Air Products And Chemicals, Inc. · NYSE:APD
Air Products And Chemicals — J.P. Morgan Diversified Industries Conference 2010
10 slides from Air Products And Chemicals's conference presentation, Jun 9, 2010
Slide 1: Schedule 14A: Airgas, Inc. Soliciting Material
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. __) Filed by the Registrant o Filed by
Slide 2: Paul Huck, SVP and CFO, J.P. Morgan Diversified Industries Conference
On June 9, 2010, Paul Huck, Senior Vice President and Chief Financial Officer of Air Products and Chemicals, Inc., gave a presentation at the J.P. Morgan Diversified Industries Conference relating to various matters. The following slides were included in the slide presentation given at the meeting:
Slide 3: Forward Looking Statement
J.P. Morgan Diversified Industries Conference 2010 Forward Looking Statement This presentation contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including earnings guidance and comments regarding the Company’s proposed ac
Slide 4: Additional Information
J.P. Morgan Diversified Industries Conference 2010 ADDITIONAL INFORMATION On February 11, 2010, Air Products Distribution, Inc. (“Purchaser”), a wholly owned subsidiary of Air Products and Chemicals, Inc. (“Air Products”), commenced a cash tender offer for all the outstanding shares of common stock
Slide 5: Offer to Acquire Airgas
Offer to Acquire Airgas
Slide 6: Airgas transaction highlights
J.P. Morgan Diversified Industries Conference 2010 Airgas transaction highlights Consideration All-cash offer for all Airgas shares at $60.00 per share Premium Premium of 38% to ARG unaffected price on 2/04/10 of $43.53 Accretion Expected to be substantially accretive to Air Products cash EPS in yea
Slide 7: Compelling strategic and industrial logic
J.P. Morgan Diversified Industries Conference 2010 Compelling strategic and industrial logic Creates one of the world’s leading integrated industrial gas companies • Largest industrial gas company in North America • Diversified across geographies and distribution channels with competitive positions
Slide 8: Path forward
J.P. Morgan Diversified Industries Conference 2010 Path forward . . . Litigation • Commenced litigation in Delaware Tender offer • Offer commenced Feb 11 Air Products • Financing committed committed to Regulatory process completing • Prepared to make appropriate transaction divestitures Shareholder
Slide 9: Air Products' proposals
J.P. Morgan Diversified Industries Conference 2010 Air Products’ proposals 1. Election of three independent director nominees 2. Amend by-laws to implement director eligibility requirements • Would make any Airgas board members (except CEO) not elected at annual meeting ineligible to serve on Airgas
Slide 10: The Air Products opportunity
J.P. Morgan Diversified Industries Conference 2010 The Air Products opportunity STABILITY GROWTH RESULTS • Long term contracts, • Solid backlog and strong • Double-digit EPS growth consistent and predictable growth opportunities cash flow across all geographies • ROCE 3-5% above cost of capital • Di
Air Products & Chemicals — J.P. Morgan Diversified Industries Conference 2010 on 6ix