Hutchison Telecommunications (Australia) Ltd
Hutchison Telecommunications (Australia) — Investor Presentation (March 2007)
17 slides from Hutchison Telecommunications (Australia)'s investor presentation, Mar 19, 2007
Slide 1: ASX announcement cover letter
Hutchison Telecommunications (Australia) Limited ABN 15 003 677 227 A member of the Hutchison Telecommunications Group Building A, 207 Pacific Highway St Leonards NSW 2065 Tel: (02) 9964 4646 Fax: (02) 9964 4668 www.hutchison.com.au Companies Announcements Office Australian Stock Exchange Date 19 Ma
Slide 2: Pro Rata Renounceable Rights Issue of Convertible Preference Shares
Hutchison Telecommunications (Australia) Limited Pro Rata Renounceable Rights Issue of Convertible Preference Shares Nigel Dews Tim Finlayson Chief Executive Officer Chief Financial Officer 19 March 2007
Slide 3: Disclaimer
Disclaimer The information in these materials is for information purposes only. These materials do not constitute an offer, invitation or recommendation to subscribe for or purchase any security or other financial product. The information contained in these materials is not investment or financial p
Slide 4: Proposed Rights Issue of CPS
Proposed Rights Issue of CPS • Proposal to raise up to approximately A$2.85 billion in equity by way of a pro-rata renounceable rights issue of convertible preference shares (“CPS”) • Initiative strongly supported by Hutchison Whampoa Limited (“HWL”), shows its commitment to maintaining ASX listing
Slide 5: Rights Issue Offer Structure
Rights Issue Offer Structure • Pro rata entitlement to 20 CPS for each HTA ordinary share held • Offer price of 21 cents per CPS • HWL to subscribe for its 57.82% pro rata entitlement • HWL, through its subsidiary Hutchison Communications (Australia) Pty Limited, to underwrite the balance of the CPS
Slide 6: Summary of CPS Terms
Summary of CPS Terms Feature Convertible Preference Share Terms Size up to approximately $2.85 billion Offer Structure Renounceable rights issue Issue Price 21 cents per CPS (1) Term 5 years, subject to earlier conversion Ranking Senior to ordinary shares, subordinated to senior debt Voting Rights N
Slide 7: HTA Shareholder Vote
HTA Shareholder Vote • CPS issue is subject to HTA shareholder approval at AGM scheduled for 4 May 2007 • Notice of Meeting and Explanatory Memorandum lodged with ASX today includes an Independent Expert’s Report • Independent Expert has concluded that the issue of CPS to Hutchison Communications (A
Slide 8: Indicative Timetable
Indicative Timetable Event Date Announcement of Rights Issue of CPS & release of 19 March 2007 Notice of Meeting & Explanatory Memorandum (including Independent Expert’s Report) Despatch of Notice of Meeting & Explanatory by 2 April 2007 Memorandum to HTA shareholders Annual General Meeting of HTA s
Slide 9: Benefits of Equity Raising for HTA
Benefits of Equity Raising for HTA • Resolves HTA’s capital structure, substantially reducing outstanding debt • Reduces HTA’s funding charges (interest expected to be $250 million lower on an annualised basis) • No dilution of HTA ordinary shareholders voting rights, for at least two years • Effect
Slide 10: Impact of CPS issue on HTA
Impact of CPS issue on HTA • Depending on minority shareholder participation, the CPS issue may – Increase HWL’s economic ownership of HTA – Increase the proportion of HTA’s ordinary shares held by HWL (on 5th anniversary of issue date unless CPS converted early, but not before 2nd anniversary of is
Slide 11: Further information
Further information Media Investor Relations Liz Rex Adam Zines Media Relations Manager Investor Relations Manager 02 9964 4831 / 0433 407 318 02 9964 5157 / 0425 296 529 Andrew Stokes Third Person Communications 02 8298 6100 / 0416 967 038 9
Slide 12: Hutchison Hi Telecoms
EN Hutchison Hi Telecoms
Slide 13: Speaking Notes for Chief Executive Briefing
Hutchison Telecommunications (Australia) Limited Pro Rata Renounceable Rights Issue of Convertible Preference Shares 19 March 2007 Speaking Notes for Chief Executive Briefing to Media & Analysts Cover Page & Slide 1 – Introduction & advice regarding disclaimer Welcome to today’s briefing on the prop
Slide 14: Speaking notes: Hutchison Whampoa commitment and offer structure
the proposal shows Hutchison Whampoa remains committed to maintaining an ASX listing for Hutchison Telecoms. The equity raising is subject to approval by Hutchison Telecoms minority shareholders which will be sought at the AGM on 4 May. If approved, the equity raising will substantially reduce Hutch
Slide 15: Speaking notes: Shareholder vote
Hutchison Telecoms having sufficient earnings to enable it to pay a dividend, and remains subject to a Board decision to pay a dividend. Slide 5 – Hutchison Telecoms Shareholder Vote The proposed CPS issue is subject to approval by Hutchison Telecoms shareholders at the AGM on 4 May 2007. We have lo
Slide 16: Speaking notes: Indicative timetable and benefits
Slide 6 sets out the indicative timetable for the equity raising. I would like to draw your attention to just a few key dates on this timetable… By 2 April the Notice of Meeting and Explanatory Memorandum (including independent expert report) will be sent to shareholders. On 4 May we will hold the A
Slide 17: Speaking notes: Hutchison Whampoa ownership impact
Hutchison Whampoa’s underwriting of the CPS issue means that, depending on minority shareholder participation and timing of any CPS conversion, Hutchison Whampoa’s ownership in Hutchison Telecoms may increase. This could occur from the 2nd anniversary of issue date, up to the 5th anniversary of issu
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