The Finish Line — Finish Line — Merger or Acquisition (June 2007)
11 slides from The Finish Line's merger presentation, Jun 19, 2007
Slide 1: Creating A Leading $2.8 Billion Retailer
Creating A Leading $2.8 Billion Retailer June 18, 2007
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation regard matters that are not historical facts and are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended, and the rules promulgat
Slide 3: Additional Information
Additional Information Important Additional Information and Where to Find It In connection with the proposed merger, Genesco will file a proxy statement with the Securities and Exchange Commission (the "SEC"). INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVA
Slide 4: Better Positioned to Drive Strong Returns in Competitive Retail Environment
New growth opportunities Increased scale Broad portfolio of retail businesses Cost savings and operational efficiencies Strong financial profile Better Positioned to Drive Strong Returns in Competitive Retail Environment
Slide 5: Transaction Highlights
Transaction Highlights $54.50 per share in cash / 37.7% premium1 Total value: $1.53 billion Accretive to net income, before consideration of incremental amortization resulting from the transaction, in first full year after closing Purchase Price & Consideration Cash on hand of $11 million Up to $1.6
Slide 6: Diversification and New Growth Opportunities
Diversification and New Growth Opportunities Satisfying a Wider Spectrum of Consumers and Their Needs Trend-relevant footwear and accessories for young adults Includes Journeys, Journeys Kidz, Shi by Journeys Revenue: $697 mm 884 Stores Trendy urban store focused on teens to early 30s Includes Under
Slide 7: Increased Scale
Increased Scale Adjusted EBITDA2 Gross Profit1 Revenue Total Stores (1) Finish Line gross profit excludes occupancy costs for comparison purposes (2) Adjusted EBITDA is calculated as earnings from operations plus depreciation and amortization. Adjusted EBITDA for Finish Line excludes $0.1mm insuranc
Slide 8: Cost Savings and Operational Efficiencies
Cost Savings and Operational Efficiencies Shared administrative and back office services Increased scale in purchasing, marketing and advertising Sourcing and logistics efficiencies $15 Million to $20 Million in First Full Year of Operations
Slide 9: Strong Financial Profile
Up to $1.6 billion in financing Revolving Credit Facility Senior Secured Term Loan Senior Bridge Facility Strong free cash flow to support: Reduction in net debt Growth initiatives Strong Financial Profile
Slide 10: Summary
Summary Strong market positions across multiple footwear and apparel categories Well-defined, complementary retail concepts Presence in new and growing categories Increased product and geographic diversification Broadens and deepens vendor relationships Positioned for Growth and Value Creation
Slide 11: Creating A Leading $2.8 Billion Retailer
Creating A Leading $2.8 Billion Retailer June 18, 2007