Ipc Corporation Ltd · SGX:AZA
Ipc — Merger or Acquisition (April 2009)
6 slides from Ipc's merger presentation, Apr 6, 2009
Slide 1: Pro Forma Book Value Analysis
Pro Forma Book Value Analysis April 5, 2009
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation may include forward-looking statements, both with respect to us and our industry, that reflect our current views with respect to future events and financial performance. Statements that include the words “expect,” “intend,” “plan
Slide 3: Book Value Per Share Analysis
Book Value Per Share Analysis Figures Presented By Max (1) Correct Pro Forma Numbers (2) Diluted Tangible Book Value Per IPC Share Diluted Tangible Book Value Per IPC Share $40.00 $40.00 $33.83 $32.66 $28.93 $30.00 $26.19 $30.00 $20.00 $20.00 $10.00 $10.00 $0.00 $0.00 Max Validus Max Validus Diluted
Slide 4: Pro forma BVPS for IPCR — Validus Transaction
Pro forma BVPS for IPCR — Validus Transaction IPCR Share IPCR Share ($ in 000s, actual shares) Translation @ Termination Translation @ IPCR Pro Rata VR IPCR 1.2037x Fee (12) Pro Forma 1.2037x Value Shares Outstanding Basic Shares 75,624,697 (1) 55,943,297 (9) 67,338,947 142,963,644 Warrants 8,680,14
Slide 5: Pro forma BVPS for IPCR — Max Transaction
Pro forma BVPS for IPCR — Max Transaction MXGL Share Translation @ Termination ($ in 000s, actual shares) IPCR MXGL 0.6429x Fee Pro Forma Shares Outstanding Shares 55,943,297 (9) 55,805,790 (13) 35,877,542 91,820,839 Warrants — 4,735,125 (14) 3,044,212 3,044,212 Stock options 526,000 (10) 1,843,263
Slide 6: Endnotes
Endnotes Note: Excludes impact of purchase accounting adjustments except negative goodwill, and in the case of the Validus transaction, charging $50 million termination fee against equity 1) Page 6 of the Validus Investor Financial Supplement as of 12/31/2008 filed February 12, 2009 2) Gross amount