PNC Financial Services Group, Inc. (the) · NYSE:PNC
PNC Financial Services Group, Inc. (the) — The PNC Financial Services Group — Reg A Offering (February 2022)
23 slides from PNC Financial Services Group, Inc. (the)'s offering presentation, Feb 9, 2022
Slide 1: Generating Deal Efficiencies in a Booming Market
PNC Financial Sponsor Webinar Generating Deal Efficiencies in a Booming Market Wednesday, February 9, 2022 | 2 p.m. ET The audio portion of this event will stream through your If you have questions or technical issues, don't hesitate to computer, so please verify that your volume is on and at contac
Slide 2: Speakers and moderator
Generating Deal Efficiencies in a Booming Market SPEAKERS: Ben Whiting Walt Hill Joe Dattoli Jessica Mueller Managing Director & Head of Chemicals Senior Vice President & Group Senior Vice President, Director, M&A, Fortis & Plastics, PNC Head, Steel City Capital M&A Escrow & Paying Advisors Funding,
Slide 3: Agenda
Agenda Introduction Market Trends Deal Sourcing – PNC’s Industry Expertise Deal Financing – Partnership with Junior Capital Deal Closing Process – Efficient Solutions for Closing and Post-Closing Challenges Questions Speaker Contact and Bios Deal Deal Closing Sourcing Process Deal Fina
Slide 4: Market Trends
Market Trends PE Growth Key Trends Fundraising 1 High levels of fundraising continue with $301.3B PE Fundraising Activity raised in 20211 $600.0 Deal value and count reached all time highs with 513 2 $500.0 507 478 $1T in total deal value and 8,624 deals completed1 $400.0 441 426 439 433 389 $300.0
Slide 5: Deal Sourcing: PNC's Industry Expertise
Deal Sourcing PNC’s Industry Expertise 1 PNC’s Industry Expertise Overview PNC’s dedicated industry teams differentiate the bank by delivering unique ideas to 2 PNC Chemicals & Plastics Details our clients and prospects. Our dedicated industry expertise coupled with our local relationship model is b
Slide 6: Specialty Industries
Specialty Industries Unique Coverage Model Provides “Best of Both Worlds” for Clients Coverage model provides industry experts that work in tandem with BDOs, in-market RMs and product partners – unique approach provides clients the best of both worlds: Dedicated team versed in their industry tha
Slide 7: PNC's Chemicals & Plastics Snapshot
PNC’s Chemicals & Plastics Snapshot Expansive coverage model with wide range of financing solutions Key PNC Chemical & Plastic Highlights Extensive Subsector Knowledge & Experience Ag Chem (Fertilizer, Crop Protect, Seed Treat) $7B+ Capital Committed Construction (Adhesives, Sealants, Coatings) Cons
Slide 8: Chemical Distribution Support Illustration
Chemical Distribution Support Illustration Valuation ($10mm EBITDA) Competitive Landscape Precedent $95 $105 Transactions Public Public Comps $97 $108 DCF $100 $110 PE-Backed LBO $92 $100 Median $96 $106 Private $80 $90 $100 $110 $120 Specialty vs. Commodity Distributor Dynamics Product Characterist
Slide 9: Support for Clients & Prospects
Support for Clients & Prospects Value-add Offering for Financial Sponsors Adding Value to Clients & Prospects For Sponsors (and their Portcos) Advocating for Clients Thoughts around valuation for prospective targets Internal advocate for the sponsor / portco by assisting credit and risk in their
Slide 10: Deal Financing: Partnership with Junior Capital
Deal Financing Partnership with Junior Capital 1 Why Use a Unitranche Facility? Unitranche is part of PNC’s DNA Started providing these structures in the mid-2000s Closed thousands of transactions with hundreds of 2 Navigating Different Landscapes for Regulated and Non-Regulated Lenders non-regu
Slide 11: Why Use a Unitranche Facility?
Why Use a Unitranche Facility? Private Credit1: Controls about $1.2 trillion, nearly twice the capital as five years ago On track to become the second-largest alternative asset class based on AUM by the end of 2023 Dedicated money should hit $2.69 trillion by the end of 2026, making it the fas
Slide 12: Navigating Different Landscapes
Navigating Different Landscapes Regulated and Non-Regulated Lenders Type of Lender Pros Cons Revolving bank liquidity Depth of leverage Low cost of capital Tighter covenants Regulated (i.e. bank) Ancillary capabilities (i.e. cash Faster payback requirements management, FX, derivatives, L
Slide 13: Deal Examples
Deal Examples Best Practices in Action Situation #1 Situation #2 Situation #3 Missing Revolver Yield Enhancement Inter-Lender Standstill Revolver with multi- Cheaper first out term loan to Acquisition financing with a short currency capabilities blend the overall cost of capital timeframe to f
Slide 14: Efficient Solutions for Closing and Post-Closing Challenges
Efficient Solutions for Closing and Post-Closing Challenges 1 Fortis Shareholder Representative Services Fortis is a leading provider of post-closing shareholder representative services to Venture & PE Funds and private companies in M&A transactions. 2 PNC PAID Paying Agent and Escrow Services PNC p
Slide 15: Fortis Shareholder Representative Services
Fortis Shareholder Representative Services Outsource Post-Closing Burden While Allowing Shareholders to Retain Control Point Person for all Communications Management of Post-Closing Events & Distributions Generates Overall Efficiency Throughout the Post-Closing Period Industry Experience Insulation
Slide 16: PNC PAID Paying Agent and Escrow Agent Services
PNC PAID Paying Agent and Escrow Agent Services Streamlines and Integrated Services PNC’s comprehensive Escrow & Paying agent services provides solutions to clients who are seeking to mitigate counterparty risk and/or need to facilitate merger proceeds to equity holders of a target company. Paying A
Slide 17: Pre and Post Closing Efficient Integration
Pre and Post Closing Efficient Integration Shareholder Representative and Escrow & Paying Agent Services Shareholder Rep Services Full-Service from End-to-End Escrow and Paying Agent Services • Legal Team reviews transaction documents and • Negotiate agreements with deal parties can provide input fr
Slide 18: Case Study: Real Solutions for Deal Complications
Case Study: Real Solutions for Deal Complications Shareholder Representative and Paying Agent Cooperation Fortis and PNC can relieve pressure from Company and Seller Counsel while lowering overall cost of transaction to the Sellers Issue • Company X must collect certain approval documents Fortis & P
Slide 19: Contact our Team
Contact our Team Diversified Industries Steel City Capital Funding Fortis Shareholder Rep Group Ben Whiting Walt Hill Jessica Mueller Managing Director & Head of Senior Vice President & Director, M&A Chemicals & Plastics, PNC Group Head, Steel City Fortis Advisors Capital Funding [email protected]
Slide 20: Questions?
Questions? FORTIS (PNC,
Slide 21: Speaker Bios
Generating Deal Efficiencies in a Booming Market SPEAKER SPEAKER SPEAKER SPEAKER MODERATOR Ben Whiting Walt Hill Joe Dattoli Jessica Mueller Aimee LeWinter Managing Director & Head of Senior Vice President & Group Senior Vice President, Director, M&A, Fortis Managing Director, Financial Chemicals &
Slide 22: Thank you for attending
PNC Financial Sponsor Webinar Generating Deal Efficiencies in a Booming Market Thank you for attending. The information and materials were prepared for general information purposes only and are not intended as legal, tax or accounting advice or as recommendations to engage in any specific transactio
Slide 23: Standard Disclosure
Standard Disclosure PNC, PNC Bank, ACHIEVEMENT, PINACLE, Working Cash, ActivePay, Global Trade Excellence, Midland Loan Services, Enterprise!, CMBS Investor Insight, Portfolio Investor Insight, Borrower Insight, Shared Servicing, PNC Riverarch Capital, PNC Erieview Capital, Solebury Capital, Solebur
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