Mader Group Ltd · ASX:MAD

Mader — IPO Roadshow (September 2019)

37 slides from Mader's IPO roadshow presentation, Sep 30, 2019

  1. Slide 1: ASX Announcement: Presentation

    30 SEPTEMBER 2019 ASX ANNOUNCEMENT For personal use only PRESENTATION Mader Group Limited (ACN 159 340 397) (ASX:MAD) (the Company) provides a copy of the Company’s Management Presentation, which was presented to sophisticated and professional investors as part of the Company’s IPO Roadshow from 5 –

  2. Slide 2: Management Presentation - Initial Public Offer

    For personal use only Management Presentation MADER GROUP LIMITED | Initial Public Offer | August 2019 re. a MADER

  3. Slide 3: Disclaimer

    Disclaimer MADER This presentation has been prepared by Mader Group Limited (ACN 159 340 397) and Mader SaleCo Pty Ltd (ACN 629 771 982) (collectively "Mader’, ‘Mader Group’ and the “Company’). The information contained in this presentation is for information purposes only and has been prepared for

  4. Slide 4: For personal use only

    Yigg Al i USE'G ersona! leading supplier of or maintenance of heavy ent (HME) in Australia. The ied from an in-house pool illed employees.

  5. Slide 5: For personal use only

    History of growth Proven business model Unique competitive position Outsourced labour - industry structure Increasing demand for maintenance Replicating the business model Global platform Growth opportunities and addressable market Attractive and diverse client base Management and business units Uni

  6. Slide 6: History of growth

    For personal use only    FY           5

  7. Slide 7: For personal use only

    For personal use only 36% 23% 18% 11% 12% 6

  8. Slide 8: For personal use only

    For personal use only                                7

  9. Slide 9: Outsourced Labour is Built into the Industry Structure

    3 MADER Outsourced Labour is Built into the Industry Structure Large mining companies use outsourced labour to supplement their own workforce to meet fluctuating maintenance requirements and to top up specialist skills Breakdown of customer maintenance workforce [illustrative example only) pplies ja

  10. Slide 10: Increasing Demand for Maintenance Services

    Q % MADER /|ncreasing Demand for Maintenance Services Growth in mining tonnes produced + aging fleets = increasing demand for maintenance labour Annual capital expenditure on Arange of positive underlying trends new mobile mining equipment in Australia for Mader: 18,000 = Ongoing production growth i

  11. Slide 11: Replicating the Business Model

    Q % MADER Replicating the Business Mode! Track record of replicating the business model in new areas I Pilbara Rostered 7 OB Africa in 2010 EB Accillary in 2016 § SAin2018 (0) Pilbara Field/Shutdown origi Mongolia in 2012 HB QLD in 2016 HB Nswin 2078 Perth Workshop Hi Goldfields in 2015 Hi NT in 201

  12. Slide 12: Expanding Global Platform

    MADER Expanding Globa! Platform USA Nevada Wyoming Arizona Tennessee New Mexico o SOUTH AMERICA Chile * ao AFRICA Mauritania Senegal Mali EAST ASIA Mongolia peeeeceeen® Northern Territory Tanami “eo Queensland Brisbane Bowen Basin Surat Basin Far North Queensland New South Wales Hunter Valley Gunned

  13. Slide 13: Growth opportunities and addressable market

    Growth opportunities and addressable market MTPA means Million Metric Tonnes Per Annum (FY2018 Run of Mine Production) Hi Current markets (0) Recently entered markets Potential markets 9 CENTRAL ASIA | MTPA AUSTRALIA | MTPA East Coast Coal i © DRCCopper 40 Source: Global Data Intelligence Centre

  14. Slide 14: USA Expansion Update

    MADER USA Expansion Update In August 2018, Mader opened an office in Colorado as its base to commence US operations The US business is now generating revenue and growing. A pool of 20+ skilled employees are servicing 11 clients across 15 sites The US resources sector is well . Spring Cree suited to

  15. Slide 15: A top tier client base

    Q % MADER Atoptierclient base BHP Mh ~ QO BARRICK NEwiionr a2 Peabody MACMAHON S| ENERGY & . FIRST EU db CITIC PACIFIC Wrhicss BN itining

  16. Slide 16: A diversified and recurring client base

    Q %, MADER A diversified and recurring client base Top 10 customers FY2019* Recurring customers FY2019* = Direct customer relationship with multiple divisions/sites within the larger companies Top Customer 14% = Reliance on Top 5 customers reduced from 61% of revenue in FY2016 > 39% in FY2019 Custom

  17. Slide 17: For personal use only

    For personal use only      16

  18. Slide 18: Group management

    MADER Group management Former tradespeople who know the industry Longstanding relationships with leading customers Performance orientated management culture An established profit share bonus system for the Executive Team and GMs Executive Team Luke Mader Founder and Executive Director 145 years of s

  19. Slide 19: For personal use only

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  20. Slide 20: For personal use only

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  21. Slide 21: Experienced Board

    MADER Experienced Board Jim Walker Non-Executive Chairman Luke Mader Founder and Executive Director Craig Burton Non-Executive Director Patrick Conway Executive Director and Chief Executive Officer Justin Nuich Non-Executive Director Over 40 years’ experience in the resources sector. Former MD/CEO o

  22. Slide 22: For personal use only

    For personal use only 21

  23. Slide 23: For personal use only

    For personal use only FY14 FY15 FY16 FY17 FY18 FY19* 22

  24. Slide 24: For personal use only

          For personal use only Comments 23

  25. Slide 25: For personal use only

    For personal use only      Comments 24

  26. Slide 26: For personal use only

          For personal use only      25

  27. Slide 27: For personal use only

           For personal use only Comments 26

  28. Slide 28: Offer and Capital Structures

    MADER Offer and Capital Structures Offer Price Number of Shares on issue Shares to be sold under the Retail Offer and the Institutional Offer AS1.00 200 million 467 million - SO million Shares to be sold under the Employee Offer 3.3 million Employee Offer Price ASO.S0 Amount to be raised for Existin

  29. Slide 29: Indicative Timetable

    MADER Indicative Timetable Book build opens Tuesday 13' August 2019 Book build closes Tuesday 13" August 2019 Prospectus lodgement Friday 16th August 2019 Retail Offer opens Friday 234 August 2019 Retail Offer closes Thursday 12% September 2019 Settlement of the Offer Thursday 19% September 2019 Iss

  30. Slide 30: Our Vision

    re: %, MADER Our Vision To be the outsourced provider of choice To maintain our superior customer service, people and culture To be the first choice place of employment for quality tradespeople in equipment maintenance To replicate and grow our business model

  31. Slide 31: For personal use only

    For personal use only 30

  32. Slide 32: Better, Safer, Mader

    Better, Safer, Mader MADER Safety Performance - LTIFR and TRIFR 0 eA 8 66 6 53 54 4 2 —15 Ep LTIFR 9=<SNPTRIFR LTIFR - Lost time injury frequency rate TRIFR - Total recordable injury frequency rate Jun-16 Jun-17 Jun-18 Jun-13 Mader Group's Commitment to Safety = Mader has a strong commitmentto the h

  33. Slide 33: Key Company Risks

    Key Company Risks* Culture Quality of work and delivery Reputation Occupational health, safety and environment Downturn in the resources industry The Mader Group's ability to retain and attract new employees is heavily dependent on its existing company culture. A negative change in the Mader Group's

  34. Slide 34: Key Company Risks

    ty % MADER ey Company Risks* Loss of key personnel Management of growth Ability to win new work The Mader Group's large casual workforce Changes to industrial relations policy or labour laws The Mader Group's success depends to a significant extent upon its key management team, particularly Executiv

  35. Slide 35: Key Company Risks

    ty * MADER Key Company Risks* Reliance on key customers and projects Foreign operations Increase in labour costs Increased competition from existing and new competitors Labour and labour shortages The Mader Group derives a significant proportion of its revenue from a group of key customers. In FY201

  36. Slide 36: Key Company Risks

    ty * MADER Key Company Risks* Decline in the trend ‘towards outsourcing maintenance activities Customer pricing risk Capital requirements for growth Other risks The Mader Group provides specialised contract labour for maintenance of heavy mobile equipment in the resources industry. While there has r

  37. Slide 37: International Offer Restrictions

    MADER International Offer Restrictions This document does not constitute an offer of 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 offered or sold, in any country outside Au

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