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MLG - MLG Oz Limited

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MLG is the holding Company of the MLG Group, which provides a range of general services to mine sites. MLG's offering includes crusher feed, road maintenance, rehabilitation work, vehicle maintenance, machine and labour hire and mine site haulage. MLG's site service offering has expanded over time to incorporate further services that are considered non-core to the client but are nevertheless essential to the day-to-day activity of the mine.

MLG currently operates across 29 sites throughout Western Australia and the Northern Territory for a diversified client base of domestic and international mining companies, which are exposed to a range of commodities.

MLG is headquartered in Kalgoorlie, Western Australia and, as at 31 December 2020, MLG had 569 full-time employees, 35 labour hire employees and 52 subcontractors.

The Company's continued pursuit of new clients and expansion of its service offering has resulted in consistent historical growth with:
  • pro forma historical revenue growing from $132.7 million in FY18 to $205.1 million in FY20 (a CAGR of 24.3% over that period), and forecast to grow to $241.6 million in FY21;
  • pro forma historical EBITDA growing from $15.6 million in FY18 to $24.5 million in FY20 (a CAGR of 25.3% over that period), and forecast to grow to $41.0 million in FY21.
It is anticipated that MLG will list on the ASX during May 2021.

 

Dona Ferentes

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Listing date4 May 2021
Company contact detailshttps://www.mlgoz.com.au/
Ph: (08) 9022 7746
Principal ActivitiesMine site services and logistics provider
GICS industry groupTBA
Issue Price$1.00
Issue TypeOrdinary Fully Paid Shares
Security codeMLG
Capital to be Raised$70,700,000
Expected offer close date 22 April 2021
UnderwriterFully underwritten. Bell Potter Securities Limited and Morgans Corporate Limited (Joint Lead Managers and Underwriters)
 
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