Henry Schein, Inc. · NASDAQ:HSIC
Henry Schein — Merger or Acquisition (April 2018)
17 slides from Henry Schein's merger presentation, Apr 23, 2018
Slide 1: Henry Schein to Spin Off and Merge Its Animal Health Business with Vets First Choice
HENRY SCHEIN TO SPIN OFF AND MERGE ITS ANIMAL HEALTH BUSINESS WITH VETS FIRST CHOICE, CREATING AN INNOVATIVE APPROACH TO ADVANCING VETERINARY CARE April 23, 2018 The following investor presentation was presented at an investor conference call on April 23, 2018:
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward Looking Statements In accordance with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from t
Slide 3: Vets First Corp. - Creating a New Animal Health Innovator
Vets First Corp. - Creating a New Animal Health Innovator More than 5,100* active practices on Rx management platform A leading insights, analytics and services platform, helping vets to identify and manage gaps in care Only global animal health supply chain and technology solutions company 75% of v
Slide 4: Strategic Benefits for Vets First Corp. and Henry Schein
Strategic Benefits for Vets First Corp. and Henry Schein Henry Schein Dental and medical: Increase focus in helping dentists and physicians in operating a more efficient practice so practitioners can deliver quality clinical care High-touch, full-service, value-added approach for supplies, equipment
Slide 5: Vets First Corp. Overview
Vets First Corp. OVERVIEW vetsfirstchoice
Slide 6: Vets First Corp. An End-to-End Technology-enabled Platform at Scale
INTEGRATED SOLUTION. IMPROVED OUTCOMES. DATA INSIGHTS & ANALYTICS MULTI-CHANNEL CLIENT ENGAGEMENT INVENTORY MANAGEMENT PRACTICE MANAGEMENT SOFTWARE PRO-ACTIVE PRESCRIPTION MANAGEMENT & INCREASED CLINICAL COMPLIANCE Vets First Corp. An End-to-End Technology-enabled Platform at Scale
Slide 7: Vets First Corp.: Creating a Win for Stakeholders
Vets First Corp.: Creating a Win for Stakeholders Vet Pet Owner Manufacturer Enhanced medical compliance Improved practice economics Improved pet health Multi-channel healthcare Enhanced client experience Driver of category growth Global partner A new value chain connecting veterinarians, pet owners
Slide 8: Vets First Corp.: Well-Positioned to Succeed
Complementary skill sets that create the only multi-channel, integrated platform entirely focused on improving the veterinary practice Significant global scale in an attractive end-market We seek to significantly build on this global leadership position Opportunity to expand margins as recurring rev
Slide 9: Transaction Summary
TRANSACTION SUMMARY vetsfirstchoice
Slide 10: Transaction Summary
Transaction Summary Reverse Morris Trust – intended to be a tax-free spin-off to Henry Schein shareholders for U.S. tax purposes, followed by a merger with Vets First Choice Expected to close by the end of 2018; subject to customary closing conditions and regulatory approvals Expected fully diluted
Slide 11: Henry Schein, Inc. Overview
11 Henry Schein, Inc. OVERVIEW
Slide 12: Henry Schein, Inc.
Henry Schein, Inc. 48% or $6.1B 28% or $3.5B 20% or $2.5B Global dental, medical and animal health businesses Technology and Value-Added Services business $12.5 billion in global sales $865 million in non-GAAP operating income* * See a reconciliation of GAAP/Non-GAAP results on the Supplemental Info
Slide 13: Dental and Medical businesses
Dental Only global dental supply chain and solutions company for general practitioners, specialists, and laboratories #1 in North America, Europe , Australia/New Zealand and Brazil Leading global dental practice management software, including +40% market share in the U.S. Growth Opportunities: Incre
Slide 14: Henry Schein: Strategically Well-Positioned with Continued Financial Strength
Henry Schein: Strategically Well-Positioned with Continued Financial Strength Henry Schein (Post Close) High touch, value added market approach Focus on delivering solutions that enable customers to deliver the best quality patient care while increasing the efficiency of their practice Patient deman
Slide 15: Q&A
15 Q&A
Slide 16: Contacts
Contacts At Henry Schein Investor Relations: Carolynne Borders Vice President, Investor Relations carolynne.borders@henryschein.com (631) 390-8105 Media: Anne Marie Gothard Vice President, Corporate Media Relations Annmarie.gothard@henryschein.com (631) 390-8169 16 At Vets First Choice Investor Rela
Slide 17: Appendix: GAAP and Non-GAAP Reconciliation
17 Appendix: GAAP and Non-GAAP Reconciliation Henry Schein, Inc. 2017 Operating Income Reconciliation of GAAP Operating Income, pre spin-off to (1) Non-GAAP Operating Income, pre spin-off and (2) Non-GAAP Operating Income, post spin-off (Amounts in millions USD) GAAP Operating Income, pre spin-off $