensure business continuity and minimize operational downtime.

Speaker Change: Furthermore, cyber secure and compressed military grade encryption directly into the heart rate. This chip level encryption, Chris an additional layer of defense Makena is significantly more difficult for remote that text to succeed.

Speaker Change: The access to the device will be required which is a 500 official for potential trades.

Speaker Change: The solution is delivered via subscription model.

Speaker Change: <unk> structure to reduce upfront capital expenditure flying the process, while ensuring access to the latest updates and threat intelligence Eva for on premises deployments.

Speaker Change: Accurately cyber scale brings together robust real time protection refurbished recovery arrest of their hardware level security into one unified platform, which we believe provides a strong value proposition for clients.

Speaker Change: Okay.

Speaker Change: Thank you Mr. Victor we appreciate the thoughtful questions from the floor. We've also made good questions addressed this concludes our earnings conference I would now.

Speaker Change: I'll hand, it back to Mr. Victor The group Executive Chairman and Chief Executive Officer of PCA Goldberg for his closing remarks.

Speaker Change: Thank you again to every level being here today and for the engaging questions during the Q&A session.

Speaker Change: 2024 has been a remarkable year for BCA global Chief record revenue and net income launch innovative technologies and taken bold steps to scale across our platform.

Speaker Change: What we have shared today reflects our unwavering commitment to long term value creation strategy execution across hydro pretty close.

Speaker Change: Looking ahead 2025 will be a year of continued momentum now moving forward with our public listing on BCG and further scaling our AI and cybersecurity capabilities.

Speaker Change: Kevin.

Speaker Change: Our mission remains clear to build future ready infrastructure the draft recurring value lowest because he didn't cost and enhance shareholder returns on behalf of the leadership team I want to thank our shareholders employees partners and all stakeholders for your continued trust and support we look forward to delivering another year.

Speaker Change: Strong sustainable growth together.

Speaker Change: Thank you and we'll see you at our next update.

Speaker Change: [music].