Tasmea Limited · ASX:TEA
Tasmea — Merger or Acquisition (April 2025)
13 slides from Tasmea's merger presentation, Apr 3, 2025
Slide 1: Acquisition of Flanco Group
ACQUISITION OF FLANCO GROUP ACQUISITION PRESENTATION 3 APRIL 2025
Slide 2: Tasmea Group Overview
TASMEA GROUP OVERVIEW Tasmea deliver specialist maintenance, shutdown, emergency breakdown and sustaining capital services to fixed plant for essential asset owners OPERATING SEGMENTS KEY INDUSTRIES STRATEGIC PILLARS Electrical Organic focus Programmatic acquisitions Industrial Electrical Instrument
Slide 3: Tasmea Subsidiaries
TASMEA SUBSIDIARIES ELECTRICAL MECHANICAL CIVIL WATER & FLUID Tasmea has increased service offerings across all four segments since the IPO. Our subsidiaries remain strongly founder led with 13 founders and 4 continuing executive employees remaining in the business since being acquired by Tasmea. Ta
Slide 4: Transaction overview
Transaction overview Ⓒ Tasmea Limited 2025 All rights reserved TASMEA LIMITED 4 FUTURE ENGINEERING GROUP
Slide 5: Transaction Summary
TRANSACTION SUMMARY Strategic acquisition of Flanco Group – Highly strategic expansion to add a specialist business with a strong presence in the Goldfields • Tasmea Limited (“Tasmea”, ASX:TEA) to acquire Flanco Pty Ltd and Flanco Kalgoorlie Pty Ltd (“Flanco Group”), for an upfront consideration of
Slide 6: Flanco Group Transaction Highlights
FLANCO GROUP TRANSACTION HIGHLIGHTS 1 Strategic Expansion Strategic expansion into Kalgoorlie-Boulder Goldfields region, strengthening Tasmea’s footprint in one of Australia’s most active mining hubs. The acquisition is expected to be highly Earnings per Share accretive (base 2 Financially Attractiv
Slide 7: Transaction Structure
TRANSACTION STRUCTURE • Acquisition of 100% of the issued capital in Flanco Pty Ltd and 100% of the issued capital in Flanco Kalgoorlie Pty Ltd. Acquisition • Due diligence has been completed. • Completion expected to occur in early May 2025. 1) upfront cash payment of approximately A$21 million aft
Slide 8: Indicative Underlying NPAT Based on Q2 Run Rate
INDICATIVE UNDERLYING NPAT BASED ON Q2 RUN RATE Q2 underlying earnings, inclusive of the Flanco Group acquisition, are reflective of underlying run rate of an EBIT of +$90.6m and a $60.4m NPAT INDICATIVE UNDERLYING GROUP EBIT ($m) Q2 EARNINGS INDICATIVE OF ONGOING RUN RATE 90.6 Tasmea’s Q2 FY25 perf
Slide 9: Flanco Group overview
Flanco Group overview Ⓒ Tasmea Limited 2025 All rights reserved TASMEA LIMITED 9 FUTURE ENGINEERING GROUP
Slide 10: Flanco Group Overview
FLANCO GROUP OVERVIEW Overview Key projects Flanco Pty Ltd delivers fit for purpose civil construction and maintenance Minara Resources, Murrin Murrin solutions to mining, infrastructure and construction clients. In 2017, Flanco Pty Ltd partnered with Troy Moller in Kalgoorlie, WA, to • Concrete mai
Slide 11: Key Markets
KEY MARKETS Regional resource and infrastructure markets The acquisition of Flanco offers Tasmea a strategic foothold into regional markets, aligning with Western Australia's long-term infrastructure and economic development plans. Entry into the $21.2 billion Goldfields-Esperance market through Fla
Slide 12: Strategic Rationale and Revenue Synergies
STRATEGIC RATIONALE AND REVENUE SYNERGIES Area Synergy / Rationale Area Synergy / Rationale Kalgoorlie is well known for its insular nature and the The combined group will benefit from access to difficulty outside contractors have winning work in Tasmea’s established corporate infrastructure, the re
Slide 13: Important Notice
IMPORTANT NOTICE • This document has been prepared by Tasmea Limited (ABN 22 088 588 425) (“Tasmea” or “the Company”). No other party other than Tasmea has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this d