Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Merger or Acquisition (November 2019)
14 slides from Yoma Strategic's merger presentation, November 2019
Slide 1: Strategic Partnership with Ayala Corporation
STRATEGIC PARTNERSHIP WITH AYALA CORPORATION
Slide 2: Commentary on the Landmark Partnership
COMMENTARY ON THE LANDMARK PARTNERSHIP The partnership with Ayala is hugely significant as the Yoma Group plans for the future. Ayala’s leadership position and well-run operations in each of their key business lines across real estate, financial services, fintech, energy and others provide a roadmap
Slide 3: Summary of the Transaction
SUMMARY OF THE TRANSACTION Strategic partnership with Ayala Corporation 1 • Ayala’s portfolio of leading businesses overlaps with many of Yoma Strategic’s core business pillars, providing a clear road map for growth • Common partners across various business units, e.g. Tokyo Century, etc. • Mr. Fern
Slide 4: The Philippines' Economic Growth Offers a Useful Reference for Myanmar
THE PHILIPPINES’ ECONOMIC GROWTH IN THE PAST DECADE OFFERS A USEFUL REFERENCE FOR MYANMAR’S NEXT PHASE OF DEVELOPMENT US$ Million US$ Ayala Corp Market Cap (US$ Million) 14,000 CAGR (2008 -2018) Phillipines GDP per capita (current US$) 10,000 9,000 12,000 Philippines GDP per Capita 6.0% 8,000 Ayala
Slide 5: Similar Favorable Demographics Support Long Term Economic Growth
SIMILAR FAVORABLE DEMOGRAPHICS SUPPORT LONG TERM ECONOMIC GROWTH Growth in urban population Young population Rising middle class 80 70 60 Yangon’s Percentage 50 population is 40 expected to 30 Urban reach 10 20 Rural 10 million by 0 2030 2000 2010 2020 2030 2040 2050 2060 Healthy economic growth Phi
Slide 6: Ayala's Diversified Portfolio of Businesses
AYALA’S DIVERSIFIED PORTFOLIO OF BUSINESSES INCLUDING FOUR COMPANIES LISTED ON THE PHILIPPINES STOCK EXCHANGE REAL ESTATE FINANCIAL SERVICES TELECOMMUNICATIONS WATER UTILITIES c.US$10.6 billion c.US$5.3 billion c.US$1.0 billion c.US$7.0 billion Market Cap Market Cap Market Cap Market Cap POWER & TRA
Slide 7: Ayala Land Provides Road Map for Yoma Land's Growth
AYALA LAND PROVIDES ROAD MAP FOR YOMA LAND’S GROWTH 1960-1970 1988 1991 2007 2018 c.US$10.6 billion Started with Real estate business 1988Listed on the Developed several Landbank of >1 billion market cap and Makati Central spun off from Ayala SpunPhilippines Stock off to grow large-scale mixed use s
Slide 8: Highly Connected Markets, Ready for Mobile Money Growth
HIGHLY CONNECTED MARKETS, READY FOR MOBILE MONEY GROWTH Myanmar Philippines Myanmar Philippines Mobile 124.2 57mn Subscription mn (105%) Large Unbanked (116%) Population >80% >70% Internet 21mn 76mn Users (39%) (71%) Smartphone 65% Active Social Penetration 85% Media Users 21mn 76mn (39%) (71%) High
Slide 9: Leverage GCash Experience to Grow Wave Money
LEVERAGE GCASH EXPERIENCE TO GROW WAVE MONEY GCash is the Philippines's What you can do with GGash? leading mobile wallet Joint venture between Globe Telecom, Ant Financial and Ayala Corporation • 20 million registered users as of February 2019 • Outstanding Partner for Digital Transformation and In
Slide 10: Yoma Strategic and AC Energy Partnership in Renewable Energy
YOMA STRATEGIC AND AC ENERGY FORMED A PARTNERSHIP TO TARGET MYANMAR’S RENEWABLE ENERGY SECTOR PROPOSED JOINT PARTNERSHIP STRONG REGIONAL • Establishing a 50:50 joint venture STRONG LOCAL TEAM TRACK RECORD • US$ 30 million commitment from AC Yoma Micro Power (YMP) nearing Stellar reputation and exper
Slide 11: Strengthens Financial Capacity to Accelerate Growth in Core Businesses
STRENGTHENS FINANCIAL CAPACITY TO ACCELERATE GROWTH IN CORE BUSINESSES Yoma Strategic will issue up to 474.68 million primary shares to Ayala for a total consideration of up to US$155 million representing c.20% of the enlarged issued and paid-up share capital The transaction will be divided into two
Slide 12: Creating a Stable Shareholder Base
CREATING A STABLE SHAREHOLDER BASE THAT BETTER REFLECT THE LONG-TERM TENOR OF OUR STRATEGY Ayala will become Yoma Strategic’s second largest shareholder after the Pun family. The two largest shareholders will hold a c.47% interest in the Company and share a long-term view of both Yoma and Myanmar Pr
Slide 13: Repegs Valuation of Yoma Strategic
REPEGS VALUATION OF YOMA STRATEGIC • The Issue Price of S$0.45 per share represents a 37.7% premium over the volume weighted average price of the shares traded on 12 S$ November 2019. Net asset value 0.3679 (30 September 2019) • Values Yoma Strategic at a market capitalization of over S$1 billion (p
Slide 14: Questions & Answers
STRATEGIC HOLDINGS LTD. QUESTIONS & ANSWERS
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