Ann: Presentation at Goldman Sachs Annual Tech Day, page-6

The presentation was reasonably bland. The only encouraging message was slide 5 where we see the enormous potential for EBITDA growth in NA and ASIA, particularily ASIA.
TTV conversion to EBITDA is low in these Regions. ASIA has the potential to double plus EBITDA without an extra $ of revenue. Even then it will be below the Group average. This has been discussed on the forum before.
ASIA TTV coversion was a lousy 1%.
NA TTV conversion at 3% shows plenty of room for improvement. That is obviously why the UK Chamberlains manager was seconded to the US
Apart from the above the presentation was ordinary at best.
I guess the message is that with higher online penetration they can achieve EBITDA growth without an extra $ of sales growth.
I see CTD are going to demonstrate their Tech at the AGM. No doubt it will be filmed and available for viewing on the website.