Pursuit Attractions And Hospitality, Inc. · NYSE:PRSU
Pursuit Attractions And Hospitality — Viad — Merger or Acquisition (June 2004)
26 slides from Pursuit Attractions And Hospitality's merger presentation, Jun 14, 2004
Slide 1: Affordable, reliable and convenient payment solutions
"We provide consumers with affordable, reliable and convenient payment solutions." June 2004
Slide 2: Forward Looking Statements
Forward Looking Statements As provided by the safe harbor provision under the "Private Securities Litigation Reform Act of 1995" MoneyGram International cautions that, in addition to historical information contained herein, this presentation includes certain information, assumptions and discussions
Slide 3: Transaction Overview
Transaction Overview NYSE: MGI SEC Registration: Form 10 Reverse Spin Distribution ratio: 1:1 Expected shares out: 87.2 million Record Date: [TBD] Distribution Date: [TBD] Q204 results and 2004 Guidance: July 29, 2004 MGI historical quarterly financial statements: Q3 2004
Slide 4: Transaction Benefits
Transaction Benefits Affords direct access to capital markets Establishes independent equity currency for acquisitions Provides greater strategic focus Creates pure play payments leader Enhances ability to attract, retain and motivate employees
Slide 5: Management Experience
Management Experience Phil Milne, President and CEO 13 22 Dave Parrin, CFO 2 27 Teri Johnson, General Counsel 6 25 Bill Putney, CIO 10 18 Tony Ryan, GM, Global Funds Transfer 8 18 Mary Dutra, GM, Payment Services 15 33 Dave Albright, CTO 4 28 Cindy Stemper, HR 20 25 No. Years MGI Employee No. Years
Slide 6: MoneyGram International, Inc.
MoneyGram International, Inc. Our Purpose: To help people and businesses by providing affordable, reliable, and convenient payment services MoneyGram International Value Proposition Our Corporate Values: Respect, Courage, Passion, Integrity, Teamwork
Slide 7: Growth Strategy
Growth Strategy Providing our worldwide consumers and business partners with a superior value proposition to drive revenue and market share Delivering a superior, reliable, low cost service platform to our business partners and consumers to enhance their profitability and economic benefit Expanding
Slide 8: We Operate Two Business Segments
Rebate, Gift Cert., Other PrimeLink Suite Financial Money Orders Products Money Transfer Retail Money Orders Urgent Bill Payment Global Funds Transfer Payment Services We Operate Two Business Segments
Slide 9: Our Products Meet the Needs of our Customers
Our Products Meet the Needs of our Customers Distribution Channel Primary Customer Revenue Sources Money Transfer Urgent Bill Payment Money Orders Official Checks
Slide 10: MGI Market Share
MGI Market Share MGI Remaining Western Union 4.1 119.8 16.8 MGI FDC Post Office Others 325 250 236 50 Money Order2 1IMF Balance of Payments Yearbook 2Based on MGI Estimates MGI FDC Other In-House 0.16 0.3 0.04 0.5 Official Check2 Money Transfer1 (Based on $ transferred) (Based on transaction volume)
Slide 11: Diverse Client Base Focused on Value Proposition
NY Check Cashers New Relationships Long Term Relationships Diverse Client Base Focused on Value Proposition
Slide 12: Industry Overview: Money Transfer
Money Transfer Tremendous International Flow of Money An estimated $140 billion transferred annually around the globe Over $6 billion annual revenue in global money transfer market Projected to grow 7 percent annually Favorable Population Trends Over 175 million migrant workers and immigrants living
Slide 13: Industry Overview: Money Order and Official Check
Money Order Seasoned market with very favorable economics Primary payment mechanism for unbanked and underbanked Financial Institution Outsourcing (Official Check) One of two providers in the market FIs continue to outsource Industry Overview
Slide 14: Money Transfer is Driving Growth
One of two global money transfer providers 160 countries Expanding global distribution network World-class partners Focus on growth in quality agent locations, 68,000 worldwide Co-branding strategy leverages two powerful brands Most flexible technology solution Investing in the business Focus on mar
Slide 15: Money Transfer is Positioned for Further Growth
Growth in agent locations Maximize financial institution relationships Relentless focus on cost structure Value pricing strategy Money Transfer is Positioned for Further Growth 12/1/1998 12/1/1999 12/1/2000 12/1/2001 12/1/2002 Dec-03 Total 26.7 32 38.5 50.3 57.1 61.5 (in thousands)
Slide 16: Money Orders
Strong position in seasoned market Attractive economics Use of paper-based payment instruments is declining Well positioned to capture market share through new agents and strategic opportunities Focused on maximizing cash flow and profitability 63,500 agents and financial institutions Money Orders W
Slide 17: Official Check
Float Portfolio ($ in millions) Superior technology platform and outsourcing solutions Serving over 15,000 financial institution branch locations Meaningful cross selling opportunities Official Check Delivering low cost services to financial institutions
Slide 18: New Products
New Products New Products Launched Internet MoneyGram e-Money Transfers Yahoo!/MoneyGram New Products in Development PrePaid Debit / Stored Value Cards Electronic payment products Delivering new payment products and financial services
Slide 19: Leveraging our Service Platform
Leveraging our Service Platform Providing innovative technology at the Point-of-Sale for our agents DeltaWorks 4.2 Form-Free Delta T3 Terminal Agent Connect We improve agent productivity with our low cost platform
Slide 20: Pursuing Strategic Alliances and Acquisitions
Pursuing Strategic Alliances and Acquisitions Alliances Financial Institutions Money Transfer Yahoo! Acquisitions Network extension Product extension
Slide 21: Financial Review
Financial Review MoneyGram. a International
Slide 22: Segment Financial Performance
1998 1999 2000 2001 2002 Jun 2003 YTD 0 0 0 0 372.7 392.7 431.2 581.9 672.1 760.7 401 Segment Financial Performance *To be provided after Spin-off $ millions Year End 1Q 2004 2003 2002 2001 Revenue Global Funds Transfer $121.0 $450.1 * * Payment Systems 70.3 287.1 * * Segment Total $191.3 $737.2 $70
Slide 23: Financial Performance
1998 1999 2000 2001 2002 Jun 2003 YTD 0 0 0 0 372.7 392.7 431.2 581.9 672.1 760.7 401 Financial Performance $ millions Depreciation, Amortization & Capital Expenditure
Slide 24: Pro forma Capitalization
Pro forma Capitalization PROPRIETARY INFORMATION FURNISHED ON A CONFIDENTIAL BASIS AND IS NOT TO BE DISCLOSED TO ANY PERSON OR ENTITY WITHOUT THE EXPRESS WRITTEN CONSENT OF VIAD CORP. $ millions
Slide 25: Capital Deployment
Capital Deployment Deploying capital to drive growth and incremental shareholder value Technology enhancements Acquisitions Debt repayment
Slide 26: Investment Highlights
Investment Highlights Clear strategies for growth Strong, growing and defensible market positions Favorable end-market dynamics Leader in payment services solutions and platforms Significant operating leverage Long-term contracts Attractive financial profile: cash flow, margins, minimal debt, divers