presentation - merger and acquisitions
TRANSCRIPT
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7/31/2019 Presentation - Merger and Acquisitions
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Me{ae{z odi Ojqulzlylndz
A{nuw Memke{z
Qoqoz O`l Yudln
@y$ Ji{$ Acu`om _oil{
Zoui Xobo{ Uzmodl
Ji{$ Yodree{ Odhum Kcoyyl
@y$ Ji{$ Yocl{ Muaco`
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Zjceme nb
W{ezedyoylnd
Ldy{niujylnd - Me{ae{z odiOjqulzlylndz
Zlxe nb yce Kuzldezz
Cn jod kuzldezzez a{n> Me{ae{
Ojqulzlylnd
Y|wez nb Yofenre{z
Iebedzlre Yojyljz oaoldzyCnzyl`e Yofenre{z
Me{ae{ rz$ Ojqulzlylnd yceilbbe{edje
W{nz odi Jndz nb Yofenre{z
Kedeblyz nb A{nlda M"O
Mnylrez bn{ Yofenre{z
Jndj`uzlnd
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Me{ae{z odi Ojqulzlylndz
Jn{wn{oylndz zy{lre yn ldj{eoze ycel{ eo{dldaz
we{ zco{e nre{ ylme$
Meycniz
Ldye{do` a{nyc8
O bl{m ojqul{ez zwejlblj ozzeyz odi bldodjez ycem k| yce{eyedylnd nb eo{dldaz n{ esye{do` bldodjlda
Esye{do` a{nyc 8
Ldrn`rez yce ojqulzlylnd nb odnyce{ jnmwod|
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Zlxe nb yce Kuzldezz
Zlxe jod ke meozu{ei ld o dumke{ nb o|z$ Ycemnzy jnmmnd o{e
K| dumke{ nb emw`n|eez
K| ro`ue nb nuywuy odi zo`ez
K| w{nbly
K| jowlyo` emw`n|ei
Yce{e lz dn we{bejy o| nb jnmwo{lda yce zlxe nbkuzldezzez$ Ly lz qulye jnmmnd yn uze mn{e ycod ndemeycni odi yn jnmwo{e yce {ezu`yz nkyoldei$
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Cn jod kuzldezzez a{n>
Me{ae{z Yofenre{z n{ Ojqulzlylndz
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Me{ae{
Qced yn n{ mn{e jnmwodlez jnmklde$ Ycezco{ecn`ie{z nb yce yo{aey bl{m o{e oiequoye`|
jnmwedzoyei bn{ lb yce me{ae{ lz ebbejyei$
Yce jnmkldoylnd nb yn bl{mz ldyn o de `eao` edyly|
O de jnmwod| lz j{eoyei
Knyc zeyz nb zco{ecn`ie{z core yn oww{nre yce
y{odzojylnd$
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Ojqulzlylnd
Qced nde jnmwod| ojqul{ez odnyce{ jnmwod|$ Yce jnmwod| ycoy lz ojqul{ei lzfdnd oz yo{aey bl{m$ Yce jnmwod| cljc ojqul{ez lz jo``ei ojqul{lda jnmwod|$ Odojqulzlylnd mo| ke elyce{ b{ledi`| ojqulzlylnd ced knyc yce jnmwodlez oa{ee ynyce yedie{ nbbe{ n{ mo| ke udb{ledi`| ojqulzlylnd ced yce jnmwodlez in dny oa{ee
lyc yce yedie{ nbbe{$ Yce wu{jcoze nb nde bl{m k| odnyce{
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Y|wez nb Yofenre{z
Yofenre{
Yofenre{ mo| ke {ebe{{ei yn oz o jn{wn{oyeojylrly| ced o jnmwod| w`ojez o kli bn{ojqul{lda odnyce{ jnmwod|$ Yce jnmwod|cljc ldyediz yn yofe nre{ yce yo{aey bl{mmofez od nbbe{ nb yce +nuyzyodilda zco{ez+ ld
joze yce yo{aey bl{m lz y{oiei wuk`lj`|$Yce y{odzbe{ nb jndy{n` b{nm nde nde{zclwa{nuw yn odnyce{$
Cnzyl`e yofenre{
Lz iebldei oz od +udb{ledi`| yofenre{+$ Zujc
ojylndz o{e uzuo``| {ern`yei oaoldzy k| ycemodoae{z odi esejuylrez nb yce yo{aey bl{m$
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Bldodjlda o yofenre{
Zubbljledy budiz orol`ok`e lyc yce ojqul{ldajnmwod| ld lyz nd ojjnudy #uduzuo`,
Kn{{nei b{nm o kodf n{ k| od lzzue nb kndiz
Ieky mnrez ind ldyn yce ko`odje zceey
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@ere{oaei Ku|nuyz
Ojqulzlylnd bldodjei
yc{nuac ieky o{efdnd oz @KNz
Ieky {oyln nb
bldodjlda jod an ozclac oz 37%
Yce ojqul{lda
jnmwod| nu`i nd`|deei ;7% nb yce
wu{jcoze w{lje
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Iebedzlre Yojyljz oaoldzy
Cnzyl`e Yofenre{z
Wenw`e wl``
Clac-`ere` modoae{z odi
emw`n|eez yc{eoyed ycoy yce|
l`` o`` `eore yce jnmwod| lb ly
lz ojqul{ei$ Yclz nd`| n{fz lb
emw`n|eez o{e clac`| ro`uok`e
odi rlyo` yn jnmwod|z zujjezz$
Zco{ecn`ie{z [lacyz W`od
Alrez dnd-ojqul{lda
zco{ecn`ie{z aey yce {lacy yn
ku| 57 we{jedy mn{e zco{ez oy
o ilzjnudy w{lje ld yce eredy nb
o yofenre{$
Ze``lda yce J{nd Hee`z Yce ze``lda nb o yo{aey
jnmwod|z fe| ozzeyz ycoy yce
ojqul{lda jnmwod| lz mnzy
ldye{ezyei ld yn mofe ly `ezz
oyy{ojylre bn{ yofenre{$
Jod ldrn`re o `o{ae ilrliedi yn
{emnre esjezz jozc b{nm yceyo{aeyz ko`odje zceey$
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Iebedzlre Yojyljz oaoldzy
Cnzyl`e Yofenre{z
Qclye Fdlacy
Yce yo{aey zeefz nuy odnyce{ojqul{e{ jndzlie{ei b{ledi`|yn mofe o jnudye{ nbbe{ odiyce{ek| {ezjue yce yo{aeyb{nm o cnzyl`e yofenre{
An`ied Wo{ojcuyez
An`ied wo{ojcuyez o{ejnmwedzoylnd yn nuyanldayo{aey bl{m modoaemedy$
Ilbb k y
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Ilbbe{edje keyeed od
ojqulzlylnd odi o me{ae{> Ld yce joze nb o me{ae{ yn bl{mz
ynaeyce{ bn{m o de jnmwod|$ Obye{
yce me{ae{ yce zewo{oye`| ndei
jnmwodlez kejnme hnldy`| ndei odi
nkyold o de zlda`e liedyly|$ Qced yn
bl{mz me{ae zynjfz nb knyc o{e
zu{{edie{ei odi de zynjfz ld yce
dome nb de jnmwod| o{e lzzuei$
Aede{o``| me{ae{z yofe w`oje keyeed
yn jnmwodlez nb mn{e n{ `ezz zome
zlxe$
Cnere{ lyc ojqulzlylnd nde bl{m
yofez nre{ odnyce{ odi ezyok`lzcez lyz
wne{ oz yce zlda`e nde{$ Aede{o``|
yce bl{m cljc yofez nre{ lz yce klaae{
odi zy{ndae{ nde$ Yce {e`oylre`| `ezz
wne{bu` zmo``e{ bl{m `nzez lyzeslzyedje odi yce bl{m yoflda nre{
{udz yce cn`e kuzldezz lyc lyz nd
liedyly|$ Ud`lfe yce me{ae{ zynjfz nb
yce ojqul{ei bl{m o{e dny zu{{edie{ei
kuy knuacy k| yce wuk`lj w{ln{ yn yce
ojqulzlylnd odi jndyldue yn ke y{oiei
ld yce zynjf mo{fey$
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W{nz odi Jndz nb Yofenre{z
Ju`yu{e j`ozcez lycld yce yn
jnmwodlez
[eiujei jnmweylylnd lz koi bn{
jndzume{z " @lfe`lcnni nb hnk
juyz
Jndb`ljy lyc de modoaemedy
Cliied lokl`lylez nb yo{aeyjnmwod|$
Yce mndeyo{| jnzy yn yce
jnmwod| " `ojf nb mnylroylnd
bn{ emw`n|eez kelda knuacy
Ldj{eoze ld zo`ez.{eredue "
Redyu{e ldyn de kuzldezz odimo{fey
W{nblyokl`ly| nb yo{aey jnmwod|
Ldj{eozei mo{fey zco{e
Iej{eozei jnmweylylnd
#mndnwn`|,
[eiujylnd nb nre{ jowojly| ld
yce ldiuzy{|
Ed`o{aei k{odi wn{ybn`ln
Ldj{eoze ld Ejndnmlez nb Zjo`e
Ldj{eozei ebbljledj| iue yn
jn{wn{oye z|de{alez
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Mnylroylndz bn{ Me{ae{z odi
OjqulzlylndzJ{eoylnd nb Z|de{a| Mnylre bn{ M"Oz
Yce w{lmo{| mnylre zcnu`i ke yce j{eoylnd nb z|de{a|$
Z|de{a| ro`ue lz j{eoyei b{nm ejndnmlez nb ldyea{oylda o yo{aey odiojqul{lda o jnmwod|6 yce omnudy k| cljc yce ro`ue nb yce jnmkldei
bl{m esjeeiz yce zum ro`ue nb yce yn ldilrliuo` bl{mz$
Yce wnzzlk`e z|de{alez nb od ojqulzlylnd jnme b{nm yce bn``nlda8
[eredue edcodjemedy
Jnzy {eiujylnd
@ne{ yosez
@ne{ jnzy nb jowlyo`
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