Mapletree Pan Asia Commercial Trust · SGX:N2IU
Mapletree Pan Asia Commercial Trust — Merger or Acquisition (May 2024)
10 slides from Mapletree Pan Asia Commercial Trust's merger presentation, May 30, 2024
Slide 1: Proposed Divestment of Mapletree Anson
Mapletree Pan Asia Commercial Trust Proposed Divestment of Mapletree Anson 30 May 2024
Slide 2: Important Notice
Important Notice This presentation is for information only and does not have regard to your specific investment objectives, financial situation or your particular needs. This presentation does not constitute an offer or solicitation of an offer to sell, or invitation to subscribe for, acquire or pur
Slide 3: Proposed Divestment of Mapletree Anson (the "Property")
Proposed Divestment of Mapletree Anson (the “Property”) Divestment of non-core asset is part of MPACT’s ongoing strategy to rationalise and optimise the portfolio for the benefit of Unitholders Property Overview (as at 31 March 2024) Address ▪ 60 Anson Road, Singapore 079914 Lettable Area ▪ 329,487
Slide 4: Key Transaction Rationale
Key Transaction Rationale Strategic and measured step to strengthen capital structure and optimise financial returns to Unitholders, while unlocking new avenues for value creation 1 Strengthened Capital Structure and Enhanced Financial Flexibility 2 DPU Accretive to MPACT Unitholders on a Pro Forma
Slide 5: Strengthens Capital Structure and Enhances Financial Flexibility
1 Strengthens Capital Structure and Enhances Financial Flexibility Net proceeds of approximately S$762 million1 intended to be allocated towards debt reduction Lowers Pro Forma Improves Pro Forma Adjusted Expands Pro Forma Debt Aggregate Leverage Ratio Interest Coverage Ratio Headroom Aggregate Leve
Slide 6: DPU Accretive to MPACT Unitholders on a Pro Forma Basis
2 DPU Accretive to MPACT Unitholders on a Pro Forma Basis Divestment is expected to deliver DPU accretion of approximately 1.5% for FY23/24 on a pro forma basis Financial Effects based on Unaudited Financial Statements for FY23/24 (For Illustrative Purposes Only) Effects of the Divestment Before Div
Slide 7: Divestment Consideration Above Latest Independent Valuation and Original Purchase Price
Divestment Consideration Above Latest Independent Valuation and 3 Original Purchase Price Divestment to unlock value and targeted for completion in July 2024 Gain of Gain of S$10.0 million S$95.0 million over latest independent valuation over original purchase price S$ million S$ million +1.3% +14.0
Slide 8: Maintaining Singapore's Continued Significance in a Diversified Portfolio
4 Maintaining Singapore’s Continued Significance in a Diversified Portfolio Singapore remains cornerstone of MPACT, accounting for more than 50% of portfolio Before Divestment After Divestment South South Korea, 2% Korea, 2% Japan, Japan, 8% 8% Festival China, Festival China, Walk, HK, 10% Walk, HK,
Slide 9: MPACT Post-Divestment: Navigate Market Changes with Greater Resilience and Agility
MPACT Post-Divestment: Navigate Market Changes with Greater Resilience and Agility Refining our capital structure and portfolio mix, repositioning for future opportunities 17 5 10.8 million sq ft S$15.7 billion S$6.0 billion Green-certified Asian Gateway Portfolio Assets under Management Gross Debt
Slide 10: Thank You
Thank You For enquiries, please contact: Thank You Teng Li Yeng Investor Relations Tel: +65 6377 6111 Email: teng.liyeng@mapletree.com.sg 10
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