Thermo Fisher Scientific Inc · NYSE:TMO
Thermo Fisher Scientific — Merger or Acquisition (December 2010)
10 slides from Thermo Fisher Scientific's merger presentation, Dec 13, 2010
Slide 1: Thermo Fisher Scientific to Acquire Dionex Corporation
Thermo Fisher Scientific to Acquire Dionex Corporation December 13, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement The following constitutes a "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This presentation contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ ma
Slide 3: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures, including adjusted EPS and adjusted operating income, which exclude restructuring and other costs/income a
Slide 4: Thermo Fisher Scientific
Thermo Fisher Scientific $10+ billion in revenues 35,000+ employees in 40 countries 350,000 customers in 150 countries #234 on Fortune 500 Innovative products Applications expertise Scientific productivity partner Thermo Scientific: innovation Fisher Scientific: convenience Leading Brands The world
Slide 5: Dionex Corporation
Dionex Corporation (NASDAQ: DNEX) A leading manufacturer and marketer of chromatography instruments, software, consumables and related services Fiscal year 2010 Revenue: $420 million 1,600+ employees Key End Markets Life Science & Drug Discovery Environmental Food & Beverage Deals North America 29 E
Slide 6: Key Transaction Highlights
Key Transaction Highlights $118.50 per share (all cash) - total enterprise value of approximately $2.1 billion Represents 21% premium above closing price on 12/10/10 and 32% premium to average closing stock price over last 60 trading days Funded through cash on hand and committed financing Offer Det
Slide 7: Accelerates Growth Opportunities and Creates Shareholder Value
Accelerates Growth Opportunities and Creates Shareholder Value Compelling strategic rationale Increases presence in growing applied markets - environmental, water, food safety Expands Thermo Fisher's footprint in Asia-Pacific, particularly China and India, as well as other emerging geographies Custo
Slide 8: Addition of Dionex Provides Exciting Growth Opportunities
Addition of Dionex Provides Exciting Growth Opportunities Ion Chromatography Systems Leading technology and market presence De facto standard for global water quality testing Strong environmental and food safety market presence Complements our gas chromatography product lines Liquid Chromatography S
Slide 9: Significant Financial Benefits
Significant Financial Benefits Total of $60 million in operating synergies in year three; $15 million in first full year Cost synergies: $40 million adjusted operating income benefit Reduced public company costs Overhead and SG&A leverage Direct and indirect purchasing leverage Productivity enhancem
Slide 10: Summary
Summary Highly complementary strategic fit Significantly enhances instruments, software, consumables and services offering Expands presence in high growth markets Immediately accretive Accelerates growth and creates significant shareholder value
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