Partnership with GO-TO and Equity Raising Presentation
Important notices and disclaimer
Not financial product advice
This Presentation does not constitute financial product or investment advice or any recommendation to acquire shares in BWX or accounting, legal or tax advice. It has been prepared without taking into account the objectives, financial or tax
situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and obtain
legal and taxation advice appropriate to their jurisdiction. BWX is not licensed to provide financial product advice in respect of the Offer or any other financial products. Cooling off rights do not apply to the acquisition of New Shares under
the Offer.
Investment risk
An investment in the New Shares is subject to investment and other known and unknown risks, some of which are beyond the control of BWX including loss of income and principal invested. The Company does not guarantee any particular
rate of return or performance or any particular tax treatment. Persons should have regard to the Key Risks outlined in this Presentation.
Financial data
All dollar values are in Australian dollars (A$ or AUD) unless otherwise stated. Prospective investors should also be aware that the pro-forma financial information included in this Presentation is for illustrative purposes and does not purport
to be in compliance with Article 11 of Regulation S-X of the rules and regulations of the United States Securities and Exchange Commission. Prospective investors should be aware that certain financial data included in this presentation is
"non-IFRS financial information" under ASIC Regulatory Guide 230 Disclosing non-IFRS financial information published by ASIC and also "non-GAAP financial measures" within the meaning of Regulation G under the U.S. Securities Exchange
Act of 1934. Non-IFRS/non-GAAP measures in this presentation include the pro-forma financial information, EBITDA and EBIT.
While the Company believes that this non-IFRS/non-GAAP financial information provides useful information to users in measuring the financial position and conditions of the Company, the non-IFRS/non-GAAP financial information does not
have a standardised meaning prescribed by Australian Accounting Standards and, therefore, may not be comparable to similarly titled measures presented by other entities, nor should it be construed as an alternative to other financial
measures determined in accordance with Australian Accounting Standards. Prospective investors are cautioned, therefore, not to place undue reliance on any non-IFRS/non-GAAP financial information and ratios included in this Presentation.
Joint Lead Managers and advisors
Macquarie Capital (Australia) Limited (Macquarie) and Bell Potter Securities Limited (Bell Potter) have acted as Joint Lead Managers and Underwriters to the Placement. Macquarie and Bell Potter have not authorised, permitted or caused the
issue or lodgement, submission, dispatch or provision of this Presentation and there is no statement in this Presentation which is based on any statement made by either of them or by any of their affiliates, officers or employees. To the
maximum extent permitted by law, each of Macquarie, Bell Potter, their respective affiliates, officers, employees and advisers expressly disclaim all liabilities in respect of, and make no representations regarding, and take no responsibility
for, any part of this Presentation other than references to their name and make no representation or warranty as to the currency, accuracy, reliability or completeness of this Presentation.
Effect of rounding
A number of figures, amounts, percentages, estimates and calculations of value in this Presentation are subject to the effects of rounding.
Past performance
Investors should note that past performance and pro forma financial information given in this Presentation is given for illustrative purposes only and should not be relied on as (and is not) an indication of BWX's views on its future financial
performance or condition. Prospective investors should note that past performance, including past share price performance, of BWX cannot be relied on as an indicator of (and provides no guidance as to) future performance including future
share price performance.
STRICTLY CONFIDENTIAL
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES
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