Southern Cross Electrical Engineering Limited · ASX:SXE
Southern Cross Electrical Engineering — Shareholder Meeting (November 2020)
21 slides from Southern Cross Electrical Engineering's shareholder meeting presentation, Nov 24, 2020
Slide 1: AGM 2020 Managing Director's Presentation
For personal use only AGM 2020 Managing Director’s Presentation Graeme Dunn – CEO/Managing Director 24 November 2020 1
Slide 2: Rio Tinto Gudai-Darri award
Rio Tinto Gudai-Darri award SCEE awarded over $65m of electrical and instrumentation works at Rio Tinto’s Gudai-Darri iron ore For personal use only mine (formerly known as Koodaideri) in the Pilbara region of Western Australia The $2.6bn Gudai-Darri project will be Rio Tinto’s most technologicall
Slide 3: Trivantage acquisition
For personal use only Trivantage acquisition 3
Slide 4: Acquisition overview
Acquisition overview For personal use only SCEE has entered into a Share Purchase Agreement to acquire 100% of Trivantage Holdings Pty Ltd from the current shareholders of Trivantage for an enterprise value of up to $53.5m on a debt free basis, comprising: $25.0m cash payable on completion, expe
Slide 5: Acquisition overview (continued)
Acquisition overview (continued) For personal use only Trivantage is a specialised electrical services company with over 50 years of operational experience providing complex electrical solutions across Australia Trivantage is primarily a services oriented business characterised by a strong degre
Slide 6: Acquisition consistent with SCEE's strategy
Acquisition consistent with SCEE’s strategy Over the past four years, SCEE implemented a strategy to diversify into commercial, infrastructure, defence, For personal use only telecommunications, industrial, energy and utilities work across Australia This strategy was significantly progressed via the
Slide 7: Transaction highlights and strategic rationale
Transaction highlights and strategic rationale The acquisition of Trivantage is consistent with SCEE’s strategy and will deliver significant benefits for For personal use only shareholders including: Aligned operating model – strategically aligned business model and complementary focus on electric
Slide 8: Overview of Trivantage
For personal use only Overview of Trivantage 8
Slide 9: Overview of Trivantage
Overview of Trivantage Trivantage is a leading specialised electrical services provider with an over 50 year track record and For personal use only longstanding relationships with a range of blue chip clients across multiple sectors Business Overview Geographic Footprint(1) Trivantage is a Victori
Slide 10: Divisional overview and capabilities
Divisional overview and capabilities Trivantage provides a diverse range of high-value electrical services including electrical construction, For personal use only maintenance and manufacturing and installation of specialist switchboards across three divisions Electrical Construction and Maintenance
Slide 11: Strong management team
Strong management team Trivantage is run by a highly experienced and senior management team, many of whom have longstanding ties to the business and will remain with the business following acquisition For personal use only Russell Stanley Ben Weston CEO CFO Group CEO and has been Executive Directo
Slide 12: Diversified business mix with service focus
Diversified business mix with service focus Trivantage has strong technical capabilities in delivering business critical services across a range of For personal use only markets including supermarkets, custodial, datacentres, healthcare and municipal services FY20 Revenue by End Markets FY20 Revenue
Slide 13: Strong market fundamentals
Strong market fundamentals Australia’s largest supermarkets continue to invest in their store networks, with spend on new stores and refurbishments being relatively stable over the past 3 years. As a leading provider to this sector, For personal use only Trivantage is well placed to benefit from ong
Slide 14: Combined Group profile
For personal use only Combined Group profile 14
Slide 15: Increased diversification
Increased diversification A combination of SCEE and Trivantage will create a more balanced and diversified electrical contractor with greater exposure to recurring service and maintenance work and an enhanced national footprint For personal use only FY20 SCEE stand-alone FY21 Proforma Budget Combine
Slide 16: Recurring, services and maintenance work
Recurring, services and maintenance work The transaction presents a transformational change in the breadth and depth of the Group’s For personal use only recurring, services and maintenance offerings FY20 SCEE stand-alone revenue FY21 Proforma Budget Combined Group Recurring, Services & Recurring, S
Slide 17: Synergies and cross-selling opportunities
Synergies and cross-selling opportunities The transaction is likely to generate strong synergies and cross-selling opportunities, examples of For personal use only which are outlined below Opportunity to supply Trivantage switchboards across the SCEE, Datatel and Heyday businesses Potential to o
Slide 18: Questions?
For personal use only Questions? 18
Slide 19: Appendix
For personal use only Appendix 19
Slide 20: Detailed transaction terms
Detailed transaction terms • Acquisition of 100% of Trivantage Holdings Pty Ltd Acquisition • Due diligence finalised • Completion is expected to occur in mid-December 2020 For personal use only Up to a total of $53.5m payable as follows and on a debt free basis: 1. Deal Completion Initial Cash Cons
Slide 21: Disclaimer
Disclaimer Some of the information contained in this presentation given in this presentation is given for illustrative purposes only For personal use only contains “forward-looking statements” which may not directly and should not be relied upon as (and is not) an indication of or exclusively relate
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