Slide 1: Cimpress N.V. to Acquire Exagroup SAS
This document is Cimpress’ commentary regarding our intent to acquire Exagroup SAS, which was announced on March 2, 2015. This document contains slides and accompanying comments in the “notes” section below each slide. 1 Cimpress N.V. to Acquire Exagroup SAS March 2, 2015
Slide 2: Safe harbor statement
Please read the above safe harbor statement. 2 Cimpress N.V. to Acquire Exagroup SAS March 2, 2015
Slide 3: Definitive agreement to acquire Exagroup SAS
Today, we announced a definitive agreement to acquire Exagroup SAS, a leading web‐to‐print company based in France. We expect to acquire 70% of the shares of Exagroup for a purchase price of approximately €91.5 million with an option to acquire the remaining 30% of the shares in 2019 for a price bet
Slide 4: Acquisition supports focus on mass customization and scale advantage
The acquisition will support our focus on mass customization, where scale‐based competitive advantage matters to our ability to grow and support customers in the very large and fragmented markets we serve. Exagroup should help us strengthen in each of the three areas that we believe are key to our l
Slide 5: Acquisition fits strategy of a common mass customization platform
The acquisition fits well with our strategy to build and to leverage a common mass customization platform across multiple brands, each brand with a distinct value proposition and customer focus. We plan to continue to invest in Exagroup’s reseller‐focused value proposition and to use the power of ou
Slide 6: Micro business market segmentation and Exagroup's value proposition
We have shared this illustrative micro business market segmentation diagram with investors many times in the past. Exagroup’s customer value proposition is distinct from the Vistaprint brand proposition. Note that “locally focused” refers to that segment of the micro‐business market where customers
Slide 7: Exagroup: professionals-only online print platform
Exagroup, founded in 1999, is an exclusive “professionals only” online print platform that serves resellers in the printing, graphic arts and copy shop markets. With approximately 160 employees, Exagroup is based in Mauguio, a town close to Montpellier, France. The company offers a very large select
Slide 8: Closing conditions, consideration and financial impact
Subject to satisfaction of various closing conditions, including antitrust clearance, Cimpress expects the transaction to close during its fourth fiscal quarter of 2015. Consideration for the transaction will be in cash, using Cimpress’ existing debt facility. Cimpress expects this transaction to be
Slide 9: Presentation End
Presentation End 9 Cimpress N.V. to Acquire Exagroup SAS March 2, 2015