Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Silverlake Axis — Shareholder Meeting (October 2017)
15 slides from Singapore Exchange's shareholder meeting presentation, Oct 26, 2017
Slide 1: FY2017 Pre-AGM Briefing
FY2017 Pre-AGM Briefing 26 October 2017
Slide 2: Today's Agenda
Today’s Agenda 1 FY2017 Financial Updates 2 Business Updates 3 Proposed SPE Acquisitions 2
Slide 3: FY2017 Key Financial Highlights
FY2017 Key Financial Highlights Revenue Gross Profit Other Income RM506.4 mil RM277.2 mil RM807.9 mil (FY16: RM636.3 mil, (FY16: RM383.9 mil, (FY16: RM19.7 mil, 20%) 28%) 4007.0%) Net Profit Profit Before Tax Net Profit RM160.7 mil RM947.5 mil RM846.0 mil* (excl GIT Share Sale & mark-to- market acco
Slide 4: FY2017 Revenue by Business Activities
FY2017 Revenue by Business Activities 450.0 Full Year FY2017 400.0 388.7 346.2 Full Year FY2016 350.0 300.0 250.0 200.0 150.0 127.9 100.1 100.0 50.0 39.1 29.7 25.2 26.8 18.8 20.1 3.4 16.7 0.0 Maintenance & Software Project Software Insurance Credit and Cards Sale of Software Enhancement Services Lic
Slide 5: Business Updates
Today’s Agenda 1 FY2017 Financial Updates 2 Business Updates 3 Proposed SPE Acquisitions 5
Slide 6: Core Banking New Customer Wins
Core Banking New Customer Wins Awarded SIBS Implementation Project by a Non-banking Financial Institution in Thailand Awarded SIBS Implementation Project by a Full-service Bank in Thailand Awarded SIBS Implementation Project by Thailand's Leading Housing Finance Lender Awarded SIBS Implementation Pr
Slide 7: Merimen Insurance Platform: Leadership in Asia
Merimen Insurance Platform Leadership in Asia Taiwan Hong (2018) Kong (2017) Thailand Philippines Asia’s Top (2015) (2016) Global Top 10 Insurance Vietnam (2016) Claims Processing Software- & Management as-a-Service Malaysia (HQ) Solution Provider (2000) (SaaS) Singapore Company (2006) Indonesia (20
Slide 8: Cyber Village Ventures into InsurTech
Cyber Village Ventures into InsurTech Awarded Digital Collaboration Platform Project by an Insurance Trade Association in Malaysia • Deliver innovative digital collaboration platform for the life insurance and takaful insurers in Malaysia Launched Hospital Claims Portal for a Global Insurance Compan
Slide 9: Proposed SPE Acquisitions
Today’s Agenda 1 FY2017 Financial Updates 2 Business Updates 3 Proposed SPE Acquisitions 9
Slide 10: SAL Synergistic Acquisitions Since 2010
SAL Synergistic Acquisitions Since 2010 2010 2011 2013 2014 2015 Symmetric Merimen Finzsoft Silverlake Solutions Silverlake Payments & Group Symmetri Solution (Solutions for Banks (Structured Software Integration (Insurance Claims & & Financial Retail Banking (Enterprise Payment Policies Processing
Slide 11: Proposed Acquisition to Strengthen SAL as Fintech Innovation Accelerator
Proposed Acquisition to Strengthen SAL as Fintech Innovation Accelerator Share sale and purchase agreement (“SPA”) to acquire 3 Silverlake Private Entities (“SPE”) signed on 20 October 2017 Silverlake Digital • Owns Silverlake Fintech Banking Platform & Economy Sdn Bhd offers Banking-as-a-Service ca
Slide 12: Ownership of the Target Entities
Ownership of the 3 Target Entities • Mr. Goh Peng Ooi, SAL Group Executive Chairman has a 70% stake in each of the Target Entities through Silverlake Investment Ltd (“SIL”) • Minority Sellers / Management comprise the remaining shareholders of each of the Target Entities 12
Slide 13: Rationale for the Proposed Acquisitions
Rationale for the Proposed Acquisitions • To strengthen SAL’s position as Fintech Innovation Accelerator • To enhance SAL digital platform offerings for financial services innovations and collaborations • To extend SAL’s financial services ecosystem in banking and non-banking sectors 13
Slide 14: The SPEs were Identified to be a Strategic Acquisition Fit
The 3 SPEs were Identified to be a Strategic Acquisition Fit SDE has a good digital SDE banking fit and value High Alignment with Silverlake Axis FinTech Roadmap Digitale enhancement potential – since this One Paradigm addresses SAL’s gaps in (Technical Compatibility) Digital Banking Platform offeri
Slide 15: Consideration for the Purchase
Consideration for the Purchase • The consideration took into account the operating track record and future potential of the Target Entities, and is directly linked to their respective Net Profit After Tax (NPAT) performances Base Earn-out Consideration Consideration • Fixed base consideration is a •