Posts Tagged ‘CUS’

ASX Company News: Customers To Supply ATMs At Coles

Friday, November 11th, 2011

Customers Limited (CUS) announced an agreement with Coles to provide a full managed service across more than 400 ATMs in Coles Express service stations and convenience stores. The agreement, which followed a competitive tender process, is for a five-year term. Securing this agreement solidifies Customers’ expansion into the outsourced managed ATM services space, providing the company with incremental annuity revenue and further diversifying existing transaction-based revenue streams. Customers will provide ATM hardware and software, ongoing maintenance, cash servicing, branding and 24-hour technical support to Coles Express.

Customers Managing Director Tim Wildash said the agreement was a significant endorsement of the company and its service offering.  “Securing an agreement of this scale with one of our country’s largest and most successful retailers shows just how competitive we are and will continue to be in this space. This demonstrates our capabilities in managed services for both the financial institutions and the corporate sectors,” Mr Wildash said. “Globally recognised state-of-the-art equipment from our partner, Nautilus Hyosung, combined with our scale, unmatched nationwide resources and experience allows us to offer major retailers and financial institutions in Australia a fully customised and advanced solution. “We’re looking forward to working with Coles and providing their customers with the latest in convenience ATMs, ensuring fast, safe and reliable access to cash when they need it.”

Customers will be installing Nautilus Hyosung’s leading bank-style ATMs combined with Kalignite software at Coles Express sites. Kalignite software will enable advanced functionality and personalised service to be delivered directly to Coles Express customers. Under the agreement, Customers will upgrade existing Coles Express ATM facilities, and will be installing ATMs at Coles Express sites that do not currently have ATM facilities. All ATMs as part of the deal will be branded in Coles Express livery and the installation program will run into mid-2012. The capital expenditure required by Customers to perform the contract will be entirely funded from existing credit lines. As this is incremental revenue Customers expects it to be EPS enhancing from year one.

Customers ATM  (CUS) and operator of Australia’s largest fleet of ATMs. The company’s ATMs are contracted to merchants across Australia. The company operates ATMs for Bank of Queensland, whilst also carrying a range of bank brands on selected terminals, including Bendigo Bank, Citibank and Arab Bank of Australia, as well as its own brands. Customers is recognised as a leading independent owner and deployer of ATMs and the company is quality certified to ISO 9001.

www.customersatm.com.au

http://www.traderdealer.com.au/fundamentals/cus

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ASX Company News: Customers Expands ATMs In Australia

Wednesday, August 10th, 2011

Customers (CUS) expands its Australian ATM fleet through the acquisition of 124 merchant sites from Aussie ATM, part of MyATM Holdings Limited.

In announcing the acquisition of sites from MyATM, Customers Managing Director Tim Wildash said the transaction further cemented the company’s position as Australia’s leading independent ATM provider. “As the largest operator in our sector,  Customers is the logical suitor for acquisitions of this nature, particularly during the current economic environment, given our balance sheet strength and the opportunity to utilise our scale benefits to enhance the profitability of these fleets,” Mr Wildash said. Mr Wildash added: “Customers has assessed a number of other opportunities in the market and will continue to evaluate these as they arise. We will pursue only those acquisitions that are fairly priced and make strategic sense for the company and which will, particularly when combined with our existing businesses, create value for shareholders.”

As part of the acquisition, Customers has acquired the underlying contract with the merchant at each site only. The existing ATMs at those sites will be removed by MyATM and replaced with ATMs supplied by Customers. Accordingly, Customers will not become subject to obligations owed to third party investors.

www.customers.com.au

http://www.traderdealer.com.au/fundamentals/cus

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ASX Company News: Customers Enters Five Year Agreement With Bank Of Queensland

Sunday, June 19th, 2011

Customers Limited (CUS), Australia’s leading owner/operator of ATMs,  announced a five-year agreement with Bank of Queensland Limited (BOQ) to provide a full ATM managed service to the bank across more than 400 terminals. The agreement, which followed a competitive tender process, will see ATM Solutions Australasia Pty Ltd (a wholly owned subsidiary of Customers Limited) manage a core fleet of around 100 BOQ off-branch ATMs throughout Australia as part of the rediATM network. In addition to the off-branch locations, the agreement also provides for more than 300 terminals within Customers’ existing fleet to transfer to a fully outsourced model with BOQ. As a result, Customers will receive predictable monthly revenue on these terminals for the next five years, replacing their current transaction-based revenue. Under the agreement, Customers will deliver a fully outsourced managed service, including ATM hardware, software, maintenance, cash servicing and 24-hour technical support, with all terminals to carry the rediATM brand.

The agreement represents one of the largest ATM asset expansions by an Australian financial institution in several years. BOQ and rediATM’s 8 million cardholders will now have even greater access to direct charge free ATMs in more convenient locations across Australia. The agreement is anticipated to produce aggregate incremental uplift in earnings before interest, taxes, depreciation and amortisation (EBITDA) for Customers of between $5 million – $6 million over the five-year period.

Customers Managing Director, Tim Wildash, said the agreement was a landmark event for the company in its diversification into the direct provision and operation of financial institution ATMs and services, whilst providing for fixed annuity-style service revenues to the company. “As a fundamental plank of Customers’ growth strategy, we announced a partnership with Nautilus Hyosung just over 18 months ago that was focused at creating a unique value proposition to financial institutions. This proposition aims to help drive the future landscape of Customers’ growth and of ATM service and provision for Australia’s financial institutions. “Today’s announcement represents the first major milestone in our diversification and growth journey, and most importantly recognition of the competitive offering that Customers is able to provide to Australia’s main financial institutions and their cardholders.

www.boq.com.au

http://www.traderdealer.com.au/fundamentals/boq

www.customersatm.com.au

http://www.traderdealer.com.au/fundamentals/cus

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Dividends: Customers Ex Dividend On 1/4/2011

Tuesday, March 29th, 2011

Customers Limited (CUS) will go ex dividend on 1/4/2011. The current dividend payment is 3 cents and it is 0% franked. The record date is 7/4/2011 and the dividend will be paid on 21/4/2011. Based on the full year payment the dividend yield is 7.6%.

*Current Yield: 2.1% Franking: 0% DRP Discount: Not Available

Customers Limited

*Yield has been calculated on the closing price on the 25/3/2011. Current yield is based on the current dividend payment only.

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ASX Company News: Customers Acquires Keycard ATM

Wednesday, November 24th, 2010

Further to the Company’s announcement of 18 November 2010 relating to the acquisition of two small ATM operators, Customers Limited is pleased to announce it has reached agreement to acquire the business of a third independent operator, Keycard ATM. The acquisition of the Keycard business will add 113 ATMs to Customers’ nationwide fleet of over 5600 ATMs – the largest ATM network in Australia. The business acquired from Keycard also includes a further 21 signed merchant contracts that Customers will deploy.

Customers Limited Managing Director Tim Wildash said the Keycard acquisition was pleasing for the Company. “With a fleet of 113 ATMs in sustainable, well-chosen convenience locations and a further 21 signed contracts to deploy, we believe that Keycard is a sound investment for Customers,” Mr Wildash said. “With Keycard, and our just completed acquisitions of Yourcash ATM and Crown ATM, we will utilise our scale benefits to enhance the service delivery and profitability of these fleets.

Customers is listed on the Australian Securities Exchange (CUS) and operates Australia’s largest fleet of ATMs, which are contracted to merchants. The Company’s fleet includes bank branding, such as Bendigo Bank, Citibank and Arab Bank of Australia, as well as its own brands. Customers prides itself on achieving industry leading network uptime, providing advanced hardware from leading global manufacturers and ensuring best practice in service provision.

www.customersatm.com.au

www.customers.com.au

http://www.traderdealer.com.au/Fundamentals/cus

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Dividends: Customers Ex Dividend On 24/11/2010

Monday, November 8th, 2010

Customers Limited (CUS) will go ex dividend on 24/11/2010. The current dividend payment is 8 cents and it is 0% franked. The record date is 30/11/2010 and the dividend will be paid on 14/12/2010. Based on the full year payment the dividend yield is 4.3%.

*Current Yield: 4.3% Franking: 0% DRP Discount: Not Available

Customers Limited

*Yield has been calculated on the closing price on the 3/11/2010. Current yield is based on the current dividend payment only.

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ASX Company News: Customers To Provide CitiBank ATMs

Wednesday, July 14th, 2010

Customers Limited (CUS), Australia’s leading owner/operator of ATMs, today announced a cornerstone partnership with Citibank Australia. The partnership will see expansion of the existing Citibank ATM network via a branding arrangement with Customers. Customers and Citibank have agreed to progressively expand Citibank’s ATM network by a minimum of 150 ATMs within the next 18 months. It is anticipated that the partnership will ultimately achieve substantially greater numbers above the agreed minimum, with Citibank and Customers engaging in a site identification and selection process which has already exceeded 150 terminals. The Citibank branded ATMs will be supplied and operated by Customers under a three-year contract.

Customers Managing Director Tim Wildash said the ATMs will be re-branded from Customers’ existing fleet, which is the largest fleet of ATMs across Australia. As sites are selected, the agreement will provide revenue uplift for Customers through a branding fee per ATM from Citibank.

Citibank CEO, Roy Gori said Citibank and Diners Club cardholders would be important beneficiaries of the agreement, and that this important step formed part of a broader strategy in Australia. “Over the next 18 months to two years, we will be investing heavily in our brand and in our physical presence in Australia. This includes the revitalisation of our existing branch sites with innovative technologies, the development of new branches in key strategic sites and, in alliance with Customers, the expansion of a branded ATM network,” Roy said. Ajay Kashyap, Head of Retail Banking for Citibank, said that the agreement joins Citibank’s existing agreements with Westpac and St George that give Citibank  customers access to one of the largest network of fee free ATMs in Australia. Ajay added that choosing Customers to manage such an important component of the bank’s services reflected its confidence in Customers’ business and ability to efficiently manage the fleet.

Customers Limited (CUS) operates Australia’s largest fleet of ATMs across Australia, which are contracted to merchants. Its ATMs are primarily branded Bank of Queensland, St George Bank, Arab Bank of Australia, and Bendigo and Adelaide Bank. Customers is recognised as a leading independent owner and deployer of ATMs in Australia and has more bank-branded ATMs than other providers.  Citibank, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citibank’s major brand names include Citibank, Citibank Financial, Primerica, Banamex, and Nikko.

www.citibankgroup.com

www.citibank.com

www.customersatm.com.au

http://www.traderdealer.com.au/Fundamentals/cus

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Customers ATM Extends ATM Contract With On The Run Stores

Sunday, March 28th, 2010

Customers ATM (CUS), a member of Customers Limited Group, today announced a seven year agreement with Peregrine Corporation, to continue the provision of ATM services across their “On The Run” convenience sites. The agreement, which will see Customers ATM continue providing and operating ATMs in a 24- hour environment at the BP On The Run branded convenience sites, highlights Customers ATM’s position of strength in the marketplace. The 51 On The Run sites in Adelaide each house a variety of outlets such as BP service stations, C Coffee, Happy Wash car washes, Brumby’s Bakeries and Subway.

Customers ATM Managing Director, Tim Wildash, said the agreement was the second long-term   partnership between the two companies. “Signing with a supplier for seven years is a significant commitment. On The Run and Peregrine Corporation’s choice to renew their partnership with us is testament to our consistently superior level of service and ATM network reliability,” Mr Wildash said. “We own and operate more than a fifth of all ATMs in Australia and more bank-branded terminals than other providers. Agreements with leading convenience retailers such as Peregrine further strengthen our market-leading position.” Peregrine Executive Director, Yasser Shahin, said he was looking forward to continuing working with Customers ATM. As Adelaide’s leading convenience retailer, we must ensure we have experienced, reliable suppliers so that we can focus on our core business,” Mr Shahin said.  “Customers ATM has more than proven its reliability to us, demonstrating flexibility and fast, responsive service and support, 24 hours a day.” Bendigo Bank branding will be rolled out to the On The Run ATMs, as part of the bank’s commitment to making more ATMs available to its customers. Bendigo Bank is a long-term partner of Customers ATM, with Customers branding and operating ATMs on the bank’s behalf.

Customers ATM (CUS) operates an ATM network of more than 5600 machines throughout Australia contracted to merchants. Its ATMs are primarily branded Bank of Queensland, St George Bank, Arab Bank of Australia, and Bendigo and Adelaide Bank. Customers holds contracts with more than 4600 merchants, which offer exclusive rights to provide cash to consumers at popular convenience locations. Customers is recognised as a leading independent owner and deployer of ATMs in Australia. Peregrine Corporation is Adelaide’s leading convenience retailer. The company was formed in 1984 with a single service station in Woodville Park and grew into a convenience business themed around the On The Run umbrella brand with more than 50 sites in Adelaide. The sites house a range of convenience businesses, including BP service stations, Brumby’s Bakeries, Subway sandwich outlets and Happy Wash car washes. Peregrine Corporation also operates Smokemart and GiftBox stores throughout Australia.

www.customersatm.com.au

www.perecorp.com.au

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Customers Signs Contracts with Bendigo Bank and BP

Thursday, June 4th, 2009

Customers Limited (CUS), one of the largest owner/operators of ATMs across Australia, today announced two major contracts, the first with Bendigo and Adelaide Bank and the second with BP Australia in separate arrangements. Customers and the Bendigo and Adelaide Bank have agreed to work together to progressively expand the bank’s ATM fleet by up to 500 ATMs, with terminals to be selected and branded with the Bendigo Bank’s brand. The additional ATMs will be supplied and operated directly by Customers under a 5 year contract.

Customers’ Managing Director Tim Wildash said that the ATMs will be re-branded from Customers existing fleet of nearly 5,500 devices around Australia and, as sites are selected, will provide a revenue uplift for Customers through a branding fee receivable on a per ATM basis. In addition, the company anticipates a positive effect on its network transaction volumes emanating from utilisation by Bendigo and Adelaide Bank customers. Bendigo and Adelaide Bank Managing Director Rob Hunt said that the bank’s card holders will be important beneficiaries of the arrangement, with the Bank’s ATM network across Australia potentially doubling to around 1150 terminals. The bank’s cardholders will not be charged for using these Bendigo branded ATMs, while non Bendigo customers will be charged a convenience fee under the new system of ATM fees in Australia.

In addition, Customers announced that it has finalized terms with its largest merchant client, BP Australia Pty Ltd, to extend its current ATM services contract for over 200 ATM installations across BP’s company owned and operated stores throughout Australia. The new contract provides both parties with committed arrangements until 2013 on improved terms.

In conclusion, Mr. Wildash said “Both contracts are a clear demonstration of the level of service, cost effectiveness and reliability provided by Customers on a national scale. It is particularly encouraging that two leading and iconic brands have chosen Customers to provide first class cost effective ATM services for their respective outlets across Australia”.

Customers is listed on the Australian Securities Exchange ( CUS) and operates an ATM fleet of over 5,500 machines throughout Australia contracted to merchants, which are primarily branded Bank of Queensland, St George Bank, Citibank and Arab Bank. Customers holds, primarily, five-year term contracts with its merchants, which offer exclusive rights to provide cash to consumers at popular convenience locations. Customers is recognised as the leading independent owner and deployer of ATMs in Australia and is the only provider of its kind with bank branding options.

www.customers.com.au

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