Srg Global Limited · ASX:SRG
Srg Global — Merger or Acquisition (June 2018)
18 slides from Srg Global's merger presentation, June 2018
Slide 1: Merger of Equals Presentation
MERGER OF EQUALS PRESENTATION June 2018
Slide 2: Transaction Overview
TRANSACTION OVERVIEW Merger of equals between Global Construction Services Limited and SRG Limited via a recommended scheme of arrangement (GCS to acquire 100% of SRG shares) 2.479 GCS shares for each SRG share (“Scrip Scheme Consideration”) GCS shareholders to own 51% and SRG shareholders to
Slide 3: Transaction Overview
TRANSACTION OVERVIEW Merged entity trading will trade as SRG Global Limited with: – Proforma market cap of $322m1 – Proforma revenue of $510m2 – Proforma net cash of $36m3 – Net tangible assets of $200m3 – Detailed asset review to be conducted prior to completion of transaction – 2,000 employees g
Slide 4: Strategic Rationale
STRATEGIC RATIONALE Platform transaction to continue to build a leading global Specialist Engineering, Construction and Maintenance group. Greater combined offering – Vertically integrated offering in Building services – Extended offering in Asset Maintenance – Cross selling opportunities of speci
Slide 5: Alignment of Strategies
ALIGNMENT OF STRATEGIES Building a leading global Specialist Engineering, Construction and Maintenance group. 5
Slide 6: Already Working Together
‘a : 2 ‘OF MUSIC, “SOUTHBANK vic LENDLEASE SRG SCOPE POST-TENSIONING GCS SCOPE FORMWORK / STRUCTURES <>SRG MELBOURNE vic CLIENT HUTCHINSON BUILDERS SRG SCOPE DESIGN ENGINEERING / POST-TENSIONING GCS SCOPE FORMWORK / STRUCTURES
Slide 7: Many Common Key Customers
MULTIPLEX lendlease ait Contracting < PROBUILD — HUTCHINSON CONTRACTORS
Slide 8: Combined Capability
ASSET BUILDING SERVICES RESOURCES PRODUCTS VERTICALLY CONSTRUCTING SUSTAINING TERM CLIENTS / COMPLEMENTARY INTEGRATED COMPLEX COMPLEX EXTENDED PRODUCTS / SOLUTIONS INFRASTRUCTURE § INFRASTRUCTURE § OFFERING TECHNOLOGY Design Engineering Dam Strengthening Bridges / Marine Drill and Blast Monitoring P
Slide 9: Extended Cross Selling Examples
EXTENDED CROSS SELLING EXAMPLES 9
Slide 10: Combined Global Footprint
COMBINED GLOBAL FOOTPRINT Canada United States Kuwait Bahrain Qatar United Arab Emirates Hong Kong Oman Panama Thailand Philippines Africa Malaysia Singapore Indonesia Papua New Guinea Australia New Zealand INT. AUS EAST 10
Slide 11: Combined Australia / NZ Footprint
COMBINED AUSTRALIA / NZ FOOTPRINT 11
Slide 12: Combined Financials
COMBINED FINANCIALS SRG1 GCS2 SRG Global (Pro Forma) Int’l Aus 19% Int’l East 31% 27% REVENUE Aus Aus Aus COMPOSITION East East West 45% BY GEOGRAPHY 55% 73% Aus West Aus 36% West 14% Products Products 4% 3% Building Resources Resources 19% Asset 15% Building Building 23% Services 32% 60% REVENUE 40
Slide 13: Our Way Forward
OUR WAY FORWARD 13
Slide 14: Our Unified Vision
MAKING THE COMPLEX SIMPLE WE SOLVE THE CHALLENGING PROBLEMS WE SOLVE THEM ACROSS THE ENTIRE ASSET LIFE CYCLE WE SOLVE THEM ACROSS THE WORLD
Slide 15: Our Operating Model
OUR OPERATING MODEL At every stage in the life of our customers’ critical assets, we’re there to support them with specialist technical expertise, services and products. 15
Slide 16: Our Strategic Horizons
OUR STRATEGIC HORIZONS Building a leading global Specialist Engineering, Construction and Maintenance group LEADERSHIP Zero Harm Industry Leader GROWTH Recognised Employer of choice Vertically integrated solutions Key partner of choice in our specialised fields OPTIMISATION Step change growth in Inf
Slide 17: Next Steps
NEXT STEPS EVENT TIMING1 Announcement of merger of equals 12 June 2018 Scheme booklet dispatched to SRG shareholders Mid July 2018 SRG Scheme meeting2 Mid August 2018 Completion of merger of equals Late August 2018 Implementation date Early September 2018 1. The timeline above is indicative only and
Slide 18: Disclaimer and Important Notice
DISCLAIMER AND IMPORTANT NOTICE Summary information: This presentation provides information in summary form and should be read in conjunction with the announcement in relation to the proposed transaction between SRG Group Limited (SRG) and GCS Limited (GCS) (the Transaction) that was released today.