Sysco Corporation · NYSE:SYY
Sysco — Merger or Acquisition (December 2013)
10 slides from Sysco's merger presentation, Dec 9, 2013
Slide 1: Sysco's Merger with US Foods
Sysco’s Merger with US Foods December 9, 2013
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information included in this document (including information included or incorporated by reference in this document) that look forward in time or that express beliefs, expectations, or hopes are forward-looking statements within the meaning of the Private Securities Litiga
Slide 3: Two Great Companies: Bringing Together the Best of Both
Two Great Companies Bringing Together the Best of Both 3
Slide 4: Consistent with Sysco's Strategic Focus
Consistent with Sysco’s Strategic Focus Sustainable Operating Profitable Margin Growth Reduce operating Leverage customer costs insights Lower product costs Enhance and expand Continue to develop channels Sysco Ventures Increase customer Further develop retention enterprise structure Execute fold-in
Slide 5: A Transformational Acquisition
A Transformational Acquisition Benefits all stakeholders Combined strengths deliver greater value, more services and innovation for customers Customers Strengthen our role as our customers’ most valued and trusted business partner Achieve shared efficiencies with suppliers Suppliers Platform
Slide 6: A World Class Foodservice Company
A World Class Foodservice Company Complementary core strengths Sysco operations and service fit nicely with US Foods food and innovation focus Scale advantages More leverage to lower cost of goods, accelerate innovation, and improve overall service Improved offerings New ability to create a compelli
Slide 7: Transaction Financing Structure
Transaction Financing Structure Approximate Total Transaction Value: Equity 3.0B Equity holders of US Foods will own approx. 87 million shares or, 13%, of combined company at closing, and A representative of each of US Foods’ majority shareholders will join Sysco’s Board of Directors Cash 0.5B U
Slide 8: At Least $600 Million in Estimated Annual Synergies
At Least $600 Million in Estimated Annual Synergies1 Assess resources General & Admin. Assess facilities and logistics Leverage Structural COGS combined spend Synergy Warehouse Selling and and Field Leverage Productivity Distribution Apply best infrastructure Productivity practices We Will Continue
Slide 9: Combination Creates Significant Shareholder Value
Combination Creates Significant Shareholder Value Immediately accretive to earnings after adjusting for Earnings transaction-related costs and amortization of intangibles Annual synergies of at least $600 million realized after Synergies three to four years Approximate sales of $65 billion Cas
Slide 10: Good things
Good things Sysco