Zebra Technologies Corporation · NASDAQ:ZBRA
Zebra Technologies — Merger or Acquisition (April 2014)
21 slides from Zebra Technologies's merger presentation, Apr 15, 2014
Slide 1: Enterprise Asset Intelligence for the Connected Age
ENTERPRISE ASSET INTELLIGENCE FOR THE CONNECTED AGE MANAGEMENT PRESENTATION APRIL 15, 2014 Exhibit 99.3
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT Statements made in this presentation which are not statements of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Actual results may differ from those expressed or i
Slide 3: Today's Speakers
TODAY’S SPEAKERS Anders Gustafsson Chief Executive Officer Michael C. Smiley Chief Financial Officer
Slide 4: We Sit at the Intersection of the Physical and the Digital
WE SIT AT THE INTERSECTION OF THE PHYSICAL AND THE DIGITAL
Slide 5: Creating the Global Leader in Enterprise Asset Intelligence
CREATING THE GLOBAL LEADER IN ENTERPRISE ASSET INTELLIGENCE CIO’s first call for enterprise asset intelligence Solutions for the smart enterprise Riding well-defined secular growth waves • Global leader in specialty printing, RFID and location & motion tracking solutions • Enabling businesses to tra
Slide 6: Acquisition Highlights
ACQUISITION HIGHLIGHTS • Acquisition of the Enterprise Business of Motorola Solutions • Excludes iDEN, the professional commercial radio product line • Includes ~3,700 issued and pending patents • Includes ~4,500 employees • Attractive financial proposition for shareholders
Slide 7: Transaction Details
TRANSACTION DETAILS • All-cash transaction of $3.45 billion • Multiple of 10.9x on last 12 month EBITDA; 8.3x with synergies • $100 million in run-rate synergies • Fund with $3.25 billion in debt and $200 million of cash on hand • Efficient use of off-shore cash • Accretive in first full year on a c
Slide 8: Transaction Details
TRANSACTION DETAILS • Debt to adjusted EBITDA ratio of approximately 5x at closing • Rapid debt pay-down strategy • Target: leverage of less than 3x by year three • Significant free cash flow generation • Long-term expectations – 4-5% sales growth, before sales synergies – 18-20% EBITDA margin
Slide 9: Clearly Defined Roadmap to Integration
CLEARLY DEFINED ROADMAP TO INTEGRATION • Mike Terzich to head Integration Management Office – Senior leader with 25 years of industry experience • Execution plan and calendar in place to ensure Day One readiness • Complete transaction by end of 2014
Slide 10: The Enterprise Internet of Things
THE ENTERPRISE INTERNET OF THINGS • Data sensing, tracking and capturing devices • Secure wireless and wireline networks • Flexible, cloud-based applications • Big data analytics for actionable business insights
Slide 11: We Are Uniting Leaders in Six Key Technologies
WE ARE UNITING LEADERS IN SIX KEY TECHNOLOGIES Cloud-Based Device Management RFID Location and Motion Sensing Data Capture and Scanning Barcode & Card Printing Mobile Computing
Slide 12: Innovation Is in Our DNA
12 product development engineers worldwide 1,700 INNOVATION IS IN OUR DNA major solution releases in 2013 4,500 patents issued and pending
Slide 13: We Make Retail Work
Used by retailers with over 70,000 retail stores in the US WE MAKE RETAIL WORK Self Service Solutions Mobile Payment Solutions RFID Tag Solutions Customer Engagement Solutions Access ID Solutions
Slide 14: Modern Manufacturing and T&L Enterprises
MODERN MANUFACTURING AND T&L ENTERPRISES In facilities for all top 10 global manufacturers Over 9 billion packages delivered in 2013 Put Away Solutions Cycle Counting Solutions Shipping/Receiving Solutions Picking Solutions
Slide 15: As Well as Today's Healthcare Workspace
… AS WELL AS TODAY’S HEALTHCARE WORKSPACE Providers using our devices handle over 300 million patient visits per year Bedside Medication Administration Solutions Specimen Label Solutions Positive Patient ID Solutions Personnel ID Solutions Blood Labeling Solutions
Slide 16: Solutions to 95% of Fortune Companies
SOLUTIONS TO 95% OF FORTUNE 500 COMPANIES
Slide 17: Combining Two Great Businesses
Making the SMART and CONNECTED ENTERPRISE a Reality COMBINING TWO GREAT BUSINESSES
Slide 18: Zebra Technologies: See More. Do More.
OTOQLOA | TECHNOLOGIES| (GAZEBRA SEE MORE. DO MORE.
Slide 19: Zebra Technologies: See More. Do More.
OTOQLOA | TECHNOLOGIES| (GAZEBRA SEE MORE. DO MORE.
Slide 20: LTM EBITDA—Unaudited
LTM EBITDA—UNAUDITED LTM (last 12 months) EBITDA is computed as follows: LTM 3/31/2014 ($ millions) Motorola Enterprise Business Zebra Proforma Operating Income $ $ $ Plus: Depreciation & amortization $ $ $ Exit and restructuring costs $ $ $ EBITDA $ $ $
Slide 21: Zebra Technologies: See More. Do More.
OTOQLOA | TECHNOLOGIES| (GAZEBRA SEE MORE. DO MORE.
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