Federal Signal Corporation · NYSE:FSS
Federal Signal — Merger or Acquisition (August 2007)
14 slides from Federal Signal's merger presentation, Aug 7, 2007
Slide 1: PIPS Acquisition/Vision Update
PIPS Acquisition/Vision Update Robert D. Welding Stephanie K. Kushner August 6, 2007
Slide 2: Safe Harbor
This presentation contains various forward-looking statements as of the date hereof and the Company undertakes no obligation to update these statements regardless of new developments or otherwise. Statements in this presentation that are not historical are forward-looking statements. These risks and
Slide 3: Safety and Security Systems Group 18 Months Ago
Safety and Security Systems Group 18 Months Ago ... Global market: $1.6 billion Outdoor/indoor signaling, communications and hazardous area lighting Discrete emergency vehicle signaling equipment Off-street parking and revenue control equipment
Slide 4: Safety and Security Systems Group Recast of Served Markets
Global market: $1.6 billion Safety and Security Systems Group Recast of Served Markets Outdoor/indoor signaling, communications and hazardous area lighting Discrete emergency vehicle signaling equipment Off-street parking and revenue control equipment Global market: $7.9 billion Mobile warning, comm
Slide 5: SSG Organic Growth
SSG Organic Growth +18% +16% CAGR 2%
Slide 6: Changing our Portfolio: Shrink to Grow
Changing our Portfolio "Shrink to Grow" Leasing portfolio Plastisol Preble Justrite TTI Victor product lines Refuse FAPD do Brasil Cutting tools Superior $150 million proceeds Acquisitions Codespear $17 m Riverchase $7 m PIPS $115 m $139 million
Slide 7: Traditional FS Products
Traditional FS Products - prevent, warn, respond, recover, maintain Many assets, but no linkage
Slide 8: New Comprehensive FS Solutions
New Comprehensive FS Solutions - prevent, warn, respond, recover, maintain, sense and analyze Many assets with interoperability
Slide 9: Key ALPR Systems Applications
Key ALPR Systems Applications Application Intelligent transportation systems Public safety Access control and parking Example Transport for London - congestion tolling U.K. highways - traffic inspection system Access control and parking - New York Port Authority
Slide 10: PIPS Technology
PIPS Technology Largest installed base > 10,000 ALPR cameras 220 customers in 25 countries 20-25% global market share Highest performing technology History of innovation and product leadership Captures and recognizes up to 3,600 plate images per hour at speeds of up to 160 mph
Slide 11: Key Drivers for SSG Growth
Key Drivers for SSG Growth Budget priorities Disasters Government spending Industrial activities Interoperability New technology Safety regulations Terrorism
Slide 12: Transaction Details
Transaction Details $115 million price funded via existing cash and credit facility Expect at least $.05-.07 accretion in 2008 Debt will rise in the near term to upper end of our stated debt/cap range of 30-40% In compliance with all debt covenants
Slide 13: Vision
Vision Federal Signal ... the leader in advancing security and well-being for communities and workplaces around the world.
Slide 14: Federal Signal
A tf FEDERAL SIGNAL | advancing security and elk being. 18