Rlf Agtech Ltd · ASX:RLF
Rlf Agtech — Merger or Acquisition (May 2024)
15 slides from Rlf Agtech's merger presentation, May 2, 2024
Slide 1: Transformational Acquisition and Equity Raising
Transformational Establishing a complete plant nutrition solution Acquisition to thrive in the Australian agriculture and Equity Raising industry Authorised for release by the Board of RLF AgTech Ltd 2 May 2024 Empowering Growers Nourishing People Restoring Earth
Slide 2: Disclaimer
The purpose of this presentation is to provide general information about RLF AgTech Ltd (RLF or the Company). It is not recommended that any person makes any investment Disclaimer decision in relation to the Company based solely on this presentation. This presentation does not necessarily contain al
Slide 3: Acquisition Overview
Acquisition Overview Acquisition of LiquaForce o LiquaForce is a family-owned Australian liquid fertiliser manufacturing, sales and application business. Solid o It has two well established liquid fertiliser manufacturing facilities in northern Queensland, allowing LiquaForce to foundation provide s
Slide 4: Target Overview
Target Overview Overview of LiquaForce Business, Operations and Financials Mossman Cairns LiquaForce is a well-recognised brand in north Queensland and has Ingham two established manufacturing facilities based in the region: Ingham Operation 1. Ingham Operation – opened in 2007, currently producing
Slide 5: Acquisition Rationale
Acquisition Rationale LiquaForce Acquisition Rationale Operational Financial Achieving a full growth cycle plant Strong accretive revenue with significant nutrition solution with immediate EBITDA and cash flow contribution synergies Pro forma sales revenue ($M) 31.8 o Highly complementary to RLF’s e
Slide 6: Pro Forma Financials
Pro Forma Financials Pro forma Financials FY23 Unaudited Balance Sheet as at 31 December 2023 1 Debt/Equity Assets RLF LiquaForce Pro forma % Change Note Funding Accounts Receivable 2.80 1.31 4.11 47% up - Assuming raise $3m, after Cash and cash equivalent 2.85 - 2.25 5.10 79% up paying $3.75m to th
Slide 7: Growth Potential
Growth Potential Future Initiatives o Capitalising on existing strengths in key Asian markets for continued growth of a valuable distribution network that can leverage both proprietary and third-party products and services. Revenue o Expediting the integration of the high-margin RLF products into Li
Slide 8: Investment Highlights
Investment Highlights Key Investment Highlights Full Growth Cycle Plant Nutrition Solution Highly complementary product lineups provide a complete full growth cycle plant nutrition solution for growers, presenting RLF/LiquaForce more sales opportunities to their existing customers. Environmental Ben
Slide 9: Equity Raising Overview
Equity Raising Equity Raising Overview Overview RLF is seeking to raise funds via a placement and a share purchase plan (Equity Raising). The Equity Raising will consist of: (i) A placement to sophisticated and professional investors (Placement); and (ii) A share purchase plan to RLF’s eligible shar
Slide 10: Sources and Uses of Funds
Equity Raising Sources and Uses of Funds Sources $M Uses $M Equity Raising1 3.00 Cash Purchase Price of LiquaForce 3.75 Debt funding from NAB 2.90 Scrip Payment to LiquaForce 0.75 Issuing shares for scrip payment to LiquaForce 0.75 Capital Raise Costs 0.20 Total 6.65 Acquisition Costs (including Sta
Slide 11: Pro-forma Capital Structure
Equity Raising Pro-forma Capital Structure Amount as at Amount Description Unit 25.04.2024 Pro forma Shares on Issue million 186.1 248.61 Market Capitalisation $ million 12.8 14.92 Options million 26.2 51.2 Performance Rights million 7.2 8.23 Note: 1. Inclusive of the scrip payment of 12.5m shares t
Slide 12: Indicative Timetable
Equity Raising Indicative Timetable Key Event Date Announcement of Acquisition and Equity Raising Thursday, 2 May 2024 Settlement of Placement Tuesday 7 May 2024 Allotment of Placement Shares Wednesday 8 May 2024 SPP Prospectus Lodged and SPP Offer Opens on or around 10 May 2024 General Meeting to a
Slide 13: RLF Overview
About RLF RLF Overview Operating in the higher margin, specialty crop nutrition category Targeting broadacre, cotton and horticultural crop types Backed by over 1,000 independent and on-farm evaluations spanning various climates and soil types Proven results, driving a 10-30% yield increase, enhanci
Slide 14: RLF Milestones
About RLF RLF Milestones 2006-2009 2015-2019 2023 - present 2024 RLF’s products were entered RLF relocated into a 12,000m2 RLF expands into SE Asia markets into China market through manufacturing facility in China. with local representative offices in Proposal to acquire imports. Vietnam and Cambodi
Slide 15: For more information, please contact
For more information, please contact: RLF AgTech Ltd Ken Hancock Managing Director and CEO T: +61 8 6187 0753 E: corporate@rlfagtech.com Connect with us