BakeryCo Case Study By Bárbara Bello & Ignasi Castañ Presentation outline 1. Investment Thesis 2. LBO Valuation Model Question 1 Investment Thesis Leveraged Buyout Acquisition Distribution Market Leading Position 17 state-of-the-art factories 87% of EBITDA Spanish contribution Branded pastries: c.63% of total sales Sliced breads: c.17% of total sales #1 in Spanish and Portuguese Branded pastries market Sliced breads market International exposure Fast Growing Segments Customer Reach 130,000 daily basis 3,100 employees Title Goes Here Market Leading Share Highest market share in both Spain and Portugal branded pastries 4 There are many variations of there passages of lorem ipsum available. CAGR 2005-09 5.7% High Production Capacity Still room for increased demand Customers Logistics Traditional distribution: (51%) HORECA Modern distribution: (49%) Value Creation Levers BakeryCo LBO Acquisition Capital –Efficient Profitable Growth Key Elements Profitability Advantage Title Goes HereOpportunities Revenue Growth Factory capacity not at full There are many variations capacity of passages of Lorem Able to absorb demand Ipsum available. quickly Demand increase: CARG 5.7% Sliced Bread Segment: 7% Branded Pastry Segment: 5% Cost Savings: COGS and Distribution Potential costs savings 5 EBITDA potential growth There are many variations of passagesfrom of. a double profitability advantage Capital Efficiency as large presence in the direct channel (high margins) 6 Facility Production Fast-Intake Cost Savings Potential in two income statement elements Positioned largely in the high margin segment Opportunities Data Question 2 - LBO Valuation Model
