tellus holdings ltd valuation
DESCRIPTION
Future value of unlisted public entity Tellus Holdings Ltd as measured against listed peer group member Toxfree Ltd (TOX.ASX)TRANSCRIPT
Tellus Holdings Ltd Valua1on Metrics
Brad Ridge CEO/Principal Partner Grid Investment Capital
March 2015
GRID INVESTMENT CAPITAL
Disclaimer:
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GRID INVESTMENT CAPITAL
GRID INVESTMENT CAPITAL
March 2015 • Toxfree share price at March end 2015 • 1 Toxfree -‐ www.toxfree.com.au/upload_documents/presenta:ons/First%20Half%20FY15%20-‐%20Results%20Presenta:on.pdf • 2 Tellus -‐ Based on 25 year LOM independent financial assessment conducted by Corality
(TOX.ASX)
Listed peer group comparison – Toxfree
(TOX.ASX)
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EBITDA Margin EBIT Margin NPAT Margin Dividend Yield
Margins
GRID INVESTMENT CAPITAL
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EBITDA Margin EPS EBIT Margin NPAT Margin P/E RaVo Dividend Yield
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March 2015
GRID INVESTMENT CAPITAL
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Market CapitalisaVon (AU
D million)
Share Price
MCap Share Price
March 2015
$9.41 : TOX equivalent P/E Ra:o
(1700% TR)
$4.23 : TOX equivalent
EBITDA margin (770% TR)
Secured assets, studies update,
approvals progress
NT – MPS, Studies update, approvals
progress
CH build complete, full year sales start
GRID INVESTMENT CAPITAL
FID, approvals, finance, start of SR build
SR build complete, full year sales start
We Are Here
March 2015
Notes
• Ave Aust Waste market growth rate 3 5.2%
• Aust Blue Chip produc:on growth rate 3 10.0%
• Sustainability : There is a global trend for more sustainable prac:ces driven by public and corporate social responsibility
• Landfill Avoidance : Increasing government landfill levies, regula:on, and disposal costs will con:nue to drive recycling and divert waste from landfill
• Regula:on and Policy : Government regula:on, policy, and environmental sustainability is driving the transi:on from landfill to recycling and resource recovery.
• Australia materially lags environmental best prac:ce alterna:ves observed in the EU and Nth America 3 IBIS World Waste Industry Report 2013, TOX es:mates
GRID INVESTMENT CAPITAL