Verbrec Ltd · ASX:VBC
Verbrec — Investor Presentation (May 2019)
10 slides from Verbrec's investor presentation, May 23, 2019
Slide 1: LogiCamms acquisition of OSD Pty Ltd
Creating a platform to build the mid-tier specialist engineering and operations group in Australia and New Zealand LogiCamms acquisition of OSD Pty Ltd INVESTOR PRESENTATION MAY 2019 FEBRUARY 2 019 1
Slide 2: Strategic rationale for Merged LCM
Strategic rationale for Merged LCM Merged LCM positioned to be a leading mid-tier engineering services business with breadth and depth of technical capability, diverse client base and revenue streams. Substantial cross-selling opportunities Increased scale and complementary service offering across m
Slide 3: Transaction summary
Transaction summary Acquisition of OSD by LogiCamms • Issue of 118,469,070 consideration shares to OSD shareholders • Issue of 4,780,229 LCM Options to prescribed OSD executives (and cancel existing OSD Options) Merged LCM ownership structure • OSD shareholders will own 59% (118,469,070 shares) • LC
Slide 4: Key OSD strengths to benefit Merged LCM
Key OSD strengths to benefit Merged LCM Established in 1992, providing multi-disciplinary engineering, Engineering and Conceptual and feasibility studies: detailed operation and commercial services to the conventional and Project Management design, project management, EPCM and EPC unconventional oil
Slide 5: Merged LCM
Merged LCM Pro forma forecast FY19 DARWIN • Revenue approximately $120m • Normalised EBITDAI $6.7m • Work-in-hand $57m (January 2019) MACKAY LOGICAMMS OSD Board Management – Charles Rottier – Chris O’Neill BRISBANE Chairman Chief Executive Officer PERTH – Brian O’Sullivan AM – Dan Drewe – Linton Bur
Slide 6: Growth strategy for Merged LCM
Growth strategy for Merged LCM Markets 1. Oil and gas • Australia 2. Mining and minerals • New Zealand 3. Pipelines • PNG Strategic enablers 4. 5. Refining and chemicals Infrastructure • Pacific Islands 1. Expanded engineering capability 6. Defence 2. Cross-selling opportunities 3. Improved cost com
Slide 7: Integration plan
Integration plan Detailed integration plan to improve performance and Phase 1 increase momentum – Merge the businesses, improve systems and processes to enhance efficiency and profitability • Leverage shared service functions – Develop a common culture to realise overhead cost savings – Reduce overh
Slide 8: Summary of key risks to LCM Shareholders
Summary of key risks to LCM Shareholders Transaction specific risks Merged LCM risks • Completion of the Transaction • Fewer expected synergies • Reliance on information related to and provided by OSD • Recruitment, retention and motivation • Uncertainty around execution of the Transaction of key pe
Slide 9: Next steps
Next steps Notice of Meeting dispatched to shareholders 22 May 2019 Last date for receipt of proxy forms 9:00am, 22 June 2019 Extraordinary General Meeting 24 June 2019 Transaction completion 28 June 2019 9
Slide 10: Disclaimer
Disclaimer The purpose of this presentation is to provide general information about LogiCamms Limited (Company). It is not recommended that any person makes any investment decision in relation to the Company based solely on this presentation. This presentation does not contain all information which