Lumen Mergers and Acquisitions Presentation Deck
Transaction Overview
8
Transaction
Valuation
Management Team
Timing/Closing
Stonepeak to acquire Lumen's LATAM business for $2.7 billion
Implies ~9x 2020 Estimated Adjusted EBITDA(1) which is a meaningful
premium to Lumen's current trading multiple
Long-term existing management team to guide future investment
and growth of the business
Anticipate closing in 1H22
(1) Estimated Adjusted EBITDA is defined as net income before income tax (expense) benefit, total other income (expense), depreciation and amortization, share-based compensation
expense and other standalone costs intended to represent the LATAM business consistent with the proposed sale. The Estimated Adjusted EBITDA is therefore not intended to represent
the financial results consistent with GAAP as a standalone business.
LUMENⓇ
Issued: July 26, 2021View entire presentation