Smartgroup Corporation Ltd · ASX:SIQ

Smartgroup — Merger or Acquisition (September 2017)

7 slides from Smartgroup's merger presentation, Sep 11, 2017

  1. Slide 1: Acquisitions of RACV Salary Solutions & Aspire Benefits Management

    For personal use only Investor presentation Acquisitions of RACV Salary Solutions & Aspire Benefits Management 8th September 2017 PAGE 0

  2. Slide 2: About RACV Salary Solutions and Aspire

    Acquisition of RACV Salary Solutions and Aspire For personal use only About RACV Salary Solutions • Salary packaging provider to all segments of the market • Established in 2005, based in Adelaide with c.100 staff • Administers c.38,000 salary packages and c.4,500 novated leases across c.700 employe

  3. Slide 3: Transaction summary

    Transaction summary For personal use only Key acquisition terms • Agreement to acquire the assets of RACV Salary Solutions for $27.0m plus $7.0m(1) (2) retained in escrow • All-cash transaction, funded from cash reserves and existing debt facilities • Transaction agreement executed 8th September 201

  4. Slide 4: Growth in salary packages and novated leases

    Growth in salary packages and novated leases For personal use only Salary packaging customers Novated lease carpark PAGE 3

  5. Slide 5: Expected financial impact on Smartgroup

    Expected financial impact on Smartgroup For personal use only Combined financial impact Excluding one-off integration costs: • Combined CY 2017 EBITDA contribution expected to be c.$1.2m, for the balance of the year • Combined CY 2018 EBITDA contribution expected to be c.$12.0m, full synergy run rat

  6. Slide 6: Smartgroup's salary packaging and novated leasing footprint

    Smartgroup’s salary packaging and novated leasing footprint For personal use only Smartgroup’s outsourced salary packaging and leasing offerings(1) PBI Government Corporate Rebatable Completed December 2015 Completed July 2016 PBI clients transitioned to Completed August 2016 Advantage & AccessPay C

  7. Slide 7: Important notice and disclaimer

    Important notice and disclaimer. (“Important Notice”) For personal use only Disclaimer This presentation has been prepared by Smartgroup Corporation Ltd (ACN 126 266 831) (“Smartgroup”) and is general background information about Smartgroup’s activities current as at the date of this presentation. T

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