Lenovo Group Limited · HKEX:992
Lenovo — Investor Presentation (August 2024)
11 slides from Lenovo's investor presentation, August 2024
Slide 1: Investor Presentation
Investor Presentation August 2024 2024 Lenovo. All rights reserved.
Slide 2: Disclaimer
Disclaimer This presentation material is being made available on a confidential basis and subject to the following provisions, to a limited number of recipients for the sole purpose of providing information in relation to the Company to assist the recipients in deciding whether they wish to proceed
Slide 3: Disclaimer (Cont'd)
Disclaimer (Cont’d) This presentation material is subject to the disclaimer and qualifications specified herein and each recipient should make its own investigations and analysis and should not act on the basis of any matter specified, discussed or referred to in this presentation material. You ackn
Slide 4: Transaction Overview
Transaction Overview • The Board puts forward the ordinary resolutions including the issuance of a US$2bn zero coupon convertible bond to Alat and 1.15bn warrant issuance for shareholders to consider and vote at the general meeting – On May 29, 2024, Lenovo announced a Strategic Business Transaction
Slide 5: Transaction Overview (Cont'd)
Transaction Overview (Cont’d) Reasons and Benefits 01 Introduction of a long-term strategic partner in the shareholder base with clear strategic benefits • Access the potential business opportunities in the KSA, in the MEA Region, and globally through Alat and the PIF’s investments and affiliations
Slide 6: Transaction Overview (Cont'd)
Transaction Overview (Cont’d) Reasons and Benefits 04 Incremental financial flexibility enables strategic transformation and early market penetration • Additional revenue growth opportunities in a new region • Greater financial flexibility to pursue incremental strategic investments in AI and R&D •
Slide 7: Long-term Win-win Partnership with Alat
Long-term Win-win Partnership with Alat Alat, a wholly owned subsidiary of PIF (1), is a long-term strategic investor with US$100 billion of capital to assist investee companies to grow globally. Alat is partnering with technology leaders across the world to transform industries while establishing w
Slide 8: Attractive Structure and Pricing
Attractive Structure and Pricing Support the Company’s Long-term Growth and Transformation • ~US$2.2 bn from Convertible Bonds and the Warrants (without taking into account exercise of the Warrants) for MEA regional business expansion, supply chain investments and debt refinancing • An extra US$1.8
Slide 9: Convertible Bond – Key Terms Overview
Convertible Bond – Key Terms Overview (i) Lenovo, as issuer Parties (ii) Alat, as subscriber Key Highlights Principal US$2,000,000,000 Amount Maturity Date 3 years from issuance of the Convertible Bonds (subject to extension of three months pursuant to the Terms and Conditions) US$2bn from single lo
Slide 10: Warrants – Key Terms Overview
Warrants – Key Terms Overview Number of Warrants 1,150,000,000 Issuable HK$1.43 per Warrant, which is equal to 15.1% of the reference price, being HK$9.47, which is the average VWAP per Share for the last 30 consecutive Key Highlights Issue Price trading days immediately prior to May 28, 2024 (being
Slide 11: Smarter technology thanks.
Smarter technology thanks. Lenovo