Acumentis Group Limited · ASX:ACU
Acumentis — Investor Presentation (July 2019)
15 slides from Acumentis's investor presentation, Jul 19, 2019
Slide 1: Rights Offer to Shareholders
RIGHTS OFFER TO SHAREHOLDERS July 2019 www.lmw.com.au
Slide 2: Disclaimer
Disclaimer This presentation prepared by LandMark White Limited contains statements which could be perceived as ‘forward-looking statements’. Such statements are only expectations or beliefs and are subject to inherent risks and uncertainties which could cause actual values, results or performance a
Slide 3: About LMW
About LMW • LandMark White Limited (ASX:LMW) is an ASX listed property advisory business with the majority of its activities being provision of valuation services. • LMW is one of the largest independent listed property valuer in Australia and has been trading on the ASX for over 15 years. • LMW’s K
Slide 4: Company Structure
Company Structure • LMW’s business is structured as three LMW Limited main lines of operation. These operating lines are known as: • LMW Services which largely incorporates the delivery of valuation services to urban locations on the Eastern Seaboard LMW Services Regional Network Statutory Services
Slide 5: Company Update
Company Update • In the last five months, LMW was subjected to two cyber incidents which disrupted normal operations. • The incidents led to a number of LMW’s financial institution clients suspending workflows to LMW in relation to mortgage-based valuation services. These suspensions had a material
Slide 6: Company Update
Company Update • During the period of disruption, LMW continued to receive instructions from a number of financial institutions, Federal, State and Local government and through the Company’s regional network of valuers. • The performance of these business units proves the strength of the Company in
Slide 7: Advanced Security & IT Infrastructure
Advanced Security & IT Infrastructure • LMW has accelerated the roll-out of new and advanced IT security infrastructure. • The company has implemented security upgrades, aligning LMW’s practices to: • The Australian Cyber Security Centre’s Essential 8; and • Certification to ISO 27001 Information Se
Slide 8: Company Strategy
Company Strategy • The Company has embarked upon a business optimisation strategy intended to: • streamline operations; • improve Group earnings margins; and • secure sustainable ongoing returns for shareholders. • LMW’s current initiatives are focused on: • realising cost and earnings-based synergi
Slide 9: Company Strategy Progress
Company Strategy Progress • Realising cost and earnings-based synergies is an immediate focus. LMW anticipates annualised cost savings to be achieved within the next six months from: • employee expenses; • the simplification of the Company’s structure; • office expenses; and • infrastructure costs.
Slide 10: Forward Looking Earnings Profile
Forward Looking Earnings Profile Equivalent Equivalent $’000* EPS & ROI EPS & ROI Min. Subscription Max. Subscription • This capital raising has Statutory Services Revenue 13,300 been priced on the basis of a $38m of Regional Network Revenue 12,900 revenue business (not LMW Services Revenue 11,800 t
Slide 11: The Offer
The Offer • LMW is offering a capital Key Terms raising by the way of a 4 for Offer Price $0.08 every 5 shares held Entitlement Issue to 52wk High $0.61 shareholders at an issue price 52wk Average $0.48 of $0.08 to raise up to $5.45m. 52wk Low $0.17 • Enrizen Capital has been Last traded $0.18 appoi
Slide 12: Use of Funds
Use of Funds Min. Subscription Max. Subscription $’000 $’000 Staff Restructuring Strategy 1,600 1,600 IT Infrastructure 400 400 LMW WA 600 600 Reduction of Debt / Working Capital 30 2,323 Cost of Offer – Prospectus Costs 190 190 Cost of Offer – Capital Raising 180 330 Total 3,000 5,443
Slide 13: Capital Structure
Capital Structure Min Raising Shares Value Max Raising Shares Value Current Shares on Current Shares on 85,134,111 85,134,111 Issue Issue Rights Issue 37,500,000 $3,000 Rights Issue 68,045,819 $5,450 Advisor Shares 2,500,000 Advisor Shares 2,500,000 Total Undiluted 125,134,111 Total Undiluted 155,67
Slide 14: Indicative Timetable
Indicative Timetable Event Date Rights Issue announced to market via 19 July 2019 prospectus Rights Issue opens 25 July 2019 Rights Issue closes 16 August 2019 Shortfall Offer opens 21 August 2019 LMW recommences trading on ASX 26 August 2019
Slide 15: LMW Contact Details
LMW CONTACT DETAILS Level 6, 55 Clarence Street Sydney NSW 2000 T: +61 2 8823 6300 LEAD MANAGER CONTACT DETAILS Enrizen Capital Pty Ltd Trent Franklin Thomas Kearns +61 2 8316 3950 Disclaimer To the fullest extent permitted by law, Enrizen Capital Pty Limited and Enrizen Pty. Ltd. (collectively, Enr