Slide 1: Corporate Presentation
Corporate Presentation 1
Slide 2: Important Notice
IMPORTANT NOTICE The information contained in this presentation is strictly confidential. This presentation and the information contained herein may not be reproduced, disclosed or distributed to any other person. By viewing and/or reading this presentation, you agree not to reproduce, disclose or d
Slide 3: Introduction to Gallant Venture Ltd.
Introduction to Gallant Venture Ltd. • GV is a Singapore listed [GALV:SP] investment holding company • Strong asset-rich balance sheet – Assets of S$1,478 million (as at 31 Dec 07) • Low gearing – Debt of S$99 million (gross debt as at 31 Dec 07) • Strong EBITDA Audited Proforma Actual FY2004 FY2005
Slide 4: Singapore-Batam-Bintan Relative Location
Singapore-Batam-Bintan Relative Location 4
Slide 5: Four Current Lines of Business (w.e.f. FY 2006)
Four Current Lines of Business (w.e.f. FY 2006) Investments include 16 companies in Singapore and Indonesia employing around 2,000 people and involved in four major LOB’s – Utilities • 163 Mw of power generating capacity • 26,800 m3/day clean treated water • 5,000 telephone lines • Waste management
Slide 6: Four Current Lines of Business (FY 2007)
Four Current Lines of Business (FY 2007) Industrial Parks Utilities Value = $421 mln Value = $461 mln Revenues = $56.7 mln Revenues = $137.2 mln EBITDA = $41.1 mln EBITDA = $44.5 mln PBIT = $11.4 mln PBIT = $24.3 mln Gallant Venture Value = $1,478 mln Revenues = $234.3 mln EBITDA = $86.6 mln PBIT =
Slide 7: Balance Sheet
Balance Sheet (S$ million) FY2007 Total Assets 1,477.7 Investment Properties 317.6 Land Under Development & Inventories 557.0 Total Investment & Development Properties 874.6 Total Borrowings 99.3 Cash & Bank Balance 84.9 Shareholders’ Equity 1,246.2 Net Gearing (%) 1.16 7
Slide 8: Strengths
Strengths Good balance between • Mature Utilities and Industrial Parks generating strong cash flow – Recurrent EBITDA of $70~100 mln p.a. • Significant upside from Landbank and Resort Management – 18,201 ha 8
Slide 9: Monetizing value of the land bank
Monetizing value of the land bank Strong relations with local government • One of the biggest tax payers in Riau Province • One of the biggest indirect employers in Riau – 70,000 employees in Batam – 19,000 employees in Bintan 9
Slide 10: GV has three bites of the Bintan Resorts cherry
GV has three bites of the Bintan Resorts cherry • Land sales – Expected sales in the ranges of 5x ~ 30x book • Utilities – Sole provider of electricity, water, waste management • Resort Services – Ferry tickets – Ferry terminal fees – Fire, security, executive housing, worker accommodation, medical,
Slide 11: Gallant Venture overall landbank
Gallant Venture overall landbank Currently 55 minutes from Singapore 2009 Ferries cut time to 40 minutes 2011 Ferries cut time to 30 minutes 2011 operate from second Singapore terminus at Marina South 2009 implement biometric immigration clearance 2010 inaugurate Helicopter 11 service
Slide 12: Bintan Landbank – Phase 1
Bintan Landbank — Phase 1 a OPMENT MAP RITZ CARLTON —_ BINTAN LAGOON RESORT BINTAN Tg. Tondang TREASURE BAY <t_~\. Land Parcels Sold and Developed [EB (2001 Bay Development [J tana Parcets avaitable [9 seer on services HE townstio BINTAN RESORTS Location Map 12
Slide 13: White Sand Beaches
White Sand Beaches 13
Slide 14: Clean warm seas
Clean warm seas VENTURE 14
Slide 15: Beautiful private coves
Beautiful private coves 15
Slide 16: Long bays and islands
Long bays and islands 16
Slide 17: Rocky headlands
Rocky headlands 17
Slide 18: Four Branded Championship Golf Courses
Four Branded Championship Golf Courses (81 holes) Gary Player, Jack Nicklaus, Greg Norman, Ian Baker-Finch 18
Slide 19: 1,350 existing hotel rooms
1,350 existing hotel rooms 19
Slide 20: 350,000 visitors/year
350,000 visitors/year 20
Slide 21: Bintan Resorts overall site map
Bintan Resorts overall site map 21
Slide 22: A Thoughtful Masterplan
A Thoughtful Masterplan BiNTaN BINTAN RESORTS ReSOris LAND DEVELOPMENT MAP oa MB coucemon a nncnnarion ora) ne ‘oe Sh anne 9 EB re rom, ees BEB) vty art orme cevencouen) a MMB) voresreaesematcn woe | ros bce sno WTA PRESERVATION BBB ronesr senarroe crvesconener Geo Onanact rom pam enennce TREATVENTP
Slide 23: Village Center
Village Center LAGOI BAY
Slide 24: Lagoi Beach Village- A Vibrant Hub
Lagoi Beach Village- A Vibrant Hub 24
Slide 25: Marina in the South China Sea
Marina in the South China Sea Over 3,000 islands in the Riau Archipelago make this a truly spectacular site for a marina 25
Slide 26: Strategic Goals for Land Bank Monetization
Strategic Goals for Land Bank Monetization • Beach Tourism – Rival Phuket and Bali as the destination of choice for beach tourist • Pan Asian Wealth Effect – Increasing wealth allows purchase of vacation or retirement homes in warmer climates to avoid cold winters and pollution • Singapore Lifestyle
Slide 27: Tactical Goals for Land Bank Monetization
Tactical Goals for Land Bank Monetization • Provide the optimum environment for new direct investment into Bintan • Maintain Singapore quality infrastructure • Maintain Singapore quality security and safety record 27
Slide 28: 5-Year CapEx Plan
5-Year CapEx Plan • Lagoi Bay Development infrastructure – $150 mln • New Power Plant – $150 mln • New Airport – $100 mln • New High Speed Ferries – Phase One $35 mln • Upgrade of domestic and international ferry terminals – Phase One $ 5 mln • New Education and Training Campus 28
Slide 29: Summary
Summary • World class beaches – sun sand sea • World class golf and spa • Part of the new Indonesia-Singapore Special Economic Zone • Singapore quality infrastructure • Singapore level of security • Land prices 1-2% of Singapore comparables 29