Harris Corporation to acquire Schlumberger Global Connectivity ...

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Deal terms Consideration • $397.5MM in cash Tax Benefits • Harris to step-up tax basis in assets acquired • Tax step-up net present value of $50MM • Reduces “net” purchase price to $347.5MM Structure • Purchase of assets and assumption of certain Key conditions & timing liabilities • Customary regulatory approvals and conditions • Closing expected during the third quarter of fiscal 2011 (first quarter of calendar 2011) Schlumberger GCS, 8 November 2010
Schlumberger GCS summary financials and outlook Schlumberger GCS, 9 CY08 CY09 CY10E Revenue $176 $178 $170 % growth 16% 1% -4% EBITDA 36 49 41 % EBITDA margin 21% 28% 24% EBIT 28 39 31 % ROS 16% 22% 18% November 2010
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Page 3 and 4: Overview of Schlumberger Global Con
Page 5 and 6: Target segments demand mission crit
Page 7: The Schlumberger GCS infrastructure

Harris Corporation to acquire Schlumberger Global Connectivity ...

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