Xpo, Inc. · NYSE:XPO
Xpo — XPO Logistics — Merger or Acquisition (April 2015)
12 slides from Xpo's merger presentation, Apr 28, 2015
Slide 1: XPO to Acquire Norbert Dentressangle
Exhibit 99.2 XPO to Acquire Norbert Dentressangle Announced April 28, 2015
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and within the meaning of French stock exchange regulations, and Section 21E of the Securities Exchange Act of 1934, as amended, in
Slide 3: Transformational Transaction for XPO
Transformational Transaction for XPO Combined company will be a truly global logistics leader Top ten worldwide logistics company One of the largest fleet networks in Europe Leading outsourced European e-fulfillment platform Second largest global freight brokerage firm by net revenue Third largest p
Slide 4: Compelling Strategic Rationale
Compelling Strategic Rationale ND’s capabilities closely mirror XPO’s North American offering – XPO will gain global scale in three of its core services: contract logistics, freight brokerage and global freight forwarding Companies share an asset-light model with low capital intensity: net capex of
Slide 5: Transaction Overview
Transaction Overview Enterprise Value: Approximately €3.24 billion ($3.53 billion) Purchase Price Transaction Multiple: 9.1x consensus 2015E EBITDA of €357 million ND’s founder and his family have irrevocably agreed to sell his 67% ownership of the company to XPO at €217.50 per share all cash, exclu
Slide 6: Europe's Strongest Full-Service 3PL Platform
Europe’s Strongest Full-Service 3PL Platform 2014 pro-forma revenue of approximately €5.1 billion ($5.5 billion) Logistics Transportation Global Forwarding 2014 PF Revenue 2014 PF Revenue 2014 PF Revenue €2.6 billion €2.3 billion €0.2 billion Employees: 27,800 Employees: 13,900 Employees: 650 Sites:
Slide 7: European Leader in E-Commerce
European Leader in E-Commerce Leading outsourced e-fulfillment provider in Europe €242 million revenue in e-commerce logistics in 2014 – 31% organic growth compared to 2013 – Business focused in the UK, Spain and France Strong growth potential with approximately 5% market share in estimated €5 billi
Slide 8: Preeminent European Transportation Network
Preeminent European Transportation Network 36-year history as global partner to blue-chip customers Combines non-asset and asset-light operations Rapid growth in freight brokerage, asset-light palletized service and dedicated carriage Unique service capabilities from lane density covering approximat
Slide 9: Loyal Customer Base Across Attractive Verticals
Loyal Customer Base Across Attractive Verticals Highlights Top 10 Customers Diversified portfolio of blue-chip customers Largest client under 4% of revenue 97% customer renewal rate in logistics Customer verticals include retail, food & beverage, manufacturing, chemicals, agriculture, e-commerce and
Slide 10: Synergies to Drive Growth
Synergies to Drive Growth Substantial company-wide cross-selling opportunities XPO to invest in the growth of ND through technology – Proprietary Freight Optimizer platform to be deployed in Europe to grow best-in-class brokerage capabilities – Expected combined annual technology spend of approximat
Slide 11: Intense Focus on Operational Execution
Intense Focus on Operational Execution Current ND CEO Hervé Montjotin will become CEO of XPO Europe and President of XPO Logistics worldwide Substantially all of the ND executive team will join XPO ND’s headquarters in Lyon, France will become XPO’s European headquarters Global career advancement an
Slide 12: Global Logistics Company Under Single XPO Brand
Global Logistics Company Under Single XPO Brand Pro-Forma XPO ND XPO Combined Countries 7 24 27 Locations 201 662 863 Employees 10,000 42,350 52,350 Customers 15,000 20,000 > 30,000 Logistics Facilities (sf) 13 million 116 million 129 million Major leap forward, but XPO still in early innings of lon