Slide 1: Capital Raising Presentation
For personal use only Capital Raising Presentation 17 December 2013
Slide 2: Important: Information and Disclaimer
Important: Information and Disclaimer This document has been prepared by Austin Engineering Limited (ABN 54 009 435 250) (Austin). No party other than Austin has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in
Slide 3: Overview
Overview » The Company is undertaking a capital raising of $35 million at an offer price of For personal use only between A$3.00 and A$3.20 per share to existing and new shareholders via a placement and share purchase plan (together the “Capital Raising”) » Austin is undertaking the Capital Raising
Slide 4: Earnings Guidance
Earnings Guidance » The Company is expecting FY14 EBITDA to between A$40 to A$50 million with 80% For personal use only of the full year result being achieved in the second half of FY14 » FY14 second half earnings significantly up on first half due to: - existing and expected orders - full six month
Slide 5: Brazil Contract
Brazil Contract » Significant contract expected to be awarded in Brazil shortly for the supply of mining For personal use only products - Previous contract was worth $200m over three years - Contract will be split but Austin is expected to receive the majority of works - Contract does not include al
Slide 6: Indicative Proposal from Bradken Limited
Indicative Proposal from Bradken Limited » Austin has received an unsolicited confidential indicative, non binding and highly For personal use only conditional proposal from Bradken Limited (“Bradken”), an existing 21.5% shareholder, for all of the shares in the Company which it does not own for Bra
Slide 7: Capital Raising: Key Details
For personal use only Capital Raising: Key Details Offer Size and Capital raising of up to approximately $35.0 million to existing and new Structure shareholders consisting of: • A$30 million placement to institutional and sophisticated investors (“Placement”); and • A$5 million share purchase plan
Slide 8: Capital Raising: Indicative Timetable
Capital Raising: Indicative Timetable Key Dates – Institutional Placement and SPP For personal use only Company lodges trading halt After market Tuesday 17 December, 2013 ASX Announcement Friday 20 December, 2013 Austin shares re-commence trading Friday 20 December, 2013 Institutional Placement DvP
Slide 9: Foreign Selling Restrictions
Foreign Selling Restrictions This document does not constitute an offer of new ordinary shares ("New Shares") in Austin in any jurisdiction in which it would be unlawful. New Shares may not be offered or sold in any country outside Australia except to the extent permitted below. United Kingdom For p
Slide 10: Foreign Selling Restrictions
Foreign Selling Restrictions New Zealand This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Securities Act 1978 (New Zealand). For personal use only The New Shares in the entitlement offer are not being offered to the public in New Zealand
Slide 11: Key Risks
Key Risks There are a number of factors, both specific to Austin and of a general nature, which may affect the future operating and financial performance of Austin, its investment returns and the value of its shares. Many of the circumstances giving rise to these risks are beyond the control of Aust
Slide 12: Key Risks
Key Risks Strategy: Austin is pursuing a number of strategies to grow revenues and reduce costs, which include seeking further opportunities under the Vale Contract and other opportunities in Brazil and South America generally to increase the diversification of its earnings. Whilst Austin is targeti
Slide 13: For personal use only
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