Slide 1: Acquisition of Datascope Corp.
GETINGE Acquisition of Datascope Corp. 16 September, 2008
Slide 2: Transaction Overview
Transaction Overview BUSINESS AREA INFECTION CONTROL HEALTHCARE Getinge has signed a definitive agreement to acquire Datascope Corp. for $53.00 per share Fully diluted equity value of $865 million (SEK 5.8 billion(1)) Implied enterprise value of $618 million(2) Attractive valuation for both
Slide 3: Strategic Rationale
Strategic Rationale BUSINESS AREA INFECTION CONTROL HEALTHCARE Critical mass: The acquisition of Datascope strengthens Getinge’s Cardiovascular franchise. Combined revenues will exceed $650 million The acquisition is in line with Getinge’s stated ambition of building a leading position in the at
Slide 4: Overview of Datascope
Overview of INFECTION BUSINESS AREA DatascopeCONTROL HEALTHCARE Global leader in Intra-Aortic Balloon (IABP) counterpulsation therapy Operates in two divisions(1); Cardiac Assist and InterVascular 2007/08 revenue of $231 million(2) and EBITDA of $48 million, representing a 8% and 14% increase
Slide 5: Cardiac Assist Division Overview
Cardiac Assist Division Overview Intra Aortic Balloon Pumps Global leader in IABP technology and a >70%(1) market share Leading market share position in both pumps and balloons Other key product lines include Catheters Endoscopic vessel harvesting devices Vascular closure products 2007/0
Slide 6: InterVascular Division Overview
InterVascular Division Overview Vascular Grafts Synthetic surgical grafts and patches Recently acquired Sorin’s peripheral stent business to address $0.7 billion growing peripheral intervention market Peripheral Stents 2007/08 sales of $38.4 million 165 employees worldwide 140 in La Ciotat
Slide 7: Synergies
Synergies BUSINESS AREA INFECTION CONTROL HEALTHCARE A combination of Getinge and Datascope has potential for generating significant synergies, principally from a revenue perspective Synergies will come both from product and geographic cross selling opportunities Creates a strong platform for
Slide 8: Key Pro Forma Financials
Key ProAREA BUSINESS Forma Financials INFECTION CONTROL HEALTHCARE SEK, $ million Getinge Datascope(1) Pro Forma 31 December, 2007 30 June, 2008 $m SEKm Combined sales 16,445 231 1,552 17,997 EBITDA 3,222 48 321 3,543 EBITDA margin 19.6% 20.7% 20.7% 19.7% The transaction is expected to be earnings a
Slide 9: Financing
Financing BUSINESS AREA INFECTION CONTROL HEALTHCARE Financed using a fully underwritten credit facility from Skandinaviska Enskilda Banken Strong cash flow from pro forma business expected to provide rapid deleveraging Part of the credit facility will be refinanced through a new share issue f
Slide 10: Getinge's Strategic Cornerstones
Getinge’s Strategic BUSINESS AREA INFECTION Cornerstones CONTROL HEALTHCARE Global leadership We strive to be a global No. 1 or No. 2 in the product areas focused. Market leadership will help us attain cost leadership through scale Solution provider We strive to combine the strength of our l
Slide 11: Questions & Answers
Questions & INFECTION BUSINESS AREA Answers CONTROL HEALTHCARE 11