MOA Meeting Slides

Moa Group Limited
Special Shareholder Meeting
12
th
March 2019
Approval of Savor Group Acquisition

Key Decisions for Todays Meeting
1.Approve the acquisition of Savor Group
2.Issue ordinary shares in Moa Group to the vendors of Savor Group
3.Acquisition and cancellation of ordinary shares in Moa Group from the Vendors
of Savor Group
4.Elect Lucien Law as a Director of Moa Group Limited
5.Elect Paul Robinson as a Director of Moa GroupLimited

Savor Group –Premium hospitality, great talent and will open up
many new opportunities for Moa Group

Combined Entity -Synergies and Innovation
On Premise Beer GrowthMoa Bar Developments

Drives Moa through to profitability –a big step forward
$40m +
Revenue*
$3.6m
EBITDA*
*Expected metrics for FY20
The business units will be run separately with some head office synergies.

Like all things there are some risks to be aware of....

The deal will see Moa acquire business assets, equipment, stock and
goodwill, as well as Savor Group’s intellectual property.
18
th
March 2019
Rights issue opens
1st April 2019
Settlement Date
5th April 2019
Rights issue closes

The base purchase price of $13.0m represents a x3.6 multiple of expected
FY20 EBITDA including $400,000 of assumed debt
Base Purchase Price
$13.0m
60% Cash
40% Shares
Additional Payment
$5.4m
60% Cash
40% Shares
EarnoutFY20-FY21
Maximum $3m*
100% shares
*If agreed earnings targets are not met over FY20 and
FY21 up to $3m of shares may be clawed back from the
vendors

It is exciting to offer both Lucien Law and Paul Robinson a seat on our Board
Lucien Law
Paul Robinson

Questions and Answers
Q How will the deal benefit the company by adding value over the short and medium term ?
A Our presentation today together with the additional detail in the Notice of Meeting outlines how
the purchase of Savor will benefit the company. In summary value will be added by creating brands
and venues.
Q Are there any agreements preventing Moa being poured in the Savor venues ?
A Good example of this is the Fish Market where Moa beers are poured alongside other brands. We
believe consumers should be able to make their own choices and we are not obsessed with pouring
only our brands. There are other contracts in place.
Q Are you happy with brewing capacity ?
A We have our own brewery which is smaller and make our volume products at B Studio in Napier
and McCashinsin Nelson. We are comfortable that we have brewing capacity for the business.

Formal resolutions
1.To approve the acquisition of SavorGroup.
2.To approve the issue of ordinary shares in Moa Group Limited to the vendors of
SavorGroup.
3.To approve the acquisition and cancellation of ordinary shares in Moa Group
Limited from the vendors of SavorGroup, in the limited circumstances
described in the notice of meeting.
4.To elect Lucien Law as a director of Moa.
5.To elect Paul Robinson as a director of Moa.