Boom Logistics Ltd · ASX:BOL
Boom Logistics — Merger or Acquisition (September 2004)
9 slides from Boom Logistics's merger presentation, Sep 10, 2004
Slide 1: BOOM Logistics Investor Presentation: Proposed purchase of Bowers and capital raising
LoGgistTtic so BOOM Logistics Limited Investor Presentation Proposed purchase of Bowers and capital raising September 2004
Slide 2: Summary
Summary » BOOM Logistics is proposing to acquire the business of Bowers Heavy Haulage and Crane Service (“Bowers”) which is based in the Hunter Valley, NSW « Gross purchase price is $16.3m - target settlement date is 20 October 2004 + Consideration comprises: $4.0m of BOOM shares, assumption of $0.8
Slide 3: Bowers - profile
Bowers - profile Established in 1946 and based in the Hunter Valley, NSW =» provides wide-ranging lifting and haulage services (incl. ancillary support) = average age of the equipment is 8 years old and well maintained = services coal miners, power generation bodies and civil engineering projects =
Slide 4: BOOM
BOOM LoGistics
Slide 5: Consideration and Balance Sheet impact
Consideration and Balance Sheet impact Consideration Gross purchase price Less: employee entitlements Less: debt transferred Net purchase price 1 (a} Pricing determined based on 5 day VWAP prior to transaction announcement (b} shares are escrowed for 6 months BOOM LoGistics Balance Sheet impact As a
Slide 6: Implied acquisition multiple
Implied acquisition multiple Y/End 30 June 2004 Revenue EBITDA EBITDA margin Gross purchase price EBITDA (FY04 proforma) EBITDA multiple 1 Includes incremental estimated revenue/earnings from recently purchased cranes on an annualised basis BOOM LoGistics
Slide 7: Proposed equity raising & share sell-down
Proposed equity raising & share sell-down a = $21.0m equity raising, comprising: (a) Institutional placement : > 13.0m shares at $1.50 each to raise $19.5m » to be underwritten by Wilson HTM and Bell Potter > conditional on shareholder approval at AGM on 15 Oct 2004 (b) Share Purchase Plan offered t
Slide 8: Timetable
Timetable Bids submitted to Wilson HTM up to 4.30pm Wednesday 8 Sept 2004 Allocations notified Late pm Wednesday 8 Sept 2004 Seil-down shares traded Friday 10 Sept 2004 Settlement for sell-down share: Wednesday 15 Se £2004. AGM -— approve placement Friday 15 Oct 2004 Settlement for placement Tuesday
Slide 9: Disclaimers
Disclaimers No responsibility for contents of Investor Presentation To the maximum extent permitted by lav, BOOM Logistics, its advisers and representatives: * make no representation, warranty or uridertaking, express or implied. as to the adequacy. accuracy. completeness or reasonableness of this i
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