Infinity Mining Limited · ASX:IMI
Infinity Mining — IM Medical — Investor Presentation (August 2014)
22 slides from Infinity Mining's investor presentation, August 2014
Slide 1: Building a leading Australian Data Centre network
IM Medical Limited acquisition of Building a leading Australian Data Centre network Investor Presentation August 2014 Melbourne – Tullamarine Acquisition Brisbane - Development
Slide 2: Disclaimer
Disclaimer • This presentation has been produced by IM Medical Ltd (IMI) and may contain forward looking statements that are based on Management’s current expectations, beliefs and assumptions and are subject to a number of risks and uncertainties. • Forward looking statements contained in this pres
Slide 3: Acquisition of ADX
Acquisition of ADX IM Medical Limited (IMI) is a clean ASX listed shell company (ASX: IMI, IMIO) market cap $1.9m @ 0.2 cents IMI has an agreement to acquire 100% of ADX Management Limited for $6m in shares and will change its name to ADX Holdings Limited (ADX) ADX is the Manager and will be the Tru
Slide 4: What is a Data Centre?
What is a Data Centre? A facility used to house computer systems, telecommunications, networking and data storage systems efficiently, securely and cost effectively Services and facilities provided by data centres include: Cloud computing services High capacity network access Server facilities
Slide 5: Rapid Growth in Demand
Rapid Growth in Demand “Annual global data centre traffic will triple “Cloud data centre traffic will grow at a from 2012 to reach 7.7 zettabytes1 by 2017. faster rate (35% CAGR) or 4.5-fold (Cisco Global Cloud Index 2012-2017) growth from 2012 to 2017” “By 2017, over two-thirds of all data “The Aus
Slide 6: 31% pa Global Data Centre growth
31% pa Global Data Centre growth 9.0 Total Global Data Centre Traffic 8.0 Australia is the largest outsourced data centre market in Asia Pacific (ex Japan), 7.0 revenue A$594.5 in 2012 6.0 Zettabytes per Year CAGR 31% Outsourcing of data centres is driven by 5.0 escalating real estate and operating
Slide 7: Acquisition Structure
Acquisition Structure ` IMI proposes to acquire 100% of ADX Management via a scrip based acquisition and will be renamed ADX Holdings ADXHoldings ADX Limited (formerlyIMI) will have an interest in 35.5% of the units in the Trust via a Convertible Loan Manager ConvertibleLoan &Trustee 35.5% will
Slide 8: ADX Management Limited
ADX Management Limited ADX is a specialist data centre management company ADX aims to manage energy efficient and secure data centre infrastructure to deliver operating benefits and cost savings to customers ADX plans to develop a network of data centres that are: carrier neutral; state-of-the-a
Slide 9: Australian Data Exchange Trust
Australian Data Exchange Trust The Trust was established as a specialist data centre property trust to own and develop data centres The Trust’s initial focus will be the development of Stage 1 of the Tullamarine data centre in Melbourne The Trust’s strategy is to proceed with the Brisbane data centr
Slide 10: The Trust's Property Acquisitions
The Trust’s Property Acquisitions ` Tullamarine Acquisition The Trust has exclusivity and an agreed contract to acquire a major former newspaper print facility at 31-69 Western Avenue, Westmeadows at Tullamarine, Victoria for $26m The Trust intends to pay a $1m deposit by early September 2014 wh
Slide 11: Melbourne – Tullamarine Data Centre
Melbourne – Tullamarine Data Centre The building, in excellent condition, is ideally suited for Tullamarine Data Centre conversion into a major data centre, with significant existing power capacity, power and cooling infrastructure in place The Tullamarine facility is ideally located 5 km from the M
Slide 12: Tullamarine Development timeline
Tullamarine Development timeline 2014 2015 October November March June Acquisition of Tullamarine, Lease commences Stage 1 Fit-out Stage 1 Partial Occupancy commences Stage 1 Full occupancy commences ` The Trust intends to commence Stage 1 fit-out of Tullamarine on completion of the acquisition in Q
Slide 13: Melbourne Stage 1 Lease
Melbourne Stage 1 Lease Stage 1 Data Centre Lease The Trust has entered into a non-binding Heads of Agreement to lease 2,300 m2 of data centre white space to Ascalon (MEL) Pty Ltd (Ascalon) for the first stage of the Tullamarine data centre, at a base rental of $8.1m p.a. The 20 year lease includes
Slide 14: Brisbane Data Centre Site
Brisbane Data Centre Site The Trust will also own 100% of a 3.4 Ha site at Sinnamon Park, Brisbane with Planning Approval for development as a data centre The Brisbane development is intended to service the rapidly growing Queensland data centre sector, supported in the near term by proposed State G
Slide 15: Management & Trustee Agreements
Management & Trustee Agreements ` ADX has a long term management agreement with the Trust 10 year term plus two x 10 year extensions at ADX’s option ` ADX will manage the design, construction and leasing of the Trust’s data centres ` ADX will receive defined and transparent management and performa
Slide 16: Trust Development Economics
Trust Development Economics ` The Trust owns the Brisbane site and has exclusivity in relation to the acquisition of Tullamarine building and land for $26m ` The Trust has a draft valuation of the Tullamarine property of $103m on an as if complete basis on completion of the Stage 1 fit-out, expected
Slide 17: Board & Management
Board & Management The Board will consider the appointment of additional experienced potential executives and directors to further broaden the skills and expertise available to the Board. The Company expects to make an announcement regarding proposed senior management in the near future. Hon. Ian Ca
Slide 18: Initial Capital Structure
Initial Capital Structure ` IMI to acquire ADX for 30.0m shares post a 1 for 100 Consolidation ($6.0m at the 20¢ Offer price) ` IMI to raise $6.0m (and up to $8m) in new equity via a prospectus offer @ 20¢ (on a post-consolidation basis) with a priority offer to existing IMI shareholders of up to $2
Slide 19: Use of Funds
Use of Funds Underwritten Maximum Use of proceeds of the Offer Subscription Subscription ($ million) ($ million) Convertible Note investment in Trust1 $3.0 $4.0 Working capital $1.5 $2.3 Stamp duty $0.2 $0.2 Offer costs (direct costs of the Offer) $0.8 $1.0 Advisory, legal and accounting costs assoc
Slide 20: Key Risks
Key Risks There are risks associated with an investment in the Company, including risks associated with the business, the data centre and the disaster recovery services industries. These risks include, but are not limited to: Risk Description Availability of Debt Finance Completion of the acquisitio
Slide 21: Indicative Timetable
Indicative Timetable Event Date (2014) Announcement of Underwriting and payment of initial deposit Late August Lodge Prospectus and Notice of Meeting Early September Dispatch Prospectus & Notice of Meeting, Offer Opens Early September General Meeting, Suspend Company Shares Offer Closes and Change o
Slide 22: Investment Summary
Investment Summary ` IMI (to be renamed ADX) is entering the high growth data centre sector with a Board and management team capable of delivering the strategy ` IMI will become manager & trustee of the Australian Data Exchange Trust with a 35.5% interest in the Trust ` The Trust is a specialist dat