City Chic Collective Limited · ASX:CCX
City Chic Collective — Investor Presentation (December 2020)
9 slides from City Chic Collective's investor presentation, Dec 21, 2020
Slide 1: Acquisition
Acquisition 21 December 2020
Slide 2: Summary
SUMMARY • Acquisition of leading UK plus-size brand Evans from the Arcadia group • Evans has a longstanding history of 90 years as a high street retailer • Asset purchase of Evans eCommerce and wholesale businesses which generated £26m (A$46m) of sales1 – Excludes “bricks and mortar” store portfolio
Slide 3: Acquisition Overview
ACQUISITION OVERVIEW • Acquisition includes Evans eCommerce and wholesale businesses for cash consideration of £23.1m (A$41.0m) Acquisition • Binding Asset Purchase Agreement signed on 19 December 2020 Overview • Acquisition will complete on 23 December 2020 and subject only to payment of cash consi
Slide 4: Accelerates Strategic Opportunity
ACCELERATES STRATEGIC OPPORTUNITY FASHION / YOUTH CONSERVATIVE VALUE INTIMATES Australia • Online Website and NZ • 96 Stores Market Share Expansion and Greater Share of Wallet Market Entry Opportunity Greater Share of Wallet • Online Websites North • Online Marketplaces America CLOUDWALKER • Wholesa
Slide 5: Evans Acquisition Highlights
EVANS ACQUISITION HIGHLIGHTS • Well recognised brand with strong position in underpenetrated UK plus-size market; significant and loyal customer following • Provides scale and profitability in new market and a platform to expand further in the region • Aligned to existing City Chic Collective produc
Slide 6: Evans Opportunity
EVANS OPPORTUNITY • Well recognised specialty retailer of plus-size apparel and footwear; established in 1930 in the United Kingdom 90 years £5bn+ • Targeting a broad customer base across the Established UK Women’s conservative and fashion segments in the curvy market History Apparel Market • Indepe
Slide 7: A Global Collective of Plus-Size Brands
A GLOBAL COLLECTIVE OF PLUS-SIZE BRANDS ACQ U IS I TI ON CLOUDWALKER Playwear & Segment Fashion Forward Youth Casual Conservative Conservative Intimates Lifestyle Age 18-35 18-25 18-39 35-55 25-55 Price Mid/High Mid/High Mid-market Mid-market Mid-market Point Online Stores Online Online Channel Onli
Slide 8: Financial Position and Funding
FINANCIAL POSITION AND FUNDING • Acquisition to be funded by existing cash balance • Binding asset purchase agreement for cash consideration of £23.1m • Estimated transaction and transition costs of £1m and working capital investment of £3m • Relatively low ongoing capital requirements • A$40m debt
Slide 9: Important Information
IMPORTANT INFORMATION This presentation has been prepared by City Chic Collective Limited (the “Company”). It contains general background information about the Company’s activities and does not purport to be complete. It should be read in conjunction with the Company’s other periodic and continuous
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