Doxee S.p.a. · MIL:DOX
Doxee — Merger or Acquisition (September 2022)
24 slides from Doxee's merger presentation, Sep 16, 2022
Slide 1: Doxee acquires Infinica GmbH
Doxee acquires Infinica GmbH Paolo Cavicchioli Chairman Sergio Muratori Casali CEO 16/09/22
Slide 2: Agenda
Agenda 1. Strategic Rationale 2. Overview of Infinica GmbH 3. Rationales & Value Creation 4. Structure of the Deal 5. Growth Strategy 6. Q&A 16/09/22 Doxee acquires Infinica GmbH
Slide 3: Strategic Rationale
Strategic Rationale 16/09/22 Doxee acquires Infinica GmbH
Slide 4: Pursuing the strategic roadmap
Pursuing the strategic roadmap Strategic growth through M&A M&A in key international markets to expand in strategic industries – Telco, Utilities, Finance - and boost upselling • Market entry in DACH and consolidation in the CEE region in the Digital Experience Sector; • Market entry into the Electr
Slide 5: Doxee acquires the 90% of Infinica GmbH
Doxee acquires the 90% of Infinica GmbH A strong strategic rationale Doxee acquires the 90% of Infinica GmbH with an option on the remaining 10%. A key step in the Doxee’s strategic roadmap to be positioned as the leading European technology and product vendor in the field of digital customer experi
Slide 6: Overview of Infinica GmbH
Overview of Infinica GmbH 16/09/22 Doxee acquires Infinica GmbH
Slide 7: Infinica GmbH
Infinica GmbH Leading customer communication management software platform • International customers • Customer Communication Management Infinica • International technology and Fields of • Document Composition strong partner network activities • Output Management • 30+ Software Experts • Forms Manage
Slide 8: Infinica Platform
Infinica Platform A relevant plus for Doxee’s offering Own CCM platform strongly focused on the delivery of SaaS products dedicated to the creation and distribution of customized documents to support on-demand and interactive communication use cases, aimed at customers in the sectors: Banking, Insur
Slide 9: Infinica - Salesforce
Infinica - Salesforce A key strength for Doxee’s strategic roadmap Infinica Workplace The Infinica application suite has recently completed the certification process of the SalesForce global marketplace User called App Exchange. perspective Creating The certification of Infinica Documents 1 3 applic
Slide 10: Infinica References
Infinica References Banking & Insurance Public Sector Retail & Technology Utilities Transport Media & Telco
Slide 11: Ownership
Ownership Infinica Ownershipstructure Infinica GmbH cap table Company Structure Innovatic GmbH Dr. Herbert Liebl Innovaticgroup 51% 44.5% GmbH Operational 43% Liebl Non-Operational Herbert Non-operational 52.5% Operational Infinica GmbH Austria Austria Infinica GmbH 100% 100% 100% 100% Infinica SK I
Slide 12: Infinica Key Financials H1 2022
Infinica Key Financials H1 2022 € 2.0 mln € 0.5 mln 26% € 0.5 mln € 1.2 mln Revenues EBITDA EBITDA Margin Net Result NFP (cash positive) Unaudited financial statements as of 30 June 2022 showed a clear growth trend compared to 31 December 2021 in which the company totalled Revenues from sales and se
Slide 13: Rationales & Value Creation
Rationales & Value Creation 16/09/22 Doxee acquires Infinica GmbH
Slide 14: A deal with a strong potential
A deal with a strong potential § The acquisition of Infinica’s technology will accelerate the roadmap for the new release of the Doxee TECH ADVANTAGES Platform® anticipating the time to market of new services by approximately 18 months § SalesForce certification, also distributed by the SalesForce A
Slide 15: A deal with a strong potential
A deal with a strong potential “Inbound” advantages and expected synergies cover almost half of the price paid § Doxee identified DACH and CEE regions as a green field as the digitization rate is under 70% and the e- MARKET AND invoicing compliance has not been extended yet to B2C TERRITORY § Doxee
Slide 16: Doxee/Infinica: technology overview
Doxee/Infinica: technology overview Integrated Application Map DA/SA Design Business DT BP/ODP Bundle Configuration Workplace Designer Designer Workflow Editor Management composer time Editor Design & Release Staging Settings Activities Security Settings Applications Wedbav repository Jobs Runtime D
Slide 17: Structure of the Deal
Structure of the Deal 16/09/22 Doxee acquires Infinica GmbH
Slide 18: Structure of the deal (1/2)
Structure of the deal (1/2) The binding agreement foresee the acquisition by Doxee S.p.A. of 90% of the capital of Infinica GmbH, with an option on the remaining 10%, from the current shareholders Herbert Liebl, Innovatic GmbH and Jürgen Pfalzer for a consideration of € 9.5 mln. In particular, the p
Slide 19: Structure of the deal (2/2)
Structure of the deal (2/2) The remaining 10% of Infinica's capital, in the hands of Herbert Liebl, will be subject to a put & call option contract to be exercised in two tranches, the first in 2023 (for a 5%) and the second in 2026 (for the remaining 5%) for a maximum total value of € 5 mln. The pu
Slide 20: Doxee S.p.A. structure
Doxee S.p.A. structure How Doxee S.p.A. structure has changed after the deal BEFORE DOXEE S.p.A. Doxee USA Inc. Doxee Czech s.r.o. Doxee Slovak s.r.o. Babelee S.r.l. (51%) (100%) (100%) (91.4%) AFTER DOXEE S.p.A. Doxee USA Inc. Doxee Czech s.r.o. Doxee Slovak s.r.o. Babelee S.r.l. Infinica AT (51%)
Slide 21: Growth Strategy
Growth Strategy 16/09/22 Doxee acquires Infinica GmbH
Slide 22: The Growth Strategy
The Growth Strategy Infinica integration path and strategy Strategic growth in DACH and CEE regions in Telco, Utilities, Finance industries • Upsell and Cross-sell the joint product portfolio to actual customer base; • Market entry into the global Salesforce marketplace; • Market entry into the Elec
Slide 23: Q&A SESSION
Q&A SESSION 16/09/22 Doxee acquires Infinica GmbH
Slide 24: Paolo Cavicchioli, Chairman Sergio Muratori Casali, CEO
Paolo Cavicchioli, Chairman Sergio Muratori Casali, CEO investor.relations@doxee.com Doxee Spa Viale Virgilio 48/B 41123 Modena - Italy doxee.com