Verifone & INGENICO

INGENICO

2015-registration-document-ingenico-group.pdf

  • in the payments ecosystem, namely: Dassault Systèmes, Gemalto, Technicolor, Verifone, Worldline, WorldPay, Vantiv, Global Payments, Total System Services and Heartland Payment.
  • Market consolidation The payment terminal market has been consolidated in recent years, mainly through five major business deals:
    • Verifone’s buyout of Lipman in April 2006;
    • Ingenico and Sagem Monétel’s merger in March 2008;
    • Hypercom’s purchase of the Thales e-Transactions unit in April 2008;
    • Verifone’s buyout of Gemalto’s payment terminal business in December 2010;
    • Verifone’s purchase of Hypercom’s business (excluding the US, Spain and UK) in August 2011.
    Following these transactions, the market is consolidated around two key players representing about 80% (1) of the total market value in 2015. The Group also competes with local players, including Pax in China. In 2015, Ingenico Group consolidated its leading position, with an estimated market share of around 40% (1) of the payment terminals market and over 30 million terminals installed worldwide (2).
  • Many local players coexist, such as Ingenico Payment Services (formerly easycash) in Germany, Nets and Point (Verifone) for small merchants in the Nordic countries, Ingenico Payment Services (formerly Axis) and  Worldline in France, and the Logic Group in the UK for the largest brands.
  • At the end of 2015, Ingenico Group employed around 6,000 people worldwide, an 8% increase compared to 2014.
  •  the Group works with two of the world’s fi ve largest electronic sub-assembly subcontractors, Flextronics and Jabil.
  • In 2015, the Group continued to invest significantly in R&D, spending close to 8 per cent of its revenue and dedicating 28% of its workforce to this area.
  • The online payment market is driven by purchases made on mobile phones and digital tablets, which already account for about 20% of online transactions, and are now growing faster than traditional e-commerce.
  • • revenue around 4 billion euros (at 2015 exchange rate and including targeted acquisitions); double digit organic growth per year;
    • EBITDA margin: 22-23% of revenue;
    • conversion rate free cash fl ow/EBITDA at minimum 45%;
    • dividend distribution policy at 35% of net income.
  • The Group’s top customer, top fi ve customers and top ten customers accounted for 3.2%, 11.1% and 18.2% of its revenue, respectively
  • Ingenico Group’s rapid expansion has continued in North America (up 44%), mainly driven by the United States (up 81%), which is now the Group’s biggest market.
Verifone
shares: 111,309,630
the point of sale (“POS”)
As of October 31, 2016, we had 1,831 R&D employees, representing approximately 31.1% of our total workforce.
For our fiscal years ended October 31, 2016 and 2015, our international net revenues accounted for 59.5% and 60.5%, respectively, of our total net revenues.
We outsource our product manufacturing to various suppliers in the Electronic Manufacturing Services (“EMS”) industry. Our primary EMS providers are located in China, Singapore, Malaysia, Brazil, and Germany. For several of our product lines, we directly ship from our EMS providers to our clients in various countries around the world. Substantially all of our products contain key components that are obtained from foreign sources.
We rely primarily on copyrights, trademarks, patent filings, and trade secret laws to establish and maintain our proprietary rights in our technology and products.
we had approximately 5,900 employees worldwide.