Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Noble Group — Investor Presentation (June 2016)
7 slides from Singapore Exchange's investor presentation, Jun 3, 2016
Slide 1: Investor Update
DRAFT: WORK IN PROGRESS Investor Update 3 June 2016
Slide 2: Agenda
DRAFT: WORK IN PROGRESS Agenda 1. Introduction 2. Proforma Liquidity Analysis 3. Next Stage of Capital Recycling and SAO Reduction Initiatives 4. Sale of Noble Americas Energy Solutions 5. Fully Underwritten US$500 million Rights Issue 6. Business Focus Going Forward 2
Slide 3: Proforma Liquidity Analysis
DRAFT: WORK IN PROGRESS Proforma Liquidity Analysis § 2016 debt maturities addressed following completion of the refinancing of the revolving credit facilities and US borrowing base facility in May 2016, and redemption of Thai baht bond in April 2016 § 2017 refinancing risk eliminated following comp
Slide 4: Next Stage of Capital Recycling and SAO Reduction Initiatives
DRAFT: WORK IN PROGRESS Next Stage of Capital Recycling and SAO Reduction Initiatives Capital Recycling Delivering on § Implement next stage of recycling capital out of low return businesses and into high return growth franchises commitment to refocus capital resources on our § Sale of low return as
Slide 5: Sale of Noble Americas Energy Solutions
DRAFT: WORK IN PROGRESS Sale of Noble Americas Energy Solutions § Market leading commercial & industrial Contribution by Business as % of Business Group Operating Income from Supply electricity retail provider with strong Profile management team Chains FY2015(1) Noble § Strong prospects but limited
Slide 6: Fully Underwritten US$500 million Rights Issue
DRAFT: WORK IN PROGRESS Fully Underwritten US$500 million Rights Issue Rights Issue Term Sheet Rights offering terms Issuer Noble Group Limited (NOBL SP) Type of offering Rights Issue Offer size (approx.) US$522m Ratio: rights share(s) for existing share(s) 1 for 1, subject to shareholder approval N
Slide 7: Business Focus Going Forward
DRAFT: WORK IN PROGRESS Business Focus Going Forward § Businesses to be aligned by region and product § Capital to be allocated to highest return and growth franchises in accordance with asset light strategy § Co-CEO's to split geographical and product responsibilities Noble Group Co-CEOs Will Randa