Migros Ticaret A.Ş. Tesco Kipa Acquisition Roadmap. June 2016

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Migros Ticaret A.Ş. Tesco Kipa Acquisition Roadmap. June 2016"

Transcription

1 Migros Ticaret A.Ş. Tesco Kipa Acquisition Roadmap June 06

2 Disclaimer Statement Migros Ticaret A.Ş. (the Company ) has prepared this presentation for the sole purpose of providing information about its business, operations and financial results. The information in this presentation is subject to updating, revision and amendment. The information in this presentation, which includes certain information drawn from external sources, does not purport to be comprehensive and has not been independently verified. No reliance may be placed for any purpose whatsoever on the information contained in this presentation or any assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company, any of its subsidiaries or any of its advisers, officers, employees or agents, as to the accuracy, reliability or completeness of the information or opinions contained in this presentation or in any revision of the presentation or of any other written or oral information made or to be made available to any interested party or its advisers. Save in the case of fraud, no responsibility or liability is accepted (and all such liability is hereby excluded for any such information or opinions). No liability is accepted by any of them for any such information or opinions (which should not be relied upon) and no responsibility is accepted for any errors, misstatements in or omissions from this presentation or for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents. The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice. To the extent available, the industry, market and competitive position data contained in this presentation come from official or third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this presentation come from the Company s own internal research and estimates based on the knowledge and experience of the Company s management in the markets in which the Company operates. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. This document is not intended for potential investors and does not constitute or form part of any offer to sell or issue or invitation to purchase or subscribe for, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. This document does not constitute a recommendation regarding the securities of the Company. The content of this presentation has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 000. In the United Kingdom, this presentation is only being distributed to persons who are reasonably believed to be persons who fall within Articles 9 () and 9 (5) (investment professionals) or 49 () (High net worth Companies etc.) of The Financial Services and Markets Act 000 (Financial Promotions) Order 005 ( Financial Promotion Order ) or to other persons to whom this presentation may otherwise be lawfully distributed. Persons who do not fall within any of these definitions should return this presentation immediately to the Company and in any event, must not act or rely upon the information contained in this presentation. By listening to this presentation, each person is deemed to confirm, warrant and represent that they fall under one of the Articles set out above. The contents of this presentation must not be copied or distributed by recipients and its contents are confidential. This presentation contains forward looking statements which may relate to, without limitation, the Company s plans, objectives, goals, strategies, future operational performance, and anticipated developments in the Turkish retail market and the Turkish economy. These forward looking statements are characterized by words such as anticipate, estimate, believe, intend, plan, predict, may, will, would, should, continue, expect and similar expressions, but these expressions are not the exclusive means of identifying such statements. Such forward looking statements involve risks, uncertainties and other important factors that could cause circumstances or the Company s actual results, performance or achievements to be materially different from any future circumstances, results, performance or achievements expressed or implied by such statements. There can be no assurance that actual results will not differ materially from expectations, and, therefore, readers are cautioned not to place undue reliance on such statements. Any forward-looking statement in this presentation speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. By attending / reading the presentation you agree to be bound by these provisions.

3 Agenda Transaction Overview Overview of Kipa Strategic Rationale Way Forward for Kipa Expected Financial Impact Summary

4 Acquisition of 95.5% stake in Tesco Kipa Migros entered into an agreement with Tesco Overseas Ltd to acquire its c.95.5% stake in Tesco Kipa () Transaction Overview 68 stores with total net sales area of 4k sqm Including real estate property portfolio of 0k sqm with significant third party leased area Purchase value of TL 0 million After deducting financial debt of Kipa in latest FY balance sheet and other adjustments Consideration Implied estimated price per share of TL 0.75 Final purchase value and final price per share dependent on closing adjustments Acquisition is expected to be bridge financed by existing TL credit lines Timing Closing upon obtaining regulatory approval from Turkish Competition Authority Approvals Intention to apply to the Capital Markets Board for exemption from requirement to launch a mandatory tender offer with post closing () Migros acquires 9,867 Class A and,7,69,45 Class B shares of Tesco Kipa Kitle Pazarlama Ticaret Lojistik ve Gıda Sanayi A.S.( Kipa, or Tesco Kipa ) from Tesco Overseas Ltd

5 Overview of Kipa Summary Business Overview Net Sales Area () Modern grocery retailer focused on the Western regions of Turkey with 68 stores, total sales of TL,47 million () Supermarkets % Express 5% Hypermarkets 9% and net sales area of ~4k sqm, comprising 7 Hypermarkets >6,000 sqm Large Supermarkets between,000 and 6,000 sqm Large Supermarkets 4% 48 Supermarkets 7 Express stores ~4k sqm 7 retail real estate properties (mainly shopping malls, Company owned) Centrally located distribution centre in Torbali, İzmir (owned property) Serves over.5 million customers each week Headquartered in Cigli, Izmir () Refers to fiscal year ending 9 February 06, as per CMB filings () Pre-restructuring/right sizing initiatives contemplated by Migros. Based on February 06 financial results, excluding one store which was closed in April 06 4

6 Kipa Store Portfolio and Formats Store Portfolio by City Formats Store No. of stores: 7 Avg size: 4 sqm Total sales area: 6,877 sqm Proximity supermarkets Located in residential and business areas Provides basic fresh and retail products No. of stores: 48 Express Supermarkets Torbali DC Avg size: 856 sqm Total sales area: 4,8 sqm In addition to product range available in express stores, also provides pastry, butcher and seafood Express Supermarkets Kipa presence No. of stores: 7 Hypermarkets Large Supermarkets No. of stores: Large Supermarkets Sales area > 6,000 sqm Sales area ranging from,000 to 6,000 sqm Hypermarkets Distribution centre Petrol filling stations () () One out of petrol filling stations is subleased to a third party. Avg size: 7,509 sqm Total sales area: 7,65 sqm In addition to product range available in large supermarkets, offers electronics, sports and clothing ranges Avg size: 4,460 sqm Total sales area: 8,6 sqm In addition to product range available in supermarkets, offers selected non-food categories 5

7 Strengthens competitive position and leverage scale benefits Apply Migros' proven and tested full range formats to Kipa s portfolio of well-established and welllocated shopping destinations Provide compelling format proposition addressing Turkey s demographics and growing middle class Gain critical scale benefits in an increasingly consolidating modern grocery segment Integration and optimization of corporate and distribution functions Number of Stores - Total () LFY Sales Densities () Operational Expenses/Sales () TL/sqm % %.447 Migros Migros Pro Forma Kipa Migros Kipa Migros () Migros as of March 06. Kipa as of February 06, excluding one store, which was closed in April 06. Before restructuring of portfolio. () Migros refers to fiscal year ending December 05, only for Turkish operations. Kipa refers to fiscal year ending 9 February 06. OPEX does not include amortisation, provisions for unused vacations, employee termination payments/provisions. 6

8 Significant real estate content increases operational flexibility Kipa owns 7 retail real estate properties () with 0k sqm of total retail space 6 of the properties are shopping malls including significant third-party leased sales area adjacent to a Kipa store being an anchor İzmir - Çigli İzmir - Balcova Yalova Ankara - Polatli Antalya Mersin - Mezitli () Excluding Torbali distribution centre 7

9 Local operational excellence allows for improved cost control Leveraging of Migros long-term relationships with local suppliers, localised category management and savings from centralised logistics (67-70% for Kipa vs. 84% for Migros) Application of Migros best operating practices to Kipa stores, including Staffing IT systems Transportation from centralised logistics 8

10 4 Proven track record of integrating and right sizing stores in Turkey Significant step forward in Migros long term expansion plans Format adoption, store transformations and rebranding as well as store rollouts are part of Migros DNA Based on deep understanding of Turkish food retail market Proven track record of successful right sizing of,000 sqm of Migros large store space over last few years delivering operational initiatives, including the successful conversion and rebranding of 75 Tansas stores since 00 increasing market penetration and top-line sustainable growth without compromising profitability and balance sheet efficiency 9

11 Way Forward for Kipa Restructuring of Store Portfolio Restructuring of Kipa s store portfolio leading to sales area reduction, including Gradual right sizing of certain locations Adoption of Migros proven and tested full range formats Refurbishment of certain shopping malls Opportunistic divestiture of certain real estate assets Leveraging of Migros' long-term relationships with local suppliers Localised category management Application of Migros Operating Model Apply Migros' best operating practices to Kipa estate, including Staffing practices IT systems Transportation from centralised logistics Increased economies of scale Integration Benefits Integration and optimisation of corporate and distribution functions Savings from rebranding of Kipa stores to Migros banners Savings in distribution centre expenses 0

12 Expected Financial Impact Supports Migros double digit sales growth guidance P&L Impact Improvement of Kipa s sales/sqm efficiency by right sizing of net sales area and efficiency initiatives Target neutral pro forma EBITDA margin impact within years after closing LTM Mar-6 Proforma Net Debt / EBITDA range of.5x-4.0x Balance Sheet Impact.5x reflecting with higher integration synergies, 4.0x assuming moderate integration synergies Expected to achieve less than.0x Net Debt/EBITDA within years after closing () In parallel, ability to materially reduce leverage through divestiture of selected real estate assets to achieve targeted leverage levels rapidly Acquisition is expected to be bridge financed by existing TL credit lines () Assuming constant EUR/TL rate for the years 06, 07 and 08

13 Summary. Strengthens competitive position and leverage scale benefits. Significant real estate content increases operational flexibility 4. Local operational excellence allows for improved cost control 45. Proven track record of integrating and right sizing stores in Turkey

Migros Ticaret A.Ş Financial Results

Migros Ticaret A.Ş Financial Results Migros Ticaret A.Ş. 2015 Financial Results Disclaimer Statement Migros Ticaret A.Ş. (the Company ) has prepared this presentation for the sole purpose of providing information about its business, operations

More information

Company presentation. Acquisition of Asan (Cederroth AS) and contemplated private placement. 17 December 2015

Company presentation. Acquisition of Asan (Cederroth AS) and contemplated private placement. 17 December 2015 Company presentation Acquisition of Asan (Cederroth AS) and contemplated private placement 17 December 2015 1 Disclaimer This presentation (the "Presentation") has been produced by Weifa ASA (the Company

More information

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014

VOLEX INTERIM RESULTS TO OCTOBER 5 2014. Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 VOLEX INTERIM RESULTS TO OCTOBER 5 2014 Christoph Eisenhardt, CEO Nick Parker, CFO November 2014 Disclaimer This Presentation has been prepared by Volex PLC (the Company ) in connection with the publication

More information

Acquisition of SAIT Communications. 28 July 2015

Acquisition of SAIT Communications. 28 July 2015 Acquisition of SAIT Communications 28 July 2015 Conference call details SpeedCast acquires SAIT Communications The company has scheduled a conference call as follows: Time: 11.00am (Sydney time), 28 th

More information

T le Co C l o um u bu b s u acqu q i u res pe p pc p om

T le Co C l o um u bu b s u acqu q i u res pe p pc p om Tele Columbus acquires pepcom 13 September 2015 Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking

More information

PDG Realty raises its stake in CHL to 50%

PDG Realty raises its stake in CHL to 50% PDG Realty raises its stake in CHL to 50% Investors Relations: Michel Wurman Investors Relations Director João Mallet Investors Relations Manager Telephone: (21) 3804 3800 E-mail: ri@pdgrealty.com.br Website:

More information

Smart Metering Systems plc. Interim Results For the half year ended 30 June 2015

Smart Metering Systems plc. Interim Results For the half year ended 30 June 2015 Smart Metering Systems plc Interim Results For the half year ended 2015 Introduction and agenda Business review Alan Foy, CEO SMS story Financial Operational Financial review Glen Murray, CFO Highlights

More information

Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million

Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million Marel has agreed to acquire MPS meat processing systems for 382 million on a debt and cash-free basis Parallel Marel secured close to 670 million senior long term financing for the group at favorable terms

More information

SBERBANK GROUP S IFRS RESULTS. March 2015

SBERBANK GROUP S IFRS RESULTS. March 2015 SBERBANK GROUP S IFRS RESULTS 2014 March 2015 SUMMARY OF PERFORMANCE FOR 2014 STATEMENT OF PROFIT OR LOSS Net profit reached RUB 290.3bn (or RUB 13.45 per ordinary share), compared to RUB 362.0bn (or RUB

More information

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015

Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Investor & Analyst Presentation Acquisition of Centor US Holding Inc. Uwe Röhrhoff, CEO Rainer Beaujean, CFO Duesseldorf, July 28, 2015 Disclaimer 1. This presentation may contain certain forward-looking

More information

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference

B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P. BMO 2013 Technology and Digital Media Conference B U I L D I N G N O R T H A M E R I C A N F I N T E C H L E A D E R S H I P BMO 2013 Technology and Digital Media Conference Forward-Looking Statements This presentation contains certain statements that

More information

Tetragon Financial Group Limited ( TFG )

Tetragon Financial Group Limited ( TFG ) Tetragon Financial Group Limited ( TFG ) 12 August 2014 THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY OF TFG. THIS INFORMATION

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Capital Markets Day: Advertising Services 25 March 2015 ADVERTISING SERVICES CREATES A WIN-WIN-WIN SITUATION FOR CUSTOMERS, BRANDS/ADVERTISERS AND ZALANDO CUSTOMERS

More information

YIT Analyst lunch, December 2014 Co-operation projects as part of YIT s strategy

YIT Analyst lunch, December 2014 Co-operation projects as part of YIT s strategy Novo Orlovsky St. Petersburg, Russia YIT Analyst lunch, December 2014 Co-operation projects as part of YIT s strategy Kari Kauniskangas, President and CEO Contents 1 Co-operation projects, part of the

More information

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors

Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors Recommended Acquisition of Networkers International plc Presentation to Analysts & Investors 28 January 2015 Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES.

More information

2014 FULL YEAR RESULTS

2014 FULL YEAR RESULTS 2014 FULL YEAR RESULTS -3% -8% Financial and Operational Highlights Operational Revenue mntl (1) Ancillary Revenue/Pax Load Factor 29% 16% 13% 22% TRY mn 2.38 4,7 TRY mn 3.08 1,7 TRYm n 569,3 TRYm n 661,9

More information

Scotiabank Financials Summit September 4, 2014

Scotiabank Financials Summit September 4, 2014 Scotiabank Financials Summit September 4, 2014 Customers Capital Bank ~7,000 customers, high level of recurring revenue 2 Forward-Looking Statements This presentation contains certain statements that constitute

More information

Market Update and Capital Raising 12 November, 2008

Market Update and Capital Raising 12 November, 2008 Market Update and Capital Raising 12 November, 2008 Dr Colin Goldschmidt CEO and Managing Director Sonic Healthcare 1 NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO US PERSONS Important Notice and Disclaimer

More information

Integrated Dental Holdings. FY 2015 Annual Results - Investor presentation 29 May 2015

Integrated Dental Holdings. FY 2015 Annual Results - Investor presentation 29 May 2015 Integrated Dental Holdings FY 2015 Annual Results - Investor presentation 29 May 2015 DISCLAIMER THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES IN THE UNITED STATES

More information

Update following the publication of the Bank of England Stress Test. 16 December 2014

Update following the publication of the Bank of England Stress Test. 16 December 2014 Update following the publication of the Bank of England Stress Test 16 December 2014 Background Top 8 Banks Resilience Stress Tested by PRA following FPC recommendation in March 2013 Guidance for stress

More information

Tele Columbus acquires PrimaCom. 16 July 2015

Tele Columbus acquires PrimaCom. 16 July 2015 Tele Columbus acquires PrimaCom 16 July 2015 Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking

More information

Q1 Results Presentation

Q1 Results Presentation FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking

More information

AGREEMENT TO ACQUIRE IMPERIAL OIL RETAIL ASSETS IN ONTARIO AND QUEBEC

AGREEMENT TO ACQUIRE IMPERIAL OIL RETAIL ASSETS IN ONTARIO AND QUEBEC ALIMENTATION COUCHE-TARD INC. AGREEMENT TO ACQUIRE IMPERIAL OIL RETAIL ASSETS IN ONTARIO AND QUEBEC MARCH 2016 FORWARD-LOOKING INFORMATION AND CAUTIONARY LANGUAGE This presentation and the accompanying

More information

MERKO EHITUS GROUP Annual General Meeting of Shareholders. 29 April 2015 Nordic Hotel Forum, Tallinn

MERKO EHITUS GROUP Annual General Meeting of Shareholders. 29 April 2015 Nordic Hotel Forum, Tallinn MERKO EHITUS GROUP Annual General Meeting of Shareholders 29 April 2015 Nordic Hotel Forum, Tallinn Agenda 1. Approval of the annual report of the year 2014 and overview of the results and the prospective

More information

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013 Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry February 20, 2013 Discussion of Forward-Looking Statements OFFICE DEPOT SAFE HARBOR STATEMENT

More information

ACQUISITION OF HYPE DC PTY LTD

ACQUISITION OF HYPE DC PTY LTD ACQUISITION OF HYPE DC PTY LTD Important notice and disclaimer This presentation has been prepared by RCG Corporation Limited (RCG) in relation to RCG s proposed acquisition of Hype DC Pty Ltd (Hype).

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q1 2015 Earnings Call 12 May 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Q1 2015 Earnings Call 12 May 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Q1 2015 Earnings Call 12 May 2015 Results highlights and business update 1 REACCELERATED REVENUE GROWTH WHILE PROFITABILITY IMPROVEMENTS CONTINUE Strong Revenue

More information

ROSNEFT INVESTOR DAY FINANCIALS. Svyatoslav I. Slavinskiy April 23, 2013

ROSNEFT INVESTOR DAY FINANCIALS. Svyatoslav I. Slavinskiy April 23, 2013 ROSNEFT INVESTOR DAY FINANCIALS Svyatoslav I. Slavinskiy April 23, 2013 TNK-BP Acquisition: Financing Sources Uses Existing cash resources Cash equivalents and short-term financial assets on the balance

More information

ACQUISITION OF PARSONS BRINCKERHOFF

ACQUISITION OF PARSONS BRINCKERHOFF Freedom Tower (WSP) ACQUISITION OF PARSONS BRINCKERHOFF Building a Leading Global Professional Services Firm September 15, 2014 A final short form prospectus containing important information relating to

More information

Deutsche Wohnen AG.» Investor Presentation. September 2010

Deutsche Wohnen AG.» Investor Presentation. September 2010 Deutsche Wohnen AG» Investor Presentation September 21 1 » Agenda 1 2 3 4 Introduction to Deutsche Wohnen Portfolio Overview and Operations Financial Highlights Guidance and Strategic Objectives 2 » 1

More information

Share Capital Increase

Share Capital Increase Share Capital Increase Additional Information Pack Part 2 July 2014 Table of contents Margins and profitability - Interest earning assets decomposition 3 Asset quality - Recovery analysis 4 Capital - Q2

More information

Vitec Group RF Systems Consolidate and Grow. Gareth Rhys Williams, Alastair Hewgill May 2007

Vitec Group RF Systems Consolidate and Grow. Gareth Rhys Williams, Alastair Hewgill May 2007 Vitec Group RF Systems Consolidate and Grow Gareth Rhys Williams, Alastair Hewgill May 2007 Important notice This presentation is being made only to, and is only directed at, persons to whom such presentations

More information

H1 2014 RESULTS AND BUSINESS UPDATE

H1 2014 RESULTS AND BUSINESS UPDATE H1 2014 RESULTS AND BUSINESS UPDATE Strong top line growth of 104% in GMV and margin improvement for Proven Winners Rocket Internet s performance on track and in line with expectations foodpanda grew into

More information

QSC AG Company Presentation Results Q1 2011. Cologne, May 9, 2011

QSC AG Company Presentation Results Q1 2011. Cologne, May 9, 2011 QSC AG Company Presentation Results Q1 2011 Cologne, May 9, 2011 1 AGENDA 1. Highlights Q1 2011 2. Financial Results Q1 2011 3. Outlook 2011 4. Questions & Answers 2 MAJOR ACHIEVEMENTS IN 2011 UP TO NOW

More information

For personal use only

For personal use only RCG ANNOUNCES ACQUISITION OF HYPE DC 4 July 2016 RCG Corporation today announced: It has entered into a binding agreement 1 to acquire 100% of the shares in Hype DC Pty Limited, an Australian retailer

More information

X5 RETAIL GROUP TO ACQUIRE KOPEYKA DISCOUNTER CHAIN:

X5 RETAIL GROUP TO ACQUIRE KOPEYKA DISCOUNTER CHAIN: X5 RETAIL GROUP TO ACQUIRE KOPEYKA DISCOUNTER CHAIN: BUILDS ON SOFT DISCOUNTERS SUCCESS AND ADDS TO X5 S OPPORTUNITIES FOR LEADERSHIP, GROWTH AND VALUE CREATION LONG-TERM RUBLE FINANCING FOR TRANSACTION

More information

Gjensidige Insurance Group Q4 2008 and preliminary 2008

Gjensidige Insurance Group Q4 2008 and preliminary 2008 Gjensidige Insurance Group Q4 2008 and preliminary 2008 Disclaimer The information contained herein has been prepared by and is the sole responsibility of Gjensidige Forsikring BA ( the Company ). Such

More information

Sberbank Group s IFRS Results for 6 Months 2013. August 2013

Sberbank Group s IFRS Results for 6 Months 2013. August 2013 Sberbank Group s IFRS Results for 6 Months 2013 August 2013 Summary of 6 Months 2013 performance: Income Statement Net profit reached RUB 174.5 bn (or RUB 7.95 per ordinary share), a 0.5% decrease on RUB

More information

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK

Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO. February 10, 2016 ON THE RIGHT TRACK Conference Call Q3-2015/2016 GEROLD LINZBACH, CEO I DIRK KALIEBE, CFO February 10, 2016 ON THE RIGHT TRACK On the right track Heidelberg is on track - the improvement in results due to the strategic realignment

More information

Proposed Acquisition of FGL. Authority in Sporting Goods. Investor/Analyst Conference Call. May 9, 2011

Proposed Acquisition of FGL. Authority in Sporting Goods. Investor/Analyst Conference Call. May 9, 2011 Proposed Acquisition of FGL Will Create Canada s Ultimate Authority in Sporting Goods Investor/Analyst Conference Call May 9, 2011 1 Agenda Strategic Overview Financial Summary Stephen Wetmore Marco Marrone

More information

H1 2014 IFRS Results. August 2014

H1 2014 IFRS Results. August 2014 H 4 IFRS Results August 4 Important Notice By attending the meeting where the presentation is made, or by reading the presentation slides, you agree to the following limitations and notifications and represent

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q3 Earnings Call 26 November 2014

EUROPE S LEADING ONLINE FASHION DESTINATION Q3 Earnings Call 26 November 2014 EUROPE S LEADING ONLINE FASHION DESTINATION Q3 Earnings Call 26 November 2014 Results highlights and business update 1 CLEAR FOCUS ON EXECUTION Continued strong revenue growth above market (Revenue in

More information

NextGenTel Holding ASA The Kvantel acquisition. Eirik Lunde, CEO. Felix Konferansesenter Oslo, 15 October 2015

NextGenTel Holding ASA The Kvantel acquisition. Eirik Lunde, CEO. Felix Konferansesenter Oslo, 15 October 2015 NextGenTel Holding ASA The Kvantel acquisition Eirik Lunde, CEO Felix Konferansesenter Oslo, 15 October 2015 Agenda NextGenTel Growth initiatives the business segment Kvantel Company history in brief Products

More information

London Stock Exchange Symbol: PLUS

London Stock Exchange Symbol: PLUS London Stock Exchange Symbol: PLUS 1 Disclaimer The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe

More information

Gamenet Group 2014 Nine Months Results

Gamenet Group 2014 Nine Months Results Gamenet Group 2014 Nine Months Results Rome, November 28 th 2014 Disclaimer This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views

More information

For personal use only

For personal use only Acquisition of THG Expanding into Queensland April 2015 Disclaimer This Document should not be considered as an offer or invitation to subscribe for or purchase any securities in OTOC Limited ( OTOC or

More information

Saft Groupe SA Full year results 2014

Saft Groupe SA Full year results 2014 Saft Groupe SA Full year results 2014 Paris, February 18 th, 2015 Disclaimer This document contains certain forward-looking statements relating to the business, financial performance and results of the

More information

Travelex. Helping customers to send and spend money around the world. March 2014

Travelex. Helping customers to send and spend money around the world. March 2014 Travelex Helping customers to send and spend money around the world March 2014 Notice to Recipient THE INFORMATION CONTAINED IN THIS CONFIDENTIAL DOCUMENT ( PRESENTATION ) HAS BEEN PREPARED BY TRAVELEX

More information

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014 2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013

Focus on fleet customers SAF-HOLLAND Annual Financial Statements 2013 Focus on fleet customers SAF-HOLLAND Annual Financial Statements 213 Detlef Borghardt, CEO Wilfried Trepels, CFO March 13, 214 Agenda 1 Financials 3 2 Appendix 21 2 Executive Summary 1 2 3 Group sales

More information

Disclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.

Disclaimer. This document has been prepared by Tele Columbus AG (the Company) solely for informational purposes. Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on

More information

Telio & NextGenTel. NextGenTel Holding ASA. Q1 2015 Presentation. Eirik Lunde, CEO. Felix Konferansesenter Oslo 7 May 2015

Telio & NextGenTel. NextGenTel Holding ASA. Q1 2015 Presentation. Eirik Lunde, CEO. Felix Konferansesenter Oslo 7 May 2015 Telio & NextGenTel NextGenTel Holding ASA Q1 215 Presentation Eirik Lunde, CEO Felix Konferansesenter Oslo 7 May 215 This is NextGenTel Group Background Telio Pioneer in the Norwegian VoIP market rapid

More information

Interim report Second quarter 2015

Interim report Second quarter 2015 Interim report Second quarter 2015 Oslo, 20 August 2015 Presenters and agenda Agenda Hans-Petter Mellerud Founder and CEO Highlights for the quarter Financial performance Regional trends Nina Stemshaug

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Q3 2015 Earnings Call 12 November 2015 Results highlights and business update 1 ACCELERATING GROWTH THROUGH TARGETED INVESTMENTS Strong Growth revenue accelerates

More information

Thule Group Road Show Presentation. April-May 2016

Thule Group Road Show Presentation. April-May 2016 Thule Group Road Show Presentation April-May 2016 The Thule Group Vision Active Life, Simplified Slide 2 April 26, 2016 Thule Group AB (publ) Road Show Presentation, April-May 2016 We are a Global Premium

More information

Disclaimer. Important notice

Disclaimer. Important notice XXL ASA Q2 2015 Disclaimer Important notice The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated ( relevant persons

More information

RUNNINGBALL ACQUISITION INVESTOR PRESENTATION

RUNNINGBALL ACQUISITION INVESTOR PRESENTATION RUNNINGBALL ACQUISITION INVESTOR PRESENTATION TRANSACTION HIGHLIGHTS Proposed acquisition of RunningBall group, a leading provider of real-time sports data to the online sports betting sector Consideration

More information

Cross Country Healthcare Jefferies 2014 Global Healthcare Conference

Cross Country Healthcare Jefferies 2014 Global Healthcare Conference Cross Country Healthcare Jefferies 2014 Global Healthcare Conference JUNE 2014 Forward Looking Statements This presentation contains forward-looking statements. Statements that are predictive in nature,

More information

Established, profitable and growing security services business which will be one of the largest in WA;

Established, profitable and growing security services business which will be one of the largest in WA; 3 August 2015 Australian Securities Exchange (ASX) Level 40, Central Park 152-158 St George's Terrace Perth WA 6000 ACQUISITION OF PROFITABLE AND GROWING SECURITY GUARD BUSINESSES Red Gum Resources Limited

More information

St. Louis Investor Conference United States Sales Evan Athanas, Vice President, Sales United States Operations. June 2 nd, 2010 St.

St. Louis Investor Conference United States Sales Evan Athanas, Vice President, Sales United States Operations. June 2 nd, 2010 St. St. Louis Investor Conference United States Sales Evan Athanas, Vice President, Sales United States Operations June 2 nd, 2010 St. Louis, MO Brands Affordability Availability Retail Execution Cost to Serve

More information

DETAILED Q1 2015 RESULTS FOR PROVEN WINNERS

DETAILED Q1 2015 RESULTS FOR PROVEN WINNERS DETAILED Q1 2015 RESULTS FOR PROVEN WINNERS FOOD & GROCERY GLOBAL ONLINE TAKEAW AY GROUP: DELIVERY HERO Key Financials (EURm) FY 2013 FY 2014 Net revenues 41.7 88.0 % margin 111.2% Gross profit 32.8 71.1

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 Results highlights and business update 1 CONTINUED CLEAR FOCUS ON EXECUTION Strong revenue growth outperforms

More information

INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014

INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014 INTENTION TO FLOAT ( ITF ) Press release, 14/01/2014 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN This announcement is not

More information

Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215) 2012 Annual Results Presentation. 19 March 2013

Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215) 2012 Annual Results Presentation. 19 March 2013 Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215) 212 Annual Results Presentation 19 March 213 Disclaimer These materials have been prepared by Hutchison Telecommunications Hong

More information

Tabcorp Holdings Limited 2011/12

Tabcorp Holdings Limited 2011/12 Tabcorp Holdings Limited ABN 66 063 780 709 2011/12 Full Year Results Presentation 9 August 2012 A successful year Strong EBIT growth in challenging market conditions Key FY12 outcomes Completed demerger

More information

Alternative Networks plc Interim results for the six months to 31 March 2015

Alternative Networks plc Interim results for the six months to 31 March 2015 Alternative Networks plc Interim results for the six months to 31 March 2015 Edward Spurrier, Chief Executive Officer Mark Quartermaine, Chief Operating Officer (CEO Designate) Gavin Griggs, Chief Financial

More information

i:fao Acquisition Investor Presentation April 3 rd, 2014 2014 Amadeus IT Group SA

i:fao Acquisition Investor Presentation April 3 rd, 2014 2014 Amadeus IT Group SA i:fao Acquisition Investor Presentation April 3 rd, 2014 1 Disclaimer This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected

More information

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the

Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Filed by Mitel Networks Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Polycom, Inc.

More information

Conference Call Q2-2015/2016

Conference Call Q2-2015/2016 Conference Call Q2-2015/2016 DIRK KALIEBE, CFO November 13, 2015 Update strategy implementation: Services Consumables Sheetfed Digital Heidelberger Druckmaschinen AG 2 Update strategy implementation 1/4

More information

Introduction to Entertainment One. Investor overview

Introduction to Entertainment One. Investor overview Introduction to Entertainment One Investor overview eone is a leading global entertainment company Group overview Entertainment One Ltd. is listed in London, a constituent of the FTSE 250 Index capitalised

More information

Full Year Report 2005. 26 January 2006

Full Year Report 2005. 26 January 2006 Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains

More information

Earnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016

Earnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016 Earnings Conference Call Q1 2016 Update Wednesday, May 25 th 2016 These materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Credit

More information

X5 Retail Group Capital Markets Day

X5 Retail Group Capital Markets Day X5 Retail Group Capital Markets Day Presentation for Investors Janusz Lella 11 th October, 2013 General Director of Perekrestok 11 October 2013 Disclaimer This presentation does not constitute or form

More information

ONLINE TRAFFIC MONITIZATION EXPERT. 8 February

ONLINE TRAFFIC MONITIZATION EXPERT. 8 February ONLINE TRAFFIC MONITIZATION EXPERT 8 February 2015 1 About Us Who we are? We are an online performance marketing company What we do? We attract paying users from multiple online channels and direct them

More information

Conference Call on. Stefan Groß-Selbeck (CEO) August 13, 2009

Conference Call on. Stefan Groß-Selbeck (CEO) August 13, 2009 Conference Call on HY1 09 Results Stefan Groß-Selbeck (CEO) & Ingo Chu (CFO) August 13, 2009 Dr. Stefan Groß-Selbeck As CEO, Stefan heads Corporate Strategy, HR and Corporate Communications. He is also

More information

Creating an international pharmacy-led healthcare group

Creating an international pharmacy-led healthcare group 3 October 2005 Alliance Boots plc 1 Legal disclaimer This presentation does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any security, nor shall there be any

More information

Second quarter 2015 results August 20, 2015

Second quarter 2015 results August 20, 2015 Second quarter 2015 results August 20, 2015 Group highlights Q2 2015 Sales of 8.7 billion, up 17.1% (up 3.1% at constant exchange rates) Sales excluding gas up 4.8% at constant exchange rates Underlying

More information

First quarter 2015 revenue

First quarter 2015 revenue Listen-only live audio webcast available from www.gemalto.com/investors First quarter 2015 revenue April 30, 2015 Olivier Piou, CEO Jacques Tierny, CFO Disclaimer This communication does not constitute

More information

eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005

eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005 eaccess Limited 9427 Mid-Year Results for Fiscal Year Ending 3/2006 4/2005 9/2005 November 8 th, 2005 2 I. FY2005 Mid-Year Financial Results Overview Page 3 II. FY2005 Mid-Year Financial Results Page 8

More information

CURATING THE ASSORTMENT. Capital Markets Day 25 March 2015

CURATING THE ASSORTMENT. Capital Markets Day 25 March 2015 CURATING THE ASSORTMENT Capital Markets Day 25 March 2015 CUSTOMER EXPECTATIONS HAVE DEVELOPED SIGNIFICANTLY OVER THE LAST YEARS W O W! S H O P P I N G O N L I N E! W O W! A L L T H E P R O D U C T S I

More information

Deutsche Wohnen AG.» 1st Quarter 2010. Conference Call, 31 May 2010

Deutsche Wohnen AG.» 1st Quarter 2010. Conference Call, 31 May 2010 Deutsche Wohnen AG» 1st Quarter 2010 Conference Call, 31 May 2010 1 » Agenda 1. Highlights 2. Operative development 3. Financials 2 » 1 Highlights 3 » Capitalizing on the completed restructuring > Adjusted

More information

Geoff Miller CEO. GLI Finance. February 2014

Geoff Miller CEO. GLI Finance. February 2014 Geoff Miller CEO GLI Finance February 2014 1 Disclaimer IMPORTANT NOTICE These presentation materials (the "Presentation Materials") are being solely issued to and directed at persons who are qualified

More information

Conference Call Q1-2015/2016

Conference Call Q1-2015/2016 Conference Call Q1-2015/2016 DIRK KALIEBE August 12, 2015 Highlights Q1-2015/2016 Strategic reorientation is taking effect Good order situation, improved backlog Strong revenue growth due to solid order

More information

First Quarter 2015 Earnings Conference Call. April 28, 2015

First Quarter 2015 Earnings Conference Call. April 28, 2015 First Quarter 2015 Earnings Conference Call April 28, 2015 Forward-looking Statements This presentation contains forward-looking statements. These forward-looking statements include statements related

More information

Press release March 5, 2015

Press release March 5, 2015 2014 FULL YEAR RESULTS: GROWTH MOMENTUM CONFIRMED Acceleration of organic sales growth Further growth in Recurring Operating Income, up by +10.6% Net income from continuing operations up by +24.6% Increase

More information

Acquisition of RackForce Networks Inc.: The Largest Canadian Enterprise Cloud Service Provider. March 19, 2015

Acquisition of RackForce Networks Inc.: The Largest Canadian Enterprise Cloud Service Provider. March 19, 2015 Acquisition of RackForce Networks Inc.: The Largest Canadian Enterprise Cloud Service Provider March 19, 2015 Forward Looking Statements This presentation includes certain forward-looking statements that

More information

Hoist Finance announces its intention to launch an initial public offering and listing on Nasdaq Stockholm

Hoist Finance announces its intention to launch an initial public offering and listing on Nasdaq Stockholm Press release Stockholm 26 February 2015 Hoist Finance announces its intention to launch an initial public offering and listing on Nasdaq Stockholm Hoist Finance AB (publ) ( Hoist Finance or the Company

More information

McKesson Corporation J.P. Morgan Healthcare Conference

McKesson Corporation J.P. Morgan Healthcare Conference McKesson Corporation J.P. Morgan Healthcare Conference John Hammergren Chairman and Chief Executive Officer January 13, 2015 Forward-Looking Statements Some of the information in this presentation is not

More information

Building out the Global Leadership in Online Takeaway

Building out the Global Leadership in Online Takeaway Building out the Global Leadership in Online Takeaway - The Leading Global Internet Platform Outside the US and China Increase in DH Ownership to Close to 40% Direct foodpanda Majority Ownership Yemeksepeti

More information

UniCredit German Investment Conference. September 23 rd, 2008

UniCredit German Investment Conference. September 23 rd, 2008 UniCredit German Investment Conference September 23 rd, 2008 1 » Agenda Deutsche Wohnen at a glance Operational Update Financial Highlights Targets and Outlook 2 » Who we are Deutsche Wohnen AG is an active

More information

AUSTRIAN POST INVESTOR PRESENTATION Q1 2016. Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016

AUSTRIAN POST INVESTOR PRESENTATION Q1 2016. Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016 AUSTRIAN POST INVESTOR PRESENTATION Q1 2016 Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016 1. HIGHLIGHTS AND OVERVIEW 2. Strategy Implementation 3. Group Results Q1 2016 4. Outlook 2016 INVESTOR

More information

ASX Statement & Media Release

ASX Statement & Media Release ASX Statement & Media Release 2 June 2016 Companies Announcements Office Australian Securities Exchange CARDNO LIMITED LAUNCHES FULLY UNDERWRITTEN A$92.5 MILLION CAPITAL RAISING TO REDUCE DEBT AND LOWER

More information

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014

QSC AG. Company Presentation. Results Q1 2014 Cologne, May 12, 2014 QSC AG Company Presentation Results Q1 2014 Cologne, May 12, 2014 AGENDA 1. Highlights Q1 2014 2. Financial Results Q1 2014 3. Outlook 2014 4. Questions & Answers 2 2014 STARTED AS EXPECTED Two-track development

More information

2016 Q1 Earnings Conference Call. 2015 TeraGo Networks Inc.

2016 Q1 Earnings Conference Call. 2015 TeraGo Networks Inc. 2016 Q1 Earnings Conference Call Forward Looking Statements This presentation includes certain forward-looking statements that are made as of the date hereof and are based upon current expectations, which

More information

Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities

Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities Acquisition of CIT's Canadian Equipment Financing & Corporate Financing Activities June 29, 2016 laurentianbank.ca 1 Prospectus Information A preliminary short form prospectus containing important information

More information

4Q & FY 2015 DIXY Group Investor Presentation

4Q & FY 2015 DIXY Group Investor Presentation 4Q & FY 2015 DIXY Group Investor Presentation Disclaimer THESE MATERIALS DO NOT CONSTITUTE A PROSPECTUS OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF ANY OFFER TO PURCHASE

More information

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014

O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 Press Release 19 March 2015 O KEY GROUP ANNOUNCES AUDITED FINANCIAL RESULTS FOR 2014 O KEY Group S.A (LSE: OKEY), a leading food retailer in Russia, today released audited consolidated financial results

More information

Franconia Portfolio. Acquisition of 5,042 residential and 209 commercial units with a focus on Berlin. September 2, 2014

Franconia Portfolio. Acquisition of 5,042 residential and 209 commercial units with a focus on Berlin. September 2, 2014 Franconia Portfolio Acquisition of 5,042 residential and 209 commercial units with a focus on Berlin September 2, 2014 Innovative Traditional Acquisition Strategy Reputation & customer satisfaction 1 2

More information

Grocery Retailers in Turkey

Grocery Retailers in Turkey Brochure More information from http://www.researchandmarkets.com/reports/1668358/ Grocery Retailers in Turkey Description: Grocery retailers registers a slightly higher growth than 2013 in current value

More information