Rite Aid — Merger or Acquisition (July 2017)
9 slides from Rite Aid's merger presentation, Jul 18, 2017
Slide 1: Asset Sale Pro-Forma Information July 17, 2017
Asset Sale Pro - Forma Information July 17, 2017 1
Slide 2: Cautionary Note Regarding Pro Forma Information
CAUTIONARY NOTE REGARDING PRO FORMA INFORMATION : The following presentation provides certain pro forma information regarding the impact of Rite Aid’s proposed sale of stores and assets to Walgreens Boots Alliance, Inc . on Rite Aid’s results of operations and capital structure . The pro forma infor
Slide 3: Cautionary Statement Regarding Forward Looking Statements
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS : Statements in this presentation that are not historical are forward - looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Such statements include, but are not limited to,
Slide 4: Non-GAAP Financial Measures
Non - GAAP Financial Measures The following presentation includes a non - GAAP financial measure, Adjusted EBITDA . Rite Aid defines Adjusted EBITDA as net income excluding the impact of income taxes, interest expense, depreciation and amortization, LIFO adjustments, charges or credits for facility
Slide 5: Asset Sale Information – Key Assumptions
Asset Sale Pro - Forma Information – Key Assumptions • Fiscal 2017 data presented on a 52 - week basis instead of on a 53 - week basis, as reported for the fiscal year ended March 4, 2017 • Net proceeds of $4.9 billion used to pay down debt (refer to "Sources and Uses" slide) • Corporate administrat
Slide 6: Reconciliation of Net Income to Adjusted EBITDA
Pro - Forma Financial Information – Reconciliation of Net Income to Adjusted EBITDA 6 ($ in thousands) (1) Includes adjustments to reflect results on a 52 week basis and account for the sale of the divested stores (except for record ing the gain on sale), including, among other things, adjustments t
Slide 7: Sources and Uses
Pro - Forma Sources and Uses 7 ($ in millions) Sources Estimated Purchase Price (1) 5,175$ Merger Termination Fee 325 Total Sources 5,500$ Uses Estimated Accrued Liabilities (Net of Retained Assets) (2) 369$ Estimated Restructuring Charges and Transaction Costs 100 Estimated Income Tax Expense on Sa
Slide 8: Store Metrics
Pro - Forma Store Metrics (as of and for the year ending March 4, 2017) 8 (1) Per store sales and script information is presented on a 52 week basis and is derived from Rite Aid’s internal data. (2) Includes impact of Rite Aid’s proposed sale of 2,186 stores and other assets to WBA. Current Rite Aid
Slide 9: CPP experience
CPP experience