Kirin Holdings Co. Ltd. · TSE:2503
Kirin — Merger or Acquisition (August 2015)
8 slides from Kirin's merger presentation, Aug 20, 2015
Slide 1: Acquisition of shares in Myanmar Brewery Limited
Acquisition of shares in Myanmar Brewery Limited August 20th, 2015 Kirin Holdings Company, Limited
Slide 2: Transaction Overview
Transaction Overview Kirin Holdings Company, Limited ( “Kirin” ) announces the acquisition of 55% shares in Myanmar Brewery Limited ( “MBL” ), which holds an approximately 80% market share in Myanmar beer market. ■ Kirin has acquired 55% of total outstanding shares in MBL, a major brewer in Myanmar,
Slide 3: Transaction Scheme
Transaction Scheme Before After Thai Thai Beverage Beverage The default on the contract was admitted. ↓ Thai Beverage acquired F&N in 2013. MEHL appointed KHSPL as the nominee. ↓ ↓ Arbitration about a default on the MBL JV contract between F&N and MEHL KHSPL has directly acquired 55% shares from F&N
Slide 4: Overview of MBL
Overview of MBL ■ Product mix Company Myanmar Brewery Limited name Headquarters Yangon, Myanmar High-alcohol Beer: Incorporation 1995 Economy Beer: 0.4% approx. 10% Capital 142 million MMK (Myanmar Kyat) Shareholder Kirin Holdings Singapore Pte Ltd 55% and ownership ratio Myanma Economic Holdings Li
Slide 5: Strategic Rationale
Strategic Rationale This transaction provides Kirin with its business base in Myanmar, a promising market in the fast-growing Southeast Asia market. Kirin Group’s core business base of beer and soft drink in Southeast Asia Kirin has acquired a majority share in MBL China Resources Kirin Kirin (Chi
Slide 6: Overview of Myanmar
Overview of Myanmar Myanmar is an attractive market because its economy has been growing at a GDP rate of 7-8% in recent years, its population is over 51 million, and the demographic pyramid shows huge younger-aged group. The market entry of foreign companies into Myanmar is rapidly increasing d
Slide 7: Myanmar Beer Market
Overview of Myanmar Beer Market The beer market size in Myanmar is 2.1 million HL now (Kirin estimate), and CAGR in the last 3 years was 38%. The per capita consumption of beer is no more than 3.7 liters now, and it is very likely that consumption of beer will be increasing due to the economic g
Slide 8: This material is intended for informational purposes only
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