Thomson Reuters Corporation · TSX:TRI
Thomson Reuters — Merger or Acquisition (January 2024)
9 slides from Thomson Reuters's merger presentation, Jan 19, 2024
Slide 1: Thomson Reuters Acquisition of Pagero
Thomson Reuters Acquisition of Pagero Strategic Purchase of E-Invoicing Leader to Bolster Tax Compliance Offerings January 19, 2024
Slide 2: Special Note
Special Note Special Note Regarding Forward-Looking Statements, Material Assumptions and Material Risks This presentation consists of these slides and the associated remarks and comments, which are related and intended to be presented and understood together. Certain statements in this presentation
Slide 3: Transaction Summary
Transaction Summary • Pagero is a global leader in e-invoicing and indirect tax solutions, delivered through its Smart Business Network • The company is publicly traded in Sweden, and operates on a global basis, serving ~90k customers Pagero • E-invoicing is an exciting growth opportunity, with a ~$
Slide 4: Pagero Overview
Pagero Overview Pagero offers a comprehensive suite of global e-invoicing and indirect tax solutions that ensure compliance and provide workflow automation benefits for customers Through a single, modern and open technology platform, Pagero links Key Facts customers, suppliers, and institutions, all
Slide 5: E-invoicing is a significant growth opportunity
E-invoicing is a significant growth opportunity What is E-Invoicing? Pagero E-invoicing Solution • E-invoicing is a digitized form of billing where companies send and receive invoices in a structured, digital format. • Continuous transactional controls (CTC) are government reporting requirements for
Slide 6: Strategic Rationale
Strategic Rationale The combination of Pagero with Thomson Reuters offers a compelling strategic fit that we believe will yield improved compliance and workflow automation benefits for our customers and strong long-term value creation for our shareholders Key Strategic Benefits: ➢ Legal requirements
Slide 7: Pagero and TR create an end-to-end Indirect Tax workflow
Pagero and TR create an end-to-end Indirect Tax workflow REAL-TIME PERIODIC REPORTING E-invoicing E-invoice File Indirect & Determine E-Invoice Submit SAF-T creation and Receipt and Reporting Direct Tax Indirect Tax Distribution and SII file Clearance Validation Compliance ONESOURCE™ E-Invoicing Com
Slide 8: Financial Considerations and Timeline
Financial Considerations and Timeline • Thomson Reuters’ offer of 50 SEK values Pagero at ~$800M, to be funded with cash on hand • The transaction is expected to be accretive to revenue growth but modestly dilutive to EBITDA margins, with Financial profitability scaling with revenue over the next se
Slide 9: Q&A
Q&A
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