Investor Presentation
Well-positioned to pursue value accretive acquisitions
Structured screening process converting to an attractive shortlist of targets
PROVEN ACQUISITION TRACK-RECORD
27
# of acquisitions
completed since
2011
Well-established processes
in place to integrate
acquired companies
Dedicated team to drive
execution of M&A agenda
~4-6x
Avg. EV/EBITA
multiple for
acquired companies
(pre-synergies)
Attractive acquisition
multiples realised due to
targets being sub-scale or
niche-focused
7
Highly actionable
targets
Pipeline of 7 highly
actionable acquisition
targets identified
Expansion to new countries
Source: Company information
viewed as particularly
interesting
STRUCTURED SCREENING OF POTENTIAL TARGETS
Bolt-on
acquisitions
in existing
markets
New
regions
New
markets
Service line
extension
Gross list of ~100
~50 screened
CURRENT LIVE TRANSACTIONS
Countries with live transaction
Polygon Europe & North America
Target
#1
Annual sales (~EURM)
22
22
#2
17
~25 contacts made
#3
15
#4
14
#5
4
~7 live
#6
#7
3
2
Pricing
discipline
Service line extension
Regional density
PROFILE OF THE CLEAR EUROPEAN LEADER POLYGON 18View entire presentation