Reece Limited · ASX:REH

Reece — Merger or Acquisition (January 2014)

8 slides from Reece's merger presentation, Jan 31, 2014

  1. Slide 1: Completion of Acquisition

    COMPLETION OF ACQUISITION 31 January 2014 Reece Australia Limited completes acquisition of Actrol Group Reece Australia Limited (‘Reece’) is pleased to confirm the completion of the acquisition of Actrol Parts Holding Pty Ltd and its subsidiaries Actrol Parts and AC Components (trading as Metalflex)

  2. Slide 2: Acquisition of Actrol Group

    Reece Australia Limited Acquisition of Actrol Group 31 January 2014

  3. Slide 3: Acquisition of Actrol Group

    Acquisition of Actrol Group  Reece Australia Limited has purchased 100% of the Actrol Group encompassing Actrol Parts and AC Components (trading as Metalflex and Air Plus).  Combined, the Actrol Group has a network of 79 branches, 5 distribution centres and a gas decanting plant.  The acquisition

  4. Slide 4: Actrol Group Structure

    Actrol Group Structure Actrol Group consists of the following companies: Actrol Parts Holdings Pty Ltd “Actrol Group” Actrol Parts AC Components Metalflex Airplus

  5. Slide 5: Summary of Actrol Group

    Summary of Actrol Group  Wholesale provider of specialised  Wholesale provider and distributor of refrigeration and refrigerant based heating and air conditioning units and commercial air conditioning parts and components equipment  Operates under the Metalflex and AirPlus  Network of 61 branche

  6. Slide 6: Actrol Group – A Good Strategic Fit

    Actrol Group – A Good Strategic Fit  Enables Reece to establish a presence in Australia’s refrigeration and air conditioning industry.  Actrol’s businesses are highly complimentary to Reece. They are businesses operating in an adjacent industry. Actrol Group provides the potential to leverage Reec

  7. Slide 7: Financial Implications

    Financial Implications Consideration  Acquisition price of $280m Financial Metrics  Expected to be EPS accretive in FY2014  FY2014 sales impact expected to be in excess of $100M Funding  Financing through $200M bank debt Other  Strong strategic fit with Reece  Both companies will continue to o

  8. Slide 8: Works for you.

    Works for you.

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