Infinity Mining Limited · ASX:IMI
Infinity Mining — IM Medical — Investor Presentation (April 2017)
12 slides from Infinity Mining's investor presentation, April 2017
Slide 1: Rights Issue to Raise $0.5 Million & Option to Acquire a Specialised Pump and Power Business
IM Medical Limited (ASX:IMI) RIGHTS ISSUE TO RAISE $0.5 MILLION & OPTION TO ACQUIRE A SPECIALISED PUMP AND POWER BUSINESS Investor Presentation | April 2017
Slide 2: Disclaimer
Introduc)on Disclaimer This presentation has been prepared by IM Medical Limited (“IMI”), based on information available as at the date of this presentation. The information in this presentation is provided in summary form and does not contain all information necessary to make an investment decision
Slide 3: Introduction
Introduction • IMI is currently undertaking an underwritten non-renounceable Rights Issue to raise $0.5m to pay down existing creditors, pursuant to a Prospectus to existing IMI shareholders on a 3 for 8 basis priced at 0.1¢ps with a 1 for 1 attaching option (IMIOA exercisable @ 0.2¢ 31 Mar’19) and
Slide 4: Babylon Acquisition
Introduc)on Babylon Acquisition The Acquisition • The proposed consideration for the Acquisition is to be satisfied by the issue of IMI Shares to a value equal to the value of capital raised by Babylon up to the date of completion, issued on a post-Consolidation basis at a deemed issue price equal t
Slide 5: Market Overview
Market Overview Market Overview “Australian resource industry’s annual expenditure to swell to $10 billion within five years” – BIS Shrapnel New Oil & Gas Assets and Deferred Maintenance 2000+ Large Diesel Engines Installed In Western Australia Present Immediate Opportunity Represent a Market of $75
Slide 6: Babylon Overview
Babylon Overview • Babylon is a start-up speciality equipment and service provider to the expanding resources maintenance sector. • Babylon will be headquartered in Perth leveraging networks and connections throughout Australia, SE Asia and UAE. • Babylon will specialise in two niche areas: • Specia
Slide 7: Specialised Equipment Rental
Specialised Equipment Rental • Babylon will initially operate as a 2nd tier service provider targeting the oil & gas and mining speciality equipment rental market. Babylon will provide tradesmen to operate and maintain equipment on site as a high value-add service that is not provided by traditional
Slide 8: Diesel Services
Diesel Services • Babylon’s engine rebuild services will commence as a 2nd tier provider behind the large engine OEM’s. Target offering will be rebuild services focused on engines of 1000hp and greater. Successful engine rebuilds will provide growth opportunities into complimentary component mainten
Slide 9: Babylon Board of Directors & Management
Babylon Board of Directors & Management Michael Shelby • Senior Executive MBA to complement technical degree in Chemical Engineering. Managing Director • Executive leader with almost 20 years international oil and gas experience • Most recently grew oil and gas service business of Resource Equipment
Slide 10: Indicative Capital Structure
Indicative Capital Structure • If IMI proceeds with the Babylon Acquisition, following the completion of the Rights Issue, the Acquisition, and the Capital Raising, IMI’s indicative capital structure is set out below: IMI Options Valuation at Indicative Indicative Capital Structure IMI Shares (IMIOA
Slide 11: Performance Milestones
Performance Milestones • If IMI proceeds with the Babylon Acquisition, the Performance Rights to be issued to Babylon management will vest upon the delivery of the following Performance Milestones : 1) Delivery of revenues of $4.6m in year 1 and $9.2m in year 2 (being 80% of budgeted revenue) over 2
Slide 12: Investment Thesis
Investment Thesis • IMI entered into an option to acquire Babylon, a recently established speciality equipment and service provider that is well positioned to capitalise on the expanding resources maintenance sector. • On exercising the option to complete the acquisition, IMI will be able to source