Atturra Limited · ASX:ATA
Atturra — Merger or Acquisition (October 2023)
17 slides from Atturra's merger presentation, Oct 13, 2023
Slide 1: Update on Acquisition of Cirrus Networks Holdings Limited
Update on Acquisition of Cirrus Networks Holdings Limited 13 October 2023 This presentation has been authorised for release to the ASX by the Board of Atturra Limited. Atturra Limited | ABN: 34 654 662 638 | Level 2, 10 Bond Street, Sydney, NSW 2000
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer USE OF THIS DOCUMENT You must read the following notices before reading or making any use of this document or any information contained in this document. By continuing to read, use or otherwise act on this document, you agree to be bound by the following terms and condi
Slide 3: Important Notice & Disclaimer (continued)
Important Notice & Disclaimer (continued) NOT FINANCIAL PRODUCT ADVICE OR OFFER OF SECURITIES This presentation is not, and is not intended to constitute, financial advice, or an offer or an invitation, solicitation or recommendation to acquire or sell Atturra shares or any other financial products
Slide 4: Acquisition highlights
Acquisition highlights Atturra’s acquisition of Cirrus Networks Holdings Limited (Cirrus) enhances the Company’s position as a leading Australian diversified advisory and IT solutions provider The proposed acquisition is transformative to Atturra’s Managed Services offering and will facilitate the d
Slide 5: Transaction overview
Transaction overview Transaction • Transaction by way of a Scheme of Arrangement (the Revised Scheme), pursuant to which Atturra, through its subsidiary Atturra Holdings Pty structure Ltd, will acquire 100% of the fully paid ordinary shares in Cirrus (the Transaction) • Under the Revised Scheme, Cir
Slide 6: Compelling strategic rationale
Compelling strategic rationale Cirrus’ strength in highly recurring Managed Services is a key growth area for the business 1 Strong strategic fit and complementary to Atturra’s recent acquisition of Somerville Combined company entrenches position as a leading Australian advisory and technology s
Slide 7: Value creation for shareholders
Value creation for shareholders Potential for meaningful cost savings, further value through cross-sell opportunities and enhanced operational scale over time Attractive outcome for shareholders Source Description Anticipated synergies EPS accretive pre-synergies • Listed company costs 8%+ EPS a
Slide 8: Building a strong sovereign player – Capabilities
Building a strong sovereign player – Capabilities The acquisition of Cirrus is consistent with Atturra’s vision to become Australia’s leading Advisory and IT solutions provider Core Area Atturra Cirrus Network Atturra Managed Services includes Network Cirrus Managed Services focuses primarily on (WA
Slide 9: Building a strong sovereign player – Managed Services
Building a strong sovereign player – Managed Services The acquisition of Cirrus is consistent with Atturra’s vision to become Australia’s leading Advisory and IT solutions provider Geography Atturra Cirrus Federal Government and ACT No traditional Managed Services Cirrus has substantial traditional
Slide 10: Cirrus is a leading IT solutions provider
Cirrus is a leading IT solutions provider Overview Proven ability to leverage strategic partnerships • Founded in 2012, Cirrus is an ASX-listed IT solutions provider with a well-established footprint across ACT, WA and VIC • Compelling strategic direction with strong suite of service Key partners ca
Slide 11: Comprehensive product and service offering
Comprehensive product and service offering Financial snapshot Divisional overview Managed Services (~14% of FY23 revenue)(1) $112.2m Comprehensive service offering Significant multi-year recurring contracts Recent material Government contract win FY23 Gross Revenue(1) Location-based support
Slide 12: Complementary geographic and industry mix
Complementary geographic and industry mix The Transaction grows Atturra’s national presence Cirrus is recognised as a respected provider to and resource base to target key clients across government and resources industry ACT, Western Australia and Victoria 20% 5% 45% Gross Revenue 5% (FY23) 25% Gove
Slide 13: Continued growth in blue-chip client base
Continued growth in blue-chip client base Cirrus is a trusted service provider to a diverse range of government departments and Tier-1 corporate clients across ACT, Western Australia and Victoria • Snapshot of Cirrus’ ACT Western Australia Victoria leading client base with a strong focus on governme
Slide 14: Balance sheet capacity
Balance sheet capacity Atturra remains well capitalised for future growth opportunities Debt facility update Available acquisition liquidity • At implementation of the Transaction, Atturra intends to 10.0 refinance some of its existing facilities and establish a new Liquidity available to 40.0 $40.0
Slide 15: Indicative transaction timetable
Indicative transaction timetable Key event Target date Scheme booklet dispatched October 2023 First Court Hearing October 2023 Expected Scheme meeting date November 2023 Second Court Hearing November 2023 Scheme effective date November 2023 Scheme record date December 2023 Scheme Implementation Dece
Slide 16: Strong strategic merit
Strong strategic merit Highly strategic acquisition unlocking clear scale, capability and diversity benefits Enlarged client base with strong government focus and expertise Complementary and scale-enhancing geographic presence in key locations Increases Atturra's recurring revenue Financially accret
Slide 17: Thank you
Thank you Atturra Limited | ABN 34 654 662 638 | Level 2, 10 Bond Street, Sydney NSW 2000