Mty Food Group Inc. · TSX:MTY
Mty Food — Merger or Acquisition (April 2019)
9 slides from Mty Food's merger presentation, Apr 10, 2019
Slide 1: MTY Food Group and Papa Murphy's Announce Definitive Merger Agreement
MTY FOOD GROUP AND PAPA MURPHY’S ANNOUNCE DEFINITIVE MERGER AGREEMENT POP Rie lal yc 2 01:9
Slide 2: Legal Disclaimer
Legal Disclaimer This presentation may contain written and oral statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can generally be identified by the use of forward-looking terminolo
Slide 3: An Exciting New Growth Platform
An Exciting New Growth Platform • MTY Food Group Inc. (“MTY”) and Papa Murphy’s Holdings, Inc. (“Papa Murphy’s”) today TRANSACTION announced they have entered into a definitive merger agreement SUMMARY • MTY to acquire all of the issued and outstanding shares of Papa Murphy’s for US$6.45 per share,
Slide 4: Rationale for the Transaction
Rationale for the Transaction • Strengthens MTY’s leading portfolio of brands through the acquisition of the 5th largest pizza chain in the U.S. • Leading Take ‘n’ Bake pizza concept serving award-winning, superior quality products made with fresh ingredients • Complements MTY’s U.S. operations and
Slide 5: Fresh, Hand-Crafted, Ready-to-Bake Pizzas
Fresh, Hand-Crafted, Ready-to-Bake Pizzas Pioneer Concept and Leader in a Differentiated Market Position Growing Pizza Category • Leading Take ‘n’ Bake pizza concept serving award-winning, superior quality products made with fresh ingredients • 5th largest pizza chain in the U.S. • Awarded best pizz
Slide 6: Overview of the U.S. Pizza Market
Overview of the U.S. Pizza Market Pizza is the 2nd largest category in US$280B+ U.S. Limited Service Restaurant Sales • Favorable consumer trends: Other • Dining in more 15% • Increasingly cooking meals at home 8% 30% • Heavily focused on quality and fresh ingredients 10% • U.S. pizza market estimat
Slide 7: Bolstering MTY's U.S. Platform
Bolstering MTY’s U.S. Platform 9% Pro Forma Transaction Contribution to 8% MTY’s U.S. Network • + 1,400 new U.S. locations to Locations 45% 5,941 36% 7,378 MTY’s 2,733 existing U.S. 46% 56% network LTM U.S. • + $1.1B of incremental SWS $1.2B $2.3B to MTY’s existing $1.2B U.S. System-Wide LTM SWS Sal
Slide 8: Solid Combined Financials
Solid Combined Financials • Following completion of the transaction, MTY is expected to continue to generate significant cash flow, allowing for deleveraging and providing liquidity to pursue future M&A opportunities • MTY also anticipates working with Papa Murphy’s to make capital investments focus
Slide 9: Groupe MTY Group
GROUPE MTY GROUP MTYGROUP.COM