Owens&Minor Mergers and Acquisitions Presentation Deck
■
Adding approximately $1.2 billion of annual net revenue
▪ Adds in excess of $230 million in incremental adjusted EBITDA, implying ~20% margin
▪ Annual capex requirements of ~$100 million
▪ FCF generation > $80 million
Leverage Ratio to increase to just under 4x TTM adjusted EBITDA
Expect to return to targeted leverage range of 2-3x within 24 months
No changes to capital allocation priorities
Deleverage the balance sheet
Re-invest organically in broader business to drive top-line growth / bottom-line efficiencies
Expect to change segment reporting structure beginning with 1Q22 filings
Patient Direct = Byram + Apria
Products & Healthcare Services = Global Products + Medical Distribution and Services
Reiterating 2022 guidance for existing business EXCLUDING APRIA
- Adjusted EPS of $3.00 - $3.50
Adjust EBITDA of $400 - $450 million
Transaction will be accretive to EPS in 2022 assuming 1H22 close
I
●
●
●
●
Annualized Financial Impact (pre-synergies)
6
-
-
Confidential & Proprietary to Owens & Minor, Inc.
-
Pro-Forma Net Revenue
(~$10.5B)
Patient
Direct
~20%
Products &
Healthcare Services
~80%
Pro-Forma Adjusted EBITDA
(~$650M)
Products &
Healthcare
Services
~51%
Patient
Direct
~49%
Owens
M&MinorView entire presentation