Ibersol — M&A Activity 2016

Nov 25, 2016

NOVEMBER 2016

At the end of October, Ibersol concluded the acquisition of 100% of Eat Out Group (EOG) from Agrolimen.

The amount of operation has achieved 105 million euros considering that the companies are debt free.

EAT OUT COMPANY

• Eat Out Group is one of the most important group of restaurants in Spain with more than 25 years of history with presence in Spain, Italy and Portugal.
• Eat Out operates in the retail business with own brands such as Pans & Company, Ribs, Santa Maria or Frescco, and in the travel division where also operates, as franchisee, 13 other brands of third parties, with presence in 6 spanish airports and 3 railway stations of AVE.
• The group ended 2015 with 321 restaurants , being 113 equity and ²⁰⁸ franchised, employing 2.181 and reached an Ebitda of 16.4 million euros.

EOG STRUCTURE

EOG BUSSINESS AREAS

EOG MAIN OWN BRANDS

d B r a n s	B i f d i i t r e e s c r p o n	R t t e s a u r a n s	F h i d r a n c s e S t o r e s
	le dw he d Ba ic t te ty g ue s sa n s an • ba ke ry Ur ba loc io ho ing l ls t n a ns s p p ma • , d fre d ing i ta ts an e s n un	1 7 9	1 3 5
	l d he Ca in ing ing in t t su a op er a • , F S R s t eg me n F irs in Sp in ing t ta t re s ur an a se rv • Am le bs ica i ty er n s r Ur ba loc io ho ing l ls t n a ns s p p ma • , d fre d ing i ta ts an e s n un	2 4	1 6
	"A l l ", he l hy t t y ou ca n ea a • d bu f fe Me i te t rra ne an Ur ba loc io d ho ing t n a ns an s p p • l ls ma	1 6	1 2
	Sa ia in Q S R Ma ta te n r op er a s • fa l t t se g me n as s ca su a f d l Sp h Va ie i io is ty tra t r o na an • ip ta p as re c es Ur ba loc io t n a ns •	5 2	4 5

EOG's restaurants breakdown by brand

• The group ended 2015 with 321 restaurants (251 retail and 70 travel business).
• Includes 51 Pans restaurants operated by Ibersol.

Ownership

TOTAL BRANDS (IBERSOL & EOG)

TOTAL RESTAURANTS AT 31-12-2015

For consolidation purposes, Pans&Company restaurants in Portugal are isolated.

TOTAL SALES, EBITDA & EMPLOYEES AT 31-12-2015

(*) includes portuguese Pans&Company restaurants.

(**) system sales consider the sales of the restaurants operated by the companies and franchisees.

(***) equity sales consider the sales of the restaurants operated by the companies.