15 slides from W.a.g. Payment Solutions's merger presentation, Oct 25, 2022
Slide 1: Acquisition of Inelo
Acquisition of Inelo October 2022 Martin Vohánka / Founder and CEO Magdalena Bartoś / CFO 1
Slide 2: Disclaimer
Disclaimer This presentation comprises certain written materials/slides prepared by and is the sole responsibility of W.A.G payment solutions plc (the Company) in connection with the Company’s proposed acquisition of Grupa Inelo S.A. (Inelo) (the Proposed Acquisition). This document, its contents an
Slide 3: Today’s agenda
Today’s agenda 1 Introduction to Inelo 2 Strategic rationale 3 Transaction summary 4 Conclusion 5 Q&A 3
Slide 4: Inelo at a glance
Inelo at a glance One-stop-shop integrated mobility solutions platform for heavy fleet transportation companies Overview Network & Scale Financial Profile(1) Technology ~54% ~87,000 In FY2021: Proprietary Fleet Management Connected trucks €26.8m technology Systems (FMS) in FMS(6) Revenue(2) solution
Slide 5: Strategic rationale
Strategic rationale More connected • Leader in Poland, the largest CRT market in Europe, with critical mass in Slovenia, Croatia trucks and Serbia Stronger • Presence in 16 Western and Central European countries in total Builds scale geographic • Adds approximately 87,000 connected trucks(1), with ~
Slide 6: Unlocking further network potential
Unlocking further network potential • Network expansion: Inelo adds approximately 87,000 connected trucks accelerating network expansion and geographical reach • Growing network economic potential adding Inelo’s offering and truck base to Eurowag’s platform further increases the combined network pot
Slide 7: Aligned with key growth drivers
Aligned with key growth drivers Growth Geographic Go-to Digital Accretive from existing expansion market channel platform M&A customers and penetration expansion development Inelo highlights • Significant cross-selling • Complementary geographic • Increases sales presence in • New mission critical p
Slide 8: Integrated end-to-end digital platform
Integrated end-to-end digital platform CONNECTING THE CRT INDUSTRY TOGETHER IN ONE PLATFORM TO MAKE COMMERCIAL TRANSPORTATION CLEANER, FAIRER AND MORE EFFICIENT PLATFORM END-TO-END PAYMENT SOLUTIONS MOBILITY SOLUTIONS SERVICES DATA DRIVER TRUCKS & TRANSACTIONS DESTINATION & GEO- TAX BEHAVIOURS INFOR
Slide 9: Transaction summary
Transaction summary ▪ Enterprise value of up to €306 million ▪ Cash consideration payable on completion of €224 million with Eurowag also acquiring approximately €70 million of net debt (subject to certain Key Terms and closing adjustments) with up to €58 million of debt payable(2) on completion Val
Slide 10: Inelo’s complementary financial profile
Inelo’s complementary financial profile Inelo(1) Enlarged Group Near-term enlarged €20.6m €26.8m Group Net Revenue split H1 2022 Revenue(3) FY2021 Revenue(2) with 40.6% y-o-y growth ~55% €9.0m €10.4m H1 2022 Adjusted EBITDA(3) FY2021 Adjusted EBITDA(2)(4) ~45% 43.8% c.80% Mobility solutions Payment
Slide 11: Trading update
Trading update Strong performance in line with expectations For the nine months of 2022: €135.6m €96.9m 12.9% Growth of 23.3% Growth of 20.1% Growth in average number Growth in Group net Payment solutions net of payments solutions energy and services sales revenue active customers 19.2% €38.7m 6.4%
Slide 12: Outlook and medium term guidance
Outlook and medium term guidance Net revenue Current trading Notwithstanding current headwinds, following the completion of the acquisition of Inelo, Eurowag expects to continue to growth deliver organic net revenue growth between high teens and low twenties per cent over the medium term. Adjusted M
Slide 13: Transaction Timeline
Transaction Timeline Summary Dates Announcement of Transaction 25 October 2022 Circular Published Late Q4 2022 General Meeting Q1 2023 Expected Date of Completion(1) Q1 2023 Notes: (1) Subject to shareholder approval as well as the receipt of approval from relevant foreign direct investment regulato
Slide 14: Key takeaways
Key takeaways Strengthens geographical footprint and roughly doubles the number Scale of connected trucks Mission critical Expands product capabilities with addition of mission critical product and data working time management software Multiplies network effects thanks to new product and data Networ
Slide 15: Q&A
Q&A Copyright ©2022 W.A.G. Payment Solutions 15