Hibbett Sports — Merger or Acquisition (October 2018)
6 slides from Hibbett Sports's merger presentation, Oct 30, 2018
Slide 1: Investor Presentation — Acquisition of City Gear
HIBBETT SPORTS INVESTOR PRESENTATION — ACQUISITION OF CITY GEAR October 30, 2018
Slide 2: Warning About Forward-Looking Statements
WARNING ABOUT FORWARD-LOOKING STATEMENTS This presentation provides supplemental information regarding our proposed acquisition of Gity Gear, LLC. Certain statements contained herein are “forward-looking statements’ that are subject to the safe harbor provisions of the Private Seourities Litigation
Slide 3: Transaction Structure and Timing Highlights
TRANSACTION STRUCTURE AND TIMING HIGHLIGHTS CISCEe Cum * 100% acquisition of City Gear membership interests for cash = City Gear will continue to be led by current management = $88.0mm to be paidat transaction close = Up to $10.0mm paid following FY 2020 if certain financial targets are achieved = U
Slide 4: Compelling Rationale for Hibbett Shareholders
COMPELLING RATIONALE FOR HIBBETT SHAREHOLDERS Strategic Rationale Financial Highlights Market leading brand in premium athletic ep oe ees Enhances growth and leverages Hibbett’s complementing Hibbett’s existing offerings ‘hiasiecanee Differentiated product assortment with deeply 100% of consideratio
Slide 5: City Gear: Background
CITY GEAR: BACKGROUND Introduction to City Gear Deeply Woven Into the U.S. “Sneaker Culture” 135 A ay v Age Range: 10 - 30 = City Gear is a growing specialty retailer with a strong brand identity = With a Southern and Central US. footprint, City Gear has a significant presence catering to the fashio
Slide 6: Opportunity for Growth
OPPORTUNITY FOR GROWTH Geographic & New Markets » S Omni-Channel & Systems » = Continue growth in targeted new markets and take advantage of fill- in opportunities in existing markets. — Significant foundation in place with 135 stores open — Hibbett infrastructure provides platform for extended grow
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