Cbiz, Inc. · NYSE:CBZ
Cbiz — Merger or Acquisition (January 2022)
14 slides from Cbiz's merger presentation, Jan 12, 2022
Slide 1: CBIZ M&A Strategy and Recent Acquisitions
CBIZ M&A Strategy and Recent Acquisitions January 12, 2022 Jerry Grisko, President & Chief Executive Officer Ware Grove, Chief Financial Officer Chris Spurio, President, Financial Services Your Team. Local. Trusted. Nationwide. Exhibit 99.1
Slide 2: Forward-looking Statements & Non-GAAP Measures
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE CBIZ M&A Strategy Forward-looking Statements & Non-GaAP Measures Forward-looking statements in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are
Slide 3: Growth by Acquisition
Enter attractive geographic markets Strengthen presence in existing market Add breadth of service or depth of expertise to our existing offerings Expand into higher growth industries and service niches Access to top talent Immediately accretive CBIZ, INC. | PAGE CBIZ M&A Strategy Growth by Acquisiti
Slide 4: M&A History Overview
Over our 25 year history, we’ve successfully acquired and integrated over 200 companies. We average 4 - 6 acquisitions each year with an increasing trend in the volume and size of transactions. We’ve achieved significant shareholder value with a manageable risk profile. Using clear criteria, we iden
Slide 5: 2021 M&A Highlights
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE CBIZ M&A Strategy 2021 M&A Highlights We completed the following 6 acquisitions in 2021 with annualized revenue of approx. $75M: Enter attractive geographic markets Berntson Porter – Bellevue, Washington based accounting and tax firm. One of the top ten
Slide 6: Paneth Overview
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth Overview $138M FY2021E Revenue Top 10 Firm in mid-Atlantic Region 600+ Team Members 7 Offices
Slide 7: Paneth Overview Background
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth overview background Founded in 1907. Headquartered in New York City with seven total offices including Long Island and Westchester, NY, Northern New Jersey, Philadelphia, Boca Raton and Washington, D.C. Specialties include business continui
Slide 8: Paneth Overview: Strategic Rationale
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth overview Strategic rationale Acquisition of Marks Paneth is highly strategic, complementary and accretive Adds critical scale and scope in the important NYC metro market. Adds scale to existing CBIZ offices in Philadelphia and Boca Raton in
Slide 9: Combined NY Metro Footprint
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth overview Combined Ny Metro Footprint NEW YORK CITY NORTHERN NEW JERSEY WESTCHESTER LONG ISLAND 5 Locations 700+ Team Members Comprehensive advisory services
Slide 10: Paneth Overview: Transaction Highlights
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth overview Transaction highlights Deal terms and structure are consistent with CBIZ’s general approach to acquisitions. Expected to achieve IRR within our target range of 12% - 15% for acquisitions. Consideration is primarily cash based, with
Slide 11: Transaction Highlights: Impact for 2022
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE Marks Paneth overview Transaction highlights Impact for 2022: Revenue – Adds $138M to revenue. EPS - $0.10 expected contribution after eliminating the impact of transaction and first year integration costs. Transaction will have a nominal contribution t
Slide 12: Integration Milestones
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE CBIZ m&A Strategy Integration milestones MP will operate as a separate business unit MP initially branded as CBIZ Marks Paneth Back office integration substantially completed Operational integration plan developed including: IT integration Client manage
Slide 13: Summary
CBIZ, INC. | PROPRIETARY AND CONFIDENTIAL PAGE CBIZ M&A Strategy summary Expands presence and capacity in growing NYC metro market and beyond. Complements existing team and enhances breadth and depth of services and expertise to provide immediate benefits for current clients. Strong leadership. Cult
Slide 14: Q&A
Q&A