Corporate Travel Management Limited · ASX:CTD

Corporate Travel Management — Merger or Acquisition (August 2011)

10 slides from Corporate Travel Management's merger presentation, Aug 4, 2011

  1. Slide 1: etm Acquisition

    For personal use only etm Acquisition Jamie Pherous, Managing Director 4 August 2011 1

  2. Slide 2: Disclaimer

    Disclaimer For personal use only This document is not a prospectus under Australian law and does not constitute an offer, invitation or recommendation to subscribe for or purchase any security or financial product and neither this document nor anything contained in it shall form the basis of any con

  3. Slide 3: Agenda

    Agenda For personal use only 1. Overview of the etm business. 2. How etm fits into CTM’s longer term strategy. 3. A combined integrated company- the opportunities. 4. Mechanics of the acquisition & key dates. 5. FY12 forecast & funding arrangements. 3

  4. Slide 4: 1. Overview of etm

    1. Overview of etm • Melbourne based corporate travel and event management business. For personal use only • Formed in 2001 by its 3 Directors, David Hummerston, Leon Burman, Jan Upton. • FY11 TTV approximately $70m. • High client and staff retention with strong cultural alignment to CTM’s values an

  5. Slide 5: 2. How etm fits into our Longer Term Strategy

    2. How etm fits into our Longer Term Strategy • Enhances CTM’s service platform for continued growth in Australia & NZ For personal use only – Melbourne is Australia’s 2nd largest city for corporate clients. – Delivery of significant synergies in overheads. • The opportunity that exists - an integra

  6. Slide 6: 3. Combined Entity - Improved diversification and scalability (corporate)

    3. Combined Entity - Improved diversification and scalability (corporate) For personal use only CTM FY11 CTM including etm FY11 QLD QLD 30% 27% NSW NSW 36% WA 40% WA 16% 17% VIC VIC 18% 10% NZ 3% NZ 3% • etm enhances CTM’s well diversified geographic portfolio, providing further scalability and lowe

  7. Slide 7: Compelling 'one stop' corporate specific solution

    Compelling ‘one stop’ corporate specific solution CTM FY11 CTM including etm FY11 For personal use only 375 F.T.E. Staff 440 F.T.E. Staff Corporate Corporate 97% 94% MICE & MICE & Leisure Leisure 3% 6% • Opportunity to offer specialised MICE and High-End VIP expertise to large corporate client base.

  8. Slide 8: Best In Australia - Award Winning Combination

    Best In Australia -Award Winning Combination For personal use only etm CTM Winner 2011 inaugural award for Best National Corporate Travel Best Conference and Incentive Management Company Travel Agency . for 7 of the past 8 years. 8

  9. Slide 9: 4. Mechanics of the Acquisition

    4. Mechanics of the Acquisition • Settlement 1 October 2011 enabling a 9 month contribution to CTM FY12 For personal use only results. • Base cash consideration (approx. 5x NPBT FY11) of $8.5m, comprising: • Deposit (paid 2 August 2011) $0.9m. • Tranche #1 contract signing payable (1 October 2011) $

  10. Slide 10: 5. FY12 Forecast and Funding Arrangements

    5. FY12 Forecast and Funding Arrangements Funding: For personal use only • Acquisition fully funded from CTM cash reserves and future cash flow. in the ordinary course of business. • Pro-forma net cash at 30 June 2011 expected to be circa $15.7m. • No anticipated impact on CTM dividend policy for FY

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