UVENCO UK plc “UVEN” An Overview

May, 2016

…the UK vending industry has stabilized …turning the corner..

ü  2015 UK revenues stabilised at £1.5bn, having declined yoy from 2006; ü  Slight growth in hot bev offsetting decline in snacks and cold drinks.

...growth driven through higher quality product offerings ü  Bean to cup coffee; ü  Healthy food offerings.

...and technology ü  20% of machines taking payment configured for wave and pay; ü  Typical 20% revenue uplift.

…new capital investment being seen ü  55% of machines being placed are new; ü  Would appear to be focussed on hot bevs; limited evidence in snacks and cold drinks.

...ownership remains highly fragmented ü  Largest operator has 8% of market; second largest 3%; ü  UVEN has <1% of market. *source AVA 2015 Census

…offering consolidation opportunities

UVEN believes that the next three years will see a pipeline of acquisition opportunities… ü  Fragmented industry

ü  See previous slide

ü  Privately owned, generational change ü  Typical firm established 1965-85, revenues £2m-5m per annum ü  Still managed by original owner ü  Children became doctors, lawyers, accountants ü  Looking to realize value

…as well as organic growth possibilities Typical contract terms of 3-5 year fixed term contracts ensure that £100m+ of revenues are put out to tender annually

ü  UVEN is targeting contracts with less than two year pay back period; ü  The ability to offer new equipment is seen as key USP in snacks/cold drinks tender

wins in 2015/6; ü  Table top bean to cup focus in city centers, and in particular London.

Application of data to optimize offerings expected to provide 20% uplift to underlying performance

ü  Selective addition of wave and pay to existing machine estate; ü  Application of data to optimize sales in machines; ü  Focusing sales on existing areas to optimize operating costs; ü  Cross selling to existing customer base.

*Source AVA 2015 Census

UVEN… turning the corner 2013-2015: UVEN impacted by general down turn in vending market and losses of key contracts in Specialist Drinks division. Unaudited 1H 2016 results show first signs of growth in vending and franchising divisions. Restructuring of last 2 years driving EBITDA growth.

Audited Audited Unaudited£000s 2014 2015 1H15/16 2013-2015

RevenuedevelopmentVending 13,283 11,928 6,039 -15.9%YoY 93.7% 89.8% 101.3%Franchising 1,562 1,425 773 -17.7%YoY 90.2% 91.2% 108.5%SpecialistDrinks 3,965 2,814 1,173 -38.8%YoY 86.3% 71.0% 83.4%

Revenues 18,810 16,167 7,98591.7% 85.9%

Grossmargin 10,357 8,709 4,76255.1% 53.9% 59.6%

EBITDA 1,148 (1,111) 3866.1% -6.9% 4.8%

Netborrowings(note1) -4806 -3724 -3605Leverage 4.2 -3.4 4.7

…with strong share holder support…

Funds raised Turnaround made possible through significant shareholder support ü  £ 2.4m in FY 2015 ü  £ 3.1m in FY 2016

Key shareholdings VERSATEL CO LIMITED* 31.9% MRS VERONIKA BELOTSERKOVSKAYA 15.9% UNICORN ASSET MANAGEMENT LIMITED 12.7% ELDERSTREET INVESTMENTS LTD 6.7% HSBC GLOBAL CUSTODY NOMINEE (UK) 6.1% UVENCO HOLDINGS LIMITED 3.1% * The Belotserkovskiy Concert Party of which Versatel Company Limited is a part, holds an interest in

53.9% of the Company’s issued ordinary share capital.

…while accessing advanced technology & industry expertise…

Sergey Kornienko, CEO, appointed April 2016 ü  10 years in vending ü  Grew Uvenco Russia revenues from £18m to £57m and 3,900 to 12,300

operated machines between 2009 and 2016 UVENCO Group

ü  Access to Uvenco technology ü  Vending machines (Food Box Long, Rosso) ü  Telemetry ü  Cashless payment solutions ü  Loyalty schemes ü  Touch screen technology ü  Micromarkets

And management support ü  Operations, IT, Marketing

Vending: Uvenco Limited

Creating a single national brand UVENCO through the merger of VMI (Blackburn) Limited and Simply Drinks Limited

ü  Merger and renaming effected May/June 2016

A National vending operator ü  Profit centers in North, Midlands, South; ü  Depots in London, Midlands, North West and South

Wales; ü  Strong presence in NHS and public sites; ü  Growing presence in London corporate hot drink

market; ü  7,000 serviced/operated machines of which 3800 are

operated.

Franchising: Snack-in-the-Box

ü  Leading UK franchise business; ü  80 franchises covering most of UK and N. Ireland; ü  Est. 10,000+ end customers (SME’s); ü  Snack focused; ü  Estimated franchisee revenues (non consolidated) of £7m p.a; ü  Provides valuable support for national vending contracts; ü  Only free on loan non-contract and “slimline” vending supplier

to SMEs.

Specialist Drinks: Drinkmaster Limited

ü  Hybrid vending-manufacturing business; ü  Based Liskeard, Cornwell; ü  c4000 hot/cold water dispensers leased to customers across UK; ü  Manufacturers drink solutions for sale to customer base;

ü  Strong presence historically in betting industry; ü  Reputation for product innovation in pre-packed hot drinks market; ü  Most recent product (New Seal Cup) proving attractive to airline industry;

ü  Heavily impacted during 2013-5 through loss of key betting contracts; ü  New management in place from 2015.

UVEN: the 2020 Vision

Leading vending operator in UK ü  Top 2 operator; ü  Focus to remain existing depots/geographies with a focus on achieving

greater scale; ü  Market leader in respect of technology and QoS; ü  Increasing focus on corporate London table top bean to cup market.

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