Worldline SA · EURONEXT:WLN
Worldline SA — Ingenico — Merger or Acquisition (September 2009)
8 slides from Worldline SA's merger presentation, Sep 25, 2009
Slide 1: easycash acquisition
easycash acquisition September 25, 2009
Slide 2: Disclaimer
Disclaimer This document includes forward‐looking statements relating to Ingenico’s future prospects, development and business strategies. By their nature, forward‐looking statements involve risks and uncertainties and are not guarantees of future performance. Ingenico’s financial condition and resu
Slide 3: Transaction highlights
Transaction highlights ‐ Ingenico to acquire 100% of easycash Beteiligungen GmbH, Key terms a German payment services provider covering the whole payment value chain ‐ Combination of cash & club deal bank facility Key conditions ‐ German anti trust regulatory approval ‐ Consultation of Ingenico SA w
Slide 4: easycash acquisition: A major step in Ingenico's strategic development
easycash acquisition: A major step in Ingenico’s strategic development Strategic plan to position the Group in the transactions services value chain Acquirers Strategic Goals: Managed Terminal Terminal Value Value Added Management Connectivity Processing Processing Added Offer solutions Services & M
Slide 5: easycash: a leading player in payments services in Germany
easycash: a leading player in payments services in Germany A leading player in payment services Based in Ratingen, Germany, 363 employees Acquired by Warburg Pincus and management on 02/11/2006 from First Data Made six acquisitions since 2006, (inc. Experian loyalty services & asset‐base acquisition
Slide 6: Easycash: A leader in a promising market
Easycash: A leader in a promising market Germany: late in the migration towards electronic payment Ongoing substitution of cash usage and increasing card acceptance 240 USA1) Finland Number 200 of card Sweden trans- 160 actions 120 France per adult UK Nether- (2007) 80 lands EU average 40 Austria Sp
Slide 7: easycash: a perfect fit to Ingenico strategic development in transaction services
easycash: a perfect fit to Ingenico strategic development in transaction services Revenue One off One off & fee per fee per One off & fee per business month transaction transaction model Hardware Terminal services Connectivity Value added (maintenance / & transaction Services repair) processing 80%
Slide 8: Financial consideration of the transaction
Financial consideration of the transaction Entreprise Value: €290m – EBITDA multiple of Payment Services Providers – Favorable environment for funded buyers Funding of the transaction – €80m: Company own cash – €210m: senior facility Expected to be accretive on EPS per share (before PPA) in 2010 Syn