Serco Group plc · LSE:SRP
Serco — Merger or Acquisition (February 2021)
13 slides from Serco's merger presentation, Feb 16, 2021
Slide 1: Acquisition by Serco of WBB Inc: Creating a platform for growth in US defence
_ serco Acquisition by Serco of WBB Inc = Creating a platform for growth in US defence Serco Group plc 16 February 2021
Slide 2: Disclaimer
Disclaimer Forward looking statements This announcement contains statements which are, or may be deemed to be, “forward-looking statements” which are prospective in nature. All statements other than statements of historical fact are forward-looking statements. Generally, words such as “expect”, “ant
Slide 3: Creating a platform for growth in US defence
Creating a platform for growth in US defence Transaction details: Acquisition of Whitney, Bradley & Brown Inc (WBB), leading provider of advisory, engineering and technical services to US Military * Consideration: $295m (£215m') on a cash-free, debt-free basis. * Size of business: Calendar 2021 reve
Slide 4: Strategic rationale
Creating a platform for growth in US defence Strategic rationale Growing the scale, reach and capability of Serco in the largest defence market in the world is one of our strategic objectives. Serco and WBB highly complementary: both providers of Systems Engineering and Technical Assistance (SETA) s
Slide 5: Overview of WBB: a leading supplier of high-end engineering and technical services to the US military
Overview of WBB: a leading supplier of high-end engineering and technical services to the US military What does it do? Key characteristics + Provides Systems Engineering, Technical * Has over 1,000 skilled employees including 200+ Assistance (SETA) to US military, focusing on “Subject Matter Experts
Slide 6: WBB operates in attractive parts of $700bn+ market
WBB operates in attractive parts of $700bn+ market At over $700bn, US defence is a large and highly attractive government market. * Change to the Biden administration unlikely to have major impact on modernisation and technology deployment programmes. Bipartisan support for defence against emerging
Slide 7: WBB brings high-level engineering and technical expertise to major defence programmes
WBB brings high-level engineering and technical expertise to major defence programmes Office of Secretary of Defense: Primary System Engineer for multiple automation programs for ships, tanks, aircraft, radios, and software. Assists the OSD manage major acquisition programs. US Army Space and Missil
Slide 8: Acquisition & Programme Management capabilities by customer
Engineering & Acquisition & Data Analytics Modelling, Platform Hardware Capabilities Mission Technical and Programme & Machine Simulation & Production Integration Development Performance Sustainment Management Learning Wargaming Support & Installation Support Navy / Marine Corps Army Air Force/ Spac
Slide 9: Diversified presence across key programmes
Slide 10: Revenue by sector and division
1 2 North America Revenue by division UK & Europe Middle East North American AsPac Americas Revenue by sector Defence Defence Justice & Immigration increases from Transport Health Citizen Services WBB would add ~4% to 2020 Group revenue and ~13% to UTP
Slide 11: Summary: a highly attractive transaction for Serco
Summary: a highly attractive transaction for Serco Strategically compelling ¢ US defence a strategically important market for Serco * Gives Serco’s existing North American defence business greater: — Scale: +20% to North America defence revenues, now over $1bn. — Reach: access to hard-to-enter new c
Slide 12: Q&A
O&A 12 Serco Group ple-Acquisition of WBB February 2021 serco
Slide 13: Serco
Serco www.serco.com Serco Group ple Serco House 16 Bartley Wood Business Park Bartley Way, Hook Hampshire RG27 9UY United Kingdom For general enquiries contact: T: +44 (0) 330 109 8628 E: generalenquiries@serco.com