Intuit Inc. · NASDAQ:INTU
Intuit — Merger or Acquisition (February 2020)
12 slides from Intuit's merger presentation, Feb 24, 2020
Slide 1: Intuit's Acquisition of Credit Karma
. . INTUIT. Vturbotax @®dquickbooks @mint Intuit’s Acquisition of Credit Karma February 24, 2020
Slide 2: Cautions about forward looking statements
INTUIT + CREDIT KARMA Cautions about forward looking statements This communication contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements and information usually relate to future events and anticipated revenues, earnings, cash flows or other
Slide 3: Focusing on what matters most for our customers
INTUIT + CREDIT KARMA Focusing on what matters most for our customers OUR CONSUMER PROBLEMS OUR SMALL BUSINESS & SELF-EMPLOYED PROBLEMS NEED RANKING PROBLEM NEED RANKING PROBLEM MAKE ENDS Have enough money to cover my bills & other GET CUSTOMERS 1 asses) customers can take cine, money and MEET atalh
Slide 4: One Intuit Ecosystem
ONE !NTUIT ECOSYSTEM “e Powering Prosperity Around the World >,
Slide 5: One Intuit Ecosystem
ONE INTUIT. ECOSYSTEM Unlocking the power of many for the prosperity of one ceiF-EM PLOYED More’Money a No'Work. Complete. Confidence ANC EGA Isp, AL mt S TuTIONs | piarror® AI-DRIVEN EXPERT PLATFORM Intuit.
Slide 6: Intuit big bets
INTUIT + CREDIT KARMA Intuit big bets Credit Karma accelerates big bet to Unlock Smart Money Decisions REVOLUTIONIZE SPEED TO BENEFIT CONNECT PEOPLE TO EXPERTS UNLOCK SMART MONEY DECISIONS BE THE CENTER OF SMALL BUSINESS GROWTH DISRUPT THE SMALL BUSINESS MID-MARKET Intuit.
Slide 7: Unlocking smart money decisions
INTUIT + CREDIT KARMA Unlocking smart money decisions Our customers’ most important problem is making ends meet Struggling with paying off debt and saving money $14.1T Total household debt in the United States “) ~$1T Credit card debt in the United States “) ~50% Americans live paycheck to paycheck?
Slide 8: Credit Karma is a perfect partner
INTUIT + CREDIT KARMA Credit Karma is a perfect partner Helps members find the right financial product for them based on credit and financial profile credit karma - CAPABILITIES 4 37M® monthly 88% 69 net a 106M) members, active members | engagement promoter Accounts Cards Scale & Trust across the Un
Slide 9: Creating a personalized consumer finance platform
INTUIT + CREDIT KARMA Creating a personalized consumer finance platform Transforming FinTech and powering the economy InTulz credit karma Help consumers find Put more money the right financial products —_in consumers’ pockets Match consumers with offers on loans Give consumers offers for high-yield
Slide 10: Credit Karma acquisition grows TAM to $275B
INTUIT + CREDIT KARMA Credit Karma acquisition grows TAM to $275B GROW THE CORE Our opportunity in consumer tax and SMB financial management software in the U.S. + Core markets: US. + Products: Do-it-yourself and Assisted CONNECT THE ECOSYSTEM Our opportunity to provide a suite of inter- connected s
Slide 11: Transaction details
INTUIT + CREDIT KARMA Transaction details * $7.1B total consideration "), subject to customary adjustments, comprised of half cash and half stock. Transaction Consideration * Total consideration includes an estimated $1 billion of equity awards. * Additional $300M of retention equity will be granted
Slide 12: Thank you
Thank you