SM Prime Holdings, Inc. · PSE:SMPH
SM Prime — Investor Presentation (November 2013)
10 slides from SM Prime's investor presentation, Nov 7, 2013
Slide 1: Letter to the Philippine Stock Exchange on merger disclosure
November 7, 2013 The Philippine Stock Exchange, Inc. 3rd Floor, PSE Plaza, Ayala Triangle Ayala Avenue, Makati City, 1226 Philippines Attention of Ms. Janet A. Encarnacion Head, Disclosure Department Gentlemen: In line with the Securities Exchange Commission’s approval of the merger between SM Prime
Slide 2: Investor Update
Investor Update 7 November 2013
Slide 3: Disclaimer
Disclaimer THIS PRESENTATION HAS BEEN PREPARED BY SM PRIME, INC. (THE “COMPANY”) SOLELY FOR YOUR INFORMATION AND FOR USE AT THE PRESENTATION BY THE COMPANY. IN PARTICULAR, THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW, AND PERSONS INTO WHOSE POSSESSION THIS DOCU
Slide 4: SM Group plan to combine all real estate businesses under SM Prime
On May 31, 2013, the SM Group announced a plan to combine all of its real estate businesses under SM Prime Exchange Share for Asset for Offer Merger share swap share swap (Commercial) (Residential) (Tourism) (Real Estate Assets) (Leisure) (Leisure) Prime Metro Estate Inc. (Commercial) Tagaytay Resor
Slide 5: Restructuring process update
Restructuring process update Phase 1 Phase 2 Phase 3 n Aug 12, 2013: Exchange n Jul 10, 2013: Received SMPH n Oct 10, 2013: Obtained SEC offer completed (98.9% shareholders approval for the approval for the injection of P P P and 99.9% acceptance for merger of SM Land and SM SM Group’s real estate a
Slide 6: Reorganized structure of SM Prime
Reorganized structure of SM Prime Sy Family Public & Other SM Companies (27.4%1) (51.3%1) (21.3%1) Hotels & Malls Residential Commercial Leisure Conventions 1 Reflecting completion of all three phases 5
Slide 7: Integrated team in place to execute strategic plan
Integrated team in place to execute strategic plan Audit and Corporate Governance Committee Board of Directors (8 Directors incl. 3 Independent Directors) Enterprise Risk Management Committee Mr. Henry T. Sy, Jr. Mr. Hans T. Sy Mr. Jeffrey C. Lim Executive Chairman President and Director EVP/CFO Hot
Slide 8: SM Prime transformed into a leading integrated real estate company in Asia
SM Prime has been transformed into a leading integrated real estate company in Asia and is well positioned to pursue its next phase of growth Revenue breakdown by segment5 Total Land Bank1: 825 ha Commercial Hotels & 5% Conventions Leisure & 3% Market cap2: US$12.4bn Resorts 2% Residential Malls 37%
Slide 9: The strategy going forward
The strategy going forward 1 Acquisition of strategic landbank 2 Leverage on world-class malls 3 Optimize existing properties Continue aggressive rollout of BPO office 4 development Maintain strong balance sheet, prudent risk & 5 capital management, and good governance 8
Slide 10: Capex plans accelerated to pursue attractive opportunities
To support this strategy, CAPEX plans will be accelerated to pursue highly attractive opportunities in the market Total capex ~US$1.9bn US$1.4bn ~US$1.5bn US$0.8bn 2012 2013E 2014F 2015F We plan to fund our US$3.4bn capex requirement through an optimal combination of internally generated cash, debt
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