Waitr Holdings Inc. · OTC:ASAPQ
Waitr — Merger or Acquisition (December 2018)
11 slides from Waitr's merger presentation, Dec 12, 2018
Slide 1: Waitr Announces Agreement To Acquire Bite Squad
NASDAQ:WTRH Waitr Announces Agreement To Acquire Bite Squad December 12, 2018
Slide 2: Disclaimer Important Information
2 Disclaimer Important Information This investor presentation (“Investor Presentation”) is for informational purposes only and does not constitute an offer to s ell , a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instruments of Waitr Holdings
Slide 3: Our Mission
3 Our Mission Be the leading restaurant platform for online ordering and food delivery across underserved U.S. markets
Slide 4: Bite Squad At A Glance
4 Bite Squad At A Glance 51 Markets 11,125 Restaurants Partners 889K Active Diners (1) ~6,300 Active Drivers (2) Note: As of September 30, 2018. (1) Diners who have placed an order over the past 12 months. (2) Number of drivers who were active in Q3 2018. ▪ Founded in 2012, Bite Squad is an online r
Slide 5: Expands Waitr's Footprint To Over Cities In States
5 Expands Waitr’s Footprint To Over 500 Cities In 22 States + + Significantly expand geographic footprint 1 Shared strategy to establish a market leadership position in the cities which the Company operates 2 Leverage respective strengths to create a best - in - class organization 3 Opportunity to r
Slide 6: Transaction Overview
6 Transaction Overview (1) WTRH share price of $11.26 as of 12/11/18 close. Transaction Consideration ▪ Total consideration of $321.3 million (1) – $202.1 million cash consideration – 10.6 million shares of Waitr’s equity ▪ In connection with the acquisition, Waitr has entered into a debt commitment
Slide 7: Creating Scale With High Growth Pro Forma
7 Creating Scale With High Growth Pro Forma Note: Differences in figures are due to rounding. (1) Gross Food Sales represents food and beverage receipts, plus taxes, prepaid gratuities and delivery fees. (2) Adjusted EBITDA is a non - GAAP financial measure. See the Appendix for a reconciliation to
Slide 8: Q & A
8 Q & A
Slide 9: Appendix
LAI WAITR. Appendix
Slide 10: Waitr Adjusted EBITDA Reconciliation
10 Waitr Adjusted EBITDA Reconciliation Source: Company filings. ($ in thousands) Q3 2018 Net Income (Loss) ($6,515) Income Tax 4 Gain on Derivative (9) Interest Expense 440 Depreciation and amortization 400 Stock Based Compensation 869 Equity compensation on Requested Ammendment 430 Landcadia / Wai
Slide 11: Bite Squad Adjusted EBITDA Reconciliation
11 Bite Squad Adjusted EBITDA Reconciliation (1) Loss on sale of assets. ($ in thousands) Q3 2018 Net Income (Loss) ($4,071) Income Tax 16 Interest Expense 36 Stock Based Compensation 259 Non-Operating / Non-Recurring Expenses (1) 1,334 Adjusted EBITDA ($2,426)
Waitr Holdings — Merger or Acquisition (December 2018) on 6ix