Amplifon Spa · MIL:AMP
Amplifon Spa — Merger or Acquisition (July 2018)
10 slides from Amplifon Spa's merger presentation, Jul 24, 2018
Slide 1: GAES - A key milestone in Amplifon's growth story
GAES - A key milestone in Amplifon’s growth story July 24th, 2018
Slide 2: Disclaimer
Disclaimer Certain statements and information contained in this presentation that are not statements or information of historical fact constitute forward- looking statements, notwithstanding that such statements are not specifically identified as such. These statements may include terminology such a
Slide 3: Transaction highlights
Transaction highlights ▪ Amplifon signed a definitive agreement for the acquisition of GAES group from the DEAL STRUCTURE & Gassó family and other minority shareholders CONSIDERATION ▪ The equity value to be paid in cash amounts to Euro 528 million, with a net financial position expected to be aroun
Slide 4: An industry-shaping move underpinned by a compelling acquisition rationale
An industry-shaping move underpinned by a compelling acquisition rationale Further consolidates Amplifon’s global leadership, thanks to the combination with the largest privately-owned specialty retailer in the industry, increasing global market share to >11% Unique strategic fit with Amplifon’s gro
Slide 5: GAES: the Spanish national champion
GAES: the Spanish national champion ▪ Founded in 1949, GAES is today the largest privately-owned hearing aid specialty retailer worldwide ▪ The company is the clear leader in Spain, 10th largest worldwide hearing aid retail market, still significantly underpenetrated (~15-20%) and with strong growth
Slide 6: GAES' geographic footprint
GAES’ geographic footprint Spain Portugal LATAM countries Presence since 1949 1993 From 1999 Population (m) 46.4 10.3 253.3 % on Revenues ~87% ~3% ~10% # Stores >500 >20 ~70 Presentation to Investors| July 2018 6
Slide 7: GAES: a profitable business that will consolidate Amplifon's global leadership
GAES: a profitable business that will consolidate Amplifon’s global leadership FY2017 Highlights Revenues €210m €1,266m Adj. EBITDA ~€30m €218m Positioning in hearing Leader in Spanish-speaking Global leader care retail world # PoS ~600 ~10,000 # People ~1,800 ~14,000 # Countries 9 21 Presentation t
Slide 8: Multiple sources of synergies, fully captured by 2021
Multiple sources of synergies, fully captured by 2021 ▪ Complementary and ideal geographical footprint to reach optimal scale in COMMERCIAL Spain and Portugal EXCELLENCE ▪ Productivity increase through best practices MARKETING ▪ Greater effectiveness and efficiency in marketing spend OPTIMIZATION PR
Slide 9: Acquisition to drive significant value creation for all stakeholders
Acquisition to drive significant value creation for all stakeholders Unique opportunity in Amplifon’s growth story to consolidate its global market leadership and accelerate future growth Significant value creation thanks to the unique strategic fit and strong synergy potential Strong financial prof
Slide 10: Investor Relations Contacts
Investor Relations Contacts FRANCESCA RAMBAUDI PAOLA BEZZI OLGA LEPECHKINA Director Junior specialist Assistant Tel: +39 02 5747 2261 Tel: +39 02 5747 2310 Tel: +39 02 5747 2542 francesca.rambaudi@amplifon.com paola.bezzi@amplifon.com olga.lepechkina@amplifon.com