Karnov Group Ab · OMXSTO:KAR
Karnov Group Ab — Merger or Acquisition (December 2020)
11 slides from Karnov Group Ab's merger presentation, Dec 14, 2020
Slide 1: Acquisition of DIBkunnskap AS
Acquisition of DIBkunnskap AS Flemming Breinholt, CEO Dora Brink Clausen, CFO 14 December 2020 COMPANY PRESENTATION 1
Slide 2: Agenda
Agenda • Karnov Group’s growth strategy • DIBkunnskap AS • How DIB will grow the coming years • Strengthens Karnov Group’s presence in Norway • Financial impacts due to the acquisition • Questions COMPANY PRESENTATION 2
Slide 3: Karnov Group's growth strategy
Karnov Group’s growth strategy Key strategic growth initiatives Key strategic growth initiatives 4 Further geographic expansion 3 Expand into adjacent verticals 2 Move up the data value chain 1 Further strengthen core proposition Key strategic Digitalisation People & culture Brand strategy Go-to-mar
Slide 4: Karnov Group's growth strategy: DIB fits well into overall strategy
Karnov Group’s growth strategy DIB fits well into overall strategy Jurisdiction Specifity High Knowledge/ Information Legal information services (JUNO, Pro, UfR) Collaboration Process/Service E.g. workflow Jurisdiction solutions and Specifity Low other supporting services COMPANY PRESENTATION 4
Slide 5: DIBkunnskap AS
DIBkunnskap AS Key comments Founded in 1995, approximately 30 employees, seated in Lysaker outside Oslo Norwegian market leader in knowledge workflow solutions for accounting and audit firms as well as large enterprises Recurring revenue in 2019 in the level of NOK 50m with an adjusted EBITDA of cNO
Slide 6: How DIB will grow the coming years
How DIB will grow the coming years DIB will continue its journey with Karnov Group Key comments Current market share approx. 25%, in a market with an expected CAGR of 10% the coming period DIB will continue its growth journey in Norway and benefit from our expertise and market knowledge when expandi
Slide 7: Strengthens Karnov Group's presence in Norway
Strengthens Karnov Group’s presence in Norway POTENTIAL Key comments CUSTOMERS In line with our ambition to do value accretive Law firms acquisitions Acquisition of DIB opens up a new vertical on the Norwegian market for Karnov Group with Corporates adjacencies to our core services Total addressable
Slide 8: Financial impacts due to the acquisition
Financial impacts due to the acquisition Key comments Purchase price NOK 300m and further maximum NOK 36m earn-out based on financial performance NOK 290m in cash consideration and NOK 10m in Karnov Group shares Earn-out in Karnov Group shares Will still be below leverage target of 3x EBITDA LTM aft
Slide 9: Q&A Better decisions, faster
Q&A Better decisions, faster Find what you need, trust what you find and do it quickly. For more information visit www.karnovgroup.com/en/section/investors/ COMPANY PRESENTATION 9
Slide 10: Appendix
Appendix COMPANY PRESENTATION 10
Slide 11: Important information
Important information The following applies to this document, the oral presentation of the information in this document by Karnov or any person on behalf of Karnov, and any question-and-answer session that follows the oral presentation. This presentation may contain forward-looking statements that r