HAYDEN LE

WATCHES OF
SWITZERLAND
THE I PO OF TH E FI RS T LUX URY WA TCHES RET AI L ER
 WOS IPO
INFORMATION
EXPECTED I PO VAL UE 22 0 M I LLI O N P O UND
8 1 , 480, 000 S H ARE S I N TO TA L

* ( 5 7 , 4 07, 407 N E W S H AR ES I S S UE &

2 4 , 074, 074 S H ARE S FRO M EX I S TI NG
S HAREHOLDE RS . )

EXPECTED MARK E T C API TA LI Z A TI O N:

6 4 7 MI LLI ON POUN D
 M&A INFORMATION
THE ACQUISITION OF MAYOR’S (18
LOCATIONS IN ) IN 2017 MADE WATCHES
OF SWITZERLAND THE LARGEST LUXURY
WATCH RETAILER IN THE SOUTHEASTERN
REGION OF THE UNITED STATES"

MORE ACQUISITION: BEN BRIDGE AT THE

RENOWNED MALL OF AMERICA OUTSIDE
MINNEAPOLIS-ST. PAUL,
TIMELESS LUXURY WATCHES IN PLANO,
TEXAS, AND THE BETTERIDGE BOUTIQUES
IN GREENWICH,
CONNECTICUT, VAIL, AND ASPEN,
COLORADO.

 BALANCE SHEETS
(2017-2018)
FR OM 2017 TO 2 0 1 8 , TOTA L A S S ETS
I NCREASE B Y 1 3 0 MI L L I O N P O UND.

TOTAL LI ABI L I T I ES I N CREASE BY 4 7

MI L LI ON POUN D

Goodwill (A) increase 104.9 -118.6 million

Intangible and PPE (A) increase 93.4 - 120.1
million pound
Current assets increase 56.8 million pound
Borrowing (non-current L): 255.5 million
increase from 111.2 million in 1 year.
Current borrowing: 29.2 million
 CASHFLOW FROM INVESTING
& FINANCING ACTIVITIES
ACQUISITION OF SUBSIDIARIES PROCEEDS FROM NOTES
"NET OF CASH ACQUIRED AND NEW LOANS
In 2018, there an significant cash outflow
In 2018, Watches of Switzerland involved
of acquisition of subsidiaries at 79.1 million
in multi proceeds of notes and loans, and
USD. This mostly for the acquisition of
also the prepayments of principal.
Mayor and other US watch retailers
The amount of proceed from notes and
loans increase 255.4 million & 107.3
million pound respectively.
Repayment of shareholder loan: 75
million pound in just 2018
Repayment of borrowing increase by
192.8 million pound
 LEVERAGE
BUYOUT (LBO)
WHEN THE B UYER O F A C O M PAN Y T AKE S O N
A S I GNI FI CA NT AM O UNT O F DE B T AS PAR T
OF THE PURC HAS E. AS S ET S F R O M ACQ U I R E D
COMPANY WI L L BE US ED AS CO L L AT E R AL
1 CAS H POSI T I O N O F COMP A N IE S
C ompa ny ca s h p o s i t i o n i ncre a se a f te r the
a cqui s i t i on o f s ub s i d i a r i es.

2 ABNORMAL AMOUNT OF NOTES AND LOANS

Pr oceeds f ro m n otes a n d n ew l oa n s
i ncr ease si g n i f i c a n tl y f ro m 2 0 1 7 t o 2 0 1 8 .

3 FINANCING COST IN INCOME STATEMENT

The f i nanci n g c os t i n th e i n come s t a t emen t
show an i ncrea s e of 2 1 mi l l i on poun d t o
3 0 . 2 mi l l i on p oun d f rom 2 0 1 7 -2 0 1 8 .