Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Shareholder Meeting (January 2015)
28 slides from Yoma Strategic's shareholder meeting presentation, Jan 6, 2015
Slide 1: Extraordinary General Meeting 6th January 2015
EXTRAORDINARY GENERAL MEETING 6TH JANUARY 2015 PRESENTATION TO SHAREHOLDERS
Slide 2: Agenda
AGENDA Recent Developments Interested Person Transactions Proposed Rights issue 2
Slide 3: Recent Developments
RECENT DEVELOPMENTS
Slide 4: Star City
STAR CITY Healthy take-up rate: 95% of the units launched in Star City have been taken up1 Zone D Zone C Future FY2H15 plan 1Including those with booking deposits 2Excludes A1 and A2 which are not part of Yoma Strategic 5
Slide 5: Star City Zone C
STAR CITY ZONE C Zone C Subsequent collaboration with the third party investor after Zone B Agreement to sell the LDRs for future development and manage the construction and sale of 950 apartment units to buyers Recorded US$20 million (S$25.2 million) as the consideration for the sale of the L
Slide 6: Star Residence A5
STAR RESIDENCE A5 Strong leasing demand for A5 66 out of 150 units have been furnished and leased out Remaining units are to be furnished and made available for leasing 1 Information as at 30 Sept 2014 6
Slide 7: Pun Hlaing Golf Estate (PHGE)
PUN HLAING GOLF ESTATE (PHGE) One of the most desirable residential areas in Yangon 652-acre residential 8 miles west of Yangon. 18-hole Gary Player signature golf course 7
Slide 8: PHGE's Sales Update as at Sept 2014
PHGE’S SALES UPDATE AS AT 30 SEPT 2014 Rose Garden Villas Rose Garden/Lotus Garden Villas 6 out of 26 houses sold House Area: 4,163 – 7,067 sq t Site Area: 8,568 – 11,323 sqft Bamboo Grove 12 out of 12 houses sold House Area: 6,784 sq ft Site Area: 7,708 – 10,138 sqft Fairway Villas Bamboo Grove 1 o
Slide 9: The Residence Pun Hlaing
THE RESIDENCE PUN HLAING Strong leasing demand for the serviced apartments 16 furnished apartments including 2 penthouses have been leased out 9
Slide 10: PHGE - Upcoming Launch
PHGE - UPCOMING LAUNCH Launched in Nov 2014: 12 Canal View, 10 Garden Place, 18 Lotus Terrace Remaining 20 Garden Place, Lotus Hill and Lotus Golf Villas will be launched in FY2015 12
Slide 11: Bringing KFC to Myanmar
BRINGING KFC TO MYANMAR KFC targets middle-class future Myanmar's first KFC restaurant to open in 2015
Slide 12: ADB's Financing Facility
ADB’S FINANCING FACILITY A loan of up to US$100 million approved by The Asian Development Bank (ADB) The US$100 million ADB loan will comprise two tranches of US$50 million each The first US$50 million is earmarked for three projects (i) Construction and leasing of telecom towers by Myanmar To
Slide 13: 2020 Vision
2020 VISION Real Estate Investments (including Agriculture Luxury Automotive Retail/F&B (Telecoms, Construction and & Logistic Tourism Elevator) Education) Expand existing businesses Conglomerate approach to build a diversified portfolio of businesses in Myanmar Target - 50% of the business to be no
Slide 14: Interested Person Transactions
INTERESTED PERSON TRANSACTIONS
Slide 15: Landmark
LANDMARK Proposed variations to the proposed acquisition of 80% interest of the Landmark Development (“Landmark”) – Existing leases of c. 24 – 26 years (sits on 2 plots of land) Rationale of the variations: – Prime Location, heart of downtown Yangon – First mover advantage in securing good retai
Slide 16: Landmark
LANDMARK 2 million sq ft (Gross Floor Area) Executive serviced apartment 5-star hotel (Peninsula) Grade-A office towers 5-star luxury condominium building Retail Podium Business hotel Branded Residences *Based on the latest development and subject to change 16
Slide 17: Landmark
LANDMARK Our International Partners (as announced) IFC The Hongkong and Shanghai Hotels ADB Mitsubishi Corporation Mitsubishi Estate 17
Slide 18: PHGE
PHGE Proposed acquisition of economic interest in LDRs in Pun Hlaing Golf Estate and the operating rights of PHGE Golf Course & Country Club (“PHGE”) - 4.0 acres of LDRs of the Land Adjacent to Hospital for commercial development - 34.5 acres LDRs of remaining Land in PHGE for commercial and resid
Slide 19: PHGE
PHGE Agreed Price Proposed proportion to Agreed price Post Proposed Acquisitions Acquisition Site Area the proposed US$ psf acquisition (Interest) interest (Interest) (million) LDRs Relating to Land 0.18 million sq ft S$14.31 100% 65 100% Adjacent to Hospital (4.03 acres) (US$11.46) Economic Interes
Slide 20: PHGE
PHGE DAING SU VILLAGE LDRs currently held by Yoma Strategic (B) LDRs Relating to School Land (A) LDRs Relating to Land Adjacent to Hospital (C) & (D) LDRs Relating to PHL Land (E) Economic Interests in LDRs in respect of Pun Hlaing the Remaining LDRs International. (F) Economic Interests in the Oper
Slide 21: Key Revenue Driver
KEY REVENUE DRIVER FMI City Pun Hlaing Golf Estate Sales commenced 1995, nearly Completed Sales commenced 2002, 10-15 more years Star City Landmark Development Sales commenced 2012, 8-10 more years Target completion in 2017/2018 The acquisitions will strengthen our position as one of the leading dev
Slide 22: CPCL
CPCL Proposed acquisition of 100% interest in Convenience Prosperity Co.,Ltd (“CPCL”) – CPCL is an authorised dealer of New Holland tractors and farm equipment – Branches and/or dealerships in 10 cities throughout the country – Broad customer base consisting of government ministries, agribusinesse
Slide 23: Proposed Rights Issue
PROPOSED RIGHTS ISSUE
Slide 24: IPTs & Proposed Rights Issue
IPTS & PROPOSED RIGHTS ISSUE Proposed 1 for 3 renounceable non-underwritten rights issue of up to 432.5 million1 Rights Shares at an issue price of S$0.38 for each Rights Share. The Issue Price of S$0.38 represents a discount of 44.1% to the closing price of S$0.68 per Share on the SGX-ST as at
Slide 25: IPTs & Proposed Rights Issue
IPTS & PROPOSED RIGHTS ISSUE Interested Person Transactions Ratios for the proposed rights issue Approved at S$0.38 for each rights share Landmark PHGE 1 for 3 rights issue CPCL Scale Down Options*: 2 for 9 rights issue PHGE (Maximum Scenario) 1 for 8 rights issue Landmark (Minimum Scenario) CPCL Co
Slide 26: IPTs & Proposed Rights Issue
IPTS & PROPOSED RIGHTS ISSUE The Proposed Rights Issue is conditional upon the approval of the Proposed Variations to the Proposed Landmark Acquisition OR the Proposed Acquisition of PHGE and PHGE Golf Course & Country Club. The Proposed Whitewash Resolution is conditional upon the approval of t
Slide 27: Indicative Timetable of Key Events of the Rights Issue
INDICATIVE TIMETABLE OF KEY EVENTS OF THE RIGHTS ISSUE 6 January 2015, Tuesday EGM 7 January 2015, Wednesday Last day for foreign shareholders to provide CDP/Share registrar with Singapore addresses 9 January 2015, Friday Last day shares trade “cum rights” 12 January 2015, Monday First day shares tr
Slide 28: Thank You
YOMA STRATEGIC HOLDINGS LTD. THANK YOU
Yoma Strategic Holdings — Shareholder Meeting (January 2015) on 6ix