Majesco — Merger or Acquisition (August 2020)
16 slides from Majesco's merger presentation, Aug 10, 2020
Slide 1: Transaction Update August 8, 2020
Transaction Update August 8. 2020
Slide 2: Disclaimer
© 2020 Majesco. All rights reserved 2 Disclaimer : The material in this presentation is given in summary form and does not purport to be complete . Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or poten
Slide 3: Cautionary Language Concerning Forward-Looking Statements
© 2020 Majesco. All rights reserved 3 Cautionary Language Concerning Forward - Looking Statements This presentation contains forward - looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act . These forward - looking statements are made o
Slide 4: Agenda
1. Transaction Summary Update 2. Transaction Value Update 3. Transaction Realization Update to Shareholders 4. Appendix AGENDA
Slide 5: Transaction Summary Update
© 2020 Majesco. All rights reserved Transaction Summary Update 5 Transaction Update Majesco (MJCO), subsidiary of Majesco Limited, today announced that it has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P ., a leading private equity firm focused on the software and techno
Slide 6: Transaction Value Update
© 2020 Majesco. All rights reserved Transaction Value Update *Note: The terms EBITDA and Adjusted EBITDA are not defined under U.S. generally accepted accounting principles (U.S. GAAP), and are not a measure of operating income, operating performance or liquidity presented in accordance with U.S. GA
Slide 7: Value Realization Update to Majesco Ltd Shareholders
© 2020 Majesco. All rights reserved Value Realization Update to Majesco Ltd Shareholders Unit Value Nos of Shares held in MJCO Nos Mn 32.11 Price Offered per share USD 13.1 Value to Majesco Ltd (Pre-tax) USD Mn 420.7 Value to Majesco Ltd (Pre-tax) INR Mn 31549 Current Market Cap (17-July-2020) INR M
Slide 8: Appendix
© 2020 Majesco. All rights reserved Appendix Last Update – July 20, 2020 8
Slide 9: Transaction Summary
© 2020 Majesco. All rights reserved Transaction Summary 9 Transaction Majesco (MJCO), subsidiary of Majesco Limited, has signed a definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology - enabled services sectors, in a transactio
Slide 10: Majesco Group Legal Structure
© 2020 Majesco. All rights reserved Majesco Group Legal Structure 10 MAJESCO LTD (BSE/NSE) MAJESCO (MJCO) (NASDAQ) 74.07% Promoters Public 61.77% 38.23% Public 25.93% 8 Direct & Indirect Subsidiaries 100.00% NB : Shareholding shown based on outstanding shares Majesco Ltd owns 32.11 Mn shares in Maje
Slide 11: Current Market Capitalization
© 2020 Majesco. All rights reserved Current Market Capitalization 11 Current Market Cap of Majesco (MJCO) USD 331 Mn Source: NSE, NASDAQ Based on closing price on 17 - Jul - 20 Unit Value Close Price on Nasdaq (17-July-2020) USD 7.64 52 week high / low USD 10.03 / 4.57 30 day average USD 7.53 3 mont
Slide 12: Transaction Value and Price Premiums
© 2020 Majesco. All rights reserved Transaction Value Unit Value Transaction price per share USD 13.1 % Premium to close price (17-July-2020) % 71.5% % Premium to 30 days average % 74.0% % Premium to 3 month average % 94.7% % Premium to 52 week high/low % 30.6%/186.7% Price Premiums *Note: The terms
Slide 13: Value Realization to Majesco Ltd Shareholders
© 2020 Majesco. All rights reserved Value Realization to Majesco Ltd Shareholders Unit Value Nos of Shares held in MJCO Nos Mn 32.11 Price Offered per share USD 13.1 Value to Majesco Ltd (Pre-tax) USD Mn 420.7 Value to Majesco Ltd (Pre-tax) INR Mn 31549 Current Market Cap (17-July-2020) INR Mn 10576
Slide 14: Use of Proceeds, Approvals and Timelines
© 2020 Majesco. All rights reserved Use of Proceeds, Approvals and Timelines Use of Proceeds Key Approvals The Company intends to distribute entire proceeds from the sale of its stake in Majesco (MJCO) (net of taxes, transaction costs and other expenses to be incurred during the intermediary period)
Slide 15: Reconciliation of Adjusted EBITDA to Net Income
© 2020 Majesco. All rights reserved Reconciliation of Adjusted EBITDA to Net Income NET CASH/ (DEBT) TION FY19 NET CASH POSITION 15 FY20 Add: Exceptional Items: M&A Costs $0.4M $0.0M $0.7M Add: Stock Based Compensation $2.9M $1.6M $2.9M Less: Reversal of accrual for contingent liability $(0.8)M $0.0
Slide 16: Thank You
© 2020 Majesco. All rights reserved Thank You 16