OnesSpaWorld SPAC slide image

OnesSpaWorld SPAC

SITUATION OVERVIEW - ■ Haymaker Acquisition Corp. (“We”) was formed with the mandate to consummate an attractive transaction in the consumer, media, retail and hospitality spaces ■ We strongly believe we have identified a highly attractive opportunity which we will preview with you today ■ OneSpaWorld ("OSW" or the "Company") is a global leader in outsourced health and wellness services across the leisure industry and one of the largest health and wellness companies in the world FOR - ONESPAWORLD AT SEA. ON LAND. Calendar year 2019E revenue and Adj. After-Tax Unlevered Free Cash Flow¹ of $573M and $55M respectively based on 168 ships and 71 resorts ■ Highly-dependable, uniquely-visible revenue growth and profitability make OSW an ideal candidate for public OSW is an asset-lite, high cash flow business service platform with a deeply entrenched market position and remarkably attractive economics markets 84% (and growing) market share in a highly attractive industry benefitting from global consumer megatrends ~95% historical contract renewal rate with 5-year average contract life Minimal capex and attractive tax status deliver exceptional after-tax free cash flow - ■ Haymaker's highly qualified management team will add significant value to the business Extensive C-suite investing and operational experience at Fortune 500 companies, particularly in the consumer and hospitality sectors, which will bolster OSW's already-stellar management team Deep public board experience having collectively served on the boards of a dozen public companies 1. Adjusted After-Tax Unlevered Free Cash Flow calculated as (Adjusted EBITDA - Avg. of 2015-20 Capex - Cash Taxes). 2
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