Investor Presentaiton
Well Capitalized for Future Growth
Rapid deleveraging post-closing from strong EBITDA and cash flow generation
External Financing Sources
Debt
Pro Forma Leverage
Total Debt
$5.425 billion total commitment, including
unfunded revolving credit facility
$5.4 billion
4.8x(1)
Cash
Net Debt
$0.5 billion
$4.9 billion
4.4x(1)
Convertible
Preferred
Equity
ā
$1.5 billion commitment from Bain Capital
Potential increase in Bain Capital
commitment by $650 million optional
amount for total commitment of $2.15
billion. Bain willing to commit at least
$300 million of $650 million, for total
commitment of at least $1.8 billion
Balance sheet cash
Coupon: 5%, 4-year payable-in-kind, cash
pay option thereafter
Conversion price of $85.00 per share
Assuming Bain investment increased to
$2.15 billion, pro forma net leverage at
closing would be approximately 3.8x (1)
Target 3.0x or less gross leverage
within two years post-closing
(1) Reflects proforma combined LTM EBITDA and includes $250 million of cost synergies
IIVI
II-VI Incorporated - Export Control Classification EAR99
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