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Watson Wyatt & Company Holdings
6707 Democracy Boulevard, Suie 800, Bethesda, MD 20817 * (301) 581-4600
Business Description The company, founded in 1946, is one of the world's leading human capital consulting firms. We help clients enhance their business performance by improving their ability to attract, retain and motivate qualified employees.
Offering
Information

Company has
gone public

Trading As  WW (NYSE) Industry  Service (SIC 8742)
Type of Stock Offered  Class A Common Shares Filing Date  1/19/00
Domestic Shares Offered  5,600,000 Offer Date  10/10/00
Foreign Shares Offered  0 Filing Range  $11.50 - $13.50
Company Shares  2,800,000 Offer Price  $12.50
Selling Shrhldrs Shares  2,800,000 Gross Spread  $0.875
Gross Proceeds  $70,000,000 Selling  $0.515
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Donaldson, Lufkin & Jenrette Securities Corp. Lead Manager (212) 371-0641
Banc of America Securities LLC Co-manager (415) 627-2100
DLJDirect, Inc. Co-manager (800) 825-5723
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 3 Months Ending
Figures in U.S. millions except per share data     6/30/97 6/30/98 6/30/99 9/30/98 9/30/99
Revenues   - - 486.502 512.660 556.860 133.985 146.323
Income from Oper.   - - 12.381 -56.212 12.135 7.294 6.356
Net Income   - - 0.898 -126.118 20.813 7.294 6.356
E.P.S   - - 0.710 -3.270 0.800 0.470 0.410
Revenue Growth (%)      - - 5.38 8.622   9.21
Net Income Growth (%)      - - - -   -12.86
Oper. Profit Margin (%)    - - 2.54 - 2.18 4.34 5.44
Net Profit Margin (%)    - - 0.18 - 3.74 4.34 5.44
Cash Flow - Oper.     54.54 - -
Cash Flow - Inv.     -21.43 - -
Cash Flow - Fin.     -11.09 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 9/30/99 Financial Ratios
Total Assets    304.39 Current Assets    - Current Ratio    -
Total Liab.    372.29 Current Liab.    - Debt Ratio    122.31%
Total Equity    -67.91 Working Cap.    5.67 Debt to Equity Ratio    -
Cash    13.84    Return on Assets   2.09%
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and other general corporate purposes which may include the retirement of existing indebtedness, if any, and possible strategic acquisitions.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Cadwalader, Wickersham & Taft
Bank's Law Firm  Winston & Strawn
Auditor  Pricewaterhouse Coopers LLC
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Last updated: 10/14/00 4:17:45 PM
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