Esco Technologies Inc. · NYSE:ESE
Esco Technologies — Merger or Acquisition (November 2007)
14 slides from Esco Technologies's merger presentation, Nov 7, 2007
Slide 1: Announces an Agreement to Acquire Doble Engineering
Announces an Agreement to Acquire November 7, 2007
Slide 2: Forward-Looking Statement
Statements regarding the timing and certainty of the acquisition of Doble Engineering, the immediate and long term financial impacts and results of the Doble acquisition, the success of Doble and ESCO to address additional markets and opportunities, the Company's ability to address the future needs
Slide 3: Today's Speakers
Today's Speakers Vic Richey, ESCO Technologies Inc. Chairman, President and CEO Gary Muenster, ESCO Technologies Inc. Senior Vice President and Chief Financial Officer Bob Smith, Doble Engineering Company President and CEO
Slide 4: Today ESCO is...
Today ESCO is... A Proven Supplier of Special Purpose Communications Systems for the Electric, Gas and Water utilities, including Hardware and Software to support Advanced Metering Infrastructure (AMI) applications A Leading Provider of Engineered Filtration Products to the Transportation, Health Ca
Slide 5: ESCO's Current Products & Applications
ESCO's Current Products & Applications Test Filtration Communications
Slide 6: Acquisition Highlights
Acquisition Highlights... Founded in 1920, Doble is the world leader in providing high-end, diagnostic test solutions for the electric power delivery industry Products measure the performance of apparatus that is "mission critical" to the reliable delivery of electricity Vast "Knowledge Reservoir" u
Slide 7: Transaction Highlights
RF Shielding & Test Communications Filtration East 28 38 34 Transaction Highlights ESCO has agreed to acquire Doble Engineering $319 million cash purchase price Funded through a combination of: Existing cash New Senior Credit Facility to be put in place Pro forma debt of approximately $300 million L
Slide 8: Doble Solutions
Doble Solutions Communications Application Support & Services Products Protection Test Instruments Apparatus Maintenance F Series - Relay Test Instrument M4000 Insulation Analyzer M5300 Sweep Frequency Response Analyzer On-Site Product Training Doble Product Support Consulting Services Lab Services
Slide 9: Doble Illustrative Flow Diagram
Doble Illustrative Flow Diagram 25% 32% Regional Electric Utilities / Customers Shareholder - - Owned Utilities 70% Cooperatives 12% Municipalities 10% Others 5% >500 >1,000 >2,000 >2,000 Knowledge Reservoir Aggregate data and information Library of over 25 million apparatus test results On - - dema
Slide 10: Doble Financial Results
RF Shielding & Test Communications Filtration East 28 38 34 Doble Financial Results ($ in Millions) Strong Revenue Growth 10.3% CAGR from 2002 to 2007* Impressive EBITDA Margin Growth Increase from 24.4% in 2002 to 35.1% in 2007* * Projected revenue and EBITDA
Slide 11: Doble Highlights
RF Shielding & Test Communications Filtration East 28 38 34 Doble Highlights Doble's products are considered to be the "gold standard" in their field, with over 90% of U.S. utilities using the Company's M-Series system Key competitive advantage is Doble's ability to collect and use proprietary data
Slide 12: A Transformational Transaction
A Transformational Transaction ESCO Today ESCO Pro Forma RF Shielding & Test Communications Filtration East 37.5 26.8 35.7 Communications 37.5% Filtration / Fluid Flow 35.7% Test 26.8% Sales by Segment RF Shielding & Test Communications Filtration East 45.6 23.3 31 Communications 45.6% Filtration /
Slide 13: Why is ESCO buying Doble?
RF Shielding & Test Communications Filtration East 28 38 34 Why is ESCO buying Doble? Doble presents ESCO with a unique opportunity to add a high quality / highly profitable company with world class customers to the ESCO family of companies Broadens product and services offerings to Electric Utiliti
Slide 14: Appendix A Reconciliation of Non-GAAP Financial Measures
Appendix A Reconciliation of Non-GAAP Financial Measures
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