Royal Unibrew A/s · OMXCOP:RBREW

Royal Unibrew A/s — Merger or Acquisition (2023)

9 slides from Royal Unibrew A/s's merger presentation, 2023

  1. Slide 1: Royal Unibrew agrees to acquire Vrumona

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona By CEO & President Lars Jensen and CFO Lars Vestergaard

  2. Slide 2: Disclaimer

    ROYAL UNIBREW This presentation contains forward-looking statements, including statements about the Group’s sales, revenue, earnings, spending, margins, cash flows, inventories, products, actions, plans, strategies, objectives and guidance with respect to the Group’s future operating results. Forwar

  3. Slide 3: Transaction highlights

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 3 Transaction highlights • Transaction Enterprise value of EUR 300 million, net revenue in 2022 of approximately EUR 200 million and a normalized EBITDA of around EUR 25 million yields an EV/EBITDA multiple of around 12x • Closing expected in Sep

  4. Slide 4: Strategic rationale

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 4 Strategic rationale • Strong strategic fit for Royal Unibrew • Entering a medium-sized European market with a growth platform with long-term multi-beverage potential • The platform is closer to multi-beverage than to multi-niche • Many similari

  5. Slide 5: Vrumona – a strong growth platform

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 5 Vrumona – a strong growth platform #1 in Vitamin water • Strong market position • Broad, relevant and profitable portfolio #1 in Bitters, Tonic, Gingers & • Unique mix of own, licensed and distributed Shandy brands • Long-standing license partn

  6. Slide 6: The Dutch soft drinks market

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 6 The Dutch soft drinks market Vrumona second largest soft drink player Vrumona net revenue split (2022) 1% Competitor One 9% 19% 43% 9% Vrumona Others 55% 47% 6% Competitor two 6% Competitor three 2% 4% Competitor four Owned brands Contract fill

  7. Slide 7: Balance sheet and funding

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 7 Balance sheet and funding Free Cash flow seasonality (past four years’ average) • Strong FCF Q2 and Q3 expected • Payment mid H2 • Financing by existing banking group • Expected leverage towards end of year below 3 Q1 Q2 Q3 Q4

  8. Slide 8: Q&A

    ROYAL UNIBREW Royal Unibrew agrees to acquire Vrumona 8 Q&A

  9. Slide 9: Thank you for your attention

    ROYAL UNIBREW Thank you for your attention

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