Wilmar International Limited · SGX:F34
Wilmar International — Shareholder Meeting (April 2007)
17 slides from Wilmar International's shareholder meeting presentation, Apr 26, 2007
Slide 1: SGX Announcement: Presentation at Extraordinary General Meeting
MISCELLANEOUS Page 1 of 1 Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer * WILMAR INTERNATIONAL LIMITED Company Registration No. 199904785Z Announcement submitted on behalf of WILMAR INTERNATIONAL LIMITED Announcement is submitted with WILMAR INTERNATIONAL L
Slide 2: Wilmar International Limited EGM Presentation
WILMAR INTERNATIONAL LIMITED EGM PRESENTATION 26 APRIL 2007 1
Slide 3: Overview of the Merger
Overview of the Merger 2
Slide 4: Creation of one of Asia's leading agribusiness groups
Creation of one of Asia's leading agribusiness groups • Wilmar will be one of the largest listed companies on the SGX-ST by market capitalisation after the KG Merger and IPT Acquisitions. US$2.7b KG Merger US$1.6b IPT Acquisitions US$1.1b acquisition of PPB Oil Palms Berhad (“PPBOP”) ("PPBOP Acquisi
Slide 5: Rationale for the KG Merger and IPT Acquisitions
Rationale for the KG Merger and IPT Acquisitions • Create world's leading merchandiser and processor of palm oil. – Combine processing and merchandising activities. – Significant presence in Malaysia and access to KOG's markets. • Expand oil palm acreage. – Increase plantation landbank from 210,000
Slide 6: Status Update
Status Update • All requisite regulatory approvals with regard to the KG Merger has been obtained • Voluntary general offer for PPBOP has become unconditional on 24 April 2007 and the offer is scheduled to close on 8 May 2007 • IPT Acquisition – currently in progress 5
Slide 7: Dispensation of Take-over Offer for Wilmar
Dispensation of Take-over Offer for Wilmar • The SIC has granted the Kuok Group and its concert parties the dispensation subject to the following conditions:- (a) that each of the ADM Group and WHPL:- • (i) submits to the SIC a written confirmation (the “Relevant Confirmations”) to the effect that i
Slide 8: Dispensation of Take-over Offer for Wilmar (cont.)
Dispensation of Take-over Offer for Wilmar (cont.) (c) the Kuok Group and persons acting in concert with it are not to offer any consideration, promise or inducement to WHPL and the ADM Group in return for the Relevant Confirmations; (d) Wilmar Shareholders are given the full facts in any document a
Slide 9: The KOG and PGEO Acquisitions
The KOG and PGEO Acquisitions 8
Slide 10: Information on KOG
Information on KOG • Principally engaged in processing and merchandising of oils and grains products. • Leading edible oil consumer pack manufacturer and distributor in China. Its “Arawana” brand is the market leader in China. • Oils and grains processing facilities located in China, Indonesia, Viet
Slide 11: Information on PGEO
Information on PGEO • Major edible oils refiner in Malaysia, principally involved in the manufacturing and sale of edible oils. • 65.8% of PGEO owned by FFM Berhad, which is in turn 100% owned by PPB Group Bhd. Remaining 34.2% owned by PPBOP. • One of the largest refining capacities in Malaysia with
Slide 12: Financial effects of the KOG and PGEO Acquisitions
Financial effects of the KOG and PGEO Acquisitions Before After FY2006 Earnings US$104.6m US$226.1m EPS 4.13 US cents 5.78 US cents As at 31 December 2006 Shares 2.5 billion 3.9 billion NTA US$550.3m US$998.3m NTA per share 21.73 US cents 25.52 US cents Gross gearing 1.30 times 0.67 times Net gearin
Slide 13: Shareholding Structure Post Acquisitions
Shareholding Structure Post Acquisitions Pre-KOG & PGEO Acquisitions Post-KOG & PGEO Acquisitions Public, 16.9% Public, 10.9% Others (1), 4.3% Others (1), 1.2% Harpole Resources, 14.0% WHPL, 53.1% Kuok (Singapore), 5.6% WHPL, 81.9% FFM, 12.1% (1) Dalex Investments Limited, a Kuok Group company, held
Slide 14: Purpose of EGM
Purpose of EGM 13
Slide 15: Purpose of Today's EGM
Purpose of Today's EGM • To obtain Wilmar shareholders' approval for the KOG and PGEO Acquisitions and issue an aggregate of 1,378,678,330 new Wilmar Shares as consideration for the KOG and PGEO Acquisitions. US$2.7b KG Merger US$1.6b IPT Acquisitions US$1.1b PPBOP Acquisition US$1.6b acquisitions o
Slide 16: Important Notice
IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may cha
Slide 17: Thank You
Thank You 16
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