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2016-12-08

Scan Global Logistics Holding ApS: Scan Bidco A/S announces pro forma figures for the last twelve months ending on 30 September 2016

Due to, inter alia, the acquisition of Airlog Group Holding AB
("Airlog"), Scan Bidco A/S has decided to publish financial
information on a pro forma basis for the operating companies Scan
Global Logistics and TransGroup and individual figures for Airlog for
the last twelve months ending 30 September 2016 (the "LTM Period"),
as well as financial figures for Q3 2016 for Scan Global Logistics
and TransGroup.

The acquisition of TransGroup took place on 1 October 2016 and the pro
forma figures in this press release are presented for the purpose of
showing, on an illustrative basis, the effect of consolidating
TransGroup during the entire LTM Period. The financial information
presented below has not been audited. Moreover, the conversion of the
Company's accounts to IFRS is underway but for interim purposes the
financial information for TransGroup and Scan Global Logistics has
been prepared in accordance with US GAAP and Danish GAAP for the
respective entities.

The aggregate adjusted EBITDA for Scan Global Logistics and TransGroup
amounted to DKK 231 million during the LTM Period, representing an
adjusted EBITDA margin of 4.5 per cent. The holding companies Scan
Bidco A/S and Scan Global Logistics Holding ApS generated an
aggregate adjusted EBITDA of DKK -8.4 million during the period,
resulting in an aggregate pro forma and adjusted EBITDA of DKK 222.6
million.

+--------------+-------+--------------------------------------+
|Pro forma financials for Scan Global Logistics and TransGroup|
+--------------+-------+--------------------------------------+
|DKKm |Q3'2016| LTM Sep'2016|
+--------------+-------+--------------------------------------+
|Gross revenues| 1,228| 5,031|
+--------------+-------+--------------------------------------+
|Net revenues | 196| 859|
+--------------+-------+--------------------------------------+
|Adj. EBITDA | 58| 231|
+--------------+-------+--------------------------------------+

Net interest bearing debt for Scan Bidco A/S (including TransGroup)
was DKK 1,093.7 million as of 30 September 2016.

+-----------------------+------------+
|Airlog Group Holding AB| |
+-----------------------+------------+
|DKKm |LTM Sep'2016|
+-----------------------+------------+
|Gross revenues | 350|
+-----------------------+------------+
|Net revenues | 79|
+-----------------------+------------+
|Adj. EBITDA | 13|
+-----------------------+------------+

Airlog generated gross revenues of DKK 350.1 million and an adjusted
EBITDA of DKK 13.4 million resulting in an adjusted EBITDA margin of
3.8 per cent.

The financial information for Airlog Group Holding is prepared in
accordance with Swedish GAAP.

Completion of the acquisition of Airlog Group Holding AB is subject to
regulatory approval in Denmark and closing is expected in Q1 2017.

For more information, please contact:
Lars Olsen, Group CFO, Scan Global Logistics
Tel: +45 3248 0020, email: laol@scangl.com
Maria Hamm, Head of HR, Communication & Compliance, Scan Global
Logistics

Phone: +45 3248 0094, e-mail maha@scangl.com
About Scan Global Logistics
Scan Global Logistics is a Nordic based full-service global freight
forwarding provider with nearly 800 employees working out of 42
offices in 19 countries, specialised in complex logistics solutions.
The Group offers customers a wide range of global transportation and
logistics supply chain solutions with a complete coverage on air, sea
and overland transportation.

-----------------------------------------------------------
http://news.cision.com/scan-global-logistics-holding-aps/r/scan-bidco-a-...
http://mb.cision.com/Main/14445/2144768/601246.pdf

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