Parkway Life Real Estate Investment Trust · SGX:C2PU
Parkway Life Real Estate Investment Trust — Parkway Life REIT — Merger or Acquisition (July 2021)
11 slides from Parkway Life Real Estate Investment Trust's merger presentation, Jul 14, 2021
Slide 1: Proposed Entry into New Master Lease Agreements and Renewal Capex Agreement
(“PLife REIT”) The Proposed Entry into the New Master Lease Agreements for Mount Elizabeth Hospital Property, Gleneagles Hospital Property and Parkway East Hospital Property and the Renewal Capex Agreement (the “Proposed Transaction”) 14 July 2021 1
Slide 2: Disclaimer
Disclaimer This presentation shall be read in conjunction with the announcement dated 14 July 2021 released to the SGX-ST. This presentation is for information only and does not constitute an invitation, offer or solicitation of any offer to acquire, purchase or subscribe for units in Parkway Life R
Slide 3: Proposed Transaction – Overview
Proposed Transaction – Overview Background Key Highlights Singapore Hospitals1 are key assets of PLife REIT contributing ~60.2% by asset value and ~58.9% by net property Renewal Capex Works will take ~3 years to complete Guaranteed rental step up income2 of PLife REIT’s total portfolio PLife REIT
Slide 4: Proposed Transaction – Overview
Proposed Transaction – Overview Key Rationale Funding and Pro forma effects of Proposed Transaction (for illustration only)1 New Master Lease Agreements will provide long-term income certainty, 1 stability and sustainable occupancy for PLife REIT Pro forma DPU Pro forma NAV and Gearing Funding Clear
Slide 5: New Master Lease Agreements
New Master Lease Agreements1 Renewal Term Rent Payable for Renewal Term 23 August 2022 to 31 December 2042 comprising: Initial Rent for FY2023 is S$97.2 million (supported by rental valuations)2 (i) Interim Period (23 August 2022 to 31 December 2022) Renewal Capex Works will take ~ 3 years to co
Slide 6: Renewal Capex Agreement
Renewal Capex Agreement1 The Renewal Capex Works will: Enhance overall performance, operations and architectural design of the existing high quality properties Improve utilisation of available space and resources, allowing the Singapore Hospitals to meet patient demand and better serve the commu
Slide 7: Pro Forma Financial Effects of the Proposed Transaction
Pro Forma Financial Effects of the Proposed Transaction - DPU and Distribution Yield For illustrative purposes only (As if the Proposed Transaction was completed on 1 January 2020)1 At the end of Year 1 of the Renewal FY2020 Term, the pro forma Distribution Per Unit (“DPU”) is expected to Before P
Slide 8: Funding and Pro Forma Financial Effects of the Proposed Transaction
Funding and Pro Forma Financial Effects of the Proposed Transaction - Pro Forma NAV per Unit and Gearing Immediately after the entry into the Proposed For illustrative purposes only Transaction, the pro forma Net Asset Value (As if the Proposed Transaction was completed on 31 December 2020)1 (“NAV
Slide 9: Right of First Refusal
Right of First Refusal Sponsor ROFR granted by Sponsor to PLife REIT at IPO had expired in 20121 In connection with the Proposed Transaction, the Sponsor shall grant to PLife REIT, a ROFR for the Mount Elizabeth Novena Hospital Property2 for a period of 10 years ROFR over a ROFR over a high qu
Slide 10: Extension of Strategic Collaboration for Singapore Hospitals by PLife REIT and IHH Healthcare
Extension of Strategic Collaboration for Singapore Hospitals by PLife REIT and IHH Healthcare strategic We are pleased to extend our longstanding lease arrangement with our Master Our Singapore hospitals are top performers for the Group as they provide world-class Lessee. With its extensive expe
Slide 11: Thank You
Thank You For any enquiries, please contact: Klareco Communications Karen Yap – kyap@klarecocomms.com / (65) 8133 6201 Pearl Lam – plam@klarecocomms.com / (65) 9724 0521 11
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