Vince Holding Corp. · NASDAQ:VNCE
Vince — Q4 2022 Earnings Presentation
9 slides from Vince's earnings presentation, Apr 24, 2023
Slide 1: Vince Holding Corp. to Enter into a Transformative Strategic Partnership with Authentic Brands Group
VI NCE HOLDI NG CORP. TO ENTER I NTO A TRANSFORMATI VE STRATEGI C PARTNERSHI P WI TH AUTHENTI C BRANDS GROUP I NVESTOR PRESENTATI ON APRI L 2023
Slide 2: Disclaimer
Disclaimer This Management Presentation (this “Presentation”) is the property of Vince Holding Corp. and its subsidiaries (collectively,“Vince” or the “Company”). By accepting this Presentation, the recipient acknowledges that it has read, understood and accepted the terms of this disclaimer. This P
Slide 3: Transformative Strategic Partnership to Position Vince for Long-Term Success
4 Transformative Strategic Partnership to Position Vince for Long-Term Success • Vince Holding Corp. (“VNCE”) and Authentic Brands Group (“Authentic”) to enter into a licensing arrangement whereby VNCE contributes its intellectual property to a newly formed “ABG Vince” entity for a total considerati
Slide 4: Transaction Overview
Transaction Overview • VNCE will contribute 100% of its intellectual property to a newly formed “ABG Vince” partnership • VNCE will receive a total consideration of: Purchase Price & – $76.5 million in cash from Authentic Structure – 25% membership interest in ABG Vince • VNCE will remain a publicly
Slide 5: Authentic Brands Group at a glance
551M + * S O CI AL M E DI A F OLLOWE RS 10B+ AN N U AL S O CIAL M E DI A I MPR ES SIO NS 1B+ AN N U AL WE B V I SI TO RS 198B+ AN N U AL PR I M PR E SSI ONS Authentic Brands Group (Authentic) is a global brand development, marketing and entertainment platform, which owns a portfolio of more than 40
Slide 6: Authentic Brands Group brand portfolio
L IFESTYL E LUXE FASHION CLASSIC ACTIVE & OUTDOOR BOARD SPORTS HOME * * * * * * * E N T E R TA I N M E N T ICONS LIV ING LEGENDS MEDIA STUDIOS FINE ART EVENTS & EXPERIENCES FOOD & BEVERAGE TERRY O’NEILL ED CARAEFF TED SEA R C H WILLIAMS EVA SERENY GERED MANKOWITZ
Slide 7: Illustrative Transaction Structure
Illustrative Transaction Structure Vince Brand Intellectual Property (+ Royalty Payments) Vince Holding Corp. (NYSE: VNCE) 25% Ownership Quarterly Cash Distribution (a) ABG Vince $76.5M Cash 75% Ownership Authentic Brands Group a) Quarterly cash distribution equal to 25% of ABG Vince’s net c ash.
Slide 8: Transaction Creates Opportunity to Drive Value for Stakeholders
Transaction Creates Opportunity to Drive Value for Stakeholders Healthier balance sheet enables near-term opportunities across organization to enhance focus on: ➢ Driving margin expansion through disciplinedcost management and reduced promotionalactivity ➢ Executing strategic growthinitiatives o Lev
Slide 9: Vince
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