Davide Campari-Milano N.V. · MIL:CPR
Davide Campari-Milano — Merger or Acquisition (September 2010)
10 slides from Davide Campari-Milano's merger presentation, Sep 16, 2010
Slide 1: Acquisition of Carolans, Frangelico and Irish Mist
Acquisition of Carolans, Frangelico and Irish Mist 16 September 2010 Carolans, Frangelico and Irish Mist acquisition- 1
Slide 2: Gruppo Campari acquires Carolans, Frangelico and Irish Mist
Gruppo Campari acquires Carolans, Frangelico and Irish Mist Net sales by brand * • High quality and profitable business with upside potential: Irish Mist • Carolans: world world’s s second best selling Irish cream liqueur 7% • Frangelico: leading specialty premium hazelnut liqueur Frangelico • Irish
Slide 3: Carolans: strong number 2 Irish cream liqueur brand
• Strong number 2 Irish cream liqueur brand in the world selling more than 600,000 cases (9 liter cases) • Growing mid single digit over the last ten years • International brand sold in more than 60 countries • The biggest gg market is USA,, ca. 60% % of its total sales,, growing g g mid single g di
Slide 4: Frangelico: premium Italian hazelnut liqueur
• Frangelico is a premium Italian hazelnut liqueur • Highly profitable specialty brand • International brand sold in more than 90 countries •The biggest market is USA (ca. 50% of its total sales), followed by Spain and Australia • High quality: gold medals in 2009 at the International Wine & Spirit
Slide 5: Irish Mist: Irish whiskey, honey and spice liqueur
• Irish Mist is a liqueur made from a blend of Irish whiskey, honey and natural aromatic spices • International brand sold in more than 40 countries • Exploit the strong momentum of the Irish whiskey category •The biggest market is USA, USA followed by Ireland and Canada • High quality: Double Gold
Slide 6: Acquisition overview
Acquisition overview Acquired business • Carolans, Frangelico and Irish Mist trademarks • Inventory including finished goods • Very limited headcounts Price & Financials • The enterprise value of the acquired business is € 128.2 million (purchase price of € 129.0 million, cash position of € 0.8 mill
Slide 7: Impact on net debt
Impact on net debt > Pro-forma Net debt / EBITDA* ratio at 2.5x well below covenants > Business acquired: strong cash generator (*) Group 12 months rolling EBITDA including acquisition full year effect. Carolans, Frangelico and Irish Mist acquisition- 7
Slide 8: Conclusion
Conclusion Carolans, Frangelico and Irish Mist acquisition- 8
Slide 9: Conclusion
Conclusion • With Carolans, Frangelico and Irish Mist the Group strengthens its position as a fast growing company in the US and other key international premium spirits markets • Enters new, attractive and growing spirits categories • Financially-attractive and low-risk transaction • Perfect fit wit
Slide 10: For additional information
For additional information: Investor Relations - Gruppo Campari Phone: +39 02 6225 330; Fax: +39 02 6225 479 Website:http://www.camparigroup.com/en/investors/home.jsp E-mail: investor.relations@campari.com WWW.CAMPARIGROUP.COM Carolans, Frangelico and Irish Mist acquisition- 10
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