Ebix was founded in 1976 and is headquartered in Johns Creek, US

Chairman, President & CEO

CFO

SVP, International Business & Intellectual Property

Ebix has an office in Johns Creek

Johns Creek, US (HQ)

1 Ebix Way

Ebix's revenue was reported to be $79.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 79.1 m |

## Gross profit (Q1, 2017) | 53.9 m |

## Gross profit margin (Q1, 2017), % | 68% |

## EBIT (Q1, 2017) | 25.7 m |

## Market capitalization (17-Aug-2017) | 1.8 b |

## Cash (31-Mar-2017) | 120.2 m |

Ebix's current market capitalization is $1.8 b.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 214.3 m | 265.5 m | 298.3 m |

## Revenue growth, % | 5% | 24% | 12% |

## Cost of goods sold | 47.4 m | 72.4 m | 85.1 m |

## Gross profit | 166.9 m | 193 m | 213.2 m |

## Gross profit Margin, % | 78% | 73% | 71% |

## Sales and marketing expense | 13.8 m | 14.9 m | 17.5 m |

## R&D expense | 33 m | ||

## General and administrative expense | 36.9 m | 48.1 m | 51.7 m |

## Operating expense total | 134.6 m | 176.8 m | 198 m |

## EBIT | 79.7 m | 88.7 m | 100.3 m |

## EBIT margin, % | 37% | 33% | 34% |

## Interest expense | 4.3 m | 7.4 m | |

## Interest income | 231 k | 1.9 m | |

## Pre tax profit | 86.6 m | 95.9 m | |

## Income tax expense | (7.1 m) | (1.6 m) | |

## Net Income | 63.6 m | 79.5 m | 94.3 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 51.5 m | 50.8 m | 63.8 m | 64.7 m | 66.8 m | 71.1 b | 72.6 m | 74.6 m | 79.1 m |

## Cost of goods sold | 10 m | 10.3 m | 19.5 m | 18.7 m | 17.8 m | 19.6 b | 20.6 m | 22.4 m | 25.2 m |

## Gross profit | 41.5 m | 40.5 m | 44.3 m | 46 m | 49 m | 51.5 b | 52 m | 52.2 m | 53.9 m |

## Gross profit Margin, % | 81% | 80% | 69% | 71% | 73% | 72% | 72% | 70% | 68% |

## Sales and marketing expense | 3.8 m | 3.6 m | 3.4 m | 3.6 m | 3.8 m | 4.3 b | 4.2 m | 4.5 m | 4.3 m |

## R&D expense | 6.8 m | 6.8 m | 7 m | 7.3 m | 8.3 m | 8.1 b | 8.3 m | 8.6 m | 8.4 m |

## General and administrative expense | 11.1 m | 6 m | 10.7 m | 12.1 m | 12.1 m | 11.6 b | 13.3 m | 12.1 m | 12.7 m |

## Operating expense total | 21.6 m | 16.3 m | 21.2 m | 23 m | 24.3 m | 24 b | 25.8 m | 25.2 m | 25.4 m |

## EBIT | 17.5 m | 21.7 m | 20.5 m | 20.4 m | 22 m | 24.8 b | 23.6 m | 24.3 m | 25.7 m |

## EBIT margin, % | 34% | 43% | 32% | 32% | 33% | 35% | 32% | 33% | 32% |

## Interest expense | (211 k) | (392 k) | (719 k) | (625 k) | (1.1 m) | (1.3 b) | (2.2 m) | (1.9 m) | (2.5 m) |

## Interest income | 130 k | 61 k | 61 k | 44 k | 62 k | 143 m | 441 k | 635 k | 774 k |

## Pre tax profit | 16.9 m | 22 m | 20.7 m | 20.2 m | 22.1 m | 24.1 b | 21.6 m | 24.7 m | 27.5 m |

## Income tax expense | (3.3 m) | (4 m) | (2.4 m) | (1.1 m) | (1.9 m) | (1.8 b) | 1.4 m | (789 k) | (869 k) |

## Net Income | 13.6 m | 18 m | 18.3 m | 19 m | 20.2 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 56.7 m | 52.3 m | 57.2 m | 114.1 m |

## Current Assets | 102.3 m | 103.9 m | 116.8 m | 209.9 m |

## PP&E | 8.5 m | 24.7 m | 34.1 m | 37.1 m |

## Goodwill | 337.1 m | 402.2 m | 402.3 m | 441.4 m |

## Total Assets | 553.9 m | 634.3 m | 676 m | 803.8 m |

## Accounts Payable | 44.9 m | |||

## Current Liabilities | 66.7 m | 69.8 m | 51.3 m | 89.7 m |

## Total Liabilities | 365.1 m | |||

## Additional Paid-in Capital | 164.2 m | 137.1 m | 57.1 m | |

## Retained Earnings | 257.6 m | 309.7 m | 378.8 m | 457.4 m |

## Total Equity | 409 m | 438.6 m | ||

## Financial Leverage | 1.7 x | 1.8 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 32.9 m | 47.4 m | 27.2 m | 27.4 m | 33.2 m | 69 m | 78 m | 99.8 m | 120.2 m |

## Current Assets | 81.1 m | 94.3 m | 83 m | 87.7 m | 93.2 m | 139.3 m | 145.4 m | 185.4 m | 217 m |

## PP&E | 21.1 m | 22.6 m | 28.1 m | 32.3 m | 33.6 m | 34.2 m | 34.5 m | 36.2 m | 38.8 m |

## Goodwill | 352.8 m | 350.3 m | 399.4 m | 412.8 m | 408.1 m | 403.2 m | 406.9 m | 428.1 m | 443.3 m |

## Total Assets | 551.5 m | 564.5 m | 613.2 m | 644.3 m | 648.5 m | 697.4 m | 707.9 m | 761.1 m | 815.2 m |

## Accounts Payable | 16.3 m | 11.1 m | 18.5 m | 23.1 m | 21.7 m | 14.7 m | 19.3 m | 30.4 m | 23.9 m |

## Current Liabilities | 68.5 m | 35.6 m | 47.8 m | 52.8 m | 49.7 m | 44.2 m | 58.6 m | 71.3 m | 69.1 m |

## Additional Paid-in Capital | 163.6 m | 151 m | 113.4 m | 103.5 m | 69.8 m | 43.8 m | 20.3 m | 16.2 m | |

## Retained Earnings | 280.8 m | 295.9 m | 325.3 m | 341.7 m | 359.3 m | 398.5 m | 419 m | 440.6 m | 448.6 m |

## Total Equity | 426.6 m | 400.2 m | 417 m | 411.8 m | 428.8 m | 420.6 m | |||

## Financial Leverage | 1.5 x | 1.6 x | 1.7 x | 1.7 x | 1.8 x | 1.9 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 59.3 m | 63.6 m | 79.5 m | |

## Depreciation and Amortization | 10.1 m | 9.7 m | 10.6 m | 10.7 m |

## Accounts Receivable | (3.3 m) | (1.5 m) | (7.3 m) | (12.7 m) |

## Accounts Payable | 1.1 m | 14.7 m | (19.9 m) | (3.7 m) |

## Cash From Operating Activities | 57.1 m | 58.5 m | 48.7 m | 83.7 m |

## Capital Expenditures | (1.2 m) | (16.3 m) | (14 m) | (6 m) |

## Cash From Investing Activities | (8.8 m) | (77.8 m) | (37.4 m) | (20.7 m) |

## Short-term Borrowings | (277 k) | (231 k) | (10 k) | (5 k) |

## Dividends Paid | (2.8 m) | (11.4 m) | (10.5 m) | (9.8 m) |

## Cash From Financing Activities | (26.4 m) | 15.9 m | (6.3 m) | (4.1 m) |

## Interest Paid | 1.2 m | 1.3 m | 5.4 m | 7.2 m |

## Income Taxes Paid | 13.8 m | 11.4 m | 28.6 m | 16.6 m |

## Free Cash Flow | 58.3 m | 74.8 m | 62.7 m | 77.8 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} |
---|---|---|---|---|---|

## Net Income | 13.6 m | 18 m | 18.3 m | 19 m | 20.2 m |

## Depreciation and Amortization | 2.4 m | 2.4 m | 2.6 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 26.5 k |

## Financial Leverage | 1.9 x |

Ebix's Customers was reported to be 16 k in FY, 2016

Source: 164 public H-1B filings from Ebix

August 01, 2016

* Patriot national enters into serious discussions with
ebix, inc.

June 20, 2016

* Says expansion of its existing credit facility from $240
million to $400 million, to fund its growth and share repurchase
initiatives

June 15, 2016

* Ebix offers to acquire insurance technology solutions
provider, Patriot National Inc, for $9.50 per share