Fos Capital Ltd · ASX:FOS
Fos Capital — Merger or Acquisition (November 2022)
9 slides from Fos Capital's merger presentation, Nov 8, 2022
Slide 1: Hawko Lighting Acquisition Presentation
Hawko Lighting Acquisition Presentation ASX:FOS
Slide 2: FOS Lighting Overview
FOS Lighting Overview • FOS was established April 2019 • FOS designs, manufactures and distributes quality LED lighting solutions to the commercial construction industry with sectors including offices, hospitals, schools, warehouses, railway, galleries & museums • FOS is led by an experienced manage
Slide 3: Hawko Lighting Acquisition
Hawko Lighting Acquisition • Hawko Lighting Group • Established over 30 years, based on Sunshine Coast, Queensland • Manufactures an extensive range of LED linear lighting • Services the Australian market through distributors • 14 employees • FY22 Sales $3.3M • FY22 normalised EBIT $300K • Initial s
Slide 4: Acquisition Rationale
Acquisition Rationale • Hawko linear lighting range similar to FOS Vekta • Expands FOS’s market share in linear lighting • Linear lighting is FOS’s fastest growing product range • Hawko has products and tooling that fills gaps in FOS’s range • Significant synergies available through shared manufactu
Slide 5: Capital Raising
Capital Raising • FOS Capital has raised $1.5M via a sophisticated investor placement • Morgans Corporate Ltd acted as sole Financial Advisor to the offer • Offer price $0.20 • Total shares on issue prior to Offer 46,306,139 • Shares issued under Placement Offer 7,500,000 • Total funds raised from O
Slide 6: FOS Group Inclusive of Hawko
FOS Group Inclusive of Hawko 3 +$20M 6 7 Manufacturing & Annualized Sales Sales offices Distributors Warehousing facilities 15 64 +$7M $60M Product ranges Employees Order Book Quote pipeline
Slide 7: FOS Timeline
FOS Timeline FOS lighting Aon 209 FREND | gi megabay FOS Lighting is ghia Established June 2019 FOS Lighting acquires FREND LIGHTING & MEGABAY Pbsoun eCOPOINT (©) Feburary 2020 FA | October 2021 FOS Lighting opens FOS Lighting the South Australia November 2020 acquires ECOPOINT office FOS Lighting a
Slide 8: FY22 Financials
FY22 Financials P&L ($m) FY22 FY21 Balance Sheet ($m) June 22 Dec 21 June 21 Sales 13.5 8.1 Cash & Receivables 3.7 3.9 5.3 Gross Profit 5.7 3.3 Stock, P&E, Other 8.1 8.7 5.7 Other income 0.4 1.4 Total Assets 11.8 12.6 11 Expenses 5.7 3.9 Payables 1.8 1.6 1.6 PBT 0.41 0.79 Other 2.4 3.5 2.4 NPAT 0.35
Slide 9: FY22 Comparative analysis
FY22 Comparative analysis Orders on Hand 6.1M 6.2M ACTIVE QUOTES Sales 56.0M 50.0M $13.5M 3.8M 42.0M $8.1M $7.4M 25.1M $5.5M 15.0M 1.5M 1.5M $4.2M $2.8M $6.1M $3.9M $2.7M JUN 2020 DEC 2020 JUN 2021 DEC 2021 JUN 2022 Jun 2020 Dec 2020 Jun 2021 Dec 2021 Jun 2022 FY2020 FY2021 FY2022 1H 2H