Sinch Mergers and Acquisitions Presentation Deck
Deal rationale
Wavy
Deal
rationale
Integration
Financials
Leading SMS messaging provider in Latin America, second largest in Brazil
Conversational messaging business growing >200 percent through innovation & use of new channels
High WhatsApp volumes, customers using Apple Business Chat, RCS and Facebook Messenger
• 260 employees with operations in Brazil, Mexico, Colombia, Peru, Chile, Argentina and Paraguay
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• SMS business fits in "Scale and Profitability" category of earnings-accretive deals with scale benefits
• Innovation business fits in "Technology and Go To Market" category aiming to fuel organic growth
• 50 direct operator connections in Latin America strengthens Sinch's global Super network
• Innovation leader in next-generation messaging growing >200 percent with high gross margins
• Await approval from competition authorities in Brazil
• Coordinate multiple Sinch operations across Latin America
• Ensure Sinch global customers benefit from improved connectivity to Latin America
Leverage Wavy expertise in next-generation messaging with customers throughout the world
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• Sinch pays BRL 355m in cash and 1,534,582 new shares in Sinch, implying an EV of SEK 1,170m
Wavy is expected to record revenues of BRL 464m, gross profit of BRL 130m, and EBITDA of BRL 48m
in the 12 months ending March 2020.
• Full financial details in press release. Transaction expected to close in H2 2020
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