The global investment banking advisor for Asia The global investment banking advisor for Asia September 2021 Experts in Asian M&A The global investment banking advisor for Asia 2021 marks 25 years of providing high-quality M&A advice Where we are Key facts We deliver global coverage for our clients from BDA’s own platform #1 Cross-border Asian sellside M&A advisor London 1996 Founded and led since then by the same team New York Seoul Shanghai Tokyo Bankers across three continents Hong Kong 100 Mumbai Ho Chi Minh City Singapore 9 Offices globally 2 Strategic partners Our services How we are organized We provide M&A advisory services for: Divestitures Acquisitions Capital raisings Chemicals Consumer Healthcare & Retail Debt advisory & restructuring transactions Valuations Industrials Services Technology 1 On the ground, with local relationships BDA Partners is #1 for Asian cross-border private sellside M&A No other firm has built the same scale, focus, connectivity and deal flow in Asia Private, cross-border Asian sellside transactions up to US$1bn EV of last five years (2016–2020) Highlights Rank Advisor # of Deals 80% of transactions involved either the sale/acquisition of an Asian asset, an Asian buyer or an Asian seller 1 34 80% of M&A transactions with BDA as sellside advisor 2 32 75% of M&A transactions were cross-border 3 31 60% of sale to a strategic buyer vs 40% of sale to financial sponsors 4 27 Long-established Asian presence 5 26 Coverage across Asia 60+ bankers in Asia 6 25 7 countries Seoul 2002 Tokyo 25 years of relationship- Shanghai 2002 1998 7 24 building Hong Kong 2000 8 22 Mumbai 2005 Ho Chi Minh City 2014 9 21 Singapore We reach Asian buyers 1996 10 19 120+ assets sold to Asian buyers 20,000+ calls made to Asian buyers 600+ transactions with Asian participation Note: (1) Target headquartered in China, India, Japan, Korea or Southeast Asia; Control transactions: i.e. a majority stake sold or acquired | Sources: Dealogic 2 Worldwide reach in the middle market A recognized global M&A platform Cross-border excellence Experts in cross-border M&A Regularly honored as a top investment banking advisor 2020 Investment Banking Firm of the Year Divested 100% stake to Divested 100% stake to Agreed to be acquired by Cross-Border Deal of the Year 2019 Cross-border Investment Bank of the Year 2021 2021 2021 Corporate Deal of the Year Investment Banking Firm of the Year 2018 Divested China phenolic resins Divested Compart Systems to Divested majority stake to Divestiture Deal of the Year (>US$100m) plant to Telecommunications Services Deal of the Year Cross-Border Deal of the Year (US$10m-US$25m) 2021 2020 2020 Cross-Border Boutique M&A Investment Banker Firm Award 2017 Investment Bank of the Year Acquired 100% of EMC Divested Thinh Phat Cables and Divested Asian electronic Holdings from Dong Viet to cleaning chemicals business to Investment Bank of the Year Transaction of the Year (£100m-£500m) Consumer Discretionary Deal of the Year for the sale of AnaJet to 2020 2020 2020 Ricoh 3 One team,globally A global senior team, interacting seamlessly with our clients and each other As an M&A-focused boutique, senior bankers globally work as one team Regional senior bankers speaking with local buyers and targets North America Europe India Korea Euan Rellie Alex Ditchfield Charlie Maynard Jonathan Aiken Sanjay Singh Kumar Mahtani Manoj Balwani Howard Lee Victor Chang Managing Partner Director Non-Executive Chairman Managing Director Managing Director Managing Director Managing Director Partner Managing Director Southeast Asia Andrew Huntley Paul DiGiacomo Simon Kavanagh Mark Webster Lars Freitag Huong Trinh Rica Wirianata Anindita Das Jakub Widzyk Managing Partner Managing Partner Partner Partner Managing Director Managing Director Managing Director Director Director (Asia/Europe) Greater China Anthony Siu Jeffrey Wang Karen Cheung Vivian Ren Dorothy Cai Lilian Gu Jason Song Partner Partner Managing Director Managing Director Director Director Director Japan Jeff Acton Hideyuki Tozawa Koichiro Yasuda Shinya Kimura Toshiaki Yokohara Partner Managing Director Chairman Director Director 4 Extensive sector expertise We are committed to six sectors Delivering valuable, real-time transactional insights to clients Our global teams are organized around six dedicated sectors, building knowledge and sharing perspectives across global markets, supported by continuous deal flow in each sector We maintain an extensive network of senior-level relationships with financial sponsors, publicly listed corporates and private companies within our sectors to deliver valuable, real-time transactional insights to our clients Deep industry knowledge Chemicals Consumer & Retail Health Industrials Services Technology Digital media Coatings Apparel & Biotech Aftermarket Business services and outsourcing Information Electronic accessories Medical tech Auto components Facility Software Materials Cosmetics Pharma Building materials management Systems Petrochemicals Food & beverage Services Electronics Recycling & waste integrators & BPO Plastics Food chains Flow control management (Business Process Specialty & fine Food services Outsourcing) Machinery chemicals Testing, inspection Jewelry Packaging & certification Luxury goods Printing Transportation & logistics 5 Our experience is a competitive advantage Expertise on the sellside We are among the most active sellside advisors in Asia. We draw on that experience to drive sellside processes that maximize value and certainty Processes that clear the market globally Positioning for value maximization Thoughtfully designed and well-run processes Global buyer outreach Positioning businesses for sale and spike valuation Tailored, creative and thoughtfully constructed Senior bankers drive buyer identification outreach processes Positioning led by senior sector bankers from Our reach clears the market globally for our clients process initiation, supported by our proprietary Best-in-class transaction execution insight into private market M&A valuations in Asia and worldwide Customized to industry and asset Selected BDA exits Premium advice and execution Divested Amazon Divested majority Divested Hyosung Divested 100% stake Agreed to be acquired Divested 100% stake Papyrus to stake in STS Group to Capital to to by to The Longreach group Adler Pelzer Group ST Leaders Private BWT Mindray CareCapital 60% Strategic buyers Equity 2021 2021 2020 2021 2021 2020 40% 60% 40% Financial sponsors Divested Compart Divested Escientia Life Divested a 100% stake Divested Thinh Phat Divested Asian Divested a 70% stake Systems to Sciences to in Young Toys to Cables and Dong Viet electronic cleaning to to chemicals business to Deccan Fine Shanghai Wanye MiraeN Group Stark Corporation Nippon Kayaku Affirma Capital Chemicals 2020 2020 2020 2020 2020 2019 6 Intelligent acquisition support Dedication to buyside M&A We assist our clients to identify and conclude cross-border transactions efficiently and on optimal terms Target qualification Acquisition execution Persistent and persuasive in our pursuit of potential sellers for our clients Highly experienced in assessing, structuring and negotiating transactions Identifying targets based Engaging with targets Thorough due diligence Valuation and pro-forma Price and SPA Positioning our client on clients’ criteria and building deal interest and process management synergy analysis negotiation BDA buyside engagements Acquired roller coaster Agreed to acquire 75% of Acquired Chinese food Acquired Acquired manufacturer, Vekoma Rides Acquired ingredients company Rich Graviss Tianning Flavours 2020 2020 2018 2017 2017 2016 7 Credibility with financial sponsors A valuable resource for financial sponsors Dedicated coverage team generating proprietary deal flow and exits Financial sponsor portfolio company exits The majority of BDA deals have financial sponsor involvement Divested 20% stake to Divested Amazon Divested majority Divested 100% stake Divested 100% stake Divested CSS Corp Papyrus to stake in STS Group to to to Kyushu Electric The Longreach group Adler Pelzer Group EagleTree Capital Escalent 2021 2021 2021 2021 2021 2021 Divested 100% stake Divested Compart Divested Escientia Life Divested a 100% stake Divested Epolin Divested significant to Systems to Sciences to in Young Toys to Chemicals to stake in Kehua Bio- Engineering to 60% Deccan Fine CareCapital Shanghai Wanye MiraeN Group Chroma Color Chemicals Gree Real Estate 2020 2020 2020 2020 2020 2020 High-volume, high-quality deal flow Deals since 2016 with financial sponsors as client and/or buyer/investor Divested majority Divested Hyosung Acquired by Acquired EMC Series B capital raise Strategic partnership stake to Capital to Holdings from in China and Broadreach and investment by DCP Capital ST Leaders Private Cedar Capital Affirma Capital EverYi Capital Equity Partners 2021 2020 2020 2020 2020 2020 Divested a 70% stake Divested majority Divested Nagano Raised growth capital Raised growth capital Majority recapitalized to stake to Industried to from by Affirma/SCPE The Longreach Group JAFCO Crescent Point Galen Partners 2019 2019 2018 2018 2017 2017 8 Credibility with financial sponsors The annual BDA Private Equity Conference Dynamic event where an exclusive group of private equity investors meet outstanding private companies Annual convene where blue-chip private equity investors meet outstanding private companies Unique platform for outstanding private companies in the chemicals,