Travelport Worldwide — Merger or Acquisition (December 2018)
11 slides from Travelport Worldwide's merger presentation, Dec 11, 2018
Slide 1: Travelport to be acquired by affiliates of Siris Capital and Evergreen Coast Capital
Travelport to be acquired by affiliates of Siris Capital and Evergreen Coast Capital Key Point Summary December 10, 2018 Confidential
Slide 2: Travelport to be acquired & become a private company
Travelport to be acquired & become a private company • Siris Capital is a private equity firm and Evergreen Coast Capital is the private equity affiliate of hedge fund Elliott Management • Siris and Evergreen will acquire all of the outstanding common shares of Travelport for $15.75 per share in cas
Slide 3: Overview of Siris Capital
Overview of Siris Capital • Founded in 2011, Siris Capital is a leading private equity firm based in New York and has raised approximately $5.4 billion of cumulative committed capital • Siris has extensive experience investing in companies in the data, telecommunications, technology, and technology-
Slide 4: Overview of Evergreen Coast Capital
Overview of Evergreen Coast Capital Evergreen Coast Capital is an affiliate of Elliott Management focused on private equity investments: • Focused exclusively on investing in technology companies • Led by private equity industry veterans with decades of private equity experience who have closed over
Slide 5: Transaction process and timing
Transaction process and timing • Next steps: for 45 days after the announcement of the agreement with Siris and Evergreen, Travelport will be in a "go-shop" period - Travelport may solicit acquisition proposals from other third parties - There are no assurances that this process will result in any s
Slide 6: Financial guidance
Financial guidance (in $ millions, except per share amounts) FY 2018 Guidance* Growth Net revenue 2,535 – 2,585 4 – 6% Adjusted EBITDA 585 – 605 (1) – 3% Adjusted Net Income 170 –185 (6) – 2% Adjusted Income per Share – diluted** 1.34 – 1.46 (7) – 1% Free Cash Flow 210 – 230 5 – 15% * Guidance assum
Slide 7: Important information for investors and shareholders
Important information for investors and shareholders Important Information and Where to Find it The proposed acquisition of Travelport by Siris and Evergreen will be submitted to the shareholders of Travelport for their consideration. In connection with the proposed transaction, Travelport will file
Slide 8: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation contains "forward-looking statements" that are not limited to historical facts, but reflect T ravelport's current beliefs, expectations or intentions regarding future events. In some cases, you can identify forward-looking s
Slide 9: Non-GAAP financial measures
Non-GAAP financial measures Adjusted EBITDA is defined as Adjusted Net Income (Loss) excluding depreciation and amortization of property and equipment, amortization of customer loyalty payments, interest expense, net (excluding unrealized gains (losses) on interest rate derivative instruments), comp
Slide 10: Full year 2018 guidance
Full year 2018 guidance With respect to our full year 2018 guidance: Adjusted EBITDA guidance consists of Adjusted Net Income guidance excluding expected depreciation and amortization of property and equipment and expected amortization of customer loyalty payments of $240 million to $250 million, ex
Slide 11: Travelport
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