Post-Merger Integration Planning Meeting

Integration Management Office Meeting Objectives

Align on business principles and integration priorities:

• Review integration strategy and key objectives
• Review governance structure, roles and responsibilities
• Review and reinforce integration philosophy

Agree to way of working together:

• Review rules of engagement to ensure pre-close compliance with anti-trust guidelines
• Build an alignment around meeting cadence and reporting structure

Begin with integration workplan development:

• Review key elements of the communication plan 
• Align around the workstream objectives outlined in the draft team charters
• Discuss and prioritize each workstream’s initiatives
• Review next steps and timing for workplan development

Background Key Facts

• Geography: Expansion into Europe
• Fiscal Year: Calendar year of Acquirer
• Product: All products of both companies
• Brands: Access to all brands
• Technology: Access to all technologies
• Corporate: Support across various areas of the business (i.e. finance, HR, IT, manufacturing, procurement, R&D, sales, marketing)

Background Value Drivers

• Synergies: Estimated annual net synergy benefits of $250 million by 2030.
• Footprint: Expansion across western Europe.
• Technology: Improved and accelerated research and development.
• Platform: Adjacent product growth.
• Process: Improved processes via sharing of best practices

Integration Guiding Principles

• Enhance value for both companies
• Maintain the value already created in each company
• Make the best choice for the future business
• Maintain market momentum
• Make decisions based on best for the future business
• Not best of both or trading off
• Rigorously plan and manage the program
• Adopt earlier, where possible
• Respect stated values of each company
• Keep and inspire the best people