Stratex Networks
Stratex Networks — Harris — Merger or Acquisition (September 2006)
18 slides from Stratex Networks's merger presentation, Sep 6, 2006
Slide 1: Communications Meeting September 2006
Communications Meeting September 2006
Slide 2: Forward Looking Statements
Forward Looking Statements Cautionary Statement Regarding Forward-Looking Statements Certain statements in this presentation constitute "forward-looking statements." Forward-looking statements in this presentation include, but are not limited to, the expected benefits and costs of the transaction; t
Slide 3: Additional Information and Where to Find It
Additional Information and Where to Find it Additional information and where to find it This presentation is for informational purposes only. In connection with the transaction, the parties will file a proxy statement/prospectus with the Securities and Exchange Commission ("SEC"). This communication
Slide 4: Leading Independent Global Microwave Solutions Provider
Leading Independent Global Microwave Solutions Provider
Slide 5: A Bold Strategic Initiative
A Bold Strategic Initiative A new public company - Harris Stratex Networks Combination of Stratex Networks and Harris Microwave Communications Division Resulting in a leading global communications solutions provider Annualized revenue of approximately $600M
Slide 6: Harris Stratex Networks
Harris Stratex Networks Harris Stratex Networks Harris Stratex Networks Industry Leadership Scale Innovative solutions Financial performance Complete Infrastructure Solutions End-to-end wireless transmission capabilities Transport, access, and carrier-grade Ethernet microwave systems Nodal processor
Slide 7: Transaction Overview
Transaction Overview Financial Structure Harris contributes Microwave Communications Division and $25M of cash for 56% Stratex stockholders exchange their shares for 44% Fiscal year ending June 30 Projected Financial Performance Accretive to Stratex Networks EPS as early as fiscal year 2007 Governan
Slide 8: Compelling Strategic and Financial Rationale
Compelling Strategic and Financial Rationale Creates significantly greater scale - the largest independent provider of wireless transmission network solutions Compared to all suppliers - #3 Globally and #1 in North America Delivers complementary global distribution channels Minimal customer overlap
Slide 9: A Strong Combined Offering
A Strong Combined Offering Transport and access microwave radios Carrier-grade Ethernet transmission systems Network management software Turnkey field services Network planning Engineering Network implementation TRuepoint(tm) NetBoss(r)
Slide 10: Unmatched End-to-End Product Portfolio
Unmatched End-to-End Product Portfolio Other Independent Suppliers Transport SDH PDH Access SDH PDH Network management solutions IP Turnkey planning, engineering, and implementation Source: Management estimates
Slide 11: Complementary Global Distribution Channels With Less Than 5% Overlap
Complementary Global Distribution Channels With Less Than 5% Overlap $ 175 $ 11 $ 186 $ 29 $ 22 $ 51 $ 21 $ 56 $ 77 $ 100 $ 81 $ 181 $ 24 $ 72 $ 96 North America Latin America Middle East/Africa Europe (incl. Russia) Asia Pacific * Based on the latest twelve months ended June 30, 2006 Revenue by Reg
Slide 12: Geographic Strengths and Opportunities
Geographic Strengths Geographic Opportunities Strong HSN Market & Product Positioning - Significant Growth Opportunities 3G Triple Play (Voice, Data & Video) Government Private Net North America Asia/Pacific Africa & Middle East Europe HSN Multi-Application Product Portfolio, Distribution, and Key C
Slide 13: Organization Overview
Chuck Kissner Chairman, Harris Stratex Networks, Inc. Guy Campbell Chief Executive Officer, Harris Stratex Networks, Inc. Tom Waechter Chief Operating Officer, Harris Stratex Networks, Inc. Organization Overview
Slide 14: Integration Effort
Integration Effort Integration planning effort starts now Implementation of plan after deal close Must observe legal guidelines Steering Committee Team Leaders Functional areas
Slide 15: Value Creation Proposition
Value Creation Proposition Creates a leading independent provider of wireless transmission network solutions with leadership products and services from inception Provides the scale to win major contracts, deliver sustainable growth, and continued industry- leading innovation Delivers complementary g
Slide 16: Legal Guidelines
Legal Guidelines Act as two independent companies until deal closes (estimated 3-4 months, subject to change ) Regulatory Reviews Hart-Scott-Rodino SEC Must obtain shareholder approval
Slide 17: Summary
Summary Maintain Stratex Networks positive momentum Business as usual with focus on customer satisfaction Significant growth and financial advantages resulting from the new company New career opportunities for many Stratex Network employees Limited downside impact
Slide 18: Our Customers, Employees, Investors
Our Customers Our Our Employees Investors Be the best at what we do