Liquidity Services, Inc. · NASDAQ:LQDT
Liquidity Services — Merger or Acquisition (May 2012)
10 slides from Liquidity Services's merger presentation, May 9, 2012
Slide 1: Liquidity Services Plans to Acquire GoIndustry DoveBid
NASDAQ: LQDT Liquidity Services Plans to Acquire GoIndustry DoveBid May 9, 2012
Slide 2: Safe-Harbor Statement
Safe-Harbor Statement FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements. All forward-looking statements speak only as of the date of this presentation. Except as required by applicable law, we do not intend to publicly update or revise any forward-looking statements.
Slide 3: Liquidity Services Plans to Acquire GoIndustry DoveBid
Expands size and depth of buyer base, client roster, sales team, and marketing capabilities Strengthens lilquidity services’ position in existing markets Aerospace, industrial equipment, transportation & scrap metal Adds new “inside the building” markets BioPharma, consumer packaged goods, semicondu
Slide 4: Summary of Principal Transaction Terms
Approximately $31 million all-cash consideration Approx. $11 million equity value Approx. $20 million in assumed liabilities GMV Multiple: 0.1x Revenue Multiple: 0.6x Neutral to FY12 earnings One to three cents accretive to FY13 Currently expected to close in early July, 2012 Summary of Principal Tr
Slide 5: Deal Penetrates Global Capital Asset Market Opportunity
Deal Penetrates Global Capital Asset Market Opportunity 2011 Source: Company Research $2.0 B 2011 Source: Company evaluation of addressable market $100 B U.S. Retail Global Capital Assets Total Reverse Logistics Market – North America Source: D.F. Blumberg Associates and RLT, Inc. 2010 2015 $63.3 B
Slide 6: Acquisition Advances Our Growth Strategy
Acquisition Advances Our Growth Strategy Global market leader for “inside the building” capital assets 6,000+ selling clients 407,000+ registered buyers; assets sold in 108 countries 4.3 million asset sales and valuation transactions Impressive base of large, global enterprises clients Over 50 activ
Slide 7: Acquisition Advances Our Growth Strategy
Acquisition Advances Our Growth Strategy New services for Liquidity Services’ clients/prospects Asset discovery, inspection and auditing by experts in industrial plant & machinery Asset valuation – live (appraisers) & desktop (AssetZone) Asset redeployment (AssetZone) Rapidly improve ability to serv
Slide 8: Acquisition Advances Our Growth Strategy
Acquisition Advances Our Growth Strategy GoIndustry DoveBid adds specialized buyer base and is complementary to existing base of capital asset buyers Opportunity to cross-promote marketplaces / assets Leverage traffic to GOI’s www.go-dove.com website Market to GOI’s 407,000+ registered buyers Market
Slide 9: GoIndustry DoveBid Overview
GoIndustry DoveBid Overview Global Presence 36 offices across 20 countries America, Europe, Asia Africa (Associated Auctioneer) Multi-Lingual web site Only Western company in China w/ auction license for Cap Assets. Industry Verticals Pharmaceutical, Healthcare Technology, Electronics Automotive, Ma
Slide 10: GOI Significantly Expands Liquidity Services' Geographic Footprint
GOI Significantly Expands Liquidity Services’ Geographic Footprint: Adds Critical Mass in Europe and Asia Germany: 4 Austria: 1 UK: 4 France: 1 Spain: 1 10 Philippines: 1 Australia: 1 India: 1 China: 2 Honk Kong: 1 Taiwan: 1 S. Korea: 1 Japan: 1 Thailand: 1 Malaysia: 1 Singapore: 1
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