Jamieson Wellness, Inc. · TSX:JWEL
Jamieson Wellness — Merger or Acquisition (June 2022)
21 slides from Jamieson Wellness's merger presentation, June 2022
Slide 1: Jamieson Wellness to Acquire Nutrawise Health and Beauty Corporation
Jamieson Wellness to Acquire Nutrawise Health and Beauty Corporation Owner of youtheory Brand JUNE 2022 1
Slide 2: Disclaimer
Disclaimer This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities nor shall it or any part of it form the basis of or be relied on in connection with, or act as any inducement to enter into, any contract or commitm
Slide 3: Forward-Looking Information
Forward-Looking Information Certain statements included in this presentation constitute forward-looking information within the meaning of applicable securities laws, including, but not limited to, those identified by the expressions “expect”, “anticipate”, “intend”, “may”, “will”, “estimate” and var
Slide 4: youtheory at a Glance
youtheory at a Glance • Founded in 2010 by Darren Rude and Patty Rude with the idea of creating the highest-quality supplements to help people improve their health, beauty US$ 114 M and happiness Revenue2 • Headquartered in California, youtheory has grown to become a leading premium supplement lifes
Slide 5: Fits Our Stated Acquisition Criteria
Fits Our Stated Acquisition Criteria >$100M Target Revenues Required IRR of 20% Expands Geographic Footprint in Mature VMS Markets (USA, Western Europe, etc.) Quality Brand(s) with Mass Consumer Appeal and Broad Category Penetration Significant Synergies Available in Jamieson’s Industry (Supply Chai
Slide 6: Transaction Summary
Transaction Summary • Purchase Price of US$210 million on a cash-free debt-free basis, subject to customary post-closing net working Purchase Price capital adjustments • Contingent consideration of between US$0 and US$190 million based on the achievement of Adjusted EBITDA Earn-outs growth of betwee
Slide 7: Investment Highlights
Investment Highlights 7
Slide 8: Strategic Rationale
Strategic Rationale Accretive Transaction with 20%+ Expected IRR Highly Attractive Expansion Opportunity into Large and Fast Growing U.S. VMS Market Strong Brand Complementary to Jamieson’s Culture and Product Portfolio Adds U.S. Manufacturing Capabilities While Maintaining a Diverse Channel Mix Str
Slide 9: Highly Accretive Transaction
Highly Accretive Transaction 2022 Pro Forma Revenue of US$123-126M and Adjusted EBITDA of US$22-23M1 Potential to meaningfully increase accretion under / through: Various earn-out scenarios Synergies 1. Based on a pro forma full-year consolidated and no synergies 9
Slide 10: Investing Further in the "On-Trend" VMS Industry & Attractive U.S. Market
Investing Further in the “On-Trend” VMS Industry & Attractive U.S. Market Positive macroeconomic tailwinds and shifts in consumer preferences are driving strong growth in the supplement category Continued Strong Fundamentals1 U.S. VMS Market Size (US$B)1 Favourable demographic tailwind $57.8 $59.5
Slide 11: Deep Product Portfolio
Deep Product Portfolio Products uniquely formulated to address key consumer health needs General Wellness Beauty and Collagen Emotional Wellness Products designed Improve how you for whole-body Maintain health look and feel at any health offering and balance with age with collagen solutions for a se
Slide 12: youtheory's Cultural Focus on Wellness & Alignment with Jamieson
youtheory’s Cultural Focus on Wellness & Alignment with Jamieson Commitment to quality – using the purest, on-trend Embraces a healthy lifestyle Dedicated to ingredients sourced from the and vibrant, fun culture by putting people and purpose highest-quality farms around offering uniquely formulated
Slide 13: State-of-the-Art Manufacturing Capabilities Providing Significant Capacity to Support Growth
State-of-the-Art Manufacturing Capabilities Providing Significant Capacity to Support Growth High-quality standards consistent with Jamieson’s commitment to quality • State-of-the-art 150,000 sq.ft manufacturing facility • High-touch quality control with multiple QA / QC checkpoints • Adds two-piece
Slide 14: Diverse Channel Potential
Diverse Channel Potential Club, FDM, E-commerce, and Specialty Mutual Benefits Club Leverages Jamieson’s diversified Canadian channel presence to grow Youtheory’s presence in FDM and E- commerce Food Drug Mass E-Commerce, Specialty and Other Ability to leverage Jamieson’s broad portfolio as an innov
Slide 15: Strong Marketing Expertise
Strong Marketing Expertise Experiential Marketing Mass Media Social Media & Digital Engagement ✓ Advertising 30.3K 36.8K ✓ Public Relations Followers Followers ✓ Out-of-Home Influencers Tati Weston-Webb Griffin Colapinto 626K Followers 259K Followers Direct engagement through real-world Wide variety
Slide 16: Tangible Growth Opportunities Supported by Jamieson
Tangible Growth Opportunities Supported by Jamieson youtheory’s identified growth opportunities are expected to accelerate by leveraging Jamieson’s platform Product Innovation Distribution Expansion International Expansion1 Robust near- and long-term innovation pipeline Opportunity to expand distrib
Slide 17: Transaction Details
Transaction Details 17
Slide 18: Financial Performance
Financial Performance Growth and momentum REVENUE1 ADJUSTED EBITDA1 CAD $millions CAD $millions $629 - $650 $136 - $141 $594 $127 $155 - $159 $28 - $29 $143 $26 $474 - $491 $108 - $112 $451 $100 2021A PF 2022E PF 2021A PF 2022E PF JAMIESON STANDALONE YOUTHEORY 1. Based on a full-year consolidated, n
Slide 19: Financial Performance
Financial Performance Capitalization and expected revisions to 2022 guidance 2022 RANGE METRIC 2021 1 NEW PF INCREASE PREVIOUS Total Revenue (millions) $451 $474 - $491 $629 - $650 39% - 44% Adj. EBITDA (millions) $100 $108 - $112 $136 - $141 36% - 41% Diluted Shares Outstanding (millions) 41.7 ~42
Slide 20: Strategic Rationale
Strategic Rationale Accretive Transaction with 20%+ Expected IRR Highly Attractive Expansion Opportunity into Large and Fast Growing U.S. VMS Market Strong Brand Complementary to Jamieson’s Culture and Product Portfolio Adds U.S. Manufacturing Capabilities While Maintaining a Diverse Channel Mix Str
Slide 21: Investor Relations Contact
Investor Relations Contact: Ruth Winker (rwinker@jamiesonlabs.com) ca.linkedin.com/company/jamiesonwellness twitter.com/JWEL_Canada 21
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