Slide 1: SYNNEX' Concentrix Division Announces the Acquisition of Convergys
Investor Presentation Filed by SYNNEX Corporation pursuant to Rule 425 under the Securities Act of 1933, as amended and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended Subject Company: Convergys Corporation Commission File No. 001-14379 June 28, 2018 SYNNEX
Slide 2: Safe Harbor Statement
Safe Harbor Statement DISCLOSURE NOTICE: This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 related to SYNNEX Corporation (“SYNNEX”), Convergys Corporation (“Convergys”) and the pr
Slide 3: Safe Harbor Statement: Non-GAAP Measures and Additional Information
Safe Harbor Statement Note on Non-GAAP Financial Measures This document includes certain non-GAAP financial measures, including adjusted EBITDA, EPS, and adjusted ROIC. Management considers GAAP financial measures as well as non-GAAP financial information in its evaluation of the Company’s financial
Slide 4: Safe Harbor Statement: No Offer or Solicitation
Safe Harbor Statement No Offer or Solicitation This communication is for informational purposes only and not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any secur
Slide 5: Today's Announcement
Today’s Announcement SYNNEX’ Concentrix Diversifies revenue base and positions SYNNEX for Division to Acquire continued growth and margin expansion Convergys to Create a Premier Global Customer Engagement Combines two industry leaders, extending Concentrix’ Services Company client base and global fo
Slide 6: Strategic Rationale
Strategic Rationale Enhances SYNNEX’ position as a leading business process services company Increases Concentrix’ scale and diversifies revenue base Significantly expands strategic client base and geographical footprint Strengthens position in strategic industry verticals Highly compelling financia
Slide 7: Convergys Snapshot
Convergys Snapshot Revenue by Vertical and Geography • Convergys is an industry leader in26% the customer experience market Revenue by Revenue by 9% Vertical (2) Geography (1) • Convergys services name brand clients across its global footprint with high21% performance, standardized Other Healthcare
Slide 8: Combination of Concentrix and Convergys
Combination of Concentrix and Convergys ~$4.7B Revenue Customer • Combined client base of 650+ of the best brands Base • 100+ clients from the Fortune 1000 650+ Clients Vertical • Convergys further enhances domain expertise in key 225,000+ Expertise strategic verticals - Financial Services, Healthca
Slide 9: Diversified Financial Profile
Enhances SYNNEX’ position as a leading business process services company Diversified Financial Profile Revenue Mix (1) Adjusted EBITDA Mix(1) 23% Concentrix + Convergys 43% 57% Technology Technology Solutions Concentrix + Solutions Convergys 77% Concentrix + Convergys (2) Technology Solutions Balanc
Slide 10: Transaction Overview
Transaction Overview Transaction • SYNNEX to acquire Convergys for $26.50 per share: • $13.25 per share in cash; and 0.1193 SYNNEX common shares for Consideration each share of Convergys common stock, subject to a two-way collar • Approximately $2.43 billion transaction equity value, and net debt of