Mastermyne Group Limited · ASX:MYE
Mastermyne — Metarock Group — Investor Presentation (May 2023)
21 slides from Mastermyne's investor presentation, May 12, 2023
Slide 1: Investor Presentation
NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES Investor Presentation For personal use only Metarock Group Limited (ACN 142 490 579) Paul Green, Managing Director Jeff Whiteman, Chief Financial Officer 12 May 2023
Slide 2: Important notice and disclaimer
Important notice and disclaimer This investor presentation (Presentation) is dated 12 May 2023 and has been prepared by Metarock Group Limited (ACN 142 490 579) (Metarock or the Company). By attending an investor presentation or briefing, or accepting, accessing or reviewing this Presentation, you a
Slide 3: Important notice and disclaimer
Important notice and disclaimer Past performance Past performance, including past share price performance of Metarock and pro forma financial information given in this Presentation, is given for illustrative purposes only and should not be relied upon as (and is not) an indication of Metarock's view
Slide 4: Turnaround Plan and Recapitalisation
For personal use only TURNAROUND PLAN AND RECAPITALISATION
Slide 5: Turnaround Plan and Recapitalisation
Turnaround Plan and Recapitalisation Significant one-off events that were greater than anticipated have necessitated a turnaround plan, including recapitalisation • On 17 March 2023, Metarock announced the key components of its strategy to recapitalise the Company after a series of one-off events, t
Slide 6: Entitlement Offer Overview
Summary For personal use only ENTITLEMENT OFFER OVERVIEW
Slide 7: Entitlement Offer Overview
Entitlement Offer Overview Opportunity for eligible existing shareholders to participate in capital raising at the same offer price per share and the same exercise price per option as M Resources • Non-renounceable Entitlement Offer to raise up to $3.9 million, through the issue of 1 New Share for e
Slide 8: Entitlement Offer Overview
Entitlement Offer Overview Opportunity for eligible existing shareholders to participate in capital raising at the same offer price per share and the same exercise price per option as M Resources New shares issued under the Entitlement Offer (including on exercise of options) will rank equally with
Slide 9: Sources and Uses of Capital Raising Proceeds
Sources and Uses of Capital Raising Proceeds Sources of funds $ million For personal use only Conditional Placement 25.0 Entitlement Offer proceeds Up to 3.91 Total 25.0 – 28.9 Uses of funds $ million Increase working capital and reduce net debt1,2 22.4 – 26.3 Transaction costs 2.6 Total 25.0 – 28.9
Slide 10: Key dates
Key dates Event Date1 Announcement of Entitlement Offer Friday 12 May 2023 For personal use only Record date for the Entitlement Offer (7:00 pm Sydney time) Wednesday 17 May 2023 Entitlement Offer opens Friday 19 May 2023 Prospectus and Application Form made available Friday 19 May 2023 Settlement o
Slide 11: Pro Forma Balance Sheet as at December 2022
Pro Forma Balance Sheet as at 31 December 2022 Proforma Debt and Proforma Proforma Statutory Conditional (unaudited) after Entitlement 31 December 2022 ($A ‘000s) Payables (unaudited) (unaudited) after (audited) Placement2 Conditional Offer3 adjustments1 before Equity Entitlement Offer Placement Ass
Slide 12: Key Risks
For personal use only KEY RISKS
Slide 13: Key Risks
Key Risks This section discloses some of the key risks attaching to an investment in Metarock. Before investing or increasing your investment in Metarock, you should consider whether this investment is suitable for you having regard to publicly available information and your personal circumstances a
Slide 14: Key Risks (cont.)
Key Risks (cont.) Metarock specific risks A significant portion of the mining services business is dependent upon obtaining work through a competitive tender process. Despite Increased competition Metarock's demonstrated ability to compete effectively in the markets in which it operates, the competi
Slide 15: Key Risks (cont.)
Key Risks (cont.) Metarock specific risks Metarock and its customers are exposed to a range of operational risks relating to both current and future operations. Such operational risks include equipment failures, information technology system failures, external services failures, industrial action or
Slide 16: Key Risks (cont.)
Key Risks (cont.) General risks As Metarock is an ASX listed company, it is subject to the general market risk that is inherent in all securities traded on a stock exchange. Accordingly, Metarock may experience fluctuations in its share price regardless of Metarock's operating performance. Metarock'
Slide 17: Key Risks (cont.)
Key Risks (cont.) General risks Shareholders who do not take up their full Entitlement under the Entitlement Offer will have their percentage Shareholding in the Company For personal use only Risk of dilution diluted following the issue of New Shares under the Entitlement Offer and further diluted o
Slide 18: Key Risks (cont.)
Key Risks (cont.) General risks Australian Accounting Standards (AAS) are set by the Australian Accounting Standards Board (AASB) and are outside the control of either For personal use only Metarock or its Directors. The AASB may, from time to time, introduce new or refined AAS. This may affect the
Slide 19: International Offer Restrictions
For personal use only INTERNATIONAL OFFER RESTRICTIONS
Slide 20: International offer restrictions
International offer restrictions This document does not constitute an offer of New Shares or New Options in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and the New Shares and New Options may not be offered, sold or issued, in any
Slide 21: For personal use only
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