ebay Inc. to Acquire GSI Commerce

Size: px
Start display at page:

Download "ebay Inc. to Acquire GSI Commerce"

Transcription

1 ebay Inc. to Acquire GSI Commerce Investor/Analyst Call March 28, 2011

2 Forward-looking statements This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation of those measures to the nearest comparable GAAP measures in the appendix at the end of this presentation This announcement contains forward-looking statements relating to ebay s future performance that are based on its current expectations, forecasts and assumptions. Those statements involve risks and uncertainties, and actual results may differ materially from those predicted or discussed. These statements include, but are not limited to, statements regarding ebay and GSI Commerce and the expected impact of the transaction on ebay s expected financial results for full year 2011 and projected financial outlook. Factors that could cause or contribute to such differences include, but are not limited to, the receipt and timing of regulatory approval for the transaction; the possibility that the transaction may not close; the reaction of consumers and GSI Commerce s customers; the future growth of GSI Commerce; the reaction of competitors to the transaction; the possibility that integration following the transaction may be more difficult than expected; our need to manage regulatory, tax, IP and litigation risks (including risks specific to PayPal, Bill Me Later and the financial industry as well as those risks relating to the transaction itself); the after effects of the global economic downturn; changes in political, business and economic conditions; the impact and integration of recent and future acquisitions; our increasing need to grow revenues from existing users in established markets; an increasingly competitive environment for our businesses; the complexity of managing an increasingly large enterprise, with a broad range of businesses; and our need to upgrade our technology and customer service infrastructure at reasonable cost while adding new features and maintaining site stability. More information about factors that could affect ebay s operating results can be found in the company s most recent annual report on its Form 10-K and its subsequent quarterly reports on Form 10-Q (available at All forward-looking statements are based on information available to ebay on the date hereof, and ebay assumes no obligation to update such statements. 2

3 Executive summary Our key messages from last month s analyst day Commerce market evolving new retail environment retailers looking for help ebay Inc. well positioned with a strong set of assets Two strong core businesses PayPal and Marketplaces with growing synergy Accelerating pace of innovation Expanding opportunity set through open commerce platform Today s announcement the acquisition of GSI Commerce: Extends ebay Inc. s reach with large brands/retailers Brings together complementary capabilities in a manner which strengthens GSI and helps our existing core businesses Extends our open commerce platform capabilities 3

4 Traditional boundaries are blurring On-line Off-line 4

5 Retailers of all sizes must reach new buyers in new ways Multi- channel Sole proprietors Millions of buyers Global competition Small and medium size businesses Pace of innovation Large merchants 5

6 The new retail future: our unique position ebay PayPal Classifieds Buyers Mobile Apps StubHub Sellers Platform Capabilities 6

7 Strengthens our position with large retailers and brands Opportunity* $160B Large merchants $36B Small and medium size businesses $12B Sole proprietors * Source Data: Internal estimates 7

8 Playing offense enabling commerce Commerce Platform to drive innovation across ebay, PayPal and GSIC Separate BU led by Chris Saridakis GSIC to continue focus on leading retailers/brands Commerce Platform drives innovation across ebay, PayPal and GSIC 8

9

10 GSIC a great business Global l Commerce Services Global Marketing Services Commerce Technology Fulfillment Customer Care Full-Service Digital Agencies Webstore Multi- Channel 7 Fulfillment Centers 4 Call Centers Mobile Advertising Order Management ShipQuik Program Telephone / and Affiliate Marketing Technology Operations International 11 Languages Analytics The only company that enables all aspects of multi-channel commerce 10

11 supporting leading brands and retailers Categories Apparel, Accessories & Footwear Appliances & Tools Baby Products Cosmetics & Fragrances Consumer Electronics Entertainment Media General Merchandise Gifts Home Furnishings Jewelry Pets Personal Care Specialty Foods Sporting Goods Toys & Video Games 11

12 Retailers need a partner, not a competitor Retailers need Access to multiple channels to reach customers and generate demand Flexible, customized solutions and ability to keep up with innovation and technology off and on-line A trusted global partner to help them enable growth ebay/gsic offer Global marketplace with access to more than 95M customers, 9M+ SMBs and 180+ large retailers Global, full suite, commerce solutions with on-line, off-line, payments, and mobile capabilities i Investing > $1B in technology annually to build out next generation of products/services The goal: ebay/gsic combination as the strategic t commerce partner of choice 12

13 Commitment to best in class platform GSI s Enhanced Platform V11 Cutting-edge site management tools Enhanced promotions capability Integration architecture Operationally efficient Data-driven store configuration Together, we can make it even better Future vx Commerce OS leveraging g best of GSI and ebay s platforms Key offerings as services fulfillment, inventory management, promotions, etc Leverage developer network to iterate and improve platform Most cost-effective less intensive to maintain to help retailers to grow their business 13

14 with some near-term opportunities to enhance GSIC s platform Local Shopping Mobile Capabilities Mobile Development $1B+ combined R&D spend 14

15 In summary, GSIC 2013 Outlook* Revenue $1.1B to $1.3B Key growth drivers Comp growth led by multi- channel, new clients, geographic expansion, new products Direct segment margin 19% to 21%** * Assumes closing of the proposed transaction and the planned divestitures ** Consistent with GSI Commerce s definition of Non-GAAP income from operations, or NGIO 15

16

17 Today s announcement ebay to acquire GSIC for $29.25 per share ($2.4B), financed with cash and debt and expected to close in the 3 rd quarter GSIC is a leading, full service provider of on-line commerce solutions and interactive marketing services for brands and retailers We believe the combination of ebay and GSIC enhances ebay s position as the strategic commerce partner of choice for leading retailers and consumer brands Simultaneous with closing, we expect to sell certain businesses of GSIC that are not core to our long-term strategy to an entity formed by GSIC s current CEO, Michael Rubin, while retaining a financial interest in certain of them Assuming we close in mid 3 rd quarter, we expect the acquisition to be immaterial to our 2011 non-gaap EPS guidance announced January 19 th and have ea$030 $ $0.34 negative impact to our 2011 GAAP EPS guidance, including a GAAP charge primarily related to the divested GSIC businesses Using our balance sheet to enhance ebay s position as the strategic commerce partner of choice 17

18 Structure of transaction enables us to acquire highly strategic assets... Acquiring Wholeco Divesting Assets for ~ $0.6B Retaining Strategic Assets Licensed Sports Merchandise 100% $0.5B (1) 70% 30% ownership +ROFR $1.4B (1) GSIC 70% Global Marketing Services ~$0.2B (1) Consideration (3) $467M Loan from ebay $31M Cash Global ~$0.7B (1) ecommerce Services (1) 2010 Revenue ~$0.9B (2) (2) Includes approximately $170M of revenue associated with owned inventory model that will be transitioned away by 2013 (3) Excludes value of retained minority stakes in Rue La La and ShopRunner 18

19 Our framework for growth Protect and Expand Plant and extend core Adjacencies Grow Seeds businesses Leverage our platform... and balance sheet 19

20 Synergistic Value Framework Enhance GSI Platform Revenue ~$1.2B Expand large merchant Extend PayPal / BML reach presence on ebay platform on GSIC a ~$3.5B platform Merchant coverage ~$0.9B (1) E ebay Synergies Leverage platform capabilities Global expansion Reduce G&A / payment processing costs Consumer preference 13 Est. Synergies ~$60M+ (1) Includes approximately $170M of revenue associated with owned inventory model expected to be transitioned away by

21 Our revised 3 year outlook to 2013* Revenue $6B - $7B $7B - $8B $1.1B - $1.3B Key growth drivers Direct segment margin Consumer Preferences, Merchant coverage, New Products, New Markets Tailored shopping experiences, Local C2C strength, global tickets, Mobile, Offline, Platform 24% to 26%** 38% to 42%** Comp growth led by multi-channel, new clients, geographic expansion, New products 19% to 21%*** ** Direct segment margin does not include ~3 points of corporate overhead for PayPal and ebay * Assumes closing of the proposed transaction and the planned divestitures *** Consistent with GSI Commerce s definition of Non-GAAP income from operations, or NGIO 21

22 Our revised aspirations for 2013* Revenue Goal $14.1B 1B - $16.3B Revenue Goal 2013 Non-GAAP EPS CAGR ** 12% - 16% Free Cash Flow*** $8.0B - $9.0B * Assumes closing of the proposed transaction and the planned divestitures **CAGR is measured using 2010 as the bases ***Reconciliation in the appendix 22

23 Executive summary Our key messages from last month s analyst day Commerce market evolving new retail environment retailers looking for help ebay Inc. well positioned with a strong set of assets Two strong core businesses PayPal and Marketplaces with growing synergy Accelerating pace of innovation Expanding opportunity set through open commerce platform Today s announcement the acquisition of GSI Commerce: Extends ebay Inc. s reach with large brands/retailers Brings together complementary capabilities in a manner which strengthens GSI and helps our existing core businesses Extends our open commerce platform capabilities 23

24 Appendix 24

25 Reconciliation of FY2011-FY2013 Free Cash Flow (FCF) projection Reconciliation of Operating Cash Flow to Free Cash Flow 3 Years Total (in Billions) FY FY2013 GAAP operating cash flow $ $10.7B - $12.0B Purchases of property and equipment, net ($2.7B - $3.0B) Free cash flow $ $8.0B to $9.0B

Highlights. July 20, 2011

Highlights. July 20, 2011 Q2-11 Financial Highlights July 20, 2011 This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation of those measures to the nearest comparable

More information

Q3 2014 Financial Highlights. October 15, 2014

Q3 2014 Financial Highlights. October 15, 2014 October 15, 2014 This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation of these measures to the nearest comparable GAAP measures in the appendix

More information

Q3 2013 Financial Highlights. October 16, 2013

Q3 2013 Financial Highlights. October 16, 2013 October 16, 2013 This presentation contains non-gaap measures relating to the company's performance. You can find the reconciliation of these measures to the nearest comparable GAAP measures in the appendix

More information

INVESTOR PRESENTATION. June 8, 2015

INVESTOR PRESENTATION. June 8, 2015 INVESTOR PRESENTATION June 8, 2015 Forward Looking Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the

More information

ebay Inc. Reports Second Quarter Results

ebay Inc. Reports Second Quarter Results July 16, 2014 Reports Second Quarter Results Enabled Commerce Volume Growth of 26% Revenue Growth of 13% Company Buys Back $1.7 Billion in Stock GAAP and Non-GAAP EPS Growth of 9% SAN JOSE, Calif.--(BUSINESS

More information

ebay Inc. generated $738.2 million of operating cash flow during the third quarter. Free cash flow during the quarter was $563.5 million.

ebay Inc. generated $738.2 million of operating cash flow during the third quarter. Free cash flow during the quarter was $563.5 million. ebay INC. REPORTS THIRD QUARTER 2009 RESULTS San Jose, Calif., October 21, 2009 ebay Inc. (Nasdaq: EBAY) today reported financial results for the third quarter ended September 30, 2009. The e-commerce

More information

ebay Inc. Reports Fourth Quarter and Full Year 2013 Results

ebay Inc. Reports Fourth Quarter and Full Year 2013 Results January 22, 2014 Reports Fourth Quarter and Full Year 2013 Results Volume Accelerated to 21% for Full Year Revenue Growth 14% for Full Year Non-GAAP Earnings Growth 15% for Full Year Company announces

More information

Driving Shareholder Value

Driving Shareholder Value Driving Shareholder Value Business Model and Capital Allocation Strategy Wolfgang Nickl CFO, Western Digital September 13, 2012 SAFE HARBOR Forward-Looking Statements This presentation contains forward-looking

More information

Q4 and FY 2015 Financial Highlights

Q4 and FY 2015 Financial Highlights Leading the Automation of Advertising Q4 and FY 2015 Financial Highlights February 23, 2016 Safe harbor Forward-Looking Statements These materials include forward-looking statements concerning or implying

More information

First Quarter 2015 Earnings Conference Call. April 28, 2015

First Quarter 2015 Earnings Conference Call. April 28, 2015 First Quarter 2015 Earnings Conference Call April 28, 2015 Forward-looking Statements This presentation contains forward-looking statements. These forward-looking statements include statements related

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION NASDAQ: PFSW 2014 PFSweb, Inc. www.pfsweb.com May 2014 CAUTIONS REGARDING FORWARD LOOKING STATEMENTS The matters discussed in this presentation, particularly information regarding

More information

Midwest Investment Conference

Midwest Investment Conference June 22 2016 Midwest Investment Conference Lee D. Rudow President and CEO Michael J. Tschiderer Chief Financial Officer 1 Safe Harbor Statement This presentation contains forward looking statements within

More information

Q4 2009 Financial Results Conference Call Slides

Q4 2009 Financial Results Conference Call Slides Q4 2009 Financial Results Conference Call Slides This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results could differ materially for a variety

More information

William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer

William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer William Blair Growth Stock Conference June 12, 2013 Scott Settersten, Chief Financial Officer Presentation Name, Month XX, 2012 Safe Harbor Statement This presentation contains forward-looking statements

More information

Earnings Webcast & Conference Call

Earnings Webcast & Conference Call November 5, 2015 Earnings Webcast & Conference Call First Quarter FY 2016 2014 1 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives

More information

Q1-2014 Financial Results Conference Call

Q1-2014 Financial Results Conference Call May XX 9th March 2014 2013 Q1-2014 Financial Results Conference Call 2 Speakers Live Dial-in Information Replay Dial-in Information Q4-2013 Conference and webcast details David Reis Erez Simha CEO CFO

More information

WILLIAMS-SONOMA, INC.

WILLIAMS-SONOMA, INC. WILLIAMS-SONOMA, INC. 3250 Van Ness Avenue San Francisco, CA 94109 CONT: Julie P. Whalen EVP, Chief Financial Officer (415) 616-8524 Gabrielle L. Rabinovitch Vice President, Investor Relations (415) 616-7727

More information

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3 August 7, 2013 Page 1 Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those

More information

3 rd Quarter 2014 Earnings Conference Call Transcript

3 rd Quarter 2014 Earnings Conference Call Transcript 3 rd Quarter 2014 Earnings Conference Call Transcript Overview*: BDC reported 3Q14 consolidated revenues of $613.1M, income from continuing operations of $50.4M and diluted EPS from continuing operations

More information

Fourth Quarter & Fiscal 2013 Business Update. February 26, 2014

Fourth Quarter & Fiscal 2013 Business Update. February 26, 2014 Fourth Quarter & Fiscal 2013 Business Update February 26, 2014 Fourth Quarter 2013 Highlights $ in millions, except EPS +12% Adjusted Operating Income* (Adjusted Operating Margin) Adjusted EPS* +10% $689.3

More information

AT&T to Acquire DIRECTV May 19, 2014

AT&T to Acquire DIRECTV May 19, 2014 AT&T to Acquire DIRECTV May 19, 2014 2014 AT&T Intellectual Property. All rights reserved. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T

More information

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015

EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 EUROPE S LEADING ONLINE FASHION DESTINATION Q4 / Full-Year 2014 Earnings Call 5 March 2015 Results highlights and business update 1 CONTINUED CLEAR FOCUS ON EXECUTION Strong revenue growth outperforms

More information

Q4 & Full Year 2015 Earnings Call Investor Slides. February 11, 2016

Q4 & Full Year 2015 Earnings Call Investor Slides. February 11, 2016 Q4 & Full Year Earnings Call Investor Slides February 11, 2016 Non-GAAP Disclaimer The financial results disclosed in this presentation include certain measures calculated and presented in accordance with

More information

Wealth Management and Securities Services

Wealth Management and Securities Services U.S. Bancorp Investor Day Wealth Management and Securities Services Terry Dolan Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following information appears

More information

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER

HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE QUARTER FOR IMMEDIATE RELEASE CONTACT: Maria C. Duey Vice President, Corporate Development & Investor Relations (248) 593-8810 mduey@horizonglobal.com HORIZON GLOBAL DELIVERS PROFIT IMPROVEMENT FOR THIRD CONSECUTIVE

More information

Art Technology Group Investor Presentation February 2007. Bob Burke, CEO Julie Bradley, CFO

Art Technology Group Investor Presentation February 2007. Bob Burke, CEO Julie Bradley, CFO Art Technology Group Investor Presentation February 2007 Bob Burke, CEO Julie Bradley, CFO Safe Harbor This presentation contains forward-looking statements within the meaning of the Private Securities

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

Fiscal Q Supplemental Financial Information

Fiscal Q Supplemental Financial Information Supplemental Financial Information Fiscal Q4 2015 (quarter ended July 3, 2015) July 31, 2015 Fiscal Q1 2016 Supplemental Financial Information October 30, 2015 1 Safe Harbor Statement This document contains

More information

FY15: A Very Good Year

FY15: A Very Good Year FY15: A Very Good Year Bullets Gifting Leader: Driving Growth 1 1 Multi-Brand, Omni-Channel, Customer Centric 2 FLWS: A Compelling Investment Opportunity Unique family of iconic gourmet and floral gift

More information

Zynga Q1 14 Financial Results April 23, 2014

Zynga Q1 14 Financial Results April 23, 2014 Zynga Q1 14 Financial Results April 23, 2014 1 Table of Contents Discussion of Q1 14 Performance Q2 14 and FY2014 Financial Outlook GAAP to Non-GAAP Reconciliation 2 Management Team Don Mattrick Chief

More information

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015

Mitel Q3 2015 Earnings Call Presentation. November 5, 2015 Mitel Q3 2015 Earnings Call Presentation November 5, 2015 Safe Harbor Statement Forward Looking Statements This presentation contains projections and other forward-looking statements regarding future events

More information

So with these formalities out of the way, I d now like to turn the call over to our Co-Founder and CEO, Avishai Abrahami.

So with these formalities out of the way, I d now like to turn the call over to our Co-Founder and CEO, Avishai Abrahami. Wix.com Second Quarter 2014 Earnings Call Transcript August 6, 2014 Joe Pollaro, VP Strategic Partnerships and Investor Relations Good morning. I d like to welcome everyone to today s call to discuss Wix

More information

ONEBEACON REPORTS $11.13 BOOK VALUE PER SHARE

ONEBEACON REPORTS $11.13 BOOK VALUE PER SHARE NEWS RELEASE For Immediate Release Investor Relations Media Contact: Paul McDonough Carmen Duarte Phone: 952.852.6020 781.332.7268 Email: ir@onebeacon.com cduarte@onebeacon.com Website: www.onebeacon.com

More information

Authorize.Net Investor Overview. Wedbush Morgan 5 th Annual Conference May 2007

Authorize.Net Investor Overview. Wedbush Morgan 5 th Annual Conference May 2007 Authorize.Net Investor Overview Wedbush Morgan 5 th Annual Conference May 2007 Safe Harbor Statement Certain statements herein and in any accompanying presentation that are not historical facts including,

More information

Bob Carrigan March 10, 2014. Credit Suisse 16 th Annual Global Services Conference. D&B Growth Strategy

Bob Carrigan March 10, 2014. Credit Suisse 16 th Annual Global Services Conference. D&B Growth Strategy Bob Carrigan March 10, 2014 Credit Suisse 16 th Annual Global Services Conference D&B Growth Strategy Dun & Bradstreet March 2014 Forward looking statements and non-gaap measures This presentation contains

More information

1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer

1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer VlpHU09DSUQyMDE1UTE= VlpHU09DSUQyMDE1UTE= 1 st QUARTER 2015 EARNINGS RESULTS Fran Shammo Chief Financial Officer April 21, 2015 Safe Harbor Statement NOTE: In this presentation we have made forward-looking

More information

NetSuite: Global Leader in Cloud ERP

NetSuite: Global Leader in Cloud ERP NetSuite: Global Leader in Cloud ERP NYSE : N As of April 28, 2015 Safe Harbor Statement This presentation contains forward-looking statements that involve risks, uncertainties and assumptions relating

More information

Mitel. Powering connections

Mitel. Powering connections Mitel Powering connections TD Securities - Technology Care Investor Conference November 19, 2014 Safe Harbor Statement Forward Looking Statements Some of the statements in this presentation are forward-looking

More information

Lockheed Martin Corporation

Lockheed Martin Corporation Lockheed Martin Corporation Portfolio Shaping Actions & 2 nd Quarter 2015 Financial Results July 20, 2015 11:00 am EDT Webcast login at www.lockheedmartin.com/investor Webcast replay & podcast available

More information

CB Richard Ellis Group, Inc. Investor Presentation

CB Richard Ellis Group, Inc. Investor Presentation CB Richard Ellis Group, Inc. Investor Presentation February 2009 Forward Looking Statements This presentation contains statements that are forward looking within the meaning of the Private Securities Litigation

More information

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 DISCLAIMER This presentation contains, in addition to historical information, certain forward-looking statements within the meaning

More information

FISCAL Q SUPPLEMENTAL FINANCIAL INFORMATION

FISCAL Q SUPPLEMENTAL FINANCIAL INFORMATION FISCAL Q2 2016 SUPPLEMENTAL FINANCIAL INFORMATION Safe Harbor Statement This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E

More information

ASCENT. Investor Presentation March 2016 A S C E N T. March 2016 1 CAPITAL GROUP INC

ASCENT. Investor Presentation March 2016 A S C E N T. March 2016 1 CAPITAL GROUP INC ASCENT Investor Presentation March 2016 3 March 2016 1 Forward Looking Statements This presentation contains or may contain certain forward-looking statements within the meaning of the Private Securities

More information

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3

Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Siddharth Rajeev, B.Tech, MBA, CFA Analyst November 5, 2015 Trxade Group, Inc. (TCQB: TRXD): Record Revenues in Q3 Sector/Industry: E-commerce Market Data (as of November 5, 2015) Current Price $1.15 Fair

More information

Riverbed Technology Announces Intent to Acquire OPNET Technologies. October 29, 2012

Riverbed Technology Announces Intent to Acquire OPNET Technologies. October 29, 2012 1 Riverbed Technology Announces Intent to Acquire OPNET Technologies October 29, 2012 Acquisition of OPNET Key Facts 2 Purchase price $43 per share; enterprise value of $921 Million Acquisition funded

More information

NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION

NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION NEWS ANNOUNCEMENT FOR IMMEDIATE RELEASE NEXSTAR BROADCASTING THIRD QUARTER NET REVENUE INCREASES 21.1% TO RECORD $73.1 MILLION - Third Quarter Operating Income Rises to $12.9 Million; BCF Increases 54.5%;

More information

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion*

Ford Credit Earns Full-Year 2014 Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion* Ford Credit Earns Full-Year Pre-Tax Profit of $1.9 Billion; Net Income of $1.7 Billion* DEARBORN, Mich., Jan. 29, 2015 Ford Motor Credit Company reported a pre-tax profit of $1.9 billion in, its highest

More information

Analyst Conference Call

Analyst Conference Call Acquisition iti of fastral Analyst Conference Call March 16, 2012 Safe harbour notice Certain statements made in this presentation including, but not limited to, statements relating to the proposed acquisition

More information

NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016

NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016 NEWS CORPORATION REPORTS SECOND QUARTER RESULTS FOR FISCAL 2016 FISCAL 2016 SECOND QUARTER KEY FINANCIAL HIGHLIGHTS Revenues of $2.16 billion compared to $2.26 billion in the prior year; Excluding the

More information

Consumer and Small Business Banking

Consumer and Small Business Banking U.S. Bancorp Investor Day Consumer and Small Business Banking John Elmore, Vice Chairman Kent Stone, Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following

More information

Accelerating for the future. Amer Sports CMD 2014 // Heikki Takala, President & CEO

Accelerating for the future. Amer Sports CMD 2014 // Heikki Takala, President & CEO Accelerating for the future // Heikki Takala, President & CEO Amer Sports Sustainable Growth Model (SGM) We pursue a Sustainable Growth Model: profitable growth and healthy balance sheet. Our SGM consists

More information

Broadridge Financial Solutions, Inc. Investor Presentation

Broadridge Financial Solutions, Inc. Investor Presentation February 2016 Broadridge Financial Solutions, Inc. Investor Presentation Forward-Looking Statements The Broadridge February 2016 Investor Presentation and other written or oral statements made from time

More information

U.S. Bancorp Investor Day. Payment Services. Pamela Joseph Vice Chairman. September 12, 2013

U.S. Bancorp Investor Day. Payment Services. Pamela Joseph Vice Chairman. September 12, 2013 U.S. Bancorp Investor Day Payment Services Pamela Joseph Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following information appears in accordance with the

More information

Veritiv Corporation 2Q14 Financial Results. August 13, 2014

Veritiv Corporation 2Q14 Financial Results. August 13, 2014 Veritiv Corporation 2Q14 Financial Results August 13, 2014 Safe Harbor Provision Certain statements contained in this presentation regarding Veritiv Corporation s (the Company ) future operating results,

More information

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings

Performance Food Group Company Reports First-Quarter Fiscal 2016 Earnings NEWS RELEASE For Immediate Release November 4, 2015 Investors: Michael D. Neese VP, Investor Relations (804) 287-8126 michael.neese@pfgc.com Media: Joe Vagi Manager, Corporate Communications (804) 484-7737

More information

Symantec to Acquire Clearwell Systems, Inc. May 19, 2011

Symantec to Acquire Clearwell Systems, Inc. May 19, 2011 Symantec to Acquire Clearwell Systems, Inc. May 19, 2011 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of U.S. federal securities laws, including

More information

GTECH Acquisition of IGT

GTECH Acquisition of IGT GTECH Acquisition of IGT Creating the World s Leading End-to-End Gaming Company July 16, 2014 Forward-looking Statements This presentation contains forward-looking statements (including within the meaning

More information

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer

Sanford C. Bernstein Strategic Decisions Conference. May 2014. Tom Lynch Chairman and Chief Executive Officer Sanford C. Bernstein Strategic Decisions Conference May 2014 Tom Lynch Chairman and Chief Executive Officer FORWARD-LOOKING STATEMENTS AND NON-GAAP MEASURES Forward-Looking Statements -- This presentation

More information

Belden. Leading the Way to an Interconnected World. December 2015. 2015 Belden Inc. belden.com @BeldenInc

Belden. Leading the Way to an Interconnected World. December 2015. 2015 Belden Inc. belden.com @BeldenInc Belden Leading the Way to an Interconnected World December 2015 2015 Belden Inc. belden.com @BeldenInc Leading The Way to an Interconnected World Delivering highly-engineered signal transmission solutions

More information

Management Commentary. Second Quarter 2015 Results

Management Commentary. Second Quarter 2015 Results Management Commentary Second Quarter 2015 Results The RetailMeNot, Inc. ( RetailMeNot ) earnings call will begin on August 5, 2015 at 7:00am central time (8:00am eastern time) and will include prepared

More information

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014

Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 FOR IMMEDIATE RELEASE Burlington Stores, Inc. Announces Operating Results for the Fourth Quarter and Fiscal Year Ended February 1, 2014 Comparable store sales increased 4.0% and 4.7%, for the fourth quarter

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA

More information

Powering Global Commerce. Company Overview May 2015

Powering Global Commerce. Company Overview May 2015 Powering Global Commerce Company Overview May 2015 Disclaimer Forward-looking Statements. Use of Non-GAAP financial measures 2 This presentation and comments made by management contain forward-looking

More information

FY15 Supplemental Information January 5, 2016

FY15 Supplemental Information January 5, 2016 FY15 Supplemental Information January 5, 2016 Safe Harbor This document contains certain forward-looking statements. These statements are based on the company s current expectations as to the outcome and

More information

Lexmark / Bernstein Research Investor Video Conference

Lexmark / Bernstein Research Investor Video Conference Lexmark / Bernstein Research Investor Video Conference February 27, 2014 Transforming to a Higher Value Portfolio Safe Harbor Statement The contents of this presentation that are not statements of historical

More information

Safe Harbor Provision

Safe Harbor Provision Q2 2015 Safe Harbor Provision In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors

More information

Walmart reports Q1 FY 16 EPS of $1.03

Walmart reports Q1 FY 16 EPS of $1.03 Walmart reports Q FY 6 EPS of.03 Q diluted EPS from continuing operations was.03, within guidance of 0.95 to.0. Currency negatively impacted EPS by approximately 0.03. Walmart U.S..% comp includes positive

More information

Canadian Tire Corporation 2014 Second Quarter Financial Results

Canadian Tire Corporation 2014 Second Quarter Financial Results Canadian Tire Corporation 2014 Second Quarter Financial Results August 7, 2014 Forward looking information This document contains forward-looking statements that reflect management s current expectations

More information

SAP The World s Leading Business Software Company

SAP The World s Leading Business Software Company SAP The World s Leading Business Software Company Luka Mucic, Member of the Executive Board of SAP SE, CFO and COO, SAP SE Munich, September 24, 2014 Safe Harbor Statement Any statements contained in this

More information

EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2015

EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2015 21ST CENTURY FOX REPORTS FIRST QUARTER INCOME FROM CONTINUING OPERATIONS PER SHARE OF $0.34 AND FIRST QUARTER TOTAL SEGMENT OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION OF $1.54 BILLION ON TOTAL

More information

Healthcare Divestiture Questions & Answers

Healthcare Divestiture Questions & Answers Healthcare Divestiture Questions & Answers 1. Why are you selling the Healthcare business? We have been evaluating Healthcare's position for several years as we sought ways to efficiently build scale and

More information

4Q15 Earnings February 2016

4Q15 Earnings February 2016 4Q15 Earnings February 2016 Forward-Looking Statements The statements contained in this presentation that refer to plans and expectations for the next quarter, the full year or the future are forward-looking

More information

Third quarter fiscal year 2015 Thursday, November 13, 2014

Third quarter fiscal year 2015 Thursday, November 13, 2014 Third quarter fiscal year 2015 Thursday, November 13, 2014 The information presented in these slides forms a part of and is intended for use solely in connection with the management earnings call that

More information

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies

Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Hewlett-Packard Separation Will Create Two New Industry-Leading Public Companies Investor Presentation October 6, 2014 Safe harbor This presentation contains forward-looking statements that involve risks,

More information

2015 Second Quarter Earnings Conference Call. Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT

2015 Second Quarter Earnings Conference Call. Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT 2015 Second Quarter Earnings Conference Call Dante C. Parrini, Chairman & CEO John P. Jacunski, EVP & CFO August 4, 2015 NYSE: GLT Forward-Looking Statements and Use of Non-GAAP Financial Measures Any

More information

T-MOBILE USA REPORTS SECOND QUARTER OF 2011 RESULTS

T-MOBILE USA REPORTS SECOND QUARTER OF 2011 RESULTS T-MOBILE USA REPORTS SECOND QUARTER OF RESULTS Adjusted OIBDA of $1.3 billion in the second quarter of, up from $1.2 billion in the first quarter of but down from $1.4 billion in the second quarter of

More information

CUMULUS MEDIA INC. Cumulus Reports Operating Results for Third Quarter 2015

CUMULUS MEDIA INC. Cumulus Reports Operating Results for Third Quarter 2015 CUMULUS MEDIA INC. Cumulus Reports Operating Results for Third Quarter 2015 ATLANTA, GA November 5, 2015: Cumulus Media Inc. (NASDAQ: CMLS) (the Company, we, us, or our ) today announced operating results

More information

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB

Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB Superior Plus Corp. Annual General Meeting April 28, 2016 TSX: SPB www.superiorplus.com Forward-Looking Statements and Information This presentation is for information purposes only and is not intended

More information

Fourth Quarter 2015 Earnings Release February 3, 2016

Fourth Quarter 2015 Earnings Release February 3, 2016 Fourth Quarter 2015 Earnings Release February 3, 2016 Alexander M. Cutler Forward-looking Statements and Non-GAAP Financial Information This presentation or the comments we make on our call today contain

More information

Investor Presentation

Investor Presentation Investor Presentation November 2015 Forward Looking Statements This presentation contains statements regarding the pending sale of our information management business to The Carlyle Group, which may be

More information

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Steve Virostek Investor Relations CSC 703-641-3000 investorrelations@csc.com CSC

More information

Second Quarter 2015 Earnings Presentation

Second Quarter 2015 Earnings Presentation Second Quarter 2015 Earnings Presentation July 30, 2015 Forward Looking Statement This presentation includes forward-looking statements, which are statements that frequently use words such as "anticipate,"

More information

ITW Conference Call Third Quarter 2013

ITW Conference Call Third Quarter 2013 ITW Conference Call Third Quarter 2013 October 22, 2013 SOLID GROWTH. STRONG RETURNS. BEST-IN-CLASS OPERATOR. Forward-Looking Statements Safe Harbor Statement This conference call contains forward-looking

More information

The Sherwin-Williams Company Reports 2016 First Quarter Financial Results

The Sherwin-Williams Company Reports 2016 First Quarter Financial Results The Sherwin-Williams Company Reports 2016 First Quarter Financial Results First quarter consolidated net sales increased 5.1% to a record $2.57 billion; Net sales from stores open more than twelve calendar

More information

First quarter 2014 results. May 28, 2014

First quarter 2014 results. May 28, 2014 First quarter 2014 results May 28, 2014 Group highlights Q1 2014 Business and strategic highlights Decision to roll out program in the United States to improve customer proposition Stabilized market share

More information

17 th Annual ICR XChange Conference January 12, 2015

17 th Annual ICR XChange Conference January 12, 2015 17 th Annual ICR XChange Conference January 12, 2015 safe harbor This presentation contains forward-looking statements. Such statements are intended to qualify for the protection of the safe harbor provided

More information

Autobytel 2014 Q4 Results NASDAQ: ABTL February 26, 2015

Autobytel 2014 Q4 Results NASDAQ: ABTL February 26, 2015 Autobytel 2014 Q4 Results NASDAQ: ABTL February 26, 2015 Copyright 2015 Autobytel Inc. Safe Harbor Statement and Non-GAAP Disclosures The statements made in the accompanying conference call or contained

More information

DEUTSCHE TELEKOM Q3/14 Results

DEUTSCHE TELEKOM Q3/14 Results DEUTSCHE TELEKOM Results DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forwardlooking

More information

FISCAL Q3 2016 SUPPLEMENTAL FINANCIAL INFORMATION

FISCAL Q3 2016 SUPPLEMENTAL FINANCIAL INFORMATION FISCAL Q3 2016 SUPPLEMENTAL FINANCIAL INFORMATION April 29, 2016 Safe Harbor Statement This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933

More information

September Quarter 2014 Results

September Quarter 2014 Results September Quarter Results November 4, Disclaimer This presentation contains forward-looking statements. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation

More information

Acquisitions to accelerate expansion in US payments market. 1 July 2014

Acquisitions to accelerate expansion in US payments market. 1 July 2014 Acquisitions to accelerate expansion in US payments market 1 July 2014 Agenda 1. Transaction overview 2. Deal structure & financing 3. Financial position 4. Summary Presentation team Joel Leonoff President

More information

Jefferies Healthcare Conference

Jefferies Healthcare Conference Jefferies Healthcare Conference Marc Naughton Executive Vice President and Chief Financial Officer June 2, 2015 Safe Harbor Statement This presentation may contain forward-looking statements, including

More information

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013

Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry. February 20, 2013 Creating a Stronger, More Efficient Competitor Able to Meet Growing Challenges of a Rapidly Changing Industry February 20, 2013 Discussion of Forward-Looking Statements OFFICE DEPOT SAFE HARBOR STATEMENT

More information

First Quarter 2015 Earnings Conference Call. May 12, 2015

First Quarter 2015 Earnings Conference Call. May 12, 2015 First Quarter 2015 Earnings Conference Call May 12, 2015 Forward Looking Statements Statements made in this presentation that relate to our future performance or future financial results or other future

More information

Thomas A. Bessant, Jr. (817) 335-1100

Thomas A. Bessant, Jr. (817) 335-1100 Additional Information: Thomas A. Bessant, Jr. (817) 335-1100 For Immediate Release ********************************************************************************** CASH AMERICA FIRST QUARTER NET INCOME

More information

4 th Quarter 2011 Earnings Results

4 th Quarter 2011 Earnings Results 4 th Quarter 2011 Earnings Results Fran Shammo Chief Financial Officer January 24, 2012 Safe Harbor Statement NOTE: This presentation contains statements about expected future events and financial results

More information

2015 Fourth Quarter and Full Year Results Acquisition of TransFirst

2015 Fourth Quarter and Full Year Results Acquisition of TransFirst Acquisition of TransFirst January 26, 2016 2016 Total System Services, Inc. All rights reserved worldwide. > CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains statements that

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1. FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance

More information

SYMANTEC CORPORATION 4Q13 and FY13 RESULTS PREPARED REMARKS

SYMANTEC CORPORATION 4Q13 and FY13 RESULTS PREPARED REMARKS Introduction Helyn Corcos, Vice President Investor Relations Good afternoon and thank you for joining our call to discuss our fourth quarter and fiscal year 2013 results. With me today are Steve Bennett,

More information