EX-99.F 8 c28573_ex-f.txt Exhibit F PRELIMINARY DRAFT MANAGEMENT PRESENTATION TO THE [LOGO] HERCULES BOARD OF DIRECTORS 11-FEB-2002 PRELIMINARY DRAFT SUMMARY HERCULES INCOME STATEMENT Status Quo and Pro Forma for the Sale of the Water Business (US$ in millions) --------------------------------------------------------------------------------
SALES Strategic Plan Bank Plan Historical Trend Plan --------------- ------------------ --------------------- 2001A 2002F 2003F 2002F 2003F 2002F 2003F ------- --------------- ------------------ --------------------- Status Quo $2,507 $2,554 [REDACTED] $2,500 [REDACTED] $2,434 [REDACTED] Water Business (2) 844 863 [REDACTED] 863 [REDACTED] 839 [REDACTED] ---------------------------------- --------------- ------------------ -------------------- Pro Forma $1,663 $1,691 [REDACTED] $1,637 [REDACTED] $1,595 [REDACTED] ---------------------------------- --------------- ------------------ -------------------- EBITDA 2001A 2002F 2003F 2002F 2003F 2002F 2003F ------------------------ ------------------ --------------------- Status Quo $440 $598 [REDACTED] $558 [REDACTED] $479 [REDACTED] - Water Business (3) (217) (262) [REDACTED] (262) [REDACTED] (236) [REDACTED] + Incr. Cost Reductions 25 25 [REDACTED] 25 [REDACTED] 25 [REDACTED] - Incr. Corporate Indirect (1) (1) [REDACTED] (1) [REDACTED] (1) [REDACTED] ---------------------------------- --------------- ------------------ --------------------- Pro Forma $248 $360 [REDACTED] $320 [REDACTED] $267 [REDACTED] ---------------------------------- --------------- ------------------ --------------------- EPS 2001A 2002F 2003F 2002F 2003F 2002F 2003F ------- --------------- ------------------ --------------------- Status Quo $(0.02) $1.15 [REDACTED] $0.91 [REDACTED] $0.48 [REDACTED] ---------------------------------- --------------- ------------------ --------------------- Pro Forma $ 0.05 $0.74 [REDACTED] $0.50 [REDACTED] $0.23 [REDACTED] ---------------------------------- --------------- ------------------ ---------------------
(1) HISTORICAL AND PROJECTED FINANCIAL INFORMATION AS PER HERCULES MANAGEMENT. (2) EXCLUDES REVENUE FROM TOLLING AND DISTRIBUTION ARRANGEMENTS WITH PULP & PAPER. (3) INCLUDES $9.1MM OF ALLOCATED INDIRECT COSTS IN 2001-2003. -------------------------------------------------------------------------------- Management Review of Projections 12