Maas Group Holdings Ltd. · ASX:MGH
Maas — Merger or Acquisition (June 2021)
20 slides from Maas's merger presentation, Jun 28, 2021
Slide 1: Strategic and complementary acquisitions of businesses and property assets
Strategic and complementary acquisitions of businesses and property assets 28 June 2021 1
Slide 2: Agenda
2 AGENDA ▸ HIGHLIGHTS ▸ BALANCE SHEET UPDATE ▸ ACQUISITIONS ▸ EARNINGS CONFIRMATION ▸ STRATEGY & OUTLOOK 2
Slide 3: Transparent conversation to get it right
Transparent conversation to get it right MGH 3
Slide 4: Highlights
HIGHLIGHTS MGH continues to deliver on growth strategy - strategic and complementary acquisitions of businesses and property assets to support long term growth across multiple business segments with $12.5m Pro Forma EBITDA Contribution1 ► Increase approved in MGH’s existing Australian bank debt faci
Slide 5: Balance Sheet Update
BALANCE SHEET UPDATE Increase approved in MGH’s existing Australian bank debt facilities from $160m to $200m with improved financial covenants, and additional consent secured to source up to $100m project finance funding for nominated commercial development projects Existing Bank Debt Facilities for
Slide 6: Acquisitions Summary
ACQUISITIONS SUMMARY Strategic business & property acquisitions with $12.5m proforma EBITDA Contribution, aggregated up from consideration of $92.2m ($62.7m cash / $29.5m scrip) Up front Up front Deferred Pro Forma EBITDA Total consideration consideration No. of lots consideration (cash) considerati
Slide 7: Commercial and Industrial Real Estate Additions
COMMERICAL AND INDUSTRIAL REAL ESTATE ADDITIONS Real Estate represents a core pillar of MAAS Group’s vertical integration strategy, providing pull-thought demand for products and services provided by the Construction Materials and Civil Construction & Hire segments.. Strategic acquisitions that are
Slide 8: Residential Real Estate Acquisitions
RESIDENTIAL REAL ESTATE ACQUITIONS MGH has implemented a number of residential property acquisitions, representing the continuation of its strategy to grow its long-term residential real estate pipeline. Exercise of options on properties disclosed in prospectus Up front Expected Total cash Deferred
Slide 9: Strategic Business Acquisitions
STRATEGIC BUSINESS ACQUISITIONS Strategic acquisitions providing growth across the Real Estate, Construction Materials and Civil Construction & Hire Segments. Up front aggregate consideration $31.5m providing Pro forma EBITDA Contribution of $9.7m, additional $14.0m through earn out and deferred con
Slide 10: Strategic Business Acquisitions (cont.)
STRATEGIC BUSINESS ACQUISITIONS (CONT.) In line with its strategy to expand geographically from well-established local operations, MGH announces the following new acquisitions in the New England region for its Construction Materials segment & Construction Materials Segment Earn out / Pro Forma Up fr
Slide 11: Earnings Guidance Confirmation and Outlook
EARNINGS GUIDANCE CONFIRMATION AND OUTLOOK MAAS Group again confirms its FY21 earnings guidance of EBITDA of $70m - $77m, excluding the earnings impact of recent acquisitions that were announced on 29 April 2021 and completed in May and June 2021. FY21 earnings guidance ✓ MGH confirms its FY21 earni
Slide 12: Construction Materials - Highlights & Outlook
CONSTRUCTION MATERIALS - HIGHLIGHTS & OUTLOOK Foundations laid to capitalise and grow ✓ Tonnage from MGH’s high quality, strategically located quarry assets in the next 12 months (from approximately 1m tonnes sold in FY20 to above 2m tonnes in FY22 ✓ Contribution from Inland Rail expected to start i
Slide 13: Real Estate - Highlights & Outlook
REAL ESTATE - HIGHLIGHTS & OUTLOOK High demand for properties and price appreciation delivered material earnings growth ► Real Estate (Residential) ✓ Growing pipeline of approximately 4,800 lots, representing >15 year pipeline at today’s delivery rates ✓ Strong demand supporting expected increase in
Slide 14: Real Estate - Highlights & Outlook
REAL ESTATE - HIGHLIGHTS & OUTLOOK High demand for properties and price appreciation delivered material earnings growth ► Real Estate (Industrial and Commercial) ✓ A key element of MGH’s Real Estate growth strategy is to create value through commercial and industrial property developments ✓ Strong p
Slide 15: Civil Construction & Hire - Highlights & Outlook
CIVIL CONSTRUCTION & HIRE - HIGHLIGHTS & OUTLOOK A number of projects commenced delivering immediate returns in 1H21 as well as establishing a foot hold for FY22 and beyond ✓ Strong pipeline and forward order book – approximately 60 – 70% secured for he next 12 months ✓ Good visibility in pipeline f
Slide 16: Manufacturing, Sales & Services Highlights & Outlook
MANUFACTURING, SALES & SERVICES1 HIGHLIGHTS & OUTLOOK Continued improvement for inhouse and toll manufacturing to capitalise on growing pipeline from global demand ✓ Expansion of product range through VMS supporting expected double-digit growth in FY22 ✓ Demand for products and services supported by
Slide 17: Related Party Acquisitions
RELATED PARTY ACQUISITIONS Related Party Acquisitions Key dates • The following acquisitions of properties are from related parties of MGH, being • Expected response from ASX on related party submission: July 2021 entities associated with Wes Maas, the founder and CEO of the Company. • Lodge Notice
Slide 18: Strategic Focus
STRATEGIC FOCUS ON TRACK CAPITALISE ON CONTINUED VERTICAL INTEGRATION INVESTMENT WITH SUSTAINABLE GROWTH 18
Slide 19: Important Notices & Disclaimers
Summary Only Forward-looking statements IMPORTANT The purpose of this presentation is to provide general information about Maas Group Holdings Ltd ( MGH or the Company ) and its subsidiaries and business. All information presented in this Any forward-looking statements contained in this presentation
Slide 20: Contact
Contact HQ: 20L Sheraton Road, Dubbo NSW 2830 Postal: PO Box 4921, Dubbo NSW 2830 P: 02 5852 1800 E: info@maasgroup.com.au ACN: 632 994 542
Maas Group Holdings — Merger or Acquisition (June 2021) on 6ix