SPEB Spectrum Brands Feb 2010 Merger Presentation
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Transcript of SPEB Spectrum Brands Feb 2010 Merger Presentation
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8/14/2019 SPEB Spectrum Brands Feb 2010 Merger Presentation
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emrfmr wjtb
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8/14/2019 SPEB Spectrum Brands Feb 2010 Merger Presentation
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Jeparthkt JklarehtjakLATVHTO-CAAIJKF W_H_MEMK_W
Gmrthjk ehttmrs ojsgussmo jk tbjs prmsmkthtjak, wjtb tbm mxgmptjak al bjstarjghc ehttmrs, ehy dm larwhro-caaijkf sthtmemkts wjtbjk tbm emhkjkf al tbm ^rjvhtm Wmgurjtjms Cjtjfhtjak Tmlare Hgtal 8::=. _bmsm sthtmemkts hrm sud`mgt ta h kuedmr al rjsis hko ukgmrthjktjms tbht gauco ghusm rmsucts ta ojllmr ehtmrjhccy lrae tbasm hktjgjphtmo hs al tbm ohtm al tbjs prmsmkthtjak. Hgtuhcrmsucts ehy ojllmr ehtmrjhccy hs h rmsuct al (8) Wpmgtrue Drhkos hdjcjty ta ehkhfm hko atbmrwjsm gaepcy wjtb jts gavmkhkts wjtb rmspmgt ta jts sjfkjljghkt autsthkojkf jkomdtmokmss, (4)Wpmgtrue Drhkos hdjcjty ta jomktjly, omvmcap hko rmthjk imy mepcaymms, (7) rjsis tbht gbhkfms hko omvmcapemkts jk mxtmrkhc gaepmtjtjvm ehrimt lhgtars, sugb hs jktraougtjak al kmw praougtlmhturms ar tmgbkacafjghc omvmcapemkts, omvmcapemkt al kmw gaepmtjtars ar gaepmtjtjvm drhkos ar gaepmtjtjvm praeatjakhc hgtjv jty ar spmkojkf, (?) gbhkfms jk gaksuemr omehko lar tbmvhrjaus typms al praougts Wpmgtrue Drhkos allmrs, (=) uklhvarhdcm omvmcapemkts jk tbm fcadhc grmojt ehrimts, () uklhvarhdcm wmhtbmr gakojtjaks hko vhrjausatbmr rjsis hko ukgmrthjktjms, jkgcuojkf tbasm ojsgussmo bmrmjk hko tbasm smt lartb jk Wpmgtrue Drhkos smgurjtjms ljcjkfs, jkgcuojkf tbm east rmgmktcy ljcmo Hkkuhc Tmpart ak Lare 8>-I arXuhrtmrcy Tmparts ak Lare 8>-X. Wpmgtrue Drhkos hcsa ghutjaks tbm rmhomr tbht jts mstjehtms al trmkos, ehrimt sbhrm, rmthjc gaksueptjak al jts praougts hko rmhsaks lar gbhkfms jk sugbgaksueptjak hrm dhsmo sacmcy ak cjejtmo ohth hvhjchdcm ta Wpmgtrue Drhkos hko ehkhfmemkts rmhsakhdcm hssueptjaks hdaut ehrimt gakojtjaks, hko gaksmqumktcy ehy dm jkhggurhtm, arehy kat rmlcmgt sjfkjljghkt smfemkts al tbm rmthjc ehrimt.
Wpmgtrue Drhkos hcsa ghutjaks tbm rmhomr tbht ukoum rmcjhkgm sbauco kat dm pchgmo ak hky larwhro-caaijkf sthtmemkts, wbjgb spmhi akcy hs al tbm ohtm al tbjs prmsmkthtjak. WpmgtrueDrhkos ukomrthims ka outy ar rmspaksjdjcjty ta upohtm hky al tbmsm larwhro-caaijkf sthtmemkts ta rmlcmgt mvmkts ar gjrguesthkgms hltmr tbm ohtm al tbjs prmsmkthtjak ar ta rmlcmgt hgtuhcautgaems.
Jk hoojtjak, tbm laccawjkf lhgtars, heakf atbmrs, gauco ghusm hgtuhc rmsucts ta ojllmr ehtmrjhccy lrae tbasm smt lartb jk tbm larwhro-caaijkf sthtmemkts0 tbm lhjcurm al Wpmgtrue Drhkosstagibacomrs hko Tussmcc Badds stagibacomrs ta hppravm tbjs trhkshgtjak9 tbm rjsi tbht tbm dusjkmssms wjcc kat dm jktmfrhtmo suggmssluccy9 tbm rjsi tbht sykmrfjms wjcc kat dm rmhcjzmo9 tbm rjsitbht rmqujrmo gaksmkts wjcc kat dm adthjkmo9 tbm rjsi tbht tbm gaedjkmo gaephky laccawjkf tbjs trhkshgtjak wjcc kat rmhcjzm ak jts ljkhkgjkf strhtmfy cjtjfhtjak jk rmspmgt al mjtbmr gaephky artbjs trhkshgtjak9 hko ojsruptjak lrae tbjs trhkshgtjak ehijkf jt earm ojlljguct ta ehjkthjk gmrthjk strhtmfjg rmchtjaksbjps. Hoojtjakhc lhgtars tbht ehy hllmgt luturm rmsucts hko gakojtjaks hrm
omsgrjdmo jk Wpmgtrue Drhkos ljcjkfs wjtb tbm WMG, wbjgb hrm hvhjchdcm ht tbm WMGs wmd sjtm ht www.smg.fav ar ht Wpmgtrue Drhkos wmdsjtm ht www.spmgtruedrhkos.gae.
_bm laccawjkf scjoms gakthjk sueehrjms al gmrthjk ljkhkgjhc hko sthtjstjghc jklarehtjak hdaut Wpmgtrue Drhkos hko Tussmcc Badds. _bm jklarehtjak gakthjkmo jk tbjs prmsmkthtjak js sueehryjklarehtjak tbht js jktmkomo ta dm gaksjomrmo jk tbm gaktmxt al Wpmgtrue Drhkos hko Tussmcc Badds WMG ljcjkfs, jl hky, hko atbmr pudcjg hkkaukgmemkts tbht tbmy ehy ehim, dy prmssrmcmhsm ar atbmrwjsm, lrae tjem ta tjem. Jk hoojtjak, jklarehtjak rmchtmo ta phst pmrlarehkgm, wbjcm bmcpluc hs hk mvhcuhtjvm taac, js kat kmgmsshrjcy jkojghtjvm al luturm rmsucts, tbmhgbjmvmemkt al wbjgb ghkkat dm hssurmo. Zau sbauco kat vjmw tbm phst pmrlarehkgm al Wpmgtrue Drhkos ar Tussmcc Badds, ar jklarehtjak hdaut tbm ehrimt, hs jkojghtjvm al WpmgtrueDrhkos ar Tussmcc Badds luturm rmsucts ar tbm patmktjhc luturm rmsucts al tbm gaedjkmo gaephky laccawjkf gaksueehtjak al tbm _rhkshgtjak. Lurtbmr, pmrlarehkgm jklarehtjak rmspmgtjkfjkvmstemkt rmturks ak partlacja trhkshgtjaks js kat ojrmgtcy mqujvhcmkt ta rmturks ak hk jkvmstemkt jk Wpmgtrue Drhkos ar Tussmcc Badds gaeeak stagi.
_bjs prmsmkthtjak js kat h sacjgjthtjak al h praxy lrae hky stagibacomrs al Wpmgtrue Drhkos ar Tussmcc Badds ar hk allmr ta smcc ar tbm sacjgjthtjak al hk allmr ta duy hky smgurjtjms alWpmgtrue Drhkos ar Tussmcc Badds. _bm laccawjkf scjoms gakthjk jklarehtjak jk rmspmgt al mhgb al Wpmgtrue Drhkos hko Tussmcc Badds. Kmjtbmr gaephky ehims hky rmprmsmkthtjak hs tatbm hggurhgy al tbm atbmr gaephkys jklarehtjak. Hctbaufb tbm gaephkjms sjfkmo h emrfmr hfrmmemkt hs prmvjauscy rmpartmo hko ljcmo wjtb tbm WMG, tbm gaephkjms rmehjk jkompmkomkths al tbm ohtm bmrmal.
JE^AT_HK_ HOOJ_JAKHC JKLATEH_JAK VJCC DM LJCMO VJ_B _BM WMG
_bjs Gaeeukjghtjak js dmjkf ehom jk rmspmgt al tbm prapasmo dusjkmss gaedjkhtjak jkvacvjkf Wpmgtrue Drhkos hko Tussmcc Badds. Jk gakkmgtjak wjtb tbm prapasmo trhkshgtjak, WpmgtrueDrhkos pchks ta ljcm wjtb tbm WMG h Tmfjstrhtjak Wthtmemkt ak Lare W-? tbht jkgcuoms tbm praxy sthtmemkt al Wpmgtrue Drhkos hko tbht hcsa gakstjtutms h praspmgtus al Wpmgtrue Drhkos._bm omljkjtjvm ^raxy Wthtmemkt/^raspmgtus wjcc dm ehjcmo ta stagibacomrs al Wpmgtrue Drhkos. JK\MW_ATW HKO WMG]TJ_Z BACOMTW AL W^MG_T]E DTHKOW HTM ]TFMO _ATMHO _BM ^TARZ W_H_MEMK_/^TAW^MG_]W HKO A_BMT OAG]EMK_W LJCMO V J_B _BM WMG GHTML]CCZ JK _BMJT MK_JTM_Z VBMK _BMZ DMGAEM H\HJCHDCM DMGH]WM_BMZ VJCC GAK_HJK JE^AT_HK_ JKLATEH_JAK HDA]_ _BM ^TA^AWMO _THKWHG_JAK.
Jkvmstars hko smgurjty bacomrs wjcc dm hdcm ta adthjk lrmm gapjms al tbm Tmfjstrhtjak Wthtmemkt hko ^raxy Wthtmemkt/^raspmgtus (wbmk hvhjchdcm) hko atbmr oaguemkts ljcmowjtb tbm WMG dy Wpmgtrue Drhkos tbraufb tbm wmd sjtm ehjkthjkmo dy tbm WMG ht www.smg.fav. Lrmm gapjms al tbm Tmfjstrhtjak Wthtmemkt hko ^raxy Wthtmemkt/^raspmgtus(wbmk hvhjchdcm) hko atbmr oaguemkts ljcmo wjtb tbm WMG ghk hcsa dm adthjkmo ak Wpmgtrue Drhkos wmdsjtm ht www.spmgtruedrhkos.gae.
^TARZ WACJGJ_H_JAK
Wpmgtrue Drhkos, Tussmcc Badds hko tbmjr rmspmgtjvm ojrmgtars, mxmgutjvm alljgmrs hko gmrthjk atbmr emedmrs al ehkhfmemkt hko mepcaymms ehy dm sacjgjtjkf praxjms lrae WpmgtrueDrhkos hko Tussmcc Badds stagibacomrs jk lhvar al tbm hgqujsjtjak. Jklarehtjak rmfhrojkf tbm pmrsaks wba ehy, ukomr tbm rucms al tbm WMG, dm gaksjomrmo phrtjgjphkts jk tbm sacjgjthtjak altbm Wpmgtrue Drhkos hko Tussmcc Badds stagibacomrs jk gakkmgtjak wjtb tbm prapasmo hgqujsjtjak wjcc dm smt lartb jk tbm ^raxy Wthtmemkt/^raspmgtus wbmk jt js ljcmo wjtb tbm WMG. Zau ghkljko jklarehtjak hdaut Wpmgtrue Drhkos mxmgutjvm alljgmrs hko ojrmgtars jk jts hkkuhc rmpart ak Lare 8>-I ljcmo wjtb tbm WMG ak Omgmedmr 4:, 4>>:. Zau ghk adthjk lrmm gapjms al tbmsmoaguemkts lrae Wpmgtrue Drhkos jk tbm ehkkmr smt lartb hdavm.
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^awmrluc gaedjkhtjak0 $7D fcadhc gaksuemr praougts gaephky
Mxtmkos fcadhc rmhgb hko ehrimt cmhojkf drhkos
Httrhgtjvm mgakaejgs lar sbhrmbacomrs
Wtrmkftbmks ghpjthc strugturm hko rmougms ljkhkgjhc rjsi
Tmougms hko cawmrs gast al gaedjkmo omdt
Jepravms cmvmrhfm
Mxtmkos omdt ehturjtjms
Mkbhkgms cjqujojty hko jkgrmhsms ghpjthc hvhjchdcm lar frawtb
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^awmrluc Gaedjkhtjak
Grmhtms kmw fcadhc gaksuemr praougts gaephky
$7D jk rmvmkums0 $4.4D Wpmgtrue Drhkos, $>.2D Tussmcc Badds
Ghrrjmo jk avmr 8 ejccjak rmthjc autcmts dy imy rmthjcmrs fcadhccy
$?7> ejccjak ta $??> ejccjak al ljsghc 4>8> mstjehtmo ho`ustmo MDJ_OH
Gaedjkmo partlacja jkgcuoms wjomcy rmspmgtmo fcadhc drhkos jkgcuojkf0
Tmejkftak, Thyavhg, \HT_H, Wpmgtrhgjom, Guttmr, Bat Wbat, _mtrh, 2 jk 8, Ojkfa
Tussmcc Badds, Fmarfm Larmehk, Dchgi & Omgimr, Cjttmrehjo, _ahstehstmr
Grmhtms h prmejmr pmrsakhc ghrm hko ijtgbmk mcmgtrjg hppcjhkgm gaephky
Mxphkos praougt partlacja, kmw praougt pjpmcjkm hko drhkos
^ravjoms frmhtmr sghcm hko dujcos strakfmr, earm mlljgjmkt fcadhc suppcy gbhjk
Cmvmrhfms fcadhc jklrhstrugturm jkgcuojkf shcms, ojstrjdutjak, hko hoejk
Mxphko fcadhc shcms wjtbjk hko hgrass dusjkmss ukjts al mhgb gaephky
Mxpmgtmo ta fmkmrhtm $4=-7> ejccjak al sykmrfjms
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Cjim Wpmgtrue, Tussmcc Badds Bhs Wtrakf,Cakf-Wthkojkf Fcadhc Gustaemr Tmchtjaksbjps
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=
Fcadhc
Dhttmrjms
& mrsakhc
Ghrm
%
Murapm /
Tmst al tbm
Varco
77%
^mrsakhc
Ghrm
8%
Ijtgbmk
^raougts
6:%
^mt & ^mst
7%
Baem
^raougts
86% Ijtgbmk
^raougts
4>%
Fcadhc ^mt
4>%
Fcadhc
Dhttmrjms
& mrsakhc
Ghrm
?=%Baem &
Fhromk
88%
Baem
^raougts?%
Kartb
Hemrjgh
=2%
Chtjk
Hemrjgh
88%
Murapm /
Tmst al tbm
Varco
78%
Kartb
Hemrjgh
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ejccjak
Tussmcc Badds drhko partlacja + Wpmgtrues fcadhc ojstrjdutjak jklrhstrugturm
Dmttmr praougt pchgmemkt wjtb imy gustaemrs
Tussmcc Badds ta hggmss Wpmgtrues Dhttmrjms hko ^mrsakhc Ghrm ojstrjdutjak pchtlare
Wpmgtrue ta fmt hggmss ta Tussmcc Badds ijtgbmk hppcjhkgms praougts, drhkos hkoojstrjdutjak pchtlare
Cawmr tathc heaukt hko gast al gaedjkmo omdt Jepravmo Wpmgtrue cmvmrhfm
Mxtmkomo Wpmgtrue omdt ehturjtjms
Mkbhkgmo cjqujojty ta cawmr rjsi hko hccaw jkgrmhsmo dusjkmss rmjkvmstemkt
Wtrakf gaedjkmo apmrhtjkf ghsb lcaws
Datb Wpmgtrue hko Tussmcc Badds bhvm mxpmrjmkgms jk suggmssluc emrfmrs hko
jktmfrhtjak wjcc usm phst mxpmrjmkgms ta ejkjejzm rjsi hko ehjkthjk hppraprjhtm lagusH laurtb ojstjkgt dusjkmss ukjt cmo dy _mrry ^acjstjkh wjcc dm smt up lar Baem Hppcjhkgms
Mxjstjkf Wpmgtrue dusjkmssms wjcc rmehjk hutakaeaus wjtb cmhomrsbjp tmhe jk pchgm
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Wtrmkftbmkmo Ghpjthc Wtrugturm
Tmougms hko cawmrs gast al gaedjkmo omdt
Tussmcc Badds $8=2 ejccjak tmre cahk gakvmrtmo ta KmwGa mqujty
Tussmcc Badds $4>6 ejccjak prmlmrrmo stagi gakvmrtmo ta KmwGa mqujty
Kmw $6=> ejccjak tmre cahk
Kmw $6=> ejccjak smkjar smgurmo katms
Jepravms cmvmrhfm
^ra`mgtmo cmvmrhfm ta dm hppraxjehtmcy 7.2x ht Ljsghc 4>8> ymhr mko
Mxtmkos omdt ehturjtjms
Ehturjtjms mxtmkomo lrae 4>84 ta 4>8< (tmre cahk) hko 4>86 (katms)
Mkbhkgms cjqujojty hko jkgrmhsms ghpjthc hvhjchdcm lar frawtb
Kmw $7>> ejccjak HDC rmvacvmr wjtb h ? ymhr tmre
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Imy _rhkshgtjak _mres
Tussmcc Badds hko Wpmgtrue emrfm jkta KmwGa tbraufb stagi-lar-stagi trhkshgtjak
Imy trhkshgtjak tmres0
Wpmgtrue Drhkos0 mktmrprjsm vhcum al $4.< djccjak ($78.=> pmr sbhrm)
Tussmcc Badds0 mktmrprjsm vhcum al $6ejccjak al Tussmcc Badds prmlmrrmo stagi hko $8=2 ejccjak al Tussmcc Badds tmre cahklar KmwGa sbhrms vhcumo ht $78.=> pmr sbhrm
Ljkhkgjkf gaeejtemkt lrae Grmojt Wujssm, Dhki al Hemrjgh, hko Omutsgbm Dhki tarmljkhkgm rmehjkjkf omdt
_rhkshgtjak mxpmgtmo ta gcasm jk sueemr 4>8>
Gaepmccjkf mgakaejgs lar datb phrtjms hko tbmjr sbhrmbacomrs
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_rhkshgtjak Mxpmgtmo ta Gcasm Wueemr 4>8>
Gakojtjaks ta gcasm jkgcuom0
Hppravhc al sbhrmbacomrs
Eh`arjty al hcc bacomrs al W^MD(Bhrdjkfmr hko Hvmkum Ghpjthc bhvm sthtmo tbmjr jktmkt ta hppravm)
Hko, eh`arjty al tbm bacomrs al W^MD atbmr tbhk Bhrdjkfmr
BWT hko atbmr hktjtrust hppravhcs
Gcasm al kmw ljkhkgjkf hfrmmemkts
?= ohy fa sbap
Atbmr gustaehry rmqujrmemkts ta gcasm
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Garparhtm Favmrkhkgm
Emrfmr pragmss
Tmgaeemkomo dy hk jkompmkomkt Wpmgjhc
Gaeejttmm al Wpmgtrue Dahro al Ojrmgtars
Dhrgchys Ghpjthc Jkg. hgtmo hs ljkhkgjhchovjsar hko @akms Ohy hgtmo hs cmfhcgauksmc ta tbm Wpmgjhc Gaeejttmm
Hppravhc rmqujrms h eh`arjty al kak-Bhrdjkfmr Ghpjthc stagibacomrs
"Fa-Wbap" pragmss (?= ohy) ta mkhdcmsacjgjthtjak al supmrjar prapashcs
Bhrdjkfmr Ghpjthc hfrmmo ta suppart jl
hppravmo dy 4/7ros
al kak-Bhrdjkfmrstagibacomrs
$8 ejccjak drmhi-up lmm, pcus up ta $8>ejccjak al mxpmksms jl Wpmgtrue hggmptssupmrjar prapashc
Hltmr gcasjkf
_mk-emedmr Dahro, jkgcuojkf GMA hko
tbrmm ojrmgtars jkompmkomkt al BhrdjkfmrGhpjthc
Gchssjljmo Dahro ta hssurm jkompmkomktojrmgtars rmehjk (akm jk 4>84 gchss9 twa jk4>87 gchss)
Wpmgjhc Kaejkhtjkf Gaeejttmm("Jkompmkomkt Gaeejttmm") al jkompmkomktojrmgtars ta kaejkhtm suggmssars
Jkompmkomkt Gaeejttmm hppravhc rmqujrmolar rmchtmo phrty trhkshgtjaks, fajkf-prjvhtm
trhkshgtjaks, mtg.
Gaephky ta rmehjk h pudcjg gaephky hkosmmi ta cjst gaeeak stagi ak KZWM
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^awmrluc gaedjkhtjak0 $7D fcadhc gaksuemr praougts gaephky
Mxtmkos fcadhc rmhgb hko ehrimt cmhojkf drhkos
Httrhgtjvm mgakaejgs lar sbhrmbacomrs
Wtrmkftbmks ghpjthc strugturm hko rmougms ljkhkgjhc rjsi
Tmougms hko cawmrs gast al gaedjkmo omdt
Jepravms cmvmrhfm
Mxtmkos omdt ehturjtjms
Mkbhkgms cjqujojty hko jkgrmhsms ghpjthc hvhjchdcm lar frawtb
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