TBO Tek Limited — PPTs, 05-09-2025: Investor Presentation

TBO Tek is acquiring Classic Vacations for $125 million, a move set to finalize by early October. This deal significantly expands TBO's footprint into the North American luxury travel market. Classic Vacations, a 47-year-old B2B2C company, connects US travel advisors with high-end destinations like Hawaii and Europe. For FY24, Classic Vacations reported strong Gross Bookings of $475 million and Operating EBITDA of $11.2 million, driven by its premium services and a net revenue take rate of 23.3%.

This strategic acquisition aims to unlock substantial growth by cross-leveraging luxury hotel supply, integrating TBO's advanced booking technology, and tapping into Classic Vacations' established US consortia relationships. Management projects the combined entity will command over $600 million in US business from approximately 12,000 buyers, signaling robust expansion opportunities. The acquisition is funded through internal cash reserves and a $70 million term debt.