Boeing Company (the) · NYSE:BA
Boeing Company (the) — Merger or Acquisition (May 2018)
8 slides from Boeing Company (the)'s merger presentation, May 1, 2018
Slide 1: Acquisition of KLX Inc.
Acquisition of KLX Inc. May 1, 2018 Copyright © 2018 Boeing. All rights reserved.
Slide 2: Forward-Looking Information
Forward-Looking Information Boeing | Investor Relations Forward-Looking Information Is Subject to Risk and Uncertainty Certain statements in this document may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected
Slide 3: Boeing's Acquisition of KLX Inc.
Boeing’s Acquisition of KLX Inc. Boeing | Investor Relations Positions Boeing to compete and win in $2.6 trillion 10 year services market Accelerates Boeing Global Services’ growth strategy Transaction structured to purchase Aerospace Solutions Group (ASG) business and is conditional upon the
Slide 4: KLX Aerospace Solutions Group
KLX Aerospace Solutions Group Boeing | Investor Relations KLX’s ASG – leading provider of aerospace fasteners, chemicals, consumables, and logistics services FY2017 Revenue $1.4B, EBITDA $270M* ~2,000 employees in ASG More than 1 million part numbers in stock from more than 3,000 suppliers K
Slide 5: Accelerates Services Growth Strategy
Accelerates Services Growth Strategy Boeing | Investor Relations Boeing Global Services - Capabilities Supply Chain Engineering, Modification & Digital Aviation & Analytics Training & Professional Maintenance Services • Genuine Boeing parts • Aviation and related parts through • Leading provider of
Slide 6: Transaction Overview
Transaction Overview Boeing | Investor Relations • Acquiring KLX Inc. for $63 per share in cash and assumption of approximately $1.0 billion of net debt Transaction • Transaction conditional upon the spin-off of KLX’s Energy Services Group business Structure • Implied equity value of $3.25B and ente
Slide 7: Copyright © 2018 Boeing. All rights reserved.
Copyright © 2018 Boeing. All rights reserved.
Slide 8: Non-GAAP Reconciliation
Non-GAAP Reconciliation Boeing | Investor Relations FY2017 KLX Reported Operating Earnings $216 Less: ESG EBIT (1) $22 ASG EBIT $238 Plus: ASG D&A $32 Reported ASG EBITDA $270 (1) ESG EBIT was negative in 2017 8 Copyright © 2018 Boeing. All rights reserved.