Comms Group Ltd · ASX:CCG
Comms — Merger or Acquisition (February 2022)
10 slides from Comms's merger presentation, Feb 7, 2022
Slide 1: onPlatinum Acquisition
For personal use only onPlatinum Acquisition 7 FEBRUARY 2022 COMMS GROUP | 1 COMMS GROUP LIMITED (ASX: CCG) This document has been approved by the Board of Directors
Slide 2: Key Highlights
For personal use only Key Highlights Acquires a leading provider of Extends Comms Group’s Adds ~$16m in total group ICT1 services with a high- product offering, broadening revenue, a ~45% increase on quality customer base product set into the IT services current business revenue market Strengthens C
Slide 3: Strategic Rationale
For personal use only Strategic Rationale Consistent with the Company’s strategy of pursuing near term accretive acquisition opportunities Expansion of domestic Transformational Extension of service Consistent with M&A footprint acquisition offerings strategy • Provides access to • Adds ~$16m in tot
Slide 4: onPlatinum business overview
onPlatinum business overview For personal use only Trading via the onPlatinum and Tango Technology businesses • A strong reputation for quality, expertise and innovation • An award-winning business with a demonstrated history of sustainable growth Managed services Cloud services Domestically to the
Slide 5: A single point of contact for all clients
A single point of contact for all clients For personal use only Specialising in information communications and technology needs for clients across a broad range of industries IT & Cloud Security Consultancy Print Communications Managed IT, Cloud, EndPoint EDR, Firewall, Project delivery, Integrated
Slide 6: onPlatinum partners with industry leaders
onPlatinum partners with industry leaders For personal use only A client base that has grown to ~500 clients with 7500 end-points globally, since 2012 One of just 14 Australian businesses authorised and approved by Microsoft to build third party hosted solutions privately COMMS GROUP | 6
Slide 7: Acquisition consideration
Acquisition consideration For personal use only An initial consideration of $12m and an additional out-performance earn out component up to $6m, taking the potential maximum consideration up to $18m • Cash consideration of $8m subject to adjustment for working capital and net debt; and Upfront Payme
Slide 8: Acquisition funding
Acquisition funding For personal use only Funded by a new debt facility of $10m established with the CBA and CCG shares issued to the vendors • Approval by the Group’s existing bank, CBA, of a Term Loan facility of $10m • Includes an increase to existing working capital facilities (overdraft & credi
Slide 9: Disclaimer
For personal use only Disclaimer The material in this presentation is a summary of Comms Group Ltd’s (CCG) Due care and consideration should be undertaken when considering and activities and projections and is current at the date of preparation, 7 Feb 2022. analysing CCG’s financial performance. All
Slide 10: For personal use only
For personal use only COMMS GROUP LIMITED (ASX: CCG) This document has been approved by the Board of Directors