Nnit A/s · OMXCOP:NNIT
Nnit A/s — Merger or Acquisition (October 2018)
11 slides from Nnit A/s's merger presentation, Oct 9, 2018
Slide 1: Acquisition of Valiance Partners
Acquisition of Valiance Partners October 9, 2018
Slide 2: Forward looking statements
Forward looking statements This presentation contains forward-looking statements. Words such as ‘believe’, ‘expect’, ‘may’, ‘will’, ‘plan’, ‘strategy’, ‘prospect’, ‘foresee’, ‘estimate’, ‘project’, ‘anticipate’, ‘can’, ‘intend’, ‘outlook’, ‘guidance’, ‘target’ and other words and terms of similar me
Slide 3: The NNIT Presenting Team
The NNIT Presenting Team CARSTEN KROGSGAARD KLAUS HOSBOND SKOVRUP THOMSEN Head of Investor Relations Chief Financial Officer 3 Classification Public Author TRUC Approved by CKTH Version 1.0
Slide 4: Acquisition of Valiance Partners
Acquisition of Valiance Partners • As previously communicated NNIT has been open to bolt on acquisitions in order to scale and accelerate the growth of our international Life Sciences business • Valiance Partners provides a perfect strategic and cultural match and has delivered migration services to
Slide 5: Transaction overview
Transaction overview • An upfront payment of USD 25.0m paid in cash. 76% of which is for Valiance Partners LLC (US) and 24% for Valiance Partners Europe, Ltd. (IRE) • An earn-out target of USD 10.7m (100% target realization) with an earn-out range of 0-136% of target depending on performance in EBIT
Slide 6: We are acquiring a leading provider of migration services to Software-as-a-service platforms
We are acquiring a leading provider of migration services to Software-as-a-service platforms Business overview Financials* +37% • Headquarter in Baskin Ridge, NJ with an mUSD office in Dublin, Ireland 15 +58% 13.4 50% 40% • Employs approximately 60+ staff and 10 +30% 9.8 contractors 30% 6.2 4.8 20%
Slide 7: How does the transaction create value?
How does the transaction create value? • Enabling the life sciences cloud by Customer examples offering services ranging from data migration and validation to integration, implementation and managed services • Agile implementation of Veeva Vault through fast and proven data migration and integration
Slide 8: Software as a service– an attractive growth market
Software as a service– an attractive growth market • The consultancy and implementation Growth in Life Sciences Consulting and Implementation markets (USDbn) services market in life sciences is expected +29% to grow by 10% and 5.6% annually +62% 5.2 5.4 4.7 4.9 4.8 4.2 4.3 4.5 4.1 • While the global
Slide 9: Tax synergies
Tax synergies • The transaction is structured as separate acquisitions of Valiance Partners, LLC (US) by NNIT Inc. and Valiance Partners Europe, Ltd. (IRE) by NNIT A/S • Profit in Valiance Partners will be subject to state- and federal tax in the United States of approximately 28%, while profit in V
Slide 10: Outlook
Outlook 2018 Previous guidance Revenue Constant currencies: 4-7% Constant currencies: 3-6% growth* Reported currencies: 0.3pp lower Reported currencies: 0.3pp lower *The expectations for growth in revenue is based on the restated IFRS 15 revenue of DKK 2,851m and includes additional revenue from Val
Slide 11: Investor contact information
Investor contact information Upcoming events Investor contact October 25, 2018: • 9M 2018 release November 22, 2018: • Økonomisk Ugebrev Seminar November 28, 2018: • SEB IT seminar December 4, 2018: KLAUS HOSBOND SKOVRUP Head of Investor Relations • Danske Bank Copenhagen Winter Seminar NNIT A/S Øst