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DUBLIN VINYL EIIS 2019

Following successful funding campaigns in 2017 & 2018, Dublin Vinyl (the “Company”) is seeking to raise up to €400,000 in equity share capital through the Employment and Investment Incentive Scheme 2019 (the “EIIS”) (“the Investment”).

Vinyl Record sales are at their highest in almost 30 years, have increased by over 1,000% since 2005, and in a report, Technavio’s analysts forecast the global vinyl records market to continue growing during the period 2019-2025. The global vinyl market is now estimated to be worth $1.5 Billion.

There are approximately 60 full service pressing plants globally, many running at full capacity and operating outdated machines. Labels and Artists are experiencing delays of up to six-months in the production of their vinyl.

Our customers include Major Record Labels, Independents, Music Management Companies, Distributors and Artists. We’re currently exporting to the UK, Germany, North America, Australia and Japan.

Consequently, for the first time since 1980, new Vinyl Pressing Machines are being produced by a company based in Toronto. Dublin Vinyl launched in January 2018 with two of these presses and is now pressing up to 20,000 units per week for clients all over the world.

Our customers include Major Record Labels, Independents, Music Management Companies, Distributors and Artists. We’re currently exporting to the UK, Germany, North America, Australia and Japan.

Our team is highly skilled, each with over fifteen years experience in the Music Industry, including Vinyl Production, Marketing, Sales, Management, Artist Relations, Agency, Radio and Performance. Our focus is on producing a quality product, with an extremely competitive lead time and excellent customer service.

Over the past 18 months we have been working closely with our record label clients to develop solutions to address pain points in the industry. While the music industry has changed drastically over the past 20 years, the distribution model for physical product hasn’t. Dublin Vinyl has introduced Direct-to-Consumer services that reduce costs, leadtimes, and increase margins for its clients.

With this funding we plan to increase our production capacity, introduce bespoke products and expand our D2C services into new markets.

MANAGEMENT TEAM

HUGH SCULLY – CO-FOUNDER AND CEO

Hugh has over 20 years’ experience in areas right across the music industry including radio, promotion, management, labels, festivals and brand partnerships. He also ran an Experiential Marketing Agency for 10 years, specialising in music sponsorship for some of the world’s largest brands and Ireland’s biggest promoters.

Hugh began his career in music as a DJ when the house music scene hit Dublin in the early 90s. With long running residencies in clubs The Kitchen, Pod, Spirit, as well as annual headline slots at internationally renowned festivals including Homelands, Creamfields, Electric Picnic and Oxegen, he also hosted the popular Blue Radio show on Spin FM for five years.

He has strong sales, marketing and project management experience as well as extensive industry contacts in the UK and Ireland.

DONAGH MOLLOY – CO-FOUNDER AND COO

Donagh has worked across various areas of the music industry over the last 15 years, most recently representing musicians, festivals and venues with the agency, management and production company Turning Pirate. A trumpeter, he also spent years recording and touring as a full time musician. Donagh also holds a Marketing Degree from Dublin University and worked a number of years in the experiential department of ad agency McCann Erickson, where he lead a number of award winning campaigns.

Donagh brings a wealth of experience and both local and international contacts at all levels to Dublin Vinyl.

MAUREEN MCPOLAND – FINANCIAL CONTROLLER

Mo is a financial / marketing professional with 25 years experience across the music, creative agency, recruitment and hospitality industries. She has a particular interest in working with small, entrepreneurial businesses. The passion and dedication of small teams, quick decision making processes and being poised to take advantage of opportunities that present themselves make for an exciting work environment. She has a primary marketing degree and is a qualified CIMA Management Accountant.

ADVISORS & CONSULTANTS

PADRAIG DALY – ACCOUNTANTS & TAX ADVISOR – MAZARS

Mazars are the No 1 firm in Ireland servicing the entertainment sector. They have a dedicated entertainment practice that act as trusted business advisers to global international high profile entertainers, indigenous performers based in the Irish market and overseas, TV personalities, comedians and actors.

The entertainment practice specialises in gaining an in-depth understanding of their clients’ business and personal affairs from both a financial and tax perspective. They combine the skills of financial and tax specialists to help minimise risk and maximise opportunities. They leverage their experience to help clients understand and manage their tax and financial obligations.

PETER BENSON – LEGAL ADVISOR

Peter is a graduate of UCD and joined the firm in 2003, becoming Partner in 2007. Peter has extensive experience in the areas of regulatory law, commercial law, employment and freedom of information legislation having advised professional bodies, trade unions and private clients in these areas.

ENTERPRISE IRELAND

Dublin Vinyl is a client of Enterprise Ireland’s High Potential Startup (HPSU) program since October 2018. Support includes Mentor Programs, Feasibility Study Grants, Market Discovery, R&D and Investment Match Funding.

Markets of particular interest to Dublin Vinyl are the Eurozone, Japan and North America.

MILESTONES (CLICK TO EXPAND)

milestones

INVESTMENT SUMMARY

INVESTMENT : Investment qualifying under the Employment and Investment Incentive Scheme 2019.

EXPECTED TERM : A minimum of 4 years from date of investment.
TAX RELIEF* : 40% of investment in year 1.
EXIT & TARGET RETURN : Exit will be at the end of 4 years at market value and subject to a maximum disbursement of 140% of the original investment.
INVESTMENT :

Shares issued in 2019: (Minimum: €10,000 – Maximum: €150,000)

Shares issued in 2020: (Minimum: €10,000 – Maximum: €250,000)**

*Investors should seek their own professional tax advice.

**Maximum of €500,000 where investor undertakes not to dispose of shares for a period of 10 years

INVESTMENT EXAMPLE

DISCLAIMER

This document has been prepared and distributed by Dublin Vinyl for information purposes only. It is not intended and does not constitute personal recommendations nor provide the sole basis for any evaluation for the securities discussed. Dublin Vinyl recommends that specific advice should always be sought prior to investment, based on the particular circumstances of the individual investor. The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the European Communities (Markets in Financial Instruments) Regulations 2007. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.

PROCESS

If you wish to express an interest in this investment, please contact Hugh Scully, MD, Dublin Vinyl on 01 254 8800 / 087 2451278 / hugh@dublinvinyl.com or Padraig Daly, Mazars, Ireland on 01 449 4469 / pdaly@mazars.ie.

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