Emerging Trends and Challenges

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Euronet Acquires HiFX Euronet Corporate Snapshot Ticker: Founded: Headquarters: Employees: Market Cap: 2015E P/E: 2016E P/E: Company Statistics (1) • NASDAQ: “EEFT” • 1994 • Leawood, KS • 4,600 • $3.8 bn • 22x • 19x Business Description Euronet Worldwide, based in Leawood, Kansas, offers automated teller machine (ATM) outsourcing, electronic prepaid mobile top-up services to financial institutions, mobile operators, and retailers, and consumer money transfer services. The company operates the largest independent, pan- European ATM network and the largest shared ATM network in India. More than 80% of the company’s revenues come from outside of the U.S. ($ in mm) Revenue 2010A – 2014A $1,664 Euronet’s LTM Stock Performance $75 $70 $65 $60 $55 $50 $45 $40 Aug-14 Nov-14 Feb-15 May-15 Aug-15 EBITDA 2010A – 2014A ($ in mm) $226 $1,268 $1,413 $179 $1,038 $1,161 $134 $138 $148 CY10A CY11A CY12A CY13A CY14A Source: Company filings and Capital IQ. (1) As of April 30, 2015 CY10A CY11A CY12A CY13A CY14A 102
Euronet Acquires HiFX Euronet Business Segments EFT Processing epay 21% of 2013 Revenue 43% of Adjusted EBITDA (1) 53% of 2013 Revenue 35% of Adjusted EBITDA (1) Money Transfer 26% of 2013 Revenue 23% of Adjusted EBITDA (1) Processes transactions for a network of 18,311 ATMs and approximately 68,000 point of sale (POS) terminals across Europe, the Middle East and Asia Pacific • Provides electronic payment solutions consisting of: − ATM cash withdrawal services − ATM network participation − Outsourced ATM and POS management solutions − Credit and debit card outsourcing − Card issuing and merchant acquiring services Provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products through a network of approximately 665,000 POS terminals across Europe, the Middle East, Asia Pacific, North America and South America • Provides electronic payment solutions consisting of: − Prepaid mobile airtime “top-up” − Vouchers and physical gift card fulfillment services − Gift card distribution and processing services Provides global money transfer services under the brand names Ria and AFEX through a worldwide correspondent network that includes approximately 216,000 locations • In addition to money transfer, services offered include: − Bill payment services − Mobile top-up − Money orders and prepaid debit cards − Check cashing services − Foreign currency exchange services Source: Company filings. (1) Euronet defines adjusted EBITDA as net income excluding interest, income tax expense, depreciation, amortization, share-based compensation expenses and other non-operating or non-recurring items that are considered expenses under U.S. GAAP. 103
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April 2016 Financial Technology Par
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I. Executive Summary
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Global Money Transfer Industry Over
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Global Money Transfer Industry Tren
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Global Money Transfer Selected Indu
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Matt Oppenheimer, Remitly
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Global Money Transfer CEO Interview
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Gary McDonald, Cambridge Global Pay
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Global Money Transfer Gary McDonald
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Global Money Transfer Public Valuat
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Global Money Transfer Selected Publ
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“International Payment Specialist
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“Emerging Consumer Remittance Pro
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Page 75 and 76: PayPal Acquires Xoom for $890 mm Tr
Page 77 and 78: PayPal Acquires Xoom for $890 mm Xo
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Page 97 and 98: $300.0 $250.0 $200.0 $150.0 $100.0
Page 99 and 100: Euronet’s Acquisition of HiFX
Page 101: Euronet Acquires HiFX Transaction D
Page 105 and 106: Bridgepoint Acquires Moneycorp Tran
Page 107 and 108: Euronet Acquires XE and IME
Page 109 and 110: Remitly Raises $38.5 million in Fin
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Page 115 and 116: TransferWise Raises $58 million in
Page 117 and 118: WorldRemit Raises $100 million in S
Page 119 and 120: WorldRemit Raises $45 million in De
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Page 129 and 130: IX. Overview of FT Partners
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Page 133 and 134: Overview of FT Partners FT Partners
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Page 137 and 138: Overview of FT Partners Proven Trac
Page 139 and 140: Overview of FT Partners Platform of
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Emerging Trends and Challenges

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