Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — Jetset Travelworld — Merger or Acquisition (February 2008)
11 slides from Helloworld Travel's merger presentation, Feb 21, 2008
Slide 1: Merger of Jetset Travelworld with Qantas Holidays and Qantas Business Travel
For personal use only Merger of Jetset Travelworld with Qantas Holidays and Qantas Business Travel 21 February 2008
Slide 2: Transaction overview
Transaction overview For personal use only Jetset Travelworld Limited (“Jetset”) and Qantas Airways Limited (“Qantas”) jointly announced the proposed merger of Jetset with Qantas Holidays and Qantas Business Travel to create a leading integrated travel services group in Australia with significant
Slide 3: Transaction structure
Transaction structure For personal use only Existing Jetset Jetset to issue shares to Qantas in shareholders exchange for 100% of Qantas Holidays 58% 42% and Qantas Business Travel (a) Qantas to become a 58% shareholder of Jetset Jetset shareholders to receive a half- 100% year ordinary divide
Slide 4: Creating a leading integrated player
Creating a leading integrated player For personal use only One of Australia’s largest retail travel agency networks One of Australia’s largest corporate travel management businesses Leading Australian travel wholesaler 3
Slide 5: Jetset Travelworld
Jetset Travelworld For personal use only A nationwide retail footprint with approximately 630 members Strong retail brands Leading franchisor Loyal network of franchisees and affiliate members Strong diversified supplier relationships Attractive agent rewards programme 4
Slide 6: Qantas Holidays
Qantas Holidays For personal use only Australia’s leading travel wholesaler Expertise in all key markets Unmatched scale Strong diversified supplier relationships Strong growth platform Multi-channel distribution 5
Slide 7: Qantas Business Travel
Qantas Business Travel For personal use only One of Australia’s largest corporate travel managers Blue chip clients Long-term customer relationships Advanced IT platform Well defined growth strategies Dedicated and experienced workforce 6
Slide 8: Creating an integrated platform for growth
Creating an integrated platform for growth For personal use only Jetset with Qantas Holidays and Qantas Business Travel creates a focused travel business which covers each segment of the travel market Enhance franchisee offering Integrate corporate travel Retail service Network expansion New geograp
Slide 9: Merger rationale
Merger rationale For personal use only Provides greater access to a broader range of land and air Builds scale content Increases capital markets scale Creates a full service, fully integrated group bringing together Jetset’s large retail network with Qantas Holidays’ leading Enhanced wholesale
Slide 10: Board and management
Board and management For personal use only New Jetset Board to have seven Directors Board of John King to remain as independent, non-executive Chairman Directors Qantas has the right to nominate four board members Peter Collins to be appointed as new Group CEO Andrea Slark to be appointed
Slide 11: Key financials – new Jetset Travelworld
Key financials – new Jetset Travelworld For personal use only Pro forma profit & loss (A$m) 2007A(a) Jetset Travelworld EBITDA 17.7 Qantas Holidays / Qantas Business Travel EBITDA 22.3 Combined EBITDA 40.0 Combined EBIT 38.9 Combined PBT 53.6 Combined NPAT 39.0 Note: (a) Qantas Holiday / Qantas Busi
Jetset Travelworld — Merger or Acquisition (February 2008) on 6ix