AMC Mergers and Acquisitions Presentation Deck
Transaction Overview
Key
Transaction
Terms
Combined
Operating
Strategy
Closing
Conditions &
Timing
amc (1)
As of March 3, 2016.
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• Annual synergies of approx. $35 million
✓ Synergy adjusted Enterprise Value / LTM Adj. EBITDA purchase multiple of 6.5x
• AMC will assume and / or refinance Carmike's debt and capital leases
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Offer price of $30.00 all cash per Carmike share
✓ 19.47% premium to Carmike's current share price(1)
✓ Total cash consideration of $757 million
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✓ Total Enterprise Value of $1.1 billion.
✓ Enterprise Value per Screen of approx. $376k
Maintain two brands, one focused on large, urban areas and one focused on midsize
non-urban areas
Plan to eliminate redundant overhead costs
Shareholder vote required only for Carmike
Subject to regulatory approvals and other customary closing conditions
Debt financing commitments are in place
Expected to close in fourth quarter 2016
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