Intermec — Merger or Acquisition (January 2011)
12 slides from Intermec's merger presentation, Jan 18, 2011
Slide 1: Intermec To Acquire Vocollect
EXHIBIT 99.2 Intermec To Acquire Vocollect Taking the warehouse by storm Pat Byrne | President & CEO Bob Driessnack | Senior Vice President & CFO
Slide 2: Safe Harbor Statement Regarding Forward-looking Statements and Risks
Safe Harbor Statement Regarding Forward-looking Statements and Risks Statements made in this release and related statements that express Intermec’s or our management’s intentions, indications, beliefs, expectations, guidance, estimates, forecasts or predictions of the future constitute forward-looki
Slide 3: Risks and uncertainties of acquisitions
These include, but are not limited to, risks and uncertainties described more fully in our reports filed or to be filed with the Securities and Exchange Commission including, but not limited to, our annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on our websiteto
Slide 4: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), we may use the non-GAAP financial measures adjusted earnings per share, transaction costs, earnings before income tax and depreciation and amortization “E
Slide 5: Transaction Snapshot
Transaction Snapshot Price $190 million purchase price, subject to certain post- closing adjustments such as cash, debt and working capital Consideration 100% cash $108 million balance sheet cash Sources Remainder from new financing / amendment to existing revolving credit facility Structure Interme
Slide 6: Vocollect: A Solutions-Oriented Business
Vocollect: A Solutions-Oriented Business 6
Slide 7: Powerful and Innovative Voice Platform
Powerful and Innovative Voice Platform § “Gold Standard” Voice Technology § Superior speech recognition and processing architecture § Outstanding performance in noisy and rugged environments § More Than $3 Billion Worth of Goods Moved Daily Using Vocollect Solutions § Over 300,000 Users Globally in
Slide 8: Industry-Leading Software Solution
Industry-Leading Software Solution § Industry-Leading, End-to-End Voice-Centric Software Solution § Developed to Address Unique Needs of the Warehouse and Distribution Center § Fully integrated with warehouse management systems (WMS) § Works seamlessly with other technologies like RFID, displays, sc
Slide 9: Clear Value Proposition for Customers
Clear Value Proposition for Customers Significant Productivity Increases Power of “two hands free” Up to 50% for certain workflows Outstanding Accuracy Improvement to 99.9% Very high customer retention Increases Safety “Heads up” awareness Reduced workers comp claims Reduces Training Time Up to 50%
Slide 10: Under-Penetrated, Large Potential Market
Under-Penetrated, Large Potential Market 10
Slide 11: Strategic Rationale
Strategic Rationale Complements Our Products with Innovative New Voice Platform «= Strengthens Position in Core Warehouse Market = Accelerates Our Solutions-Oriented Software Business Expands Key Channel Partners Offers Significant Revenue Synergies - Improves Key Financial Metrics Intermec
Slide 12: Key Transaction Financial Highlights
Key Transaction Financial Highlights 2010 Revenue Expected to be Approximately $120 million Voice is Expected to Deliver Double Digit Future Revenue Growth Revenue Synergies Expected to be approximately $10M in 2011 Expected to be Accretive to Intermec’s EPS in First Fiscal Year Following Completion