Creating a Leading Global Advisory, Broking and Solutions Firm June 30, 2015 1
Todays Presenters DOMINIC CASSERLEY Chief Executive Officer JOHN HALEY Chairman and Chief Executive Officer 6
A Highly Complementary, Strategic Combination Creates leading global advisory, broking and solutions firm POWERFUL CLIENT PROPOSITION Integrated global platform with highly complementary offerings Comprehensive advice, analytics,…
Significant Shareholder Value Creation Accelerate revenue, cash flow, EBITDA and earnings growth DELIVERING TANGIBLE REVENUE CAPITALIZING ON IDENTIFIED GROWTH OPPORTUNITIES COST SYNERGIES GB, WESTERN EUROPE & REST OF WORLD 100 -…
Transaction Overview Merger of equals Approximately 18 billion transaction value Transaction Pro forma ownership: 50.1% Willis shareholders and 49.9% Towers Watson shareholders, on a Structure fully diluted basis Combined company…
Organizational Structure of the Combined Company CEO John Haley PRESIDENT AND DEPUTY CEO Dominic Casserley BUSINESS LINES REGIONS CORPORATE CORPORATE RISK & BROKING GREAT BRITAIN CFO Tim Wright Nicolas Aubert Roger Millay Willis…
Towers Watson Overview BUSINESS DESCRIPTION FY 2014 REVENUE BY SEGMENT A leading provider of advisory services and solutions across four business segments: 3% 17% Benefits Retirement Health and Group Benefits 18% Technology and…
Willis Overview BUSINESS DESCRIPTION FY 2014 REVENUE BY SEGMENT Willis is a leading global risk advisory, re/insurance broking, and human capital and benefits firm organized in four business segments: 18% 27% Willis North America…
Willis Towers Watson: A Comprehensive Offering Powerful Global Growth Platform BROAD APPEAL TO CLIENTS WORLDWIDE 14
Tangible Revenue Growth Opportunities GB, WESTERN EUROPE & REST OF WORLD Expand Towers Watsons reach by 80+ countries Internationalize Towers Watsons Global Health and Group Benefits solutions and exchange platform over time…
Capitalizing on Identified Cost Synergies EXPECTED RUN RATE COST SYNERGIES OF 100 - 125 MILLION Cost savings expected to be fully realized within three years post close Corporate costs Proven track Economies of scale record of…
Roadmap for Successful Integration Walnut Joint integration team Joint integration team Well-defined integration process Proven integration process Strongest combination of talent and practices Strongest combination of talent…
A Highly Complementary, Strategic Combination Creates leading global advisory, broking and solutions firm POWERFUL CLIENT PROPOSITION Integrated global platform with highly complementary offerings Comprehensive advice, analytics,…
Towers Watson Non-GAAP Measures Adjusted EBITDA Net income (attributable to common stockholders) adjusted for discontinued operations, net of tax, provision for income taxes, interest, net, depreciation and amortization, transaction and…
Willis Non-GAAP Measures Underlying EBITDA Net income (attributable to Willis Group Holdings) adjusted for net income attributable to non-controlling interests, interest in earnings of associates, net of tax, income tax charges, interest…