Radio Taxis Group

Our year ended 30 Nov 2012& some of plans for the year ending 30 Nov 2013

Welcomes Lloyds TSB to Mountview House

Key PerformanceIndicators

• Group Turnover increased by 1% to £38.2m (2011: £37.5m)

• Group Operating Loss £37k (2011: £90k profit)

• Overall Loss after tax £38k (2011: £15k profit) close to breakeven

• Net Cash Inflow from Operations was £1.8m (2011: £66k outflow)

• Gross Profit Margin increased to 27.3% (2011: 23.5%)

The market & our part in it

• Challenging economic climate

• As close to break-even as financial macro climate would allow

• Multi speed business some areas sluggish others solid growth

• Very careful costs control – leaner than ever before

• LOCOG – letters of commendation

The ups and the downs

• RT down 6% & Xeta down 15%

• Cheap deals – banking sector

• Legal going well

• Municipal going well

• Train companies – LUL – LOROL – LMECM – Eurostar

What we did in the year• VeriFone 5 year chip and pin & Visa –

incentives and screens

• Chip and Pin +98% for year – now running at +190%

• Changed from PMR < GPRS

• Zeus additional costs associated with fitting Zeus and VeriFone partly mitigated by additional operating income from VeriFone

• Fleet size dropped -10% ageing population of taxi drivers – pilot for “PAYG” on Xeta

What we did last year (cont’d)

• APPS winning back work into taxi trade from AL

• Cash work dropped 3.6% for year

• One T net fee income + 7.8% Gross margin

• We won LOCOG, Standard Chartered, Simmons and Simmons

• BBC slight drop

• Better use of Group resources – One Transport restructure

So in summary

• Taxi drivers who did LOCOG did well

• Rest of business very quiet during Olympics

• Increase in t/o partly contractual BBC car network now ours

• Groups cash position very strong

• Three stages of apps

Now & in the future

• Huge interest APP bubble

• One T now “leads” on all of our sales

• Restructure in One Transport outsourced software to DAI

• Definitely huge interest in One Transport

• Proposition we need to be in a position to supply service open accounts quickly

2013 Budget Assumptions• Continued decline in account taxi journeys partly

offset by chip & pin growth

• One T growth – now also targeting smaller accounts

• Continued cost control

• No one off costs – Zeus implementation was £100k.

• Investment centred on mobile bookings and One T ‘rigour’

• Positive cash outlook