Financing innovation through capital markets

8th ECMI ANNUAL CONFERENCE10 October 2018 ∙ Brussels

GPI CASE HISTORY

2

A PATIENT-CENTRED APPROACH

CONNECTING PEOPLE TO HEALTH

3

1° HY 2018revenues +14%

EBITDA ~ 1HY 2017 headcount 4.039

A STORY OF GROWTH

2014-2017 Investments M&A

< 65 ml Euros+ 35% CAGR

+20% CAGR headcount

A3.1

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FIRST STEP: FINANCIAL EVOLUTIONGPI OPENS DOOR TO FINANCIAL CAPITAL

STEPS 1 2 3

DECEMBER 2013NEW CAPITAL INJECTION

≈ €7M FROM PRIVATE EQUITY FUND50% from Equity Fund

50% from Minibond

≈ 10% NOMINAL CAPITAL

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SECOND STEP: MINIBOND

1 2 3

First issue 2013€ 12 millioninterest 5,5%

Second issue 2015€ 5 millioninterest 4,6%

Third issue 2016€ 15 millioninterest 4,3%

Fourth issue 2017€ 20 millioninterest 3,0%

≈ €52 M STEPS

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THIRD STEP: LISTING ON STOCK EXCHANGE SPAC, AIM

MAY2016

JULY2016

SEPT2016

DEC2016

27/12Admission to trading

on Borsa Italiana

1 2 3STEPS

€51M

Possible improvements

- family company vs public company

- experienced consultant

- VDR Virtual Data Room assembly