The Cooper Companies, Inc. · NASDAQ:COO
The Cooper Companies — Cooper Companies — Merger or Acquisition (July 2004)
11 slides from The Cooper Companies's merger presentation, Jul 30, 2004
Slide 1: Acquisition of Ocular Sciences, Inc.
NYSE: COO Acquisition of Ocular Sciences, Inc.
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains forward-looking projections of Cooper’s results. Actual results could differ materially from these projections. Additional information concerning factors that could cause material differences can be found in Cooper’s periodic filings with the Sec
Slide 3: Complementary Strategic Fit: Revenue - Product Lines and Geography
COMPLEMENTRY STRATEGIC FIT REVENUE Product lines OCLR: disposable spheres; daily disposables CVI: specialty lenses Geography OCLR: Japan; Europe (GER) CVI: North America; Europe
Slide 4: Complementary Strategic Fit: Revenue - Customers
COMPLEMENTARY STRATEGIC FIT REVENUE Customers OCLR: retail optometric chains CVI: professional eye care
Slide 5: Complementary Strategic Fit: Gross Profit
COMPLEMENTARY STRATEGIC FIT GROSS PROFIT Manufacturing efficiencies OCLR: GenII CVI: CooperSync
Slide 6: Complementary Strategic Fit: Expense Synergies
COMPLEMENTARY STRATEGIC FIT EXPENSE SYNERGIES SG&A duplication R&D overlap
Slide 7: Market Trends
MARKET TRENDS ($’s Billions) ‘03 ‘08 CGR Americas $1.6 (46%) $2.4 (44%) +8 Europe $.8 (23%) $1.1 (22%) +6 Asia/Pacific $1.0 (29%) $1.8 (30%) +12 Other .1 (2%) .2 (4%) +15 Total $3.5 (100%) $5.4 (100%) +9 CooperVision $35 (10%) $1.3 (25%) +13
Slide 8: Guidance
GUIDANCE (Revenue in $’s millions) 2005 2006 2007 COO $930-$943 $1042-$1050 $1165-$1180 CVI $815-$825 $915-$920 $1025-$1035 CSI $115-$118 $127-$130 $140-$145 EPS* $3.25-$3.35 $4.20-$4.30 $5.00-$5.10 ETR 21% 20% 20% * Excludes non-recurring items
Slide 9: Assumptions
ASSUMPTIONS 2005 2006 2007 Gross Profit 63% 64% 64.5% Operating expense 38.5% 37% 36.5% Operating Income 24.5% 27% 28% ETR 21% 20% 20% Shares Outstanding 45M 46M 46.7M
Slide 10: Post-Deal Capital Structure
POST-DEAL CAPITAL STRUCTURE ($ in millions) Total Debt $770 Stockholders’ Equity $1106 Total Capitalization $1876 Total Debt/Capitalization 41%
Slide 11: Cooper Companies Forward-Looking Statements
Cooper Companies Forward-Looking Statements This document contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. These include certain statements about the merger with Ocular Sciences, our capital resources, performance and results of operations. In