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COMPANY UPDATE Acquisition of assets from Cablelogic Pty Ltd
JULY 2016
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ABOUT TEMPO
ASX listed contractor servicing the resources sectors –mining, and oil and gas
Target contract size <$50m – geared for scopes of work that are not economic for large players
Larger works targeted in partnership with large Engineering Procurement and Construction firms, and Original Equipment Manufacturers
Well positioned for sustainable and strategic growth –heathy tender pipeline
Key Value Proposition: Flat management structure that drives lean overheads and
improved client responsiveness Structured front line employee engagement process
focused on driving retention and continuous improvement Efficient management system focused around productivity,
quality and risk management Established frontline productivity tool-kit, comprising of five
key tools developed to drive site based activities through continuous monitoring of leading productivity indicators
Exclusive partnership with a tech company aimed at obtaining site-based productivity metrics through the use of innovative micro and geo-fencing techniques
FinancialsStrong operating cash flows in the last 12 months to 31 Mar 2016 $11.5m
Record revenue (to year ending 31 Dec 2015) $79.2m
Record NPAT (to year ending 31 Dec 2015) $6.7m
Cash at bank (at 31 Mar 2016) $9.8m
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ABOUT CABLELOGIC
Established in 1995, headquartered in Perth, with a regional office and workshop in Karratha
Workforce of ~45 including more than 30 front line employees Specialist provider of electrical, telecom and data
communications services to the Resources, Telecommunications, Commercial and Industrial Building Construction industries
Extensive experience in turnkey fibre optic and communications cabling solutions including design, procurement, installation, terminations and specialist telecommunications carrier grade OTDR testing for LNG trains, gas plants, offshore platforms, mines and camps in both live and construction environments
Strong track record of delivery with an established client base in the commercial and industrial building industry
Dedicated service & maintenance division offering electrical & data cabling services and maintenance support to organisations across WA
Strong track record in renewable energy and energy management solutions for commercial and industrial clients encompassing solar PV grid connected and off grid systems as well as battery storage technology
Achieved Quality Assurance and OH&S certification to AS9001 and AS4801 as well holding many Original Equipment Manufacturers endorsements
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ACQUISITION BUSINESS CASE – STRATEGIC RATIONALE
CREATE SHAREHOLDER VALUE
ENHANCECOMPETITIVE ADVANTAGE
ENSURE SUSTAINABLE FUTURE
MANAGE RISK
WORK WITH THE RIGHT CLIENTS AND
PARTNERS
STRATEGIC IMPERATIVE
• Enhances Tempo’s specialised delivery capabilities and extends service offering through a 20 year track record of successful electrical, telecom and data communication services to the resources and commercial sectors
• Expands Tempo’s presence in the Pilbara region through a regional office and workshop in Karratha• Assets include work in hand of approximately $4 million and an operational group with specialised plant and
equipment that have delivered an average turnover over the past three years of approximately $15 million• Cablelogic’s core business is profitable and scalable, but previous investments in non-core assets, coupled
with a weak balance sheet, had forced Cablelogic into receivership
• Allows Tempo to further differentiate on upcoming rail line technology and upgrades, mining, oil and gas maintenance and sustaining capital projects where specialised electrical, telecom and data communication expertise and equipment is required
• A highly experienced operational team which will be located at Tempo’s current headquarters, broadening Tempo’s delivery depth
• Recurring revenue streams through the delivery of long term electrical, telecom and data communication infrastructure and maintenance services
• An expanded pipeline of opportunities has already been established (through the diligence process) with existing Cablelogic and Tempo clients
• Allows Tempo to diversify into the commercial and industrial building sectors through a 20 year track record of delivery with well established clients
• The acquisition has been funded out of working capital, and will not impact Tempo’s ability to fund current business or support future growth opportunities
• Cablelogic has a strong track-record of delivery to Blue Chip clients in the Resources and Commercial and Industrial sectors
• Further strengthen Tempo’s established working relationships with key clients such as: Woodside, Chevron, BHP Billiton, and Rio Tinto
HOW THE CABLELOGIC ACQUISITION DELIVERS ON TEMPO’S STRATEGY
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TEMPO GROUP OPERATING MODEL (POST ACQUISITION)
Cablelogic to become Tempo’s electrical, telecom and data communication division for the Commercial and Industrial Building Construction Industry
Cablelogic personnel and assets will further differentiate and enhance Tempo’s brand of a specialised multidisciplinary construction and maintenance group in the resource sector
Cablelogic brand will be retained and used to target: telecom and data communications work in
the Commercial and Industrial Building Construction Industry; and
long term electrical, telecom and data communications infrastructure maintenance service offerings across metropolitan areas
Cablelogic operational personnel will relocate to Tempo’s premises and work utilising Tempo’s management systems
Multidisciplinary Construction & Maintenance
Resources Industrial & Commercial
Electrical & Telecommunications
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CABLELOGIC CORE CAPABILITES
Resources Solutions Commercial and Industrial Solutions
Service and Maintenance Solutions
Experience in the design and construction of electrical, data and telecom communication infrastructure for onshore plant, offshore rig, platforms, ship cabling, mines and mine camps
State-wide coverage supported by a Perth based operations team, and regional Karratha branch
Experience in intrinsically safe equipment Fibre optic single and multimode cabling
from 6 core to 144 core Cat5e, cat6a, and cat7 structured cabling
systems Program Logic Controllers, and E&I work Multi core backbone cabling for controls
and communications System cabling for various applications
such as Alan Bradley, ABB VSDs, Vesdafire systems, security, Triconics etc
Satellite systems RF and wireless Conduit, pit and pipe, cable ladder, tray
and basket support systems
20 years of experience providing electrical, telecom and data infrastructure design and installation to commercial and government clients
Experience in providing solar power and energy efficiency solutions
Electrical and structured cabling Fibre Optic single and multimode cabling
from 6 core to 144 core Satellite and wireless communications Security and Access control systems Fire and EWIS Lighting and Telephony installations
Preventive and reactive maintenance for electrical and communications network to minimise downtime
Metropolitan coverage supported by a dedicated Service & Installation team
Complete service and support for electrical, data and voice network infrastructure
Repair of data outlets and cabling Repair and testing of fibre optic cabling Repair or replacement of electrical
cabling, light fittings, emergency light audits, RCD test and repair, test and tagging of power points, outlets, office equipment and stores equipment
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KEY PROJECTS/TRACK RECORD – RESOURCES SOLUTIONS
LNG4 & 5 and Pluto Gas Trains
Client: Woodside PetroleumScope: Execution of fusion spliced fibre optic terminations to support ethernet LAN network, gas plant process control systems, CCTV, fire protection systems, security and access control systems and other services. Temporary and permanent construction building fibre and copper cabling
Mooka Stage 1 & 2Ore Car Repair Shop Expansion Project
Client: McConnell Dowell & BHPBScope: Installation of communications, fibre optic and E&I cabling infrastructure for new machines and robotic systems, PLC systems, commissioning and electrical punch list items
Rio Tinto Iron Ore Rail Capacity Enhancement Project
Client: Ansaldo STS & Rio Tinto Iron Ore Scope: Rail signalling upgrade and new construction project along side live operating rail network. Drum testing of fibre optic cables, post installation testing of fibre optic cables, installation, termination and testing of mainline and spurs cables, installation, termination and testing of cables between signalling equipment cases testing and certification to client and vendor specifications
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KEY PROJECTS/TRACK RECORD – RESOURCES SOLUTIONS
Oyu Tolgoi Gold Mine, Mongolia
Client: Rio Tinto and Oyu Tolgoi.Scope: Engaged by Rio Tinto to consult, assist, train and work alongside Chinese and Mongolian communications contractors for best practices for installation, termination and certification testing of fibre optic network and process control systems for the new underground gold mine located in the Gobi desert in central Mongolia
Wheatstone LNG Offshore Platform
Client: BAE Systems and Chevron .Scope: Execution of fibre optic core testing. Support subsea umbilical fibre optic cable termination and testing to platform’s junction box. Test, re-terminate, retest and certify 6,8,& 24 core, OS1 and OM3 fibre cables to Chevron standards
Cloudbreak Mine – Newman .
Client: Downer EDI & Fortescue Metals GroupScope: Cable installation for new mine including 48 core fibre optic and communications cabling facilities for process control, marshalling and LAN systems
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KEY PROJECTS/TRACK RECORD – COMMERCIAL & INDUSTRIAL SOLUTIONS
BP Refinery, Kwinana
Client: Gavin Construction & BP .Scope: Large open general lab, office space, amenities, second floor plant room, octane test engine facility, process analyser workshop and support facilities
Willetton Senior High SchoolClient: Cockram Construction .Scope: Constructed electrical services,fibre optic backbone and cat 6 data cabling for six new blocks while keeping the existing school operating
GP Super Clinic
Client: Pindan & Metropolitan Redevelopment AuthorityScope: Subdivision of the heritage listed Midland Rail Workshops (Block 1) and construction of a new multi-storey building within the confines of the heritage listed buildingF
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KEY PROJECTS/TRACK RECORD – SERVICE & MAINTENANCE SOLUTIONS
Attorney General’s DeptClient: Australian Government .
Scope: Cable installation, service and maintenance state wide over the past 20 years
VodafoneClient: Cellular Asset Management and Vodafone
Scope: Installation of IBC (in building cabling services) in airports, shopping centres, public spaces, hospitals and high rise buildings for mobile phone services
Flight CentreClient: One Group Retail and Flight Centre .
Scope: Installation of voice, data, and electrical equipment for new branch stores over the past 10 years
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DISCLAIMER
This Presentation is provided by Tempo Australia Ltd (the Company).
You should not rely upon anything in this presentation and/or any information obtained from the Company, its Directors or their associates in deciding whether or not to seek to participate in the shares of the Company.
This is not an offer to subscribe for securities in the Company.
The Presentation may contain quantitative statements of anticipated future performance such as projections, forecasts, calculations, forward-looking statements or estimates all of which are based on certain assumptions (Forward Looking Statements).
The Forward Looking Statements may involve subjective judgements and are based on a large number of assumptions and are subject to significant uncertainties and contingencies, many of which are outside the control of the Company and may not prove to be correct.
No representation or warranty is made that any Forward Looking Statements will be achieved, or occur, or that the assumptions upon which they are based are reasonable or the financial calculations from which they have been derived are correct. Actual future events may vary significantly from the Forward Looking Statements.
Each Recipient should undertake its own independent review of the Forward Looking Statements, including the assumptions on which they are based and the financial calculations from which they are derivedF
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