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Investment Opportunity MeDevices

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Company Overview

MeDevices, or the Company, was established as an aesthetic device distributor in 1982 and is headquartered in the Northern Italy.

In 1997 the Company expanded its product portfolio by introducing medical devices.

In 2001 MeDevices started manufacturing medical devices.

In the years 2002-2005 the Company introduced innovative laser technologies.

From the year 2010 the Company has started an international development.

The Company is currently an Italian medical and aesthetic devices

manufacturer.

MeDevices main served markets are: Middle East, Saudi Arabia, Turkey, Europe and South America and its products are distributed globally through a distribution and service network.

The Company is entirely owned and managed by the founding family.

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Company Overview - Products

PRODUCT APPLICATIONS DISEASE/TREATMENT

Hemangioma

Spider Neavi

Plain Angioma

Face and Nose Telangiectasias

Seborrheic Keratosis

Port Wine Stains

Dischromies

Leg Veins

Hair Removal

Scars Reduction

Wrinkles

Large Pores

Acne Scars Reduction

Tattoo Removal

Caf au Lait

Endovenous Laser Treatment (ELT)

Ear Nose Throath (ENT)

Deep Pocket Therapy

Cosmetic Dentistry

Non Invasive Body Shaping

Cellulite Reduction

Skin Tightening

Trandermal Delivery

Dermatology

Cosmetics

Surgery

Dentistry

Aesthetic Procedures

Lasers

Medical Aesthetic

Devices

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Company Overview Supply Chain

12-18 Months Time to Market

Purchasing

Assembly

Quality Procedures

Logistic

In-house operations

Local

Dealer

Sales through

MDs

Polyclinics

Private Hospitals

End Users

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Financial Highlights

(Data in '000) 2011 2012 2013B

Value of production 2.266,50 2.961,90 3.161,00% growth -18,80% 30,70% 6,70%

EBITDA -169,30 218,60 291,80% margin -7,50% 7,40% 9,20%

EBIT -214,50 153,80 202,00% margin n.m 5,20% 6,40%

Net Income of the Group -139,90 119,10 73,30% margin n.m 4,00% 2,30%

Net Debt 180,20 284,00 -9,60

Shareholders' equity 696,80 816,00 889,30

Global Revenue Breakdown Year 2012

EXTRA CEE54%

CEE16%

ITALY30%

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Investment Opportunity

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The owners are open to evaluate the sale of a minority qualified stake in order to allow the Company to catch the huge opportunities arising from positive market forecasts (mainly referred to emerging

markets and USA).

The owners are open to evaluate a JV with an industrial investor in order to generate synergies or to introduce the products in markets not coveerd yet, such as India.

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Key Investment Factors

Made in Italy appeal.

Continuous product and process innovation.

Excellent relationships with suppliers give MeDevices the same purchasing conditions as those of the major players of the market.

Fast product development and fast decisions allow the Company to be reactive and dynamic on the market.

High product customization, close to customer needs, ensures the Company customer loyalty and satisfaction.