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Confidential Executive Summary CONFIDENTIAL & PROPRIETARY This material is confidential and proprietary to Miles Car Rental, LLC and/or third parties and may not be reproduced, published or disclosed to others without the express authorization of Miles Car Rental, LLC.

Confidential Executive Summary - images.bizbuysell.com · − Contracts with most of the major global car rental companies all renewed prior to sale for up ... Netherlands Norway

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Confidential Executive Summary

CONFIDENTIAL & PROPRIETARY

This material is confidential and proprietary to Miles Car Rental, LLC and/or third parties and may not be reproduced, published or

disclosed to others without the express authorization of Miles Car Rental, LLC.

Disclaimer

These materials have been provided to you by Miles Car Rental, LLC and may not be used or relied upon

for any purpose other than as specifically contemplated by a written agreement with Miles Car Rental,

LLC. In addition, these materials may not be disclosed, in whole or in part, or summarized or otherwise

referred to except as agreed in writing by Miles Car Rental, LLC. Information contained herein may

have been obtained from third party sources. Miles Car Rental, LLC assumes no responsibility for

independent verification of such information and has relied on such information being complete and

accurate in all material respects. Miles Car Rental, LLC assumes no obligation to update or otherwise

revise these materials. Investing in private placements and other privately held securities involves a high

degree of risk. These securities are illiquid in nature and may require holding periods in excess of your

need for liquidity. These investments may result in the complete loss of your principal. Investors must

conduct their own investigation of the merits and risks of each opportunity. Past performance is not a

guarantee of future performance. Please read all offering documents closely.

Strictly Private & Confidential 2

Miles Car Rental, LLC Profile

Strictly Private & Confidential

Source: Company Management.

Company Overview▪ A profitable, fast-growing online travel agency (“MCR” or the “Company”) founded in 2011 with a

predominant focus on car rentals and hotels and the underpenetrated Latin American market is seeking to sell the

entire Company consisting of:

− 46 websites with more than 711,633 visitors in 2017 (growth of 45.5% over 489,208 visitors in 2016);

− Over 150,000 landing pages with individually tailored copyright per page targeting Spanish, Portuguese,

and English-speaking audiences across 50 cities and/or countries in LATAM, U.S. and Europe;

− Goodwill generated in the marketplace since 2011 with top brand awareness in Colombia, Mexico, Brazil

and Venezuela and top producer rankings in the region for Hertz and Alamo;

− Infrastructure of 50 employees spread across Web Development, Accounting, Marketing, and Customer

Service & Administration;

− Contracts with most of the major global car rental companies all renewed prior to sale for up to 3

years and access to database of 120,000 hotel chains and independent hotels worldwide;

− New Software Licensing Division named Energizee Technologies, LLC that has obtained two contracts,

one for $600,000 at the end of 2017 and a second in February 2018 to provide tech and maintain web

platforms for all of Dollar/Thrifty’s business in LATAM, the Caribbean and Mexico (potentially $30-

50k of monthly EBITDA with upside potential) – Substantial scalable pipeline in the works for this business; and

− Additional proprietary technology, marketing expertise and assets

▪ The Company had calendar year 2017 Total Revenue of $8.0 Million representing Year-over-Year Growth of

+91.2% over 2016 with EBITDA of $1.4 million (margin of 17.3%)

− Projected to reach Total Revenue of over $12.2 Million in 2018 (growth of +52.7%) with EBITDA of

$1.9 million (margin of 15.3%)

3

Miles Car Rental, LLC Locations

Strictly Private & Confidential

Source: Company Management.

Web Portals

4

Recent Large Expansion into

Western Europe including serving

following countries:

▪ Belgium

▪ Denmark

▪ Finland

▪ France

▪ Germany

▪ Iceland

▪ Ireland

▪ Italy

▪ Netherlands

▪ Norway

▪ Portugal

▪ Spain

▪ Sweden

▪ Switzerland

▪ United Kingdom

Miles Car Rental, LLC Structure

Strictly Private & Confidential

Source: Company Management.

Organizational Profile

5

Miles Car Rental, LLC Industry

Strictly Private & Confidential

Source: Wall Street research.

Sector Dynamics

▪ The Global Online Travel Market

Gross Bookings was estimated to

reach $593.5 Billion in 2017 (44.7%

Penetration of the Total Global Travel

Gross Bookings of $1.3 Trillion)

− The current annualized growth rate

(“CAGR”) in the Global Online

Travel Market was projected at

10.5% between 2010 and 2015

▪ LATAM Online Travel Market

Gross Bookings were projected to

grow much faster at 23.5% CAGR

between 2010 and 2015

− Expected to reach $41.8 Billion in

2017 based on a 43.3% penetration

of LATAM Total Travel Market

Gross Bookings of $96.4 Billion

▪ The secular growth story for Online Travel Agencies (“OTAs”) is similar to that of the online advertising

and e-commerce sectors

6

Miles Car Rental, LLC Business

Strictly Private & Confidential

Source: Company Management.

Strategic Model

▪ Generates revenue by attracting traffic to its portals and

monetizing it through the sale of car rentals and hotel

bookings to LATAM consumers targeting travel

mainly to North America, and licensing the

technological platforms the Company has been

developing for over 6 years

▪ The Company attracts traffic via its:

i. proven SEO, PPC, Social Media,

Retargeting/Remarketing and Contextual

Advertising techniques;

ii. access to over 4,300 on- and off-airport U.S.

locations across the Company’s car rental

partnerships and database of 120,000

international hotels;

iii. unique content and years of intricately designed

copyright covering the major languages and

populations in the Western Hemisphere; and

iv. global network of 46 web portals and multi-

year contracts at attractive take rates for the

Company

Current & Projected Financials

7

$3.0 $4.2

$8.0

$12.2

$17.4

$22.1 $24.1

62.1%

40.8%

91.2%

52.7% 42.4%

27.2% 9.2%

25.0%

50.0%

75.0%

100.0%

$5.0

$10.0

$15.0

$20.0

$25.0

2015A 2016A 2017A 2018E 2019E 2020E 2021E

To

tal Rev

enu

es % G

row

th

To

tal R

even

ues

($

in m

illio

ns)

Historical & Projected Total Revenue(CY 2015A - 2021E)

$0.5 $0.3

$1.4 $1.9

$2.7

$3.4 $3.7

17.7% 6.3%

17.3% 15.3% 15.3% 15.3% 15.3%

30.0%

60.0%

90.0%

$1.0

$2.0

$3.0

$4.0

$5.0

2015A 2016A 2017A 2018E 2019E 2020E 2021E

EB

ITD

A %

Margin

EB

ITD

A (

$ in

millions)

Historical & Projected EBITDA(CY 2015A - 2021E)