Synchrony Financial · NYSE:SYF

Synchrony Financial — Merger or Acquisition (November 2017)

7 slides from Synchrony Financial's merger presentation, Nov 16, 2017

  1. Slide 1: PayPal & Synchrony Financial Expanded Strategic Credit Relationship

    PayPal & Synchrony Financial Expanded Strategic Credit Relationship November 16, 2017 Exhibit 99.1

  2. Slide 2: Disclaimers: Cautionary Statement Regarding Forward-Looking Statements

    2 Disclaimers Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “saf

  3. Slide 3: Credit Partnership Advantages

    3 Credit Partnership Advantages Consumer Credit at PayPal • Important flywheel product • Lower funding cost • Higher average order value and TPV per customer • New customers activated on PayPal Credit have 50% higher engagement than average new activated1 • Higher merchant adoption rates PayPal’s Ad

  4. Slide 4: Extending a Long-Term, Value-Creating Relationship

    4 Extending a Long-Term, Value-Creating Relationship Driving exceptional consumer & merchant product experiences Best of joint capabilities across the value chain Successful partnership for 13+ years PayPal’s fully integrated front end & superior transaction data Uniquely positioned to grow through

  5. Slide 5: Powerful Partnership Structure

    5 Powerful Partnership Structure • Shared data will enable superior underwriting, fraud and risk management • Governed by a joint Strategic Operating Committee, with PayPal retaining decision- making authority on core PayPal matters, such as marketing, branding, and merchant selection • Marketing, i

  6. Slide 6: Transaction Summary

    6 Transaction Summary Receivables Purchased Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation inter

  7. Slide 7: Expanded Strategic Credit Relationship with PayPal

    7 Expanded Strategic Credit Relationship with PayPal Strategic Economic • Expands 13+ year successful partnership with leading global digital payments company ‒ Acquiring PayPal Credit elevates PayPal to Top 5 partner status at SYF • Core program acquisition, ability to deliver significant value to

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