Maas Group Holdings Ltd. · ASX:MGH
Maas — Investor Presentation (July 2021)
24 slides from Maas's investor presentation, Jul 1, 2021
Slide 1: Capital Raise Presentation
For personal use only Capital Raise Presentation 1 July 2021 1
Slide 2: Important Notices & Disclaimers
2 This presentation has been prepared by, and is the sole responsibility of, Maas Group Holdings Ltd ACN 632 994 542 (MGH or the Company) and its subsidiaries and business’ and is dated 1 July For personal use only IMPORTANT 2021. The Company is under no obligation to update or keep the information
Slide 3: Ownership
OWNERSH Empowered to get it done and be accountable for the results
Slide 4: Executive Summary
For personal use only EXECUTIVE SUMMARY Proposed Equity Capital Raising Recap of Recent Announcements Earnings Guidance / Outlook ► MGH to raise up to $75m via an Institutional ► 28 June 2021: MGH continues to deliver on growth ► MGH confirms its FY21 earnings guidance of EBITDA Placement and Condit
Slide 5: Capital Raising Summary
For personal use only CAPITAL RAISING SUMMARY Maas Group Holdings Limited (“MGH”) will raise up to $75m by way of an Institutional Placement and Conditional Placement and up to $15m by way of a Share Purchase Plan (“SPP”) to provide funding flexibility to support its growth strategy (“the Offer”) ►
Slide 6: Sources & Uses of Funds
For personal use only SOURCES & USES OF FUNDS Sources of funds $m ► The funds raised under the Offer will be used to enhance MGH’s financial capacity to fund growth and acquisition initiatives, including near-term Institutional Placement 46.0 opportunities in residential property and construction ma
Slide 7: Summary of Recent Announcement
For personal use only SUMMARY OF RECENT ANNOUNCEMENT On 28 June 2021, MGH announced that it continues to deliver on growth strategy through strategic and complementary acquisitions of businesses and property assets to support long term growth across multiple business segments with $12.5m Pro Forma E
Slide 8: Earnings Guidance Confirmation and Outlook
For personal use only EARNINGS GUIDANCE CONFIRMATION AND OUTLOOK MAAS Group again confirms its FY21 earnings guidance of EBITDA of $70m - $77m FY21 earnings guidance MGH confirms its FY21 earnings guidance of EBITDA of $70m - $77m, excluding the earnings impact of recent acquisitions that were ann
Slide 9: Construction Materials - Highlights & Outlook
For personal use only CONSTRUCTION MATERIALS - HIGHLIGHTS & OUTLOOK Foundations laid to capitalise and grow Tonnage from MGH’s high quality, strategically located quarry assets to increase in the next 12 months (from approximately 1m tonnes sold in FY20 to above 2m tonnes in FY22) Contribution f
Slide 10: Real Estate - Highlights & Outlook
REAL ESTATE - HIGHLIGHTS & OUTLOOK For personal use only High demand for properties and price appreciation delivered material earnings growth ► Real Estate (Residential) Growing pipeline of approximately 4,800 lots, representing >15 year pipeline at today’s delivery rates Strong demand supportin
Slide 11: Real Estate (Industrial and Commercial) - Highlights & Outlook
REAL ESTATE - HIGHLIGHTS & OUTLOOK For personal use only High demand for properties and price appreciation delivered material earnings growth ► Real Estate (Industrial and Commercial) A key element of MGH’s Real Estate growth strategy is to create value through commercial and industrial property d
Slide 12: Civil Construction & Hire - Highlights & Outlook
For personal use only CIVIL CONSTRUCTION & HIRE - HIGHLIGHTS & OUTLOOK A number of projects commenced delivering immediate returns in FY21 as well as establishing a foot hold for FY22 and beyond Strong pipeline and forward order book – approximately 60 – 70% secured for he next 12 months Good vi
Slide 13: Manufacturing, Sales & Services - Highlights & Outlook
For personal use only MANUFACTURING, SALES & SERVICES1 HIGHLIGHTS & OUTLOOK Continued improvement for inhouse and toll manufacturing to capitalise on growing pipeline from global demand Expansion of product range through VMS supporting expected double-digit growth in FY22 Demand for products and
Slide 14: Timetable
For personal use only TIMETABLE Event Date Record date for SPP 7:00pm (AEST) Wednesday, 30 June 2021 Trading halt and announcement of Placement and SPP Thursday, 1 July 2021 Placement bookbuild Thursday, 1 July 2021 Announcement of outcome of the Placement and resume normal trading Friday, 2 July 20
Slide 15: Appendices: Key Risks
15 For personal use only APPENDICES ▸ Key risks 15
Slide 16: Key Risks
For personal use only KEY RISKS Key risk ► MAAS Group’s employees are at risk of workplace accidents and incidents given the nature of the industries in which MAAS Group operates. ► A serious accident may occur, causing damage, injury or death, which may have operational implications for MAAS Group
Slide 17: Key Risks (cont.)
For personal use only KEY RISKS (CONT.) Key risk ► The Australian residential property market can be cyclical and risk is always present when land is acquired for future development. This may impact the timeline for completion of sales or whether sales can be completed at all which may affect MAAS G
Slide 18: Key Risks (cont.)
For personal use only KEY RISKS (CONT.) Key risk ► MAAS Group has significant manufacturing operations in Vietnam and sources equipment and parts from overseas. These costs are exposed to foreign currencies. Movements ► MAAS Group’s currencies with annual exposure >A$1.0m currently include USD, VND,
Slide 19: Key Risks (cont.)
For personal use only KEY RISKS (CONT.) Key risk ► Following Completion of the Offer, the Maas Family will retain a significant holding and will therefore have significant influence over MAAS Group. Capital structure ► This interest may also have an impact on liquidity (particularly having regard to
Slide 20: Appendices: Selling Restrictions
20 For personal use only APPENDICES ▸ Selling restrictions 20
Slide 21: Selling Restrictions
For personal use only SELLING RESTRICTIONS Hong Kong WARNING: This document has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the Securities and Futures Commission in
Slide 22: Appendices: Underwriting Agreement
22 For personal use only APPENDICES ▸ Underwriting agreement 22
Slide 23: Underwriting Agreement
For personal use only UNDERWRITING AGREEMENT The Company has entered into the underwriting agreement (Underwriting Agreement) with MA Moelis Australia Advisory Pty Ltd ABN 72 142 008 446 (Moelis) and Morgans Corporate Limited ABN 32 010 539 607 (Morgans) on an exclusive basis to act as joint bookrun
Slide 24: Contact
For personal use only Contact HQ: 20L Sheraton Road, Dubbo NSW 2830 Postal: PO Box 4921, Dubbo NSW 2830 P: 02 5852 1800 E: info@maasgroup.com.au ACN: 632 994 542
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