Transaction Comps

Technology Sector - US

Financial Services Division Training Team

Instructions
Spreading:
Understand the template and linking before spreading the comp
LTM financials as on or before announcement date is to be taken
All numbers are in USD millions, except per share data
Input data only in "yellow" colored cells, as the rest cells are either linked or data is provided in those cells
Take common shares outstanding from latest filing as on announcement date
Consider options outstanding for dilution and not the exercisable, adjust options impact to Equity Value in cell F38 (colored in yellow)
Consider only on-balance sheet (along with related notes) debt for EV calculation
Restricted cash should be excluded from EV calculation
(colored in yellow)
 /
($ in millions, except per share data)

Deal Information LTM Financials

Acquirer Fiscal Year Prior Stub Current Stub LTM
Target 1899A 12/30/1898 12/30/1899 12/30/1899
Target Status Sales -
Target Industry EBIT - Reported -
Deal Type Adjustments -
Stake Acquired EBIT - Adjusted - - - -
Announcement Date Depreciation & Amortization -
Completion Date EBITDA - Reported - - - -
Fiscal Year EBITDA - Adjusted - - - -
LTM Date Net Income - Reported -
Statutory Tax Rate 40.0% Adjustments -
Tax Impact on Adjustments - - - -
Valuation Net Income -Adjusted - - - -
Cash Price Per Share Weighted Avg. Diluted Shares - - -
Acquirer Share Price Diluted EPS - Reported NA NA NA #DIV/0!
Swap Ratio Diluted EPS - Adjusted NA NA NA #DIV/0!
Offer Price -
Basic Shares Outstanding Options/Warrants & Convertibles
Add: Net Shares from Options Dilution #DIV/0! Options/Warrants Options Strike Price ITM Options Proceeds
Add: Shares from Convertible Securities - Tranche 1 - - - -
Fully Diluted Shares Outstanding #DIV/0! Tranche 2 - - - -
Equity Value #DIV/0! Tranche 3 - - - -
Tranche 4 - - - -
Add: Total Debt Tranche 5 - - - -
Add: Preferred Stock Total - - -
Add: Noncontrolling Interest Convertible Securities Amount Conv. Price Conv. Ratio New Shares
Less: Cash and Cash Equivalents Issue 1 - - - -
Enterprise Value #DIV/0! Issue 2 - - - -
Issue 3 - - - -
Deal Multiples Issue 4 - - - -
LTM Issue 5 - - - -
12/30/1899 Total -
EV/Sales NA
EV/EBITDA NA Transaction Summary
EV/EBIT NA
P/E NA

Control Premium
Stock Price Premium
1 Day Prior (1T Day) NM
1 Week Prior (5T Days) NM
1 Month Prior (20T Days) NM

Target Description

Acquirer Description
Evalueserve Disclaimer
Although the information contained in this publication has been obtained from sources believed to be
reliable, the author and Evalueserve disclaim all warranties as to the accuracy, completeness or adequacy of
such information. Evalueserve shall have no liability for errors, omissions or inadequacies in the information
contained herein or for interpretations thereof.