Investor Presentaiton
Strategic Initiatives
Funding Program
Update on Transformation Plan
(E) Pro -
Event
(A)
Announced
(B) Status
FY19
March 2019
(C)
Variance
(C=B-A)
(D)
Forma
Contracted /
Variance
Committed
(E=C+D)
LPKR Rights
Issue
LPKR Rights Issue
$730m
$787.5m
$58m
$58m
Asset
Sale of Myanmar
$20m
$20m
Divestment
healthcare JVS
Proceeds from sale of
Lippo Mall Puri
$260m
($260m)
$260m
Comments
SOLIPPO
PT LIPPO KARAWACI TOK
.
Investment by anchor investors for over $230m
Strong shareholder response to rights issuance
indicate renewed confidence in LPKR
Sale of Myanmar healthcare joint ventures
completed in April 2019
Sale of Lippo Mall Puri delayed in the regulatory
strata titling process, long-stop date for
completion of sale extended to 31 Dec 2020
Subtotal
$1,010m $807.5m
($202m) $260m
$58m
Deleveraging
Bond tender and loan
repayments
($275m)
($186m)
$89m
$89m
• Bond tender completed in March 2019, total of
$8.67m of bonds was tendered
.
$75m bond repayment completed in August
.
$50m UBS-DB syndicated loan repayment
completed in March 2019
•
• Other bank loans were paid down in 1H19
Shore Up
Liquidity Buffer
($288m)
($164m)
Liquidity
Working Capital
($27m)
($54m)
Generate
Investment in LPCK/
($320m)
($188m)
$124m ($165m)
($27m) ($40m)
$132m ($130m)
($41m)
($67m)
$2m
Returns
Meikarta & Puri Mall
LPCK rights issuance completed in July 2019,
$188m invested
transaction
Investment in existing ($100m)
pipeline projects
($48m)
$52m
($93m)
($41m)
$48m have been invested into existing pipeline
projects
Subtotal
($1,010m) ($640m)
$370m ($428m)
($58m)
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