Omg Group Limited · ASX:OMG
Omg — Merger or Acquisition (September 2021)
25 slides from Omg's merger presentation, Sep 10, 2021
Slide 1: Investor Presentation
Investor Presentation September 2021
Slide 2: Important notices and disclaimer
Important notices and disclaimer This presentation has been prepared by Forbidden Foods Ltd ACN 616 507 334 (known as “Forbidden Foods”). This presentation was prepared on 10 September 2021 and the information in it is subject to change without notice. The information contained in this presentation
Slide 3: Important notices and disclaimer
Important notices and disclaimer Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward looking statements, forecast financial information or other forecast. Nothin
Slide 4: Executive summary
Executive summary Overview Forbidden Foods • Forbidden Foods (‘FFF’ or the ‘Company’) is an Australian based fast-moving consumer goods company specialising in the sourcing and development of innovative, health focused food products for retail and food service in Australia and abroad • Comprises a p
Slide 5: Acquisition Highlights
Acquisition Highlights Forbidden Foods Investor Presentation | September 2021 5
Slide 6: Blue Dinosaur snapshot
Blue Dinosaur snapshot Blue Dinosaur is a highly complementary business, strongly aligned to the strategic drivers of Forbidden Foods Blue Dinosaur Pty Ltd (‘BD’) was founded in 2011 by Michael and Tina Watts-Seale (the ‘Founders’), with the intention of building a brand that is the ‘Red Bull’ of th
Slide 7: Product overview
Snack Bars Product overview Hand-baked, plant- based, grain free snacks made from only 5 real food ingredients The Blue Dinosaur consumer lives a balanced, active and healthy lifestyle. Energy Bars With roast almond butter, dates, pink Himalayan rock salt, Cordyceps Aged 18 - 34 and mostly female, t
Slide 8: Strategic rationale
Strategic rationale A transformative acquisition for Forbidden Foods On a pro-forma basis for FY21, Forbidden Foods expects that the Blue Dinosaur business combined with Transformative acquisition Forbidden Foods existing operations would have delivered $7.94m of revenue1. The pro-forma revenue woul
Slide 9: Complementary distribution channels
Complementary distribution channels Blue Dinosaur Both Forbidden Foods Established diversified domestic distribution network. Blue Dinosaur distributes nationally into major and independent sales channels with over 8,000 outlets, including: • Major supermarkets • Independent grocers & health food st
Slide 10: Combined global footprint
Combined global footprint Blue Dinosaur also exports internationally to New Zealand, the United Kingdom and the United States. Blue Dinosaur also has registered trademarks in these markets and others across Europe and Asia, FFF also has trademarks in these jurisdictions, creating opportunities for f
Slide 11: Transaction & Capital Raise
Transaction & Capital Raise Forbidden Foods Investor Presentation | September 2021 11
Slide 12: Transaction & capital raise overview
Transaction Purchase Price The purchase price of up to $4.0m (inclusive of Earnout) will be paid as follows: • $2.0m of the purchase price as cash consideration at completion of the acquisition & capital • $1.2m of ordinary fully paid shares in FFF issued at completion of the acquisition. Shares pri
Slide 13: Pro-forma profit & loss - FY21
Pro-forma profit & loss - FY21 Underlying results ($’000) FFF 1 BD 2 Consolidated Revenue 4,206 3,735 7,941 Cost of sales (2,836) (2,088) (4,924) Gross profit 3 1,370 1,647 3,017 Gross profit margin (%) 32.6% 44.1% 38.0% Other income 166 136 302 SG&A and other expenses (4,322) (1,589) (5,911) Underl
Slide 14: Pro-forma balance sheet
Pro-forma balance sheet FFF 1 BD 2 $’000 Pro-Forma 3 Notes 30 Jun 2021 30 Jun 2021 Cash and cash equivalents 1,149 274 3,657 Additional $4.0m from capital raise post completion payment, less costs of acquisition and costs of offer Trade and other receivables 522 439 961 BD’s debtors Inventories 1,93
Slide 15: Indicative timetable Source & use of funds
Indicative timetable Source & use of funds Indicative Timetable 1 2021 Source of Funds 2 AUD $’000 Trading Halt Wednesday, 8 September 2021 Equity raising – Placement (Tranche 1) 3,500 Bookbuild completed for Placement Thursday, 9 September 2021 Equity raising – Placement (Tranche 2) 1,500 SPP Recor
Slide 16: Outlook
Outlook Forbidden Foods Investor Presentation | September 2021
Slide 17: Forbidden Foods
Forbidden Foods Create healthy and nutritious products that engage, delight and Premium Australian food producer focused on global super-trends of health, baby and plant-based diets inspire health-conscious consumers Focus on using quality Australian ingredients and use local supplier partnerships t
Slide 18: Our Brands
Our Brands A leading portfolio of brands with broad appeal in fast growing global segments Infant & Toddler Health & Nutrition Healthy Snacking Plant-Based Health Foods FUNCH products help children love, enjoy and discover Blue Dinosaur provides a range of health snack bars and Sensory Mill provides
Slide 19: Leverage the Macro trends of health food and plant-based diets
01 Leverage the Macro trends of health food and plant-based diets Strong demand for quality Australia products that utilise best in class produce and provide healthy and nutritional options for millennials and young families 02 Deliver innovation that excites We ensure our brands are fresh and excit
Slide 20: Delivering growth to drive returns
Delivering growth to drive returns Product range Plant Based Offering Continue e-commerce momentum Own our customer Build a robust pipeline of new SKU's Formulate innovative plant-based Enhance fulfillment capabilities, drive Understand our customer so we can that fits within the brands’ vision prod
Slide 21: Appendix
Appendix Forbidden Foods Investor Presentation | September 2021 21
Slide 22: Key Risks
Key Risks 1. Business Risks Reliance on third party raw materials and manufacturing suppliers Forbidden Foods relies on the availability of supply of raw materials, including organic raw materials, to meet the current and expected growth in demand for its products. Forbidden Foods’ business model re
Slide 23: Key Risks
Key Risks 1. Business Risks (continued) Customer concentration risk In FY2021, approximately 75% of Forbidden Foods’ revenue was generated from its top 10 customers. Should the Company’s trading relationship with any of its large customers change in an adverse way – for example as a result of compet
Slide 24: Key Risks
Key Risks 2. Acquisition Risks (continued) Reliance on information provided Forbidden Foods undertook a due diligence process in respect of Blue Dinosaur, which relied in part on the review of financial and other information provided by the vendors of Blue Dinosaur. Despite making reasonable efforts
Slide 25: Investor Enquiries
Investor Enquiries Marcus Brown Chief Executive Officer marcus.brown@forbiddenfoods.com.au www.forbiddenfoods.com.au