OnesSpaWorld SPAC
SITUATION OVERVIEW
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■ 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
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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
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■ 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).
2View entire presentation