Investor Presentaiton
Transaction summary
PURCHASE PRICE
VALUATION MULTIPLE
MANAGEMENT RETENTION
ESTIMATED CLOSING
EXPECTED FINANCING
ACCRETION
$2.1 billion enterprise value
Additional earnout potential based on revenue growth and gross margin
performance
Less than 15x EV/EBITDA
Founder and senior leadership team will be retained
Subject to certain conditions, founder will receive portion of purchase price in
VF equity over time
Late calendar 2020
Cash and commercial paper
Modestly accretive in fiscal 2021
Expect at least $500M of revenue and $0.20 of adjusted EPS in fiscal 2022
Note: Multiple does not consider potential earnout, based on twelve months ending 1/31/21 adjusted EBITDA outlook; accretion excludes transaction and deal costs
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