ELITE London Stock Exchange Group - Maven Associates
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ELITE – Supporting Ambition & Growth Global leader in supporting SMEs. Helping ~1000+ companies from 40 countries to ELITE is an ecosystem, outperform their industry peers through a learning and proven, customizable approach. networking platform Gateway to connections, partnerships, and helping ambitious opportunities. Part of London Stock Exchange Group, it’s a hub to access a wide private companies community of partners, advisers, investors and other stakeholders. prepare for the next stage of growth, scale Ability to support companies throughout their lifecycle. Committed long-term strategic up and access capital. partnership and high impact with tangible benefits for companies, partners, their community, and the midmarket ecosystem. Page 2
A global community ELITE brings together key stakeholders, investors, advisers and companies at a local and global level. 40+ COUNTRIES 1000+ COMPANIES WORLDWIDE WORLDWIDE 2000+ 200 INVESTORS ADVISORS $80+bn AGGREGATE REVENUES Page 3
International growth of the ELITE community Launched in 2012, ELITE has over 1000 companies enrolled and is growing rapidly. 40 COUNTRIES 1070 1070 COMPANIES 673 416 276 180 101 48 2012 2013 2014 2015 2016 2017 2018 ELITE Companies Page 4 *year to date
Diverse Company Network 1070 40 $81bn 472,000 36 COMPANIES COUNTRIES AGGREGATE EMPLOYEES SECTORS REVENUE 20 2018 Industrials 24 €500M Oil & Gas Page 5
International Community of expert partners 1070 200+ 200+ ELITE companies ELITE Partners ELITE Investors Page 6
ELITE endorsed by G20 “ELITE has become a global model in boosting companies' growth and access to the market for capital. The B20, the forum of companies in the G20, has included ELITE as an example to follow in policy papers for Governments to be presented Friday in Buenos Aires. Created in 2012 in Italy, ELITE is the London Stock Exchange Group's exclusive business support and capital raising program, led by CEO Luca Peyrano” Page 7
Growth Program CORE MODULES: ELITE companies go 1. Strategy (strategy formulation, execution & organisation) 2. Structure (governance, risk mgmt, efficient operations through a structured 12 and processes) month programme – 3. People (talent mgmt, resource mgmt, leadership and org. structure) delivered through a 4. Market (market orientation, internationalisation and number of modules, digitalisation) 5. Finance (thinking strategically about growth funding; customized to the cohort accessing capital) needs. These are Additional MODULES delivered on demand: Companies delivered jointly with select additional workshops to attend, for example, academic partners, innovation, entrepreneurship, IPO, Trade Sale & Exits advisers, investors and MENTORSHIP: Companies can also have mentors assigned business leaders. to address a specific area of developing their business. Page 9
ELITE is for the Management Team Vision Become a leading global brand providing high performance solutions enabled by Additive Manufacturing Mission Putting Additive Manufacturing at the heart of everything we do Page 10
Company access requirements ELITE serves the most exciting and ambitious businesses with $5m of revenue or greater, strong business model, clear growth strategy and the commitment to implement useful changes for development. High quality and ambitious company Evidence of past growth and future potential ELITE Commitment to participate in the programme and ACCESS motivated to implement valuable changes REQUIREMENTS Desire to obtain funding in the future to accelerate growth Credible company management ELITE reserves the right to allow companies to join and/or continue as members of ELITE, taking into consideration the macroeconomic situation, the characteristics of the sector and any temporary or extraordinary circumstances affecting the applicant. Page 11
Recruitment & On-Boarding • Eligible ELITE companies are identified by local stakeholders, desk research, and commercial partners in regional or bespoke cohorts • Once onboarded every company conducts ‘ELITE Growth Compass’ assessment and is introduced to their dedicated Relationship Manager Approval Growth First ELITE Digital from ELITE Acceptance Compass Module – Recruitment Application Admission onto ELITE Digital Core Form committee Assessment Strategy Page 12
ELITE – Internatioalisation Page 13
ELITE International Roadshows 2019 ❑ April 2019 – London, UK Shenzhen Stock Exchange (CHINA) companies visit to London ❑ June 2019 – Ohio & Chicago, USA Mid-West, International ELITE Companies Roadshow - Business matching and Investment ❑ August 2019 – Shenzhen & HK, China International ELITE Companies Roadshow – Business matching and Investment ❑ October 2019 - London, UK ELITE Day – London - Global Conference ELITE ❑ Nov/Dec 2019 - Brazil International ELITE Companies Roadshow - Business matching and new markets Page 14
ELITE Impact Analysis Page 15
ELITE Company Revenue Growth ELITE Companies Generate 2-7x that of peers Revenue ELITE Benchmark Growth Industrials 29% 13% Consumer 28% 14% Goods Technology 28% 4% The analysis involves the financial data of companies that joined ELITE program from 2012 to 2015. Within this subset of companies, the three major industries (Industrials, Consumer Goods and Technology) were identified, and these companies were selected for analysis. Benchmark companies were also selected using quantitative criteria in order to mirror the composition of the ELITE basket of companies*. Page 16 *Companies were chosen to lie within a range within 50% of the sample mean of ELITE companies’ 2016 revenue, EBITDA%, EBIT%, average number of employees, and net profit.
ELITE Company Employee Growth ELITE Companies Create 2-4x as many jobs as peers Employee ELITE Benchmark Growth Industrials 36% 8% Consumer 27% 16% Goods Technology 46% 18% The analysis involves the financial data of companies that joined ELITE program from 2012 to 2015. Within this subset of companies, the three major industries (Industrials, Consumer Goods and Technology) were identified, and these companies were selected for analysis. Benchmark companies were also selected using quantitative criteria in order to mirror the composition of the ELITE basket of companies*. Page 17 *Companies were chosen to lie within a range within 50% of the sample mean of ELITE companies’ 2016 revenue, EBITDA%, EBIT%, average number of employees, and net profit.
ELITE companies impact * 40% 35% 36% 30% 32% 29% 25% 20% 15% 10% 16% 16% 14% 5% 7% 6% 5% 0% 1Y in ELITE 2Y in ELITE 3Y + in ELITE Δ% Revenues Δ% EBITDA Δ% Employees We have monitored our companies’ financial performance since they joined the ELITE ecosystem. Results show that the longer the ELITE Companies have been operating within our community, the higher their growth rates in relevant fields such as Revenues, EBITDA margin and Employees. * All these delta are given as a result of internal analysis and are excluding outliers financials that could potentially invalidate the statistics Page 18
Our companies… VIDEO - https://www.elite-network.com/private- companies/programmes/united-kingdom “…..has been fantastic in “…enable us to achieve our giving us the time and ambitious plans for Tharsus’ future structure to think about long growth….access to many leading term strategic planning…..” subject matter experts….” Jordan Mayo, CEO of Profile Brian Palmer, CEO of Tharsus “…..come from every session Pensions with 2-3 things I can implement in my business…..” Justine Roberts, CBE CEO and Founder of Mumsnet “….It's been inspiring to share challenges, opportunities and experiences with other “…we have gained expertise and high growth companies. We've covered “…increased our awareness of different forms of funding and confidence allowing us to continue to everything from international expansion, to what needs to be done to prepare place technology at the heart of our company culture and financing.” for each…” business and aspire to build a world Lucy Greggains , CFO, Unruly Media Graeme Malcolm, CEO of M Squared Lasers class operation….” Anthony Fletcher, CEO of Graze Page 19
ELITE Companies Access Capital Highlights 883 Corporate transactions involving 321 ELITE companies 30% ELITE companies completed a corporate transaction* $12bn transaction value by ELITE companies** M&A, Equity investments and Joint Ventures Capital Markets (Equity and Debt) ▪ 725 M&A and JV deals involving 277 ELITE ▪ 45 ELITE companies issued bonds raising companies $1bn ▪ 188 PE/VC transactions involving 117 ELITE ▪ 24 ELITE companies listed on a public market, companies raising $1.6bn Page 20 * Corporate transactions include: M&A, JV, PE and VC deals, IPO ** Disclosed figures based on: PE/VC Deals (Zephyr and Beauhurst data), IPOs and Bond Issues (LSEG data) Data period covers 1 January 2012 – 20 December 2018
ELITE Why Ohio & Launch Page 21
A global community of local businesses WHY OHIO? – First choice for ELITE USA 2 hr flight / 1 day drive GDP $650bn+ = nearly 2/3 1m SME’s of the US economy Central Location Page 22
ELITE USA launched in Ohio at ELITE DAY Page 23
Content Partners for ELITE Ohio Page 24
ELITE – Ohio Launch Dec 5th 2018 10 Companies from SE Ohio • 7 diverse sectors from the SE Ohio economy including: Staffing, Industrials, Tech, Construction, Retail, Healthcare and a Municipality Page 25
ELITE – Ohio First Cohort Big Sandy Superstore Big Sandy Superstore is today one of the nation's top 100 Location: Athens, Ohio furniture retailers. Sector: Retail Jackie O’s Jackie O's Pub & Brewery is a craft brewery. Founded in 2005, Location: Athens its beer has been recognized and enjoyed internationally. Sector: Brewing InfoSight InfoSight Corporation manufactures industrial marketing Location: Chillicothe equipment for manual and automatic identification and Sector: Manufacturing traceability applications. QuickLoadz QuickLoadz has developed a solution for moving shipping Location: Nelsonville containers with the truck's trailer doing all the work. Sector: Logistics Holzer Holzer Health System in southeastern Ohio for multiple services Location: Gallipoli such as urgent care, primary care, cancer care, assisted living Sector: Healthcare and birth care. City of Athens, Ohio Located on the Hocking River in the southeastern part of Ohio, Location: Athens Athens is the principal city of the Athens, Ohio Micropolitan Sector: Municipality Statistical Area. Stockmeister Enterprises Stockmeister Enterprises, Inc. was founded in 1991. The Location: Jackson company's line of business includes the construction of Sector: Industrial nonresidential buildings. Petland Petland is an operator and franchisor of pet stores, operating Location: Chillicothe 131 stores in the United States, and at least 63 in foreign Sector: Consumer goodsX markets. The Drugstore ThePharmacy4U is a full-service retail pharmacy chain Location: Obleness consisting of four outlets across Southeastern Ohio and West Sector: Consumer goods Virginia. RSS RSS delivers staffing services that hold distinguishable value to Location: Jackson our clients, employees, and important stakeholders. Sector: Support services Page 26
ELITE – Ohio Testimonials & Survey Survey Results Ohio Session 1 Pratical Application Workshop Delivery Innovation Innovation Culture Branding Strategy Session Strategic Thinking Program Overview 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 “The LSE’s Elite Program has already provided us with a deeper understanding of our future growth options and access to customers and resources in our market that we would have been unable to reach without their assistance. We are looking forward to our future with Elite and how we may better serve our clients.” Seth Stockmeister – CEO Stockmeister Enterprises Page 27
ELITE Ohio Launch Press Coverage Global, Regional, Local Page 28
ELITE Bespoke Partner Lounge Page 29
Private “ELITE Lounge” proposition We are able to create a dedicated co-branded “Lounge” platform designed to jointly support companies on their growth journey and provide access to a range of funding options. ELITE Partners will have an opportunity to strengthen its offering for clients and promote its activities to gain more opportunity. What’s in it for ELITE Partner? Competitive Showcasing Revenues Advantage ELITE Partner • ELITE Partners enter into a strategic • Supporting companies through their • ELITE Partner position supporting partnership with ELITE and create a scale up journey will yield direct SMEs is further enhanced. unique value added service to its increase in sales as ELITE Partner • Increased PR and media coverage. current and prospect clients. gains a better understanding of its • Distribute thought leadership and clients needs and they accelerate their showcase its’ innovative abilities. • ELITE Partner will raise it’s profile to growth. • Dedicated online communications the community of entrepreneurs, • Allowing more efficient cross-selling, and events with ELITE Partner. private and listed businesses, as up-selling and long term relationship well as the wider ecosystem. building. • New business development opportunity due to increased exposure a differentiating value proposition. Page 30
How does it work? Marketing Companies Companies Identify clients to Event and go through 12 remain in put forward to the launch of month ELITE Lounge ELITE Partner programme community Lounge 10-20 companies in a ELITE Partner & ELITE to ELITE Partner delivers Companies remain in the year, typically with £5m- have landmark event at relevant sessions in the ELITE ecosystem allowing £500m in revenue on a with the first set of programme and regularly continued engagement rolling basis as and when companies jointly and engages with the with peers, advisors and they are ready. Select issue a press companies. stakeholders existing clients to get announcement about closer engagement. the partnership. Dedicated online ELITE companies also environment for ELITE have continued access to Ongoing media Partner community. ELITE digital platform, Identify potential clients exposure as companies Mentorship and clinics ELITE events, including from existing networks or in the programme refer to scheme. and international new networks and use the ELITE-ELITE Partner roadshows, ELITE Day programme to help Lounge in the interviews and ELITE solutions convert into a paying with the press. including capital raising client. and business matching Page 31
Successful Lounge Partnerships Partners benefit from • + Deeper client relationships +• Increase in cross selling opportunities +• Differentiated value proposition for clients +• Increased profile as champion of Mid-Market +• Wider stakeholder engagement Page 32
What do Lounge partners say? Domenico Fumagalli, Senior Partner at KPMG “We have eagerly partnered with ELITE to develop a Lounge focused on M&A and international growth. As KPMG, we offer the Lounge the best of our expertise in terms of solutions, insights and approach to an integrated management for all different kind of businesses: strategy, finance, governance, innovation. I strongly believe that all the companies taking part in the ELITE-KPMG Lounge have become more mature and aware of their own strategic choices necessary for the acceleration of their growth.” Regina Corradini, Head of Corporate Banking at BNL, “Research and Development with the support of appropriate financial resources underpins the innovation process and is essential for competitive position and business growth. For this reason BNL has developed and Lounge focused on ‘innovative companies’ in partnership with ELITE facilitating companies access to training courses, specialist know-how and expertise that is vital for business growth, both in Italy and abroad.” Nicola Sturgeon, First Minister of Scotland “Scottish businesses have benefited from the ELITE programme, a fantastic programme in my view, that prepares ambitious companies to plan and prepare for growth, providing them with access to world-class advisers and business leaders, helping them to raise funds from investors”. Page 33
Disclaimer This document contains text, data, graphics, photographs, illustrations, artwork, names, logos, trade marks, service marks and information (“Information”) connected with ELITE S.p.A. (“ELITE”) and/or other entities taking part of the London Stock Exchange Group (“LSEG”). ELITE attempts to ensure Information is accurate, however Information is provided “AS IS” and on an “AS AVAILABLE” basis and may not be accurate or up to date. Information in this document may or may not have been prepared by ELITE but is made available without responsibility on the part of the latter. ELITE does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the document or any of the Information. No responsibility is accepted by or on behalf of ELITE for any errors, omissions, or inaccurate Information in this document. The publication of this document does not represent solicitation by ELITE of public saving and is not to be considered as a recommendation by ELITE as to the suitability of the investment, if any, herein described. No action should be taken or omitted to be taken in reliance upon Information in this document. We accept no liability for the results of any action taken on the basis of the Information. Elite Club Deal Limited is authorised and regulated by the Financial Conduct Authority The logos, trade marks and service marks contained within the Information are owned by ELITE or the LSEG and cannot be used without express written consent by the company having the ownership on the same. © January 2019 ELITE SpA – London Stock Exchange Group All rights reserved ELITE SpA Piazza degli Affari 6, 20123 Milan (Italy) www.elite-group.com Page 34
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