Quintiles Transnational Holdings Inc. 8-K 2005
Documents found in this filing:
Searchable text section of graphics shown above
This presentation may contain projections and other forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by us with the Securities and Exchange Commission, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: access line losses due to increased competition, including from technology substitution of our access lines with wireless and cable alternatives; our substantial indebtedness, and our inability to complete any efforts to de-lever our balance sheet through asset sales or other transactions; any adverse outcome of the current investigation by the U.S. Attorneys office in Denver into certain matters relating to us; adverse results of increased review and scrutiny by regulatory authorities, media and others (including any internal analyses) of financial reporting issues and practices or otherwise; rapid and significant changes in technology and markets; any adverse developments in commercial disputes or legal proceedings, including any adverse outcome of current or future legal proceedings related to matters that are the subject of governmental investigations, and, to the extent not covered by insurance, if any, our inability to satisfy any resulting obligations from funds available to us, if any; potential fluctuations in quarterly results; volatility of our stock price; intense competition in the markets in which we compete including the likelihood of certain of our competitors emerging from bankruptcy court protection, consolidating with others or otherwise reorganizing their capital structure to more effectively compete against us; changes in demand for our products and services; acceleration of the deployment of advanced new services, such as broadband data, wireless and video services, which could require substantial expenditure of financial and other resources in excess of contemplated levels; higher than anticipated employee levels, capital expenditures and operating expenses; adverse changes in the regulatory or legislative environment affecting our business; changes in the outcome of future events from the assumed outcome included in our significant accounting policies; our ability to utilize net operating losses in projected amounts; and our inability to provide any assurance as to whether we will be successful in our effort to acquire MCI, Inc., whether in the event of an acquisition we realize synergies in the amounts, at the times and at the related costs projected and whether regulatory approvals will be received within the timeframe projected and that such approvals will not be materially adverse to the projected operations of the combined company following the merger.
The information contained in this release is a statement of Qwests present intention, belief or expectation and is based upon, among other things, the existing regulatory environment, industry conditions, market conditions and prices, the economy in general and Qwests assumptions. Qwest may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in Qwests assumptions or otherwise. The cautionary statements contained or referred to in this release should be considered in connection with any subsequent written or oral forward-looking statements that Qwest or persons acting on its behalf may issue. This release may include analysts estimates and other information prepared by third parties for which Qwest assumes no responsibility.
By including any information in this release, Qwest does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material. The Qwest logo is a registered trademark of Qwest Communications International Inc. in the U.S. and certain other countries.
This material is not a substitute for the prospectus/proxy statement Qwest and MCI would file with the Securities and Exchange Commission if a negotiated agreement with MCI is reached. Investors are urged to read any such prospectus/proxy statement, when available, which would contain important information, including detailed risk factors. The prospectus/proxy statement would be, and other documents filed by Qwest and MCI with the Securities and Exchange Commission are, available free of charge at the SECs website (www.sec.gov) or by directing a request to Qwest, 1801 California Street, Denver, Colorado, 80202 Attn: Investor Relations; or by directing a request to MCI, 22001 Loudoun County Parkway, Ashburn, Virginia 20147 Attention: Investor Relations.
Qwest + MCI
A Superior Deal
Superior Combination: Unique Opportunity To Unlock Value From Each Standalone Firm
Combine and optimize like assets, operations
Ability to rationalize complementary nationwide IXC networks
Ability to leverage Qwest network optimization experience
Highly tax efficient: acceleration of Qwest NOL usage due to income growth
Combined company EBITDA growth in excess of 9% CAGR
Accelerates path to investment grade status
Value creation on this scale not
available to either company
© 2005 Qwest Communications
International Inc. Confidential and Proprietary.
Not to be distributed or reproduced.
Superior Combination: Greater Synergies, Faster
Achievable Synergies: IXC Optimization Opportunity is Significant and Attainable
Synergy Ramp Up
Accelerated ramp due to nature of combination, complementary nationwide IXC networks
Optimization versus integration
Reasonable opex/capex investments required to unlock value
Approximately $2.7 billion
Cash flow and earnings accretive immediately
Approximately $2.7 billion in integration costs for:
IT Systems Optimization
100% of opex complete by end of year 2
Nearly 65% of capex complete by end of year 4
Qwest + MCI is a Better Deal
Greater value to shareowners, both now and in the future
A management team with expertise in delivering operational improvements and a proven ability to execute
Unique opportunity to combine and optimize like assets, operations