Hansen Technologies Limited · ASX:HSN
Hansen Technologies — Merger or Acquisition (July 2017)
22 slides from Hansen Technologies's merger presentation, Jul 3, 2017
Slide 1: Acquisition of Enoro and Equity Raising
Acquisition of Enoro and Equity Raising For personal use only 3 July 2017
Slide 2: Important notice and disclaimer
Important notice and disclaimer Overview For personal use only This investor presentation (“Presentation”) has been prepared by Hansen Technologies Limited (ABN 90 090 996 455) (“Hansen” or “Company”) and is dated 3 July 2017. This Presentation has been prepared in relation to a placement of new Han
Slide 3: Important notice and disclaimer
Important notice and disclaimer Future performance For personal use only This Presentation contains certain “forward looking statements”. Forward looking statements can generally be identified by the use of forward looking words such as, “expect”, “anticipate”, “likely”, “intend”, “should”, “could”,
Slide 4: Transaction overview
Transaction overview Hansen is acquiring Enoro Holding AS (“Enoro”) for an enterprise value of A$96m (NOK 620m1) and undertaking an A$50m equity raising For personal use only Enoro overview • Market leading provider of Customer Information Systems (CIS) and Meter Data Management (MDM) systems for th
Slide 5: Enoro overview
Enoro overview Enoro has 3 product lines For personal use only Customer Information Meter Data Management Analytics Systems Systems Software Customer Care and Billing Solutions for Meter Data Analyses consumption data to solutions Management (MDM) and Energy understand customer behaviour Data Manage
Slide 6: Enoro overview: Customer Information Systems (CIS)
Enoro overview Customer Information Systems (CIS) For personal use only System Overview Customer Base Market Position • Provides Customer Care and Billing • Comprises a balanced portfolio of • Market leader in the Norwegian solutions distribution system operators, market retailers and integrated uti
Slide 7: Enoro overview: Meter Data Management (MDM)
Enoro overview Meter Data Management (MDM) For personal use only System Overview Customer Base Market Position • Meter Data Management (MDM) and • Principally in Finland, Germany and • Market leader in the Nordics Energy Data Management (EDM) Sweden and with a growing footprint • A major player in t
Slide 8: Enoro overview: Analytics software
Enoro overview Analytics software For personal use only System Overview Customer Base Market Position • A recently developed Cloud-based • Existing Enoro customers have taken • Highly fit for purpose for existing software tool that analyses high- product into production Enoro market footprint volume
Slide 9: Key drivers
Key drivers Supplying to the most advanced energy markets in the world For personal use only Change in Energy Consumer Deregulation and market Climate Change Behaviour liberalization • Consumers are demanding more • The separation between distributors • Introduction and increase in from their energy
Slide 10: Strategic rationale
Strategic rationale Strong strategic rationale exists for the acquisition of Enoro For personal use only We are purchasing the Nordic market leader in CIS and MDM systems which has an expanding presence throughout Europe This acquisition will complement Hansen’s existing Nordic market footprint
Slide 11: Hansen pre and post acquisition
Hansen pre and post acquisition For personal use only Pre-acquisition Post-acquisition Other Other 4% 3% Pay TV Pay TV 15% 20% Energy Energy 45% 57% Telcos 20% Telcos Revenue by vertical 26% Water Water 5% 7% APAC APAC 17% 23% EMEA 41% EMEA 55% Americas 28% Americas Revenue by region 37% EUROther Ot
Slide 12: Hansen's European Utility Footprint
Hansen’s European Utility Footprint Post-acquisition For personal use only 11
Slide 13: Hansen's Global Footprint
Hansen’s Global Footprint For personal use only 12
Slide 14: Combined group
Combined group For personal use only Combined Customers 200+ 300+ 500+ Employees 800+ 270+ 1000+ 13
Slide 15: Transaction funding
Transaction funding For personal use only • Acquisition enterprise value of A$96m (NOK 620m) includes net debt of approximately A$26m (NOK 165m)1 • Hansen has the capacity to fund 100% of the purchase consideration utilising new bank facilities in place • As part of Hansen’s capital management strat
Slide 16: Financial impact
Financial impact For personal use only • Acquisition enterprise value of A$96m (NOK 620m1) equates to an EV/EBITDA multiple of 10.6 times CY17 forecast EBITDA • The acquisition is expected to close within the next two weeks, and will be effective from 1 July 2017 • Hansen’s FY17 revenue and EBITDA e
Slide 17: Key risks – transaction specific
Key risks – transaction specific For personal use only - Hansen has undertaken a due diligence process in respect to the Acquisition, which relied in part on the review of financial and other information provided by the vendor. Despite taking reasonable efforts, Hansen has not been able to verify th
Slide 18: Key risks - general
Key risks - general For personal use only - The investment profile for shareholders in Hansen will change. While the operations of Hansen and the acquired business are similar in a number of Change in risk and ways the operational profile, capital structure and size of Hansen post acquisition will b
Slide 19: International offer restrictions
International offer restrictions This document does not constitute an offer of new ordinary shares ("New Shares") of the Company in any jurisdiction in which it would be unlawful. New Shares may not be offered or sold in any country outside Australia except to the extent permitted below. For persona
Slide 20: International offer restrictions
International offer restrictions Singapore For personal use only This document and any other materials relating to the New Shares have not been, and will not be, or registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials in
Slide 21: International offer restrictions
International offer restrictions United States For personal use only This Presentation, and any accompanying ASX Announcements, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities to any “US Persons” (as defined by Rule 902(k) of the U.S. Securities Act of 1933 (
Slide 22: Acquisition of Enoro and Equity Raising
Acquisition of Enoro and Equity Raising For personal use only
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