Houghton Mifflin Harcourt Company
Houghton Mifflin Harcourt — Merger or Acquisition (September 2018)
8 slides from Houghton Mifflin Harcourt's merger presentation, Sep 12, 2018
Slide 1: HMH Divestiture of Riverside Clinical & Standardized Testing Portfolio
Exhibit 99.2 HMH Divestiture of Riverside Clinical & Standardized Testing Portfolio September 12, 2018 TMExhibit 99.2 HMH Divestiture of Riverside Clinical & Standardized Testing Portfolio September 12, 2018 TM
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures This presentation and oral statements made in connection with this presentation contain certain statements that are not historical facts, including information regarding our intentions, beliefs or current expectations concerning, among other things, t
Slide 3: Riverside Divestiture: Overview
Riverside Divestiture: Overview • HMH to sell Riverside Clinical and Standardized Testing to Alpine Investors for $140 million in cash • Riverside Portfolio was non-core to our 2020 strategy • HMH remains a provider of formative, interim benchmark assessments targeted at improving teaching and learn
Slide 4: Riverside Divestiture: Additional Detail
Riverside Divestiture: Additional Detail • Riverside is a provider of clinical, summative achievement, and other non-formative assessment — Outside of our core Learning Company strategy • Riverside Billings growth for the last three years was well below the broader Extensions growth opportunity of l
Slide 5: HMH 2020 Strategy: Three Pillars
HMH 2020 Strategy: Three Pillars 1. Enhance & Extend the Core • Provide highly differentiated products that leverage data analytics and learning science to personalize learning • Expand into faster growing, higher margin extensions in Supplemental, Intervention Solutions and Professional Services •
Slide 6: Riverside Divestiture: Financial Impact
Riverside Divestiture: Financial Impact • Riverside generated Billings of approximately $80 million in 2017 — Divestiture expected to be accretive to HMH Billings growth rate ▪ Riverside Billings growth last three years well below broader Extensions growth opportunity for low to mid-single digits —
Slide 7: Questions & Answers
Questions & Answers 7Questions & Answers 7
Slide 8: Houghton Mifflin Harcourt. The Learning Company
Ade Houghton Mifflin Harcourt. The Learning Company”
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