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Torex Retail Acquisition of Savista

Torex Retail Acquisition of Savista. April 2006. About Savista. Leading international QSR software and services company Global POS provider to McDonalds – one of the worlds largest retailers US company with world class, low cost development facility in Brazil

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Torex Retail Acquisition of Savista

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  1. Torex Retail Acquisition of Savista April 2006

  2. About Savista • Leading international QSR software and services company • Global POS provider to McDonalds – one of the worlds largest retailers • US company with world class, low cost development facility in Brazil • Market leading product already installed in 5200 stores ( 30, 000 terminals ) in 66 countries – No. 1 in US Enterprise QSR in 2005 • Rapidly growing highly profitable business

  3. The North American Restaurant Software Market Professional Services Hardware Related • The N. American Restaurant Software market is estimated at over $1 billion • POS Software, representing approximately half this figure in 2003, was $521 million and is expected to grow to nearly $900 million by 2008 • McDonalds have not yet rolled out Torex NewPOS in the US Store Systems Software N. America Store Systems Spend by Category 23.4 21.4 19.5 17.9 16.5 Source: IHL Consulting Group Study 2004

  4. Top 10 Chains Electronic Cash Registers (ECRs):, Panasonic, Sharp Compris PAR Xpient Micros Packaged Applications Enterprise Platforms Radiant Aloha Breakaway HSI l l l Squirrel Positouch l l l l Micros Channel Aloha Channel l l l l In-house Proprietary Systems Digital Dining l l l l l l l Small Independents POS Software Platforms A Fragmented Market

  5. QSR Market opportunity • A significant number of systems are at the end of their life cycles using outdated software, processors and operating systems • Industry is on the cusp of unprecedented activity - International QSR’s are currently seeking replacement systems: • McDonalds – 33,000 sites ( already decided for Torex NewPOS) • Starbucks - 11,000 sites • Burger King - 11,000 sites • Yum (Taco Bell, KFC and Long John Silver’s) - 19,000 sites • Wendy’s - 9,700 sites • Factors contributing to the demand • Technology has finally reached Operations executives’ agenda • Global standardisation of IT promotes common operational practice worldwide reducing cost and increasing innovation • Industry’s top brands are extending their leadership through technology • The move from Proprietary to Open POS Systems is accelerating innovation and reducing costs of new features and operating processes

  6. SavistaTremendous Growth Opportunity Standalone • McDonalds – POS and customer service extensions • Target top 100 QSR chains – sales pipeline $50m • Distributors Torex Effect • Cross selling to McDonalds – acquisition by Torex solves McDonalds “problem” with Savista by providing scale and global reach • Accelerate POS roll out • Systems integration , implementation and maintenance services • Torex software applications • Hardware supply • Enhance credibility in new name business bids • Sell Torex NewPos to European based QSR chains

  7. SavistaTremendous Growth Opportunity

  8. McDonald’s Overview • McDonald’s is one of the world’s largest retailers • 33,000 Restaurants • 119 Countries • 50 million transactions per day • Standardisation of POS globally is essential to McDonald’s and is core to their IT strategy • McDonald’s has selected Torex NewPOS as its global POS solution • POS Software and Annual Maintenance • Regional localization and development • Custom Development • Savista is leveraging this prime position to extend its penetration into McDonald’s overall store systems spend • Customer Service extensions (Call Center, Loyalty, Reporting, etc) • Integration services

  9. Torex NewPOS Product Overview • Voted No 1 QSR enterprise product • Built in Best Practices • Unprecedented Flexibility • Reliable • Low Total Cost of Ownership

  10. Torex NewPOS Product Overview • # 1 Rated POS in QSR • Hospitality Technology Magazine rated NewPOS # 1 in QSR and for large enterprise users • Groundbreaking Customization Model • Single universal code kernel • Flexible design adapts to all operating environments • Integrates into all known technology constructs • Supports change in and grows with client organization • Flexible Support Model allows client to manage application as desired • Torex provides tools and training/certification to manage in-house; or • Outsource management to Torex or to client’s chosen 3rd party partner • Enterprise Design • Scaleable object based architecture • Supports latest JAVA and Microsoft technology environments • Global Product (Operates in 63 countries today) • Language • Currency • Tax, Fiscal, Regulatory, etc. • Enterprise tools for application deployment and support allows local customisation by customer or partners • Global Scale • Global distribution and support • International partner footprint

  11. Summary • Positions Torex as leading Tier 1 provider on global scale • Strengthens balance sheet through all equity funding • Accel KKR taking strategic stake in Torex with planned Board representation • Acquiring profitable business with tremendous organic growth potential • Gaining McDonald’s as customer significantly enhances international credibility and presents major cross selling opportunities – they don’t come much bigger ! • Extends geographic reach with world class development team in South America and customer reference sites in 66 countries • Earnings enhancing on stand alone basis – potentially through the roof combined !

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