Marr Spa · MIL:MARR
Marr Spa — Merger or Acquisition (February 2013)
12 slides from Marr Spa's merger presentation, Feb 21, 2013
Slide 1: MARR Group Conference call
MARR Group Conference call – February 21, 2013
Slide 2: Important information
Important information This presentation is being shown to you solely for your information and may not be reproduced, distributed to any other person or published, in whole or in part, for any purpose. The information in this presentation could include forward-looking statements which are based on cu
Slide 3: Table of contents
Table of contents • MARR Group 2012 FY: preliminary data Draft of 2012 MARR S.p.A. financial statements to be approved by BoD on 14 March, 2013 • Scapa Transaction 3
Slide 4: MARR Group 2012 FY preliminary data
MARR Group 2012 FY preliminary data • Reference market • 2012 FY preliminary data 4
Slide 5: Reference market
Reference market • In 2012 Total spending (ICC, Confcommercio Consumption Indicator) of Italian families showed a decrease: the item “Hotels and out of home food consumption” decreased by -3% with -2% in November-December period Hotels and out of home food consumption • In terms of quantity “Hotels
Slide 6: 2012 FY Preliminary data
2012 FY Preliminary data • As of today, the context in our reference market remains most uncertain. It is not possible to establish if the last months of 2012 witnessed the lowest level of the cycle. Nevertheless MARR’s results confirm the effectiveness of its business model • 2012 FY preliminary da
Slide 7: Scapa Transaction
Scapa Transaction • Scapa in a snapshot • Rationale of the transaction • Main elements of the contract • Integration in MARR and economic impact 7
Slide 8: Scapa
Scapa Sales breakdown Theme on 2011 FY data Restaurant parks Seafood Others 3% 8% Holding Sarl Ho.Re.Ca 91.55% and Canteens Meat Branding Grocery 20% 8.45% 71% 14% 65% Pubblic Bodies Fruit & 12% Vegetables 7% Marzano (Pavia) distribution centre (ca 30 km south from Milan) Total surface: 22,000 sq m
Slide 9: Rationale
Rationale Rationale of the transaction: • to close the only potential “stargate” for foreign operators • to re-allocate logistics of MARR distribution centers in terms of specialization by client segments: Street Market and Canteens • to allow to offer services in terms of distribution and logistics
Slide 10: Contract
Contract The transaction falls under the procedure a concordato preventivo in continuità (agreement among creditors enabling the continuity of the business according to art 161 of Bankruptcy Law modified by Law Decree 83/2012), initiated by Scapa due to the business deterioration (EBITDA negative) a
Slide 11: Integration
Integration The integration of Scapa will deliver benefits and create synergies in terms of: • Logistics • Sales and Marketing • Procurement Once the integration will be completed additional sales will be about 100€m per year Economic impact: – in 2013: about 80€m of sales and neutral impact on EBIT
Slide 12: Contacts
Contacts Investor Relations Department Antonio Tiso atiso@marr.it tel. +39 0541 746803 mob. +39 331 6873686 MARR S.p.A. Via Spagna, 20 - 47921 Rimini (Italy) website www.marr.it 12