Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — CapitaLand — Merger or Acquisition (January 2010)
19 slides from Singapore Exchange's merger presentation, Jan 18, 2010
Slide 1: Acquisition of Orient Overseas Developments for US$2.2 billion
Acquisition of Orient Overseas Developments for US$2.2 billion 18 January 2010
Slide 2: Transaction Details
Transaction Details Mr Liew Mun Leong Group President & CEO 2 CapitaLand Presentation *January 2010*
Slide 3: Acquisition of OODL for USD2.2 billion
Acquisition of OODL for USD2.2 billion • To acquire 100% of Orient Overseas (International) Ltd’s real estate business - Orient Overseas Developments (OODL) • OODL has a portfolio of 7 high quality sites located in Shanghai, Kunshan and Tianjin • Total consideration of US$2.2 $ billion takes into ac
Slide 4: Investment Rationale
Investment Rationale • Doubles China property portfolio from 1.4m sqm to 2.8m sqm • Increases China’s asset size from 28% to 36% of total business • Excellent strategic fit. More than 87% of portfolio in Greater Shanghai • Portfolio mainly in city centre, next to/near MRT stations • Good p portfolio
Slide 5: Transaction structure
Transaction structure OOIL Orient Overseas (International) Ltd Acquire the entire shares in OODL which holds the portfolio OODL OOCL Orient Overseas Developments Ltd Orient Overseas Container Line Ltd OODL engages in real estate development and OOCL provides customers with logistics and investment i
Slide 6: GFA by Geography (sqm)
GFA by Geography (sqm) 87% of the portfolio in Greater Shanghai 190,350 Total GFA: 1.48mil sqm 13% 518,503 35% 768,538 52% Shanghai Kunshan Tianjin 6 CapitaLand Presentation *January 2010*
Slide 7: Portfolio Composition
Portfolio Composition Size : GFA 1.48 mil sqm / Value USD 1.99 bn GFA by Type (’mil sqm) GFA by Value (USD’bn) 0.26 17% 0.64 0.63 32% 32% 0.11 8% 0.83 56% 0.28 19% 0.17 8% 0.55 28% Residential Office Retail Serviced Residences / Hotel CapitaLand Presentation *January 2010*
Slide 8: Portfolio Details
Portfolio Details Mr. Jason Leow CEO CapitaLand China Holdings 8 CapitaLand Presentation *January 2010*
Slide 9: Portfolio GFA Breakdown
Portfolio GFA Breakdown City Shanghai Kunshan Tianjin Total Kunshan Kunshan (sqm) Site Luwan Nanmatou Changning Hengshan Tianjin DoubleTree Huaqiao Residential 73,119 104,260 655,543 832,922 Office 183,666 21,700 69,663 275,029 Retail 6,221 540 32,640 51,100 21,224 111,725 SR/Hotel 66,160 37,638 14,
Slide 10: Portfolio acquired at good values
Portfolio acquired at good values Estimated Underlying Value Plot Ratio City Site RMB US$ GFA (sqm) RMB psm (million) (million) Shanghai Luwan 145,500 3,929 575 27,000 Nanmatou 104,800 1,258 184 12,000 Changning 253,944 4,317 632 17,000 Hengshan 14,259 385 56 27,000 Kunshan Kunshan Double Tree Hotel
Slide 11: Shanghai Sites
Shanghai Sites Kunshan Raffles City Shanghai Changning Changle L Luwan Hengshan Nanmatou CHINA WORLD PAVILION (WORLD EXPO) 11 CapitaLand Presentation *January 2010*
Slide 12: Shanghai Luwan Changle
Shanghai Luwan Changle high end luxury residential, hotel & serviced apartments 12 CapitaLand Presentation *January 2010*
Slide 13: Shanghai Pudong Nanmatou
Shanghai Pudong Nanmatou mid-class residential 13 CapitaLand Presentation *January 2010*
Slide 14: Shanghai Changning
Shanghai Changning mixed-use office, serviced apartments and retail 14 CapitaLand Presentation *January 2010*
Slide 15: Shanghai Xuhui Hengshan
Shanghai Xuhui Hengshan high-end luxury hotel &/or serviced apartments 15 CapitaLand Presentation *January 2010*
Slide 16: Huaqiao Township, Kunshan
Huaqiao Township, Kunshan primarily residential with retail, office & serviced apartments 16 CapitaLand Presentation *January 2010*
Slide 17: DoubleTree by Hilton Huaqiao, Kunshan
DoubleTree by Hilton Huaqiao, Kunshan 398-room hotel in operation 17 CapitaLand Presentation *January 2010*
Slide 18: Tianjin site
Tianjin site Tianjin Centre Astor Plaza Tianjin International Building Junlong Plaza International Commercial Site Trade Center TEDA Building Golden Emperor TAHO Building Mansion Somerset Olympic Tower Sheraton Apartment 18 CapitaLand Presentation *January 2010*
Slide 19: Thank You
Thank You 19 CapitaLand Presentation *January 2010*