Tyro Payments Ltd. · ASX:TYR
Tyro Payments — Investor Presentation (October 2020)
9 slides from Tyro Payments's investor presentation, Oct 16, 2020
Slide 1: Merchant Acquiring Alliance
MERCHANT ACQUIRING ALLIANCE Tyro | Bendigo Bank Tyro Payments Limited 16 October 2020 ABN 49 103 575 042
Slide 2: Tyro | Bendigo Bank Alliance - Overview
Tyro | Bendigo Bank Alliance - Overview • Australia’s 5th largest merchant acquiring bank1 partners with Australia’s 5th largest retail bank • Joint objective of alliance to provide Tyro’s best-in-class payments solution to Bendigo Bank’s business customers • Full technical + economic separation of
Slide 3: Tyro | Bendigo Bank Alliance - Joint Objectives
Tyro | Bendigo Bank Alliance - Joint Objectives • Collaborative, strategic + long-term alliance Number of terminals by banks in Australia (‘000) - as at 30 June 2019 (updated for Tyro + Bendigo Bank terminals at 30 • Customer focused, delivering Bendigo Bank merchants: June 2020) 3 enhanced product
Slide 4: Tyro | Bendigo Bank Alliance - Side by Side Analysis
Tyro | Bendigo Bank Alliance - Side by Side Analysis BENDIGO TYRO Proportion of Active Merchants5 Proportion of Terminals5 COMMENTARY Active Merchants (as at 30 June 2020) 16,6291 32,176 34% 34% 30% 30% Terminals in the field (as at 30 June 2020) 26,616 62,766 66% 66% 70% 70% National footprint 2 -
Slide 5: Tyro | Bendigo Bank Alliance - Key Terms + Timing
Tyro | Bendigo Bank Alliance - Key Terms + Timing Asset Sale Agreement • Bendigo Bank sells to Tyro assets used in conducting the merchant acquiring business (merchant service contracts + goodwill) • Completion to occur in the first-half CY21 (pre-integration activities undertaken in this period) •
Slide 6: Key Terms + Timing (continued)
Tyro | Bendigo Bank Alliance - Key Terms + Timing (continued) Alliance Agreement • Bendigo Bank to exclusively refer: 3 all existing merchant acquiring customers; 3 all future customers requiring merchant acquiring services, to Tyro for the provision of a co-branded merchant acquiring service • Bend
Slide 7: Tyro | Bendigo Bank Alliance - Expected Financial Outcomes
Tyro | Bendigo Bank Alliance - Expected Financial Outcomes One-off Project Costs (excluding GST) • Project resourcing - $3.8 million1 • Other project costs (including terminals) - $16.1 million1 Ongoing additional operating personnel • New permanent operating resourcing - $6.7 million per annum2 Exp
Slide 8: Disclaimer
Disclaimer Forward Looking Statements This announcement includes forward looking statements. Forward looking statements inherently involve subjective judgement and analysis, and are subject to significant uncertainties, risks, and contingencies, many of which are outside the control of, and may be u
Slide 9: Investor Relations contact details
Investor Relations contact details: Giovanni Rizzo Phone: +61 (0) 439 775 030 Email: grizzo@tyro.com Address: 1/155 Clarence St, Sydney NSW 2000 Company website: tyro.com