Lesaka Technologies, Inc. · NASDAQ:LSAK
Lesaka Technologies — NET 1 Ueps Technologies — Merger or Acquisition (September 2010)
8 slides from Lesaka Technologies's merger presentation, Sep 16, 2010
Slide 1: Net1 to Acquire KSNet in Republic of Korea
iy = “J _ | FR +] Net1 to Acquire KSNet in Republic of mo September 17, 2010
Slide 2: Forward-Looking Statements
Forward-Looking Statements cD This presentation contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this presentation regarding strategy, future operations, future financial position, future reven
Slide 3: Transaction Overview
Transaction Overview wen Key Transaction Details: + Purchase price of KRW 270 billion (~USD 233 million) for a 98.7% equity interest + Implied acquisition multiples in-line or below recent international payment processing transactions + Share purchase agreement signed, conditional only on regulatory
Slide 4: KSNet at a Glance
KSNet at a Glance Business Overview Sales Model Financial Highlights 24 largest processor in Korea Only payment processor in Korea to combine card VAN, banking VAN and payment gateway Card VAN represents >90% of revenues Direct sales force focuses on large merchants Over 260 agents focused on SME ma
Slide 5: Strategic Rationale
Strategic Rationale cD +) Strong Strategic Fit Expected to be earnings and cash flow accretive Business model Net1 understands and has experience leveraging Established track record of management to drive profitable growth 2 ] Revenue Synergy Opportunities Value-added services (EasyPay) Mobile virtu
Slide 6: Track Record of Growth
Track Record of Growth cz Total Number of Credit Card KSNet Total Number of Card VAN Transactions in Korea (mm) Transactions (mm) 1407 poe 1080 4 2005 2006 2007 2008 2009 2007 2008 2009 Source: National Statistics Office ‘Source: KSNet
Slide 7: High Growth Rates and Barriers to Entry
High Growth Rates Barriers to Entry Macro Statistics Number of card transactions +23% CAGR 2007-2009 Highly competitive credit card issuance market Innovative personal income tax incentives which encourages use of payments cards KSNet benefits from all card transactions, including debit and credit C
Slide 8: Contact
Contact: Dhruv Chopra VP Investor Relations Phone: +1-212-626-6675 Email: dchopra@net1.com
NET 1 Ueps Technologies — Merger or Acquisition (September 2010) on 6ix