Investor Presentaiton
Terminal Connectivity Issue
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Issue identified on 5 January 2021
70% of Tyro's merchants were unaffected by the incident
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18-year history with no equivalent event
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Event does not sit comfortably with Tyro's DNA
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Impacted merchants -
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11% of merchants partially impacted (multi-terminal outlets with at least one functioning
unit)
19% of merchants were fully impacted
Developing dongle failover solution for every merchant - industry first move
Make good program in action:
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all financially impacted merchants invited to register with Tyro to enable remediation
claims to be assessed
~85% of merchants that sought remediation already settled - balance being progressed
the remediation process remains available for claims - providing a fast + straightforward
process without the costs, delay + uncertainty inherent in legal proceedings
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FY21 financial impact of terminal connectivity issue
FY21
$'000
SAM TAYLOR
P&L impact
Discount on merchant service fee and terminal rental waivers
1,323
Staff costs related to the incident
217
Direct logistics costs and other costs related to the incident
2,737
Provision for remediation
9,008
FY21 P&L impact
13,285
Additional capex costs
1,600
VISA
tyro
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