Ovs S.p.a. · MIL:OVS
Ovs — Merger or Acquisition (September 2016)
5 slides from Ovs's merger presentation, Sep 19, 2016
Slide 1: OVS announces an opportunity for international expansion through a minority investment in Sempione Retail
OVS announces an opportunity for international expansion through a minority investment in Sempione Retail AG which launched today a recommended public tender offer for Swiss Charles Vögele Holding AG 19th September 2016
Slide 2: Executive summary
Executive summary With this transaction, OVS aims to accelerate its internationalization process in three relevant adjacent markets OVS has carefully analyzed Charles Vögele’s network and merchandising and believes that in the selected countries and in particular in Switzerland, Austria and Slov
Slide 3: Charles Vögele sales breakdown by country and evolution 2015-2019
Charles Vögele sales breakdown by country and evolution 2015-2019 Charles Vögele sales by country 2015A / 2019E Commentary •1 Benelux sales will stop in 2016 due to the Under disposal finalization of the sale process •2 At least 70 % of Germany business to be disposed immediately upon completion of
Slide 4: Charles Vögele EBITDA bridge 2015A-2019E
Charles Vögele EBITDA bridge 2015A/19E Charles Vögele EBITDA bridge 2015A – 2019E EBITDA (CHFm) (9) EBITDA 2015A Exit from countries Closure of non- Top-line driven store Cost rationalisation Impact of sale of real EBITDA in 2019E performing stores conversion impact OVS estate Commentary • 1 Expecte
Slide 5: Disclaimer
Disclaimer This presentation is being furnished to you solely for your information and may not be reproduced or redistributed to any other person. This presentation might contain certain forward-looking statements that reflect the Company’s management’s current views with respect to future events an