Lockheed Martin Corporation · NYSE:LMT
Lockheed Martin — Merger or Acquisition (December 2020)
7 slides from Lockheed Martin's merger presentation, Dec 21, 2020
Slide 1: Acquisition of Aerojet Rocketdyne
Acquisition of Aerojet Rocketdyne Webcast login at: www.lockheedmartin.com/investor Webcast replay & podcast available by 11:30 a.m. EST December 21, 2020 at: www.lockheedmartin.com/investor Audio replay available from 11:30 a.m. EST December 21, 2020 through midnight December 22, 2020 Access the au
Slide 2: Forward-Looking Statements
Forward-Looking Statements December 21, 2020Chart 2 This presentation contains statements that, to the extent they are not recitations of historical fact, constitute forward-looking statements within the meaning of the federal securities laws, and are based on Lockheed Martin’s current expectations
Slide 3: Strategic Highlights
Strong Start to 2015 Strategic Highlights • Signed Definitive Agreement to Acquire Aerojet Rocketdyne – Transaction Value of $51 per share after Special Dividend • ~ $4.4 Billion Transaction Value – Funded with a Blend of Debt and Cash on Hand • Integrating Value Chain • Reinvesting in our Business
Slide 4: Transaction Value Walkdown
Strong Start to 2015 Transaction Value Walkdown December 21, 2020Chart 4 $ Million Consideration to Equity Holders @ $51/share* ~ $4,585 Projected Debt Payoff (term loan) ~ 315 Projected Cash Balance ~ (500) Projected Transaction Value ~ $4,400 *Consideration to Equity Holders Assumptions: • $51 per
Slide 5: Transaction Overview
Strong Start to 2015 • Transaction Value of ~$4.4 Billion Equates to ~14.3x 2021 EV / EBITDA* Multiple • Attractive Financing Options Available • Substantial Cash Balance Continues to Support Cash Deployment Strategy Transaction Overview December 21, 2020Chart 5 Strength of Balance Sheet Enabling St
Slide 6: Summary
Strong Start to 2015 • Complementary Portfolios to Drive Long-Term Growth • Strengthening Core Capabilities • Shared Culture of Innovation Summary December 21, 2020Chart 6 Value-Creation for Customers and All Other Stakeholders
Slide 7: Slide 7
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