Credit Suisse Investment Banking Pitch Book
CONFIDENTIAL
Allen Financial Analysis
(5 in millions)
CY2004 PF Revenues
CY2005E Revenues
CY2004 PF EBITDA
CY2005E EBITDA
CY2004 PF Unlevered Ni
CY2005E Unlevered NI
$6,000
CREDIT FIRST
SUISSE BOSTON
$5,500
$5,000
$4.500
$4,000
$3,500
$3,000
$2.500
$2.000
Statistic
$1,258
1.324
545
551
Allen Enterprise Value Reference Range
Comparable
Acquisitions
Analysis
$5,800
216
222
Comparable
Company Analysis
$4,300
2.6x
2.5x
6.1x
6.0x
$3,300
3.2x
15.3x
14.9x
7.9x
7.8x
$4,600
3.7x
3.5x
19.9x
19.4x
21.3x
20.7x
(1) All Allen financial information provided by Solar Management. 2004 operating statistics pro forma for Infow acquisition
8.4x
8.3x
.
-
4.6x
4.4x
10.7x
105,
26.9x
26.1x
Discounted Cash
Flow Analysis
$4,400
$3,400
2.7x
26x
..
6.2x .
6.2x -
15.8x .
15.3x -
3.5x
3.3x
8.1x
8.0x
20.4x
19.8x
23View entire presentation