Slide 1: Metcash Limited – Equity Raising Presentation (ASX cover letter)
Metcash Limited ABN 32 112 073 480 50 Waterloo Road Macquarie Park NSW 2113 Australia PO Box 6226 28 June 2012 Silverwater Business Centre NSW 1811 Australia Ph: 61 2 9751 8200 Fax: 61 2 9741 3027 ASX Limited Company Announcements Office Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear
Slide 2: Equity raising presentation
Equity raising presentation Andrew Reitzer Chief Executive Officer Adrian Gratwicke Chief Financial Officer 28 June 2012 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 3: Important notices
Important notices This Presentation has been prepared by Metcash Limited (ABN 32 112 073 480) (“Metcash” or reflected in these statements are reasonable, but they may be affected by a range of variables “Company”). which could cause actual results or trends to differ materially. Summary information
Slide 4: Overview
Overview Equity raising to fund identified acquisitions and growth opportunities, as well as providing financial flexibility to pursue additional future opportunities Fully underwritten institutional placement of approximately 93.9 million new ordinary shares (“Institutional Placement”) to raise
Slide 5: Use of proceeds
Use of proceeds Proceeds of the Institutional Placement will be used to fund identified acquisitions and growth opportunities as well as providing financial flexibility to pursue additional future opportunities Sources $m Institutional Placement 325 Uses (Midpoint used where range quoted on page 4
Slide 6: Use of proceeds – summary of projects
Use of proceeds – summary of projects As announced on 20 June 2012, Metcash intends to exercise its right to acquire 100% ownership of the Mitre 10 Group (49.9% not already owned) Mitre 10 In addition, Metcash will invest in a joint venture in Victoria Total investment is in range $65-70m On
Slide 7: Institutional Placement summary
Institutional Placement summary Institutional Institutional Placement to raise approximately $325 million Placement ─ Approximately 93.9 million new Metcash shares to be issued size ─ Approximately 12% of current issued capital Price to be determined via bookbuild, from an underwritten floor pri
Slide 8: SPP summary
SPP summary Eligible Shareholders will each be provided the opportunity to subscribe for up to $15,000 worth of Metcash shares SPP ─ Investors will not incur brokerage or other transaction costs overview Offered to eligible shareholders resident in Australia or New Zealand on the register at 7.0
Slide 9: International offer restrictions
International offer restrictions International Offer Restrictions Statutory rights of action for damages or rescission This document does not constitute an offer of new ordinary shares ("New Shares") of the Securities legislation in certain of the Provinces may provide purchasers with, in addition t
Slide 10: International offer restrictions (cont’d)
International offer restrictions (cont’d) Certain Canadian income tax considerations. Prospective purchasers of the New Shares France should consult their own tax adviser with respect to any taxes payable in connection with the This document is not being distributed in the context of a public offeri
Slide 11: International offer restrictions (cont’d)
International offer restrictions (cont’d) Hong Kong New Zealand WARNING: This document has not been, and will not be, registered as a prospectus under This document has not been registered, filed with or approved by any New Zealand the Companies Ordinance (Cap. 32) of Hong Kong (the "Companies Ordin
Slide 12: International offer restrictions (cont’d)
International offer restrictions (cont’d) Singapore Neither this document nor any other offering or marketing material relating to the New Shares have been or will be filed with or approved by any Swiss regulatory authority. In particular, This document and any other materials relating to the New Sh
Slide 13: 'Champion of the Independent'
'Champion of the Independent' NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 11