Despegar Mergers and Acquisitions Presentation Deck
DESPEGAR
Transaction Structure, Valuation Multiples and Timeline
Enterprise Value 1
& Stake Acquired
Valuation Multiples
(over 2019E) 2
Payment Structure 3
Board and Key
Executives
Expected Closing
136 mUSD
100% ownership stake
EV/Revenues: 0.97x
EV/EBITDA: 17x
1st Payment - 65% @ Closing
2nd Payment - 6.3% @ 24 months after Closing
3rd Payment - 28.7% @ 36 months after Closing
Continuity of the CEO and Key Executives
Current Board President will continue as Member of the Board of Best
Day
Closing expected during 1H20, subject to customary
conditions, including approval of relevant antitrust
authorities
1: Purchase price will be a result of adjusting Enterprise Value by Net Indebtedness and Target level of Working Capital
2: 2019 estimated figures (Proforma unaudited)
3: 3rd Payment will have upside or downside adjustment based on future Target/ DESP performance, for approximately up to +/- 10% of Enterprise Value
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