Lesaka Technologies, Inc. · NASDAQ:LSAK

Lesaka Technologies — Net1 UEPS Technologies — Merger or Acquisition (November 2021)

16 slides from Lesaka Technologies's merger presentation, Nov 1, 2021

  1. Slide 1: Connect Group Acquisition Overview

    CONNECT GROUP ACQUISITION OVERVIEW November 1, 2021

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR STATEMENT The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for factors that could cause actual results to differ materially from those indicated or certain forward-looking statements so long as such information is identified as implied by the forward-looking

  3. Slide 3: IFRS and Use of Non-GAAP Measures

    IFRS AND USE OF NON-GAAP MEASURES IFRS The Connect Group prepares its financial information under International Financial Reporting Standard for Small and Medium Enterprises (IFRS”); as such they may differ materially from US GAAP. Use of Non-GAAP Measures U.S. securities laws require that when we p

  4. Slide 4: Slide 4

  5. Slide 5: +

    +

  6. Slide 6: Creating The Leading FinTech Platform for South African Consumers & Merchants

    Creating The Leading FinTech Platform for South African Consumers & Merchants STRICTLY PRIVATE & CONFIDENTIAL – EMBARGOED FROM RELEASE

  7. Slide 7: A Key Milestone in Executing on Our Vision

    A KEY MILESTONE IN EXECUTING ON OUR VISION Build the Leading South African FinTech platform… Create a powerful Two-Sided Ecosystem catering to end consumers and merchants… Bring Financial Inclusion to underserved consumers and merchants…

  8. Slide 8: Transaction Overview

    TRANSACTION OVERVIEW STRATEGIC RATIONALE KEY TRANSACTION TERMS EXPECTED CLOSING Complementary product offerings to drive stronger unit economics Net1 has signed a Share Purchase Agreement to acquire Transaction expected to close by the end of Net1’s Full-service product suite with strong cross-sell

  9. Slide 9: Introducing Connect Group

    INTRODUCING CONNECT (GROUP

  10. Slide 10: Strengthening the Merchant Servicing Capabilities of Our Platform

    STRENGTHENING THE MERCHANT SERVICING CAPABILITIES OF OUR PLATFORM CASH MANAGEMENT & PAYMENT SOLUTIONS BILL PAYMENTS & MICRO-PAYMENTS PLATFORM Fully-digitized cash vaults for SMEs facilitating cash MSME merchant service provider offering bill payment deposits and supplier payments with instant cash s

  11. Slide 11: Acquisition Increases Net1 TAM by 3x to >US$11bn

    ACQUISITION INCREASES NET1 TAM BY 3X TO >US$ 11BN 4 11 US$ BN Core TAM Core TAM Financial Services to Underbanked Consumers US$ + BN MSME Merchant Services US$ 7 BN Sources: South African Reserve Bank, Solidarity Bank, Finscope South Africa, NCR Consumer Credit Report, Genesis Analytics, BIS Data, I

  12. Slide 12: Creating the Leading FinTech Platform for South African Consumers & Merchants

    CREATING THE LEADING FINTECH PLATFORM FOR SOUTH AFRICAN CONSUMERS & MERCHANTS CONSUMER BANKING South African Leader in BRANCH Financial Services for INFRASTRUCTURE INSURANCE Underbanked Consumers ATM CONSUMER INFRASTRUCTURE LENDING + CASH MERCHANT MANAGEMENT LENDING South African Leader in MSME Merc

  13. Slide 13: End-to-End FinTech Capabilities for All Merchants

    END-TO-END FINTECH CAPABILITIES FOR ALL MERCHANTS MARKET SERVICES OFFERED Integrated POS, VAS, Cash Management, Enterprise Gift Cards, Loyalty, Promotions, Tier-1 Financial Services, e-Commerce NEW MARKETS FOR NET1 Commercial / Formal POS, VAS, Cash Management Tier-2 & 3 & Financial Services CORE MA

  14. Slide 14: Connect Group Financial & Operating Performance

    CONNECT GROUP FINANCIAL & OPERATING PERFORMANCE NET REVENUE EBITDA CASH SETTLED BILL & CARD PAYMENTS VOLUME DISTRIBUTION POINTS US$ US$ US$ US$ 92m +26% Growth YoY 25m +24% Growth YoY 4.8bn 1.0bn 44k FY2022E1,2 Target FY20221,2 FY2021A1 FY2021A1 FY2021A1 Net revenue reconciliation included in Annexu

  15. Slide 15: Annexure A: Recon of Non-GAAP Measures

    ANNEXURE A: RECON OF NON-GAAP MEASURES The reconciliation between revenue under IFRS and net revenue for the year ended February 28, 2022, is presented below: Year ended February 28, 2022 ZAR ‘000 $ ‘000(1) Revenue under IFRS 5,708,171 375,044 Less: Adjustment for cost of prepaid airtime (4,302,353)

  16. Slide 16: Thank You

    THANK YOU

Net1 UEPS Technologies — Merger or Acquisition (November 2021) on 6ix