Florida East Coast Industries Inc
Florida East Coast Industries — Merger or Acquisition (May 2007)
15 slides from Florida East Coast Industries's merger presentation, May 31, 2007
Slide 1: Shareholder Meeting
Shareholder Meeting May 31, 2007 Exhibit 99
Slide 2: Forward-Looking Statements
Florida East Coast Industries, Inc. Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward- looking statements incl
Slide 3: Florida East Coast Industries – 125 Years of History
1883 1896 1961 1981 1984 2000 2006 1940’s Florida East Coast Industries – 125 Years of History • Henry Flagler begins assembling land tracts and constructing a railroad originating in Jacksonville down the east coast of Florida • Assemblage of today’s 351- mile rail corridor spanning from Jacksonvil
Slide 4: Unique Portfolio of Assets in a Dynamic Marketplace
Unique Portfolio of Assets in a Dynamic Marketplace Florida’s premier fully-integrated commercial real estate platform 7.9 million square feet of Class-A office, industrial and mixed-use properties throughout the Miami, Jacksonville and Orlando metro areas 4.3 million square foot development pipelin
Slide 5: Florida East Coast Railway
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Slide 6: FECR is an Essential Component of Florida's Economic Growth
FECR is an Essential Component of Florida’s Economic Growth • Corridor alignment forged over 100 years ago > Impossible to recreate today > Alliances with Class I railroads extends reach throughout the U.S. • Largest hauler of aggregate and leading provider of intermodal services in Florida due to i
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Slide 8: FECR – 2006 Accomplishments
FECR – 2006 Accomplishments • Completed 12-mile double track between Indian River and Titusville • Completed Medley Rock Yard • Increased trailer capacity at Bowden Yard • Took delivery of four new locomotives • 2006 Gold Harriman Award • Chosen as first transportation company to move Wal-Mart equip
Slide 9: Real Estate – Flagler Development Group
Real Estate – Flagler Development Group Lakeside One – Flagler Center
Slide 10: Highest-Quality Real Estate Assets in Rapidly Growing Markets
• Significant Operating Property Portfolio > 68 office, industrial and mixed-use properties within 10 business parks > Strategically-located in Florida’s largest markets near transportation and distribution hubs • Extensive Development Pipeline > 4.3 million square feet of planned development projec
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Slide 12: Fortress Transaction – Next Steps
Fortress Transaction – Next Steps • Preliminary proxy filed with SEC • Transaction is subject to customary closing conditions including majority shareholder approval • Transaction expected to close during third quarter
Slide 13: Important Additional Information Will be Filed with the SEC
Important Additional Information Will be Filed with the SEC Florida East Coast Industries has filed a preliminary proxy statement and plans to file with the SEC a proxy statement in connection with the transaction with Fortress. FECI shareholders are urged to read the final proxy statement and other
Slide 14: Reconciliation of Non-GAAP to GAAP Measures
Reconciliation of Non-GAAP to GAAP Measures $62.6 30.1 $32.5 $100.9 22.4 $78.5 $85.5 $67.5 $62.6 Railway Segment’s operating profit before depreciation $65-$69 $55.8 $44.8 $40.1 Realty rental properties’ operating profit before D&A expense $33-34 28.2 $23.1 22.3 Rental properties’ D&A expenses $32-3
Slide 15: Shareholder Meeting
Shareholder Meeting May 31, 2007
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