Mahube Infrastructure Ltd. · JSE:MHB
Mahube Infrastructure — GAIA Infrastructure Capital — FY2016 Earnings Presentation
16 slides from Mahube Infrastructure's earnings presentation, Feb 29, 2016
Slide 1: Group results for the period ended 29 February 2016
Group results for the period ended 29 February 2016 www.gaia-ic.com
Slide 2: Slide 2
Slide 3: Operational Review Highlights
Operational Review 3 | Operational Review Highlights Listed as a SPAC on JSE on 12th November 2015 Capital raising of R551m, issued 55 150 000 shares at R10/share R4m profit for the year HEPS R0.25 NAV R9.97 Interest earned on capital of R9.9 million from capital raised Acquisition of a viable asset
Slide 4: GAIA Business Model
4 | Operational Review GAIA Business Model Deal Sourcing Infrastructure Asset Deal Pipeline Management Deal Due-Diligence Execution Strong presence in SA infrastructure sector Highly networked management team in infrastructure sector Extensive infrastructure pipeline Diverse network and reach into t
Slide 5: Existing opportunities in REIPPPP programme
6 | Operational Review Existing opportunities in REIPPPP programme As at June 2015, 57% of target renewables was achieved. Sector to double by 2030 835 92 IPPs in total, with 48 (52%) of them in Northern Cape Combined procured capacity of 6328 MW Online capacity of 1903 MW (30%) of procured capacity
Slide 6: GAIA deal pipeline
8 | Operational Review GAIA deal pipeline Stage 1 2 3 4 5 6 Preliminary Preliminary GAIA Deal Deal Awareness Feasibility GAIA IC Approval Deal Closure Decision Implementation Analysis Introduction of Identification of GAIA investment Deal structuring Final decision by Deal actioned poten
Slide 7: Financial Highlights – 29 Feb 2016
10 | Financial Review Financial Highlights – 29 Feb 2016 NAV R9,97 Share price performance since listing Total Assets R552m Financial Assets R549m Retained income R4,1m Liabilities R2,4m HEPS R0,21 EBIT R5.5m Listing costs R5,6m Net Profit R4,1m Investment income earned R9,9m Cash at year end R2,3m
Slide 8: Outlook
12 | GAIA Infrastructure Capital Limited Outlook Expect to acquire viable assets of over the next 6 months Growth of existing deal pipeline Engage the regulatory institutions for further deal approvals in the sector Engage the FSB and JSE on launching an Infrastructure Sector Remain active in the se
Slide 9: Annual financial results for the period ended February 2016
Annual financial results for the period ended 29 February 2016 GAIA Infrastructure Capital Ltd (Registration number 2015/115237/06)
Slide 10: Commentary
Commentary GAIA Infrastructure Capital Ltd (“GAIA”) was incorporated on 16 April 2015 and successfully listed as a Special Purpose Acquisition Company on the Main Board of the Johannesburg Stock Exchange (“JSE”) on 12 November 2015. GAIA is focused on acquiring equity stakes in emerging South Africa
Slide 11: Statement of financial position
Statement of financial position as at 29 February 2016 February 2016 R Assets Non-current assets Current assets Financial assets 549 042 504 Current tax receivable 971 588 Cash and cash equivalents 2 347 179 3 318 767 Total assets 552 361 271 Equity and liabilities Equity Share capital 545 851 762 R
Slide 12: Statement of profit or loss and changes in equity
Statement of profit or loss and other comprehensive income for the period ended 29 February 2016 February 2016 R Operating expenses (5 236 221) Operating loss (5 236 221) Investment revenue 9 992 043 Fair value adjustments 825 077 Profit before interest and tax 5 580 899 Finance costs (45 768) Profi
Slide 13: Statement of cash flow
Statement of cash flow for the period ended 29 February 2016 February 2016 R Cash flows from operating activities Cash paid to suppliers (3 476 350) Cash used in operations (3 476 350) Interest income 9 992 043 Finance costs (45 768) Tax paid (2 302 160) Net cash from operating activities 4 167 765
Slide 14: General information
General information Country of incorporation and domicile Business address South Africa 2nd Floor Oakdale House Directors The Oval L de Wit (Chairman) 1 Oakdale Road N Kimber Claremont KP Lebina 7700 RB Makhubela C Ferreira Postal address PB Schabort PO Box 44721 KE Mbalo Claremont 7735 TD Soudien-W
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GAIA Infrastructure Capital — FY2016 Earnings Presentation on 6ix