Slide 1: Brait Investor Presentation
BRAIT INVESTOR PRESENTATION 4 MARCH 2022 Brait PLC (Registered in Mauritius as a Public Limited Company) (Registration No. 183309 GBC) Share code: BAT ISIN: LU0011857645 Bond code: WKN: A2SBSU ISIN: XS2088760157 LEI: 549300VB8GBX4UO7WG59 ("Brait”, the “Company” or “Group”)
Slide 2: Transaction Overview
TRANSACTION OVERVIEW Transaction overview Transaction steps Existing (£20.2m) and new shareholders (Titan and DK Consortium Existing shareholders New shareholders 1 £68.2m) inject capital to acquire shares in Virgin Active International Brait Virgin Titan & DK Existing shareholders capitalise the cu
Slide 3: Virgin Active CEO - Dean Kowarski
VIRGIN ACTIVE CEO - DEAN KOWARSKI The Board of Virgin Active has concluded a global search for a CEO replacement for the retiring founder Matthew Bucknall Dean Kowarski will take over as the CEO of Virgin Active on 1 March 2022 Dean Kowarski CEO and Founder of Real Foods • Dean Kowarski has a passio
Slide 4: Kauai and Nü Business Overview
KAUAI AND NÜ BUSINESS OVERVIEW • Established in 1994, Kauai is SA’s largest healthy, fast casual • Established in 2013, Nü’s nutritional philosophy brings together restaurant group, with 169 stores across South Africa, Namibia, forward-thinking science & food trends, and nutritionally dense Botswana
Slide 5: Transaction Rationale
TRANSACTION RATIONALE – £88.4m of new capital for liquidity purposes and to drive new growth initiatives in the businesses – Emerging into a post COVID world has provided significant opportunities for the businesses to improve membership Use of proceeds engagement, enhance digital and data strategie
Slide 6: Impact to Brait
IMPACT TO BRAIT – Virgin Active raising capital at Brait’s most recently reported valuation1 serves to underpin Brait’s valuation – Virgin Active made up 45% of Brait’s total assets incorporated in the 30 September 2021 reported NAV per share of R8.14, a significant premium to Brait’s current share