Bill Holdings, Inc. · NYSE:BILL
Bill — Bill.com — Merger or Acquisition (May 2021)
13 slides from Bill's merger presentation, May 6, 2021
Slide 1: Bill.com Signs Definitive Agreement to Acquire Divvy
Bill.com Signs Definitive Agreement to Acquire Divvy May 6, 2021
Slide 2: Legal Disclaimer
Legal Disclaimer Forward-Looking Statements This presentation contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the benefits that will be derived from the proposed transaction between Bill.com and DivvyPay, Inc., a Delaware corporat
Slide 3: Who We Are
AP / AR Customers Who We Are Champions of small and mid-sized businesses Our Mission Make it simple to connect and do business AP Suppliers AR Clients 3
Slide 4: Transaction Overview
Transaction Overview • Extends platform with leading spend management capabilities Strategic Rationale • Significantly expands market opportunity, serving a larger share of customer spend • Attractive financial profile, high growth recurring revenue model Subject to certain purchase price adjustment
Slide 5: Introducing Divvy
Introducing Modern cloud-based spend management solution Combines expense management and budgeting software with smart corporate cards Provides Visibility, Control, and Insight for Card Spend 5
Slide 6: Leading platform to Manage all B2B Spend in One Place
Leading platform to Manage all B2B Spend in One Place • Provides businesses with greater efficiency, control, and visibility across all B2B spend • Empowers businesses to spend smarter, better manage their budgets and cash flow, and automate their financial operations 6
Slide 7: Leader in AP / AR Automation and Cross Border FX
Leader in AP / AR Automation and Cross Border FX B2B Payments Accounts Virtual Cards Receivable Accounts Payments Payable Leader in Corporate Card and Spend Corporate Card Expense Management Management Budgeting and Insights 7
Slide 8: Bill.com and Divvy Share DNA
Bill.com and Divvy Share DNA Purpose Values Vision Help SMBs transform, Passion, customer focus, Be the leading platform for grow, and thrive transparency, dedication, SMBs to automate their and empathy financial operations Making it simple to connect and do business 8
Slide 9: Divvy is a High-Growth Company With an Attractive Revenue Model
Divvy is a High-Growth Company With an Attractive Revenue Model Revenue Growth TPV Customers Rapidly Delivering High Strong Monetization Significant Driving Scale Growth of TPV Customer Traction ~$100M >100% ~$4B 7,500+ Annualized Revenue1 Revenue Growth YoY1 Annualized TPV1 Active SMBs2 Enhances re
Slide 10: Driving Significant Value Proposition for Our Customers
Driving Significant Value Proposition for Our Customers Cross-sell Platform and Solutions to Customers and Network Members 7,500 + 115,000 + 2,500,000 Active SMBs1 Customers2 Network Members2 Self-service Self-service Direct sales Leverage Efficient Direct sales Accounting firms GTM Ecosystem Accoun
Slide 11: Significantly Expands Addressable Market Opportunity
Significantly Expands Addressable Market Opportunity ✔ Expands platform into spend management space 6M U.S. SMBs1 ✔ Serves a larger share of customer spend ✔ Corporate cards provide very $25T in Annual B2B attractive monetization Payment Volume2 opportunity We believe Divvy more than doubles our dom
Slide 12: Multiple Growth Drivers Enhanced by Divvy
Multiple Growth Drivers to Leverage Multiple Growth Drivers Enhanced by Divvy Expanding internationally Developing our platform capabilities Growing the number of network members Increasing adoption by our existing customers Acquiring new customers 12
Slide 13: Thank you!
Thank you! billcom “ WV Divvy