Sale of T-Chek Systems, Inc. Conference Call October 16, 2012 John Wiehoff, Chairman & CEO Chad Lindbloom, CFO Exhibit 99.2 |
2 Call Agenda • Overview of T-Chek • Transaction summary • Strategic rationale * * * * * * * * * * * * * * * * * * * * * * * |
3 T-Chek Systems, Inc. • Wholly-owned subsidiary of C.H. Robinson since 1984 • Payment services: funds transfer, fuel purchasing, vendor payment and expense management tools • Major customer segments: truckload and less-than-truckload carriers; private fleets; truckstop chains • For the trailing 12 months ended September 30, 2012: • T-Chek payment services net revenue approximately $52 million • T-Chek operating income approximately $26 million • Approximately 4% of C.H. Robinson total net revenues • Approximately 190 employees, primarily in Minnesota * * * * * * * * * * * * * * * * * * * * * * * |
4 Transaction Summary * * * * * * * * * * * * * * * * * * * * * * * |
5 Strategic Rationale • Significant changes in payment services industry • Consolidation • Increasing importance of scale • Evolving toward financial services • People • EFS expects to retain a Minnesota presence • EFS will work closely with T-Chek senior leadership to integrate the companies * * * * * * * * * * * * * * * * * * * * * * * |