Mastermyne Group Limited · ASX:MYE
Mastermyne — Merger or Acquisition (October 2014)
22 slides from Mastermyne's merger presentation, Oct 13, 2014
Slide 1: Acquisition of DMS
For personal use only Mastermyne Group Limited Acquisition of DMS October 2014 1
Slide 2: Contents
CONTENTS For personal use only Executive Summary 3 Transaction Overview 5 Overview of DMS 7 Strategic Rationale 15 DMS Financials 17 Transaction Timetable 19 2
Slide 3: Executive Summary
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 4: Executive Summary
Executive Summary For personal use only • Mastermyne Group Limited (ASX:MYE) (“MYE”) is a leading provider of specialised services to the Australian coal mining industry. • MYE has agreed to acquire Diversified Mining Services Ltd (“DMS”), a leading maintenance, engineering and contract mining servi
Slide 5: Transaction Overview
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 6: Transaction Overview
Transaction Overview For personal use only • The $20.0 million consideration will be structured as: o 15.6 million MYE shares with a total issue price of $9.7 million of shares issued to the shareholders of DMS. o $10.3 million of cash from which will be applied to DMS debt and restructuring costs1.
Slide 7: Overview of DMS
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 8: Overview of DMS
Overview of DMS For personal use only • Leading provider of services to a range of industries, primarily focussed on maintenance and mining services in Queensland and NSW. • Established in 2009 by experienced industry professionals and private equity investors through the aggregation of several well
Slide 9: A leading maintenance provider – Corrosion inspection, painting and protective coatings
Overview of DMS For personal use only A leading maintenance provider – Corrosion inspection, painting and protective coatings 9
Slide 10: A leading maintenance provider – Scaffolding, rigging and facility repair
Overview of DMS For personal use only A leading maintenance provider – Scaffolding, rigging and facility repair 10
Slide 11: A leading maintenance provider – Equipment shutdown support and poly welding
Overview of DMS For personal use only A leading maintenance provider – Equipment shutdown support and poly welding 11
Slide 12: Business Units
Overview of DMS – Business Units For personal use only Maintenance Engineering Mining Leading provider of engineering services Leading industry expertise in industrial, Full range of specialist support services via fully equipped workshop facilities mining and offshore facilities to the underground
Slide 13: Customers
Overview of DMS – Customers For personal use only • Blue chip clients in the mining, downstream metalliferous processing, prime contracting and mining infrastructure industries. Low customer concentration1 • Specialist in overwater scaffolding. Customer 1, 11% o In April 2014 was awarded a five year
Slide 14: Business Highlights
Overview of DMS – Business Highlights For personal use only • The restructured DMS business will consist of DMS’s Maintenance, Engineering and Mining business units, their required facilities and staff. • MYE plans to actively grow each of the DMS business units and is not planning for any staffing
Slide 15: Strategic Rationale
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 16: Strategic Rationale
Strategic Rationale For personal use only Diversification • Well respected service provider which will significantly increase the range of services that MYE can offer to the mining and other industries. Business fit • Business operations on similar commercial and operational terms as the Company cur
Slide 17: DMS Financials
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 18: DMS Financials
DMS Financials For personal use only • Over the past 12 months DMS has been through a process of restructuring its business to meet market conditions. • In March 2014, DMS divested its Mining Equipment manufacturing, service and support business. • DMS forecast the continuing business will earn reve
Slide 19: Transaction Timetable
For personal use only Executive Transaction Overview Strategic DMS Transaction Summary Overview of DMS Rationale Financials Timetable
Slide 20: Transaction Timetable
Transaction Timetable For personal use only Event Date Announcement of the transaction 26 September 2014 First Court hearing Early November Despatch of Scheme booklet to DMS shareholders Early November DMS Scheme Meeting Late November Second Court hearing Early December Implementation Mid December 2
Slide 21: Contact
CONTACT For personal use only www.mastermyne.com.au Information for Investors / Analysts: Tony Caruso – Managing Director: (07) 4963 0400 Chris Kneipp – Chief Financial Officer: (07) 4963 0400 21
Slide 22: Disclaimer and Important Notice
Disclaimer and Important Notice For personal use only The following disclaimer applies to this presentation and any information provided regarding the information contained in this presentation (the Information). You are advised to read this disclaimer carefully before reading or making any other us
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