Bank of America Investment Banking Pitch Book
Potential Strategic Buyer Affordability Analysis
Summary Statistics of Other Potential Buyers
Price as of 4/25/2014
27
Market Value
Enterprise Value (¹)
Credit Rating
EV / CY 2014E EBITDA (2)
Price / CY 2014E Earnings (2)
Cash on Hand
Available Credit Facilities
QUANTA
SERVILES
LOX For more investment banking materials, visit www.10xebitda.com
$35.20
$7,649
$7,169
WR/NR
9.1x
19.4x
$489
$1,080
MasTec
$40.76
$3,212 1
$4,010
Ba2 / BB
7.7x
17.8x
$23
I
$750
1
1
1
1
1
Source: Company filings and FactSet as of April 25, 2014.
Note: Dollar amounts in U.S. milions except per share amounts.
(1) Enterprise Value = Market value of Equity +Short-term Debt + Long-term Debt + Preferred Equity + Minority Interest - Cash and Marktobla Securities.
Estimates obtained from Wall Street research and colendorized when necessary
(3)
1
MYR
GROUP
$24.12
$530
$454
--/--
5.4x
15.7x
$76
$250
TE
WILLURDS
W
$11.37
$583
$817
B3/B-
6.6x
14.2x
$43
$150
Bank of America
Merrill Lynch
ferrovial
$21.88
$16,052
$24,604
Baa 3 / BBB
ΝΑ
ΝΑ
$4,356
ΝΑView entire presentation