Xl Holdings Bhd · MYX:XL
Xl Holdings Bhd — Merger or Acquisition (March 2018)
8 slides from Xl Holdings Bhd's merger presentation, Mar 5, 2018
Slide 1: XL and AXA: Creating A Next-Generation Global P&C Leader
xt XL GROUP XL and AXA: Creating A Next-Generation Global P&C Leader Transaction Overview for XL Managers and Colleagues
Slide 2: Legal Disclaimer
Legal Disclaimer xe FOR INTERNAL USE ONLY - NOT FOR EXTERNAL DISTRIBUTION XL GROUP Additional Information about the Proposed Transaction and Where to Find It In connection with the proposed transaction, XL will file with the United States Securities and Exchange Commission (‘SEC’) a proxy statement
Slide 3: Combining with AXA Accelerates Our Strategy with Greater Strength and New Dimension
Combining with AXA Accelerates Our Strategy with xe Greater Strength and New Dimension XL GROUP XL to combine with AXA Corporate Solutions o Forms new global P&C insurance and reinsurance division of AXA; to be led by Greg Hendrick o Committed to maintaining XL Catlin’s brand and culture as part of
Slide 4: Creates Multiple Top-line Growth Opportunities
Creates Multiple Top-line Growth Opportunities ye © bosiness (FG Geography (GF Innovation © Capitar Y Distribution XL GROUP Combining XL with AXA Corporate Solutions creates a champion for all complex Bring XL's corporate and specialty capabilities to AXA’s extensive network. Leverage XL's strong US
Slide 5: Complementary Portfolios with Minimal Overlap
Complementary Portfolios with Minimal Overlap AA + Leading global insurer with ca. €100 billion revenues + #1 insurance brand for the 9" consecutive year + Leading pan-European SME player + Innovation and sustainability leader in insurance Excellent capital base and cash generation xt XL GROUP Leade
Slide 6: Transaction Highlights
Transaction Highlights YL Aa XL GROUP + AXA to acquire XL for $57.60 per share; total transaction value of $15.3 billion Represents a premium of 33% to XL’s closing share price on March 2, 2018 Expected closing in second half of 2018, subject to approvals from regulators and XL. shareholders AXA wil
Slide 7: What We Ask of You
What We Ask of You Today's announcement is the first step in the process of combining organizations Until the deal closes, which we expect to happen in the second half of 2018, XL and AXA remain two separate companies In the interim, all XL colleagues are asked to: o Continue business as usual o Sta
Slide 8: Thank you
Thank you