Maxiparts Limited · ASX:MXI
Maxiparts — Investor Presentation (May 2023)
15 slides from Maxiparts's investor presentation, May 2, 2023
Slide 1: Acquisition – Förch Australia
Acquisition – Förch Australia
Slide 2: Important Information
Important Information This document contains forward looking statements. Forward looking statements, opinions and estimates contained in this document involve a number of risks, assumptions and contingencies, many of which are beyond the control of MaxiPARTS and its related bodies corporate (MaxiPAR
Slide 3: Table of Contents
Table of Contents Executive Summary 4 Strategic Rationale 6 Acquisition Overview 8 Appendix 12 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY
Slide 5: Executive Summary
Executive Summary • MaxiPARTS has entered into a binding agreement to acquire 80% of the shares of Förch Australia Pty Ltd for an estimated $9.7 million in cash subject to normal Acquisition of Förch working capital adjustments Australia Pty Ltd • Put and call option linked to the acquisition of the
Slide 6: Strategic Rationale
STRATEGIC RATIONALE
Slide 7: Aligns with Core M&A Strategy
Aligns with Core M&A Strategy Criteria Förch Australia Supplier of workshop consumables to a variety of B2B Operating in the commercial vehicle parts market customers, including the Commercial vehicle market Enhances Group’s core product range into a logical Enhances product range and geographies ad
Slide 8: Acquisition Overview
ACQUISITION OVERVIEW
Slide 9: FÖRCH Australia Overview
FÖRCH Australia Overview • Australian distributor of quality tools and consumables • Products are used for mining maintenance, engineering, workshops, panel beaters, truck & bus maintenance and mechanical • Existing exclusive Australian FÖRCH product distribution agreement runs to April 2030 • Locat
Slide 10: FÖRCH Australia Overview
FÖRCH Australia Overview • Australian Market maturity Western Australia market is the most mature (11 years in operation) Melbourne operations started up Jan-20 (just before COVID-19) SE QLD market serviced via 3rd party dealership All other Australian markets are largely untapped • Diverse customer
Slide 11: Acquisition Overview
Acquisition Overview Key Acquisition Terms • Estimated to be $9.7 million (subject to normal working capital adjustments) for 80% ownership. The acquisition is on Purchase Price a debt free basis. • Exercisable between 2 and 5 years from completion • An agreed valuation methodology of a maximum 7 ti
Slide 12: Appendix
APPENDIX
Slide 13: Divisional Hierarchy
Divisional Hierarchy Ny! MAXIPARTS LIMITED .- ° lm ~ (M)MaxiPARTS FARCH
Slide 14: About MaxiPARTS
About MaxiPARTS • MaxiPARTS is one of Australia’s largest distributors of commercial truck and trailer parts with 27 stores conveniently situated across Australia • Over 15,000 truck and trailer parts for sale online, and over 50,000 different parts stocked in stores nationwide • Core product range
Slide 15: Slide 15