INVESTORS PRESENTATION

Derichebourg Multiservices Contribution to Elior Group

DECEMBER 20TH, 2022

DISCLAIMER

  • The material contained in this document presents Derichebourg's current transaction with Elior as of December 20th, 2022. It is provided in summary form and does not purport to be complete. It should be read in conjunction with the Group's periodic reporting, registration document, and other announcements lodged with the Autorité des Marchés Financiers. Additional information about factors which may impact Group's results are contained in the registration document, which is available on www.derichebourg.com and which can also be requested from the company.
  • To the extent that this document may contain forward-looking statements, such statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control and which may cause actual results to differ materially from those expressed in the statements contained in this release.
  • This document is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation, or needs of any particular investor.

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1. Transaction overview

1 TRANSACTION OVERVIEW

Derichebourg to crystalize the Multiservices division value and reinforce its shareholding position in Elior

Pre transaction

Derichebourg Group

Other shareholders

~24%

~76%

100%

Shares

Derichebourg Multiservices

Elior Group

(DMS)

Asset contribution

Post transaction

Derichebourg Group

Other shareholders

48.4%

51.6%

Elior Group

Consolidation of Elior through the equity method

Key transaction terms

  • Contribution by Derichebourg Group of its Multiservices business (DMS) in exchange for Elior's new shares
  • Valuation of Derichebourg Multiservices: €450m (Enterprise value post IFRS-16)
  • Elior's share price: €5.65
  • Derichebourg Group's stake in Elior after the transaction: 48.4%
    • No intention from Derichebourg to launch a public takeover bid on Elior
  • Governance:
    • Daniel Derichebourg to become Chairman & CEO of Elior Group at closing and be replaced from his position as Derichebourg CEO by Abderrahmane El Aoufir
    • Elior Board of Directors to be composed of 5 independent members, 5 members appointed by Derichebourg Group, and 2 members representing the employees
    • Reinforced or qualified majority on the more strategic decisions

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1 TRANSACTION OVERVIEW

Next steps

1

Signing of the Memorandum of Understanding

2

Works Council information-consultation

1st quarter 2023

+

3

Signing of the Combination Agreement

1st quarter 2023

4

Elior's Extraordinary General Meeting (EGM)

April-May 2023

5 Closing

April-May 2023

Conditions precedent:

  1. Antitrust approval
  2. French market authority (AMF) waiver on the mandatory tender offer
  3. EGM approval (2/3 of the votes; Derichebourg not participating in the vote)
  4. Others

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Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.

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Disclaimer

Derichebourg SA published this content on 20 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2022 15:48:08 UTC.