Kin Global: events and experiences, newly listed on Catalist

As Singapore's largest sports events management company, Kin Global has built a formidable track record since its inception in 2017, capturing an estimated 17% of the local market share in 2024. It is now gearing up for the next leap of growth. I think since 2017, when the company was founded, Kin has grown amazingly. It has now reached a point where it has to decide what to do, to stay private and grow in the space, or to continue into another stage of growth.

Since our founding, we've become the dominant player in the sports event industry, delivering more than 500 events. And we have scaled up to such a point where we are not satisfied satisfied to just be a sports event business. So, the future is for Kin to find new areas of growth, new pillars of growth. And for that, we need to tap the capital markets for new funds to finance our growth in that area.

The group's operational foundation remains rooted in an asset-light business model. By distinguishing itself as a one-stop service provider, Kin Global manages everything from creative conceptualization and brand activation to technical production and venue management. I think in any business, for it to succeed, the model is very important. Our business model provides end-to-end solutions to any event that we have to stage and to deliver.

And these are very marquee events, international global events. What is our competitive edge? First of all, we are very asset light. We are very people-oriented.

In other words, we have over the years built up a body of expertise and a group of professionals who are able to deliver events on budget, on time, to the quality expected of international events. We have built up a reputation as the go-to service provider for sports event companies, so that when people come to us, they have the confidence and the comfort that their events will be delivered almost flawlessly. And that sets us apart from a lot of many many of our competitors out there. Central to this proposed listing is the strategic deployment of the raised capital, including mergers and acquisitions.

Giant share of the proceeds will be used to do two or three things. The first thing is that we want to use the proceeds to continue to strengthen our dominance in the sports event industry, both in the event delivery, but more so to develop sports event IPs. And to be able to promote and to host such IPs, so that we build events that will be repeatable year over year in Singapore or in the region to generate recurring income. the rest of the proceeds will be used primarily for our growth into the other pillars that we are trying to build.

What are these pillars? One of which is investment into cultural and immersive experience events as well as venues. And also to target other pillars such as MICE or live entertainment businesses. So, I We like to say that a very large amount of proceeds will be used for expansion and will not be used for funding any of our current projects.

The group's strategic expansion is closely aligned with a highly supportive macroeconomic environment. Well, you know, when I talk about tailwinds for this macroeconomic space, this space that I call event tourism, I'm I get I get very excited because I I see almost infinite opportunities in this space. Now, Kings has grown to be a very successful company in the space of sports event delivery and and and and organizing. Kings will continue to dominate this space and continue to to to to improve ourselves here.

But, in order to further our growth, I'm looking at what are the infrastructure spendings that our Singapore government is committing to make this space even more attractive. Changi Airport T5 is estimated to cost 10 billion US dollars. Marina Bay Sands expansion, 8 billion US dollars. And RWS expansion, 5 billion US dollars.

Even before these powerful structure tailwinds, the group's agile execution already reflected strongly on the bottom line. 46 million Sing dollars, a more than 600% increase year-on-year. 98 million Sing dollars in the first 9 months of FY 2025. Furthermore, the group is debt-free.

In fact, it has a net cash position of close to 4 million Sing dollars as stated in the offer document. As Singapore continues to solidify its status as Asia's premier destination for world-class entertainment and sports, Kings Global is exceptionally well positioned to translate multi-billion dollar infrastructure investments into long-term recurring value.