encash for rbap may 2012

4th Floor, Citibank Center, Citibank Plaza

Paseo de Roxas, Makati City, 1226

Telephone Nos. (632) 892 5092 to 95

Fax No. (632) 892 5091

Email Address: www.encash-ph.com

PHILIPPINES’ ATM MARKET

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Card Holders 10.024M 11.930M 13.470M 14.922M 18.194M 20.620M 21.629M 24.660M 25.470M 31.640M 37.550M

ATMs 3,949 4,360 4,904 5,092 6,038 7,057 7,611 8,029 8,185 9,939 11,532

CH/ATM Ratio 2,538 2,747 2,746 2,936 3,013 2,922 2,842 3,072 3,112 3,183 3,256

THEN…

NOW…

GLOBAL PERSPECTIVE

CH/ATM ratio: 2,000

ATM Network Sizes◦Small: 400◦Medium: 2,000◦Large: 5,000 to 30,000

RP: Small-Large ATM network(Only one ATM switch required )

TIGHT CH/ATM ratio: 3,256

◦ 8 Medium: Up to 2,000 ATMs◦16 Small: 50 to 400 ATMs

◦44 Micro ATM Networks:1 - 49 ATMs

IS A COST CHANNEL: NO ROI

Monthly COSTS:

ATM Depreciation PhP14,000ATM Maintenance PhP 5,000Cash Management ???TOTAL >PhP19,000

Revenue: PhP8 per ACQUIRED withdrawal

IS A COST CHANNEL: NO ROI

Revenue, PhP8 per ACQUIRED withdrawal

2,375 withdrawals required or, 79 per day

ADD:ATM Switch, Data Center, Consortium Membership, 24/7 Operations & Staff, Back-Up, Software, HSM,Power, Communications, Settlement, Risk, Cost of Cash, etc.

IS A COST CHANNEL: NO ROI

PhP45 (per successful withdrawal)

◦ Your Customers? MOST EXPENSIVE ACTIVITY◦ Other Bank Customers? PhP 8.00

ACQUIRED Transactions BancNet– MegaLink Members

PSB519

PNB466

CBC496

RCBC668

LBP962

ONB115ENS

337

ALL307

“We are very excited with our investment in ENCASH, a young and very promising company. We strongly believe that ENCASH, by placing ATMs in remote areas, improves access to financial services in the rural community.”

- Sara Vermier

“We are excited about the opportunity to help ENCASH scale its business and broaden its reach in providing access to finance for rural and underserved Filipinos.”

- Anand Chandani

4th Floor, Citibank Center, Citibank Plaza

Paseo de Roxas, Makati City, 1226

Telephone Nos. (632) 892 5092 to 95

Fax No. (632) 892 5091

Email Address: www.encash-ph.com