20 slides from The Generation Essentials's SPAC merger presentation, May 13, 2025
Slide 1: The Generation Essentials Investor Deck
© THE GENERATION ESSENTIALS INVESTOR DECK
Slide 2: Disclaimer
Disclaimer 1 This Presentation contains proprietary and confidential information of The Generation Essentials Group (the “Company”) and Black Spade Acquisition II Co (“Black Spade II”). This Presentation has been prepared to assist interested parties in making their own evaluation with respect to a
Slide 3: Disclaimer (cont'd) Forward-Looking Statements
Disclaimer (cont’d) 2 Forward - Looking Statements This document contains certain forward - looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between the Company and Black Spade II, including statements regarding the benefits of the transa
Slide 4: Creating an integrated global media and entertainment group poised for strong growth
We are creating an integrated global media and entertainment group poised for strong growth through operating synergies, other organic opportunities and M&A EXECUTIVE SUMMARY MANAGEMENT LINE - UP TGE OVERVIEW ENTERTAINMENT MEDIA HOSPITALITY EQUITY INVESTMENTS METRICS & TRANSACTION SUMMARY TRANSACTIO
Slide 5: TGE, a Global Media and Entertainment Ecosystem
TGE, A GLOBAL MEDIA AND ENTERTAINMENT ECOSYSTEM Ou r businesses include: 2024 Revenue $77.0mn (1) Revenue Increase from 2023 81% 2024 Net Income $44.7mn (1) 1 ENTERTAINMENT • Successfully produced and distributed 5 blockbuster movies • Line - up includes box office hits and critically acclaimed film
Slide 6: Premier Management Team
PREMIER MANAGEMENT TEAM
Slide 7: Senior Management
SENIOR MANAGEMENT • 25+ years of experience in the media, fashion and luxury industries • Global Editor - in - Chief, L’OFFICIEL • Part of the Jury/Committee for The Council of Fashion Designers of America, British Fashion Council, Camera Nazionale della Moda Italiana, and International Talent Suppo
Slide 8: Board Members
BOARD MEMBERS • 35 years of experience in research and higher education • Named a Member of the Order of Canada in 2022 • Awarded Knight of the Order of Palmes Academiques by the Republic of France in 2019 • Current Chancellor of the International Business University • Former President, Vice - Presi
Slide 9: Black Spade Acquisition II Senior Management
BLACK SPADE ACQUISITION II SENIOR MANAGEMENT • Independent Director of BSAQ; board member on $23bn VinFast merger • CEO of North East Asia at Richemont, overseeing Cartier, Piaget, and Montblanc operations in HK, Macau & Taiwan • Holds a Bachelor’s in Commerce (Accounting) from UNSW Patsy Chan Direc
Slide 10: Business Segments
BUSINESS SEGMENTS
Slide 11: Entertainment: Demonstrated Capability of Capturing Opportunities
Entertainment Media Hospitality Investments 1. 2. As of Jan 20, 2025, the new movie “The Last Dance” have been released publicly for 73 days, with box office still growing. TGE or its affiliated companies serve as Production or Co - production company of the above movies DEMONSTRATED CAPABILITY OF C
Slide 12: The Art Newspaper: A Dedicated, Global Audience Across Media Platforms
Sources: circulation (internal audit); newsletters (Mailchimp account); web statistics (parse.ly account); podcasts (Acast account); social media (individual accounts — public information) 1. 2. As of November 24, 2024 The Art Newspaper was consolidated into TGE since September 2023 THE ART NEWSPAPE
Slide 13: Diversified and Growing Revenue Streams
DIVERSIFIED AND GROWING REVENUE STREAMS Subscription fee of L’OFFICIEL Archive Cross - over products partnering with partners / brands/ or other business lines of TGE (L’OFFICIEL coffee shops, desserts, hotels) Cross - selling to customers of sister companies within TGE. (e.g. package sale of L’Offi
Slide 14: Lifestyle & Hospitality Concepts
Located in the heart of Singapore's Central Business District, Dao by Dorsett AMTD Singapore features high quality serviced apartment units with excellent connectivity. 2024 Total Revenue (2) $23.1mn (2) 2023 Total Revenue (2) $5.4mn (2) 3.3x Total Growth 30.0% % of Total Revenue in 2024 Source: 1.
Slide 15: Stable Dividend Income from Leading Chinese Regional Banks
STABLE DIVIDEND INCOME FROM LEADING CHINESE REGIONAL BANKS $184mn (2) total market value of the portfolio owned by TGE (3) $8.7mn (4) Dividend income of TGE in FY 2024 1. 2. 3. Based on stock price on January 20, 2025 USD/HKD conversion rate of 7.7821 as January 20, 2025 Comprised of equity stakes i
Slide 16: Metrics & Transaction Summary
METRICS & TRANSACTION SUMMARY
Slide 17: Financial Highlights
FINANCIAL HIGHLIGHTS China (including Hong Kong) Europe Americas 2022 $7.7mn Europe Americas Southeast Asia 2023 $14.4mn China (including Hong Kong) Europe Americas Southeast Asia 2024 $18.9mn Media & Entertainment Revenue by Geography (1) Hong Kong 2022 $3.2mn Hong Kong 2023 $5.4mn Hong Kong Singap
Slide 18: Valuation Summary
VALUATION SUMMARY Sum - of - the - parts methodology with three unique segments: 1. Media & Entertainment Focused on an analysis of competitors in the media and publishing space 2. Premium Hospitality & Properties Third - party valuation reports previously third - party valuation reports previously
Slide 19: Transaction Overview
TRANSACTION OVERVIEW The Generation Essentials Group (“TGE”) has entered into a definitive business combination agreement to combine with Black Spade Acquisition II Co (“BSII”) • TGE expects to be listed on the NASDAQ, NYSE, or NYSE American following successful transaction close • BSII intends to a
Slide 20: Forward-Looking Statements
Forward-Looking Statements This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed transaction between Black Spade Acquisition II Co (“Black Spade II) and The Generation Essentials Group (“TGE”), including statements r