Michael McRitchie

Satellite Office provides offshoring solutions targeting Australian businesses on building their own dedicated teams in the Philippines. Satellite Office is a leading offshoring services provider focusing on building and managing tailored solutions, with over 20 years of BPO industry experience. • Cost savings of between $40,000 to $70,000 per person • A complete solution incorporating serviced office, staff leasing and support services • We build your dedicated team in the Philippines, servicing your business exclusively • The model is well suited for roles across customer service (across all channels and including outbound sales and technical support), digital marketing, IT and software development, creative design (web, graphic & CAD), content management, finance and back office processing • The solution works for single roles, is most effective with a team from as little as 2 and upwards to large teams in excess of 100 • Implementation performed to deliver operational improvements • Your company retains IP and builds your own company culture • Flexible terms and conditions promoting ability to scale up or down

Australia's largest online department store. • Creation of 4 year strategic plan, repositioning the group to focus on B2C and B2B online department stores. • Completion of group restructure, closing group buying business, changing business model of non-perishable supermarket category, reducing fixed cost base by over 30%, improving working capital management and supply chain. Managed an improvement in 'same store' sales and gross margin during this process. • Completion of capital raise to support strategic plan.

• Managed the successful sale of Centrebet to Sportingbet plc, completed on 31 August 2011. • Total shareholder return (TSR) whilst MD of 72.3%, compared to -10.0% for the S&P/ASX All Ordinaries Index and -18.8% for the S&P/ASX 200 Consumer Discretionary Index. • TSR for Centrebet as a public company of 44.6% (Compound annual TSR of 7.4%), compared to 4.1% for the S&P/ASX All Ordinaries Index (CAGR of 0.8%) and -31.5% for the S&P/ASX 200 Consumer Discretionary Index (CAGR of -7.1%). • Pre-tax IRR on the acquisition of Centrebet by the Kafataris family of 31%. • Promotion to MD in January 2011, completing successful succession plan from the founder and ex-Managing Director, Con Kafataris. This followed 2 years as Deputy MD. • Managed the successful IPO of Centrebet in July 2006, promoted to executive Finance Director on the public company board.

• Final transaction was initiating and managing the acquisition of Centrebet on behalf of SportOdds, owned by the Kafataris family, from Jupiters Limited, in tandem with the merger of Jupiters with TABCORP Holdings Limited. • Specialised in the technology, media and entertainment sectors, including initiating and taking ownership of the Australian business plan for KPMG Corporate Finance. • Secondment to the KPMG London office from April 2000 to May 2002. • Gained experience in logistics and value-add fulfilment services whilst on secondment to a technology client. • Commenced in the Valuations team.

Commenced employment with KPMG in the Audit and Advisory division after graduating from university. My experience included assisting and supervisory roles on large audits and due diligence projects, specialising in financial services, treasury operations and media.