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  "documentTitle": "Rentokil Initial | Mergers and Acquisitions Presentation Deck | 21 slides",
  "authorId": "rentokil-initial",
  "authorName": "Rentokil Initial",
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  "presentationDate": "2021-12-01 00:00:00",
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  "pageNumber": 10,
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      "text": "04 An attractive financial profile",
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      "text": "Opportunity to increase Group Net Operating Margins through cost reductions and operational efficiencies by c.100bps in each of the full three years post completion",
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      "text": "Note: GBP/USD rate of 1.3273 as per 10 December 2021 used to form Combined Group. Calculated using Terminix financial results in US GAAP and Rentokil Initial results in accordance with IFRS.",
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      "text": "Balance sheet strength to support growth... Highly cash generative... Creates a larger and more diversified North America business... Limited integration risk... Ongoing commitment to strong, complementary Hygiene & Wellbeing business... Rentokil Initial’s medium-term target growth rates maintained... Retained commitment to Rentokil Initial’s current progressive dividend policy",
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      "text": "North America Business Mix: Terminix (76% Res, 24% Comm), Rentokil Initial (40% Res, 60% Comm), Pro Forma (~60% Res, ~40% Comm)",
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      "text": "Highly Compelling Industrial Logic / 4",
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