Yoma Strategic Holdings Ltd. · SGX:Z59
Yoma Strategic — Merger or Acquisition (March 2007)
36 slides from Yoma Strategic's merger presentation, Mar 5, 2007
Slide 1: Acquisition of Zhong Bei Building
Acquisition of Zhong Bei Building 05 March 2007
Slide 2: Agenda
Agenda Corporate Overview Acquisition of Zhong Bei Building Zhong Bei Building Market Analysis Projects Gallery Questions & Answers 2 2
Slide 3: Forward-Looking Statements
Forward- Forward-Looking Statements This presentation contains forward-looking statements which can be identified by the context of the statement and generally arise when Yoma is discussing its beliefs, estimates or expectations. Such statements include projections, forecasts, and plans and objectiv
Slide 4: About Yoma Strategic Holdings Ltd
About Yoma Strategic Holdings. Ltd Emerging YSH is a leading property group in Myanmar. Market Play Diversified Its range of businesses include property development, construction and piling services, and project management Business and design services in Myanmar Portfolio Affiliate of It is an affil
Slide 5: Proposed Acquisition of Zhong Bei Building
Proposed Acquisition of Zhong Bei Building 5 5
Slide 6: Rationale for Acquisition of Zhong Bei Building
Rationale for Acquisition of Zhong Bei Building Strategic plans Strategic plans to toundertake undertakereal realestate estateprojects projectsoutside outside ofMyanmar of Myanmarandandto tolaunch launchnew newproperty propertydevelopments developments inthe in thenear nearfuture, future, Enablethe
Slide 7: Post-Acquisition Share Structure
Post- Post-Acquisition Share Structure Delight Result Allied Win 100%* Limited Global 25% 75%# # Inter- Inter-Conditional to WSI • Rights Issue • SGX & Shareholders’ approval * Subjected to • Additional Fund-Raising • SGX & Shareholders’ approval 7 7
Slide 8: Summary of Acquisition
Summary of Acquisition For the Acquisition of Winner Sight Investments Limited (“WSI”), the Company has entered into the following: WSI Sale & Purchase Agreement DRL Sale & Purchase Agreement A conditional sale and purchase A conditional sale and agreement to acquire from Allied purchase agreement t
Slide 9: Proposed Rights Issue
Proposed Rights Issue One-for-onerights One-for-one rightsissue issueat atissue issueprice priceof ofS$0.12 S$0.12each each Proposedtotoissue Proposed issueup uptoto425.8 425.8million millionRights RightsShares Shares Expectedtotoraise Expected raisegross grossproceeds proceedsof ofup uptotoS$51.1 S
Slide 10: Zhong Bei Building
Zhong Bei Building Location: No.128 Jin Ma Road in the Dalian ETD Zone 10 10
Slide 11: Zhong Bei Building
Zhong Bei Building • Property is located in the heart of Dalian Economic & Technological Development Zone • Comprises of two towers each of 22-storey high, with Zhong Bei a 3-storey retail podium and one level of basement car park Building • Property is presently semi-completed with only structure a
Slide 12: Key Statistics
Key Statistics Project Key • Total Site Area: 21,635.50 sq. m Statistics GFA Total GFA: 104,154.20 sq. m (i) Retail Podium:: 34,817.63 Breakdown (ii) Tower Block (Office & Apartment): 58,499.52 (Sq m) (iii) Basement Car Park: 10,837.05 Level Gross Floor Area (Sq m) 1 17,546 2 9,536 Retail Podium 3 7
Slide 13: Market Positioning
Market Positioning • Development is likely to be one of the best quality Iconic Building project in the Dalian Economic Development Zone High End Serviced Apartments With Integrated Facilities Top Grade A Offices Lifestyle Mall with Middle and High End Retails, Restaurants & 13 13 Entertainment
Slide 14: Top Grade A Office
Top Grade A Office • Existing high-quality tenants of Grade-B office • Companies that have offices in the Downtown Area Target Market • Tenants currently located in the industrial area • Companies that are new to the ETD Zone especially ones in the financial and service industries • Advantages not o
Slide 15: Serviced Apartments
Serviced Apartments • Expatriate executives and Top Level staff of Target Market International enterprises • High Quality Facilities Competitive • Modern Design, Comfortable Environment Advantage • Advanced Living & Business Services • As the development of the ETD Zone progresses, more foreign comp
Slide 16: Retail Space – Target Customers
Retail Space – Target Customers Target • People who are living and/or working in the ETD Zone Customers Catchment Target Consumer Requirements Primary Business people & residents who are living Supermarket; Community and/or working within 5-10 mins’ walking Service; Fitness Club; distance Restaurant
Slide 17: Retail Space – Trade Mix
Retail Space – Trade Mix • Imported foods and/or a well known hypermarket • Middle & High-end restaurants and entertainment Trade Mix • Middle & High-end brand shops • Community service facilities such as banks, clinics, saloons, dry cleaning, travel agents, etc Proposed Trade Mix Percentage F&B 40%
Slide 18: Key Targets
Key Targets Target Completion 18 months Period • Serviced Apartments: 18,498 Estimated • Offices: 23,159 Leaseable GFA (Sq m) • Retail: 18,203 Targetted 65% Occupancy in Year 1 upon Occupancy Rate* completion * Company Estimates 18 18
Slide 19: Market Analysis
Market Analysis Source : 19 19
Slide 20: Office Building Supply in Dalian
Office Building Supply in Dalian ETD ETD ETD Source: 20 20
Slide 21: Rental Overview
Rental Overview Source: 21 21
Slide 22: Grade A Office Rental
Grade A Office Rental The office rental of Grade A office in Dalian includes: • The rental of top Grade A office buildings is between RMB4.75 – 6.6/sqm/day. Service charge is between Rental RMB24 – 36/sqm/mth • The rental of middle level Grade A office buildings is between RMB2.1 – 3.3/sqm/day. Serv
Slide 23: Office Supply in ETD Zone
Office Supply in ETD Zone Zhong Bei Building Source: 23 23
Slide 24: Favourable Conditions
Favourable Conditions Market • Office market in the area is stable, ETD Zone has an existing good mix of various industry, which offers good Stability & opportunity for office development Limited Supply • Presently, there are only 3 dedicated office buildings Lacks of Top (Rongtong Mansion, Kerren B
Slide 25: Supply of Serviced Apartments in Dalian
Supply of Serviced Apartments in Dalian • Existing serviced apartments are of two types: - Serviced apartments within hotels - Independent serviced apartments • Majority are only for rent 25 Source: 25
Slide 26: Serviced Apartments in ETD Zone
Serviced Apartments in ETD Zone • Average rental of existing supply is approx RMB5/day/sqm • Average occupancy is approx 78% • Typical users of high quality serviced apartments in the ETD Zone are management of foreign enterprises 26 Source: 26
Slide 27: Development Opportunities
Development Opportunities • Average occupancy rate suggests that there is still Strong strong demand for serviced apartments. The preferred Demand lodging for management level and foreign employees is high-end, quality services and integrated facilities Lacks of • The area has a lack of high-end wit
Slide 28: Retail Supply in Dalian
Retail Supply in Dalian Source: • Total retail stock currently is 2,413,000 sqm (GFA of projects over 4,000 sqm) • Retail stock consists of shopping centres, department stores, supermarkets and specialty shops including building materials, furniture, electronics, etc • Estimated increase in retail G
Slide 29: Existing Retail Supply in ETD Zone
Existing Retail Supply in ETD Zone Source: 29 29
Slide 30: Existing Spread of Retail in ETD Zone
Existing Spread of Retail in ETD Zone Zhong Bei Building • Existing total stock of retail space is about 392,000 sqm • Comprises of department stores, shopping centres, furniture and consumer electronics stores and retail podium space • Average occupancy rate is approx 91% with and average rental of
Slide 31: Future Supply of Retail in ETD Zone
Future Supply of Retail in ETD Zone Zhong Bei Building Source: 31 31
Slide 32: Key Findings
Key Findings • Current retail GFA per capita in ETD Zone is 1 sqm Market compared to 1.6 sqm in other major cities. This Potential presents a good potential to absorb future supply of retail space even based on its existing population • Mainly targeting middle income market Existing Retail • Consist
Slide 33: Project Experiences of Yoma & Affiliates
Project Experiences of Yoma & Affiliates 33 33
Slide 34: Abdulrahim Place
Abdulrahim Place Key Statistics: Development Period: 1994 – 1996 No. of Storey: 34 Leaseable Space: 48,000 sq m Type: Grade A Office Current Occupancy Rate: > 90% 990, Rama IV Road, Bangkok, Thailand 34 34
Slide 35: Evergreen Condominium
Evergreen Condominium Key Statistics: Development Period: 2003 (Ongoing) No. of Units: 228 Saleable Space: 54,720 sq m Type: Condominium Unit Size: 1,673 to 2,451 sq ft 35 35
Slide 36: The End Questions & Answers Thank You
The End Questions & Answers Thank You www.yomastrategic.com 36 36
Yoma Strategic Holdings — Merger or Acquisition (March 2007) on 6ix