Capital Raising

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Marathon Consolidated

Building world-class Australian businesses, with global capabilities.

INDUSTRY

Financial

RAISING

A$5M

PRE-MONEY VALUATION

~A$9M

MINIMUM INVESTMENT

A$50,000

Investment Highlights

Company Overview

Transaction Overview

Team

News


Transaction Summary
Marathon Consolidated

9% p.a. > A$500,000 investment amount

7% p.a. < A$500,000 investment amount

Distributions paid monthly

Anticipated 58% uplift in share price to over A$380 per share

Investment Highlights


Up to 9% p.a. distribution, paid monthly

Poised to acquire an undervalued business below its liquidation value

Anticipated 58% investment return over the next 12-months

Strong financial performance with over $80M of revenues and over $5M of operating profits

Proven track record with a 14.8% p.a. 5-year compound annual growth

Company Overview


Core purpose is to harness the financial and strategic value of change

To identify, study, understand, value and create change for the companies in which we invest by providing long-term patient capital and partnering in a constructive manner to support the management teams and boards in creating long lasting shareholder value

Investments that we understand

Our investment strategy centres on our circle of competence and understanding before investing, ensuring informed decisions, and minimising risk

Innate ability to identify undervalued investments

Our distinct expertise allows us to spot undervalued investments, unlocking hidden potential for superior long-term returns

Defensive and diversified portfolio of value investments

Our portfolio is built on a defensive and diversified approach, emphasizing value investments for long-term stability, growth and maintaining profit margins in an inflationary environment


Building world-class Australian businesses with global capabilities. Marathon is a growing Australian public company. The focus of Marathon’s diverse operations is to maximise growth in capital returns to shareholders through the acquisition of controlling or strategic shareholdings in Australian businesses.

Marathon’s strategy permits investment in the majority of asset classes around the globe.

Our competitive advantage is our long-term orientation and the flexibility across asset classes provided by our uniquely broad investment mandate.

The Company’s portfolio may include a range of types of assets, including listed and unlisted equities; listed and unlisted fixed income securities; REITs; derivatives; commercial real estate and cash.

Marathon

Investment Opportunity

NAV

$236.86 per share as 31 December 2023

Inception

2014

Strategy

Building world-class Australian businesses with global capabilities. Marathon is a growing Australian public company. The focus of Marathon’s diverse operations is to maximise growth in capital returns to shareholders through the acquisition of controlling or strategic shareholdings in Australian businesses.

Distributions

Up to 9% p.a. distribution, paid montly

Management Fee

1.5% per annum of the Net Asset Value of the Company, paid monthly in arrears

Performance Fee

20% of the increase in the Net Asset Value above the High Watermark, paid annually

Minimum Investment

A$50,000

Portfolio – Investee Companies

MBL Food & Packaging

MBL Food & Packaging (formerly the Master Butchers cooperative) is a food and packaging company headquartered in Western Australia and established in 1949

Growth Pillars are; Food Service, Packaging, Blending & Manufacturing, Butchery and Bakery

Growth Targets are $100m in revenue and $5m net profit annually by June 2025

Growth Strategy is to increase earnings through organic and acquisitive growth by improving market share

Marathon’s investment return is 29.2% p.a. since 2015

Property Vine

Property Vine is a real estate services company specialising in Management Letting Rights (MLR’s), Property Management and Sales, headquartered in Queensland and established in 2018

Growth Strategy is to create an industry-leading accommodation and real estate services ecosystem

12 MLR’s under management with a focus on acquisitive growth throughout Queensland

Marathon’s investment return is 19.5% p.a. since 2018

National Tyres

National Tyres is a retail, commercial and fleet tyre service company headquartered in North Queensland and established in 2021

Growth Strategy is to purchase and consolidate individual tyre retailers to realise economies of scale in a fragmented market

Marathon has recruited an exceptional management team that is growing profitability

Marathon expects a long-term investment return of over 15% p.a.

Transaction Overview


Raising A$5M at a pre-money valuation of ~$9M for the acquisition of an undervalued business below its liquidation value.

  • Raising A$4.5M
  • Convertible at A$245 per share
  • Current share price is A$240 per share
  • A$380 per share forecast 12-month share price (58% uplift)
  • Minimum Investment A$50,000

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