A u g u s t 2 0 1 6
The Straits Trading Company Limited
Corporate Profile
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Disclaimer
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The information contained in this presentation (the "Presentation") is for information purposes only. The Presentation does not constitute or form part of any offer or invitation to sell or the
solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities of The Straits Trading Company Limited (the “Company”) or any
other securities, nor shall any part of the Presentation or the fact of its presentation or communication form the basis of, or be relied on in connection with, any contract, commitment or
investment decision in relation thereto.
The information in this Presentation is based on the views of and certain assumptions held by the management of the Company. While the Company has made reasonable efforts to ensure the
accuracy of the information, the Company has not independently verified such information. In addition, the Company does not make any representation or warranty as to the accuracy or
completeness of the information contained in this Presentation or the reasonableness of any assumptions contained herein and any liability in respect therefore is expressly disclaimed.
The information in this Presentation has been provided by the Company and speak as of 23 June 2016, and are subject to change without notice or update. The Company does not make any
representation or warranty that there have been changes in the affairs of the Company after such date.
This Presentation may contain forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy
for growth, expected performance, trends, anticipated developments in the Company’s industries, market position, expenditures, and financial results, are forward-looking statements. Forward-
looking statements are based on certain assumptions and expectations of future events. The Company does not guarantee that these assumptions and expectations are accurate or will be
realized. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and
assumptions. Although the Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met. These
factors include, but are not limited to, (i) general global, regional and local political, social and economic conditions (including, but not limited to, factors such as the political landscape,
environmental conditions and viral epidemics such as human avian flu and severe acute respiratory syndrome) that may result in reduced occupancy rates and room rates for the hospitality
investments of the Company or affect the other investments of the Company, (ii) the cyclical nature of the property market and tourism industry in the countries in which the Company operates
and fluctuations in tin prices, (iii) the Company not being successful in the implementation of its business strategies or in managing its growth, (iv) regulatory developments and changes in the
industries in which the Company operates, the general economic condition of, and changes in, the economy in Asia-Pacific and Europe, (v) competition in the hospitality industry and the
hospitality-related industry in the Asia-Pacific and Europe region, (vi) hostilities (including future terrorist attacks) or fear of hostilities that affect travel in general, within or to the Asia-Pacific
region or any other countries in which the hospitality investments of the Company are located or have operations, (viii) changes in the supply and demand for tin metal, (vii) changes in the price
of tin as a result of speculation, (viii) changes in interest rates or inflation rates, (ix) wars or acts of international or domestic terrorism, (x) occurrences of catastrophic events, natural disasters and
acts of God that affect the business or properties of the Company, and (xi) other factors beyond the control of the Company. You are cautioned not to place undue reliance on these forward-
looking statements, which are based on current view of the Company's management on future events.
This Presentation includes statistical data provided by us and various third parties and cites third party projections regarding growth and performances of the industry and markets in which we
operate. Such data is taken or derived from information published by industry sources, various third parties and from our internal data. In each such case, the sources are identified in this
Presentation.
This Presentation is directed only at persons which are not “U.S. persons” as defined under Regulation S of the U.S. Securities Act of 1933 and, in addition, which are lawfully able to receive this
document under the laws of the jurisdictions in which they are located or other applicable laws.
REAL ESTATE • HOSPITALITY • RESOURCES © Copyright 2016, The Straits Trading Company Limited. All rights reserved.
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Real EstateReal Estate
Investment TrustHospitality
STC will leverage on these platforms and make appropriate future investments to develop engines of growth
89.5% 20.1% *11.2% 30.0%
Since Tecity Group’s takeover of The Straits Trading Company Limited (“STC”) in 2008, STC has been transformed into a major
player in real estate, hospitality and resources, with investments that span the Asia-Pacific region.
�One of the largest
real estate fund
managers in the
region
�One of the largest
REITs in Singapore
with ownership
interests in prime
commercial and
retail properties
Resources
�89.5% owned co-
investment vehicle
with 10.5% owned by
John Lim family office
(up to S$950m total
commitment)
�One of the largest
hospitality operators in
the region with around 90
properties and over
13,000 rooms under
management
STC’s real estate ecosystem
� The second largest
producer of refined
tin metal in the
world
54.8%
* Aggregate interest at Tecity Group of companies
New investments that complement these platforms
Asset / Fund
Management
STC Group – A Diversified Investment Company
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Chew Gek Khim (Executive Chairman)
Chew Gek Hiang (NI & NE Director) David Goh (NI & NE Director)
• Executive Director and Head of Finance at Tecity Group
• Serves on advisory panel of GST Review Board
• Accountant by training; member of Institute of Chartered
Accountants in England and Wales since 1990
• CIO and Chief Strategist at Tecity Group
• Former adjunct associate professor of Finance at NTU and investment
analyst with Great Eastern Life
• Holds M.Sc. from MIT and is a CFA Charter holder
Yap Chee Keong (NI & NE Director)
• Over 25 years of experience in general management,
M&A and finance
• Former advisor and CFO at SingPower Group
• Fellow of ISCA and CPA Australia & SID
Dr Gary Weiss (ID)
• Executive Director of Ariadne Australia Ltd
• Former Executive Director of Guinness Peat Group plc and served on
the Boards of several ASX-listed companies, including Westfield
Holdings Limited
• Extensive experience in international business and cross-border M&A
Tham Kui Seng (ID)• Highly experienced in the real estate sector
• NE Director of Global Logistics Properties Ltd, Sembcorp Industries
Ltd and Banyan Tree Holdings Ltd
• Board member of Singapore Land Authority
• Former Chief Corporate Officer of CapitaLand and Director of Raffles
Medical Group Ltd
Timothy Chia (Lead ID)
Tan Tiong Cheng (ID)
• 40 years of experience in the real estate sector
• Executive Chairman of Knight Frank Pte Ltd
• Independent Director of Heeton Holdings Ltd and UOL Limited
• Fellow Member of the Singapore Institute of Valuers and Surveyors
and a member of the Valuation Review Board
• Ms. Chew was earmarked and groomed by her grandfather, the late
Tan Sri (Dr) Tan Chin Tuan to head the Tecity Group
• Deputy Chairman of ARA Asset Management Ltd, Chairman of ARA
Trust Management (Suntec) Ltd, and Malaysia Smelting Corporation
Berhad, Board Member of SGX and serves on the board of SIC of
Singapore
• Chairman of Hup Soon Global Corporation Limited
• ID of Banyan Tree Holdings Ltd and F&N Ltd
• Advisory Council Member of ASEAN Business Club
• Former Senior Adviser to EQT Funds Management Ltd
Note: NI stands for non-independent; NE stands for Non-Executive; ID stands for independent director
Board of Directors are Industry Veterans
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Recent History Demonstrates STC’s Ability to Create
and Unlock Value
2 0 1 0 2 0 1 5
Acquisition of
20.1% stake in
ARA
Formation of Straits
Real Estate Pte. Ltd.
Monetised Straits
Trading Building for
S$450m; crystallised
cumulative
gain of S$373m
Joint venture with
a member of Far
East Organization
• 30% stake in sizable
hospitality operator
• Operational turnaround
• World’s 2nd largest
supplier of refined tin
• Well positioned to
benefit from potential tin
price recovery
2 0 1 4
• Divestment of non-tin
assets and refocused on
core tin business
• Improved profile & liquidity
with SGX secondary listing
REAL ESTATE
High-quality but
low-yielding real
estate portfolio
HOSPITALITY
Small-scale niche
operator
RESOURCES
Variety of
resources
investments
Transformed
into a dynamic
growth
platform
Continuous
divestment of low-
yielding residential
properties
2 0 1 32 0 1 22 0 1 1
• STC emerged as the largest shareholder in WBL with a
c.41% stake after a share swap with two institutional
investors
• Triggered an MGO and finally accepted a competing
general offer
S$508m of shareholder
value unlocked and
reinvested into new
businesses
INVESTMENTS
Passive 17%
stake in WBL
REAL ESTATE • HOSPITALITY • RESOURCES © Copyright 2016, The Straits Trading Company Limited. All rights reserved.
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Strong Foundations Laid for STC Group
STC’s foundation of growth rests upon:
� Strong business network to originate
deals for our portfolio companies
� Strong and patient capital with a
highly disciplined investment
framework
� Highly experienced management
team with strong execution track
record
� Commitment to high standards of
corporate governance and strong
business ethics
Business Network & Connectivity
Management Expertise
Corporate Finance and M&A Capabilities
Good Governance & Business Ethics
ResourcesHospitality
S T C G r o u p
• 30% JV with Far
East Orchard
• Investment in Far
East Hospitality
Trust
Asset / Fund
Management
Real Estate
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STC’s Major Shareholder
Major Shareholder
The Cairns Pte Ltd (Tecity Group)
70.0%1
� The Tecity Group was founded by the late banker and
philanthropist Tan Sri (Dr) Tan Chin Tuan
� The Tecity Group comprises a 70% stake in The Straits Trading
Company Limited; a privately held investment arm, Tecity
Management; and a philanthropic arm, The Tan Chin Tuan
Foundation
� The Tecity Group manages an active global investment portfolio
with a philosophy centered on the principles of its founder. It
prides itself in being a responsible partner and desirable
employer
� The Tecity Group is headed by Ms Chew Gek Khim, granddaughter
of the founder
Note:
1. Based on disclosures in STC’s FY2015 Annual Report
Overview of The Tecity Group
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SUNTEC REIT ARA STRAITS REAL ESTATE
� Private fund
management
� REIT management
� Real estate
management services
� Maximise yield
� Look to attractively
divest remaining
assets
� Redeploy capital into
SRE
*11.2%
• Direct real estate
investments
• Other real estate
opportunities
SRE Capital________________________
• Investing in real estate and
infrastructure related
securities
20.1% 89.5% 100%
� Ownership of income-
producing real estate
assets
� Prime commercial and
retail portfolio in
Singapore central
business district
EXISTING PROPERTY
PORTFOLIO
� Total capital commitment of $950 million
Assets managed externally by ARA Property Management (where applicable)
Managed by ARA
CAPITAL DEPLOYED
STC’s Real Estate Ecosystem
*Aggregate interest at Tecity Group of companies
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� A platform to pursue growth opportunities for the hospitality management and
ownership businesses
� Hotel management contracts provide recurring fee income
� Ownership of hotel assets provides capital appreciation
Exposure to Wide Spectrum of Assets Across the
Real Estate Space
� An investment vehicle that seeks out higher returning real estate investment
opportunities globally
� Can invest directly in physical assets, in structured real estate backed securities,
seed real estate funds, or fund real estate operating platforms
� Recurring income from REIT securities and trading through SRE Capital, that invests
in a diversified portfolio of real estate equities in Asia Pacific
� A leading integrated real estate fund manager with revenues from managing REITs,
private real estate funds, and providing real estate management services and
corporate finance advisory services
� Rental income provides recurring income
� Platform for value-accretive acquisitive growth
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Straits Real Estate Pte. Ltd. (“SRE”) is a real estate investment company that seeks out real
estate related investments and opportunities globally. SRE was incorporated in November
2013 with a capital commitment of up to S$950 million.
• Seek to deploy capital into medium-to-high returning
real estate investment opportunities across global markets
• Strong commitment and support from shareholders and
strategic partners to carry out investment strategy
• High degree of flexibility to invest in direct real estate and
real estate backed instruments and securities
Straits Real Estate Pte. Ltd.
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SRE Capital Pte. Ltd.
SRE Capital Pte. Ltd. (“SRE Capital”), a wholly-owned subsidiary of SRE, is a Singapore-
based asset management company that specialises in investing in publicly listed real
estate and infrastructure related securities within the Asia Pacific region.
Vision• To be a leading investment manager of real estate related
securities in Asia Pacific
• Aim to maximise returns for investors through creating
and executing value-added strategies
Mission
Deliver returns commensurate with core and core-plus
commercial real estate markets in Asia Pacific through listed
securities space while managing market volatility inherent in
listed public securities.
REAL ESTATE • HOSPITALITY • RESOURCES © Copyright 2016, The Straits Trading Company Limited. All rights reserved.
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Management Team at Straits Real Estate
Desmond Tang (Chief Executive Officer)
Andy Lim (Director, Business Development)
Manish Bhargava (Director, Research and Trading)
• Works with CEO to develop and implement growth opportunities
and investments
• Executive Director of John Lim Family Office (JLFO), responsible for
sourcing, structuring, negotiating and executing the group’s
investments
• Formerly Head of Research and Trading at APN’s Asian Real Estate
Securities business, including ARA Asian Asset Income Fund
• 13 years experience in real estate investment
• Experienced Fund Manager responsible for conducting research and
investing in Asian real estate securities
Stephen Ray Finch (CEO/CIO)• Over 34 years of experience in securities trading and fund management
• Formerly CEO and Director at ARA Strategic Capital/APN Funds Management
(Asia), fund manager of ARA Asian Asset Income Fund
• Financial Adviser to 9 out of 13 REITs listed in Singapore as well as landmark
REIT listings in Malaysia, Thailand and China
Adeline Fong (Director, Asset Management)
Lai Jing Dong (Director, Investments)
• Over 18 years of experience in regional real estate development, asset
and fund management
• Formerly Assistant Director for Asset Management with Alpha Investment Partners
• Adept in optimising asset returns across various fund strategies
• Focused on sourcing and executing real estate transactions
• Former Vice President at The Carlyle Group where he established its real estate
presence in South East Asia and Australia
• Former Executive Director in Real Estate Principal Investment at Goldman Sachs
Japan
Goh Yah Huay (Director, Finance)• 20 years experience in Accounting, Controllership, Financial Planning &
Analysis
• Formerly Vice President of Finance at Straits Trading responsible for
finance function at Hospitality Division
• Strong track record of identifying and evaluating business and financial
challenges
• Over 23 years of experience in real estate investment and management
• Formerly Co-Head and Managing Director of Alpha Investment Partners
• Strong track record executing various strategies across markets and
property sectors
Straits Real Estate
SRE Capital
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STC’s Partners Are Leading Players
Straits Real Estate ARA Asset Management Far East Hospitality
Holdings
STC: 89.5% stake
(up to S$850m commitment)
Mr John Lim: 10.5% stake
(up to S$100m commitment)
Profile of John Lim:
• Mr Lim has been the Group Chief
Executive Officer and Executive
Director of ARA since its
establishment in 2002
• Under Mr Lim’s leadership, ARA’s
assets under management (“AUM”)
has grown to S$28.9 billion (as at 1Q
2016)
STC: 20.1% stake
Mr John Lim: 19.25% stake
Cheung Kong: 7.83% stake
Profile of Cheung Kong Group:
• Cheung Kong Group is a property
development and strategic investment
company
• It is one of the largest developers in
Hong Kong of residential, commercial
and industrial properties
• About one in seven private residences
in Hong Kong were developed by the
company
STC: 30% stake
Far East Orchard: 70% stake
Profile of Far East Orchard:
• Far East Orchard is a member of
Far East Organization, Singapore’s
largest private property developer
• Far East Orchard has a diversified
portfolio focusing on property
development, hospitality real
estate development and
management and the healthcare
real estate space
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Straits Real Estate - Investment Portfolio
114 William Street OfficeSGD 58.7 mm*
Suntec REITSGD 120.0 mm*
ARA Harmony Fund IIISGD 72.8 mm*
Summit Development FundSGD 100.0 mm*
Chongqing Retail MallSGD 103.0 mm*
Greater Tokyo Office FundSGD 80.0 mm*
Chongqing
Tokyo
Australia
Melbourne
Malaysia
Singapore
*Committed or invested equity in SGD equivalent
Japan Residential PortfolioSGD 77.2 mm*
Osaka
ARA Harmony Fund IIISGD 72.8 mm*
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SRE Investment – Maiden Investment in Chongqing
Chongqing Retail
Mall
Retail development in Chongqing, China
� Property is a 82,000 sqm development that is directly linked to the subway station
� Part of a large mixed-use development with residential buildings, offices and a
hotel
Artist impression – Garden Concept in AtriumArtist impression – External facade
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ARA – Award Winning Premier Real Estate Fund Manager
� 20.1% owned associate of STC, ARA is one of the largest real estate fund managers in the region, with
S$29.7 billion of AUM (as at 2Q2016)
� ARA manages REITs and private funds in key markets of Asia with a diversified portfolio spanning the office,
retail and industrial sectors; and provides real estate management services
Beijing Oriental Plaza, Beijing China
Managed by Hui Xian REIT Manager
Suntec City, Singapore
Managed by Suntec REIT Manager
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FEHH – STC’s JV Hospitality Operating Arm
� FEHH, STC’s hospitality joint venture with Far East Orchard, manages a combined hospitality portfolio of over 90
hotels and serviced apartments with more than 13,000 rooms under management across 25 locations
� FEHH owns a stable of nine unique and complementary hospitality brands
Rendezvous Hotel Singapore Adina Apartment Hotel Berlin, Germany
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Leading
supplier of
tin metal
globally
� One of the world’s leading suppliers of refined tin metal
� Listed on the Main Market of Bursa Malaysia since 1994, with a
secondary listing on SGX-ST
� Custom tin smelting facility in Butterworth Penang, Malaysia and open
pit mining of tin in Perak, Malaysia
� Producer of premium high-purity refined tin (“MSC Straits”)
Malaysia Smelting Corporation - A Leading Supplier of
Refined Tin Metal
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Develop engines of growth by leveraging on STC’s real estate ecosystem and
resources platforms
Nurture the real estate and resources platforms to grow the businesses and the
recurring revenue streams
Optimise capital productivity through deploying capital from the divestments of
low-yielding assets to higher returning real estate opportunities
Continuously developing and enhancing the synergies within the STC real
estate ecosystem
Identify investments that are able to leverage on the platforms to generate
complementary revenue streams and profit for STC
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The STC Strategy