RCL Foods Limited · JSE:RCL
RCL Foods — Merger or Acquisition (November 2013)
8 slides from RCL Foods's merger presentation, Nov 22, 2013
Slide 1: Analyst & Investor Presentation
Analyst & Investor Presentation 22 November 2013 11am
Slide 2: Introduction
Introduction • RCL Foods Limited (“RCL Foods” or the “Company”) is pursuing compelling acquisitions of FMCG brands in strategic growth markets in the food sector in South Africa and the greater sub-Saharan Africa markets • On 21 November 2013, RCL Foods announced: – Its intention to acquire 100% of
Slide 3: TSB in brief
TSB in brief Overview Valuation TSB is one of South Africa's leading producers of refined and raw sugar • A valuation of c.R4.0bn has been quantified and agreed – Operates three mills in South Africa at Malalane, Komati and • Deloitte has also opined on the valuation and have found Pongola, which ar
Slide 4: Key rationale for TSB Acquisition
Key rationale for TSB Acquisition Creates a more broadly diversified revenue stream out of the combined RCL Foods and TSB operations Unlocks potential A larger merged selling, distribution company can and credit provide ready management acquisition “fire- synergies between power” for future RCL’s Ve
Slide 5: Background to proposed BEE Transactions
Background to proposed BEE Transactions TSB Sugar Holdings • In line with the long-term goal of value creation for shareholders, TSB Sugar Holdings (TSB) has developed a BEE ownership transaction to appropriately empower its shareholder base. TSB believes that this is in line with the spirit of the
Slide 6: Equity Capital Raising
Equity Capital Raising • In addition to the TSB Acquisition, RCL Foods is pursuing a number of other compelling acquisitions of FMCG brands in strategic growth markets in the food sector in South Africa and the greater sub-Saharan Africa markets • In line with this strategy RCL Foods wishes to raise
Slide 7: Resultant structure post merger
Resultant structure post merger BEE shareholders Minority shareholders c.76% * c.16%* c.8%* Listed entity 100.0% 100.0% 100.0% 100.0% 100.0% 49.0% 51.0% New Rainbow Vector TSB Sugar TSB Sugar Foodcorp Zam Chick Zamhatch Farms (Pty) Logistics RSA International Holdings Limited Limited Ltd (Pty) Ltd (
Slide 8: Thank You
THANK YOU 8