SLIDE 1
Confidential & Proprietary
1
Confidential & Proprietary
Investor Presentation
January 2018
Shaping Connections
Confidential & Proprietary
2
Forward Looking Statements
Cautionary Note Regarding Forward-Looking Statements
This document contains certain “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," “our vision,” "plan," "potential," "preliminary," "predict," "should," "will," or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, statements regarding, expected investment, savings and growth opportunities. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including, but not limited to timing of effectiveness of our registration statement, and those risks discussed in the Company’s Registration Statement on Form 10, as amended, may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward- looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. This presentation should be read in conjunction with our fourth fiscal quarter 2017 earnings press release posted on December 22, 2017. Within this presentation, we refer to certain non‐GAAP financial measures that involve adjustments to GAAP measures. Reconciliations between our non-GAAP financial measures and GAAP financial measures are included on our website at investors.avaya.com. The financial information in this presentation includes financial information that is not presented in accordance with generally accepted accounting principles (“GAAP”). We refer to these measures as “non-GAAP financial measures”. The non-GAAP financial measures may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools and should not be considered in isolation
- r as a substitute for analysis of our operating results as reported under GAAP.
“EBITDA” in this presentation reflects Adjusted EBITDA (as defined in Company filings and earnings releases) further adjusted to exclude OCI addback and Pension/OPEB/LTD/FAS 112 expense; this adjustment is utilized to exclude the non-operational / non-cash impact of pension-related items. Based on the aforementioned definition, “EBITDA” in this presentation is analogous to the “Adjusted EBITDAP” metric as presented in the Amended Plan Disclosure Statement (Exhibit F) and Avaya’s prior 8-K filings. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, none of the Company, its affiliates, nor its or their respective directors, offices, employees, members, partners, shareholders or agents makes any such representation or warranty with respect to the accuracy of such information. These slides, as well as current and historical financial data are available on our website at investors.avaya.com None of the information included on the website is incorporated by reference in this presentation.