Intelligent Monitoring Group (IMB) investor relations material

Deal rationale and strategic fit

• Acquisition of a leading UK residential security provider adds over 160,000 direct customers, provides immediate scale and entry into a growing market, and increases monthly recurring revenue by 205%.

• The deal doubles the group’s scale, creates a second major geography, and positions the company as an international security services provider.

• Aligns with strategy to build a diversified security and life-safety platform with resilient recurring revenues, leveraging strong brand equity and advanced monitoring services.

• Builds on prior experience integrating ADT businesses in Australia and New Zealand.

• The acquired business operates in a sector with a 6-8% CAGR and low market penetration, offering significant growth potential.

Financial terms and conditions

• Purchase price is GBP £180m (A$346m), funded by a new A$448m debt facility and £25m in equity issued to the seller; total consideration includes £155m cash and £25m in shares, subject to adjustments.

• Consideration shares capped at 19% and subject to shareholder approval; any excess paid in cash.

• Funded by a new 4-year $448m Unitranche facility from Ares Capital and cash on hand.

• No external equity raising required beyond consideration shares.

• Break fee of US $12 million payable if IMG fails to obtain shareholder approval or pay purchase price.

Synergies and expected cost savings

• No integration synergies assumed; ADT UK will continue to operate as a stand-alone business.

• Acquisition expected to increase pro forma annualised EBITDA by ~300% to A$130m and forecast earnings accretive by 40%, with pro forma EPS uplift to 9.0 cents per share.

• Upside potential exists through the introduction of advanced video monitoring services to the UK customer base.