Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — Merger or Acquisition (October 2016)
20 slides from Helloworld Travel's merger presentation, Oct 21, 2016
Slide 1: Acquisition of 50% of MTA and capital raising
For personal use only Acquisition of 50% of MTA and capital raising NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer For personal use only This presentation has been prepared by Helloworld Limited ("Helloworld") in relation to the acquisition by Helloworld of Mobile Travel Australia ("MTA") and an institutional placement of new fully paid ordinary shares in Helloworld to fund (in pa
Slide 3: Important Notice and Disclaimer (continued)
Important Notice and Disclaimer (continued) For personal use only Future performance (continued) Past performance information given in this presentation is given for illustrative purposes only and is not necessarily a guide to future performance and no representation or warranty is made by any perso
Slide 4: Agenda
Agenda For personal use only 1. Introduction 2. Overview of MTA 3. Details of the equity raising 4. Risks and Foreign Selling Restrictions Acquisition of 50% of MTA and Capital Raising • PAGE 4 Helloworld Limited
Slide 5: Helloworld acquires 50% of MTA to expand its network
Helloworld acquires 50% of MTA to expand its network For personal use only Helloworld has agreed to acquire 50.0% of Mobile Travel Holdings Pty Ltd and its subsidiaries (MTA) – a leading home based travel consultancy business in Australia. Existing shareholders and management of MTA will continue to
Slide 6: Overview of MTA
For personal use only Overview of MTA Acquisition of 50% of MTA and Capital Raising • PAGE 6 Helloworld Limited
Slide 7: Overview of MTA
Overview of MTA For personal use only • Home based travel consultancy service provided by franchised mobile travel consultants throughout Australia • MTA brings experienced mobile travel consultants directly to customers – wherever that customer may be • Approximately 350 members nationally • Expert
Slide 8: MTA and Helloworld at a glance
MTA and Helloworld at a glance For personal use only • MTA will be a corporate member of Helloworld and will have access to the Helloworld Group’s buying power and product range • MTA gives Helloworld access to a rapidly expanding market – supports the omni-channel strategy • MTA’s budgeted EBITDA f
Slide 9: Details of the equity raising
For personal use only Details of the equity raising Acquisition of 50% of MTA and Capital Raising • PAGE 9 Helloworld Limited
Slide 10: Overview of Funding
Overview of Funding For personal use only • Consideration of $14.0 million for 50.0% of MTA Sources and uses ($m) – Funded through a fully underwritten $30.0 Sources $m Uses $m million institutional placement (“Placement”) Fully underwritten of approximately 7.0 million fully paid ordinary instituti
Slide 11: Institutional Placement
Institutional Placement For personal use only Fully underwritten institutional Placement of approximately 7.0 million fully paid Offer Structure and Size ordinary shares to raise approximately $30.0 million (at the underwritten floor price of $4.25 per share) Underwritten floor price of $4.25 per sh
Slide 12: Indicative Timetable
Indicative Timetable For personal use only Trading halt Friday, 21 October 2016 Bookbuild for Placement conducted Announcement of completion of Placement (before market opens) Monday, 24 October 2016 Trading halt lifted; normal trading resumes Settlement of shares issued under the Placement Wednesda
Slide 13: Key Risks & Foreign Selling Restrictions
For personal use only Key Risks & Foreign Selling Restrictions Acquisition of 50% of MTA and Capital Raising • PAGE 13 Helloworld Limited
Slide 14: Business risks and acquisition risks
Business risks and acquisition risks For personal use only The principal risk factors which Helloworld shareholders and investors should consider include those described below. The risks identified in this section are not exhaustive. Completion risk The MTA 50% acquisition does not complete on the s
Slide 15: Business risks and acquisition risks (cont…)
Business risks and acquisition risks (cont…) For personal use only Reliance on key The continued success of Helloworld and MTA will, in part, be reliant on the future performance, abilities and expertise of its senior personnel management team. There is no guarantee that Helloworld and MTA will be a
Slide 16: Business risks and acquisition risks (cont…)
Business risks and acquisition risks (cont…) For personal use only Industry competition Helloworld and MTA will face strong competition from both Australian and international travel companies, including online travel companies and from product suppliers and other providers of travel related goods an
Slide 17: Foreign Selling Restrictions
Foreign Selling Restrictions For personal use only This document does not constitute an offer of new ordinary shares ("New Shares") of 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 offer
Slide 18: Foreign Selling Restrictions (cont…)
Foreign Selling Restrictions (cont…) For personal use only 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 d
Slide 19: Glossary
Glossary For personal use only Acquisition The proposed acquisition of 50% of MTA ASIC Australian Securities and Investments Commission ASX ASX Limited or, as the context requires, the financial market known as the Australian Securities Exchange Corporations Act Corporations Act 2001 (Cth) as amende
Slide 20: For personal use only
For personal use only Helloworld Limited
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