Danaher Corporation · NYSE:DHR
Danaher — Merger or Acquisition (May 2015)
16 slides from Danaher's merger presentation, May 19, 2015
Slide 1: Pall: Welcome to Danaher
Exhibit 99.1 PALL: WELCOME TO DANAHER May 15, 2015
Slide 2: Welcome to Danaher!
Welcome to Danaher! We value your past efforts, the company you’ve built and the customer relationships you’ve developed. We’re excited to have you on our team. We look forward to working and growing with you!
Slide 3: Overview
Overview About Danaher Our Portfolio with Pall Our Values Danaher Business System (DBS) Success stories – acquisitions and innovation The weeks ahead What you can expect from Danaher
Slide 4: Danaher 2014 Revenue: $16.5B
Danaher 2014 Revenue: $16.5B* Danaher with Pall You are joining other fantastic companies Life Sciences $2.5B Water Quality $2.0B Pall $2.8B Product ID $1.6B Diagnostics $4.8B Dental $2.9B Founded in 1984 Headquartered in Washington, DC New York Stock Exchange Ticker: DHR Global team of ~52,000 asso
Slide 5: Our Core Values
Our Core Values The Best Team Wins Customers Talk, We Listen Kaizen is Our Way of Life Innovation Defines our Future We Compete for Shareholders
Slide 6: Danaher Core Values
ra By DANAHER INNOVATION DEFINES OUR FUTURE THE BEST TEAM WINS DANAHER KAIZEN IS OUR WAY OF LIFE CUSTOMERS CUSTOMERS TALK, WE LISTEN WE COMPETE FOR SHAREHOLDERS
Slide 7: Danaher Business System tools and development
Associate development GROWTH LEAN LEADERSHIP Leadership development Business process Develop Deliver Dream Reliability Operations • What’s unique about DBS tools? Transactional Crucial conversations Financial acumen Recruiting and selection Introduction to DBS Training and facilitation DBS leader bo
Slide 8: How we measure our success
Customer Associate Shareholder Core Value Drivers Quality On-Time Delivery Internal Fill Rate Turnover Core Growth OMX Cash Flow / Working Capital Turnover Return on Invested Capital How we measure our success
Slide 9: Why is Danaher an exciting opportunity?
Why is Danaher an exciting opportunity? Markets : Leading positions and outstanding global brands well positioned within markets with strong growth vectors IP / Technology : Highly technical, rich IP environment provides opportunity for continued innovation leadership People : DBS culture provides f
Slide 10: Water Quality Acquisition Success
1999 TODAY Water Quality Acquisition Success Revenue : ~$125M Operating Margin: High teens Associates ~550 Products + = WATER QUALITY PLATFORM Technology to test, analyze and treat ultra-pure, waste, ground, ocean and drinking water Water testing equipment for municipal and industrial customers Acqu
Slide 11: Focus in the Coming Weeks
Focus in the Coming Weeks Stay focused on serving customers well Leverage the acquisition as an opportunity for growth Be open to new ideas Get to know Danaher and our formula for success
Slide 12: What You Can Expect from Danaher – In the Coming Months
What You Can Expect from Danaher – In the Coming Months Ongoing interaction, communication and engagement from Danaher and Pall leaders Until close: Danaher and Pall will continue to operate separately Danaher will not be involved in Pall’s day-to-day business activities Start planning transition ac
Slide 13: What You Can Expect from Danaher – After Close
What You Can Expect from Danaher – After Close First 100 days Pall leadership immersed in DBS Pall leadership will work with Danaher to update your Strategic Plan 3 to 5 year planning horizon Focused on growing the business, defining opportunities around costs and investments Change is led by the Pa
Slide 14: Communication Lines are Open
Communication Lines are Open It’s normal to feel apprehension, uncertainty and mistrust Danaher has done this before, but each situation is unique We don’t have it all figured out yet For now, there are more questions than answers, but we will keep lines of communication open Communication is a two-
Slide 15: Danaher
ai, DANAHER
Slide 16: Additional Information About the Merger
ADDITIONAL INFORMATION ABOUT THE MERGER A meeting of the shareholders of Pall will be announced to obtain shareholder approval of the proposed transaction. Pall intends to file with the SEC a proxy statement and other relevant documents in connection with the proposed transaction. The definitive pro