Service Stream Limited · ASX:SSM
Service Stream — Investor Presentation (September 2009)
11 slides from Service Stream's investor presentation, Sep 14, 2009
Slide 1: Capital Raising
For personal use only Capital Raising 1
Slide 2: Important Notice - Disclaimer
For personal use only Important Notice - Disclaimer 1. This presentation has been prepared by the management of Service Stream Limited (the ‘Company’) for the benefit of brokers, analysts and investors and not as specific advice to any particular party or person. 2 2. Neither the Company, nor any of
Slide 3: Capital Raising Overview
Capital Raising Overview introduction For personal use only • Fully underwritten equity offering of approximately A$32.9 million (“Entitlement Offer”) • The equity raising enables Service Stream to enhance its capital structure through the reduction of debt 3 • The structure of the equity offering w
Slide 4: Offer Summary
Offer Summary key terms of the offer For personal use only • Service Stream will raise approximately A$32.9 million of equity • The offer will be conducted via a 11-for-25 renounceable pro-rata entitlement share offer 4 (“Entitlement Offer”) - Service Stream will issue approximately 86.6 million ord
Slide 5: Sources and Uses
Sources and Uses enhanced capital structure through debt reduction For personal use only • Service Stream intends to use the net proceeds from the Entitlement Offer to reduce debt 5 Sources A$m Uses A$m Entitlement Offer 32.9 Repay existing debt 31.5 Estimated Fees & Expenses 1.4 Total 32.9 Total 32
Slide 6: Pro Forma Debt Position
Pro Forma Debt Position greater financial flexibility For personal use only Net debt (A$m) • Core funding secured to A$102.6m November 2010 and debt outstanding under those A$71.1m 6 facilities to be reduced Actual Post Entitlement Offer • Net debt position reduced by Net debt / FY09 EBITDA 31% to A
Slide 7: Investment Highlights
Investment Highlights solid foundation and well positioned for growth For personal use only • Telstra A&AS bedded down • TCI expanding tower services to Telstra 7 Solid Foundation • AMRS Smart Meter roll-out commenced • Division wide capacity now in place • Streamlined project management reporting i
Slide 8: Timetable
Timetable indicative key dates For personal use only Events Dates Notice of Rights Issue sent to shareholders 15 September 8 Existing shares quoted on an ‘ex’ basis 16 September Rights trading period 16 September – 6 October Record Date for determining entitlements 22 September Despatch Offering Cir
Slide 9: Appendix
For personal use only Appendix 9
Slide 10: Underwriting Agreement
Underwriting Agreement For personal use only • Service Stream has entered into an underwriting agreement with Austock Securities Limited (“Underwriter”) who has agreed to underwrite the Entitlement Offer on the terms and conditions set out in the underwriting agreement. The obligations of the Underw
Slide 11: Contact details
For personal use only Michael Doery 11 Managing Director Service Stream Limited Phone: +61 3 9677 8841 Email: michael.doery@servicestream.com.au Ken Latchford Chief Financial Officer Service Stream Limited Phone: +61 3 9677 8848 Email: ken.latchford@servicestream.com.au
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