ELITE Thinking Long Term

Transcription

1 ELITE Thinking Long Term

2 ELITE What ELITE is a programme designed to help SMEs prepare and structure for the next stage of growth through the access to long term financing opportunities Who ELITE is dedicated to the most exciting and ambitious SMEs, having a sound business model, clear growth strategy and a desire to obtain funding in the near future How ELITE offers an innovative approach, including a training programme, a working zone supported by a tutorship model and direct access to the financial community through dedicated digital community facilities. It is capital neutral to any financing opportunity, providing access to Private Equity and Venture Capital funds, debt products, etc. The long term objective of ELITE is to improve SMEs access to more sophisticated skill-sets, network and a diversified capital pool in order to accelerate growth opportunities. Page 2

3 A STORY OF GROWTH Launched in April 2012, in over 3 years ELITE has attracted: Over 300 companies, selected between the most ambitious businesses Over 150 financial advisers and professional bodies Over 90 institutional investors (private equity firms and debt investors) Page 3

4 ELITE: the three-phased programme PHASE 1 A comprehensive training program for founders and managers to get the best standard of management and access to funding option PHASE 2 Progressive adoption of new management practices with the support of a dedicated virtual advisory team PHASE 3 Get the benefits associated with the new model and access new business and networking opportunities and funding options Page 4

5 ELITE: GET READY A training course thought to allow managers and entrepreneurs to enhance organizational and financial corporate systems changes in order to access the most adequate fund raising for growth. PHASE 1 Strategies for growth Innovation and internationalization Organizational models and governance in leading companies Financial corporate systems evolved (strategic planning, management control systems) Access to fund raising options Page 5

6 ELITE: GET FIT In this second phase, the company will be supported in the implementation of any changes necessary to consolidate its capability to attract investors, with the support of specific workshops, a dedicated tutor and a team of advisers (ELITE team), where appropriate. PHASE 2 Support in developing the business plan and presentation of the equity story Help consolidate corporate and financial communication practices Drive potential changes in the corporate governance framework Page 6

7 ELITE: GET VALUE Access to benefits and opportunities partly available from the admission to ELITE and partly accessible once the companies get the ELITE Certificate. PHASE 3 Visibility with the financial and entrepreneurial community at local and international level Business matching with other ELITE companies Structured access, via the web platform to the network of advisors, professionals, institutions and investors (the community site) Access to funding opportunities (equity and debt capital markets, private equity and venture capital firms) Page 7

8 ELITE: access requirements Economic requirements: Turnover > 10 M (or less if growth rates are high) Operating earnings > 5% of tunrover ELITE Access requirements Positive net profit LSEG reserves the right to allow companies to join and/or continue as members of ELITE, even if they do not meet the economic requirements, taking into consideration the macroeconomic situation, the characteristics of the sector and any temporary or extraordinary circumstances affecting the applicant. Page 8

9 ELITE: ongoing requirements Being ELITE Active participation in the training program Regular update of their company profile Publication of interim reports Draft of an annual budget and industrial plan Definition of a governance model appropriate to the size and complexity of the corporate structure Audited accounts (consolidated financial statements where applicable) by an audit company Page 9

10 ELITE high quality standard The standard of quality of the companies joining the programme is extremely good and well balanced in of sector, geographical distribution and ageing. Revenues 2013 ( /m) (average) Min Max Why in ELITE: Growth rate at admission (%) (average) EBITDA margin (%) (average) NFP/EBITDA (average) Export (% on revenues) (median) 14% 15% 1.5x 45% - Positive track record (revenues growth rate margin ) - Competitive advantage - Convincing growth project - Credibility of management - Motivation to deal with the cultural change, organizational, managerial Source: available company figures referred to the Italian companies * 2013 figures Page 10

11 ELITE in Italy 60 Provinces 16 Regions Consumer Goods Basic materials Financials Industrials 60 companies 15 companies 2 companies 77 companies Oil & Gas Healthcare Consumer Services 101 Northwest 6 companies 9 companies 14 companies 58 Northeast Utilities Technology 6 companies 24 companies Telecommunications 7 companies 61 Center South Page 11

12 ELITE ACCELLERATES CULTURAL CHANGES AND ACCESS TO CAPITAL Since joining ELITE Italian companies have accelerated their growth plans and gained access to funding opportunities Companies have completed a deal with a Private Equity firm Companies publicly announced an IPO in the medium term 4 companies listed on AIM Italia Companies issued a bond raising 330 m M&A / JV deals completed by ELITE companies 250 Mln Euro raised by state owned institutions (SACE and SIMEST) 40 Listed companies play as mentor for ELITE companies Page 12

13 CONTACTS ELITE Team Primary Markets Barbara Lunghi Head of Mid&Small Caps Italy, Borsa Italiana 02/ Vittorio Benedetti Relationship Manager 02/ Fabio Brigante Relationship Manager 02/ Luca Tavano Relationship Manager 02/ Page 13

14 DISCLAIMER This presentation contains text, data, graphics, photographs, illustrations, artwork, names, logos, trade marks, service marks and information ( Information ) connected with Borsa Italiana S.p.A. ( Borsa Italiana ). Borsa Italiana 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 presentation may or may not have been prepared by Borsa Italiana but is made available without responsibility on the part of Borsa Italiana. Borsa Italiana does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the presentation or any of the Information. No responsibility is accepted by or on behalf of Borsa Italiana for any errors, omissions, or inaccurate Information in this presentation. The publication of this presentation does not represent solicitation, by Borsa Italiana, of public saving and is not to be considered as a recommendation by Borsa Italiana 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 presentation. We accept no liability for the results of any action taken on the basis of the Information. November 2014 Borsa Italiana S.p.A. London Stock Exchange Group All rights reseved. Borsa Italiana S.p.A. Piazza degli Affari 6, Milano (Italia) Tel Page 14