Transformative Combination Creating a New Global Leader slide image

Transformative Combination Creating a New Global Leader

Transformative Combination of ADTRAN and ADVA Creates a Global Leader 5 Creating a leader in end-to-end fiber networking (from metro core to customer premises) ADURAN + A leading global provider of fiber access, fiber extension and cloud-managed subscriber connectivity solutions $7.1B Combined Addressable Market Opportunity(¹) $1.2B Combined LTM Revenue(2) ADURAN ADVA™ ADVA™ A leading global provider of metro WDM, data center interconnect, business ethernet, and network synchronization solutions $183M Combined LTM EBITDA(2)(3) $52M Anticipated Run Rate Synergies By Year 2 post-closing(4) Note: Figures are non-GAAP. (1) Combined addressable market opportunity inclusive of Metro WDM & Business Ethernet and Passive Optical Networking for North America and EMEA. (2) LTM period is for the twelve months ending June 30, 2021. ADVA financials converted to USD from EUR at an exchange rate of 1.1929, the average exchange rate for the twelve months ending June 30, 2021. (3) Inclusive of $52 million annual run-rate pre-tax synergies. Please see appendix slides for Non-GAAP reconciliations. (4) Represents annual run-rate pre-tax synergies.
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