Petronas Chemicals Group Bhd. · MYX:PCHEM
Petronas Chemicals Group Bhd — Merger or Acquisition (May 2022)
16 slides from Petronas Chemicals Group Bhd's merger presentation, May 18, 2022
Slide 1: Analyst Briefing: Acquisition of 100% Equity Interest in Perstorp Holding AB
PETRONAS CHEMICALS GROUP BERHAD ANALYST BRIEFING = 18 May 2022 ACQUISITION OF 100% EQUITY INTEREST IN _ PERSTORP HOLDING AB
Slide 2: Disclaimer
Disclaimer PETRONAS Chemicals Group Berhad (“PCG’), its subsidiaries and related corporations confirm that care has been taken in ensuring the accuracy and correctness of information, statements, text, articles, data, images and other materials contained and appearing in this presentation and the as
Slide 3: Today's presenters and management team in attendance
Today's presenters and management team in attendance ®©® © ® Mohd Yusri Mohamed Yusof Mohd Azli Ishak Yaacob Salim Managing Director/CEO Chief Financial Officer Head Strategic Planning & Ventures Presenter Presenter Presenter © @®@ ®® Mohd Kabir Noordin Shakeel Ahmad Khan Akbar Md Thayoob Todd Nelma
Slide 4: Green & brown fields project M&A
Green & brown fields project M&A Green Open
Slide 5: Open
Open
Slide 6: Stenungsund Site, Sweden
❖ ❖ ❖ ❖ ❖ ❖ ❖ ❖ ❖ Stenungsund Site, Sweden ❖ Open
Slide 7: Open
Open
Slide 8: Perstorp fits as a growth platform for PCG to expand its Specialty Chemicals portfolio
Perstorp fits as a growth platform for PCG to expand its Specialty Chemicals portfolio MARKET EXPOSURE TALENTED PEOPLE Perstorp’s portfolio is within PCG’s preferred Experienced management team and end markets such as Paints & Coatings, employees of Perstorp pivoting towards Construction, Automotive
Slide 9: Sustainability-focused transition will accelerate PCG's sustainability efforts
With sustainability-focused transition at the core, the acquisition will accelerate PCG's sustainability efforts Adherence to Agreements & Sustainability Trends ai Bac ans Financial Sector Customer & Market Expectations Raw Material Broad Set of Sustainability Initiatives FINITE BF) ee MATERIAL ; ;
Slide 10: Open
Open
Slide 11: Acquisition Details
Acquisition Details Group structure upon completion of the Aggregate price following preliminary due diligence and acquisition risk assessment (Base Purchase Price = EUR1,538.0 million (equivalent to RM7,018.7 million) Agreed % per annum for the period from 31 December 2021 ("Locked-box Date’) to th
Slide 12: Valuation multiples
▪ Perstorp 8.3 x Average 10.9 x ▪ ▪ Min 6.9 x Max 15.7 x Average 8.1 x Min 6.1 x Max 9.8 x Open
Slide 13: Gearing pre and post acquisition
- 0.4% ▪ + 4.2% ▪ ▪ 0.063 x 0.063 x ▪ 31-Dec-21 Post acquisition Open
Slide 14: Open
Open
Slide 15: Next Step: Approvals / Consent process
Next Step : Approvals / Consent process The Proposed Acquisition is subject to the following being obtained: 1. Approval of the shareholders of PCG for the Proposed Acquisition at an extraordinary general meeting to be convened; and 2. Antitrust clearances in certain jurisdictions. * The application
Slide 16: Q&A
Be> . —* PETRONAS Q&A
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