Ashtead Technology Holdings Plc · LSE:AT.

Ashtead Technology — Merger or Acquisition (October 2024)

8 slides from Ashtead Technology's merger presentation, Oct 24, 2024

  1. Slide 1: Agreement to acquire Seatronics and J2

    Agreement to acquire Seatronics and J2 Analyst Presentation 24 October 2024

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared and issued by, and is the sole responsibility of, Ashtead Technology Holdings plc (the “Company”), being the current holding company of the Ashtead Technology Holdings plc group (the “Group”) and it is being distributed for information purposes only. Fo

  3. Slide 3: A strategically and financially compelling opportunity for Ashtead Technology

    A strategically and financially compelling opportunity for Ashtead Technology Overview  Proposed acquisition of Seascan Limited (Seatronics) & J2 Subsea Limited (J2) from Acteon Group, for an all- cash consideration of £63m on a cash and debt free basis (Transaction)  Seatronics & J2 provide elect

  4. Slide 4: Seatronics & J2 overview

    Seatronics & J2 overview Enhancing our offering through expanded capability and geographical breadth, depth and reach A compelling opportunity for Ashtead Technology - Seatronics & J2 overview Geographical footprint A leading provider of mission critical marine electronic equipment and services acro

  5. Slide 5: Seatronics & J2 overview

    Seatronics & J2 overview Enhancing our offering through expanded capability and geographical breadth, depth and reach Extensive subsea rental fleet Premium Equipment Suppliers Positioning ROV Tooling ROV Sensors Hydrographic Data acquisition & Gyro compatts, inertial Manipulators, torque tools, Iner

  6. Slide 6: Strongly aligned with our continuing M&A strategy

    Strongly aligned with our continuing M&A strategy Seatronics & J2 fit with our clear M&A strategic themes  Consolidation of a highly fragmented market  Geographic expansion  Product and solution expansion Survey &  Expansion of offshore wind solutions offering Robotics Expanding reach Seatronics

  7. Slide 7: Transaction summary

    Transaction summary A strategically and financially compelling acquisition  All cash consideration of £63m Transaction  Represents a multiple of approx.1 ~5.2x TTM EBITDA, ~7.0x TTM EBITA summary  Transaction subject to CMA approval  Delivered revenues of £51.5m, adjusted EBITDA of £12.1m and ad

  8. Slide 8: Ashtead Technology

    Ashtead Technology

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