Post Holdings, Inc. · NYSE:POST
Post — Merger or Acquisition (April 2014)
10 slides from Post's merger presentation, Apr 17, 2014
Slide 1: Post Holdings to Acquire Michael Foods
Post Holdings, Inc. Post Holdings to Acquire Michael Foods April 17, 2014
Slide 2: Forward-looking statements
Post Holdings, Inc. 1 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of Post Holdings, Inc. (“Post” or the “Company”) and are subject to uncertain
Slide 3: Market and Industry Data
Post Holdings, Inc. 2 Market and Industry Data This presentation includes industry and trade association data, forecasts and information that was prepared based, in part, upon data, forecasts and information obtained from independent trade associations, industry publications and surveys and other in
Slide 4: Transaction Summary
Post Holdings, Inc. Transaction Summary 3 Post Holdings, Inc. to acquire Michael Foods for $2.45bn(1) − Michael Foods is a leading producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels Continues transformation of Post
Slide 5: Compelling Strategic and Financial Rationale
Post Holdings, Inc. Compelling Strategic and Financial Rationale Transaction Meets Post’s Disciplined Acquisition Criteria 4 Key Criteria Michael Foods Growth Category with Compelling Characteristics Capitalizing on growth in breakfast, the only growing daypart in the quick-service restaurant (“QS
Slide 6: Overview of Michael Foods
Post Holdings, Inc. Overview of Michael Foods 5 Michael Foods is a leading producer of value-added food products and service solutions provided to customers in the foodservice, retail and food ingredient channels Holds leading market positions in each of its three segments 2013PF Net Sales by Se
Slide 7: Post's Transformation to a Dynamic-Growth, Diversified Enterprise
Post Holdings, Inc. (1) Fiscal year ended September 30, 2012. (2) LTM December 31, 2013 reflecting all closed acquisitions as of April 17, 2014 including both pre- and post-acquisition periods as well as the pending acquisition of the PowerBar and Musashi brands and the pending acquisition of Michae
Slide 8: Financial rationale and committed financing
Post Holdings, Inc. 7 Enhanced top-line growth potential over the long-term Expected to be accretive to EPS on both a cash and GAAP basis(1) Historically strong cash flow generation expected to continue under Post ownership Pro forma company expected to have a strong deleveraging profile S
Slide 9: Key Takeaways
Post Holdings, Inc. Key Takeaways 8 Strengthens portfolio with a leading producer of value-added food products that is well-aligned with consumer trends Balances Post’s current portfolio with a suite of high-quality brands and product offerings Financially compelling, expected to be EPS accret
Slide 10: 9 Post Holdings, Inc.
9 Post Holdings, Inc.