Slide 1: Placement and Share Purchase Plan
Placement and Share Purchase Plan
Slide 2: Important Information
IMPORTANT INFORMATION This presentation (“Presentation”) has been prepared by and is the sole responsibility of Dicker Data Limited (ABN 95 000 969 362) (“Dicker Data” or the “Company”) in connection with an institutional placement of new fully paid ordinary shares in Dicker Data (“Placement”). The
Slide 3: Important Information
IMPORTANT INFORMATION The Lead Manager, its affiliates and related entities, and its and their respective directors, employees, officers, agents and advisers (“J.P. Morgan Group”) who is acting as underwriter to the Company, does not accept any fiduciary obligations to or relationship with you, any
Slide 4: Important Information
IMPORTANT INFORMATION Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements, as well as statements about market and industry trends, which are based on interpretations of current market conditions. You are strongly cautioned not t
Slide 5: Business Update
BUSINESS UPDATE Dicker Data is well positioned to assist its partners through the journey of digital transformation Value added partner Demonstrated resilience Strong Q1 financial performance • Dicker Data is a leading value added • Dicker Data has not experienced any • Total revenue for the quarter
Slide 6: April Trading Update
APRIL TRADING UPDATE The Company has achieved strong year to date revenue growth $m Apr-20 Apr-19 Increase Total monthly revenue 163.7 118.9 37.7% Year to date revenue 627.6 505.8 24.1% • Total monthly revenue for Apr-20 was $163.7m, up 37.7% on the comparative period last year • For April, we benef
Slide 7: Capital Raising to Accelerate Growth
CAPITAL RAISING TO ACCELERATE GROWTH Proceeds from the equity raising will support the Company’s long -term growth objectives “ The equity raising will be used to support Dicker Data’s long-term • $50 million institutional placement (“Placement”) and up to $5 million via a Share growth objectives, a
Slide 8: Use of Proceeds
USE OF PROCEEDS Sources A$m • Construction is underway on our new distribution centre, which will nearly Offer proceeds 501 New double our existing footprint distribution TOTAL 50 centre • Expected completion is October 2020 with ~$30m of staged payments remaining until completion Uses • In FY20 we
Slide 9: Equity Raising Summary
EQUITY RAISING SUMMARY Fully underwritten Placement to raise $50m accompanied by non -underwritten SPP • Fully underwritten Placement to raise $50m Placement size and • Approximately 7.5 million new Dicker Data ordinary shares will be issued in connection with the Placement (equivalent to 4.6% of ex
Slide 10: Equity Raising Timetable
EQUITY RAISING TIMETABLE Event Date 1 Record date for SPP Wednesday, 6 May 2020 Trading halt and announcement of the Placement Thursday, 7 May 2020 Placement executed Thursday, 7 May 2020 Announcement of the outcome of the Placement Friday, 8 May 2020 Trading halt lifted and trading of Shares recomm
Slide 11: Key Risks
KEY RISKS Risk factor Summary Dicker Data has significant exposure to certain suppliers including Hewlett Packard, Cisco, Microsoft and Lenovo. Supplier agreements entered into with these suppliers (and others) are on a non-exclusive basis and do not contain minimum supply obligations. Most of the s
Slide 12: Key Risks (Cont'd)
KEY RISKS (CONT’D) Risk factor Summary The main source of credit risk to the Company relates to its trade and other receivables. Although the Company has no significant concentration of credit risk with respect to any single counterparty or group of counterparties, an unlikely simultaneous default o
Slide 13: Key Risks (Cont'd)
KEY RISKS (CONT’D) Risk factor Summary Laws, regulations and Changes in laws, regulations, Listing Rules and government policy as well as political decisions may affect the Company and the attractiveness of an investment in the government policy Company. The Company may be adversely affected by a pr
Slide 14: Key Risks (Cont'd)
KEY RISKS (CONT’D) Risk factor Summary The price of Shares may rise or fall depending upon a range of factors beyond the Company’s control some of which are unrelated to the Company’s operational performance. The price of Shares quoted on ASX may also be affected by a range of factors including the
Slide 15: Foreign Selling Restrictions
FOREIGN SELLING RESTRICTIONS This document does not constitute an offer of New Shares by the Company in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside of Australi
Slide 16: Foreign Selling Restrictions (Cont'd)
FOREIGN SELLING RESTRICTIONS (CONT’D) Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials
Slide 17: Foreign Selling Restrictions (Cont'd)
FOREIGN SELLING RESTRICTIONS (CONT’D) Any invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) received in connection with the issue or sale of the New Shares has only been communicated or caused to be communicated and will only be communicated or
Slide 18: Underwriting Risk
UNDERWRITING RISK Underwriting risk Dicker Data has entered into an underwriting agreement under which the Lead Manager of the Placement has agreed to fully underwrite the Placement, subject to the terms and conditions of the Placement Agreement between Dicker Data (ABN 95 000 969 362) (“Dicker Data
Slide 19: Annexure
ANNEXURE Annexure Termination (a) The Lead Manager may in its sole discretion, by notice to the Issuer, terminate the Placement Agreement (Terminate or Termination), without cost or liability to itself, at any time, if any one or more of the following occur before 4.00pm on the Settlement Date: (i)
Slide 20: Annexure (Cont'd)
ANNEXURE (CONT’D) (vi) (quotation) ASX does not, or states that it will not, grant official quotation of all the Placement Shares on an unconditional basis (or on a conditional basis provided such condition would not, in the opinion of that Lead Manager, have a material adverse effect on the Placeme
Slide 21: Annexure (Cont'd)
ANNEXURE (CONT’D) (b) The Lead Manager may in its sole discretion, by notice to the Issuer, terminate, without cost or liability to itself, at any time, if any one or more of the following occur before 4.00pm on the Settlement Date and the Lead Manager has reasonable grounds to believe that such eve
Slide 22: Annexure (Cont'd)
ANNEXURE (CONT’D) (ix) (banking disruption) there is: (A) trading in all securities quoted or listed on ASX, the London Stock Exchange or the New York Stock Exchange is suspended or limited in a material respect for one day on which the exchange is open for trading (Trading Day) or substantially all