Partnership with GO-TO and Equity Raising Presentation
Partnership funding
Overview
BWX seeks to raise equity to enable it to:
Fund investment into the Go-To Partnership and associated transaction costs
The Go-To Partnership investment will be funded via a combination of existing cash on hand and funds raised via the Equity Raising¹
Pro forma net debt as at 30 June 2021 of $2.2m1,2 representing net debt / FY21 EBITDA of <0.1x
-
Prior to the equity raising, BWX had a net cash position of $7.2m as at 30 June 2021 prior to Transaction completion²
Sources & uses of capital raising proceeds
Sources
Placement proceeds
Cash on hand
Total sources¹
STRICTLY CONFIDENTIAL
A$m
A$m
Uses
85.0
Go-To Partnership consideration and transaction costs
93.7
8.7
93.7
Total uses
Notes: 1. Excludes SPP proceeds and the consideration in relation to the Flora & Fauna acquisition which is set to complete in 1Q22. 2. On a post-AASB 16 basis.
93.7
28View entire presentation