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    Task 2 Template

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    imanupkrmishra007
    task 22

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    Task 2 Template

    Uploaded by

    imanupkrmishra007
    2 views2 pages
    task 22

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    task 22

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    2 views2 pages

    Task 2 Template

    Uploaded by

    imanupkrmishra007
    task 22

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 2

    CONFIDENTIAL

    HappyHour Co. Company Profile

    Leading producer of beer, spirits and non-alcoholic beverages in Singapore & Malaysia growing current operations

    Overview
    Key financials
     Asia bases producer of beer , spirits , and non- alcoholic beverages.
    US$mm FY18A FY19A FY20E
     Operations include manufacturing, distribution, and direct sales in Revenue 900 961 1,071
    Singapore (HQ), Malaysia (manufacturing is outsourced to Brew.co.), and Growth
    (%) 7% 11%
    china.
     Recently expanded operations to china and has expansion plans for Beer 100 110 135
    Cambodia.
    ile
    rtT
    a
    h
    C

    Spirits 75 85 105
    Non-alcoholic
     Majority owners and co-founders Ms. Happy looking to exit with no close beverages 50 55 60
    family inherit the business EBITDA 225 250 300
     Key strengths: Margin(%) 25% 26% 28%

     Largest beer and spirits company in Singapore & Malaysia. NPAT 135 153 193
     Largest non-alcoholic beverages in Malaysia. Margin(%) 15% 16% 18%
    Indicative valuation
     Developed a strong supply chain with strong relationship with distributors.

    shareholders
    US$mm
    2020E EBITDA
    20%
    Growth (%)

    20% 60% EV/EBITDA Multiple


    Valuation Range 3,000-3500

    Happy Family Hour Family Co Family


    1

    Source:Notes on HappyHour co v3
    CONFIDENTIAL

    Overview of auction process and key workstreams

    Date Event Key workstreams


    Mar 9, 2020 Access to indicative Bid Documents Valuation
     Initial valuation analysis based on indicative bid
    documents
    9am Apr 9,2020-5pm Indicative Bid Q&A submission Due Structure and financing
    Round 1:
    Indicative Bid Apr  Begin financing discussion
    Phase
    13,2020 (HKT) Approvals
    5pm May Indicative Bid Due  Collect and confirm required approvals
    13,2020(HKT)

    Late May 2020 Start of Final Bid Phase Site visit & management presentation
    Release of Process Letter Two  Organize site visit and presentation
    Due diligence
     Conduct due diligence based on new information
    collected
    Round 2: Final  Organize Q&A Submissions
    Bid Phase Late July 2020 Final Bid
    Valuation
     Finalize valuation based on the financial forecasts
    Financing
     Confirm sources for financing

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