M&A Opportunity

E-payment Platform
Hanoi, Vietnam
 Preferred type of transaction: Ownership transfer
 Type of investment: sell-off
 Deal size: 15 million USD
 Target closing date: Q2/2020
 Deal structure: 100% ownership for sale

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 Investment Opportunity - Online Payment Platform Company

• Top 6 in Global Retail, 2nd highest retail market growth rate in the Southeast Asia region: Vietnamese consumers have been shifting from traditional retail to modern and e-commerce retail. E-commerce’s market value is
forecasted to reach USD 15 billion by 2025.
• Government positive involvement in Fintech: Decision No.986 aims to reduce the cash payment to less than 10% of total market transactions by 2020. The government has provided assistance and encouragement in
developing alternative ways of payment, notably via the establishment of the Steering Committee on Financial Technology in 2017
• The company owns 40% payment agents and digital content market: With experience in marketing and the technological platforms from ecosystem of holding company, this firm leads the technology platform in payment gateway.

[COMPANY] Overview Market Products

Established Nearly 20 years Vietnam Payment Card Industry Forecast E-wallet and payment
105.55 Installment cooperation in e-
Business Fintech 90 gateway commerce website
Employees +100 77
• Statistics: +500,000 As the holding company has a
Address Hanoi, Vietnam active users, +30 large e-commerce ecosystem
connected banks including transportation, sales
52
• Support payment management solutions, payment
Partner Network via: interbanking, gateway,…
Finance 31.2 international credit
19.73 21.11 card, scratchcards,…
3.08
Telco 9.19 Account
3.12 0.18 1.16 Verification
Company Service
Merchants 123doc, HanoiComputer, myAd, TaiLieu.vn, Vatgia.com, 2012 2017 2023F 2012 2017 2023F
Fshare, FPT Shop, Bkav, MyTour.vn, Forbes, tenten,… Total Card Payment Volume ($B)
Fast Money Transfer Solution supporting
Total Cards Issued (M)
Banks Agribank, Sacombank, PGBank, VPBank, TPBank, Online Payment Volume ($B) verifying bank
International Cards Issued (M) Facilitate customers in
Techcombank, SHB, VIB, MB, BIDV, Vietcombank, transferring money 24/7 account information
SeABank, GPBank, Maritime Bank, Bac A Bank, … Market Opportunities

Market 40% payment gateways market $130B retail market Collection Service Lead Generation
93M population 19M Online gamers
Share 35% electronic and e-commerce websites • E-Commerce (3 methods) Service
• 41 million • $25
Internet users accounts for 5%
Operations 1,500,000 transactions / month made by 6,000,000 annual • Offline: +1,000 collection points Use huge data source
• 95% internet ($6.5B)
users (65% are traditional sellers, 35% are electronic • ARPU • Virtual Account: via internet from the holding company
users at the • $975M online
sellers) with average price of USD 18.5/transaction $475M online banking, mobile banking, ATM to help partners
age of 14-25 payment volume for
There are 25,000 e-stores and 200 e-commerce websites game market or bank counters find potential customers
E-Commerce market
• E-wallet: +57,000 users in Real Estate, Finance
and Insurance.

[FUNDING] Fund Use Comparable Transaction

Target Funding Amount Pre-Valuation Company VNPT EPay Ngan Luong VN Pay
Acquire 100% ownership
USD 15.0 million USD 15 million P/S Ratio 0.27 4.32 0.66

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IMM FDI Service – About us

With more than 14 years of experience in investment

advisory, together with a wide range of network of clients
and partnerships in Vietnam and Worldwide, IMM FDI
Services provide end-to-end M&A services for Foreign
Direct Investors to Vietnam.

As the local boutique M&A Advisory Firm, we help FDI

investors to expand their business in Vietnam via M&A
strategy. Our edging advantage is the deep and
comprehensive local understanding of Vietnam’s market
and that knowledge successfully helps us to meet our
client’s short-and long-term strategic and investment
objectives.
Mr Jack Tran Lam Binh
FDI Service Director at IMM Group
Email: [email protected]
Phone: +84 983 099 423

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IMM FDI services – what we offer

Deal Sourcing
Obtaining potential list of
Deal matching companies in Vietnam with
Connect the investors with tailored-criteria to meet
highly potential with investors demands
projects/companies in
Vietnam Deal sourcing Enterprise licensing
including establishing
Deal matching companies service in
M&A Financial valuation Vietnam
Enterprise licensing
.

M&A financial valuation

M&A due diligence
M&A/Project Licensing
M&A Due Diligence

M&A/Project Licensing

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IMM FDI services – Our envisaged process

Step 6
Step 5 Signing contracts
and closing deals
Step 4 Perform valuation
analysis and due
Step 3 Organize meetings diligence;
between investors negotiation
Step 2 and targeted advising
Proceed to sign
NDA with investors companies/project
Step 1 Search for to begin business
potential planning and
companies and negotiations
Develop an
investment match with
strategy to fit with investors
your personal
investment criteria
and philosophy

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Our diversified pipelines

Our clients are located across Vietnam and include businesses, private equities, private individuals and families.

• Hotel, resort, golf club

• Residential, service apartments • Transportation service
Real estate • Industrial park, factories companies
Transportation
• Commercial complex • Automobile: manufacturing,
maintenance and accessories
• Office building

• Kindergarten • Power plant station (hydropower,

Education Energy
• Elementary, secondary, high school solar, wind, thermal energy)

• Hospital • Payment solution

Health services • Pharmacy • Financial services
Financial
• Drugstore chain • Stock securities
• E-commerce
• Food manufacturer (instant
noodles, seafood, livestock, canned
food, etc) • Media company
F&B • Beverage (non-alcohol) • Film production
Multimedia
• F&B chain • Advertisement
• Restaurants • Game developer and distributor

• Terminals, airports, seaports,

highway • Wood manufacturer, interior
Infrastructure • Water disposal and supply Others design, software,
• Road, sewage, electrical grid telecommunication and insurance
network

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Disclaimer

By receiving this document, the recipient acknowledges that (i) the recipient will not copy, reproduce or distribute this
document, whether in full or in part, at any time to third parties without the prior written consent of IMM Group, (ii) the
recipient will keep confidential any information included herein which is not already in the public domain, (iii) the recipient
will use this document for the sole purpose of evaluating its interest in the project, (iv) in the event at any time IMM Group
so request, this document, together with all other material relating to the project which the recipient may have been
received from IMM Group elaborated based on those materials and information, will be immediately returned to IMM
Group or destroyed with written confirmation of such destruction to IMM Group. While the information contained in this
document are provisional and based on sources believed to be reliable, IMM Group have not independently verified the
contents of this document. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance
should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this
document, and none of IMM Group or any of their affiliates, directors, members, officers or employees shall have any
liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its
contents or otherwise arising in connection with this document. In all cases, interested parties should conduct their own
investigation and analysis of the project and the data contained in this document. This document may not be reproduced
or redistributed to any other person or published in whole or in part for any purpose. By receiving this document you agree
to be bound by the all limitations. This document should be used solely to enable the recipient to evaluate its interest in
the project. This Teaser does not constitute an offer or invitation for the sale or purchase of securities or any businesses or
assets described in it, nor does it purport to give legal, tax or financial advice. The recipient acknowledge and represent to
the Company, its affiliates, controlling persons, directors, supervisors, officers, partners, employees, agents,
representatives and advisers of any of the foregoing that the recipient are a professional investor, have the knowledge,
experience and capability to conduct their own assessment of the project and its securities and that the recipient have and
will conduct their own investigation with respect to the project and its securities and have obtained or will obtain their own
independent advice relating to the investment in the securities of the project.

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