Infinity Mining Limited · ASX:IMI
Infinity Mining — IM Medical — Merger or Acquisition (December 2013)
25 slides from Infinity Mining's merger presentation, December 2013
Slide 1: IM Medical Limited – Acquisition of White Data Limited
IM Medical Limited Acquisition of White Data Limited December 2013 Confidential Building Asia/Pacific’s Leading Data Centre Network
Slide 2: Disclaimer
Disclaimer • This presentation has been produced by IM Medical Ltd (IMI) and may contain forward looking statements that are based on Management’s current expectations, beliefs and assumptions and are subject to a number of risks and uncertainties. • Forward looking statements contained in this pres
Slide 3: Investment Highlights
Investment Highlights ` IM Medical Limited (IMI) proposes to acquire White Data Limited (White Data) for $9.1m in IMI shares (indicative value at 0.2¢ per share) and will change its name to White Data Limited ` White Data is the Manager of the White Data Property Trust (the Trust) and on completion
Slide 4: Investment Highlights cont
Investment Highlights cont ` White Data will manage construction of the Brisbane Data Centre scheduled to commence in Q2 2014 under a current development approval ` Leasing of Halls 1 & 2 is scheduled to commence by mid 2015 on completion of fit out, subject to further funding at the Trust level ` A
Slide 5: Introducing White Data
Introducing White Data ` White Data aims to develop a network of independent state-of-the-art secure and efficient data centres in key locations across Australia and the Asia Pacific ` IMI has entered into an agreement to acquire White Data via a scrip based reverse takeover and will change its name
Slide 6: Experienced Board & Management
Experienced Board & Management In addition to the current directors of IMI and proposed directors set out below, the Company intends to seek additional experienced directors to further broaden the skills and expertise available to the Board. Non-Executive Directors Managing Director and Management B
Slide 7: Growth Drivers – Cloud Computing
Growth Drivers – Cloud Computing “Frost & Sullivan anticipates that the (Queensland data centre services) market will increase at a CAGR of 19.4% to 2014, driven by the rapid increase in data centre outsourcing by both public and private sector clients. This growth rate will be higher than the overa
Slide 8: Global Data Centre growth 33%pa
Global Data Centre growth 33%pa ` “the Asia Pacific data centre Global Data Centre Traffic Forecasts market has witnessed strong growth over the last three years CAGR 32.9% as an increasing number of organisations choose to outsource their data centres to third-party service providers” ` “the amount
Slide 9: Australian Market Growth Forecast
Australian Market Growth Forecast Australian Outsourced Data Centre Queensland Outsourced Data Centre Services Market Forecast Services Market Forecast ` Australia is the largest outsourced data centre market in Asia Pacific (ex Japan), revenue A$505m in 2011 ` Escalating real estate and operating c
Slide 10: Site & Location
Site & Location ` The Trust’s Brisbane site is located at Centenary Technology Park in Sinnamon Park, approximately 10km south-west of the Brisbane CBD ` Elevated 3.4 Ha site, easily accessible, ideally located outside the CBD with direct access to arterial roads ` Located between two diverse fibre
Slide 11: Advanced Technology Capabilities
Advanced Technology Capabilities Proposed Proposed Proposed Data Centre Disaster Recovery Technology Office Centre Solutions One of Australia’s most Dedicated DR Office Disaster Recovery secure Data Centres Centre Planning & Solutions Tier III+ Data Centre, 24/7 World class migration Crisis Manageme
Slide 12: Data Centre Design Features
Data Centre Design Features * Artist’s Impression Building Features High Security High Availability Energy Efficiency • Secure entry points • Designed for • Designed to exceed Tier III+ • Design target of LEED monitored Federal/State Govt (99% uptime) Gold efficiency rating security standards • Dedi
Slide 13: Disaster Recovery Office Centre - Design Features
Disaster Recovery Office Centre - Design Features Building Features High Security • FM / Security • Designed for Federal/State Govt • Secure monitored security standards entry points • 24x7 Security Team • Disaster Recovery Office Space • Swipe card access controls with integrated • Open plan office
Slide 14: Data Centre Selection Criteria
Data Centre Selection Criteria • Frost & Sullivan has observed that three factors stand out in the decision- making process for Australian data centre outsourcing: – data centre location – quality of infrastructure – efficient use of energy • White Data’s design and development strategy for the Bris
Slide 15: White Data Business Model
White Data Business Model ` White Data has a long term management agreement with the Trust (10 year term plus two x 10 year extensions at White Data’s option) White Data will manage the design, construction and leasing of the Brisbane data centre Data centre customers to lease space directly fro
Slide 16: White Data Business Model cont.
White Data Business Model cont. ` White Data will hold up to a 54% interest (fully diluted basis) in the Trust on completion of the acquisition 45.0% of the units in the Trust directly a further 9.2% (fully diluted basis) on conversion of an $8.0m convertible note advanced to the Trust rights
Slide 17: Acquisition Framework
Acquisition Framework ` IMI proposes to acquire 100% of White Data Limited via a scrip based acquisition ` On completion, the Trust will own the Brisbane Data Centre site ` White Data holds up to 54% of the units in the Trust directly (45%) and via an $8.0m convertible note, convertible into an addi
Slide 18: Indicative Development Timeline
Indicative Development Timeline Scheduled Development Stage timing Stage 1 Commence construction of Data Centre Shell & Office Building Q2 2014 Complete construction of shell and core Q4 2014 (FDC Construction contract approximately $40m) Complete Fitout Data Centre Halls 1 & 2 @ density of up to 2.
Slide 19: Capital Structure
Capital Structure ` IMI proposes to acquire White Data for 4,530 million IMI shares or 83% of current shares on issue on a pre- consolidation basis indicatively valued at $9.1m at an issue price of 0.2¢ per IMI share based on 5 day VWAP for the 5 trading days up to 17 December 2013 ` IMI proposes to
Slide 20: Indicative Timetable
Indicative Timetable Event Date Announce Transaction 17 December 2013 Placement December 2013 Lodge Prospectus and Notice of Meeting January 2014 General Meeting & Public Offer Closes February 2014 Suspend Company Shares February 2014 Share Consolidation and Change of Company Name March 2014 Issue o
Slide 21: Investment Summary
Investment Summary ` IMI (to be renamed White Data) to acquire 100% of White Data and up to a 54% interest in the Trust ` The Trust will on completion own 100% of the group’s first Data Centre site in Brisbane with construction scheduled to commence in Q2 2014 and complete the first stage shell and
Slide 22: Contacts
Contacts Brett Johnson Quentin Masson Tim Hosking White Data Limited White Data Limited Patersons Securities Limited Non Executive Chairman CEO & Managing Director Director Corporate Finance 0419 203 978 0448 115 144 0416 084 006 Brett.johnson@whitedata.com quentin.masson@whitedata.com thosking@psl.
Slide 23: Appendix 1 Key Terms: Merger Implementation Agreement
Appendix 1 Key Terms: Merger Implementation Agreement (a) Conditions include: IMI shareholder approval and receipt of an independent expert’s report concluding that the acquisition of IMI shares by certain White Data shareholders is reasonable to unassociated IMI shareholders; completion of a mi
Slide 24: Appendix 2 Valuation of First Stage Shell and Core
Appendix 2 Valuation of First Stage Shell and Core ` The proposed Data Centre shell & core has been independently valued at $95.5m by Knight Frank Valuations Queensland on an as if complete basis on the assumption that the whole of the property is to be leased on market based terms to a data centre
Slide 25: Appendix 3 Key Risks
Appendix 3 Key Risks There are risks associated with an investment in the Company, including risks associated with the business, the data centre and the disaster recovery services industries. These risks include, but are not limited to: Risk Description Construction Risk Dependence on the builder to