Sm Prime Holdings, Inc. · PSE:SMPH

Sm Prime — Investor Presentation (May 2013)

14 slides from Sm Prime's investor presentation, May 2013

  1. Slide 1: Positioning SM Prime for the next stage of growth

    Positioning SM Prime for the next stage of growth Company Briefing May 2013

  2. Slide 2: Disclaimer

    Disclaimer This Company Presentation (the “Presentation”) has been prepared by SM Prime Holdings, Inc. (the “Company”) solely for information purposes. The Presentation is not intended to form the basis of, and should not be relied upon to make any investment decision or any decision to purchase or

  3. Slide 3: The SM Group is poised to embark on its next phase of growth

    The SM Group is poised to embark on its next phase of growth 2003-Today Diversified 2006 – 2012 2003 1985-2002 Malls  Opened SM Mall of Asia (“MOA”) on 60-ha of reclaimed land 1994  Opened an SMX convention center, two E-Com office buildings, and SM Arena within the MOA complex 1985 SMDC  Launche

  4. Slide 4: To enable this, SM Group is embarking on a highly transformational transaction

    To enable this, SM Group is embarking on a highly transformational transaction for its real estate businesses 1 Residential 2 3,4 Hospitality & Leisure Commercial 1 Hospitality & Leisure Malls ASSETS 3,4 Commercial, Hospitality & Leisure 3 SMIC’s Real Estate Assets 5 Hospitality & Leisure ¹ Tender o

  5. Slide 5: Transaction will create an integrated real estate platform

    Transaction will create an integrated real estate platform Lifestyle   Opportunity to optimize existing Malls projects and landbank Cities   Greater flexibility to undertake large scale mixed-use developments   Enhanced ability to take advantage Tourism Residential of attractive growth opportu

  6. Slide 6: Proposed transaction

    Proposed transaction Current Proposed structure Sy Family / Other Sy Family / Other SM Group SM Group 36.1% 63.9% New SM Land 65.2% 41.0% Including SM Land’ assets 20.9% 21.7% 100.0%3 15.0% 20.2% 100.0%3 54.9%1 Unlisted real estate 100.0% companies and assets2 Unlisted real estate companies and asse

  7. Slide 7: SM Prime transformed – Key figures in a snapshot

    SM Prime transformed – Key figures in a snapshot Actual Pro-forma/Aggregated Php377.0 billion 59% Php599.1 billion Total appraised value of Real Estate assets7 Total appraised value of Real Estate assets 7 Php148.1 billion 92% Php284.1 billion Total book assets1 Total book assets 1,4 Php30.7 billion

  8. Slide 8: SM Prime transformed – Key figures in a snapshot (cont’d)

    SM Prime transformed – Key figures in a snapshot (cont’d) FY 2012 Pro forma Revenue breakdown1 Shopping mall, commercial and hotel & Residential conventions development 60% 40% Total pro forma revenue: Php57.4 billion1 1 Based on unaudited results, pro forma adjustments for tender offers by SM Land,

  9. Slide 9: Transaction merits

    Transaction merits 1 Transform SM prime into the Property benchmark in the Philippines In US$mm [~13.4]1 11.9 11.0 10.7 10.4 8.3 7.6 5.1 3.9 Pro forma 2 Simplify corporate structure and increase 3 Further strengthen balance sheet and provide organizational efficiencies enhanced fund raising flexibil

  10. Slide 10: The Enlarged SM Prime will pursue a multi-pronged growth strategy

    The Enlarged SM Prime will pursue a multi-pronged growth strategy A multi-pronged long term growth strategy 1 Leverage the integrated platform to drive value Focus on core products and markets 2 3 4 5 6 Lifestyle Malls Residential Commercial Hospitality Cities & Leisure Embark more on Continue to ro

  11. Slide 11: Enlarged SM Prime will develop more Lifestyle Cities going forward...

    Enlarged SM Prime will develop more Lifestyle Cities going forward... MOA Complex SM Sea-side Complex SM Arena SMX Convention Center FourE-com Center Mall of Asia OneE-com Center Conrad Hotel TwoE-com Center Existing Upcoming 64-hectares of reclaimed land fronting Manila Bay 30-hectare master-planne

  12. Slide 12: … and continue focusing on high quality recurring income generation from mall operations

    … and continue focusing on high quality recurring income generation from mall operations A Continue aggressive roll out of mall development pipeline  2 Philippine malls (GFA of ~215,000 sqm) Philippines (GFA mm sqm) China (GFA mm sqm) and 2 China malls (GFA of 694,000 sqm) planned to be completed i

  13. Slide 13: Capital expenditure program to support growth

    Capital expenditure program to support growth Business Segment 2013 Capex plan % of total Gearing (Net debt/Equity) 1 Shopping mall Php35.0 billion 58% 57% 40% Residential Php20.2 billion 33% Actual 3 Pro-forma 2,3 Commercial Php2.9 billion 5% Hospitality, Tourism Strong recurring internally generat

  14. Slide 14: Positioning SM Prime for the next stage of growth

    Positioning SM Prime for the next stage of growth Company Briefing May 2013

SM Prime Holdings — Investor Presentation (May 2013) on 6ix