Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — Investor Presentation (April 2011)
23 slides from Southern Cross Electrical Engineering's investor presentation, Apr 18, 2011
Slide 1: Capital Raising Presentation: Creating a Platform for Growth
For personal use only Southern Cross Electrical Engineering (ASX: SXE) Capital Raising Presentation “Creating a Platform for Growth” Southern Cross Electrical Engineering 1 www.scee.com.au
Slide 2: Disclaimer
Disclaimer For personal use only Southern Cross Electrical Engineering Limited ABN 92 009 307 046 (SCEE) has prepared this presentation based on information available to it. This Presentation contains summary information about SCEE and its subsidiaries (Group) and their activities current as at the
Slide 3: Forward looking statements
Forward looking statements For personal use only The statements in this presentation regarding the future and commercial prospects of SCEE are forward looking and actual results could be materially different from those expressed or implied by such forward looking statements as a result of various ri
Slide 4: Executive Summary
Executive Summary For personal use only ■ SCEE is a leading provider of international electrical and instrumentation services to Overview the mineral resources and Oil & Gas sectors ■ Excellent growth prospects in key markets over the near to medium term ■ Growing orderbook with work in hand current
Slide 5: Investment Highlights
Investment Highlights For personal use only Recognised industry leader in a specialised high growth market Exposure to high growth project markets such as Oil & Gas, iron ore and gold sectors Long term relationships with blue‐chip client base (Rio Tinto, Woodside, BHP, FMG, QGC) Typical contract len
Slide 6: SCEE Background
SCEE Background For personal use only • Established in 1978 as a privately owned Electrical and Instrumentation Contractor (E&I) • Listed on the ASX November 2007 • Founder Frank Tomasi, will participate in the raising and remains a committed major shareholder with a 40.0% shareholding post the capi
Slide 7: SCEE – an E&I Market Leader
SCEE – an E&I Market Leader For personal use only Core values, Our Customers Our Performance • Proven track record with blue‐chip customers over 32 years • Proven ability to set‐up and perform in remote key locations Our People strengths • A deeply experienced team across all levels of the business
Slide 8: Tender pipeline
Tender pipeline For personal use only Approx $1 billion of projects in the tender/ negotiation phase for work to be executed over the next 3 – 5 years:‐ • Gorgon underground E&I work • Rio Tinto 333mtpa programme • QGC upstream • Sino Iron / MCC various packages • FMG upgrades Forward order book cur
Slide 9: Target For Growth
Target For Growth For personal use only $100m $250m+ FY11 FY12 FY13 FY14 FY15 • Targeting aggressive organic growth (30% + compound growth) • Grow the top line revenue figure • Grow the bottom line EBITDA/NPAT in absolute and in % terms • International (DR/Peru/PNG/Mongolia) expected to be up in 10‐
Slide 10: Minerals and Metals
Minerals and Metals For personal use only Southern Cross Electrical Engineering is well positioned to achieve its growth target from future global Minerals and Metals projects from its long term relationships, reputation for delivery, quality and safety. CAPEX Estimate* ($bn) ... and future projects
Slide 11: Oil and Gas
Oil and Gas For personal use only Southern Cross Electrical Engineering is well positioned to achieve its Oil and Gas market growth target from future projects through the sound project delivery at Pluto and from its CSG contracts CAPEX Estimate* ($bn) Source Client Data ... and future projects • Go
Slide 12: Key Initiatives to Support/Facilitate Growth
Key Initiatives to Support/Facilitate Growth For personal use only • Strengthened balance sheet via capital raising • Board Changes & highly experienced MD appointed • Retention/Expansion of Capacity (people strategy) • Doubled our apprentice intake FY09‐FY11, will further increase FY12 onwards • In
Slide 13: Use of proceeds
Use of proceeds For personal use only Strengthened balance sheet capacity to participate in unprecedented pipeline of near – medium term committed projects ■ Growth capital required to strengthen balance sheet for current and future negotiations with: Blue chip clients on large scale schedule of r
Slide 14: Overview of the Placement
Overview of the Placement For personal use only ■ $30 million institutional placement via 2 tranches: Placement ■ Tranche 1: 18.5 million new shares at $0.90 per share to raise approximately $16.6 million Offer size ■ Tranche 2: 14.9 million new shares at $0.90 per share to raise approximately $13.4
Slide 15: Overview of the Share Purchase Plan
Overview of the Share Purchase Plan For personal use only Eligible ■ Open to eligible Australian and New Zealand shareholders registered at the record date of Shareholders Friday 15 April 2011 Application ■ Subscriptions may be for up to a value of approximately $15,000 in SCEE shares Amount ■ SPP p
Slide 16: Indicative timetable
Indicative timetable For personal use only Key dates – Placement Trading halt Thursday, 14 April 2011 ASX Announcement and SCEE share recommence trading on ASX Monday, 18 April 2011 Tranche 1 Placement settlement Wednesday, 27 April 2011 Tranche 1 New Placement Shares commence trading Thursday, 28 A
Slide 17: Appendices – Current contracts
For personal use only Appendices – Current contracts Southern Cross Electrical Engineering 17 www.scee.com.au
Slide 18: Mt Keith
Mt Keith For personal use only Southern Cross Electrical Engineering 18 www.scee.com.au
Slide 19: Pluto
Pluto For personal use only Image courtesy of Woodside 19 Southern Cross Electrical Engineering 19 www.scee.com.au
Slide 20: SCEE East Coast - Coal Seam Gas
SCEE East Coast ‐ Coal Seam Gas For personal use only Southern Cross Electrical Engineering 20 20 www.scee.com.au
Slide 21: Pueblo Viejo Project – Dominican Republic
Pueblo Viejo Project – Dominican Republic For personal use only Southern Cross Electrical Engineering 21 21 www.scee.com.au
Slide 22: KJ Johnson
KJ Johnson For personal use only Southern Cross Electrical Engineering 22 www.scee.com.au 22
Slide 23: Hindle Offshore Services
Hindle Offshore Services For personal use only Southern Cross Electrical Engineering 23 www.scee.com.au 23
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