Tbo Tek Ltd. · NSE:TBOTEK
Tbo Tek — Merger or Acquisition (September 2025)
10 slides from Tbo Tek's merger presentation, Sep 5, 2025
Slide 1: Stock exchange filing cover letter: Investor Presentation
September 5, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5 th Floor, Plot No. C/1 Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001, Maharashtra, India Mumbai - 400 051, Maharashtra, India Scrip Code: 544174 Scrip Symbol
Slide 2: TBO.com: Travel Simplified
TBO.com: Travel Simplified 1
Slide 3: TBO to acquire Classic Vacations, expand its global reach into North America
TBO to acquire Classic Vacations, expand its global reach into North America About Classic Vacations About the Acquisition • Premier B2B2C luxury travel company focussed on US travel advisors • Nature of Transaction: Acquisition of 100% ownership interest in Target • Key Travel Destinations: Hawaii,
Slide 4: Classic Vacations is premier B2B2C luxury travel company focused on US travel advisors
Classic Vacations is premier B2B2C luxury travel company focused on US travel advisors • • 47- year history with a track record Strong, growing and highly engaged community $475Mn • Advisors view Classic as an extension of their brand Gross Bookings FY24 • • Expertly trained, well-traveled, and know
Slide 5: CV operates luxury FIT and Group businesses driven by a highly motivated management
CV operates luxury FIT and Group businesses driven by a highly motivated management and strong underlying assets Retail x Luxury Outbound travel business Core Assets primarily driven by a highly experienced leadership team • Long-standing legacy brand with strong luxury connect and - FIT Business (6
Slide 6: We believe this will bring significant growth opportunities for both CV and TBO
We believe this will bring significant growth opportunities for both CV and TBO businesses independently 2 independent Brands with distinct … and creating value by profile Cross-leveraging the luxury hotel Classic Vacations TBO 1 supply between TBO and CV Avg. ADR $1000+ ~$250 Avg. Booking size $8,6
Slide 7: Classic Vacations – P&L Structure
Classic Vacations – P&L Structure Classic Vacations TBO Particulars (Jan-Dec’24) (Jan-Dec'24) Gross Bookings (GTV) $475.71Mn $3,595.94Mn1 Net Revenue (Take Rate) 23.3% 5.4% Gross Profit 11.9% 3.7% Adjusted EBITDA 2.4% 1.0% PAT 1.9% 0.7% NOTE: 1 - INR/USD – 84.97 6
Slide 8: Meaningfully negative working capital cycle driven by long average booking window
Meaningfully negative working capital cycle driven by long average booking window 140 Days 245 Days FIT - Average Booking Window Group - Average Booking Window Significant Deferred Revenue ~17% of annual GTV ~$80Mn Cash and Cash Equivalents – As of July’25 7
Slide 9: Term Debt – Key Terms
Term Debt – Key Terms Facility Amount – $70 Mn Lender – Standard Chartered Bank o With a mandate to down-sell part of the facility Tenor – 4 years o Avg. tenor - 2.9 years Interest Rate – Term SOFR linked floating interest rate with fixed spread Repayment: o Moratorium - 12-month on principal o Ball
Slide 10: Thank you !!
Thank you !! TRAVEL SIMPLIFIED tbo.com 9