Archer-daniels-midland Company · NYSE:ADM
Archer-daniels-midland — Merger or Acquisition (July 2018)
14 slides from Archer-daniels-midland's merger presentation, Jul 2, 2018
Slide 1: ADM to Acquire Neovia and Probiotics International Limited
ADM to Acquire Neovia and Probiotics International Limited July 2, 2018
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement Some of our comments constitute forward-looking statements that reflect management’s current views and estimates of future economic circumstances, industry conditions, Company performance and financial results. These statements are based on many assumptions and factors that a
Slide 3: ADM Value Creation Strategy
3 ADM Value Creation Strategy
Slide 4: Five Growth Platforms at ADM
4 Five Growth Platforms at ADM Taste Human Animal Health & Carbohydrates Nutrition Nutrition Wellness Focus of Today’s Discussion
Slide 5: Building the Nutrition Business Leader
5 Building the Nutrition Business Leader Enablers/Platforms Bolt-ons Organic Growth Projects Human WILD Flavors Amazon Flavors Tianjin Fibersol (natural systems) SCI Berlin Colors Nutrition Eatem Foods Campo Grande Specialty Proteins Caterina Foods Innovation Centers (WFSI) Harvest Innovations Pea P
Slide 6: Overview of Neovia and Protexin
6 Overview of Neovia and Protexin Neovia: A Transformative Step for ADM Protexin: Important Expansion of Animal Nutrition Health & Wellness Platform • Largest ADM acquisition • Strong commercial since WILD presence complements ADM’s existing research • Would create a global leader and development in
Slide 7: Neovia: A Leading Global Provider of Value-added Animal Nutrition Products and Solutions
7 Neovia: A Leading Global Provider of Value-added Animal Nutrition Products and Solutions FY 2018E EBITDA Breakdown • Robust business model based on a multi-activity, multi-species and multi- region approach supplying innovative solutions for animal nutrition By Business Line • Leading positions an
Slide 8: ADM + Neovia Creates a Global Leader in Animal Nutrition and a Strong Platform for Continued Growth
8 ADM + Neovia Creates a Global Leader in Animal Nutrition and a Strong Platform for Continued Growth Product Lines Species Combined Capabilities and Expertise • Differentiated portfolio of attractive and fast-growing product lines across a Premix broad range of species Poultry ‒ Fills major gaps in
Slide 9: Neovia: Significant Synergy Opportunities
9 Neovia: Significant Synergy Opportunities Significant EBITDA Synergies Other Value Levers Annual Run-rate • Additional revenue synergies via development of value-added €50M Synergies By Fourth Full Year systems and integrated solutions leveraging the broader ADM Following Closing Nutrition platfor
Slide 10: Building a World Class, Fully Integrated Probiotics and Nutraceutical Platform
10 Building a World Class, Fully Integrated Probiotics and Nutraceutical Platform • Probiotics International Limited (PIL), based in the U.K., is a leader in both human healthcare and animal probiotics, with a focus on the human health, veterinary (including companion animal), equine, and agricultur
Slide 11: Neovia Transaction Overview
11 Neovia Transaction Overview • ADM to acquire 100% of Neovia, a leading global provider of value-added animal nutrition products and solutions Transaction • Transaction value of €1.535 billion, including assumption of ~€200 million of Neovia net debt Value • Reflects a multiple of 14.1x FY 2018E E
Slide 12: Protexin Transaction Overview
12 Protexin Transaction Overview • ADM to acquire 100% of Probiotics International Limited (PIL), a leading global provider of value-added nutritional Transaction products and solutions Value and • Transaction value of £185 million Consideration • Reflects a multiple of 16.2x FY 2018E EBITDA1, and 1
Slide 13: Building a Leading Nutrition Platform
13 Building a Leading Nutrition Platform Nutrition comprises a significant and expanding portion of ADM’s total operating profit ADM FY 2014 Adjusted Operating Profit Pro Forma1 ADM FY 2017 Adjusted (as Recast) Operating Profit (as Recast) Oilseeds Nutrition Nutrition 36% Oilseeds 7% 15% 30% Other O
Slide 14: Q&A
Q&A
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