Euronet Worldwide, Inc. · NASDAQ:EEFT
Euronet Worldwide — Merger or Acquisition (March 2017)
19 slides from Euronet Worldwide's merger presentation, Mar 14, 2017
Slide 1: Euronet's Proposal to Acquire MoneyGram
Exhibit 99.2 Exhibit 99.2 EURONET Euronet’s MARCH 14, Proposal WORLDWIDE 2017 to Acquire MoneyGram
Slide 2: Forward Looking Statements
Forward This Euronet Forward-looking factors agreement financial authorities by documents materially 1not otherwise. competitors todocument put could and Looking benefits undue from on may that MoneyGram, cause the may contains Euronet delay those reliance statements terms of Statements actual negat
Slide 3: Defined Terms
Defined Unless non-recurring Adjusted currency expense, non-GAAP The related 2amount reconciliation Company GAAP specifically of Terms g) exchange EBITDA earnings which, measures non-cash items to does non-GAAP based per of is gains noted not that non-GAAP aincome used share non-GAAP provide on are
Slide 4: Euronet Worldwide Overview
Euronet Founded: Leading Market Employees: Market: 2016 Adjusted EFT epay Operates ~$38 1.9 >35,000 Provides Driving Operate Processing ~661,000 ~305,000 ~$13 1.3 Money 146 32 ~317,000 $33 82.3 53 (1) (2) Money million As billion Money billion million Segment Segment Adjusted Revenue: billion ofTran
Slide 5: Our Proposal to MoneyGram
Ourfinancing Consideration stock MoneyGram Regulatory Expected No Committed 4Financing Proposal on an Close Approvals financing as-converted stockholder condition $15.20 Expected from &inbasis approval cash all Wells close required forFargo byand each end jurisdictions, approval Bank, share of calen
Slide 6: A Clearly Superior Offer
A Clearly Substantial ~15% Compelling ~38% on Provides No Significantly Certainty Confident 5outside January CFIUS toadvisors agreed MoneyGram’s clear & Superior inreview 25, premium Speed ability Improved Value path 2017 uponOffer to to ~28% to licenses purchase closing secure current three-month N
Slide 7: Significantly Improved Certainty and Speed to Close
Significantly Competition Engaged approval Federal Increased Records will Substantial beneficial Merger mitigation Money State Approvals 6All licenses complicate Control Transmitter agreement of third in breakup ownership, speed to personal time due inReview address Improved confidenceevaluate New p
Slide 8: Creating a Compelling Value Proposition for Stockholders
Compelling Scale Fragmented Complementary Proven Team 7Creating inAccretive aaManagement Leader Highly Value MarketPositioned for Euronet Platforms Immediately for Stockholders Growth
Slide 9: Euronet with MoneyGram: Leading Global Performance
Euronet with Leading Global Over XE Operates Globally Second Robust Also Revenue(1) Revenue: epay 35% 41% EFT Money 24% (1) (2) (3) For Other mobile website offices provides 35,000 305,000 800,000 317,000 Adj. Transfer Money payment Transfer the 89% digital/self-service largest & electronic recogniz
Slide 10: Opportunity in Global Remittances
Opportunity Access global Estimated for at Top Global Providers Remittance Strengthens with Increased compete enhanced 9(1) aMigration Global 4% 3legacy economy to CAGR with Adds digital efficiency cash Market Remittances leaders competitive industry innew and continues afrom important investments F
Slide 11: Highly Complementary Distribution Platforms
Highly Complementary Complementary Distribution MoneyGram Augments Product enhance Euronet’s Best-in-class retailers Enhanced Organization 10 Suite the EFT Compliance value has Incremental compliance Euronet and market Bill aproposition primary Greater ePay payment has Platforms segments future orga
Slide 12: World-Class Product Suite
World-Class Product ATM POS Prepaid Consumer-to-Consumer ATM-to-ATM Digital Foreign Currency Check Business-to-Business Globally Consumer-to-consumer Bill Official Money 11 payment, acquiring deployment cashing content foreign orders mobile-top debit check Distribution currency Recognized exchange i
Slide 13: Proven Track Record of Successfully Integrating Acquisitions
Proven aSignificant Successfully Since >20% Rapid $205 Integrated Growing Expanding 12proven million 2011, expansion adjusted Global track headcount several pro collective Euronet integrated inrecord Management forma earnings pro ofacquisitions forma Euronet’s at has Adjusted of industry a35+ >12% g
Slide 14: Immediate Achievable Cost Synergies
Immediate Achieve Savings Reduction Strong Meaningful At Significant Targeted Cost 13 closing Synergies Financial through synergies leverage in expected Value Cost free accretion capital of cash Synergies the Position Creation $60 of simply pro combination expenditures less flow to Million forma Adj
Slide 15: Expected Next Steps
Expectedof MoneyGram’s MoneyGram Euronet Receipt Transaction 14 and Next MoneyGram expected MoneyGram terminates Board Steps of to stockholder close merger Directors enterbyinto agreement end makes aand of merger calendar customary “Company with agreement Ant year regulatory in Superior 2017 favor o
Slide 16: Supplemental Reconciliation: Adjusted EBITDA Calculation
Supplemental Reconciliation Calculation 3($ MoneyGramEuronetCombined 12/31/15 Revenue Net Operating Add: Adjusted Source (1) ended (2) 15Months inIncludes MoneyGram’s Income millions) Amortization Total Income Depreciation Stock-Based Severance Reorganization Legal December forEBITDA(1) Ended Income
Slide 17: Supplemental Reconciliation: Adjusted EPS
Supplemental Reconciliation For ($ 12 12/31/11 Net Foreign Intangible Share- Other Income Change Gain Loss Non- Diluted Effect Adjusted 16 in Months the Income millions, on Cash Non- of Based 12 Tax Weighted in Exchange Early Settlement Unrecognized Earnings Diluted Asset Value Month 12/31/16 Ended
Slide 18: Supplemental Reconciliation: Pro Forma Revenue and EBITDA
Supplemental Reconciliation ($ 2016 12 12/31/07 Revenue Operating Adjusted Add: Pro Euronet in Months Forma millions) Depreciation Proacquired EBITDA Forma Income Adjusted $159 Revenue 12/31/16 Ended Data ofAdjustment Euronet $802 RIA Euronet’s (loss) and 12 EBITDA $21 $205 Envia, Amortization Month
Slide 19: Euronet Worldwide
Euronet WORLD WIDE
Euronet Worldwide — Merger or Acquisition (March 2017) on 6ix