Lindblad Expeditions Holdings Inc. · NASDAQ:LIND
Lindblad Expeditions — Merger or Acquisition (May 2016)
12 slides from Lindblad Expeditions's merger presentation, May 5, 2016
Slide 1: Natural Habitat Adventures
TM LINDBLAD EXPEDITIONS HOLDINGS, INC. NATURAL HABITAT ADVENTURES MAY 5, 2016 1
Slide 2: Disclaimer
DISCLAIMER This presentation (including any oral statements transmitted to the recipients of this presentation) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s current expectations about its
Slide 3: New Platform
NEW PLATFORM Lindblad Acquires 80.1% of Natural Habitat, Inc. Adds Platform for Land-Based Adventure Travel $20 Million Investment ● Leading adventure travel and ecotourism company ● Focus on responsible land-based travel ● Long-term partnership with World Wildlife Fund ● 25% revenue CAGR over last
Slide 4: Strategic Rationale
STRATEGIC RATIONALE PLATFORM FOR SIGNIFICANT GROWTH ● Provides platform for expansion into land-based offerings ● Brings strong, trusted brand that is complementary to Lindblad ● Experienced team, led by founder and President TM Ben Bressler, will continue to operate the business ● Structure aligns
Slide 5: Complementary Brands
COMPLEMENTARY BRANDS EXPANDING LINDBLAD’S EXPEDITION ADVENTURE FOCUS TM Expedition Adventure Focus ü ü (Ship-based) (Land-based) Affluent Affluent Attractive Target Demographic Average Age: 57 Average Age: 57 % Repeat Travelers 37% 35% % Direct Sales 43% 86% Strategic Partner National Geographic Wor
Slide 6: Transaction Overview
TRANSACTION OVERVIEW ● Lindblad Expeditions has acquired 80.1% of Natural Habitat, Inc. from Gaiam, Inc. (NASDAQ: GAIA), a leading brand focused on wellness and fitness, and Ben Bressler, Founder and President of Natural Habitat ● Purchase price for the 80.1% interest is approximately $20 million(1)
Slide 7: Natural Habitat Overview
NATURAL HABITAT OVERVIEW 7
Slide 8: Natural Habitat
NATURAL HABITAT COMPANY HIGHLIGHTS FOUNDER & PRESIDENT ● A nature-focused conservation and adventure travel Ben Bressler founded Natural Habitat provider with mostly land-based offerings around in 1985 and still leads the company. the world He has grown the company into a leader in worldwide nature
Slide 9: Explore the World
EXPLORE THE WORLD WILDLIFE FOCUSED ADVENTURES AROUND THE GLOBE CENTRAL AMERICA AFRICA CANADA GALAPAGOS ANTARCTICA U.S. NATIONAL PARKS CHINA INDIA ARCTIC ALASKA PERU MEXICO 9
Slide 10: Unique Itineraries
UNIQUE ITINERARIES IMMERSIVE NATURE AND WILDLIFE ADVENTURES ● Access to private wildlife reserves, remote CLASSIC POLAR BEAR ADVENTURE SECLUDED BOTSWANA SAFARI corners of national parks, and distinctive lodges ● Small group ● Max 7 guests and camps for best wildlife viewing ● Unique access to area w
Slide 11: World Wildlife Fund
WORLD WILDLIFE FUND STRONG STRATEGIC PARTNER ● Natural Habitat is the exclusive travel partner of World Wildlife Fund in the U.S. - Partnered in 2003 - Extended the agreement from December 2018 until December 2023 in connection with the Lindblad transaction ● World Wildlife Fund is one of the world’
Slide 12: Lindblad Expeditions
Lindblad Expeditions
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