Investor Presentaiton
Purchase Price USD 126 million plus earn-outs
The fixed Consideration represents an EV/EBITDA multiple of 6.0x
Media and Games
Invest
Transaction structure
Mizard
PIRATE
101
IOI
Purchase price table
USDM
EV/EBITDA
•
FY 2021 Guidance for Kingslsle: Revenues
Closing Consideration Payment
63
3.0x1
Deferred cash consideration
63
3.0x1
•
(i) Deferred payment on 30 June 2021
25,2
4.2x1
(ii) Deferred payment on 31 December 2021
12,6
4.8x1
•
(iii) Deferred payment on 30 June 2022
25,2
6.0x1
Total fixed consideration
126
6.0x1
•
Earn out consideration
84
(i) Earn Out, if revenue 2021 ranges between USD 30-
35m
10
6.5x1
of USD 32 million; EBITDA of USD 21
million
The fixed Consideration represents an
EV/EBITDA multiple of 6.0x¹
Taking into account the Earn-Out
Consideration, the EV/EBITDA multiple
may differ to a range of. 5.8x - 7.3x1,2,3
The fixed deferred Consideration will be
paid using liquidity and cash flow of the
MGI Group
(ii) Earn Out if revenue 2021 is more than USD 35m
32
7.3x²
(iii) Earn Out, if revenue 2021 is more than USD 55m
Up to total consideration
42
5.8x3
210
5.8x3
Note: 1) Based on the current EBITDA Guidance 2) Based on USD 23m EBITDA 3) Based on USD
36m EBITDA
KINGSISLE.
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