Smartgroup Corporation Ltd · ASX:SIQ
Smartgroup — Merger or Acquisition (July 2016)
6 slides from Smartgroup's merger presentation, Jul 4, 2016
Slide 1: Acquisition of Autopia Group
For personal use only Investor presentation Acquisition of Autopia Group 4 July 2016 PAGE 0
Slide 2: Acquisition of 100% of Autopia to grow Smartgroup's leasing portfolio
Acquisition of 100% of Autopia to grow Smartgroup’s leasing portfolio and expand client base in corporate segment For personal use only Autopia overview • Novated leasing specialist to the corporate sector, established in 2004 • ~3,000 vehicles under management across more than 300 corporate employe
Slide 3: Acquisition price implies a 6.5x pro forma FY2016 EBITDA multiple
Acquisition price implies a 6.5x pro forma FY2016 EBITDA multiple For personal use only Transaction overview • Acquisition enterprise value of $36 million • Implied EV/FY2016 EBITDA of ~6.5x 1 • Acquisition to be funded by new debt facilities, existing cash reserves, and $250,000 of Smartgroup share
Slide 4: Autopia will expand Smartgroup's leasing portfolio
Autopia will expand Smartgroup’s leasing portfolio For personal use only PAGE 3
Slide 5: Autopia is Smartgroup's 10th acquisition, and fourth since the IPO
Autopia is Smartgroup’s 10th acquisition, and fourth since the IPO For personal use only 2016 Acquisition of Autopia Trading as Smartsalary Software PAGE 4
Slide 6: 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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