Sigma Healthcare Ltd · ASX:SIG
Sigma Healthcare — Merger or Acquisition (December 2018)
7 slides from Sigma Healthcare's merger presentation, Dec 14, 2018
Slide 1: Proposal for API-Sigma Merger
For personal use only PROPOSAL FOR API-SIGMA MERGER 14 December 2018
Slide 2: Agenda
AGENDA For personal use only Proposal and current status Rationale and outlook Approach and benefits Next steps and timing 2018 FULL YEAR RESULTS PRESENTATION 2 2
Slide 3: Proposal and Status
PROPOSAL AND STATUS Current shareholding and proposal before the Sigma Healthcare Limited (Sigma) directors For personal use only Status Non-binding indicative offer (NBIO) To merge the companies with a cooperative approach so that Sigma shareholders presented to the Sigma Board on 11 will receive,
Slide 4: Merger Rationale and Outlook
MERGER RATIONALE AND OUTLOOK The rationale for merging the companies is more compelling than ever due to: For personal use only • Ongoing Government funding for the Community Service Obligation remaining flat while input costs are increasing • Pharmaceutical Benefits Scheme (PBS) Reforms continuing
Slide 5: Approach and Benefits
APPROACH AND BENEFITS API’s intent is to strengthen the underlying assets for all shareholders and create a more sustainable pharmacy industry. For personal use only The current NBIO reflects: • Public financial information available in respect of Sigma • A focus on infrastructure and back office co
Slide 6: Next Steps
NEXT STEPS API is seeking full engagement with Sigma and to be able to deliver a binding proposal early in 2019. For personal use only Key steps in the process are: • API has advised the Australian Competition and Consumer Commission (ACCC) of its shareholding and intent to seek a merger with Sigma
Slide 7: Proposal for Merger
For personal use only PROPOSAL FOR MERGER 14 December 2018
Sigma Healthcare — Merger or Acquisition (December 2018) on 6ix