Credit Suisse Investment Banking Pitch Book
CONFIDENTIAL
Allen Preliminary Valuation Summary
Allen Enterprise Valuation
Comparable
Transaction
Analysis
$5,700
(5 in millions)
CY 2004 Revenues
CY2005 Revenues
CY2004 EBITDA
CY2005 EBITDA
CY 2004 Unlevered Ni
CY2005 Unievered NI
$6,000
CREDIT FIRST
SUISSE BOSTON
$5,500
$5,000
$4.500
$4,000
$3,500
$3,000
$2,500
$2,000
Statistic
$1.203
1.262
528
550
222
231
Comparable
Company Analysis
2.9x
2.8x
6.6x
6.4x
$4,500
$3,500
15.8x
15,1x
3.7x
3.6x
8.5x
8.2x
20.3x
1958
$4.500
3.7x
3.6x
8.5x
8.2x
20.3x
1958
4.7x
4.5x
10.8x
10.4x
25.7x
24.7x
Enterprise value defeed as the total value of Allen's business as a going concem, excluding any non-operating and financial assets and tables.
All Allen financial information provided by the managements of Soler and Alen.
Discounted Cash
Flow Analysis
$4,600
$3,400
2.8x
2.7x
-
6.4x
6.2x -
15.3x .
14.7x -
3.8x
3.6x
8.7x
20.8x
19.9x
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