Td Synnex Corporation · NYSE:SNX
Td Synnex — SYNNEX — Merger or Acquisition (March 2021)
13 slides from Td Synnex's merger presentation, Mar 22, 2021
Slide 1: Creating a Leading Global IT Solutions Distributor
March 22, 2021 Creating a Leading Global IT Solutions Distributor + Exhibit 99.6
Slide 2: Important Information: Additional Information and Where to Find It
Important Information Additional Information and Where to Find It In connection with the proposed transaction between SYNNEX Corporation (“SYNNEX”) and Tiger Parent (AP) Corporation, the parent corporation of Tech Data Corporation, a Florida corporation, SYNNEX plans to file relevant materials with
Slide 3: Important Information: Forward-Looking Statements
Important Information Forward-Looking Statements DISCLOSURE NOTICE: This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, related to SYNNEX and the proposed a
Slide 4: A Tremendous Opportunity for Growth and Value Creation
A Tremendous Opportunity for Growth and Value Creation Expansive reach across products, services and geographies to strengthen customer value proposition, drive efficiencies and accelerate technology adoption Premier core growth platform and best-in-class product offering in next-generation, high-gr
Slide 5: Transaction Summary
Transaction Summary (1) As of January 22, 2021 Structure Cash and stock merger Funds managed by affiliates of Apollo Global Management (“Apollo Funds”) (Tech Data’s principal shareholder) to receive an aggregate of 44M shares of SYNNEX common stock plus the refinancing of existing Tech Data net debt
Slide 6: A Transformational Transaction for SYNNEX and Tech Data
A Transformational Transaction for SYNNEX and Tech Data Note: Estimated pro forma revenue shown for FY 2020 for SYNNEX and LTM as of October 31, 2020 for Tech Data Deep Vendor Relationships List #60 100+ Countries Served 150,000+ Customers $57B Annual Revenues 1,500+ Vendors / OEMs $1.5B LTM Adj. EB
Slide 7: End-to-End Product Portfolio
Endpoint Solutions PC’s Mobile Cloud Software Peripherals AR VR Advanced Solutions Servers Analytics Hybrid Cloud Networking Security AI Collaboration Specialized Services Lifecycle / Renew Components Maintenance Integrated Solutions Micro-processors EaaS Hyve End-to-End Product Portfolio Solutions
Slide 8: Premier Provider in Largest, Highest Growth Product Segments
Cloud $260B 29% CAGR Next Generation Data Centers $103B 7% CAGR Security $71B 8% CAGR IoT $375B 16% CAGR 3rd Platform Services $325B 12% CAGR 5G Technology $21B 74% CAGR Data Analytics / AI $114B 18% CAGR Notes: Estimated market sizes per internal management estimates and IDC 3rd Platform Blackbook
Slide 9: Diversified Global Partner with Local Expertise
Diversified Global Partner with Local Expertise Supporting Partners Around the World – Five Continents, 100+ Countries Served Combined diversification and depth across geographies, products and solutions provide significant cost benefits and purchasing efficiencies to drive technology adoption and a
Slide 10: Attractive Combined Capital Structure
Net debt-to-adj. EBITDA of ~2x at close Net debt-to-adj. EBITDA below 2x within 12 months following close Combined company is expected to have ~$4.5B in liquidity consisting of: ~$1B of cash at closing $3.5B of available Revolving Credit Facility Combined company’s capital structure will include: $1
Slide 11: Significant Financial Strength and Value Creating Capital Allocation
Significant Financial Strength Value Creating Capital Allocation Financial Strength ~$4.5B in liquidity and conservative leverage profile Committed to maintain ample liquidity and debt-to adj. EBITDA of ~2x after 12 months Investments in Core and Next Generation Technology Cloud, next generation dat
Slide 12: Compelling Strategic Combination
Compelling Strategic Combination Creates a diversified global solutions aggregator with significant breadth and depth of capabilities Expansive end-to-end offering Global distribution network Expansive, deep customer and vendor relationships, including with world’s most innovative OEMs Capitalizes o
Slide 13: Creating a Leading Global IT Solutions Distributor
+ Creating a Leading Global IT Solutions Distributor