Metro Performance Glass Ltd · NZX:MPG
Metro Performance Glass — IPO Roadshow (July 2014)
10 slides from Metro Performance Glass's IPO roadshow presentation, July 2014
Slide 1: Metro Performance Glass: Business introduction
Metro Performance Glass Business introduction Strictly confidential and not for public release
Slide 2: Business snapshot
Business snapshot Metroglass is the leading value added glass provider in New Zealand with >50% share and national coverage through 17 sites, >700 employees and >260 vehicles Key facts Key activities Market leader with >50% share (~2x largest competitor)1 Cut and Arris National coverage through 17 s
Slide 3: Business overview
Business overview Metroglass has established national coverage through 17 sites, >700 employees and >260 vehicles Metroglass operations Employees National coverage: 17 HO UNI LNI SI Total decentralised sites Whangarei Mgmt/Sales/Admin 25 80 33 43 181 Organisational focus on Auckland Glass Processing
Slide 4: Key products
Key products Metro offers a comprehensive product range, including DGUs, toughened glass, laminates and hardware Annealed / cut-to-size Double glazed units Other Unprocessed glass that is cut-to-size for Two window panes are separated by air the customer or gas to reduce heat transfer Toughened Lami
Slide 5: Consents and Metroglass revenue
Consents and Metroglass revenue Metroglass’ revenue has historically exhibited a correlation with 9 month lagged dwelling consents, which supports future revenue growth Metroglass rolling twelve month sales vs. LTM dwelling consents 1 Historical and forecast dwelling consents activity2 180,000 30,00
Slide 6: Revenue and Pro-Forma EBITDA
Revenue and Pro-Forma EBITDA Metroglass is forecasting a continuation of recent strong growth in revenue and Pro-Forma EBITDA Revenue ($m) 200 CAGR: 11% CAGR: 11% Rolling 12 month new dwelling consents have grown by 150 ~18% in the past 9 months to April 2014 – As windows lag consents by 6-12 months
Slide 7: Investment highlights
Investment highlights Metroglass is New Zealand’s leading glass processor, with significant exposure to the forecast improvement in construction activity and a strong financial position Metroglass’ market share is >50% (nearly double the size of its nearest competitor) 1 Economies of scale and inves
Slide 8: Key offer statistics
Key offer statistics Key Metroglass offer statistics Listing NZX Main Board and ASX Offer Price $1.70 143.7 million (being 77.6% of the number of Shares on Number of Shares being offered under the Offer issue upon completion of the Offer) Gross proceeds from the Offer $244.2 million Number of Shares
Slide 9: Key IPO dates and pricing metrics
Key IPO dates and pricing metrics Key Metroglass IPO dates Prospectus registered Monday 7 July 2014 Broker Firm Offer Opening Date Tuesday 15 July 2014 Broker Firm Offer Closing Date Monday 28 July 2014, 12.00 noon Allotment Date Tuesday 29 July 2014 Expected dispatch of holding statements Tuesday 2
Slide 10: Important notice
Important notice Important Notice The offer (the Offer) of fully paid ordinary shares (Shares) in Metro Performance Glass Limited (Metroglass) is made on the terms and conditions set out in a prospectus dated 7 July 2014 (the Prospectus). The Offer is not yet open. When the Offer opens, applications