Shareholder update. January 2014

Shareholder update.
January 2014

This presentation, which has been prepared by Regenersis PLC (“the Company”), includes statements that are, or may be
deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking
terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “foresees”, “intends”, “may”,
“will” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements
include matters that are not historical facts and include statements regarding the Company’s intentions, beliefs or current
expectations. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and
circumstances. A number of factors could cause actual results and developments to differ materially from those expressed or
implied by the forward looking statements. Any forward-looking statements in this presentation reflect the Company’s view with
respect to future events and other risks, uncertainties and assumptions relating to the Company’s operations, results of
operations, growth strategy and liquidity. The Company undertakes no obligation publicly to release the results of any revisions or
up-dates to any forward-looking statements in this presentation that may occur due to change in its expectations or to reflect
events or circumstances after the date of this presentation.

This presentation comprises information which is or may be confidential. No reliance may be placed for any purposes whatsoever
on the information contained in this document or on its completeness. None of the Company, its advisers, or any other party is
under any duty to update or inform you of any changes to the information contained in this presentation.

2

Hanover placing shares:
 Remain the largest shareholder
 Stake in value terms remains at least 3.5x Hanover’s 14% holding in
   March 2011 when joined the board
 Remain fully committed to Regenersis.                “Having placed a portion of Hanover’s
                                                       shareholding today and fulfilled my
                                                       responsibilities to outside investors, it leaves
                                                       me free to commit...to lead the company
                                                       during this next exciting phase of growth”
Pre-Close announcing:
                                                                            Matthew Peacock - RNS
 Further expected double digit growth in revenue and profits
 Increase in the number and quality of sizeable new business wins
 Stand-out growth in Advanced Solutions
 Further international network expansion
 Improving balance of business in favour of multinational operators

Outlook:
 First half in line with market expectations             “We believe ...the half year results underpin
                                                          the market’s expectation for a strong H2, as
                                                          well as adding further confidence to the
                                                          Board’s expectations for continued good
                                                          growth next financial year”

Executive Summary.
                                                   3

Cross-selling: advanced solutions and
Operating highlights / new business wins:
                                                                 technically-differentiated business

   Entry of B2B into the USA with an existing European client
   OEM client to use our depot services in South Africa
   Motherboard repair contract for a global mobile OEM client
   Global refurbishment contract for a major mobile OEM                New blue-chip clients won
                                                                        through competitive bids
   New IFT contract with a cable TV operator in Western Europe
   Multi-year contract for a global mobile operator covering Iberia
   Support the same operator in German insurance programme
   New contract with a German insurer, supported through Poland
   New tablet OEM contract in India
                                                                             Continued shift towards
Corporate developments                                                        multinational operators,
                                                                              as opposed to OEMs
 Internationalisation: entry to Portugal and USA (Memphis)
 Acquisition of remaining shares in Regenersis Russia                       Now in 15 countries
 Continue to progress exciting M&A opportunities                            Operating and financial
 Increase in banking facilities from £23 million to £39 million              capacity to continue
                                                                              organic and acquisitive
                                                                              growth

Pre-close trading update.
                                                      4

Part way through.
                                                Global leadership
                                                achieved at around
       Revenue                                  £500 million revenue       Headline Operating Profit
       (£ million)                                                         (£ million)
£300                                                             £15

        EMEA market leadership             ✓
                                                                                                              £11.1
                                                £211.9
£200                                                             £10                                   £9.5
                                       £179.7
                                                                                                £7.8
                              £139.9
                     £123.8                                                              £6.3
        £116.4                                                               £5.7
£100                                                              £5

  £0                                                              £0
         2010        2011     2012     2013     2014*                        2010        2011   2012   2013   2014*

            “Our ambition and belief is that we can become the global leader in our business”

                                                                       5                                              * Consensus estimates

Emerging Markets

        Beyond Repair

In 4 words.
               6

                             Quality of our people

                               One Regenersis

                                     M&A

 Strategy.
                         Game
                          6   changers.
                                          7

Smartphone shipments forecast 2013 and 2017 (millions)
    Source: IDC
   500                                                                                               India: growing
                                                                                                     from smaller than
                                                                                                     the UK in 2013 to
   400                                                                 Latin America:                larger than the
                                                                       growth rates 4x               USA in 2017
   300                        2013        2017                         higher than
                                                                       Western markets
   200

   100

     0
              China              USA                UK               Japan            Brazil             India

Growth:        52%               33%                34%               7%               129%              460%

           The Regenersis strategy is to focus on Emerging Markets because of their higher growth and associated higher
            margins / demand for capacity
           Since 2010 we have entered Argentina, India, Mexico, Russia, South Africa and Turkey

   Emerging markets.
                                                                 7

Key:
                                                                   Impact at a Typical
                                                                   Mobile Client
                                                                   (25m subscribers)

                                                                            +
                         Converged offers
                                                                        5m £25
                                                                              -

          +                  +                  +                  Annual    Unit value
      5m £25             2m £40             10m £5                 volume    at stake
             -                   -                -

                                              In Field
     Recommerce           Digital Care      Diagnostics

“Presence”       Refurbishment               Automation   “Edge”
   +
1m £5                      Depot Repair
     -

  Beyond repair.
                                              8

 A unique, global, specialist after-market business

 Growth Organically, by Acquisition, and through Partnership – in a
   consolidating sector

 Great sales propositions – known for innovation

 Homogenous, multi-region capabilities based on common IT and data

 Best of breed Advanced Solutions

 A counterparty of size for large clients

Where we are going.
                                             9

APPENDIX

    10

M&A outlook.
   Sector is ready for consolidation
       Fragmented market with many local providers, lacking sales infrastructure and up-to-date
        capabilities
       Meanwhile large customers want pan-regional and global solutions
       Competitors for assets are financially weak and lack M&A competence

   Regenersis is an attractive acquirer with the ability to make highly earnings-accretive acquisitions
       Palpable success story
       Ability to bring global clients and new capabilities
       Ability to structure win-win deals

   Focus on Emerging Markets
       Latin America, Middle East, Africa, Asia
       Global brands looking for multi-national solutions
       Service as a differentiator

   Focus on Advanced Solutions (Beyond Repair)
       Recommerce, Digital Care, Diagnostics
       Usability and issue resolution, Data security
       Ability to acquire outright, or to ‘partner with ingenuity’
                                                        11

Financial performance well on track
 Accelerated our high level of growth
 With superior levels of cash generation, supporting
    an increased dividend
 Profit driven by Emerging Markets and Advanced
    Solutions (81% of HOP)
 Several new contract wins from the new Global Sales Team                   Growth in our
                                                                             target areas
Whilst we additionally absorbed pressures
 Funded investment in management strength and new lines of business
 Impact of stronger pound on our foreign earnings
 Volume reductions from certain large mobile OEM clients

                                                                   Entry to the Indian
                                                                   market, and launch of a
And stepped up the pace of corporate activity
 Landela – market leader in set-top box repair in South Africa    mobile diagnostic business
 Digicomp – market leader in repair in India                      – like IFT for
 Regenersis Refurbishment – partnership with EcoAsia              smartphones
 Xcaliber – technical leader in mobile diagnostic applications

Recap FY13.
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