Fidelity National Financial, Inc. · NYSE:FNF
Fidelity National Financial — Merger or Acquisition (May 2013)
17 slides from Fidelity National Financial's merger presentation, May 28, 2013
Slide 1: FNF Acquisition of LPS Investor Slides
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 FNF Acquisition of LPS Investor Slides May 28, 2013
Slide 2: Forward Looking Statements
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Forward Looking Statements This presentation may contain forward-looking statements that involve a number of
Slide 3: Important Additional Information Will be Filed with the SEC
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Important Additional Information Will be Filed with the SEC 3 FNF plans to file with the SEC a Registration S
Slide 4: Transaction Overview
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Overview • FNF to acquire Lender Processing Services (“LPS”) for $33.25 per common share for a to
Slide 5: Transaction Overview: Exchange Ratio Collar
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Overview – If FNF’s average common stock price at closing is above the lower collar price of $24.
Slide 6: Transaction Overview: Cash Election and Leverage
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Overview – If FNF elects to increase the cash portion of the consideration and FNF’s average comm
Slide 7: Transaction Overview: Go-Shop and Break-Up Fees
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Overview – Acquisition agreement includes a “go-shop” period effective through July 6, 2013 durin
Slide 8: Transaction Overview: Conditions and Closing
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Overview • (ii) the acquisition agreement is terminated either as a result of the LPS shareholder
Slide 9: Sources & Uses and Pro Forma Ownership
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Sources & Uses and Pro Forma Ownership 9 Sources & Uses Pro Forma Ownership (6) Transaction Overview • FNF an
Slide 10: Investment Highlights
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Transaction Investment Highlights • Strong Strategic Fit – FNF management has significant experience and fami
Slide 11: FNF and LPS Long-Standing Relationship
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 • FNF and its senior management have a long-standing relationship and deep understanding of LPS • LPS was onc
Slide 12: LPS Business Overview
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 LPS Business Overview • LPS is the leading provider of technology solutions and services, data and analytics
Slide 13: Comprehensive Service Offerings
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 LPS FNF LPS FNF Purchase Title — Mortgage Processing — Refinance Title Subservicing — Valuation/App
Slide 14: Larger, More Diversified and Recurring Revenue Base
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 66% 9% 8% 18% Larger, More Diversified and Recurring Revenue Base $7,202 $1,998 $9,200 $0 $5,000 $10,000 $15,
Slide 15: 2012 Pro-Forma Accretion
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 2012 Pro-Forma Accretion – 11.3% 15 $’s in millions Per Share FNF net income, excluding investment gains 427
Slide 16: Track Record of Realizing Significant Synergies
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 As Chairman, Bill Foley Led Companies Have Demonstrated Ability to Realize Significant Synergies A Strong His
Slide 17: Summary
0, 50, 99 199, 234, 252 141, 216, 248 186, 205, 234 126, 167, 217 59, 137, 201 26, 140, 39 Table (repeat 2 & 3) Heading A 79, 129, 189 Heading B 220, 230, 242 2 208, 216, 232 3 233, 237, 244 Summary • Strong strategic fit – FNF management has significant experience and familiarity with LPS through p
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