Allegro Acquisition of Mall Group Presentation
Allegro's mid term ambitions to transform and grow Mall Group (2022-2025)
Marketplace
transformation
GMV
MALL GROUP (2022-2025)
3P GMV share rising from 10% in Sep-21 to at least 2/3rd of GMV
Revenue
Adjusted EBITDA
Capex and FCF
Transaction costs
Mid-term growth at -30% CAGR, accelerated by the deployment of Allegro's marketplace across Mall Group's markets
Single-digit mid-term CAGR, driven by shift towards growing 3P take-rate and advertising revenue while 1P operations
are relatively stable
2 years of investment in retail basics and marketplace transformation; climbing towards 2.5-3.0% of GMV thereafter
PLN ~300m p.a. capex driving FCF-negative profile over the first 2 years; Capex stabilizing at 1-2% of GMV and FCF
turning positive in outer years
PLN ~52m³ transaction costs expected at closing
1. As announced on 4 March 2021
2. After Delivery Experience roll-out
3. Of which PLN 8m accrued to H1 2021
Source: Company information
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