Xreality Group Limited · ASX:XRG
Xreality — Indoor Skydive Australia Group — Investor Presentation (November 2014)
16 slides from Xreality's investor presentation, Nov 3, 2014
Slide 1: Capital Raising Presentation
A visionary adventure leisure company formed to build and operate world class indoor skydiving facilities across the region Capital Raising Presentation 3 November 2014
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Indoor Skydive Australia Group Limited (ISA Group). It provides general and summarised background information about the Company’s activities. The presentation is current at the date of this presentation. The information does not purport to be a detai
Slide 3: Contents
1. Overview 2. Details of the Offer Contents 3. Purpose of the Capital Raising 4. Strategy 5. Positioning for Growth 6. iFly Downunder
Slide 4: 1. Overview
1. Overview On 30 October 2014, ISA Group entered into a trading halt to enable a capital raising to: • Support the acceleration of the Australian Tunnel Roll Out: - Perth Facility timing to be brought forward - Multiple projects to be developed in parallel • Refinance the current convertible note -
Slide 5: 2. Details of the Capital Raising
2. Details of the Capital Raising The capital raising comprises of a successfully completed Institutional Placement and a Non- Renounceable Pro Rata 2 for 15 Rights Issue
Slide 6: 2. Details: Institutional Placement and Rights Issue
2. Details of the Capital Raising • Successfully completed on 31 October 2014 Institutional • $11.1 million raised through the issue of 22.1 million new shares at $0.50 • Institutional Placement made to sophisticated and professional investors Placement • Appetite for the Institutional Placement was
Slide 7: 2. Details: Offer Price and Use of Proceeds
2. Details of the Capital Raising Offer • Offer price under the Institutional Placement and the Rights Issue is $0.50 • Discount equals 16.5% over a 30 day VWAP to 29 Oct 2014 Price • The net proceeds of the capital raising will be used to accelerate the Australian tunnel roll out Use of through the
Slide 8: 2. Details: Ranking and Eligible Shareholders
2. Details of the Capital Raising • New shares issued under the capital raising will rank equally with existing shares. Ranking • As the issue date of the new shares is after the record date for ISA Group’s 2014 Annual General Meeting, holders of new shares issued under the Rights Issue will not be
Slide 9: 2. Details: Timetable
2. Details of the Capital Raising Timetable Event Date Institutional Placement process 30 and 31 October 2014 Capital Raising announced via ASX 3 November 2014 ISA Group shares quoted on an ‘ex’ basis 6 November 2014 Record Date 7pm on 10 November 2014 Rights Issue offer period opens 12 November 201
Slide 10: 3. Purpose of Capital Raising
3. Purpose of Capital Raising • Successful completion of the capital raising will enable ISA Group to seek to take Acceleration advantage of the opportunity to accelerate the Australian Tunnel Roll Out and develop multiple tunnels in parallel. of Australian • Penrith (completed) – operational on tim
Slide 11: 3. Purpose: Refinancing of Convertible Note
3. Purpose of Capital Raising • Existing funding structure includes a $5.9m convertible note for the purpose of funding growth while a trading history was established. Refinancing • Rational for the funding remains the same and ISA Group continues to engage with traditional debt providers of • Any a
Slide 12: 4. Strategy
4. Strategy Two Pronged Approach • Deliver on Australian Tunnel Roll Out program • Continuing to explore opportunities globally with particular focus on Asia
Slide 13: 5. Positioned for growth
5. Positioned for growth Internal • Corporate capability strengthening for growth and international footprint • Appointment of Stephen Burns as CFO who is experienced in: Strengthening • establishing operations in multiple jurisdictions including during military service • being responsible for the f
Slide 14: 6. iFLY Downunder: Proven International Model
6. iFLY Downunder Proven International Model Penrith success to date Typical Utilisation Rates Age of Flyers 100% 30 90% 80% 25 % of total flyers 70% 20 60% 50% 15 40% 10 30% 20% 5 10% 0% 0 Midweek Weekend School Holidays Overall 5 and 6 to 9 10 to 19 20 to 29 30 to 39 40 to 49 50 to 59 60 to 69 ove
Slide 15: 6. iFLY Downunder: Customer Mix
6. iFLY Downunder Proven International Model Penrith success to date Average Weekday Customer Mix Average Weekend Customer Mix 8% 3% 1% 3% 27% 43% 46% 69% First timers Professional Military Groups/events First timers Professional Military Groups/events
Slide 16: ISA Group
ISAGROUP ‘ GISAGROUP
Indoor Skydive Australia Group — Investor Presentation (November 2014) on 6ix