Sembcorp Industries Ltd. · SGX:U96
Sembcorp Industries — Merger or Acquisition (January 2026)
13 slides from Sembcorp Industries's merger presentation, Jan 30, 2026
Slide 1: Strategic Entry into Australia: Proposed Acquisition of Alinta Energy
Strategic Entry into Australia: Proposed Acquisition of Alinta Energy Unlocking Growth and Energy Transition Opportunities January 30, 2026 1 © Sembcorp Industries
Slide 2: Transaction Overview
Transaction Overview • Sembcorp has entered into a share sale agreement to acquire 100% of Pioneer Sail Holdings and Latrobe Valley Power (Holdings) (the “Target Group”) (the “Proposed Acquisition”). The Target Group collectively owns Alinta Energy and its group of companies - Alinta Energy is a ver
Slide 3: Strategic Rationale
Strategic Rationale 1 2 3 Australia: Entry into Alinta Energy: Integrated Accretive Acquisition: AAA-rated Country Energy Player with Driving Profitability and with Significant Strong Fundamentals to Scale Growth Opportunities Drive Transition 3 © Sembcorp Industries
Slide 4: Entry into AAA-rated Country with Significant Growth Opportunities
STRATEGIC RATIONALE – WHY AUSTRALIA Entry into AAA-rated Country with Significant Growth Opportunities Large-scale Market with Policy Certainty and Long-term Demand Structurally Attractive Market Opportunities Attractive macro dynamics Stable AAA long-term sovereign credit rating with well-regulated
Slide 5: Integrated Energy Platform with Significant Coast-to-coast Presence
STRATEGIC RATIONALE – WHY ALINTA Integrated Energy Platform with Significant Coast-to-coast Presence Generation and Retail across East Coast and West Coast Markets Owned and operated Owned but not operated 3.4GW diversified portfolio Part owned and operated renewable assets Operating across geograph
Slide 6: Future-ready Growth Platform to Drive Transition
STRATEGIC RATIONALE – WHY ALINTA Future-ready Growth Platform to Drive Transition Scaling Pipeline Depth and Growth Options for the Group Alinta Energy: Significant Renewables and Sembcorp Group: Expanded Global Growth Firming Pipeline Platform 10.4GW 78GW ~9GW1 Near-term projects, incl. ~69GW2 futu
Slide 7: Accretive Acquisition Driving Profitability and Scale
STRATEGIC RATIONALE – WHY ALINTA Accretive Acquisition Driving Profitability and Scale Immediate Earnings Accretion and Uplift in ROE LTM June 30, 20252 S$m unless otherwise specified Before Proposed Acquisition After Proposed Acquisition Uplift Underlying Adjusted EBITDA1 2,045 2,895 ▲42% Net Profi
Slide 8: Strategic Pivot: Enhanced Diversification and Portfolio Resilience
STRATEGIC RATIONALE – WHY ALINTA Strategic Pivot: Enhanced Diversification and Portfolio Resilience Increased OECD Weighting in Sembcorp’s Portfolio Before Acquisition Post Acquisition RoW RoW 10% SEA (ex SG) 8% SEA (ex SG) 11% 13% Underlying India 45% 5% Net Profit1 55% 64% India 7% S$1.0bn S$1.2bn
Slide 9: Disciplined Balance Sheet Management for Sustainable Dividends and Long-term Value Creation
Disciplined Balance Sheet Management for Sustainable Dividends and Long-term Value Creation 8 50.0 SCI Gross Debt and Leverage Profile1 7 45.0 Global Peers2 Net Debt / Adjusted EBITDA: 6.0x 40.0 6 5.5x 35.0 Disciplined balance sheet 5 Headroom 4.6x 30.0 • Pre-acquisition Net debt / Adjusted EBITDA 4
Slide 10: Updated Climate Action Trajectory
Updated Climate Action Trajectory Sembcorp Emissions Intensity Trajectory Post-acquisition (tCO2e/MWh) TARGET 0.40 • Achieve emissions intensity of 0.26 tCO2e/MWh by 2035 0.362 • Remain committed to net zero emissions (Scope 1 & 2) by 2050 0.26 0.29 • Responsible transition balancing energy security
Slide 11: Summary
Summary Australia: Strategic Entry into AAA-rated Country Unlocking growth in a structurally attractive market with strong transition momentum Alinta: Integrated Energy Player with Strong Fundamentals to Drive Transition A high-quality portfolio – delivering today and well-positioned for future Accr
Slide 12: Disclaimer
Disclaimer This presentation contains certain statements that are not statements of historical fact, i.e. forward-looking statements. These forward-looking statements are based on current expectations, estimates, projections and assumptions about future events. Although Sembcorp Industries believes
Slide 13: Thank you
Thank you 13 © Sembcorp Industries
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