Factset Mergers and Acquisitions Presentation Deck
FACTSET
Acquisition to significantly expand FactSet's critical role in the global capital markets
FactSet to acquire CUSIP Global Services ("CGS") from S&P Global
• CGS manages a database of 60 different data elements uniquely identifying more than 50 million
global financial instruments
Continue to steward CUSIP in close partnership with the American Bankers Association (ABA)
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Transaction
Summary
Purchase Price and
Sources of Funds
Financial Detail
Timing / Closing
Conditions
Purchase price of $1.925 billion
FactSet expects to receive an estimated tax benefit of approximately $200 million 1
Transaction to be funded via a combination of cash-on-hand and committed financing
• CGS generates approximately $175 million of annual revenue
• CGS revenue growth in the mid-to-high single digit range
Expected to be immediately accretive to FactSet's adjusted operating margins
Expected to be accretive to FactSet's adjusted diluted EPS in the first year of ownership
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• Transaction expected to close during the first calendar quarter of 2022
Subject to customary closing conditions and consummation of S&P Global and IHS Markit merger
FactSet expects to receive a step up in tax basis resulting in an annual deduction over the next 15 years with an estimated tax benefit of approximately $200 million on a present value basis.
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