Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Infinera Corp | d905437d8k.htm |
| EX-99.6 - EX-99.6 - Infinera Corp | d905437dex996.htm |
| EX-99.1 - EX-99.1 - Infinera Corp | d905437dex991.htm |
| EX-99.5 - EX-99.5 - Infinera Corp | d905437dex995.htm |
| EX-99.2 - EX-99.2 - Infinera Corp | d905437dex992.htm |
| EX-99.3 - EX-99.3 - Infinera Corp | d905437dex993.htm |
| EX-99.7 - EX-99.7 - Infinera Corp | d905437dex997.htm |
| EX-99.8 - EX-99.8 - Infinera Corp | d905437dex998.htm |
 1 |
© 2015 Infinera
Infinera + Transmode
Tom Fallon, CEO
April 9, 2015
Exhibit 99.4 |
 2 |
© 2015 Infinera
This presentation contains "forward-looking" statements that involve risks,
uncertainties and assumptions. If the risks or uncertainties ever materialize or the
assumptions prove incorrect, our results may differ materially from those expressed or
implied by such forward-looking statements. All statements other than statements of
historical fact could be deemed forward- looking, including, but not limited to, any
projections of financial information; any statements about historical results that may
suggest trends for our business; any statements of the plans, strategies, and objectives of
management for future operations; any statements of expectation or belief regarding
future events, potential markets or market size, technology developments, or
enforceability of our intellectual property rights; and any statements of assumptions
underlying any of the items mentioned. These statements are based on estimates and
information available to us at the time of this presentation and are not guarantees of
future performance. These risks and uncertainties include, but are not limited to, the risk that Transmode shareholders fail to
tender more than 90% of Transmode’s outstanding shares, that any other closing conditions
are not satisfied, and that the transaction may not close; the risk that
Transmode’s and Infinera’s businesses will not be integrated successfully; the risk that
synergies will not be realized or realized to the extent anticipated; the risk that the
combined company will not realize on its financing or operating strategies; the risk
that litigation in respect of either company or the transaction could arise; and the
risk
that disruption caused by the combined company would make it difficult to maintain certain
strategic relationships. These risks and uncertainties also include those risks and
uncertainties discussed in the offer document to be filed with the Swedish Financial
Supervisory Authority and in the Registration Statement on Form S-4 to be filed with the SEC, those risks and
uncertainties identified under the heading “Risk Factors”
in the Infinera Annual Report on Form 10-K for the year ended
December 27, 2014, filed with the SEC, and those risks and uncertainties identified in any
subsequent reports filed with the SEC by Infinera. Our SEC filings are available on our
website at www.infinera.com and the SEC’s website at www.sec.gov. We assume no obligation to, and do not
currently intend to, update any such forward-looking statements. Safe Harbor
|
 3 |
© 2015 Infinera
Who is Infinera?
Innovator & Leader
•
Founded 2001 in Silicon Valley, IPO 2007
•
Photonic Integrated Circuits (PICs)
•
DWDM platforms with integrated switching
•
400+ Patents Filed/Granted
•
#1 Optical company WW rated by Infonetics
Global
•
~1,400 employees
•
Headquarters Sunnyvale, CA, USA
•
Global presence |
 •
Leader
in
Intelligent
Transport
Network™
solutions
•
23% YoY revenue growth in 2014
•
140 customers in 73 countries; 59 DTN-X customers
•
Diversified customer base across multiple verticals
-
17 Tier 1s globally
-
3 of top 4 Internet Content Providers
-
4 of top 5 NA Cable/MSOs
-
Multiple top bandwidth wholesalers
Infinera Performance
4 | ©
2015 Infinera |
 5 |
© 2015 Infinera
Infinera
–
Financial
Stability
And
Continuing
to
Grow
Source: Infinera Financial Reporting
*Wall Street consensus
**Dell’Oro
Group 3Q 2014 Optical Transport Report 2 Years 20+% Growth
Strong Balance Sheet
2014 Performance
•
$668 million revenue
•
44% Gross Margin
•
$50 million net income
(Non-GAAP)
2014 vs 2013
23% YoY Growth
vs. Market**
@11%
Revenue |
 6 |
© 2015 Infinera
Building the End-to-End Portfolio
Metro
Edge
Metro
Access
Metro Aggregation
Metro
Core
Cloud
LH Core
Cloud Xpress
DTN-X
XTC4/10
XTC4
Opportunity to Accelerate into Metro Aggregation
Sliceable Photonics |
 7 |
© 2015 Infinera
Infinera + Transmode
•
Full
Metro
portfolio
accelerates
100G
metro
share
•
End-to-End
portfolio,
$15B
market*
•
Complementary
customers
and
geographies
•
Expected
non-GAAP
EPS
accretive
in
2016
•
Common
philosophy
of
profitable
growth
has
led
to
strong
financial
results
•
Shared
culture
and
talent
driving
product
excellence
•
Technology
leadership
for
Packet-Optical
&
Metro
vision
acceleration
*Source: Infonetics Q4 2014 Market Forecast for 2019
|
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© 2015 Infinera
Metro
Edge
Metro
Access
Metro Aggregation
Metro
Core
Cloud
LH Core
DTN-X
XTC4/10
Cloud Xpress
XTC4
SDN Control
Sliceable Photonics
Complementary Product Set |
 9 |
© 2015 Infinera
Common
#1 100G WDM WW ex-China
Leader in ICP, NA Cable, Wholesale & Ent.
First mover in Metro Cloud for ICPs
#1 Packet-Optical EMEA
Strength in cable, wireless back/front
haul, Ethernet services
Leverage Strengths, Cross-Sell
Source: Infonetics 2014, Dell’Oro 2014
Revenue Growth
Opportunity
Complementary Customer Base |
 10 |
© 2015 Infinera
•
In the near term, there are no changes. Business as usual.
•
For both companies, this is an expansion into new addressable
markets with very minimal overlap
•
By leveraging our combined industry impact we are anticipating
expansion, not reduction. We expect this growth to be reflected
in our staffing plans.
•
We are looking to both companies’
employees to identify
advantages and ensure success for the team and our customers
•
You will be updated as things progress
What does this mean for me? |
 11 |
© 2015 Infinera
The Integration Plan and You
Owner
Early Q2
Q2 and Q3
Late Q3
Q4 and beyond
EXEC
TEAM
YOU
Read the
FAQ
Attend All
Hands
Ask
questions
Business as usual
(Your manager will reach out to you
specifically if necessary)
Identify and
respond to all
opportunities in
your area of
expertise to ensure
success of the
combined
organization
Create
Integration
Planning
Team
Integration Planning
Underway
Approximately 12
months to
achieve full
integration
Expected
Close |
 12 |
© 2015 Infinera
This communication is neither an offer to purchase nor a solicitation of an offer to sell any
shares. This communication is for informational purpose only. The exchange offer will
not be made to, nor will exchanges be accepted from, or on behalf of, holders of shares
in any jurisdiction in which the making of the exchange offer or the acceptance thereof
would not comply with the laws of that jurisdiction. The acceptance period for the
exchange offer for shares of Transmode described in this communication has not
commenced. In connection with the proposed combination of Infinera and Transmode,
Infinera will file an offer document with the Swedish Financial Supervisory Authority
and a prospectus and a Registration Statement on Form S-4 with the SEC.
Shareholders of Transmode should read the above referenced documents and materials carefully
when such documents and materials become available because they contain important
information about the transaction. Shareholders of Transmode may obtain free copies of
these documents and materials, any amendments or supplements thereto and other
documents containing important information about Infinera and the transaction, once such documents and materials
are filed or furnished, as applicable, with the SEC, through the
website maintained by the SEC at www.sec.gov. Copies of the
documents and materials filed with the SEC by Infinera will also
be available free of charge on Infinera’s website at
www.infinera.com
under the heading “SEC Filings”
in the “Company—Investor Relations”
portion of Infinera’s website. More
information about the exchange offer, including the formal announcement of the offer and the
offer document to be filed with and approved by the Swedish Financial Supervisory
Authority, can be found on www.infinera.se.
Disclaimer |
 13 |
© 2015 Infinera
Thank You
www.infinera.com |