Gen Digital Inc. · NASDAQ:GEN
Gen Digital — NortonLifeLock — Merger or Acquisition (January 2022)
13 slides from Gen Digital's merger presentation, Jan 27, 2022
Slide 1: Transaction Update
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. + Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. TRANSACTION UPDATE January 27, 2022
Slide 2: Forward-Looking Statements
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Forward - Looking Statements This presentation contains certain forward - looking statements with respect to NortonLifeLock and Avast. These forward - looking st atements can be identified by the fact that they do not relate only to his
Slide 3: No Offer or Solicitation
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. No Offer or Solicitation This presentation is for information purposes only and is not intended to and does not constitute, or form any part of, an of fer to sell or the solicitation of an offer to subscribe for or an invitation to subs
Slide 4: Notice to U.S. Investors in Avast
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Notice to U.S. Investors in Avast The transaction relates to the acquisition of the securities of an English company, and is expected to be implemented pursuan t t o a scheme of arrangement under English law. A transaction implemented b
Slide 5: No Profit Forecasts or Estimates
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. No Profit Forecasts or Estimates The NortonLifeLock Profit Forecast (see below) is a profit forecast for the purposes of Rule 28 of the UK’s City Code on Take ove rs and Mergers (the “Code”). Other than the NortonLifeLock Profit Forecas
Slide 6: Quantified Financial Benefits Statement
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Quantified Financial Benefits Statement This presentation contains statements of estimated cost savings and synergies arising from the Merger (together, the “Quantif ied Financial Benefits Statement”). A copy of the Quantified Financial
Slide 7: Bases of belief and principal assumptions
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Bases of belief and principal assumptions In preparing the Quantified Financial Benefits Statement, a synergy working group comprising senior strategy, operations, tec hni cal, sales and financial personnel from NortonLifeLock (the “Wor
Slide 8: Reports
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Reports As required by Rule 28.1(a) of the Code, Deloitte, as reporting accountants to NortonLifeLock, and Evercore, as financial adv ise r to NortonLifeLock, have provided the reports required under the Code. Copies of those reports we
Slide 9: Revenue Statements
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Revenue Statements In addition to the NortonLifeLock Profit Forecast (see below), the earnings slides and press release covering NortonLifeLock’s unaudited results for its second financial quarter ended October 1, 2021, which were publi
Slide 10: Assumptions
Copyright © 202 2 NortonLifeLock + Avast . All rights reserved. Assumptions The NortonLifeLock Profit Forecast is based on certain assumptions (including those listed below). Factors outside the influence or control of the NortonLifeLock Directors • There will be no material changes to existing prev
Slide 11: Avast + NortonLifeLock Merger Sources & Uses, Pro Forma Capitalization
10 Avast + NortonLifeLock Merger Sources & Uses Pro Forma Capitalization ▪ Refinancing of the 2022 maturities is not contemplated in the Merger sources and uses ▪ NortonLifeLock has sufficient liquidity, including $1.5 billion of undrawn revolver, to backstop the refinancing of or repay the $400 mil
Slide 12: Avast + NortonLifeLock Term Loan B
11 Avast + NortonLifeLock Term Loan B At Launch - January 13, 2022 Revised - January 27, 2022 Borrower NortonLifeLock, Inc. Same as Prior Guarantors Each existing and wholly - owned restricted subsidiary of the Borrower organized in the United States, other than Excluded Subsidiaries Same as Prior S
Slide 13: Avast + NortonLifeLock Term Loan A
12 Avast + NortonLifeLock Term Loan A At Launch - January 13, 2022 Revised - January 27, 2022 Borrower NortonLifeLock, Inc. Same as Prior Guarantors Each existing and wholly - owned restricted subsidiary of the Borrower organized in the United States , other than Excluded Subsidiaries Same as Prior
NortonLifeLock — Merger or Acquisition (January 2022) on 6ix