Singapore Post Ltd. · SGX:S08
Singapore Post — Merger or Acquisition (December 2024)
9 slides from Singapore Post's merger presentation, Dec 2, 2024
Slide 1: Proposed Sale of SingPost Australia Investments Pty Ltd
Proposed Sale of SingPost Australia Investments Pty Ltd 2 December 2024
Slide 2: Disclaimer
Disclaimer The following presentation contains forward looking statements by the management of Singapore Post Limited ("SingPost“ and together with its subsidiaries the “SingPost Group”) relating to financial trends for future periods, compared to the results for previous periods. Some of the statem
Slide 3: Completion of Strategic Review of the Australia Business
Completion of Strategic Review of the Australia Business SingPost Board’s strategic review of the SingPost Group’s portfolio of businesses in March 2024 delivered key initiatives to enhance and unlock value for shareholders Impact on Group’s Strategic Direction The Board conducted a subsequent strat
Slide 4: Transaction Overview
Transaction Overview ▪ On 2 December 2024, SingPost agreed to sell SingPost Australia Investments Pty Ltd which holds 97.1% of the Summary issued share capital of Freight Management Holdings Pty. Ltd. (“FMH”) to Pacific Equity Partners (“PEP”) at an enterprise value of A$1.02bn (approximately S$897.
Slide 5: Illustrative Financial Effects
Illustrative Financial Effects Before the After the Before the After the Net Tangible Assets Proposed Proposed Earnings Per Share Proposed Proposed Disposal Disposal Disposal Disposal Net assets (S$m) 1,421.0 1,719.3 Net profit attributable to ordinary 78.3 363.8 shareholders (S$m) Less: Intangibles
Slide 6: Timeline for Completion
Timeline for Completion Key Closing Conditions Estimated Timeline SingPost Shareholders’ Approval 2 Dec 2024 Announcement of Proposed Divestment ▪ SingPost to convene an EGM in accordance with Rule ✔ 1014(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Around
Slide 7: Use of Proceeds
Use of Proceeds Expected Proceeds Use of Proceeds Gross Proceeds Debt Repayment A$775.9m A$362.1m (approx. S$682.8m) (approx. S$320.8m)(1) Enterprise value of A$1.02bn (S$897.6m) Special Dividend Gain on disposal of S$312.1m will be considered in due course (1) A$362.1m (approximately S$320.8m) rela
Slide 8: Conclusion
Conclusion Proposed Disposal: SingPost has entered into an agreement to divest its 97.1% stake in ✔ FMH to PEP Maximised Returns: Enterprise value of A$1.02bn (S$897.6m); proceeds of A$775.9m ✔ (S$682.8m); expected gain of S$312.1m - unlocking significant value for shareholders Strengthened Balance
Slide 9: Thank You
Thank You For the full details, please refer to the SGX Announcement dated 2 December 2024 on “Proposed Sale of SingPost Australia Investments Pty. Ltd.” Making Every Delivery Count for People and Planet
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