Ann: EML Acquires Sentenial Ltd & enters the Open Banking Market, page-11

From the presentation:

"Financially Attractive: SG is expected to have an attractive three year forecast net revenue Compound Annual Growth Rate (CAGR) of 65%+ from FY21 – FY23 and strong 35%+ Earnings Before Interest, Taxes, Depreciation & Amortisation (EBITDA) margin for FY23. The acquisition is expected to be mid-teen pro forma EPSA accretive in FY23, inclusive of synergies. Achievement of earn-out targets would correlate to incremental Open Banking revenue growth of 900% or €27 million (A$41.9 million). The Group expects SG to achieve the earn-out targets and contribute EBITDA approximating €15 million (A$23 million) in year three. Assuming the full earn-out is achieved the total purchase price would be €110 million, representing a revenue multiple of less than 3 times."