Colt Cz Group Se · PSECZ:COLT
Colt Cz — CZG - Česká zbrojovka Group — Merger or Acquisition (February 2021)
10 slides from Colt Cz's merger presentation, February 2021
Slide 1: Project Constitution: Acquisition of 100% Colt Holding Company LLC
PROJECT CONSTITUTION: ACQUISITION OF 100% COLT HOLDING COMPANY LLC February 2021 INVESTOR INFORMATION
Slide 2: Legal disclaimer
Legal disclamer IMPORTANT - YOU MUST READ THE FOLLOWING BEFORE CONTINUING • This presentation (the “Presentation”) has been prepared by CZG - Česká zbrojovka Group SE, with its registered office at Opletalova 1284/37, Nové Město, 110 00 Praha 1, Identification Number 291 51 961, registered in the Co
Slide 3: Overview of Colt Holding Company LLC
Overview of Colt Holding Company LLC General overview Financial overview • Colt Group manufactures firearms, and small Revenue and EBITDA arms weapon system for civilian, military and law 500 19,7% 0,3 12,3% 10,1% enforcement customers 400 0,1 • Company's end customers encompass every 300 255 -0,1 1
Slide 4: Transaction overview
Transaction overview Key transaction terms Transaction financing Acquisition of 100% stake in Colt Holding Company LLC Own cash resources New Bonds Issued ~30 – 40% ~60 – 70 % Transaction closing expected in Q2 2021 Consideration of USD ~205M of net cash consideration Acquisition costs Closing and f
Slide 5: Combined group at a glance
Combined group at a glance Revenue1 CZG Net Debt 3 and Net leverage ratio USDm USDm Expected Net leverage ratio below 2.5x +89% 542 2.0x 300 2,0x 250 226 286 1.3x 1.2x 1,5x 255 200 0.8x Net debt 150 1,0x 100 56 70 Net leverage ratio 43 0,5x 50 - 0,0x 2020E CZG 2020E Colt 2020E Total 2017 2018 2019 2
Slide 6: Transaction rationale fully in line with CZG strategy
Transaction rationale fully in line with CZG strategy 1 CZG ambition to strengthen its position in the M&LE segment globally, in North America, including US Federal Government 2 CZG has an immediate need to expand its production presence in the United States, CZG needs a strong „second production le
Slide 7: Appendix
APPENDIX )) CZ croup
Slide 8: Transaction financing detail
Transaction financing detail Upfront: new CZG Earn-out: new CZG Upfront: Cash & bonds shares shares Own cash resources ~ 30 – 40% Total # Total # +3.4% of +3.2% of of shares +1.1 33.7 of shares +1,1 32.6 new shares1 new shares1 ~33.7M ~34.8M New Bonds Issued ~ 60 – 70% Pre-acqusition Newly issued sh
Slide 9: Simplified transaction perimeter
Simplified transaction perimeter 100% 100% CZ-US EHC-4M, SE Holdings Inc. Česká zbrojovka Partners SE Czech Republic Free float USA Czech Republic 90.76% 9.24% 100% 100% 100% 100% CZG – Česká zbrojovka Group SE (“CZG”) CZ CZ-USA Inc. CZ MFG, Inc. Acquisition II. 4M SYSTEMS a.s. Czech Republic LLC. U
Slide 10: Full detail transaction perimeter
Full detail transaction perimeter CZG – Česká zbrojovka Group SE (“CZG”) Czech Republic 100% CZ-US Holdings Inc. ACQUIRED COLT ENTITIES USA 100% Colt Defence LLC USA 100% CZ Acquisition II. LLC. 100% 95% 100% 99% USA New Colt Holding Colt Colt Defence Colt International Corp. 5% Manufacturing Techni
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