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Bright.Blue - WHSmith - Connected Retail Network

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CONFIDENTIAL

Building the World’s Largest

Connected Retail Network

July 2025

Partnership with:

Connected Retail: The Future of Travel Commerce

£50B+

Global Market

Unattended Retail Market by 2030 8.5% CAGR Airport Retail Growth Rate

£15B

Travel Advertising

Digital Advertising in Travel Market

£400B+

Online Commerce Online & Subscription Commerce Market

A Strategic Channel for Growth

Existing WHSmith Airport Presence

Immediate competitive advantage with established relationships and infrastructure across 30+ Countries

Unified Customer Experience Across the World

Seamless WHSmith brand experience from pre-travel to post-travel across all retail touchpoints

Incremental Revenue via Multiple Monetisation Streams

Through unattended retail, online retail, subscriptions, retail media, advertising and experiential marketing

Dominate the

Future

Become Premier Brand for Connected Automated Retail

First-mover advantage in the £50B+ unattended retail market, £400B+ online retail market and £15B travel advertising market

Scale to Thousands of Distribution Endpoints

With minimal capital investment and maximum placement & relocation flexibility based on performance

Revolutionise Customer Lifetime Value

From £5-10 per transaction to £1,500+ annual value

of Travel Retail

With AI-powered, IoT-connected, media-enabled solutions powered by

Designed to Be Seen. Built to Sell

Beautiful, Retail-Grade Hardware that Showcases WHSmith’s Identity and Premium Product Mix

One Brand. One Standard. Everywhere

Bright.Blue Helps Bring WHSmith’s Trusted Identity to Life Globally — Unified, Modern, Unmistakably WHSmith

Deploy Fast. Scale Globally. Exit Easily

Launch in Thousands of Locations with Low CapEx, Low OpEx - Drop It In. Switch It On. Scale or Walk Away

Physical to Digital Retail

From On-The-Spot Purchases to Lifetime Customer Value — Online Retail, Delivery, Subscriptions

Beyond Sales: Monetisation at Every Layer

Unified Technology. Unified Operations. Global Scale

A Single Platform Powering WHSmith’s Global Footprint — Integrated Technology, Unified Experience, Infinite Scalability

Cloud Software eCommerce Platform Integrated Payments

CMS Ad Platform

Real-Time Analytics

The Perfect Launchpad

WHSmith can acquire Selecta’s MAG contract and double its value with Bright.Blue’s monetisation engine.

3 Major UK Airports: Manchester, Stansted, East Midlands

61.3m Passengers Served: FY24 Figures

5 Product Categories: Snacks, Beverages, Travel Essentials, Staff

Contract Value

£5M+ annual revenue potential (Selecta's projection)

40%+ revenue uplift with Bright.Blue retail technology

Simple Investment & Return Summary

Indicative investment with exceptional ROI potential — driven by platform intelligence, scale, media, and brand monetisation.

Item Amount

Total Investment

Projected Annual Revenue

Media & Campaign Revenue

5-Year Uplift Potential

£8.4M (Indicative value based on Selecta’s current guidance)

£7M+ (Assumes 40% uplift vs. Selecta’s baseline)

£1.7M+ Per Annum

£10M+ (Conservative estimates)

Note: This document is exploratory in nature and represents a non-binding business case for discussion purposes only. All financial projections, terms, and strategic outcomes are subject to further negotiation and agreement between all parties involved.

The WHSmith Advantage: Why This Model Wins

This contract becomes significantly more profitable with WHSmith and Bright.Blue because of:

Higher Margins: WHSmith has lower operating costs and stronger gross margins than Selecta.

Higher Basket Size: Trusted brand enables broader product range and higher spend per transaction.

Media Monetisation: Monetise advertising, brand activations, and digital revenue streams previously untapped.

Operational Synergy: WHSmith is already embedded in airports, efficient central operations

Platform Intelligence: Bright.Blue’s AI-driven tools drive upsell, cross-sell, and repeat purchase

From One Contract to a Global Footprint

Current Opportunity

Selecta holds major airport vending contracts (Madrid, Paris, Oslo and more)

New ownership is open to transferring these contracts

Why it Works for WHSmith

Instant access to high-value airport sites

Strong synergy with WHSmith’s existing airport presence

Quick wins through infrastructure, efficiency and brand trust

Huge upside by combining WHSmith + Bright.Blue platform

Great value return from contract acquisition

Next Steps UK | Europe | US | Global Expansion

P H A S E 1 ( 2 0 2 5 )

Deploy the MAG Group contract

Integrate Bright.Blue x WHSmith technology and operations

Track and Monitor KPI

P H A S E 2 ( 2 0 2 6 )

Expansion to other European Airport Hubs, leveraging Selecta’s current network

Explore new locations via tenders and existing WHSmith contracts EU | UK | US

P H A S E 3 ( 2 0 2 7+ )

Global expansion

Thank You

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