Oci Nv · EURONEXT:OCI
Oci Nv — Merger or Acquisition (September 2024)
12 slides from Oci Nv's merger presentation, Sep 10, 2024
Slide 1: OCI Global: Sale of OCI Methanol to Methanex
OCI Global Sale of OCI Methanol to Methanex 10 September 2024
Slide 2: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by OCI N.V. (the "Company"). By accessing and reading the Presentation you agree to be bound by the following limitations: This Presentation does not constitute or form a part of, and should not be construed as, an offer for sale or sub
Slide 3: Strategic Review
Col Strategic Review
Slide 4: Strategic Review
Strategic Review ~USD 11.6 billion expected tax-free gross proceeds crystallized from four transactions • Four transactions since December 2023 mark a transformational juncture for OCI • Highly successful outcome to a multi-faceted strategic review demonstrating superior internal execution capabilit
Slide 5: Sale of OCI Methanol to Methanex
Sale of OCI Methanol to Methanex 5
Slide 6: Sale of OCI Methanol - Transaction Summary
Sale of OCI Methanol - Transaction Summary • Methanex to acquire 100% of OCI Methanol (currently owned 85% by OCI and 15% by ADH/ADQ) in a cash and stock transaction for a total enterprise value consideration of USD 2.05 billion Structure • Adjusting for net indebtedness and leases, OCI will receive
Slide 7: Sale of OCI Methanol - Strategic Rationale
Sale of OCI Methanol - Strategic Rationale Outstanding strategic fit for two highly attractive businesses with strong industrial logic • Transaction marks a further transformative step to crystalize value for OCI shareholders • Enhances Methanex’s portfolio with highly attractive assets in a low-ris
Slide 8: Transaction EV to OCI Expected Net Proceeds Bridge
Transaction EV to OCI Expected Net Proceeds Bridge OCI expects to receive ~USD 1.2 billion net proceeds from the Transaction USD 2.05 billion ~USD 1.6 billion ~USD 1.2 billion Cash ~USD 1.15 billion Methanex stock ~USD 450 million Transaction EV 50% share of Implied ADH/ADQ Outstanding Gas Other Exp
Slide 9: Resultant Financial Profile Affords OCI Significant Flexibility
Resultant Financial Profile Affords OCI Significant Flexibility Recent transactions significantly bolster balance sheet capacity and maximize strategic optionality • Cumulative expected gross proceeds and incremental ~USD 11.6 billion cashflows through OCI Methanol closing provide OCI Methanol mater
Slide 10: Appendix
Col Appendix
Slide 11: Natgasoline LLC Joint Venture
Natgasoline LLC (“Natgasoline”) Joint Venture • The sale of OCI Methanol’s indirect 50% stake in the Natgasoline joint venture (“Natgasoline”) as part of the Transaction is subject to the resolution of a lawsuit concerning certain shareholder rights that has been filed in the Delaware Court of Chanc
Slide 12: Q&A
Col Q&A