-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IQZy3ZWmRlEQRvGsTUv1e1H+jmPfHMu4KgUr8Z5ZIU26hRWUodAdFyQbXC3hvTdX mYers/3p6dQO3HxpThN1nw== /in/edgar/work/0000898822-00-000718/0000898822-00-000718.txt : 20001013 0000898822-00-000718.hdr.sgml : 20001013 ACCESSION NUMBER: 0000898822-00-000718 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001012 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEAGRAM CO LTD CENTRAL INDEX KEY: 0000088188 STANDARD INDUSTRIAL CLASSIFICATION: [2080 ] IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 425 SEC ACT: SEC FILE NUMBER: 001-02275 FILM NUMBER: 739016 BUSINESS ADDRESS: STREET 1: 1430 PEEL ST STREET 2: H3A 1S9 CITY: MONTREAL QUEBEC CANA STATE: A8 BUSINESS PHONE: 5148495271 MAIL ADDRESS: STREET 1: C/O JOSEPH E SEAGRAM & SONS INC STREET 2: 375 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10152 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VIVENDI CENTRAL INDEX KEY: 0000920617 STANDARD INDUSTRIAL CLASSIFICATION: [4813 ] IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 52 RUE D ANJOU CITY: PARIS, FRANCE STATE: I0 ZIP: 75384 BUSINESS PHONE: 0113314924 MAIL ADDRESS: STREET 1: C/O COMPAGNIE GENERALE DES EAUX STREET 2: 52 RUE D'ANJOU CITY: PARIS STATE: I0 ZIP: 75384 FORMER COMPANY: FORMER CONFORMED NAME: COMPAGNIE GENERALE DES EAUX DATE OF NAME CHANGE: 19940321 425 1 0001.txt FORM 425 Filed by Vivendi Pursuant to Rule 425 under the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: The Seagram Company Ltd. Commission File No. 1-2275 and Subject Company: Canal Plus S.A. Commission File No. 82-2270 October 12, 2000 [UNIVERSAL LOGO] TOM WILLIAMS UNIVERSAL STUDIOS RECREATION GROUP [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] IMPORTANT LEGAL DISCLAIMER - - These documents contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in these documents address the following subjects: expected date of closing the merger; future financial and operating results; and timing and benefits of the merger. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the risk that the Vivendi, Canal+'s and Seagram's businesses will not be integrated successfully; costs related to the merger; failure of the Vivendi, Canal+ or Seagram's stockholders to approve the merger; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; inability to establish and maintain relationships with commerce, advertising, marketing, technology, and content providers. Investors and security holders are urged to read the joint proxy statement/prospectus regarding the business combination transaction referenced in the foregoing information, when it becomes available, because it will contain important information. The joint proxy statement/prospectus will be filed with the Securities and Exchange Commission by Vivendi, Canal+ and Seagram. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents filed by Vivendi, Canal+ and Seagram with the Commission at the Commission's web site at www.sec.gov. The joint proxy statement/prospectus and these other documents may also be obtained for free from Vivendi, Canal+ and Seagram. Information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is contained in the joint press release relating to the transaction filed with the Commission by each of Vivendi and Seagram, on June 20, 2000. [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL STUDIOS RECREATION GROUP - - Universal has evolved from a studio tour to a major worldwide player in the theme park industry supported by Steven Spielberg as creative consultant. [Universal Studios Global Graphic] [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION - BUSINESS STRATEGY "To significantly grow the value of the Universal Studios brand by creating superior entertainment experiences for consumers worldwide through strategic partnerships which deliver attractive financial returns." [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION - OVERVIEW Profile of Theme Parks
Year of Opening/ Park Acquisition Participation - ---- ----------- ------------- Universal Studios Hollywood 1964 100% equity Universal Orlando - Universal Studios & 1990/1999 50% equity / 7.5% fee / 56% EBITDA Islands of Adventure - Wet 'n Wild 1998 100% equity Universal Studios Beijing 1998 50% equity / 50% EBITDA Universal Studios Port Aventura 1998 37% equity / 6% fee / 52% EBITDA Universal Studios Japan 2001 24% equity / 7.5% fee / 39% EBITDA
Universal Studios Japan opening will grow Universal's Theme Park Attendance to 31MM [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION - FINANCIAL OVERVIEW
Growth CY 2000 CY 2002 00 - '02 ------- ------- -------- Revenue Consolidated $410 million $ 475 million 16% Unconsolidated 490 million 735 million 50% ------------ -------------- ------ Attributed $900 million $1,210 million 33% EBITDA Consolidated $150 million $ 183 million 22% Unconsolidated 100 million 217 million 117% ------------ -------------- ------ Attributed $250 million $ 400 million 60%
[VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION - GROWTH DRIVERS - - Florida - Universal Orlando - Second park already driving paid attendance increase of over 80% (FY'98 - FY'01) - Opening Hard Rock and Royal Pacific Hotels growing resort to a total 2,400 rooms on-site - - Osaka - Universal Studios Japan - "Best of the Best" of Universal Studios Attractions - 35 million people within a 100 mile radius of the park Translating into the highest attended Universal Studios Theme Park - - California - Universal Studios Hollywood - CityWalk expansion featuring 30 new entertainment, dining and retail choices - - Spain - Universal Studios Port Aventura - Transforming park into a pan European resort destination: - Water Park / Two Hotels / Spa / Beach Club & Golf [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION AND VIVENDI SYNERGIES - - Grow awareness - Cross promotion: Vizzavi / Theme Parks Canal + / Theme Parks Havas / Theme Parks - Vivendi Universal employee incentives ("Fan Club", etc..) - - Leverage assets and subscriber bases - Consumer knowledge - In-park presence: Game characters Canal+ properties - - Leverage technological expertise - Wireless application in theme parks: - Park concierge - virtual queue lines - E-Mail - Music sampling - Scoot.com: interactive classified information - flipside.com: on-line gaming tie-ins - Web-site links [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION AND VIVENDI SYNERGIES - - Vivendi Universal explodes consumer "touch points" = Awareness growth = Attendance increase + Fixed cost theme park environment = Outstanding EBITDA Opportunity 1% Increase in Global Attendance* >> $10 million incremental EBITDA [VIVENDI UNIVERSAL LOGO] [UNIVERSAL LOGO] UNIVERSAL RECREATION - SUMMARY - - Capital investment substantially behind us - future growth highly leveraged for incremental profit - - Strong EBITDA base and growth - Japan opens spring '01 - - Vivendi Universal synergies offer incremental opportunities and outstanding EBITDA returns [VIVENDI UNIVERSAL LOGO] -----END PRIVACY-ENHANCED MESSAGE-----