Core Viewpoint - Gildan Activewear Inc. is acquiring HanesBrands Inc. in a deal valued at approximately $2.2 billion in equity and $4.4 billion in enterprise value, aiming to create one of the largest players in basic apparel [1][8] Group 1: Transaction Details - The merger will provide HanesBrands shareholders with 0.102 Gildan shares and $0.80 in cash per share, valuing HanesBrands stock at $6.00, which is a 24% premium to its closing price on August 11 [1] - The transaction has been unanimously approved by both companies' boards and is expected to close in late 2025 or early 2026 [2] Group 2: Financial Projections - The combined company is projected to have pro forma annual revenues of $6,883 million and adjusted EBITDA of $1,553.8 million, including $200 million in anticipated annual cost synergies to be realized within three years [2][8] - Gildan expects immediate accretion to adjusted earnings per share (EPS), with more than 20% accretion once synergies are factored in [2] Group 3: Strategic Benefits - The merger will enhance scale and market positioning, improving go-to-market capabilities and product diversification [3] - Gildan's low-cost vertically integrated production model will be utilized to optimize HanesBrands' operations and expand brand presence in activewear [3] Group 4: Financing and Debt Management - Gildan has arranged $2.3 billion in committed funding for the acquisition, consisting of a $1.2 billion bridge facility and $1.1 billion in term loans [4] - Following the deal's completion, Gildan expects its net debt leverage to be around 2.6x adjusted EBITDA, with plans to reduce this ratio to 2.0x or less within 12-18 months post-closing [5] Group 5: Future Outlook - Gildan has reaffirmed its full-year 2025 revenue and EPS targets, expecting net sales growth at a CAGR of 3-5% and adjusted EPS growth in the low-20% range from 2026 to 2028 [6]

Gildan Activewear (GIL) M&A Announcement August 13, 2025 08:30 AM ET Company ParticipantsJessy Hayem - SVP, Head of IR & Global CommunicationsGlenn Chamandy - Founder, President & CEOStephen Bratspies - Member of Board of Directors & CEOLuca Barile - EVP & CFOJay Sole - Managing DirectorPaul Lejuez - Managing DirectorChris Li - MD - Equity ResearchBrian Morrison - VP & DirectorMartin Landry - MD - Equity ResearchStephen MacLeod - MD & Equity Research - Special SituationsConference Call ParticipantsVishal Sh ...

HanesBrands (HBI) M&A Announcement August 13, 2025 08:30 AM ET Speaker0Ladies and gentlemen, thank you for standing by, and welcome to today's conference call. Please be advised that today's call is being recorded. I would now like to hand the conference over to Jessie Hamm, Senior Vice President, Head of Investor Relations and Global Communications. Please go ahead.Speaker1Thank you, Sarah, and good morning, everyone. Thank you for joining us on such short notice. Earlier today, we were excited to announce ...

Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader August 13, 2025 1 FORWARD-LOOKING STATEMENTS AND INFORMATION In this Presentation, references to "Gildan" refer to Gildan Activewear Inc., and, where applicable, together with its subsidiaries, and references to "HanesBrands" refer to HanesBrands Inc. and, where applicable, together its subsidiaries. Certain statements included in this presentation constitute "forward-looking statements" and forward-looking information within th ...