Hubbell Inc · NYSE:HUBB
Hubbell — Merger or Acquisition (December 2017)
12 slides from Hubbell's merger presentation, Dec 26, 2017
Slide 1: Hubbell Incorporated to Acquire Aclara Technologies LLC
Hubbell Incorporated to Acquire Aclara Technologies LLC December 26, 2017 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements contained herein may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements concerning certain plans, expectations, goals, projections, and statements about the benefits
Slide 3: Transaction Overview
Path to Completion Transaction expected to close Q1 2018 Customary closing conditions, including U.S. antitrust regulatory approval Fully committed bridge financing from three institutions: J.P. Morgan, BofA Merrill Lynch and HSBC Key Details $1.1 billion purchase price Expected to be funded with co
Slide 4: Hubbell Power Provides Strong Base; Aclara Complements Customers and Products
Hubbell Power Provides Strong Base Strengthens competitive position of Hubbell Power business Trusted provider of performance-critical components to utilities High margin, high return business Successful track record of integrating acquisitions Aclara Complements Customers and Products Extends capab
Slide 5: Aclara Leading Supplier of Critical Utility Solutions
Aclara Leading Supplier of Critical Utility Solutions Overview of Business 77% ELECTRIC GAS WATER Flexible AMI Communications ü #1 with co-ops ü #1 player ü #2 player Software Enabled Services ü ü ü Sensors and Controls ü ü ü Meters ü Former GE business with reputation for quality
Slide 6: Aclara Overview of Business (continued)
Aclara Leading Supplier of Critical Utility Solutions Overview of Business (continued) 77% Large Installed Base 60M+ devices; foundation for growth Significant opportunity for automation pull-through and system enhancements Financials (For FY 09/30/17) $500M sales $90M Adj. EBITDA(1) Visibility Appr
Slide 7: Aclara Enhanced Product Offerings to Address Evolving Demand
Advanced metering tools including communications networks, software solutions, and sensors and controls for distribution automation, grid monitoring and fault detection Aclara Enhanced Product Offerings to Address Evolving Demand Advanced Metering Infrastructure Meters Smart Grid Solutions Residenti
Slide 8: Aclara Strong Growth Expected Across All End Markets
Aclara Strong Growth Expected Across All End Markets Market Drivers Electric Water Gas Aging infrastructure O&M expense Reliability | Optimization Capacity management Distributed energy Aging infrastructure Infrastructure stress Pipeline safety High profile leaks Aging infrastructure Water scarcity
Slide 9: Aclara Communicating Smart Infrastructure Solution
Aclara Valve Monitor Control Communicating Smart Infrastructure Solution sensors Pressure Monitor Provide real-time insight into pipeline integrity Smart Grid Sensor Enables proactive monitoring and actionable intelligence Aclara Software Unified AMI, consumer engagement, implementation services and
Slide 10: Transaction Rationale Highlights
Transaction Rationale Highlights Compelling Strategic and Financial Benefits Complements and strengthens competitive position of Hubbell Power Systems Expands Hubbell’s presence in utility and smart grid solutions markets Provides opportunity to apply Aclara’s expertise into existing Hubbell product
Slide 11: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations
Slide 12: Fiscal year ended September 30, 2017
@ Fiscal year ended September 30, 2017 (unaudited) fn millio Interest expense Income taxes Deal and integratoncosts_ Holding, LLC. a wholly ip. LLC Adjusted EBITD. well as certain discrete waranty costs that were incurred the sca year ended ‘Septem 30. 2017, @) The estimate of 3.1x initial debt-to-a