Alstom Sa · EURONEXT:ALO
Alstom Sa — Merger or Acquisition (June 2014)
9 slides from Alstom Sa's merger presentation, Jun 23, 2014
Slide 1: Alstom Board of Directors recommends General Electric's offer
Alstom Board of Directors recommends General Electric’s offer 23 June 2014
Slide 2: Key Highlights
Key Highlights Alstom Board of Directors recommending GE’s amended offer to acquire Alstom Energy, to form JVs in selected Energy segments and to strengthen Alstom Transport ‒ Strategic and industrial merits of GE’s amended offer acknowledged unanimously ‒ Financial fairness and favourable legal ter
Slide 3: GE Binding Offer on Energy
GE Binding Offer on Energy GE to Scope: Thermal Power, Renewable Power and Grid sectors, Corporate and shared services, Acquire including all related assets and liabilities Alstom Binding and fixed price of €12.35bn equity value (€11.4bn enterprise value or 13.8x FY14 EBIT) Energy All terms an
Slide 4: Alstom to acquire GE Signalling
Alstom to acquire GE Signalling €600m Enterprise value subject to confirmatory due diligence Acquisition Rationale GE Signalling Overview Reinforcing Alstom global position in Signalling Leading provider of signalling systems and solutions to freight and passenger systems globally ‒ Signalling sal
Slide 5: Alstom to set up Global Rail Alliance with GE
Alstom to set up Global Rail Alliance with GE Memorandum of Understanding between Alstom and GE covering: Commercial support from GE in selected geographies, notably the USA Service by Alstom of GE’s installed base of locomotives in selected geographies outside the USA Assembly by Alstom of GE
Slide 6: Alstom Post Transaction
Alstom Post Transaction Grid Renewable Global Nuclear and Transport (Alstom Grid + GE (Hydro + offshore French Steam Digital Energy) renewable) 100% Ownership 50/50 JVs Sales: €6.2bn Sales: c.€4.9n (1) Sales: c.€1.3bn (1) Sales: c.€1.4bn (1) Employees: c.28,200 Employees: c.21,000 (1) Employees: c.8
Slide 7: Next Steps and Timetable
Next Steps and Timetable Initiating relevant works councils information – consultation Immediately Implementing JVs agreements, Signalling acquisition and global rail alliance Launching Antitrust and regulatory authorizations process Finalization and Signing of acquisition contract and other
Slide 8: Conclusion
Conclusion €12.35bn (equity value) acquisition of Alstom Energy firm and fixed ‒ with unchanged terms and conditions Reinvestment by Alstom of about €2.5bn in 3 Energy JVs ‒ Assuming cash free/debt free balance sheet in the JVs Transport strengthened through Signalling acquisition and global rail al
Slide 9: www.alstom.com
www.alstom.com ALSTOM Shaping the future