Investor Presentation December 2019
7 Summary Projected Financials
Attractive Growth Profile
HISTORICAL & PROJECTED ADJ. REVENUE ($M) & % GROWTH1
VERTIV
HISTORICAL & PROJECTED ADJ. EBITDA ($M) & % MARGINĀ¹
2019E-2021E: 4% CAGR
2019E 2021E: 9% CAGR
$4,290
$4,411
$4,575
$4,767
$640
$595
$3,865
$3,911
$472
$500
$540
$502
2016A
2017A
2018A
2019E
2020E
2021E
2016A
% GAAP
NA
1.2 %
9.7 %
2.8 %
3.7 %
4.2 %
12.2%
2017A
12.8%
2018A
11.7%
2019E
12.2%
2020E
13.0%
2021E
13.4%
% Margin
Growth
NA
0.9 %
4.8 %
5.2 %
4.7 %
4.2 %
% Org.
Growth 2
ADJ. OPERATING INCOME ($M) & % MARGIN 1,3
2019E 2021E: 10% CAGR
$ 557
$ 511
$ 443
$ 433
$ 465
$ 427
ADJ. EBITDA LESS CAPEX ($M) & % SALES 1,5
2019E 2021E: 8% CAGR
$ 575
$ 438
$ 456
$ 458
$ 494
$ 470
$ 530
$ 520
$ 397
4
2016A
11.5 %
2017A
11.1 %
2018A
10.0 %
2019E
10.5 %
2020E
11.2 %
2021E
11.7 %
% Margin
2016A
92.8%
2017A
91.1%
2018A
2019E
91.1%
91.5%
2020E
89.1%
2021E
89.8%
% Conv.
Source: Management estimates
Note: See "Non-GAAP Financial Measures" and "Additional Financial Information" beginning on slide 38 of the Appendix. 2 Delta between reported growth and organic growth removes FX impact as determined by management and the impact of acquisitions. 3 Excludes amortization
of acquired intangibles. 4 2016 capex based on September FYE. 5 Adjustments in years 2018, 2019, and 2020 for one-time digital transformation and operational initiatives capex items. % conversion based on core capex.
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