Avaya — Corporate Update (February 2023)
11 slides from Avaya's corporate update, Feb 14, 2023
Slide 1: Business Update and Management Presentation
Confidential discussion materials Business Update and Management Presentation Exhibit 99.2
Slide 2: Disclaimer: Information Regarding Projections and Preliminary Financial Information
Disclaimer Cautionary Note Information Regarding Projections and Preliminary Financial Information The financial projections, prospective financial information and forecasts (collectively, the “Projections”) included in this presentation were not prepared with a view towards public disclosure or com
Slide 3: Disclaimer: Cautionary Statement Regarding Forward-Looking Statements
Disclaimer Cautionary Statement Regarding Forward-Looking Statements This presentation contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements
Slide 4: Disclaimer: Use of non-GAAP (Adjusted) Financial Measures
Disclaimer Use of non-GAAP (Adjusted) Financial Measures The information furnished in this presentation includes non-GAAP financial measures that differ from measures calculated in accordance with generally accepted accounting principles in the United States of America (“GAAP”). EBITDA is defined as
Slide 5: Restructuring Plan Financial Summary
Restructuring Plan Financial Summary
Slide 6: Restructuring Plan Summary FY22-27
Restructuring Plan Summary FY22-27 Source: File: Antenna BS Fcst v BK plan 16 Tab: Cleansing Table Note: The Company expects fiscal Q1'23 GAAP Revenue of ~$420 million, Adj. EBITDA of ~($30) million and preliminary ending unrestricted cash of ~$225 million. The financial projections contained herein
Slide 7: Illustrative Billings Forecast Summary
Commentary Illustrative Billings Forecast Summary Annual Billings2,3 Forecast by Category (estimated % share) Software & Support 14% CAGR FY24-27 driven by Cloud growth as ‘Innovation without Disruption’ strategy is executed Outlook for Avaya Professional Services (APS) remains stable Hardware1 is m
Slide 8: Illustrative Software & Support Billings Outlook
Illustrative Software & Support Billings Outlook Commentary Annual Software & Support Billings1,2 (estimated % share) Classic: Perpetual software license with maintenance and support continues to decline as customers adopt SaaS Subscription: Steadily increases as customers migrate to the Cloud and a
Slide 9: DIP Budget – 13-week cash flow
DIP Budget – 13-week cash flow Project Antenna DIP Budget ($ in thousands)
Slide 10: Transaction Overview
Transaction Overview Transaction Sources & Uses1 Pro Forma Capitalization Note: Pre-transaction principal balances shown (excluding accrued interest) as of February 2023 Excludes escrowed cash, which is expected to be paid out during the case; pro forma cash assumes emergence in April 2023 Excludes
Slide 11: Experiences That Matter
A | Experiences That Matter www.avaya.com