Media Prima Bhd. · MYX:MEDIA
Media Prima Bhd — Merger or Acquisition (January 2007)
15 slides from Media Prima Bhd's merger presentation, Jan 12, 2007
Slide 1: Proposed Acquisition of Additional 30% Equity Interest in Big Tree Outdoor
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 1 MEDIA PRIMA BERHAD PROPOSED ACQUISITION OF ADDITIONAL 30% EQUITY INTEREST IN BIG TREE OUTDOOR SDN BHD (“BTO”) CORPORATE UPDATE 12 JANUARY 2007
Slide 2: Contents
PRIVATE & CONFIDENTIAL CONTENTS PRIVATE & CONFIDENTIAL 2 Section 1 BACKGROUND OF OUTDOOR EXPANSION Section 2 PROPOSED ACQUISITION OF ADDITIONAL 30% STAKE IN BTO Section 3 IMPACT ON EARNINGS Section 4 RATIONALE
Slide 3: Section 1: Background of Outdoor Expansion
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 3 SECTION 1 BACKGROUND OF OUTDOOR EXPANSION
Slide 4: Background of Outdoor Expansion - BTO
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 4 BACKGROUND OF OUTDOOR EXPANSION - BTO On 20 November 2006, MPB announced the proposed acquisition of a 70% equity stake in BTO with the following transaction structure: Existing No. of shares % held Purchase Mode of Shareholders held Consideration Sett
Slide 5: Background of Outdoor Expansion – UPD & TRC
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 5 BACKGROUND OF OUTDOOR EXPANSION – UPD & TRC On 30 November 2006, MPB announced the proposed acquisition of a 100% equity stake in UPD Sdn Bhd (“UPD”) & The Right Channel Sdn Bhd (“TRC”) with the following transaction structure: Company N o. of shares %
Slide 6: Section 2: Proposed Acquisition of Additional 30% Stake in BTO
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 6 SECTION 2 PROPOSED ACQUISITION OF ADDITIONAL 30% STAKE IN BTO
Slide 7: Proposed Acquisition of Additional 30% Stake in BTO
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 7 PROPOSED ACQUISITION OF ADDITIONAL 30% STAKE IN BTO On 12 January 2007, MPB announced the proposed acquisition of an additional 30% equity stake in BTO with the following transaction structure: Vendor N o. of shares % held P urchase Mode of held Consid
Slide 8: Media Prima Group Structure – Post Consolidation of Outdoor
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL MEDIA PRIMA GROUP STRUCTURE – POST CONSOLIDATION OF OUTDOOR 8 Television Content Events Print Media Radio Outdoor Broadcasting Creation Management 100.0% 100.0% 43.3% 75.0% 100.0% 100% 80% 100.0% 100.0% 100.0% 100% 100% FACT SHEET Share capital Extracts
Slide 9: Section 3: Impact on Earnings
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 9 SECTION 3 IMPACT ON EARNINGS
Slide 10: Value Enhancing Deal
PRIVATE & CONFIDENTIAL VALUE ENHANCING DEAL PRIVATE & CONFIDENTIAL 10 The proposed acquisitions of BTO, UPD & TRC are value enhancing to MPB based on the estimates for 2007 as follows:- Proforma Based on 2007 Estimates Total** * Total % Outdoor RM'million BTO UPD TRC Outdoor MPB Combined of MPB Reve
Slide 11: Earnings Accretive Deal
PRIVATE & CONFIDENTIAL EARNINGS ACCRETIVE DEAL PRIVATE & CONFIDENTIAL 11 The pro-forma EPS impact of the acquisition of BTO, UPD & TRC to MPB: 2006 2007 Total MPB Post RM 'm MPB MPB Outdoor Acqns Forecast net profit * 60.67 95.00 *** 18.70 113.70 No of shares - Existing** (m) 763.90 763.90 38.57 802
Slide 12: Section 4: Rationale
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 12 SECTION 4 RATIONALE
Slide 13: Rationale of Acquiring 100% of BTO
PRIVATE & CONFIDENTIAL RATIONALE OF ACQUIRING 100% OF BTO PRIVATE & CONFIDENTIAL 13 Attractive price for EYE’s 30% stake, similar to the price for the 56% vendor; yields favourable valuation parameters Full 100% consolidation of BTO’s future profits would enhance earnings of MPB Group Full 100% cons
Slide 14: Thank You
PRIVATE & CONFIDENTIAL THANK YOU PRIVATE & CONFIDENTIAL 14 VISIT US AT: www.mediaprima.com.my EMAIL YOUR QUERIES TO: investors@mediaprima.com.my
Slide 15: Forward-looking statements note
PRIVATE & CONFIDENTIAL PRIVATE & CONFIDENTIAL 15 Note: The presentation may contain forward-looking statements which are based on MPB's current expectations, forecasts and assumptions based on management's good faith expectations and belief concerning future developments. In some cases forward-looki
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