Tiger Group Investments. Busan, Korea November 2010

Transcription

1 Tiger Group Investments Busan, Korea November 2010

2 Creating Value for our Partners and Ourselves Tiger Group Investments is a private investment firm focused exclusively on making control investments in the maritime and energy industries Proven track-record of creating value in our businesses throughout the market cycle; taking advantage of the capital markets to maximize shareholder returns Substantial franchise in Asia, with key capabilities in financing, local relationships and deal structuring

3 Portfolio Overview Tiger Group Investments Leading containership lessor US$ 6b Assets Asset Backed Lending/Mezzanine Heavy-lift transportation and marine construction Leading PRC dry, chemicals and containership lessor US$ 700m Assets Ocean going tugs

4 Seaspan Corp. One of the worlds leading independent containership owners Seaspan Corp. charters containerships pursuant to long-term, fixedrate time-charters to major liner companies, primarily in Asia Currently owns a large modern fully contracted fleet of 69 vessels, all on long-term, fixed rate charters to take advantage of the stable cash flow and high utilization rates that are associated with long-term time charters Currently one of the largest providers of assets into China Seaspan Corp. contracts in services from Seaspan Ship Management, which is 100% owned by Tiger / Washington Group and has a 150 strong person team with locations in Vancouver, Mumbai, Shanghai, Busan and Hong Kong Value added by Tiger: Tiger built the company during the Asian crises, leveraging its relationships in both China and Korea Tiger started a joint-venture 50/50 with the Washington Group Through use of debt capital markets, built 23-vessel private company; Korean ECA s were an important factor in Seaspan s growth, as have Samsung and Hyundai as its principal ship builders Created path to liquidity through IPO in 2005; Tiger pioneered first synthetic MLP achieving a 13.0x EV/EBITDA valuation Tiger and Washington Group invested US$200m in a convertible preferred of Seaspan in 2009 to fund growth

5 Greathorse Shipholdings Ltd Greathorse is a Shanghai based company, formed in 1997, to own and lease ships to Chinese SOEs and industrial end users The fleet comprises 14 vessels in the dry bulk, chemicals and container sectors. Eight vessels have been delivered, and six will be delivered between end of 2010 and Greathorse has its own dedicated management team, based in Shanghai, providing technical and commercial management services Value added by Tiger: Tiger built the company in 2004, leveraging its strong relationships with PRC banks, shipyards and industrial end-users Tiger is in process of adding material growth to Greathorse through a number of acquisition opportunities Greathorse will be positioned with US$ 1 billion of assets by 2012, ready for multiple value enhancing opportunities

6 SeaTiger Capital SeaTiger Capital provides asset-intensive companies, active in the energy and transportation markets, with access to debt and equity capital, allowing these companies to achieve their full potential SeaTiger has a local market presence, through its sponsor s network in over 20 countries, including locally staffed offices in the Americas, Europe and Asia. SeaTiger s and its sponsors onthe-ground presence and industry expertise makes it possible for the firm to source, develop and capture off-market opportunities across companies capital structures that include Value added by Tiger and Seacor: SeaTiger s sponsors include Seacor Holdings Inc. which owns, operates, invests in and marketing equipment, in the offshore oil and gas, industrial aviation and marine transportation industries and Tiger Group Investments Wide geographic coverage and expertise in a large number of industry verticals

7 Tiger Investment Professionals Graham Porter is Chairman of Tiger and one of the founders of Seaspan Corporation (NYSE: SSW) In addition to Seaspan, Graham has been responsible for building Greathorse in China, Pacific Offshore and Seabridge in Canada, and MCRS out of the UK. He sits on the Board of MC Shipping and is involved in several non-profit organizations Graham graduated in 1992 with a degree in business from the University of British Columbia in Vancouver, BC, Canada Julian Proctor is Managing Director of Tiger and based in Hong Kong Prior to Tiger, Julian held several positions at BNPP Fortis (Hong Kong and New York), most recently as Head of Group Corporate Development and a member of the management team in the Asia-Pacific. Prior to BNPP Fortis, he worked for the corporate and principal finance teams of ABN AMRO and MeesPierson in London. Julian s banking career began at N.M. Rothschild & Sons Julian holds an M.Litt. from St Andrews and a B.Sc. from the London School of Economics. He holds a CFA, and is a member of the HKSSA. He has completed executive management programs at both MIT and IMD Jack Sun is Managing Director of Tiger and based in Hong Kong Prior to Tiger, Jack was First Vice President at DnB NOR in New York and responsible for the PRC market; prior to that, he worked at American Marine Advisors, a New York based shipping investment banking firm, with responsibility for China. His career began working in international trade for China National Machinery I/E Corp. (one of China s largest trading companies); he then became a Project Manager at International Marketing of Sericol International (a division of Burmah Castrol) in the UK Jack holds a B. Eng. from Xian Jiaotong University and an MBA in Finance/International Strategy from Yale

8 Tiger Investment Professionals (continued) Sean Hoel is Managing Director of Tiger Sean is previously the founder of IAF Corp, a transportation asset purchase/sale facilitator and investor focusing on shipping and aviation. Prior to IAF Corp. Mr. Hoel served as Chief Acquisition Officer of ICON Capital Corp, a New York based Asset Leasing Company using an Income Fund structure Mr. Hoel is an Officer of the Royal Norwegian Naval Command (1991), and holds a Bachelors Degree in Finance (UW,1994), Law School (University of Oslo, 1996) as well as a Masters Degree in Finance (SU,1998) Lawrence Fan, Manager Before Joining Tiger, Lawrence was an Associate at Lehman Brothers/Nomura s investment banking division in Hong Kong. From 2004 to 2006, he worked at the Equity Research Department of China International Capital Corporation Limited (CICC), focusing on the Chinese aviation sector. He also had over two years of audit/internal audit experience with KPMG Shanghai and Pacific Antai Life Insurance Co., Ltd. Lawrence holds a B.E. degree from Shanghai Jiaotong University (2001) and an MBA degree from the Yale School of Management (2008) Jonathan Lau, Manager Prior to Tiger, he was an Analyst at Deephaven Capital Management In Hong Kong. Jonathan started his career with BNP Paribas with the Loan and High Yield Capital Markets team in New York covering Private Equity and Corporate Clients. Jonathan holds a B.S. from University of Southern California and studied East Asian Studies at Columbia University

9 Tiger is headquartered in Hong Kong Tiger Group Investments 1401 Jardine House, 1 Connaught Place, Central, Hong Kong Phone: Fax: reception@tigergroup.hk