Linde Plc · NASDAQ:LIN
Linde — Praxair — Merger or Acquisition (August 2017)
14 slides from Linde's merger presentation, Aug 10, 2017
Slide 1: Praxair, Inc. – Matthew J. White, CFO
Praxair, Inc. August 9, 2017 Matthew J. White Senior Vice President and Chief Financial Officer
Slide 2: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed business combination between Praxair, Inc. (“Praxair”) and Linde AG (“Linde”), Linde plc (“New Holdco”) has filed a Registration Statement on Form S-4 (which Registration Statement has not yet been declared effective) with t
Slide 3: Forward-looking Statements
Forward-looking Statements This communication includes “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. Forward-looking statements are based on our beliefs and assumptions on the basis of factors curr
Slide 4: Praxair Snapshot
Jun 2017 2Q Sales By Segment PST 5% North America 53% South America 13% Europe 14% Asia 15% By Supply Mode Packaged Gases 28% Other 8% On-Site 30% Merchant 34% By End-Market Metals 17% Manufacturing 22% Healthcare 8% Food / Bev 10% Other 9% Electronics 9% Energy 12% Aerospace 3% Chemicals 10% Praxai
Slide 5: Linde and Praxair: A Compelling Combination
Linde and Praxair: A Compelling Combination
Slide 6: Linde and Praxair: A Compelling Combination
1 2016 pro forma sales without adjustment for potential divestitures and regulatory limitations Linde and Praxair: A Compelling Combination Leverages unique strengths of each company to create a global industrial gas leader Linde’s engineering & technology and Praxair’s operational excellence Increa
Slide 7: Creating A Global Industrial Gas Leader
Creating A Global Industrial Gas Leader… 1 Sales based on 2016 public filings. Air Liquide includes 12 months of Airgas acquisition and related divestments. Air Products excludes Materials Technologies 2 2016 pro forma sales without adjustment for potential divestitures and regulatory limitations 3
Slide 8: Leverages Complementary Strengths
Leverages Complementary Strengths… Product Lines End-Markets Geographies Engineering & Technology EMEA Asia/Pacific HyCO Large ASUs Chemicals & Energy H2, LNG, CCS, EOR Healthcare Petrochemicals US Gulf Coast Metals Standardized ASUs Non-cryo Operational excellence Core Competencies North America So
Slide 9: Establishes A More Balanced Portfolio
Establishes A More Balanced Portfolio… …With strong positions in key geographies and end-markets 1 Based on 2016 public filings and pro forma sales without adjustment for potential divestitures and regulatory limitations. 2 Includes cylinder and other services Geography1 End-Markets1 Supply Mode1 Am
Slide 10: Combination Would Yield ~$1.2B Synergies & Efficiencies
Combination Would Yield ~ $1.2 B Synergies & Efficiencies… Time to achieve ~ 3 years after closing Cost to implement ~ $1.0 B Corporate right-sizing Operational optimization Procurement Includes existing cost reduction programs Productivity Cost Synergies & Efficiencies1 ~ $1.0 B 1 Based on 2016 fin
Slide 11: And Create Value For All Stakeholders
…And Create Value For All Stakeholders Deep & innovative product offerings Broader end-market applications Cost efficient solutions Shared values… safety, integrity, community Employer of choice Environmental stewardship Higher cash flow & stronger balance sheet Greater flexibility to invest in futu
Slide 12: Strong Balance Sheet and Cash Flow
Strong Balance Sheet and Cash Flow Greater flexibility for growth investments and shareholder distributions 1 Based on Linde and Praxair's consolidated financial statements combined for pro forma purposes. See appendix 2 Non-GAAP and non-IFRS measure. See Appendix for reconciliation 3 Excluding savi
Slide 13: Regulatory Review and On-going Integration Planning
Regulatory Review and On-going Integration Planning Key Next Steps and Timeline Board approvals / BCA signed Completion of review of offer documents by US SEC / German BaFin Praxair shareholder vote / Linde exchange offer Regulatory approval / expected closing H2 2018 01 June 2017 Q3 2017 Q4 2017 H2
Slide 14: Praxair, Inc. – Matthew J. White, CFO
Praxair, Inc. August 9, 2017 Matthew J. White Senior Vice President and Chief Financial Officer TRANSCRIPT OF PRESENTATION August 9, 2017 Thank you, Laurence. Thanks, everybody, for attending today and good morning. So, slide 2 here is just a mandatory legal statement that will apply to all my comme