Yatra Online Limited Enters into Definitive Agreement to Acquire 100% of Globe All India Services Limited (Globe Travels)
ACQUISITION OVERVIEW
Date Announced: September 2, 2024
Acquisition Details:
Acquirer: Yatra Online Limited (NSE: YATRA)
Target: Globe Travels
Price: INR 128 Cr
Source of Funds: Earmarked IPO funds of 150 Cr for M&A
Financial Impact:
Adds annual GMV of INR 783 Cr taking B2B total GMV > 50% of Total Yatra GMV
Adjusted Operating Margins of above 20%
Expected to be immediately accretive to Yatra's financials
Customer Base:
Globe Travels adds 360 corporate clients to Yatra's 850 for a combined total of over 1200 corporate customers
Top Globe clients include leading majors from Cement and Steel sectors
850+
+360
Yatra's corporate
Corporate clients
clients
from Globe Travels
+$90M
Annual gross bookings
from Globe Travels
Yatra Online Limited | Corporate Presentation
3
Acquisition Key Benefits and Synergies
Expanded Market Share:
40% increase in corporate customer base
Enhanced positioning with suppliers for better terms
Cross-Selling Opportunities:
Minimal overlap in customer base
Potential to cross-sell hotels, expense management, and travel solutions
Synergistic Benefits:
Integration of Yatra's Corporate Self Booking Platform
Increased efficiencies and reduced costs for Globe's clients
Margin expansion potential through realized synergies
MICE Expertise:
Strengthens Yatra's capabilities in Meetings, Incentives, Conferences, and Exhibitions (MICE) and makes the combined entity one of the leading players in MICE by volume of business
Yatra Online Limited | Corporate Presentation
4
Key Financial Metrics
FY24 (INR Mill) Yatra Online Limited
Globe Travels
Gross Bookings
75,884
7,830
Revenue
4,223
2,503
Adj Revenue
6,565
470
Adj EBITDA
534
170
PAT
(45)
83
Employees
1,268
240
Acquisition accelerates mix shift towards B2B.
Adds annual GMV of INR 7830 million taking total B2B GMV > 50% of Total Yatra GMV
Acquisition to be immediately accretive
Yatra Online Limited | Corporate Presentation
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06 September 2024 and is solely responsible for the information contained therein. Distributed by
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Yatra Online, Inc. is an India-based corporate travel services and online travel company. The Company provides services to over 1,200 corporate customers and 50,000 registered small and medium enterprise customers. The Company's operating segments include Air Ticketing, Hotels and Packages, and Other Services. Leisure and business travelers use Yatra India's mobile applications, its Website, and its other offerings and services to explore, research, compare prices and book a range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. Its customers can review and book flights on all major Indian and international airlines, and accommodations at approximately 108,000 hotels in 1,500 cities and towns in India, as well as more than two million hotels around the world.
