Investor Presentaiton
Pro forma balance sheet
Jun-23 pro forma balance sheet
A$m
Orora
Equity Raising(3)
Debt Funding(5)
(30 June 2023)
Saverglass
(30 June 2023)(1)
Pro forma post
Acquisition
(30 June 2023)(1)
•
Pro forma balance sheet illustrates
the impact of the Acquisition and
•
Equity Raising on the 30 June 2023
Orora balance sheet
This is illustrative only, and based on
Saverglass unaudited accounts as at
30 June 2023
Reflects net proceeds of A$1,321
from the A$1,345m Equity Raising
A$875m drawdown on new bilateral
bridge facility
Pro forma leverage of 2.50x, within
Orora's target range of 2.0-2.5x
Cash
58
1,321
866
(2,187)(4)
58
Other Current Assets
1,199
642
1,841
Property, Plant & Equipment
807
845
1,651
ROU Lease Assets (2)
181
181
Goodwill & Intangible Assets (1)
440
1,111
1,551
•
Other Non-Current Assets
117
35
152
Total Assets
2,802
1,321
866
447
5,435
Borrowings
832
875
1,707
ROU Lease Liabilities (2)
228
228
Payables & Provisions
942
478
1,419
Total Equity
800
1,321
(8)
(31)
2,082
Total Liabilities & Equity
2,802
1,321
866
447
5,435
Net Debt
Leverage
Gearing
774
2.05x
49%
1,649
2.50x
44%
Notes: (1) An adjustment has been made to reflect the estimated financial effect of accounting for the Acquisition and is illustrative only, with the difference between agreed consideration and the net operating assets acquired allocated to
Goodwill & Intangible Assets. Purchase price accounting will be finalised after completion of the Acquisition. Financial information has been converted from EUR to AUD at EUR/AUD of 1.67. (2) Saverglass currently reports under French GAAP, in
34 particular its balance sheet does not include the impacts of AASB-16 (Leases) (3) Equity Raising is shown net of associated costs (of A$24m) which are directly attributable to the Equity Raising and are offset against share capital. (4) Acquisition
price of A$2,156m and estimated Transaction related costs of A$31m. (5) Includes A$8m of associated debt funding costs to be expensed.
OR RA
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