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| iXL Enterprises, Inc. |
| 1888 Emery St., NW, Atlanta, GA 30318 * (800) 573-5544 |
| Business Description | The company is a leading Internet services company which provides Internet strategy consulting and comprehensive Internet based solutions to Fortune 1000 companies and other corporate users of information technology. |
| Offering Information Company has | |||
| Trading As | IIXL (NASNTL) | Industry | Internet (SIC 7373) |
| Type of Stock Offered | Common Shares | Filing Date | 02/08/1999 |
| Domestic Shares Offered | 6,000,000 | Offer Date | 06/02/1999 |
| Foreign Shares Offered | 0 | Filing Range | $10.00 - $12.00 |
| Company Shares | 4,800,000 | Offer Price | $12.00 |
| Selling Shrhldrs Shares | 1,200,000 | Gross Spread | $0.840 |
| Gross Proceeds | $72,000,000 | Selling | $0.500 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 63,547,800 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| BancBoston Robertson Stephens | Co-manager | (415) 989-8500 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 371-0641 |
| SG Cowen | Co-manager | (212) 495-6000 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | ||||
| Revenues | - | - | 5.379 | 18.986 | 64.767 | - | - |
| Income from Oper. | - | - | -1.557 | -17.133 | -52.942 | - | - |
| Net Income | - | - | -1.454 | -17.012 | -63.729 | - | - |
| E.P.S | - | - | -0.370 | -2.600 | -5.410 | - | - |
| Revenue Growth (%) | - | - | 252.97 | 241.130 | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -37.44 | - | - | ||||
| Cash Flow - Inv. | -36.91 | - | - | ||||
| Cash Flow - Fin. | 70.58 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 135.22 | Current Assets | 48.44 | Current Ratio | 2.27 |
| Total Liab. | 41.87 | Current Liab. | 21.32 | Debt Ratio | 30.97% |
| Total Equity | 93.34 | Working Cap. | 27.12 | Debt to Equity Ratio | 0.45 |
| Cash | 19.26 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for repayment of indebtedness and general corporate purposes including working capital requirements and acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Debevoise & Plimpton |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Registrar/Transfer Agent | SunTrust Bank of Atlanta |
| Auditor | Pricewaterhouse Coopers LLC |
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