Investor Presentaiton
Transaction Summary
DD3
ACQUISITION CORP.
Betterware
Transaction
highlights
Key Terms
Enterprise value of ~US$367mm (transaction implied multiple of 8.6x and 7.0x 2019P and 2020P EBITDA,
respectively)
■ Current Betterware shareholders expected to remain ~80% owners of the combined company, while current
DD3 shareholders will hold the remaining stake¹
Closing of the transaction expected in the fourth quarter of 2019
~US$56.2mm from DD3 Acquisition Corp's cash in trust¹
■ Initial ~US$26mm primary proceeds for capex expenditure, new distribution center, possible deleverage and
corporate purposes
■ Issuance of at least 28.7mm shares and up to a maximum of US$30mm cash consideration to current
Betterware shareholders
Governance
Other Details
Current Betterware's management will continue to run the business of the combined company, and Luis
Campos and Andrés Campos will continue to act as Chairman and CEO
■ Martin Werner and Guillermo Ortiz will be members of the board of directors
Combined company to be named Betterware de Mexico
Betterware will report under IFRS basis and is expected to remain listed on Nasdaq
DD3 shareholders' approval required
Initial proxy expected to be filed in August 2019
1. Assuming no redemptions from trust account
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