Beetaloo Energy Australia Limited · ASX:BTL
Beetaloo Energy Australia — Investor Presentation (August 2018)
13 slides from Beetaloo Energy Australia's investor presentation, Aug 6, 2018
Slide 1: Unlocking Australia's Energy Future: Equity Raising Presentation
UNLOCKING AUSTRALIA’S ENERGY FUTURE EQUITY RAISING PRESENTATION JULY 2018
Slide 2: Transformational Equity Raising
Transformational Equity Raising Empire Energy is executing on its strategy to reduce debt and unlock the significant potential of its 14.5 million acre Greater McArthur Basin shale asset ✓ Transformational equity raising to de-leverage and return to growth ✓ Cornerstone support from Macquarie Bank,
Slide 3: Equity Raising - Overview
Equity Raising - Overview Key elements Details The transaction consists of the following components: • Two Tranche Institutional Placement (“Institutional Placement”) to raise approximately A$15.0m via the issue of 750m new Empire Energy shares; - Tranche 1 – ~189.8m shares utilizing the company’s c
Slide 4: Sources and Use of Funds
Sources and Use of Funds The Equity Raise will materially reduce gearing levels and provide Empire with the financial capacity to return to growth Sources A$m Commentary Institutional Placement 15.0 • A$15m secured from existing shareholders and new Debt to Equity Conversion1 5.4 institutional and s
Slide 5: Refinanced Credit Facility
Refinanced Credit Facility Empire’s new facility has been reduced from US$38m to US$26.5m with additional equity support from Macquarie Key terms Details Lender • Macquarie Facility Availability • US$26.5m Maturity Date • February 2022 • First lien security over US assets Security • Guarantee from E
Slide 6: Equity Raising – Pro Forma Balance Sheet
Equity Raising – Pro Forma Balance Sheet As at 30 June, Changes due to Pro-forma post- 2018 capital raising capital raising Commentary ASSETS A$000’s A$000’s Cash and cash equivalents 1,545 3,374 4,919 • Pro forma cash of ~A$5m (aligns with 30 June 2018 Trade and other receivables 5,107 - 5,107 cash
Slide 7: Impact on Shareholder Register
Impact on Shareholder Register The transformational raise from new and existing investors, combined with cornerstone support from Macquarie creates a strong register with increased liquidity Existing Register Pro Forma Register 1 5.50% 3.03% 4.24% 14.58% Management Management 32.66% Macquarie Macqua
Slide 8: Equity Raising Timetable
Equity Raising Timetable Key Event Date1 Trading Halt 9.45am, Thursday 2nd August 2018 Offer Closes 12pm, Friday 3rd August 2018 Trading Halt Lifted, Capital Raising Announced and Resume Trading Monday 6th August 2018 Announcement of EGM Monday 6th August 2018 Settlement of Tranche 1 of New Placemen
Slide 9: Summary of resolutions at EGM
Summary of resolutions at EGM Key Resolutions Commentary1 1 Ratification of Tranche 1 share issue • Notice of meeting expected to be despatched by Friday 17th August 2018 2 Shareholder approval for Tranche 2 share issue - EGM Notice period from 22 August to 19 September - EGM expected to be held on
Slide 10: Appendices
fa - oF > EMPIRE energy APPENDICES 10
Slide 11: Key Risks
Key Risks • Exploration Risk – Empire and its subsidiaries have interests in assets at various stages of exploration, appraisal and development. Many leases have had very low levels of exploration undertaken to date and may not yield commercial quantities of hydrocarbons. Oil and gas exploration is
Slide 12: Key Risks (continued)
Key Risks (continued) • Native Title and Aboriginal Land - The Tenements extend over areas in which legitimate common law native title rights of indigenous Australians exist. The ability of the Company to gain access to its Tenements and to conduct exploration, development and production operations
Slide 13: Disclaimer & Confidentiality
DISCLAIMER & CONFIDENTIALITY This presentation has been prepared by Empire Energy Group Limited (“Empire” or the “Company”). The information in this presentation is information of a general nature and is subject to change without notice. The information in this presentation does not purport to be co
Beetaloo Energy Australia — Investor Presentation (August 2018) on 6ix