ABOUT ARCPAC
ArcPac is a leading Australian residential building products business that operates in two markets, garage doors (under the Steel-Line brand) and Louvre windows (under the Breezway brand).
Key highlights include:
o Largest Louvre provider with Breezway market share of 82%
- Leading player with established business
o Second largest garage door provider. Steel-Line total market share has grown from 21% in 2007 to 31% today
o Growing housing deficiency translates to strong future construction activity
- Improvement in housing market
o Supportive RBA policy
o 23 branch garage door distribution network
- Significant barriers to entry
o 4 Louvre window service centres (Australia wide)
o Louvre manufacturing & distribution facilities in Malaysia & Hawaii
o EBITDA margins of 13.5% in FY2014 and 15.9% forecast in FY2015
- Invested in growth
o Capacity to take advantage of expected growth opportunities
o Utilising IP to enter and grow the premium Louvre market in other countries similar to Australia
KEY OFFER DETAILS
Column 1 Column 2 0 IPO size $115.4 million – $135.3 million 1 Offer Price Range $2.15 - $2.55 per Share 2 Implied market cap $150.5m - $178.5m 3 Valuation EV/EBITDA (FY15): 7.6x – 8.8x
P/E (FY15 NPATA): 10.6x – 12.6x
Div Yield*: Estimated FY15: 6.6% – 5.6%
* Annualised dividend yield based on 70% of FY15 NPATA
KEY DATES
- Floats opens – 10:00am (Sydney time), Tuesday, 9 September 2014
- Floats closes – 11.00am (Sydney time),Tuesday, 16 September 2014
- Institutional Bookbuild – Wednesday 17 – Thursday 18, September 2014
- Prospectus lodgement – Friday, 19 September 2014
- Forms/monies due at Ord Minnett – 5.00pm (Sydney time), Tuesday, 7 October 2014
- Commencement of trading (deferred settlement) – Monday, 13 October 2014
- Commencement of trading (normal basis) – Wednesday, 15 October 2014
- Forums
- IPOs
- arcpac ipo
arcpac ipo, page-2
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)