SPEEDCAST INTERNATIONAL LIMITED 
Transaction highlights:
- Acquisition of WINS Limited ("WINS"), a market leader in the European Maritime sector, for all-cash consideration of EUR 60.0M (USD 66.9M), funded through an equity raising including an underwritten placement and additional debt financing
- Increases SpeedCast's exposure to the Maritime sector which has strong underlying market fundamentals expected to underpin long-term organic growth
- Provides SpeedCast with a strong local presence in Germany, a key hub for the merchant shipping industry in Europe, and enables SpeedCast to enter the global market for passenger-carrying vessels (cruise ships and ferries), an attractive growth segment
- On a pro forma full-year basis, the acquisition is expected to be high single digit EPS accretive in FY2016 (on a NPATA basis), including estimated annual cost synergies
- Additional USD 30M debt financing secured. Upon completion of the acquisition and equity raising, pro forma leverage is expected to be 3.1x net debt / LTM EBITDA. SpeedCast continues to generate strong operating cash flows and earnings growth, and the combination of these two factors is expected to reduce the pro forma leverage materially over time.
- Including the expected earnings contribution of WINS for the four month period post acquisition, FY2016 underlying EBITDA is expected to be approximately USD 41M-43M
To view the full presentation, please visit:
http://abnnewswire.net/lnk/8714778Y
About Speedcast International Ltd:
SpeedCast International Ltd (ASX:SDA) is a leading global satellite communications and network service provider, offering high-quality managed network services in over 90 countries and a global maritime network serving customers worldwide. With a worldwide network of 40 sales and support offices and 39 teleport operations, SpeedCast has a unique infrastructure to serve the requirements of customers globally. With over 5,000 links on land and at sea supporting mission critical applications, SpeedCast has distinguished itself with a strong operational expertise and a highly efficient support organization. For more information, visit www.speedcast.com.
Source:
Speedcast International Ltd
Contact:
Investors: Ian Baldwin Chief Financial Officer SpeedCast International Limited Phone: +61-432-680-746 Email: ian.baldwin@speedcast.com Media: Clara So Marketing Director SpeedCast International Limited Phone: +852-3919-6800 Email: clara.so@speedcast.com
