Universal Store Holdings Ltd. · ASX:UNI
Universal Store — Merger or Acquisition (September 2022)
11 slides from Universal Store's merger presentation, Sep 26, 2022
Slide 1: Universal Store Presentation – Acquisition of THRILLS (ASX Announcement)
ASX ANNOUNCEMENT UNIVERSAL STORE PRESENTATION – ACQUISITION OF THRILLS Brisbane, 26 September 2022 Universal Store Holdings Limited ABN 94 628 836 484 (ASX: UNI) attaches for release to the market an investor presentation relating to its acquisition of Cheap THRILLS Cycles Pty Limited. Authorised fo
Slide 2: Universal Store Investor Presentation – Acquisition of THRILLS
UNIVERSAL STORE – INVESTOR PRESENTATION UNIVERSAL STORE ACQUISITION OF THRILLS 26 SEPTEMBER 2022 1
Slide 3: Transaction Overview
UNIVERSAL STORE – INVESTOR PRESENTATION TRANSACTION OVERVIEW UNIVERSAL STORE HAS AGREED TO PURCHASE CTC, A DESIGNER, WHOLESALER AND RETAILER OF CASUAL YOUTH FASHION APPAREL WITH BROAD APPEAL AND STRONG GROWTH POTENTIAL • Universal Store agreed to acquire 100% of Cheap THRILLS Cycles Pty Limited (CTC
Slide 4: CTC Overview
UNIVERSAL STORE – INVESTOR PRESENTATION CTC OVERVIEW BUSINESS OVERVIEW UNIVERSAL RELATIONSHIP WITH CTC • CTC, trading as THRILLS, offers a curated range of vintage • The founders and management team are well known to UNI, inspired casual fashion apparel with broad customer appeal with a working rela
Slide 5: THRILLS Brand & Product
UNIVERSAL STORE – INVESTOR PRESENTATION THRILLS BRAND & PRODUCT PALM TREES & STREET MACHINES A subculture driven lifestyle clothing & fashion brand from Byron Bay, creating leading vintage inspired fashion and men’s & women’s streetwear with a sustainable future front of mind. Established in 2011 We
Slide 6: A Complementary Strategic Fit for Universal Store
UNIVERSAL STORE – INVESTOR PRESENTATION A COMPLIMENTARY STRATEGIC FIT FOR UNIVERSAL STORE THRILLS IS A WELL-DEVELOPED BRAND IN THE CASUAL YOUTH FASHION SEGMENT WITH A TRACK RECORD OF GROWTH AND EXCITING PROSPECTS FOR CONTINUED EXPANSION HIGHLY COMPLIMENTARY, ATTRACTIVE ACQUISITION • THRILLS is a wel
Slide 7: Acquisition Structure
UNIVERSAL STORE – INVESTOR PRESENTATION ACQUISITION STRUCTURE ACQUISITION OF 100% OF CTC, WITH 70% PAID UPFRONT AND 30% DEFERRED (AND VARIABLE) ACQUISITION STRUCTURE DVC MULTIPLE MATRIX • Acquisition of 100% for an initial notional EV of $50.0m on a cash free / debt free basis (6.8x normalised FY22
Slide 8: Funding and Financial Impact
UNIVERSAL STORE – INVESTOR PRESENTATION FUNDING AND FINANCIAL IMPACT ACQUISITION OF 100% OF CTC, WITH 70% PAID UPFRONT AND 30% DEFERRED (AND VARIABLE) FUNDING ACQUISITION SOURCES AND USES • Consideration funded through: Sources $m Uses $m UNI cash reserves (FY23) 19.5 Upfront cash consideration 17.5
Slide 9: Post Acquisition Group Overview
UNIVERSAL STORE – INVESTOR PRESENTATION POST ACQUISITION GROUP OVERVIEW • Australia’s premier owner and operator of youth and young adult fashion retail brands • A grower of businesses, with excellence in culture, retail execution and brand management Universal Store Holdings Limited • Customer focu
Slide 10: CTC Financials
UNIVERSAL STORE – INVESTOR PRESENTATION CTC FINANCIALS (A$ million) UNAUDITED CTC SUMMARY P&L1 FY22 FY21 Total sales 34.6 28.5 Retail2 2.9 2.5 Wholesale 27.7 22.9 Online 4.0 3.0 COGS (17.4) (14.1) Gross profit 17.2 14.4 % margin 49.7% 50.6% Employment expenses (4.3) (3.9) Occupancy expenses (0.9) (0
Slide 11: Disclaimer
UNIVERSAL STORE – INVESTOR PRESENTATION DISCLAIMER This presentation has been prepared by Universal Store Holdings Limited (Company). This presentation contains summary information about the Company and its subsidiaries (Group) and the business conducted by the Group and by Cheap THRILLS Cycles Pty
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