Slide 1: Acquisition of Ferguson Group
Acquisition of Ferguson Group 9 September 2014
Slide 2: Strategic highlights
Strategic highlights Continuing our expansion in specialist containers Ferguson Group is a leading provider of container solutions (mostly cargo- carrying units) to the global offshore oil and gas industry Acquisition is consistent with strategy of diversifying into high-growth segments with pooling
Slide 3: Transaction overview
Transaction overview Accretive to earnings and funded from existing facilities Enterprise value of £320 million 1 (US$545 million2) 10.0x forecast EBITDA for the 12 months ended 31 December 2014 Accretive to Underlying EPS3 from FY15 100% debt funded from existing facilities Brambles’ net debt/EBITD
Slide 4: Execution of our Containers strategy
Execution of our Containers strategy Containers’ pro forma sales revenue now 9% of Brambles Group1 Containers segment Oil and gas Supply General Automotive Aerospace chain manufacturing Downstream Upstream CHEP Business CHEP Pallecon CHEP Automotive CHEP Aerospace Catalyst & Ferguson unit Solutions
Slide 5: Ferguson Group overview
Ferguson Group overview Strongly established business with attractive footprint Established in 1976 and headquartered in Aberdeen, UK Leading global provider cargo-carrying units to offshore oil and gas sector Fully certified fleet of ~18,500 assets Diversified customer base including the largest gl
Slide 6: Ferguson Group financial performance
Ferguson Group financial performance Strong track record of sales and profit growth Revenue CAGR of 11% (2009 – 2013)1 EBITDA CAGR of 8% (2009 – 2013)1 Attractive margin and return on capital characteristics Strongly positioned for next phase of growth with increased bottom-line leverage following p
Slide 7: Operating model
Operating model Containers critical to offshore oil and gas activity Customer offshore rig/facility Accommodation Generalist cargo Specialist modules & workspace carrying units Purpose of module Goes offshore full, modules determines whether it goes returns empty Goes offshore fully offshore full or
Slide 8: Asset fleet
Asset fleet Standard & specialist containers for full range of applications Generalist cargo Specialist modules Accommodation & carrying units workspace ~14,100 units ~4,100 units ~300 units Extensive range of business Units used for specific storage Temporary offices and critical containers used to
Slide 9: Highly diversified customer base
Highly diversified customer base Trusted partner throughout the value chain Over 800 customers including some Revenue1 contribution by customer group of the largest global offshore contractors and oil services companies 10% 25% 12% No single customer accounted for more than 3.5% of revenue over the
Slide 10: Ferguson Group industry drivers
Ferguson Group industry drivers Compelling organic growth profile Increasingly stringent Ferguson Group organic offshore safety and growth drivers environmental Expand presence/share standards for in established markets Increased offshore containers Strategic sourcing exploration and development act
Slide 11: Summary
Summary A compelling growth opportunity Consistent with strategy of diversifying into high growth segments with pooling characteristics Strong, stable business with record of revenue and profit growth and attractive margin and return on capital profile Exposure to a large addressable market with att
Slide 12: Acquisition of Ferguson Group
Acquisition of Ferguson Group 9 September 2014
Slide 13: Appendices
Appendices Brambles
Slide 14: Appendix 1: Geographic footprint
Appendix 1: Geographic footprint Five key regional hubs strengthened by global partner network Norway Employees 21 % revenue 15% UK Middle East Employees 152 Employees 9 % revenue 55% % revenue 4% Singapore Employees 11 Regional Hub % revenue 11% Operations/Sales Office Australia Other Trading Locat
Slide 15: Appendix 2: Asset fleet
Appendix 2: Asset fleet Offshore containers Cargo baskets Mini/dry goods containers Function: Transportation Function: of a wide range of Transportation of equipment required for consumables, supplies offshore operations, and chemicals including structural steel, valves, piping and drilling and comp
Slide 16: Appendix 2: Asset fleet (cont'd)
Appendix 2: Asset fleet (cont’d) Fluid, temperature control and waste management modules Fluid management Temperature control Waste management Offshore chemical/heli-fuel tanks Temperature control units Waste transportation units Function: Transportation of Function: Function: Refrigeration drilling
Slide 17: Appendix 2: Asset fleet (cont'd)
Appendix 2: Asset fleet (cont’d) Accommodation and workspace modules Accommodation modules Description: Closed unit with conventional door access and multiple optional interior configurations Function: Provides safe living accommodation for personnel in an offshore environment 6m/7.6m/10.3m in lengt
Slide 18: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions. This