Wagners Holding Co. Ltd. · ASX:WGN
Wagners — Investor Presentation (October 2019)
22 slides from Wagners's investor presentation, Oct 29, 2019
Slide 1: Equity Raising Presentation
EQUITY RAISING PRESENTATION OCTOBER 2019
Slide 2: Disclaimer
DISCLAIMER 1. The information in this presentation does not constitute personal investment advice. The presentation is not intended to be comprehensive or provide all information required by investors to make an informed decision on any investment in Wagners Holding Company Limited ACN 622 632 848 (
Slide 3: Executive Summary
EXECUTIVE SUMMARY ▪ Wagners Holding Company Limited (“Wagners” or the “Company”) seek to raise circa $40.0 million via a fully underwritten pro-rata 1 for 6.25 renounceable entitlement offer (“Offer”) ▪ Approximately 25.8 million new Wagners shares (“New Shares”) to be issued at $1.55 per new share
Slide 4: Agenda
AGENDA 1 Operational Update & Strategy 2 Equity Raising Overview 3 Key Risks 4 Foreign Jurisdictions 4
Slide 5: Operational Update & Strategy
OPERATIONAL UPDATE & STRATEGY
Slide 6: Operational Update: Construction Materials and Services
OPERATIONAL UPDATE Construction Materials and Services CEMENT ▪ Wagners recommenced the supply of cement to Boral on 22nd October 2019 after electing to suspend supply in March 2019 ▪ The Boral litigation, which relates to the initial supply suspension, is set down to be heard by the Supreme Court o
Slide 7: Operational Update: Construction Materials and Services
OPERATIONAL UPDATE Construction Materials and Services TRANSPORT ▪ Strong performance from long-term mining contracts in North-West Queensland ▪ New contracts have been awarded since June 30 ▪ Well placed to service the resurging resource sector MAJOR PROJECTS ▪ Revenues have been impacted by the de
Slide 8: Outlook: Construction Materials and Services
OUTLOOK Construction Materials and Services ▪ Continued competitive pressure in the SEQ construction materials market ▪ Working to secure major projects in the domestic resource and infrastructure sectors ▪ Large international LNG opportunities remain on foot ▪ Continue concrete plant roll-out ▪ Exp
Slide 9: Outlook: Concrete Plant Network
OUTLOOK Concrete Plant Network ▪ The concrete plant roll-out has initially targeted high growth areas of SEQ ▪ Sites shown on the map opposite show secured and potential sites – six sites currently operational and four sites currently under construction or in the development application and approval
Slide 10: Operational Update: New Generation Building Materials
OPERATIONAL UPDATE New Generation Building Materials WAGNERS COMPOSITE FIBRE TECHNOLOGIES (CFT) ▪ Market demand for CFT continues to grow ▪ New sales of bridges and pedestrian infrastructure continued from international markets (NZ, US, UK, UAE) in 1Q FY20 ▪ Consistent demand for crossarms in Austra
Slide 11: Outlook: New Generation Building Materials
OUTLOOK New Generation Building Materials Composite Fibre Technologies (CFT) In the near term, Wagners expects to: ▪ Increase crossarm sales into Victoria, Tasmania & New Zealand; ▪ Continue to grow pedestrian infrastructure and bridge sales both domestically and internationally; ▪ Build internation
Slide 12: US Opportunity
US OPPORTUNITY New Generation Building Materials ▪ The CFT business is targeting revenue from short span road bridges, pedestrian infrastructure and electrical crossarms ▪ Independent reports indicate there are in excess of 235,000 US bridges with identified repair needs ▪ Wagners’ key target market
Slide 13: Strategy
STRATEGY Overall strategy is to drive increased returns by: ▪ Growing and consolidating core construction materials business in Australia ▪ Continuing to look for and secure global projects in the construction materials business utilising our expertise and experience ▪ Growing our New Generation Bui
Slide 14: Equity Raising Overview
EQUITY RAISING OVERVIEW
Slide 15: Equity Raising Overview
EQUITY RAISING OVERVIEW Fully underwritten pro-rata 1 for 6.25 renounceable entitlement offer to raise gross proceeds of up to approximately A$40.0 million (“Offer”). Offer Size and Structure Approximately 25.8 million new Wagners shares (“New Shares”) to be issued. Offer price of A$1.55 per New Sha
Slide 16: Equity Raising Timetable
EQUITY RAISING TIMETABLE Date (AEDT1 unless otherwise stated) Announcement of Equity Raising Tuesday, 29 October 2019 Shares begin to trade on an “ex-entitlement” basis Thursday, 31 October 2019 7.00pm (AEDT) Friday, 01 Record date for determining Eligible Shareholders under the Entitlement Offer No
Slide 17: Proforma Balance Sheet
PROFORMA BALANCE SHEET Consolidated Group Debt drawdown Impact of the offer Proforma Balance Sheet 30 Jun 2019 $'000 Notes to Proforma Balance Sheet: Current Assets Cash and cash equivalents 6,101 367 6,468 The Pro Forma Balance Sheet at 30 June Trade and other receivables Inventories 42,661 19,515
Slide 18: Key Risks
KEY RISKS
Slide 19: Key Risks
KEY RISKS Key risks for equity raising participants ■ Wagners operates, and will continue to operate, through a series of contractual relationships with customers and suppliers. All contracts, including those entered into by the Company, carry a Contractual risks risk that the respective parties wil
Slide 20: Key Risks
KEY RISKS Key risks for equity raising participants ■ Wagners operates in an industry where environmental issues may potentially delay contract performance or result in a shutdown of a project, causing a deferral or preventing receipt of Environmental claims anticipated revenues. Environmental risks
Slide 21: Key Risks
KEY RISKS Key risks for equity raising participants Wagners may be adversely ■ Wagners may be adversely impacted by industrial relations issues in connection with its employees or the employees of its customers, contractors and suppliers due to strikes, work stoppages, work slowdowns, grievances, co
Slide 22: wagner.com.au
wagner.com.au
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