Saunders International Limited · ASX:SND
Saunders International — Merger or Acquisition (July 2025)
16 slides from Saunders International's merger presentation, Jul 15, 2025
Slide 1: Acquisition Transaction Overview
Acquisition Transaction Overview 15 July 2025
Slide 2: Important Notice and Disclaimer
Aqua Metro Acquisition Transaction Overview 2 Important Notice and Disclaimer This presentation (Presentation) has been prepared by Saunders International Limited (ACN 050 287 431(Saunders) in relation to its proposed acquisition of Aqua Metro (Target) as set out in further detail in this Presentati
Slide 3: Important Notice and Disclaimer (cont.)
Aqua Metro Acquisition Transaction Overview 3 Important Notice and Disclaimer (cont.) This Presentation has been prepared without taking account of any person's individual investment objectives, financial situation or their specific needs. Before making an investment decision, investors should consi
Slide 4: Transaction Summary
Aqua Metro Acquisition Transaction Overview 4 Transaction Summary Overview • Date Announced: 15 July 2025. • Acquirer: Saunders International Limited (ASX: SND). • Target: Aqua Metro Pty Ltd and associated entities. • Transaction Structure: Share Sale Agreement to acquire 100% of issued shares. Stra
Slide 5: Transaction Summary (cont.)
Aqua Metro Acquisition Transaction Overview 5 Transaction Summary (cont.) Transaction Value & Consideration Conditions and Timing • Saunders will acquire Aqua Metro for up to $30.0 • Subject to customary closing conditions including million. change of control consents from counterparties to • Initia
Slide 6: Aqua Metro Overview
Aqua Metro Acquisition Transaction Overview 6 Aqua Metro Overview • Aqua Metro is a leading end-to-end delivery partner for design, engineering and project execution in the water industry 300+ $411m • Broad Victorian reach in both urban and rural areas Completed Order book Projects (Work in Hand)* •
Slide 7: Service Offerings
Aqua Metro Acquisition Transaction Overview 7 Service Offerings Engineering • Hydraulics • Surveying and • Mechanical modelling • Civil and water • Major pipeline infrastructure • Innovative solutions Construction • Project and program • Early engagement management • Construction planning • Planning
Slide 8: Key Customers
Aqua Metro Acquisition Transaction Overview 8 Key Customers Capital Works Capital Minor Works • D&C project delivery • Government utility provider • D&C Program delivery Pipes and Facilities Program • Government utility provider Capital Works Framework • D&C Program delivery • Government utility pro
Slide 9: Strategic Rationale
Aqua Metro Acquisition Transaction Overview 9 Strategic Rationale Enhanced offering in water Synergies with existing capabilities High-quality management team infrastructure and value creation with a proven track record • Leading professional program management • Complementary to Saunders, adding •
Slide 10: Core Capabilities
Aqua Metro Acquisition Transaction Overview 10 Core Capabilities Aqua Metro’s core capabilities are highly complementary with Saunders service offering in delivering critical infrastructure services to the water industry. Design and Construct Program Management Technology Maintenance
Slide 11: Growth in Water and Wastewater
Aqua Metro Acquisition Transaction Overview 11 Growth in Water and Wastewater Australia’s water and wastewater infrastructure sector is experiencing strong, 1 long-term growth driven by population demand, ageing assets and increased government investment. Long-term, Stable Industry Revenue • ~$8.9bn
Slide 12: Investment Highlights
Aqua Metro Acquisition Transaction Overview 12 Investment Highlights Strategic acquisition aligned with Saunders’ growth objectives • Accelerates Water Sector Expansion Strengthens Saunders’ position as a multidisciplinary services provider in a priority market. • Established, Profitable Business Aq
Slide 13: Management Team
Aqua Metro Acquisition Transaction Overview 13 Management Team Saunders is committed to Aqua Metro’s management The existing Victoria-based Aqua Metro CEO, Manish leadership continuity, cultural team and staff will remain in leadership will continue to drive Pancholi, will assume the role of alignme
Slide 14: Sources of Funds
Aqua Metro Acquisition Transaction Overview 14 Sources of Funds Transaction Funding Structure Sources and Uses of Funds Sources Details Uses Amount (A$ million) • $8m drawdown of new debt facilities in the form of new $10m Cash Consideration 18.0 committed debt facilities with CBA. • SND has entered
Slide 15: Appendix A | Key Risks – Acquisition
Aqua Metro Acquisition Transaction Overview 15 Appendix A | Key Risks – Acquisition Acquisition may not Completion of the Acquisition is conditional on certain matters taking place, some of which are beyond Saunders's direct control. complete or be delayed Reliance on information Saunders undertook
Slide 16: About Saunders International Limited
Aqua Metro Acquisition Transaction Overview 16 About Saunders International Limited Saunders International Limited (ASX: SND) is a multidisciplinary Australian company that provides engineering, construction and industrial asset services across the complete asset lifecycle. Established in 1951 and l
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