Volt Group Ltd. · ASX:VPR
Volt — Volt Power Group — Merger or Acquisition (December 2017)
13 slides from Volt's merger presentation, Dec 18, 2017
Slide 1: Investor Presentation - Acquisitions and Capital Raising
Volt Power Group Limited For personal use only Investor Presentation - Acquisition of Wescone - Acquisition of 50% EcoQuip Australia - $4.75 million Capital Raising
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICES AND COMPETENT PERSON'S STATEMENT This document has been independently prepared by Volt Power Group Limited (Volt) in relation to a placement of new shares by Volt. For personal use only This document is intended only for those persons to whom it is delivered personally b
Slide 3: Business Overview
Business Overview For personal use only New Technology/Innovative Equipment Supply – Resource Sector Focus Existing Business Business Acquisitions EcoQuip Mobile Solar LED/Wi-Fi ATEN ‘waste heat to power’ Wescone Sample Crushers (50%) Contract/Rental Equipment Supply Revenue Model 3
Slide 4: Wescone Acquisition Overview
Wescone Acquisition Overview • 25-year successful operating track record For personal use only Competitive Advantage • 25-year relationships with major Pilbara mining houses • Proprietary ownership, manufacture & supply of unique “best in class” sample cone crusher • Approx. 280 W300 sample crushers
Slide 5: EcoQuip 50% Acquisition Overview
EcoQuip 50% Acquisition Overview • Mobile solar LED Lighting Tower: ~50% cheaper than diesel fuelled alternative For personal use only Competitive • Zero fuel, zero oil, zero service and maintenance, zero environmental risk Advantage • US Military mast & resource sector build quality spec. • Fully a
Slide 6: EcoQuip – The Growth Opportunity
EcoQuip – The Growth Opportunity For personal use only Salient Commentary Capex for each Stage 3.0 • $1M Volt subscription for working capital & ~ 15 to 20 MSPT LED rental fleet expansion 2.5 • 18-month payback (@ LED diesel market price) reducing to 15-months (build efficiencies) 2.0 $1.8 M Capex (
Slide 7: Existing Business – ATEN Technology Overview
Existing Business – ATEN Technology Overview • Waste heat recovery equipment solution designed to generate zero emission electricity For personal use only ATEN Technology • Comprises modular system of heat recovery, heat exchange, power generation and auxiliary skids (broad capability) • Previous Co
Slide 8: ATEN Development Achievements
ATEN Development Achievements • ATEN Engineering Review complete (technical viability confirmed) For personal use only Technical • Site specific Feasibility Study completed subject to Peer Review Process (+/-25%) Milestones • Significant flowsheet improvement opportunities identified (confirmation u
Slide 9: Strategic Rationale
Strategic Rationale • To build a fleet of innovative, competitively advantaged equipment deployed under “serviced rental contract” For personal use only Strategic Vision business model (annuity revenue characteristics) • Complementary to ATEN commercialisation & ‘roll-out’ • Market disruptive to die
Slide 10: $4.75M Capital Raising Overview
$4.75M Capital Raising Overview For personal use only • Private Placement to sophisticated & professional investors to raise $4.75M Offer size & structure • Equates to this issue of 1,900,000,000 new Shares • Exceeds 15% Threshold therefore Shareholder Approval Required (funding required post shareh
Slide 11: Capital Structure and Valuation
Capital Structure and Valuation Pre # Shares Post # Shares For personal use only Share Register Raising % (bln) Raising % (bln) Valuation 15 Dec 2017 ECM and Associates 57.6 3.56 45.1 3.71 Cash @ Bank (pre-Wescone deposit) $2.3M CEO & Managing Director 11.5 0.71 11.0 0.91 ATEN Technology* $12.0M Jun
Slide 12: Sources & Uses of Funds
Sources & Uses of Funds For personal use only Sources (A$M) Uses (A$M) Private Placement Proceeds 4.75 Wescone Acquisition 4.55 Volt Cash at Bank (1/1/18) 2.10 EcoQuip Investment 1.00 R&D Tax Rebate (FY16 ATO lodged) 0.35 Transaction Costs (est $0.25M) 0.25 ATEN & Working Capital 1.40 Total sources
Slide 13: Appendix: Capital Structure, Share Price, Board and Management
Appendix 1 Capital Structure Share Price For personal use only Shares on issue 6,194M 0.4 c/Share Options on issue 390M Market Cap (@ 0.4 c/Share) $24M Cash $2.4M 0.2 c/Share Debt Nil Enterprise Value $24M Market Cap (@ Placement 0.25 c/Share) $15.5M Existing Share Register Existing Register Board a
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