Sembcorp Industries Ltd. · SGX:U96
Sembcorp Industries — Merger or Acquisition (November 2022)
10 slides from Sembcorp Industries's merger presentation, Nov 8, 2022
Slide 1: Proposed Sale of Shareholding in Sembcorp Energy India Ltd
Proposed Sale of Shareholding in Sembcorp Energy India Ltd November 8, 2022 RESTRICTED
Slide 2: Objectives of Proposed Sale
Objectives of Proposed Sale 1 2 3 4 5 Accelerate the Stable transformation Strengthen Preserve value Protect transition to a of SCI’s SCI’s balance for stakeholders’ proven and portfolio from sheet shareholders interests trusted long- brown to term partner green 2 © Sembcorp Industries 2022 RESTRICT
Slide 3: Proposed Sale Of Shareholding In Sembcorp Energy India Limited (SEIL)
Proposed Sale Of Shareholding In Sembcorp Energy India Limited (SEIL) Transaction Overview Sembcorp • Proposed Sale: SCI, through its wholly-owned subsidiary, Sembcorp Utilities, is selling 100% of its shares in SEIL. SEIL is one of the largest independent power producers in India, operating two sup
Slide 4: Accelerate the Transformation of SCI's Portfolio from Brown to Green
PROPOSED SALE OF SEIL Accelerate the Transformation of SCI’s Portfolio from Brown to Green GHG Emissions Intensity % Share of Total Group Capacity (tCO2e/MWh) from Renewables 0.6 0.54 0.51 60% 51% 0.5 50% 39% 43% 0.4 0.4 0.32 40% 0.3 30% 25% 0.2 20% 0.1 10% 0 0% 2020 2021 2021 2025 Target 2020 2021
Slide 5: Strengthen SCI's Balance Sheet
PROPOSED SALE OF SEIL Strengthen SCI’s Balance Sheet Improvements in leverage ratios, strengthening the balance sheet for further green growth Debt / EBITDA EBITDA / Interest 0.8 Debt / Capitalisation Peers’ range Peers’ range 0.75 Peers’ range Pure renewables2,5: 7.8x Water & waste3,5: Pure renewab
Slide 6: Preserve Value for Shareholders
PROPOSED SALE OF SEIL Preserve Value for Shareholders Sale of SEIL implies Price/Book Value1 of 1.0x | Financial metrics on a pro forma basis remains stable EBITDA PATMI Net Asset Value 1005 605 905 865 (238) 4,222 490 (101) 4500 (2,150) 2,103 4,175 805 505 79 468 95 721 4000 705 3500 405 S$ million
Slide 7: Protect Stakeholders' Interests
PROPOSED SALE OF SEIL Protect Stakeholders’ Interests Power Distribution Customers and End Users Service over 2.5 million households with essential energy Continue to fulfill contractual obligations to power distribution companies via long-term and medium-term contracts, and merchant market part
Slide 8: Stable Transition to a Proven and Trusted Long-term Partner
PROPOSED SALE OF SEIL Stable Transition to a Proven and Trusted Long-term Partner Operational excellence and GHG emissions intensity reduction initiatives at SEIL supported through technical service agreement and a GHG Reduction Incentive Rate1 The Tanweer Consortium led by OIC OIC has a strong trac
Slide 9: 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 10: Thank you
Thank you © Sembcorp Industries 2022
Sembcorp Industries — Merger or Acquisition (November 2022) on 6ix