Samsonite Group S.a. · HKEX:1910
Samsonite — Samsonite International — Merger or Acquisition (March 2016)
17 slides from Samsonite's merger presentation, Mar 4, 2016
Slide 1: Samsonite's Acquisition of Tumi
Samsonite’s Acquisition of Tumi Creating the Leading Global Travel Lifestyle Company March 4, 2016
Slide 2: Disclosure Statement
Disclosure Statement This presentation and the accompanying slides (the "Presentation") which have been prepared by Samsonite International S.A. ("Samsonite" or the "Company") do not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or b
Slide 3: Truly Compelling Strategic Transaction
Truly Compelling Strategic Transaction Iconic brand for business professionals Attractive and complementary product portfolio Strategic expansion into premium business and luggage segment Leverages existing global retail and wholesale networks Enhances expertise in product design, development and in
Slide 4: Key Transaction Terms
Key Transaction Terms ■ On 4 March (Hong Kong time), Samsonite International S.A. (“Samsonite”) and Tumi Holdings Inc (“Tumi”), announced that they have entered into a definitive merger agreement whereby Samsonite will acquire 100% of Tumi (the “Transaction”) ■ Under the terms of the Transaction, Tu
Slide 5: Tumi: A 40-Year North American Heritage Brand in Premium Business and Luggage Products
Tumi: A 40-Year North American Heritage Brand in Premium Business and Luggage Products Business Description ■ Founded in 1975, Tumi is a leading global brand of premium business, travel and lifestyle products and accessories ■ Key products include: carry-on luggage, check-in luggage, briefcases, bac
Slide 6: Tumi's All-Time Best Sellers: Iconic Black Business and Luggage Products
Tumi’s All-Time Best Sellers: Iconic Black Business and Luggage Products Iconic “ALPHA2” Product Line Other Product Lines CFX ARRIVÉ VOYAGEUR 6
Slide 7: Tumi in the Future: Women's Bags and Hardside Luggage
Tumi in the Future: Women’s Bags and Hardside Luggage Women’s Bags Hardside Luggage 7
Slide 8: Expansive Global Footprint: Over 2,000 Points of Sale Globally
Expansive Global Footprint: Over 2,000 Points of Sale Globally Including 177 Company-Owned Retail Outlets Madison Avenue, New York Westfield White City, London Dubai Mall, Dubai IFC Mall, Hong Kong 8
Slide 9: Tumi is a Compelling Strategic Fit for Samsonite
Tumi is a Compelling Strategic Fit for Samsonite Attractive and Differentiated Product Portfolio ■ Unique brand and leading position in the premium business and luggage category ■ Diversified portfolio ranging from its iconic black briefcases and luggage to travel accessories, women’s bags, and outd
Slide 10: Tumi's Leadership in the Premium Segment is a Perfect Complement to Samsonite's Existing Platform
Tumi’s Leadership in the Premium Segment is a Perfect Complement to Samsonite’s Existing Platform Hermés Gucci Louis Vuitton Coach Tod’s Rimowa Zero Victorinox Halliburton Private Label Briggs & Riley Bric’s Wenger Randa Luggage Ricardo Olivet Mandarina Duck Travelpro USA Delsey Crown Private Label
Slide 11: Samsonite and Tumi at a Glance
Samsonite and Tumi at a Glance (1) Illustrative Retail Store Count (2) 1,394 177 1,571 Retail Retail Retail Wholesale 54% 26% Store Formats Wholesale 20% 46% Wholesale 80%(3) 74% (% of LTM Net Sales) Accessories Other Accessories Accessories Other 14% 2% 7% Casual q2 2% 8% q2 Casual Product Categori
Slide 12: Proven Track Record of Successful Acquisitions Across Multiple Product Categories and Price Points
Proven Track Record of Successful Acquisitions Across Multiple Product Categories and Price Points August 1993 July 2012 August 2012 April 2014 May 2014 June 2014 12
Slide 13: Key Transaction Milestones
Key Transaction Milestones Dispatch of Samsonite Shareholder Shareholder Vote Circular March April May June July August 2nd Half 2016 2016 2016 2016 2016 2016 2016 Transaction Tumi Transaction Announcement Shareholder Vote Close 13
Slide 14: Tumi is an Attractive Value Proposition for Samsonite
Tumi is an Attractive Value Proposition for Samsonite Leverage Samsonite’s Global Distribution Model and Expertise in Direct Operations ■ Utilizes Samsonite’s global distribution network to penetrate wholesale doors in Asia and Europe ■ Leverages Samsonite’s on-the-ground resources to improve intern
Slide 15: Q&A
Q&A y, Sams@nite
Slide 16: Appendix
Appendix y, Sams@nite
Slide 17: Non-GAAP EBITDA Reconciliation for Tumi
Non-GAAP EBITDA Reconciliation for Tumi Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (Amount in US$MM) FYE FYE 12/31/2014 12/31/2015 Net Sales 527.2 547.7 Net Income 58.0 63.0 Depreciation & Amortization 18.2 21.5 Interest 0.5 0.3 (Earnings) Loss from JV (0.3) (0.4) Foreig
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