Algeco announces second quarter 2018 financial results conference call and change to reporting in euro

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Algeco announces second quarter 2018 financial results conference call and change to reporting in euro

August 15th 2018

Baltimore (August 15, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it will hold its second quarter 2018 financial results conference call on Wednesday, August 29, 2018 at 10:00 a.m., Eastern Time.

To access the call, please dial (847) 585-4422 or (888) 424-8151 (US toll free) and enter participant PIN code 6638830# approximately ten minutes prior to the start of the call. You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UTiLPVrenccJZd. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad.

Prior to the call, the slide presentation and second quarter 2018 financial information will be available at www.modulairegroup.com/investors/financial-reports. Following the call, a recording of the call will also be available.

Additionally, as of the second quarter 2018, we have changed our reporting currency from USD to euros, and to aid investors, we have now posted a version of the first quarter 2018 investor presentation in euros to the investor page of our website.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco announces management change

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Algeco announces management change

June 4th 2018

Baltimore (June 4, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that James O’Malley, its former European General Counsel, has been appointed Group General Counsel following the concurrent resignation of Azuwuike Ndukwu, who had served as the Group’s General Counsel since 2011.

Diarmuid Cummins, CEO of Algeco, commented, “I would like to thank Azuwuike for his dedicated service and significant contributions to our group. As we embark on our next phase of development with a more Europe-centric business, I am happy to welcome James as our new Group General Counsel. James brings a wealth of experience, most importantly as General Counsel of Algeco Europe for the last 5 years.”

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco releases first quarter 2018 financial report

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Algeco releases first quarter 2018 financial report

May 30th 2018

Baltimore (May 30, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it has posted its first quarter 2018 financial report at www.modulairegroup.com/investors/financial-reports. The slide presentation to accompany the previously announced first quarter 2018 financial results conference call (scheduled for Tuesday, June 5, 2018 at 10:00 a.m., Eastern Time) will be posted at www.modulairegroup.com/investors/financial-reports on Monday, June 4, 2018 at approximately 5:00 p.m., Eastern Time.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco announces first quarter 2018 financial results conference call

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Algeco announces first quarter 2018 financial results conference call

May 22nd 2018

Baltimore (May 22, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it will hold its first quarter 2018 financial results conference call on Tuesday, June 5, 2018 at 10:00 a.m., Eastern Time.

To access the call, please dial (847) 585-4422 or (888) 424-8151 (US toll free) and enter participant PIN code 9192211# approximately ten minutes prior to the start of the call. You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UTzMrdwdRriEIu. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad.

On Wednesday, May 30, 2018 at approximately 5:00 p.m., Eastern Time, the first quarter 2018 financial report will be available at www.modulairegroup.com/investors/financial-reports. On Monday, June 4, 2018 at approximately 5:00 p.m., Eastern Time, the accompanying slide presentation will be available at www.modulairegroup.com/investors/financial-reports. Following the call, a recording of the call will also be available.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman releases fourth quarter 2017 financial report

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Algeco Scotsman releases fourth quarter 2017 financial report

April 18th 2018

Baltimore (April 18, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it has posted its fourth quarter 2017 financial report and the slide presentation to accompany the previously announced fourth quarter 2017 financial results conference call (scheduled for Thursday, April 19, 2018 at 10:00 a.m., Eastern Time) at www.modulairegroup.com/investors/financial-reports.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman announces fourth quarter 2017 financial results conference call

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Algeco Scotsman announces fourth quarter 2017 financial results conference call

April 6th 2018

Baltimore (April 6, 2018) – Algeco Investments B.V. (together with its subsidiaries, “Algeco Scotsman”), the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, today announced that it will hold its fourth quarter 2017 financial results conference call on Thursday, April 19, 2018 at 10:00 a.m., Eastern Time.

To access the call, please dial (847) 585-4422 or (888) 424-8151 (US toll free) and enter participant PIN code 7415823# approximately ten minutes prior to the start of the call. You will be placed on hold until the event begins. The conference call will also be broadcast over the internet with an accompanying slide presentation. To join the web conference, go to http://web.meetme.net/r.aspx?p=2&a=UYARaneVyNMSWv. Please enter your name, email address and company to join the call. The customer service team can be reached at any time by pressing *0 on your telephone keypad.

Prior to the call, the slide presentation and fourth quarter 2017 financial information will be available at www.modulairegroup.com/investors/financial-reports. Following the call, a recording of the call will also be available.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman announces closing of notes offering and refinancing

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Algeco Scotsman announces closing of notes offering and refinancing

February 15th 2018

Baltimore (February 15, 2018) – Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that two of its subsidiaries, Algeco Scotsman Global Finance plc and Algeco Scotsman Global Finance 2 plc, have closed their previously announced notes offerings.

Algeco Scotsman Global Finance plc issued the following tranches of senior secured notes due 2023 (the “Senior Secured Notes”):

€600,000,000 6 1/2% Senior Secured Fixed Rate Notes; $520,000,000 8% Senior Secured Fixed Rate Notes; and €150,000,000 Senior Secured Floating Rate Notes.

Algeco Scotsman Global Finance 2 plc issued $305,000,000 10% Senior Notes due 2023 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”).

Additionally, Algeco Scotsman has obtained three-year cross currency swaps for the dollar-denominated Notes into euro, which will swap into euro the coupon and principal amount of 100% of the Senior Notes and $230 million of the dollar-denominated 81/2% Senior Secured Notes and the coupon of $290 million of dollar-denominated 81/2% Senior Secured Notes. Giving effect to the swaps, the weighted average interest rates for the Senior Secured Notes and Senior Notes are respectively 6.98% and 7.74% per annum.

The Notes offering formed part of a comprehensive refinancing of Algeco Scotsman’s capital structure, which closed simultaneously. The refinancing additionally included the issuance of a privately-placed preferred stock facility for net proceeds of €327 million and a new $400 million syndicated senior secured asset-based credit facility. The proceeds were used to redeem the Algeco Group’s existing Senior Secured Notes due 2018 and existing Senior Unsecured Notes due 2019, to refinance the existing asset-based credit facility and to pay for certain costs, fees and expenses.

The Notes were offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman announces pricing of notes offering

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Algeco Scotsman announces pricing of notes offering

February 6th 2018

Baltimore (February 6, 2018) – Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that it has successfully priced a notes offering by two of its affiliates.

Algeco Scotsman Global Finance plc priced its offering of senior secured notes (the “Senior Secured Notes”) which consist of the following tranches:

€600,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 6.50% per annum and a yield to maturity of 7.00%; $520,000,000 Senior Secured Fixed Rate Notes due 2023, to be issued with a coupon of 8.00% per annum and a yield to maturity of 8.50%; and €150,000,000 Senior Secured Floating Rate Notes due 2023, to be issued with a coupon of EURIBOR plus 625 bps per annum.

Algeco Scotsman Global Finance 2 plc priced its offering of $305,000,000 aggregate principal amount Senior Notes due 2023 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”). The Senior Notes priced with a coupon of 10.00% per annum and a yield to maturity of 11.50%.

The proceeds of the Notes, together with proceeds from an equity contribution, borrowings under a new asset-based loan facility and cash on hand, will be used, among other things, to repay existing indebtedness, including all indebtedness outstanding under Algeco Scotsman’s existing asset-based loan facilities agreement, existing senior secured notes and existing senior unsecured notes.

The closing of the sale of the Notes is scheduled to be completed on February 15, 2018, and is subject to customary conditions.

The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman announces launch of €1,415,000,000 (equivalent) notes offering

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Algeco Scotsman announces launch of €1,415,000,000 (equivalent) notes offering

January 25th 2018

Baltimore (January 25, 2018) – Algeco Scotsman Global S.à r.l. (“A/S Global” and, together with its subsidiaries, “Algeco Scotsman”), today announced that two of its affiliates are launching notes offerings.

Algeco Scotsman Global Finance plc is offering €1,120,000,000 (equivalent) in aggregate principal amount of senior secured notes due 2023 (the “Senior Secured Notes”), which may consist of euro-denominated senior secured fixed rate notes and senior secured floating rate notes and U.S. dollar-denominated senior secured fixed rate notes. In addition, Algeco Scotsman Global Finance 2 plc is offering €295,000,000 (equivalent) in aggregate principal amount of senior notes due 2023, which may be denominated in euro and/or U.S. dollar (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”).

The proceeds of the Notes, together with proceeds from an equity contribution, borrowings under a new asset-based loan facility and cash on hand, will be used, among other things, to repay existing indebtedness, including all indebtedness outstanding under Algeco Scotsman’s existing asset-based loan facilities agreement, existing senior secured notes and existing senior unsecured notes.

The Notes are being offered in a private placement transaction to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

Algeco Scotsman announces availability of certain information

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Algeco Scotsman announces availability of certain information

January 25th 2018

Baltimore (January 25, 2018) – Algeco/Scotsman Holding S.à r.l. (together with its subsidiaries, “Algeco Scotsman”) today announced that it has made available certain information relating to Algeco Scotsman on its website, which contains an update on the financial performance of the Group and certain other information and can be accessed at www.modulairegroup.com/investors/financial-reports.

Cautionary Notice Regarding Forward Looking Statements

This press release contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward-looking statements,” particularly those statements concerning expectations regarding the use of proceeds from the offering. A number of risks and uncertainties could cause our actual results to differ materially from current projections, forecasts, estimates and expectations relating to us. Any or all of these forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, many of which are beyond our control.

Disclaimer

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Important Regulatory Notice

This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.

About Modulaire Group

Modulaire Group is the world’s leading business services company specialising in modular space. We create smart spaces for people to live, work and learn. Our business is designed to help customers find the right space solution, no matter what their requirements. Modulaire Group has operations in 24 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. The company operates as Algeco in Europe, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Malthus Uniteam and Wexus in Norway, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.

For further information

Investor relations: Phil Vellacott
investorrelations@modulairegroup.com
07841 563541

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