Steel & Tube Holdings Limited · NZX:STU
Steel & Tube — Merger or Acquisition (October 2016)
8 slides from Steel & Tube's merger presentation, October 2016
Slide 1: CFDL Acquisition
CFDL Acquisition October 2016
Slide 2: Composite Floor Decks Ltd (CFDL) An Introduction
Composite Floor Decks Ltd (CFDL) An Introduction • Began in 2004 by UK Studwelders – pre-eminent installer of steel floor decking systems in the UK • 2 locations:- - Head office in Auckland adjoining S&T Stainless site - Christchurch • Employs approximately 50 staff • Market leader in NZ of installe
Slide 3: CFDL – What they do
CFDL — What they — oer, mm: os m% Ui cee rs NEEL a
Slide 4: CFDL – Strengths
CFDL – Strengths • Strong relationships with all significant construction companies • Well established and loyal staff • Technical expertise is unsurpassed in NZ • Significant on-site management expertise • Highly dependant on construction sector – growth expected • Excellent relationships with spec
Slide 5: CFDL – Strength to S&T
CFDL – Strength to S&T • Strengthens our Comflor supply chain • Extends and complements S&T existing expertise in engineering design of floor deck systems • Removes reliance on outsourced installer and distributor of Comflor product • Poised to take advantage of construction growth, particularly in
Slide 6: Financials, Asset Acquisition
CFDL – Financials, Asset Acquisition F15/16 Actual F16/17 Forecast (March) Revenue $18.0m $22.5m EBITDA 4.3m 5.5m Depreciation 0.2m 0.3m Comments Initial Acquisition price $13.25m Paid in cash from existing facilities Earn-out potential $3.0m Financial milestones through to September 2018, to be pai
Slide 7: Accounting Considerations
CFDL – Accounting Considerations • IFRS requires the allocation of the purchase price to:- 1. The value of customer contracts acquired 2. Customer relationships acquired, and finally to 3. Goodwill • Detailed valuations for these items are yet to be finalised and will be completed by year end • Sign
Slide 8: Questions?
Questions? For further details or information, please contact Tanya Katterns on 04 5705048 or email her on tanya.katterns@steelandtube.co.nz
Steel & Tube Holdings — Merger or Acquisition (October 2016) on 6ix