Seafarms Group Limited · ASX:SFG
Seafarms — Commodities Group — Investor Presentation (June 2014)
30 slides from Seafarms's investor presentation, Jun 4, 2014
Slide 1: Commodities Group Limited ASX Announcement 408
COMMODITIES GROUP LIMITED Our Ref: CGL ASX Announce Entitlement Offer Investor Presentation (408) 4 June 2014 ANNOUNCEMENT 408 Company Announcements Office Australian Securities Exchange Level 4 By ASX Online 20 Bridge Street Number of pages: 30 SYDNEY NSW 2000 (including this page) Dear Sir Commodi
Slide 2: Entitlement Offer Investor Presentation
Commodities Group Limited ACN 009 317 846 Insert carbon business picture Entitlement Offer Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation has been produced by Commodities Group Limited (CGL or the Company) only and may contain forward looking statements that are based on management’s current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to
Slide 4: Contents
Contents 1. Overview of the Entitlement Offer 2. Commodities Group Limited 3. Seafarms - Aquaculture 4. CO2 Australia – Carbon and Environmental Services 5. Risks and control implications Further information is available on the Company’s website at www.co2australia.com.au 3
Slide 5: Section 1 Overview of the Entitlement Offer
Section 1 Overview of the Entitlement Offer
Slide 6: Executive Summary
Executive Summary Executive Summary Raising up to approximately $10 million via non-renounceable pro-rata entitlement offer. Funds used for immediate growth objectives, including capital works program to expand Seafarms’ production capacity and efficiency, debt reduction and working capital. Why
Slide 7: Background
Background Background Commodities Group Limited (CGL or the Company) continues to concentrate its efforts on developing its aquaculture operations and streamlining its existing carbon and environmental services businesses. • The establishment of a commercial scale prawn farming business in Queensl
Slide 8: Overview of Entitlement Offer
Overview of Entitlement Offer Non-Renounceable Pro-Rata Entitlement Offer CGL is undertaking a non-renounceable pro-rata entitlement offer to raise up to approximately $10 million (Entitlement Offer). The issue price is $0.05 per new share, representing a 18.71% discount to the 5 day VWAP prior
Slide 9: Indicative Timetable for Entitlement Offer
Indicative Timetable for Entitlement Offer Event Date Announcement of Entitlement Offer 2 June 2014 Release of investor presentation to ASX 4 June 2014 Lodgement of Appendix 3B, cleansing notice and offer document with ASX 10 June 2014 Notice of Entitlement Offer sent to shareholders 11 June 2014 Ex
Slide 10: Section 2 Commodities Group Overview
Section 2 Commodities Group Overview
Slide 11: Operations
Operations Project Sea Dragon 10
Slide 12: Corporate snapshot
Corporate snapshot Corporate Information ASX Listed Code COZ Market Capitalisation $29 million (at 29 May 2014) Shares on issue 453 million Convertible preference shares 30 million Cash on hand $852,000 (at 31 March 2014) Net Assets $33.06 million (at 31 March 2014) Debt $5.4 million (at 31 March 20
Slide 13: Financial information
Financial information PRO FORMA BALANCE SHEET Audited $’000 unless otherwise noted Balance Sheet Pro-forma Pro-forma Notes: 31 Mar 2014 Adjustments Balance Sheet The pro forma balance sheet has been prepared for illustrative purposes to show the potential effect of the Cash and equivalents 852.43 8,
Slide 14: Section 3 – Seafarms Aquaculture Business
Section 3 – Seafarms Aquaculture Business
Slide 15: Seafarms Overview
Seafarms Overview Seafarms Group Limited (Seafarms) is a new Australian agri-food company operating, building and investing in sustainable aquaculture production platforms producing high-quality seafood. Seafarms is currently the largest producer of farmed prawns – growing, processing and distributi
Slide 16: Seafarms Properties
Seafarms Properties Cardwell – Farm 1 Hatchery - Flying Fish Point (Innisfail) 56 ha 13 ha 48 ponds 12 broodstock ponds Railway line Bruce Hwy (to Townsville / Cairns) Hinchinbrook channel Cardwell – Farm 2 72 ha Hinchinbrook 62 ponds channel Broodstock Facility - Exmouth WA Bruce Hwy (to Railway li
Slide 17: Project Sea Dragon
Project Sea Dragon The Company continues to progress the development of Project Sea Dragon (Sea Dragon) – a large-scale, integrated, land-based prawn aquaculture project in northern Australia designed to produce high-quality, year-round, reliable volumes for export markets. Sea Dragon seeks to estab
Slide 18: Sea Dragon - production system infrastructure
Sea Dragon - production system infrastructure Power Station Diesel Cereal/protein LAND WATER ELECTRICITY crops (Wild-catch origin) WAR Conventional Fish Meal COMPONENTS Product RAW EXPORT MATERIALS EXPORT FACILITIES Processing Facilities FEED MILLS Value- External Sales Prawn Feed added Product PRAW
Slide 19: Seafarms' team
Seafarms’ team • Successful experience within the resources and • Environmental (Marine Biology) and legal Ian Trahar finance industries, having established and Robert Bell qualifications Chairman managed several businesses within these sectors. Managing Director • Extensive experience in the manage
Slide 20: Market Opportunity
Market Opportunity World Agri-food Demand by Region, 2007 and 2050 Growing population and increasing wealth are underpinning the demand (US$b) (Source: ABARES) for protein: Global population is expected to increase from 7 billion today to 9 3,500 billion by 2050. Over that time the world's total foo
Slide 21: Market Opportunity: Why Aquaculture?
Market Opportunity Why Aquaculture? • Fish and other seafood are the largest source of animal protein (160 million tonnes) Relative Genetic Gain in Growth Rates consumed globally, exceeding that of pork (114 million tonnes), poultry (106 million tonnes) or beef (68 million tonnes). 30,000 • Aquacult
Slide 22: Market Opportunity: Why Aquaculture in Australia?
Market Opportunity Why Aquaculture in Australia? Relative Genetic Gain in Growth Rates • Prawns, tuna, salmon, edible oysters and pearl oysters accounted for 88 percent of the $1.1 billion value of aquaculture. The largest single contributor to aquaculture production was salmon. • Despite Australia’
Slide 23: Key attributes
Key attributes • Global food demand is forecast to increase by 70% to 2050 due to increases in population and Demand for Animal Protein higher demand for animal protein resulting from increasing global affluence • Existing production technology, coupled with advanced breeding and feed programs, crea
Slide 24: Section – CO2 Australia – carbon and environmental services
Insert carbon business pictures Section 4 – CO2 Australia – carbon and environmental services
Slide 25: Carbon and environmental services
Carbon and environmental services CO2 Australia: Management of carbon sinks - Having established over 26,400 ha of forest carbon sinks, CO2 Australia is now focussed on the long term management of these assets on behalf of a broad variety of blue chip clients. Arrangements are in place to manage the
Slide 26: Section - Key risks and control implications
Section 5 - Key risks and control implications
Slide 27: Key Risks: Risks associated with the Company
Key Risks Risks associated with the Company Ability to raise sufficient capital to fund growth and development - The continued growth and development of the Company’s carbon and aquaculture businesses will be dependent upon the ability to access funds to finance required capital for growth through e
Slide 28: Key Risks: Aquaculture industry
Key Risks Risks associated with the aquaculture industry Aquaculture risks - aquaculture is a form of primary production and has the normal and usual risks associated with primary production. These risks include but are not limited to, weather and climate risk, risk of natural catastrophe such as st
Slide 29: Key Risks: General risks
Key Risks General risks The business activities of the Company are subject to various general economic and investment risks that may impact on the future performance of the Company. These risk factors include, but are not limited to those summarised below. Taxation and government regulations - chang
Slide 30: Control implications
Control implications Director interests The Directors of the Company (and their related parties) currently hold the following interests in the Company: Ian Trahar – 50.40% Paul Favretto – 4.58% Harley Whitcombe – 2.65% Chris Mitchell – 0.42% Director participation Mr Trahar and Mr Favretto h
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