Babcock & Wilcox Enterprises, Inc. · NYSE:BW
Babcock & Wilcox Enterprises — Merger or Acquisition (May 2016)
8 slides from Babcock & Wilcox Enterprises's merger presentation, May 23, 2016
Slide 1: SPIG Transaction Overview
SPIG Transaction Overview May 23, 2016 © Babcock & Wilcox Enterprises, Inc. All rights reserved. 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Forward-looking statements. B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to our proposed acquisition of SPIG. These forward-looking statements are based on management’s current expectations and involve a
Slide 3: SPIG Overview
SPIG Overview • B&W entered into a definitive agreement 2016E Revenue by Segment to acquire SPIG S.p.A. on May 20, 2016 for €155M, subject to certain adjustments • SPIG provides customized dry and wet 76% Aftermarket International Services cooling solutions and aftermarket services 20% Wet Systems t
Slide 4: Investment Highlights
Investment Highlights Complementary Technology Asset Light Broadens B&W’s Custom- Business Model Engineered Solutions Offering Provides Flexibility Diversifies Strengthens B&W SPIG’s B&W’s End Markets Customer Access and Geographic Presence and Financial Position Significant Experienced Management A
Slide 5: Synergistic Combination
Synergistic Combination Cross-Selling Opportunities Provide Additional Transaction Upside Stronger B&W Stronger SPIG Geographic End Market Cross-Selling and Cross-Selling and Brand Recognition Scope Expansion Cross-Selling Opportunities Flow in Both Directions © Babcock & Wilcox Enterprises, Inc. Al
Slide 6: SPIG Business Model Aligns with B&W
SPIG Business Model Aligns with B&W Engineering custom solutions that are difficult to replicate and are fundamental to reliable operations and regulatory compliance Manufacturing Complex Strategic Project Customer Custom Engineering Management Sourcing Technology Relationship and Design Management
Slide 7: Critical Technology for Multiple End Markets
Critical Technology for Multiple End Markets Power Generation • Natural Gas Traditional • Combined Cycle Power • Cooling systems required for all Plants (CCPP) production processes involving steam • Geothermal Critical • Technology impacts operational Renewable / • Solar thermal efficiency of a faci
Slide 8: © Babcock & Wilcox Enterprises, Inc. All rights reserved.
© Babcock & Wilcox Enterprises, Inc. All rights reserved. 8
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