Slide 1: A Labour Hire and Training Company: Gateway to Mozambique's $70B LNG
+ A Labour Hire and Training Company The only ASX-listed gateway to Mozambique’s $70B LNG construction boom June 2019 - RBR Group Limited I 1
Slide 2: Disclaimer
Disclaimer The information contained in this document is disclosed to you by RBR Group Limited (ACN 115 857 988) (the "Company"). Nothing in this document shall form the basis of any contract or commitment, or constitutes investment, financial product, legal, tax or other advice. The information in
Slide 3: Corporate Overview
Corporate Overview A $13M company with share price leveraged Financial Summary to a $70B opportunity Share price (01-May-19) 1.8 cents Number of shares 716.3M Market Capitalisation $12.9M Cash (31-Mar-19) * $860K Key Shareholders Debt (31-Mar-19) * - Board 12.96% Enterprise value $12.04M Performance
Slide 4: RBR: a $13M Company Tapping into a $70B Opportunity
RBR: a $13M Company Tapping into a $70B Opportunity • RBR specialises in assessing workers’ pre-existing skills, training them further and hiring them out • The Company has spent five years preparing to supply these services to Mozambique’s emerging $70B LNG construction industry • RBR is the only A
Slide 5: Mozambique LNG Opportunity – World Scale
Mozambique LNG Opportunity – World Scale The Project • ENI’s $14B Coral South floating LNG facility under construction. First gas June 2022 • 2 onshore LNG projects (Anadarko & Exxon), 4 onshore trains ~27Mtpa • $70B capex, FID 2019, first gas 2024 • Pre-FID work underway, this is phase 1 of up to 6
Slide 6: Scale of Labour Requirement
Scale of Labour Requirement Onshore projects will employ 50,000 workers at peak construction Local content requirement: • 1:2 – 1:5 (expat to local ratio subject to skill/discipline and role) • Labour force will require accredited qualifications. Anadarko has selected the UK’s Engineering Constructi
Slide 7: RBR is Uniquely Positioned to Provide the Workers
RBR is Uniquely Positioned to Provide the Workers RBR has the database, the facilities and the licences to help meet this huge demand • RBR is a fully-integrated provider of recruitment, training and worker placement services • RBR has one of only a few Mozambican labour broking licences • RBR is th
Slide 8: Starting Gun Has Been Fired – the Race is On!
Starting Gun Has Been Fired – the Race is On! Mozambique LNG Opportunity • Eight years in the making • ENI’s $14B FLNG project commenced in 2017 • Area 1 & 4 combined exploration & development spend to date ~$5.0B • Anadarko/Exxon site expenditure to date ~$1.0B Major infrastructure contracts underw
Slide 9: RBR's Target Market
RBR’s Target Market Construction timeline and Labour Force (peak ~50k workers) Labour hire or placement of 10% of direct project peak workforce: Annual Margin • 5,000 workers on the books • $10-$20 per person per day margin (or equivalent for placement) $14.0M - $28.0M • 286 working days per annum (
Slide 10: Essentials for Success – Barriers to Entry
Essentials for Success – Barriers to Entry Mozambique Capability Status Labour Broking Licence Very few issued, and long lead time ✓ Database of Skilled Labour Over 250,000 Mozambican job-seekers ✓ Skills Training & Assessment Already the premier provider ✓ ECITB Accreditation RBR the only local com
Slide 11: Corporate Vision, Board and Leadership
Corporate Vision, Board and Leadership Board & Executive: Tier 1 Management: Ian Macpherson, Executive Chairman, B.Comm, CA Athol Emerton, Project Sponsor & Mozambique Advisor • CA with >30 years experience in finance, specialising in the mining industry Fellow of the Institute of Chartered Shipbrok
Slide 12: RBR's Successes in Mozambique
RBR’s Successes in Mozambique In Training • Secured grant funding from the UK’s Department for International Development’s (DfID) JOBA Skills for Employment (S4E) Fund, to provide basic construction skills training to disadvantaged youth. Students built RBR’s training centre, subsequently inaugurate
Slide 13: RBR's Success in Mozambique
RBR’s Success in Mozambique In Labour Services (Visas, Permits, Payroll, Labour Hire) • Hold one of Mozambique’s few labour licences. Significant barrier to entry through lengthy and complex application process • Access to over 250,000 Mozambican workers through skills databases • Process payrolls f
Slide 14: Market Info: Global LNG Market Overall
Market Info: Global LNG Market Overall LNG market to tighten after 2022, ~200Mt of LNG projects need to be sanctioned to meet demand by 2030 Emerging Gap Global LNG Market Balance Liquefied natural gas demand Source: Shell LNG Outlook 2017 will exceed supply without new projects Source: Wood Mackenz
Slide 15: Why Invest in RBR?
Why Invest in RBR? • RBR is the only ASX-listed company with direct exposure to Mozambique’s emerging $70B LNG construction industry • Highly leveraged to an enormous opportunity. Market cap only ~$13M • Board and management are significant investors and shareholders • Onshore LNG projects will crea
Slide 16: Contact
+ Contact: Level 2 33 Ord Street West Perth I WA I 6005 PO Box 534 I West Perth I WA I 6872 08 9214 7500 info@rbrgroup.com.au I www.rbrgroup.com.au June 2019 - RBR Group Limited I 16