For RAN ASX Debut Fri 22nd July 2016 About Range International:...

For RAN ASX Debut Fri 22nd July 2016

About Range International:
Range is a manufacturer of plastic pallets. It has developed the ThermoFusion™ technology that allows it to make plastic pallets from 100% recycled mixed waste plastic at a price that is competitive with wood pallets.
It currently has two production lines operating at its factory in Indonesia and sells its pallets under the brand Re>Pal™. With the additional funds raised through the Offer, Range intends to scale up its operations in Indonesia. In the medium term, the Company’s goal is to establish a global production footprint and sales distribution network.
Investment Highlights:
Re>Pal™ pallets: an environmentally sustainable product, designed to meet the unmet needs of pallet customers

• Re>Pal™ pallets are made entirely from recycled waste plastic and are cost competitive, safe, strong, durable and export ready.

The global pallet market: large and growing

• The global market for sales of new pallets is expected to exceed $50 billion per annum in 2017.
• Asia Pacific is the fastest growing regional consumer with pallet sales forecast to increase at an annual rate of 9.1% for the period 2012-2017, reaching 33% market share by 2017.
• Plastic pallets are expected to be the fastest growing segment at 9.1% per annum for the period 2012-2017 and reaching 275 million units in 2017.

Waste plastic: a major global issue

• 311 million tonnes of plastic was produced in 2014 and this is projected to reach 622 million tonnes per annum by 2034.
• 95% of plastic packaging material value or USD 80–120 billion annually, is lost to the economy after a short first use, and it is estimated that only 14% of plastic packaging is collected for recycling.

Timber consumption: a serious issue facing the pallet industry

• 93% of the five billion new pallets produced each year are made out of wood, and it is estimated that 40% of hardwood produced in the USA, and up to 40% of sawnwood in Spain, goes into pallet production.

Re>Pal™ pallets: well positioned to disrupt the global pallet market

• By manufacturing plastic pallets at an equivalent cost to wood pallets, with the significant advantages that plastic pallets offer, Range International is therefore providing a product that is likely to have a highly disruptive impact on the global pallet industry.” Frost & Sullivan – Independent Market Report on the Pallet Market (see Section 3 of prospectus)

Range: deep pallet industry experience

• Lars Amstrup, Managing Director – 30 years’ experience in supply chain, logistics and industrial manufacturing. Prior to this role, he was President of CHEP Asia.
• Ken Brandt, Head of Global Strategy – recently joined Range following 10 years with Bramble’s CHEP Pallets Division, with the last five years in the role of Global Director of Product Development.
• Russell Twine, Head of Sales, Marketing / PR – recently joined Range following 15 years with CHEP Pallets, including most recently the role of Asia Head of Sales for Key Account Customers.
• Mark Daniel, Non-executive Director – recently joined Range following more than 25 years professional experience in supply chains and logistics, including most recently as President of China Merchants Loscam International.

Range: scaling up for growth

• Range currently has two production lines in operation.
• The funds raised through the IPO have been budgeted to purchase an additional 14 production lines, of which 8 eight are expected to be operational by the end of 2017.
• With its first hub in Indonesia, Range is well situated to exploit Asian growth.

Key Offer Details:

	Column 1	Column 2
0
1
2	ASX Code	RAN​
3	Offer Price	$1.00 per share​
4	Offer Size	$50 million​
5	Total number of shares on issue at Completion of the Offer	150 million​
6	Market Capitalisation at the Offer Price	$150 million​