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Boober.it

TechGarage, May 22nd 2009

Mr. Andrea Pellegrinelli

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Executive summary

• p2p lending platform run by Centax, leader in payment system p2p lending allows borrowers and lenders to arrange loans, with

the disintermediation of the financial institution KSFs: better interest rates, 24/7 service, 100% online

• Competitive advantages Brand and platform proprietary Lean operation

• Target: 100 M€ loans funded per year (0,3% market share) 2,2 M€ revenues @ year 3; 5,5 M€ revenues @ year 5 13% EBITDA @ year 3; 30% EBITDA @ year 5

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Why p2p lending and why Boober?• 33% of borrowers would use internet to have economic

advantages and reduced procedure timing

• 43% of people don’t borrow money because they can’t choose loan conditions

• 10% of borrowers are definitely not satisfied of the loans they got

• Very negative feeling against the traditional financial institution

Source: Assofin, Gfk Eurisko

Why p2p

lending?

Why Boober?

• Opportunity to leverage on industry’s lessons learned

• Loan matching model fully transparent and driven by users

• Advantages thanks to Centax know-how, relationships, brand

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How Boober works

• Role of Boober:1. Select and rate borrowers2. Manage the cash transaction3. Perform credit collection activities

• No financial risk in charge of Boober

• Business model: Percentage of loan amount from the borrower Percentage on interest gained from the lenders Marketing activities on the community (to be launched in the

next years)

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Advantages for borrowers and lenders

• Fast, easy and comfortable access to credit

• Low interest rates• All loan conditions defined by

the borrower• Anonymity

Borrowers Lenders

• Interesting interest rates• “Social” investment: earn

money by helping other people• “Amusing” activity similar to

online trading

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Italy’s personal loans market and estimated Boober user base

Billion Euro

10,913,6

2005 2006 2007 2012E

18,9

∼ 35CAGR ’05-’0824%

Source: Assofin, ABI

2008

21,1

• 100 M€ loans per year @ year 5• 315k users @ year 5:

Marketing plan: 4,6M€ -> 270k users “Organic” growth: -> 45k users

Italy’s loans

market

Boober user

estimate

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Planned areas of development

• Widening of lenders and borrowers profile

Lenders: people → family offices/business angels → main investors

Borrowers: people → SMEs / start-ups → big companies

“Family and friends” loans

• Expansion in other countries

Easy and fast approach to other countries (focus on marketing & regulations)

Possible targets: Europe, South America

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Boober business plan

Users (n)

Loans funded (k€)

Revenues (k€)

EBITDA (k€)

Direct costs (k€)

Labour costs (k€)

Advertising costs (k€)

Other costs (k€)

Year 1 Year 2 Year 3

27.100 64.500 119.500

8.450 25.840 42.200

250 1.103 2.167

58 210 373

169 313 357

500 600 800

247 288 348

(724) (308) 289 13%

Year 4

204.000

69.600

3.700

641

594

1.200

525

738 20%

Year 5

315.000

94.600

5.500

929

785

1.500

706

1.583 29%

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Investment opportunity

• €2 million funding request, to be collected in year 1 and 2

• Fund raising will support marketing activities

• Centax to confer Boober activities, platform and community

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Extract from the press release

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Thanks for your attention

Boober Italiavia Pignolo, 8

24121 BergamoItaly

info@boober.it+39 (0)35 41 62 111

www.boober.itwww.centax.it