Retail Food Group Limited · ASX:RFG
Retail Food — Merger or Acquisition (November 2024)
6 slides from Retail Food's merger presentation, Nov 4, 2024
Slide 1: Acquisition of CIBO Espresso
Acquisition of CIBO Espresso| NOVEMBER 2024 Acquisition of CIBO Espresso • CIBO Espresso is a boutique coffee franchise founded in Adelaide over 23 years ago • We are acquiring CIBO Espresso from Retail Zoo to accelerate our growth in South Australia and gain immediate access to 22 retail locations
Slide 2: Acquisition Hypothesis
Acquisition of CIBO Espresso| NOVEMBER 2024 Acquisition Hypothesis 22 Store Locations Coffee Experienced Core brand focus Shared systems In South Australia Synergy Franchisees and resources RFG is focused on coffee as a core We will work with CIBO Vertical integration CIBO Espresso has a Network sal
Slide 3: Strength in South Australia
Acquisition of CIBO Espresso| NOVEMBER 2024 Strength in South Australia • Immediate scale in South Australian market allows us to efficiently support the combined outlets • We gain access to 22 South Australian real estate sites (all leased) including in landmark sites • Acquisition consideration of
Slide 4: Acquisition of CIBO Espresso
Acquisition of CIBO Espresso| NOVEMBER 2024 Acquisition of CIBO Espresso • RFG has signed an agreement to purchase the shares of CIBO Espresso including the share capital of CIBO Holdings Pty Ltd, which also Transaction Details owns the Intellectual Property (‘Acquisition’) • CIBO Espresso is a bout
Slide 5: Acquisition of CIBO Espresso
Acquisition of CIBO Espresso| NOVEMBER 2024 Acquisition of CIBO Espresso Acquisition • Total consideration of $2.7 million on a cash free, debt free basis plus working capital consideration Acquisition • The upfront cash component and transaction costs is to be funded by existing cash on hand Fundin
Slide 6: Acquisition of CIBO Espresso
Acquisition of CIBO Espresso| NOVEMBER 2024
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