Investors Presentation SEPTEMBER 2014
Ingenico Group / Global leader in seamless payment Created in 1980 Headquartered 4,800 Global employees in Paris 125 countries 30+ years of expertise and 64 80 sites leadership nationalities 2 Ingenico Group – Investors Presentation - September 2014
Ingenico Group / A proven track record in executing strategy and generating profitable growth • Revenue (in m€) • EBITDA (in m€) 1301 1371 276 ~x2.5 1206 ~x2 223 21.2% 180 166 1001 18.5% 907 105 18.3% 18% 701 15% 2009 2010 2011 2012 2013PF * 2009 2010 2011 2012 2013PF * TransferTo contribution * PF: excluding TransferTo as of January 1, 2013 3 Ingenico Group – Investors Presentation - September 2014
Ingenico Group / a unique positioning across the payment value chain • Unrivalled acceptance network • Across all channels: in-store, on line and mobile • EMV / NFC native • Global • Agnostic 4 Ingenico Group – Investors Presentation - September 2014
Ingenico Group / at the centre of the payment process Approval Schemes Multiple payment Certified standards, with connections local/global protocols and regulations GATEWAY Multi-channel Certified connections Reporting, VAS, CRM and Data analytics Seamless Seamless payment service purchasing experience 5 Ingenico Group – Investors Presentation - September 2014
Trusted partner / From small merchants to global brands Network of Accepting 1000+ 250 + Financial payment methods institutions Partner with 250,000+ 70% merchants of the Top30 connected to our leading retail platforms (FtoF, brands online, mobile) 6 Ingenico Group – Investors Presentation - September 2014
Deploying our strategy / 3 key pillars Providing smart, trusted and secure payment solutions whatever the channel multi-local innovative comprehensive 7 Ingenico Group – Investors Presentation - September 2014
Multi-local approach / driving strong performance North America Europe SEPA Asia Pacific - # 1 in - #1 in - # 1 in Canada* Europe* China* - EMV - Deploying - Increased migration Payments commercial - Leveraging services network on US ISO whatever (Indonesia) network the channel - #1 in - #1 in Brazil* Turkey* - Gaining - Densifying traction the across the distribution region network Latin America EMEA *Ranking for terminal business 8 Ingenico Group – Investors Presentation - September 2014
Innovation / fuelling future growth R&D >100m€ Telium3 / Our next generation payment platform open to new ecosystems and New range of terminals in 2014 partners EMV and NFC native 7+ million NFC terminals shipped • Improved form factor since 2010 New terminal to become the privileged point of interaction TELIUM 3 between merchants & consumers Payment Business & acceptance consumer in connected apps devices 9 Ingenico Group – Investors Presentation - September 2014
A comprehensive offer/ building a seamless agnostic offer, whatever the channel IN-STORE ONLINE MOBILE #1 in payment Adding new on-line 100K merchants • • • terminals worldwide payment methods for connected to our merchant to enrich the platform 110K+ terminals • retailer-consumer connected to our Operating in 14 • relationship: Slimpay platform countries (Sepa Direct Debit), SEQR (Seamless/QR code),… 10 Ingenico Group – Investors Presentation - September 2014
Accelerating towards software and services / GlobalCollect acquisition 2009 Revenue 20013PF* Revenue • 2013 PF* revenue from 33% payment services to exceed €500m 12% 67% 88% *2013PF revenue excluding TransferTo contribution and including GlobalCollect in 2013 11 Ingenico Group – Investors Presentation - September 2014
GlobalCollect acquisition / well on track • Leading global online full service payment provider • Created in 1994 • Headquartered in Amsterdam, with 8 regional offices Key transaction highlights: • 500+ employees / 35 nationalities Purchase price of €820 • • A solid business model million Revenue based on % of transaction in value • Financed with available cash • 2013 gross revenue: €305 million (€220m) and bank debt • (€600m) • 2013 adjusted EBITDA*: €50 million Closing expected by early Q4 • • A global reach 2014 170 countries / 150+ currencies • *EBITDA adjusted of management fees and some non recurring items 12 Ingenico Group – Investors Presentation - September 2014
GlobalCollect / an opportunity to add to Ingenico Group’s strength Enhancing access Complementing Enriching value proposition to global customer base geographical footprint More than 550 tier-1 • Including electronic cash • ~60% of GlobalCollect’s • cross-border merchants revenue outside of Europe collection, settlement capabilities, FX and Significant increased • reporting reconciliation for presence in North America transnational transactions • Access to high growth Significantly reinforcing its • markets: APAC and LATAM presence in the card not present space 1/3 2/3 13 Ingenico Group – Investors Presentation - September 2014
GlobalCollect / the perfect fit with Ingenico Payment Services To accelerate the deployment of one-stop-shop payment solutions across all channels / globally / covering the whole payment value chain Merchant Transaction Collecting Acquiring Reporting/ « gateway » Fraud Mainly In-store financial institutions (local) Online Mainly (global) financial institutions (local) Mainly Mobile (global) financial institutions (local) 14 Ingenico Group – Investors Presentation - September 2014
2014 / another year of strong growth Organic growth: +20%* Outstanding performance in Outstanding growth in Payment Terminals: +21% H1 Transactions activity well oriented: +14% Organic growth: between 14 and 16%* Raised guidance for 2014 EBITDA margin: between 21.5 and 22.5% * At constant exchange rate and based on FY13 pro forma revenue at €1.301bn (excluding TransferTo disposed on December 1, 2013) 15 Ingenico Group – Investors Presentation - September 2014
Towards 2016 / ambition plan Revenue target EBITDA margin >€2.2bn * >20% * 45-50% 35% EBITDA/FCF conversion Pay out ratio ratio * At constant exchange rate and including GlobalCollect acquisition 16 Ingenico Group – Investors Presentation - September 2014
Ingenico Group / a strong platform for the future • A truly global player, with strong scale effect • Positioned all across the payment value chain • Stronger into software and services • An unrivalled combination of geographical coverage, network of acquirers/banks and payment methods • A well-balanced presence in mature and emerging markets • A large and diversified customer base • A proven track record in executing strategy and generating profitable growth 17 Ingenico Group – Investors Presentation - September 2014
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