Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — NCR — Merger or Acquisition (July 2011)
13 slides from Ncr Voyix's merger presentation, Jul 11, 2011
Slide 1: NCR to Acquire Radiant Systems
Exhibit 99.2 NCR to Acquire Radiant Systems July 11, 2011 Bill Nuti – Chairman & CEO, NCR Bob Fishman – CFO, NCR John Heyman – CEO, Radiant Systems Andrew Heyman – COO, Radiant Systems
Slide 2: Note to Investors
Note to Investors Comments made during this conference call and in the related presentation materials may include forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions, and are subject
Slide 3: Note to Investors (Continued)
Note to Investors (Continued) This presentation (this “Presentation”) relates to a planned tender offer by Radiant Acquisition Corporation (“Purchaser”), a wholly-owned subsidiary of NCR Corporation (“NCR”), for all shares of outstanding common stock of Radiant, Inc. (“Radiant”), to be commenced pur
Slide 4: Alignment with NCR Corporate Strategy
Alignment with NCR Corporate Strategy Trusted partner to the customers we serve Penetrate adjacent single Financial Retail and Expand and strengthen and multichannel self- geographic presence and Services Hospitality service solution segments sales coverage EXPAND INTO EMERGING GROWTH INDUSTRY SEGME
Slide 5: Radiant Is an Ideal Strategic Fit for NCR
Radiant Is an Ideal Strategic Fit for NCR Radiant strengthens NCR’s business, financial and strategic profile • Adds a third core vertical: Hospitality and Specialty Retail • Substantially increases total available market • Improves growth and margin profile • Bolsters capabilities in software / Saa
Slide 6: Transaction Overview
Transaction Overview • NCR to acquire 100% of the common stock of Radiant for $28.00 per share in cash – Equity purchase price of approximately $1.2 billion – Represents a 28% premium to Friday’s closing price of $21.95 • The Boards of Directors of both companies have approved the transaction • NCR
Slide 7: Radiant: Hospitality Leader with Attractive Growth Potential
Radiant: Hospitality Leader with Attractive Growth Potential Large Footprint in Hospitality and Retail Leader in Large, Fragmented Market Segments • Founded in 1985 and headquartered in Alpharetta, GA Hospitality Retail • #1 Hospitality provider in the U.S. (1) – Quick service, table service and fas
Slide 8: Software-Driven Business Models – NCR and Radiant
Software-Driven Business Models – NCR and Radiant Radiant: Full Suite of Solutions Radiant: Evolving Suite Delivers Customer Value • Point-of-sale (POS) – Hardware and software-based site management solutions – POS, self-service kiosks and back-office systems and software – Touch-screen terminals, s
Slide 9: Enhancing NCR's Business Profile
Enhancing NCR’s Business Profile • 4.5% Revenue growth • 20.5% Revenue growth •5.4% Revenue growth Financial • 22.4% Gross margin • 46.1% Gross margin • 24.0% Gross margin Profile • 6.9% NPOI margin • 11.8% OI margin • 7.2% NPOI margin Revenue: $4,819mm Revenue: $346mm Revenue: $5,165mm Professional
Slide 10: Expanded Leadership Position in Self-Service and POS
Expanded Leadership Position in Self-Service and POS Hospitality & Financial Emerging Retail Specialty Entertainment Services Industries Retail #1 in banking #1 in retail self- #1 hospitality #2 DVD kiosk #1 in U.S. ATMs checkout provider in the operator in the hospital patient #1 supplier of Leader
Slide 11: Compelling Value Creation Opportunity
Compelling Value Creation Opportunity Revenue Synergies • Accelerate NCR’s growth in Hospitality and • Significant upside from cross- Specialty Retail selling, geographic and technology revenue synergy • Cross-sell NCR’s platform of products and opportunities services into Radiant’s existing custome
Slide 12: Financing Summary
Financing Summary • Acquisition to be financed through a combination of new debt and existing balance sheet cash • NCR to raise $1.1 billion of newly funded debt to finance the transaction – Committed financing provided by J.P. Morgan, RBC Capital Markets, BofA Merrill Lynch and Morgan Stanley • NCR
Slide 13: Summary: Compelling Rationale for Radiant Acquisition
Summary: Compelling Rationale for Radiant Acquisition • Accelerates NCR’s strategy to move into fast-growth, high margin adjacencies and aligns with our vision of becoming a hardware-enabled, software-driven business • Adds category leadership in Hospitality and Specialty Retail and immediately esta