2006 Q1 Financial Results

1
2006 Q1 Financial Results
Presenters Simon Loh, Managing Director Jonathan
Soon, Executive Director of Corporate Affairs Yap
Chih Min, General Manager of Finance
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Disclaimer
The presentation (in this projected form and as
verbally presented) (Presentation) is provided on
the basis that none of e-pay Asia Limited (the
Company) nor its respective officers,
shareholders, related bodies corporate, partners,
affiliates, employees, representatives and
advisers make any representation or warranty
(express or implied) as to the accuracy,
reliability, relevance or completeness of the
material contained in the Presentation and
nothing contained in the Presentation is, or may
be relied upon as, a promise, representation or
warranty, whether as to the past or the future.
The Company hereby excludes all warranties that
can be excluded by law. The Presentation
contains prospective financial material which is
predictive in nature and may be affected by
inaccurate assumptions or by known or unknown
risks and uncertainties, and may differ
materially from results ultimately achieved.
The Presentation contains "forward-looking
statements". All statements other than those of
historical facts included in the Presentation are
forward-looking statements including, without
limitation, (i) estimates of future earnings
(ii) estimates of future cash costs (iii)
estimates of future cash flows and (iv)
estimates of future capital expenditures. Where
the Company expresses or implies and expectation
or belief as to future events or results, such
expectation or belief is expressed in good faith
and believed to have a reasonable basis. However,
forward-looking statements are subject to risks,
uncertainties and other factors, which could
cause actual results to differ materially from
future results expressed, projected or implied by
such forward-looking statements. The Company does
not undertakeany obligation to release publicly
any revisions to any "forward-looking statement"
to reflect events or circumstances after the date
of the Presentation, or to reflect the occurrence
of unanticipated events, except as may be
required under applicable securities laws.All
persons should consider seeking appropriate
professional advice in reviewing the Presentation
and all other information with respect to the
Company and evaluating the business, financial
performance and operations of the Company.
Neither the provision of the Presentation nor any
information contained in the Presentation or
subsequently communicated to any person in
connection with the Presentation is, or should be
taken as, constituting the giving of investment
advice to any person. The Presentation does not
relate to any securities which will be registered
under the United States Securities Act of 1933
nor any securities which may be offered or sold
in the United States or to a U.S. person unless
registered under the United States Securities Act
of 1933 or in a transaction exempt from
registration.
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Contents

• Business Overview
• 2005 Financial Highlights
• 2006 Q1 Financial Report
• Next quarter and beyond
• 2006 Earnings Guidance Upgrade

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Business OverviewA proven business model that
makes money
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Introduction

• Incorporated in Australia
• (Oct 1999)
• Listed on ASX AIM
• (Stock code EPY)
• Market Capitalisation approx. A77 million
• (as at 2 May 2006)
• 200 employees offices in Malaysia (HQ), Sydney,
  Indonesia, Pakistan.
• Financial year end 31st Dec

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One of Asias fastest growing e-payments company

• Largest regional provider of prepaid mobile top
  up in South East Asia
• Agreements with 13 mobile operators in 4
  countries
• Retail e-payments network of 10,000 POS Terminals
• Direct sales network of 10,000 Mobile/SMS Agents
• 70 million transactions/ A376 million sales in
  2005

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Mobile Top Up Process
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Group Structure
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2005 Financial Highlights5 Years of consistent
profit growth
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2005 Financial Highlights

• Revenue of A376 million
• (up 94 from 2004)
• EBITDA of A6.4 million
• (up 92 from 2004)
• EBIT of A5.6 million
• (up 101 from 2004)
• Net Profit after tax of A4.4 million
• (up 136 from 2004)
• Net Earnings (after minority interests) of A2.7
  million
• (up 156 from 2004)

Note e-pay changed is financial year from ending
31 March to ending 31 December at the start of
2006. The above financials have been re-presented
on a calendar year basis.
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Sales increased on average 50 per annum over 5
years
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5 years of consistent profit growth
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2005 Business Highlights

• Total prepaid sales reached 70 million mobile top
  up transactions
• (up 133 from 2004)
• Retail network reached 10,000 Terminal Points of
  Sale
• (up 117 from 2004)
• Distributor network reached 10,000 Mobile/SMS
  Agents
• (up 129 from 2004)
• e-pay Pakistan revenues exceeds US5 million
• (up 4000 from 2004)
• Signed US21 million reverse take over deal with
  SkyNetGlobal Limited

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2006 Q1 Financial Report5 Years of consistent
profit growth
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2006 Q1 Financial Highlights

• Revenue of A136.6 million
• (up 88 from 2005 Q1)
• EBITDA of A2.95 million
• (up 156 from 2005 Q1)
• Net Profit after tax of A2.24 million
• (up 120 from 2005 Q1)
• Net Earnings (after minority interests) of A1.33
  million
• (up 138 from 2005 Q1)
• Gross profit margin of 3.37
• (up 9.42 from 2005 Q1)

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Sales increased on average 21 per quarter over
last 12 months
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Profit grew consistently over last 4 quarters
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2006 Q1 Business Highlights

• Total prepaid sales reached 22 million mobile top
  up transactions
• (up 76 from 2005 Q1)
• Retail distribution network reached 10,000
  Terminal Points of Sale
• (up 81 from 2005 Q1)
• Direct sales network expanded to 10,000
  Mobile/SMS Agents
• (up 200 from 2005 Q1)
• Achieved 1 market share milestone in Indonesia
• 47 million prepaid mobile subscribers worth
  A548 million
• Completion of reversed take over and stock
  re-listed on ASX and AIM.

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Next quarter and beyond
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What's in the Pipeline

• New revenue streams
• Prepaid mobile top up system for Chinese markets
• Multi level direct sales program for Mobile Agent
  network
• Internet mobile top up channel (55 million
  internet users in our 4 operating markets.)

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2006 Earnings Guidance Upgrade
The Directors are pleased to revise upward its
2006 Earnings forecast by 20 to A6 million from
its initial forecast of A5 million as provided
in the Companys prospectus issued in December
2005.
Board of Directors e-pay Asia Limited