Barnes & Noble Education, Inc · NYSE:BNED
Barnes & Noble Education — Merger or Acquisition (August 2017)
9 slides from Barnes & Noble Education's merger presentation, Aug 7, 2017
Slide 1: Barnes & Noble Education, Inc. Acquires Student Brands
Exhibit 99.2 Barnes & Noble Education, Inc. Acquires Student Brands I N V E S TO R P R E S E N TAT I O N : A U G U S T 7 , 2 0 1 7
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and inf
Slide 3: Introduction
Introduction 1. Student Brands Acquisition 2. BNED Strategic Growth Platform 3. Key Considerations 4. Conclusion 2 CONFIDENTIAL DRAFT Not for Distribution
Slide 4: Student Brands Transaction Overview
Student Brands Transaction Overview • Total purchase price of $58.5 million in cash for Student Brands Terms • Structured to “step up” the tax basis of Student Brands’ assets, expected to result in significant future cash tax savings • Highly visible subscription monetization model; strong and growi
Slide 5: Student Brands Overview and Strategic View
Student Brands Strategic View Overview Growing direct-to-consumer Model Digital digital company with 20M B2C monthly unique visitors 23M+ unique user-generated Technology Content Brain content library in 4 languages provides help to students with research & writing assignments Unique User-Generate
Slide 6: A Growth Strategy Combining Digital + Brand/Relationships
A Growth Strategy Combining Digital + Brand/Relationships Digital Student Notable Brand More Monetization Engine Students Large Campus Footprint High Margin & Attractive & Relationships Unit Economics Growing Online Market Over 6M Students Better More Product Data Unique High Quality Textbook Sales
Slide 7: BNED Strategic Growth Platform
BNED Strategic Growth Platform STRATEGIC AGREEMENTS AND ACQUISITIONS MBS EPEG Publisher Agreement Student Brands Acquired February 28, 2017 Announced July 30, 2017 Acquired August 4, 2017 CONTINUE TO STRENGTHEN CORE BUSINESS • Barnes & Noble College (BNC) provides solid platform for growth • Annual
Slide 8: BNED Strategic Growth Platform – Key Considerations
BNED Strategic Growth Platform – Key Considerations BARNES & NOBLE COLLEGE • Continues to compete and win in the marketplace for core business – adds platform • Continues to grow digital offerings and services (e.g. LoudCloud, Student Brands) to complement core book business and provide full suite o
Slide 9: Conclusion
Conclusion The acquisition of Student Brands is another pivotal step in our strategy to grow and enhance our platform as a leading aggregator and distributor of educational content. All of our acquisitions, coupled with our strong core business, position us to be a leader in this industry as it tran
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