Shift4 Payments, Inc. · NYSE:FOUR
Shift4 Payments — Merger or Acquisition (February 2025)
16 slides from Shift4 Payments's merger presentation, Feb 18, 2025
Slide 1: Acquisition of Global Blue
February 18, 2025 Acquisition of Global Blue
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 Payments, Inc. (“we,” “our,” the “Company,” or “Shift4”) intends such forward-looking statements to be covered by the safe ha
Slide 3: Shift4 has entered into an agreement to acquire Global Blue for $2.5 billion
Shift4 has entered into an agreement to acquire Global Blue for $2.5 billion in an all-cash transaction Clear market leader serving the Further reinforces our commitment most recognizable luxury retailers to evolve Shift4 into an integrated all over the world (75K+ global payments platform merchants
Slide 4: Global Blue is a Leader in Global Payments Technology
Global Blue is a Leader #1 50+ in Global Payments TAX FREE SHOPPING SOLUTIONS COUNTRIES1 Technology ➔ Diversified portfolio of tax-free shopping solutions and other value-added offerings including Dynamic Currency ~€30B $500B+ Conversion (“DCC”), Multi-Currency Payments (“MCP”) CY2024 SALES IN STORE
Slide 5: Global Blue has an Iconic Portfolio of Brands Around the World
Global Blue has an Iconic Portfolio of Brands Around the World
Slide 6: Global Blue Operates a Two-sided Network Connecting Merchants and Shoppers Globally
Global Blue Operates a Two-sided Network Connecting Merchants and Shoppers Globally 75K RETAILERS WITH 400K+ LOCATIONS 15M+ INTERNATIONAL SHOPPERS
Slide 7: Differentiated Product Suite for Blue Chip Luxury Merchant Base
Differentiated Product Suite for Blue Chip Luxury Merchant Base Payments Solutions Tax Free Shopping Description Description ➔ Enables international shoppers to make payments ➔ Support international shoppers with the Value in local currency across 30+ countries in Europe Added Taxes (“VAT”) refund p
Slide 8: How Does the Tax-Free Shopping Solution Work?
How Does the Tax-Free Shopping Solution Work? INTERNATIONAL RETAILERS CUSTOMS & REFUND AGENT SHOPPER AUTHORITIES AT AIRPORTS PURCHASE (including VAT) €70 €600 Consumer Refund Purchase: €500 VAT: €100 €15 Merchant Revenue Issuing Export Validation Refunding (Tax free form) (Goods) (VAT) In store At t
Slide 9: Global Blue has Multiple Long-Term Growth Drivers
Global Blue has Multiple Long-Term Growth Drivers Expanding Market Opportunity ➔ Continued Growth in Tax-Free Shopping in Existing Geographies Italy, France, Spain, Germany, Japan, Korea, Singapore, etc. ~6% ➔ Further Penetrate Existing Markets through Ongoing Digitization PERSONAL GOODS 1 LUXURY MA
Slide 10: A Shared Vision of Empowering Merchants Globally
A Shared Vision of Empowering Merchants Globally 1 Global Blue Enhances Shift4’s Unified Commerce Platform ➔ Shift4’s end-to-end payments platform brings differentiation and scale to Global Blue ➔ Global Blue expands Shift4’s product suite and provides additional use cases for Shift4’s offerings glo
Slide 11: Acquisition of Global Blue Continues Shift4's Evolution into a Global Integrated Payments Platform
Acquisition of Global Blue Continues Shift4’s Evolution into a Global Integrated Payments Platform X Combined Company Leading Player in Hospitality, #1 Tax Free Shopping Provider Global Payments Market Sports & Entertainment, Focused on Luxury and Technology Leader in Position and Restaurants Non-lu
Slide 12: Our New Global Footprint
Our New Global Footprint 75+ COUNTRIES
Slide 13: Driving Long-term Growth with Meaningful Revenue Synergies
Driving Long-term Growth with $80MM+ $70MM+ of run-rate revenue …to drive run-rate Meaningful synergies by 2027… EBITDA contribution Revenue Synergies Benefit from Global Blue’s long-term Accelerate penetration of DCC offering Accelerate monetization of Global merchant relationships and Shift4’s uni
Slide 14: Building Strategic Partnership with Ant International and Tencent
Building Strategic Partnership with Ant International and Tencent Ant International and Tencent will become shareholders in the combined business The partnership will include collaboration with Shift4 on the development of our global unified payment platform including payment product development, ex
Slide 15: Transaction Overview
Transaction Overview ➔ Transaction valued at market value of $2.0B or $7.50 per share, implying enterprise value of ~$2.5B TRANSACTION ➔ Purchase price represents a ~15% premium over Global Blue’s closing share price of $6.54 as of SUMMARY February 14, 2025 ➔ Valuation represents ~13x CY2024 EV / EB
Slide 16: SHIFT @
SHIFT @
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