Gen Digital Inc. · NASDAQ:GEN
Gen Digital — Merger or Acquisition (December 2024)
11 slides from Gen Digital's merger presentation, Dec 10, 2024
Slide 1: Gen Announces Acquisition of MoneyLion
December 10, 2024 Announces Acquisition of MoneyLion
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements herein and the documents incorporated herein by reference may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Rule 175 promulgated thereunder, and S
Slide 3: Strategically accelerates Gen's presence in financial wellness
Expands into full lifecycle of credit and financial wellness offerings for consumers Brings an AI recommendation engine, enhanced by Gen’s Strategically user base, that powers a scaled financial marketplace platform accelerates Gen’s presence in financial Diversifies Gen’s customer base with consume
Slide 4: Transaction overview
Transaction overview Financial impact ● Estimated cash payment at close of ~$1B ● Estimated purchase price at 9-11x NTM EBITDA(2) before synergies Transaction structure ● Accretive to Non-GAAP EPS $82 / share (Cash) ● Reinforces Gen’s long-term financial model ● Gen re-affirms commitment of net leve
Slide 5: MoneyLion Financial Profile
Financial THE FIRST CONSUMER FINANCE DIGITAL ECOSYSTEM Profile (1) & THE ULTIMATE FINANCIAL MARKETPLACE LTM Q3 CY2024 Personal Financial Management (PFM) Marketplace Products & Offers Revenue & Growth AI Powered PFM Money / Adjacent Loans Insurance $500M Insights Content and Community Personal, Stud
Slide 6: Transaction significantly expands TAM to $50B+
Transaction significantly expands TAM to $50B+ 2x Cyber Safety TAM expansion into Consumer Digital Finance (shared in Nov 2023) and Financial Marketplace, growing high single + Consumer Expansion to double digits (1) Digital Finance + Expanded TAM of $30B+ includes: Financial & Credit Monitoring ● P
Slide 7: Gen's expanding consumer portfolio
Gen's expanding consumer portfolio Secure my family Safeguard my Protect my identity Manage and grow my against cyber threats personal data and finances finances Anti-Virus VPN Monitoring & Alerts Credit Builder Backup Anti-Track Fraud Prevention Financial Mgmt. Parental Control Private Browser ID R
Slide 8: Powering Digital Freedom
Purpose Powering Digital Freedom Mission We create innovative and easy-to-use technology solutions that help people grow, manage, and secure their digital and financial lives. Copyright © 2024 Gen Digital Inc. All rights reserved. 8
Slide 9: Additional Important Information
Additional Important Information No Offer or Solicitation This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote of approval, nor shall there be any
Slide 10: Appendix
Appendix Copyright © 2024 Gen Digital Inc. All rights reserved. 10
Slide 11: Contingent Value Right (CVR) key terms
Contingent Value Right (“CVR”) key terms CVR Definition • Grants the right to receive a contingent payment in the form of Gen Common Stock. & Listing • CVRs will be freely tradeable and Gen intends to cause the CVRs to be listed on the Nasdaq. • If either (a) the Milestone is achieved before the Mil