Sinch Mergers and Acquisitions Presentation Deck
Deal rationale
TWW
Deal
rationale
Integration
Financials
Founded in 1996
• Today the 3rd largest SMS connectivity provider in Brazil
3 000 enterprise customers of varied sizes across all industries
• Team of 37 people in São Paulo, Brazil
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• "Scale and Profitability"-type acquisition to add scale, operator connections, and customer relationships
• Well-run operations with high quality delivery, healthy financials, and loyal customers
Attractive EV/EBITDA multiple of 8.9x on anticipated 2019e EBITDA
• Potential to upsell Sinch's broader product portfolio to TWW customers in Brazil
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• Utilisation of TWW direct operator connections for Sinch's global messaging traffic
• Technical integration with Sinch's shared global messaging platform
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Shared ways of working and best practices across TWW and Sinch
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• Sinch pays a total EV of BRL 180.75m (SEK 439m at today's 2.43 SEK/BRL exchange rate)
TWW recorded revenues of BRL 134m, gross profit of BRL 35m, and Adj EBITDA of BRL 17.5m in 2018
This corresponds to revenues of SEK 326m, gross profit of SEK 85m, and Adj EBITDA of SEK 43m in 2018
• Transaction expected to close in the second half of October, 2019
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