Cp All Public Company Limited · SET:CPALL
Cp All Public — Merger or Acquisition (August 2021)
15 slides from Cp All Public's merger presentation, Aug 31, 2021
Slide 1: A transformational opportunity
A transformational opportunity Joint Announcement Presentation August 31, 2021
Slide 2: Disclaimer
Disclaimer This document is for information and reference only and does not constitute or form part of and should not be construed as, an offer to sell or issue or subscription of, or the solicitation of an offer to buy or acquire any securities in any jurisdiction or an inducement to enter into any
Slide 3: Today's presenters
Today’s presenters Suphachai Chearavanont Suchada Ithijarukul Prasit Boondoungprasert Kriengchai Boonpoapichart Chairman of the Board of Group Chief Executive Officer, Chief Executive Officer, CPF Chief Financial Officer, CPALL Directors, Siam Makro Siam Makro 1
Slide 4: Siam Makro and Lotus's – Creating leading fresh grocery O2O platform
Siam Makro and Lotus’s – Creating South and Southeast Asia’s leading fresh grocery O2O platform Together Siam Makro and Lotus’s can… Leading fresh grocery O2O platform Deliver seamless experience while realizing synergies Leading B2B wholesaler in to create value for our B2B and B2C customers Southe
Slide 5: Transaction snapshot
Transaction snapshot Simplified transaction structure Post-transaction shareholding structure1 Current shareholding structure1 (before PO) Minority Minority shareholders shareholders 7% 93% 40% 20% 40% 3% 66% 10% 20% 2 CPM and CPH jointly launch Siam Makro CPRH Mandatory Tender Siam Makro CPRH Offer
Slide 6: Transaction steps
Transaction steps Phase 1: EBT Board of Directors August 31, 2021: Board of Directors meetings of Siam Makro, CPALL and CPF meetings September 15, 2021: Record date for EGM October 12, 2021: EGM for Siam Makro and CPALL shareholders Approval Process 1▪ Approve acceptance of EBT of CPRH 1▪ Approve ac
Slide 7: Transaction steps (cont'd)
Transaction steps (cont’d) Phase 2: MTO and PO Mandatory tender offer (“MTO”) Public offering (“PO”) MTO period (after the completion of the EBT) PO (after the completion of the EBT and obtaining an approval from the SEC Office) ⚫ Tender price is THB43.50 per share (equivalent to the price for the S
Slide 8: The proposed transaction creates a customer focused, agile, fresh grocery O2O platform
The proposed transaction creates a customer focused, agile, fresh grocery O2O platform Leading regional fresh Presence in markets Driving digitalization, Leveraging the full grocery platform with with strong potential for e-commerce and O2O capabilities of the complementary formats growth developmen
Slide 9: Illustrative relative contribution analysis
Illustrative relative contribution analysis Contribution ratio between Siam Makro and CPRD based on key FY2020 financial metrics FY2020 financial metrics Contribution analysis3 FY2020 Revenue mix by entity Siam Makro – Revenue breakdown by division1 51.1% Siam Makro Revenue from rendering services,
Slide 10: Illustrative snapshot of pro forma financials of Siam Makro
Illustrative snapshot of pro forma financials of Siam Makro Siam Makro financial highlights Siam Makro pro forma financial highlights THBbn 2020 2020 THBbn 2020 2020 Cash & Cash Cash & Cash Total Revenue1 217.9 10.5 Total Revenue1 427.2 36.4 Equivalents Equivalents EBITDA 12.5 Total Assets 74.0 EBIT
Slide 11: Compelling proposition for our shareholders
CPALL CPF Siam Makro Compelling proposition for our shareholders CPALL shareholders ◼ Transform CPALL into the largest grocer in Asia ex-Japan, with presence across multiple formats spanning B2B and B2C ◼ Direct value realization through the attractive Siam Makro investment proposition ◼ Increased s
Slide 12: Compelling proposition for our shareholders (cont'd)
CPALL CPF Siam Makro Compelling proposition for our shareholders (cont’d) CPF shareholders ◼ Direct value realization through the attractive Siam Makro investment proposition ◼ Improved investment liquidity in CPRD ◼ Indirect upside through the value benefit from the investment in CPALL ◼ Upside fro
Slide 13: Compelling proposition for our shareholders (cont'd)
CPALL CPF Siam Makro Compelling proposition for our shareholders (cont’d) Siam Makro shareholders ◼ Creating a leading regional ecosystem fresh food and grocery ecosystem ◼ Numerous opportunities for value realisation − Leveraging scale and platform to expand into fast growing regional markets − Dri
Slide 14: Q&A
Q&A makro
Slide 15: Glossary
Glossary Term Definition B2B Business to Business Grocery Retailing B2C Business to Consumers Grocery Retailing bn Billion CPALL CP All Public Company Limited CPF Charoen Pokphand Foods Public Company Limited CP Group Charoen Pokphand Group Company Limited CPH Charoen Pokphand Holding Company Limite
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