Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Ezra Holdings — Merger or Acquisition (July 2014)
11 slides from Singapore Exchange's merger presentation, July 2014
Slide 1: Consolidation of EMAS Marine with EOC
Consolidation of EMAS Marine with EOC Transforming EOC into one of Asia Pacific’s largest offshore services players July 2014
Slide 2: Notice and Disclaimer
Notice and Disclaimer This Presentation should be read in conjunction with the full text of the Announcement dated 10 July 2014. A copy of the Announcement is available on www.sgx.com. Information in this Presentation is based on selected information extracted from the Announcement dated 10 July 201
Slide 3: Transaction Summary
Transaction Summary Ezra will transfer its Offshore Support Services (OSS) Proposed Consolidation and Offering business and assets to EOC Limited (EOCL) for a consideration of US$520mil, comprising: Proposed Cash + new EOCL shares US$150mil in cash; and Consolidation US$370mil, to be satisfied
Slide 4: Why Consolidate? EMAS Marine & EOC Today
Why Consolidate? EMAS Marine & EOC Today Global fleet with strong presence in the Asia Provider of offshore construction, Pacific OSV market accommodation and production vessels and Diverse client base, providing ship management services in the growing Asia Pacific offshore Operations & Operat
Slide 5: Why Consolidate? Creating a leading offshore support solution provider
Why Consolidate? Creating a leading offshore support solution provider ... Offshore Accommodation Offshore Offshore Support Services & Construction (A&C) Production Large, young and diversified fleet with an Access to a growing offshore FPSO engineering project management and average age of ~5
Slide 6: Why Consolidate? One of the largest offshore support services platforms in Asia Pacific
Why Consolidate? … with one of the largest offshore support services platform in Asia Pacific region One of the youngest and most technologically advanced fleets with deepwater capabilities < 8,000 BHP: 16 vessels Lewek 1 Lewek Conqueror Champion S-Lay Vessel 31 AHT/AHTS > 8,000 BHP: Lewek 15 vessel
Slide 7: Why Consolidate? Other Considerations
Why Consolidate? Other Considerations Provides Subsea Services and OSS Enables Ezra to focus on developing with financial and operational the fast growing Subsea Services independence and direct access while continuing to participate in OSS business (via EOC) and Triyards to equity and debt markets
Slide 8: Pro Forma Financial Impact
Pro Forma Financial Impact Proposed Transaction will significantly improve Ezra’s balance sheet for future growth Total Assets(1) Net Tangible Assets Per Share(1)(2) (US$ bn) (US$ cents) 133 US$3.4 bn EOC Total US$2.9 bn Assets 92 Contribution Before After Consolidation Before After Secondary Sale(3
Slide 9: Conclusion
Conclusion Proposed Transaction will create one of Asia Pacific’s largest offshore services players… Over US$1 billion offshore Established presence in support fleet Asia Pacific 1 2 Over 90% of the OSS and EOC One of the youngest and fleet are in Asia Pacific, a technologically advanced traditi
Slide 10: IR Contact
IR Contact For Investor and Analyst Enquiries Mr Eugene Cheng +65 6590 8088 Email: ir@emas.com For Media Enquiries Mr Alex Tan +65 6512 8824 Email: ir@emas.com 9
Slide 11: Ezra Group Overview
Ezra Group Overview 100.0% 100.0% 45.7% 67.0% Subsea Services Offshore Support Services Production Engineering + Fabrication Comprehensive offshore Owns, operates and manages Separately listed on the Oslo Separately listed on the SGX- seabed-to-surface installation a young and diverse fleet