2. Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace
that facilitates funding of
digital European companies
at all stages
Mission MissionMission
To promote Israel - European
relationships and enable funding
To bring together future-shaping
executives and investors active
across segments driven
by digital revolution
Connecting
Capital with
Entrepreneurs
Connecting European
Champions
and Challengers
Connecting Israel’s Startups
with Large Corporates
and Investors
30-31 October 2018
Old Billingsgate, London
13-14 June 2019
STATION Berlin
9-10 April 2019
Haoman 17, Tel Aviv
9. 8
Funds wired
1
Place watch online
2
5
4 5
2
3
Goods Information Money
HUB
Buys …
… and pays
Watch
picked up
Watch
checked by
watchmaker
Watch shipped
after verification
BuyerResellers
CHRONEXT is the interface between sellers and buyers
11. The global luxury watch market is
transitioning online…
New luxury watch
market(1)
€80bn annually
C2B luxury watch
market
€500bn – €900bn
cumulative inventory
size
€10bn – €20bn
yearly GMV
High scalability due to low unit numbers
and very high basket values
Online penetration still low but growing fast:
13% 2011-16 CAGR in online sales(2)
Luxury watches command significantly
higher margins than other consumer offerings
Electronics
Clothing
Luxury watches(3)
Significant upside for online penetration as
the online luxury watches market matures
50%
16%
2-6%
…with potential to reach
40%+ online penetration
10
Sources: Euromonitor; Management estimates
Notes: (1) End-customer annual new watches retail value calculated by applying 35% margin to
c.€30bn of sales from luxury watch brands; (2) Luxury watch brands sales; (3) Online penetration
estimates for luxury watches vary depending on data experts
12. 11
Today’s luxury watch market, based on a pre-internet distribution model,
creates leakage and undermines pricing as well as brand equity
1
2
The CHRONEXT model is the only way to transform online3
CHRONEXT is the only platform to facilitate watch brand friendly
online sales
The only way to stop leakage is to have a global omni-channel distribution,
that helps offline points get additional sales
13. 12
Grey market
Discount
Grey market
Premium
Brand Distributor
The traditional distribution model systematically produces friction and
inefficiencies – not through over supply but through misallocation
Oversupply
Undersupply
Authorised
retailer
Consumer
14. 13
Key challenges for established players to move online
While on the one hand the watch market is
perfectly suitable for a global online model…
…execution for brands has key challenges
Globally standardised product
Easy to ship item
CHRONEXT IS THE SOLUTION
Maintain price control
Preserve established distribution
channels
Ensure quality and brand control
1
2
Customer is already online for
product research
3
1
2
3
21. 20
CHRONEXT supplier portal
CHRONEXT IS THE ONLY
COMPLETE DIGITAL
MARKETPLACE IN THE
LUXURY WATCH MARKET
CAPABLE OF CHANGING THE
DISTRIBUTION LOGIC
Single unified platform to interact
with large supplier network
Real-time access to suppliers’
inventory
Improved profitability
Automated sourcing from a network
of more than 1,000 suppliers
1
2
3
23. I understand what [CHRONEXT] does – luckily” (March 2018)
Online retail is the future, and you will not be able to stop it. It is impossible
to stop it. Online business is part of the future" (April 2017)
“
Jean-Claude Biver, President of LVMH Watch Division; CEO, TAG Heuer
22
The product will stay analogue, but everything else will go digital. I
mean everything: communications, advertising, customer service and
sales” (March 2018)
Georges Kern, CEO of Breitling (ex-Head of Watchmaking at Richemont)
“
“
26. 25
CHRONEXT brought in from the cold as it secures certification for its workshops by Swatch Group"
(May 2018)
“
FULLY CERTIFIED AUTHENTICATION AND
WATCH WORKSHOP
31. 30
NOAH2018
€150(1)
Note: (1) Valid for orders with minimum value of €1,500 and until 31 July 2018
Thank you for listening – 150€ off on your next purchase with CHRONEXT:
32.
33. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
December 2014
September 2014
October 2014
May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to
Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE
September 2016October 2016
December 2016
Financial Advisor to Oakley Capital
®
Marco Rodzynek
Managing Director & Founder
marco.rodzynek@noah-advisors.com
Jan Brandes
Managing Director
jan.brandes@noah-advisors.com
The NOAH Advisors Core Banking Team
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
Financial Advisor to Silver Lake
Investment in
by
August 2017
Financial Advisor to EMK Capital
Acquisition of a Majority Stake in
by
at a valuation of $200m
Aleksander Skwarczek
Analyst
aleksander.skwarczek@noah-advisors.com
Nikhil Parmar
Director
nikhil.parmar@noah-advisors.com
