Oversea-chinese Banking Corporation Limited · SGX:O39
Oversea-chinese Banking — Merger or Acquisition (May 2024)
13 slides from Oversea-chinese Banking's merger presentation, May 10, 2024
Slide 1: Voluntary Unconditional General Offer for Great Eastern Holdings Limited
Voluntary Unconditional General Offer for Great Eastern Holdings Limited 10 May 2024
Slide 2: Disclaimer
Disclaimer This presentation is for information only and does not constitute or form part of any offer or invitation to sell or issue or subscribe for, or any solicitation of any offer to acquire, any securities in any jurisdiction in which such an offer or solicitation is unlawful, nor shall it or
Slide 3: Summary of proposed transaction
Summary of proposed transaction Overview of the voluntary unconditional general offer ❑ On 10 May 2024, Oversea-Chinese Banking Corporation Limited (“Offeror” or “OCBC”) OFFER PRICE announced a voluntary unconditional general offer (“Offer”) for all the issued ordinary For each GEH share shares (“Sh
Slide 4: Offer premium
Offer premium Offer Price represents a premium to the historical traded prices ❑ The Offer Price represents a premium over the market price and the volume weighted average price (“VWAP”) of the Shares over the 1-month, 3- month, 6-month, 12-month and 5-year periods up to and including the last tradi
Slide 5: Trusted name at the forefront of Asia's insurance industry
Trusted name at the forefront of Asia’s insurance industry Market-leading insurance franchise with best-in-class manufacturing and distribution capabilities, underpinned by a successful decades-long partnership with OCBC Leadership in Long-standing Structurally Trusted brand Singapore and partnershi
Slide 6: Rationale for the Offer
Rationale for the Offer Solidify Wealth Management Reinforce long-term strategic vision to become Asia’s leading Wealth position ✓ Management player Trusted name at the forefront of GEH is an established market leader for life insurance in Singapore and Malaysia Asia’s insurance industry ✓ and share
Slide 7: Solidify Wealth Management position
Solidify Wealth Management position Our Brands Our Scale Our Growth Group Wealth Management AUM S$263bn in S$bn 263 Group Wealth Management AUM (2023) 1 4 58 2013 2023 >16mn Group Wealth Management income Great Eastern policy holders in Singapore in S$bn % of Group and Malaysia (2023)2 29% 32% total
Slide 8: Driving growth
Driving growth Well-positioned to capture rising Asian wealth ■ Asia is one of the world’s fastest growing regions with rising customer demand for products and solutions that enhance and preserve wealth ■ Singapore is increasingly perceived as a gateway to Asia’s wealth and serves as a drawing card
Slide 9: One Group approach
One Group approach One Group approach to capture rising prosperity and wealth flows within Asia ✓ Capture full value of our Wealth Management ecosystem Insurance Life savings and investments, health Full alignment to best serve our customers across the unique Wealth Continuum and protection products
Slide 10: Offer enhances returns and optimises capital for OCBC
Offer enhances returns and optimises capital for OCBC OCBC Group FY23 ROE1 (%) OCBC Group DEC 23 CET1 CAR2 (%) After adjusting for (0.6) FY23 final dividend declared 0.2 15.9 15.3 13.7 14.0 14.5 FY23 Offer 3 Pro-forma FY23 Dec-23 Offer 3 Pro-forma Pro-forma Dec 23 Dec 23 Notes: Figures may not add u
Slide 11: OCBC is financially well-positioned to execute the Offer
OCBC is financially well-positioned to execute the Offer ❑ OCBC intends to use internal cash to fund the Offer ❑ OCBC is well-capitalised with Dec 2023 CET 1 CAR at 15.9% ❑ OCBC Group’s capital position will remain strong following the completion of the Offer Source: Company filings 11
Slide 12: Indicative dates and timing
Indicative dates and timing Offer announcement 10 May 2024 Despatch of the Offer Document by No later than 31 May 2024 Offeror Despatch of Circular to Shareholders No later than 14 days from date of by Company Despatch of Offer Document No earlier than 28 days from date of Closing date Despatch of O
Slide 13: Thank you
Thank you S)OCBC
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