Fully Regulated and Listed for Oversight

NPC is an Eswatini Stock Exchange-listed company, meaning we operate under strict regulatory oversight and disclosure rules. Being listed on the ESE isn’t just a status – it’s a pledge of transparency and accountability. All our financial statements are independently audited and made public, reinforcing confidence in our performance. In short, we play by the rules: regulators and the exchange continuously monitor our compliance, so investors are protected by law and formal governance structures.

• Transparency: As a listed firm, we publish regular financial reports and updates for the public. Shareholders and bondholders alike benefit from full public disclosure of our operations and results, as required by regulators. You will always know how NPC is performing and how funds are being used.
• Independent Audits: Our books are reviewed by qualified external auditors every year. This independent scrutiny ensures our financial reporting is accurate and trustworthy – a crucial safeguard that unregulated schemes simply don’t have.
• Formal Oversight: NPC’s corporate conduct is subject to Eswatini’s financial laws and the Eswatini Stock Exchange’s rules. From our Board of Directors to day-to-day management, we are accountable to regulators and investors at all times. This level of oversight provides a safety net of confidence that your investment is in responsible hands.

Clear Bond Terms with Safety Measures

NPC’s corporate bonds come with crystal-clear terms and built-in protections. When you invest in an NPC bond, you are effectively lending to us under a formal contract that details interest rates, payment schedules, and maturity dates, all vetted by regulators. We pay interest (the coupon) on scheduled dates and repay the principal in full at maturity, according to the bond’s terms – no surprises and no vague promises.

Most importantly, our bonds are structured with safeguards like a sinking fund to ensure repayment. A sinking fund means we set aside funds over time specifically to redeem the bond at maturity. This is a prudent measure to protect investors – your principal is not dependent on last-minute cash flows, but planned for from day one. Such features reflect a level of planning and security that unregulated schemes never provided.

In summary, when you purchase an NPC bond, you know exactly what you’re getting: a defined interest rate, fixed term, and legally binding commitment from NPC to pay you back in full, with interest, under the watchful eye of regulators.

Structured & Accountable vs. Unregulated Schemes

We understand why some investors hesitate – Eswatini has seen its share of unregulated schemes that seemed too good to be true. In fact, over the past 15 years emaSwati have lost more than E500 million to investment deals that ultimately collapsed after appearing “authentic”. These unfortunate cases had one thing in common: lack of true oversight and investor protection. Funds were often misused, and promises were not backed by any enforceable safeguards.

NPC is different. Our approach is structured, transparent, and accountable in ways those schemes were not:

• 🤝 Regulatory Compliance: Every NPC bond issuance is approved by and reported to the relevant authorities. Unlike unlicensed operators, we cannot and do not handle investor funds in the dark, all is done under formal regulation. This compliance gives you legal recourse and protection, whereas unregulated ventures left investors with little to fall back on.
• 📊 Transparency & Disclosure: Where shadowy schemes kept investors guessing, NPC provides ongoing disclosures. You can track our performance through published reports and stock exchange announcements. We believe in educating our investors, not obscuring facts.
• 💼 Accountable Governance: NPC has a board and leadership that must answer to shareholders, regulators, and the law. Decisions are made with long-term sustainability in mind, under scrutiny. Unregulated schemes often revolved around one or two individuals with no accountability, a risk you won’t run with NPC.
• 🏗️ Asset-Backed Growth: Perhaps most importantly, your investment fuels real projects and assets. NPC uses bond proceeds to expand tangible businesses, from upgrading facilities to acquiring productive assets that increase our company’s net worth. In contrast to schemes that shuffled money in a Ponzi-like fashion, NPC bonds are tied to concrete growth initiatives building our nation’s infrastructure and economy. When we grow, your investment is inherently backed by that growth.

By choosing NPC’s regulated bonds, you’re investing in a venture where integrity is the foundation. We don’t just welcome oversight – we embrace it as a vital part of our relationship with investors.

Law, Governance & Investor Protection

Your rights and interests as an investor are protected by law when you invest with NPC. As a public company (Listed on the Eswatini Stock Exchange since 2023), we adhere to the Financial Services Regulatory Authority (FSRA) and stock exchange regulations designed to safeguard investors. This means complete adherence to prospectus requirements, reporting standards, and legal accountability for how funds are managed. In the unlikely event of any dispute or issue, legal frameworks are in place to resolve it – a stark contrast to unregulated schemes where victims often had little legal recourse.

We pair these protections with strong internal governance. NPC’s corporate governance policies ensure that we manage funds responsibly and ethically. Our track record of audited financials and prudent management speaks to that culture. We also maintain a healthy balance sheet, for example, after our 2025 asset acquisition (including the quarry acquisition), NPC’s total assets grew substantially, providing a solid foundation that underpins our bond obligations. Investing with NPC means your money is going into a financially sound, well-governed enterprise, not into a black box.

Moreover, NPC’s business model focuses on asset-backed growth. Every Emalangeni you invest helps build real value, whether it’s new machinery, expanded production capacity, or strategic acquisitions that strengthen our company’s asset base. This asset growth not only drives returns but also serves as collateral that bolsters the security of bondholders. In essence, NPC’s success is shared with our investors: as we grow and generate profits, our ability to pay interest and principal grows with us, all within a regulated framework that puts investors first.

Committed to National Development and Your Success

At NPC, we measure success not just in profits, but in how we contribute to Eswatini’s development. We’re proud to be building local industries, from high-quality building materials to infrastructure projects, that uplift our nation. When you invest with NPC, you’re not only securing your financial future, but also supporting a home-grown company that’s shaping Eswatini’s infrastructure landscape. It’s an investment in the country’s future as much as in your own. We operate with integrity and a vision of national progress, which means we value the trust of our community and investors above all.

Bottom line: NPC’s corporate bonds offer a safe, transparent, and structured investment in an established, reputable company. We invite you to invest with confidence knowing that robust safeguards, regulatory oversight, and a commitment to growth and governance all work together to protect your interests. Unlike the speculative schemes of the past, NPC provides a real, accountable investment opportunity that delivers both financial returns and tangible impact.

👉 Ready to learn more or have questions? Our Investor Relations team is here to help with any information or guidance you need. Feel free to call us at +268 7802 5062 or email investors@npc.co.sz. We’re happy to walk you through the bond features, the simple subscription process, or any other inquiries so you can make an informed decision. You can also visit our website (https://npc.co.sz) for the prospectus and public disclosures.

Thank you for considering NPC Limited – where your investment grows alongside Eswatini’s growth. 🇸🇿

The post Safe, Transparent & Regulated: Invest with Confidence in NPC’s Corporate Bonds appeared first on Nkonyeni Pre-Cast Limited.

Embarking on a historic journey, NPC Limited has carved its name in the records of Eswatini’s financial landscape with its recent listing on the Eswatini Stock Exchange (ESE). In a market where milestones are few and far between, NPC’s ascent marks an ideal shift, opening new avenues for growth and prosperity.

The ESE Listing Unveiled

Significance of ESE Listing:

NPC Limited’s decision to go public signifies a bold move towards financial transparency, enhanced corporate governance, and increased visibility. The ESE listing is not merely a regulatory requirement; it’s a strategic choice to unlock fresh opportunities and broaden NPC’s investor base.

Investor Engagement:

The heartening response from emaSwati has been overwhelming. Over 450 investors contributed a remarkable E25 million, underlining the community’s trust in NPC Limited’s vision. This financial backing is a testament to the local support NPC enjoys and reaffirms its commitment to community-centric growth.

Navigating the New Landscape

Future Prospects:

With the ESE listing, NPC Limited paves the way for a future marked by innovation, expansion, and sustained success. This strategic move positions NPC to access capital for new projects, acquisitions, and technological advancements, fostering a culture of continuous improvement.

Unlock New Horizons with NPC Limited

As we celebrate this momentous achievement, NPC Limited invites you to join us on this exciting journey. Stay connected for regular updates, insights, and future opportunities. Whether you’re an investor, stakeholder, or community member, your participation is integral to NPC’s ongoing success.

The post Unlocking New Horizons: NPC Limited’s Historic ESE Listing appeared first on Nkonyeni Pre-Cast Limited.

Allotment Results:

• Each investor has been allocated the exact number of shares they applied and paid for.
• An incredible total of over 450 emaSwati investors participated, contributing a remarkable E25 million.

Next Steps:

The journey doesn’t end here! We are currently working on the logistics, and investors will soon be advised on the next step. Stay tuned for detailed instructions.

Share Your Excitement:

Let’s celebrate this achievement together! Share your excitement on social media using the hashtag #NPCSharesSuccess. Your stories and experiences matter, and we can’t wait to hear from you.

What’s Next?

As we move forward, we invite you to stay engaged with NPC Limited. Look out for more updates, exclusive content, and opportunities to connect with fellow investors.

Thank you for being a crucial part of the NPC journey. Your trust and commitment drive us to greater heights.

Stay Invested, Stay Excited, Stay NPC!

Best Regards,

The NPC Limited Investor Relations Team

The post NPC Limited Shares Allotment Update: Success and Celebration! appeared first on Nkonyeni Pre-Cast Limited.

The Visionaries Behind NPC Limited

NPC Limited was founded in 2007 with a mission to set new industry standards, not just for consistency in products but also for public safety. At the heart of NPC’s operations, there is a commitment to providing safe and top-quality products.

The company operates under the certifications of SWASA and is registered with CIC, and BMSA. These affiliations assure customers that when NPC claims a certain standard of product, they are held accountable for delivering on that promise.

Diversification and Growth

Since its inception, NPC Limited has diversified into six divisions, each contributing to its success:

1. Nkonyeni Pre-cast: The manufacturing division, founded in 2007, produces blocks, bricks, pavers, and retaining blocks.
2. Hardware Solutions: In 2017, NPC expanded into the hardware business, offering general hardware and building materials.
3. Swazi Tiles: A concrete roof tile manufacturing company joined the group, bringing innovation and SWASA certification.
4. Construction Solutions: The construction division, added in 2017, focuses on building houses, renovating existing structures, and constructing retail shopping centers.
5. Printing Solutions: In 2018, NPC ventured into the world of printing, branding, and marketing, supplying various companies with marketing and promotional materials and services.
6. Chemical Solutions: Amidst the challenges posed by the COVID-19 pandemic in 2020, NPC started Chemical Solutions, supplying water treatment chemicals, equipment, and services.

Leadership and Expertise

NPC Limited’s Board of Directors, comprising five members, of which four are non-executive independent directors, were strategically appointed in 2019 as part of a turnaround strategy. This board boasts over 110 years of combined experience in construction, mining, and the built environment. The executive team, also appointed in 2019, has over 100 years of experience in their respective sectors.

Meet some of the key members of the executive team:

• Philile Mawelela: Head of Shared Services
• Musa Kunene: Technical Manager, Chemical Solutions
• Cleo Sithole: Hardware Solutions Manager
• Nondumiso Mdluli: Finance Manager, NPC Group
• Jacobus Pienaar: Operations Manager
• Gladys Dlamini: Alternate Director, Sales and Logistics
• Hannah Pinar: Group Systems Administrator

Transforming Through a Turnaround Strategy

In 2019, NPC Limited embarked on a transformative journey through a turnaround strategy. The three years of financial data highlight remarkable changes within the group. Assets and retained profits increased, while liabilities decreased.

NPC’s historical growth is a testament to its commitment. The company grew from E4.2 million in 2007 to E55.5 million in 2022, resulting in an average compounded growth rate of 27%.

Uncovering Opportunities and Industry Analysis

NPC Limited operates in the construction industry and is regulated by the CIC. As of June 2023, 670 million emalangeni worth of projects were registered, indicating a thriving construction industry. Interestingly, the CIC contracted a company to develop industry regulations, demonstrating the potential for even more projects.

Facing the Competition

NPC Limited’s competition can be categorized into three sectors: Brickon, Yang Group, and smaller roadside block yards compete in manufacturing, while Cash Build, Build It, and independent local hardware stores are rivals in the hardware sector. For Chemical Solutions, competition includes Buckman, Improchem, Hydrospec, and Biogas from South Africa.

Diversified Market Approach

To mitigate risks, NPC Limited diversified its product offerings across multiple markets and clients. They initially catered to the construction industry but expanded into various markets, differentiating themselves through quality, innovative solutions, and customer-centric focus. As a result, NPC Limited now supplies more than one product to multiple markets and clients.

Sales Distribution Breakdown:

• Individual clients: Major revenue contributor
• Corporate clients: 32% of sales
• Retail industry: 18% of sales
• Construction: 12% of sales
• Chemical Solutions: 60% of sales from sugar, food, and beverage, 40% from forestry, pulp, and paper

Growth Strategy and Potential

NPC Limited’s strategy for growth involves listing equity and debt bonds on the Eswatini Stock Exchange to raise capital ranging from E150 million to E250 million. These funds will be reinvested to increase revenue from E55.5 million in 2022 to E144 million by the end of year five, representing an average compounded growth of 21.23%. This growth will lead to a 25-30% increase in employment and create 1600 informal employment opportunities.

Expansive Footprint

NPC Limited is based in Nkonyeni in Sidvokodvo and supplies 32 retail stores and six resellers. The company has strategically positioned itself for growth in an area with approved projects, including the Sidvokodvo Industrial Park, Railway projects, Eswatini Railway Houses and government-approved initiatives like Police Stations, Police accommodation and Clinics.

Utilization of IPO Proceeds

The use of proceeds from the IPO will involve significant investments in various aspects of NPC Limited’s operations:

1. Nkonyeni Precast: E9.7 million for increased stock, shelter over the yard, and electric forklifts.
2. Hardware Solutions: E9.7 million for increased stock, roof over the yard, and a truck and forklift.
3. Transactional Fees: Settling short and medium-term debt to reduce interest costs.
4. Working Capital: Ensuring a smooth transition and ongoing operations.
5. Employee Retention: To retain valuable talent and ensure business continuity.
6. Consignment Stock: Implementation of a consignment stock model to increase annual revenue by E1.2 million.

Solar Energy and Environmental Impact

NPC Limited is committed to environmental responsibility and plans to implement solar energy solutions to reduce costs. The introduction of a blending plant at Chemical Solutions will further enhance efficiency and reduce environmental impact.

A Bright Future Ahead

NPC Limited is poised for growth, and the company’s IPO represents a milestone in its journey. By executing its growth strategy and harnessing its diversified product offerings, NPC Limited is positioned for a remarkable future. With a focus on sustainability and social impact, NPC stands at the forefront of positive change in the construction industry.

As Marissa van Zuydam Kunene puts it, “We’re not just building structures; we’re building a better future for Emaswati.”

The post Marissa van Zuydam Kunene: Leading NPC Limited’s IPO Journey appeared first on Nkonyeni Pre-Cast Limited.

Why NPC Limited?

First and foremost, it’s essential to understand the incredible potential NPC Limited holds. This Eswatini-based company has been a key player in the construction and building materials sector. With a solid reputation and a history of providing top-quality products, NPC Limited is now ready to embark on a new journey. The IPO aims to raise capital that will fuel expansion, innovation, and growth.

Frans Pienaar, Chairman of NPC Limited Board, has this to say: “Our mission is clear – to use this capital to drive NPC into the future. We’re focusing on expanding our product offerings, streamlining operations, and reaching new markets. Our goal is to create sustainable, long-term value for our shareholders.”

How Will the Capital Be Utilized?

This is a question on many potential investors’ minds, and it’s a valid one. NPC Limited intends to allocate the capital judiciously. The proceeds will be channeled into various aspects:

1. Expansion: NPC Limited aims to broaden its footprint. This includes not only expanding geographically but also increasing its product line capacity.
2. Innovation: Innovation is key to staying competitive. The IPO capital will fuel research and development efforts, leading to new products and services.
3. Operational Enhancement: Streamlining operations can lead to cost savings, making NPC Limited more efficient and competitive in the market.
4. Market Penetration: Entering new markets and creating strategic alliances are part of NPC’s vision for the future.
5. Growth: The ultimate goal is growth. The proceeds will be channelled into areas that drive business growth and increase profitability.

What About NPC’s Profitability?

Profitability is a pivotal concern for any investor. While NPC Limited has faced challenges, the IPO is designed to address these and lay a solid foundation for sustainable profitability. It’s important to note that NPC Limited is in a prime position to leverage its strong brand, experience, and the funds raised through the IPO to overcome any profitability issues. The strategies NPC has in place to enhance profitability include:

• Market Expansion: Targeting new markets, both locally and regionally, will result in increased sales and revenue.
• Product-line capacity: By increasing its product-line capacity, NPC aims to serve a broader customer base, thus increasing sales and revenue streams.
• Operational Efficiency: Streamlining operations will reduce costs and improve overall profitability.

Join Us on This Exciting Journey

Investing in the NPC Limited IPO is not just about seeking returns; it’s about participating in the transformation of a well-established company and the growth of Eswatini’s economy. We encourage you to get involved, ask questions, and embark on this exciting journey with us.

The deadline for applications is November 3, 2023, 12pm. For subscription submissions and any inquiries, please contact investors@npc.co.sz.” Be part of the NPC Limited success story. Invest now!

Note: To get started, you’ll need to follow these steps:

• Download the IPO Prospectus: You can find it on our website: https://npc.co.sz/investor-relations
• Complete the Application Form: Ensure you’ve filled in all the necessary information.
• Provide KYC Documents: You’ll need to include proof of identity, residence, and source of income.
• Submit Your Application: Send the completed form and documents to transfersecretary@sng.gt.com.
• Payment: Transfer the funds to the designated bank account as mentioned in the Prospectus.

Once you’ve done all this, you’re well on your way to becoming an NPC shareholder. Don’t forget the IPO deadline is approaching soon, so act now!

The post Reimagining Investment: Unlocking Opportunities with NPC Limited’s IPO appeared first on Nkonyeni Pre-Cast Limited.

Important Dates and Times

• Closing of Offer for Subscription: October 20, 2023, at 12:00 PM
• Results of Allotments to Successful Applicants: October 24, 2023
• Results of the Offer Submitted to the Market Committee: October 24, 2023
• Documents of Title Posted or Collected: October 26, 2023
• Listing of Shares and Commencement of Trading on the ESE: October 26, 2023 at 9:00 AM

Please note that all references to dates and times are in local Eswatini time. These dates and times are subject to change. Any amendments will be promptly released and published in the press.

How to Obtain the Prospectus

If you’re interested in this investment opportunity, you can obtain a copy of the Prospectus during business hours from the following addresses:

• Nkonyeni Pre-cast: 523 Nkonyeni Farms, Sidvokodvo, Eswatini.
• SNG Grant Thornton Eswatini: Umkhiwa House, 195 Karl Grant Street
• ESW Securities Limited: 4th Floor, Sibekelo 2 Building, Mbabane Office Park, Mhlambanyatsi Road
• Henwood and Company Attorneys: Mantambe House, Ben Dunn Street
• Nkonyeni Pre-cast Website: npc.co.sz/investor-relations

Don’t miss this opportunity to invest in the future of Eswatini. For and on behalf of the Board, Mr. Frans Pienaar (Chairman).

The post NPC Limited Extends Subscription Offer for IPO Shares appeared first on Nkonyeni Pre-Cast Limited.