Nibe Industrier Ab Class B · OMXSTO:NIBE_B

Nibe Industrier Ab Class B — Merger or Acquisition (June 2014)

13 slides from Nibe Industrier Ab Class B's merger presentation, Jun 23, 2014

  1. Slide 1: NIBE to acquire WaterFurnace

    NIBE to acquire WaterFurnace NIBE CEO Gerteric Lindquist/WaterFurnace CEO Tom Huntington Markaryd (SE)/Fort Wayne (USA) – June 23, 2014

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement This presentation contains forward-looking statements made pursuant to the Safe Harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of Canadian /Securities laws that are based on management

  3. Slide 3: Our vision

    Our vision To create world-class solutions in sustainable energy 3

  4. Slide 4: Transaction Highlights (1)

    Transaction Highlights 1 (2) • WaterFurnace Renewable Energy, Inc. – A market leader of the U.S. residential geothermal heat pump heating and cooling solutions market – Company’s offering: geothermal heat pump heating, Select Key Products cooling, hot water, and control systems for residential, comm

  5. Slide 5: Transaction Highlights (2)

    Transaction Highlights 2 (2) • Creating a global leader in sustainable energy solutions – Enhanced market leadership and growth platform – Complementary operations – EPS accretive in year one • NIBE to acquire WaterFurnace in recommended all-cash deal – WaterFurnace Renewable Energy, Inc. – listed o

  6. Slide 6: WaterFurnace profile: Unique go-to market strategy

    WaterFurnace profile 1 (4) • Unique go-to market strategy Dealers Dealers Distributors Distribution Manufacturer’s Rep Manufacturer’s Rep OEM  Network of premier  Sell through  Important channel  Contract dealers across North distributors to for commercial manufacturing America ensure wider prod

  7. Slide 7: WaterFurnace profile: Proven multi-channel strategy

    WaterFurnace profile 2 (4) • Proven multi-channel strategy Dealer Network  Approximately 3,000 dealers strategically 47 located throughout the United States 27 21 1 46 22 30 66 62 141 68 29  33 distributors in 22 states 10 13 65 168 46 5 19 4 55 57 104 388 233 11 97 11  Strong Manufacturer's Rep

  8. Slide 8: WaterFurnace profile: Portfolio of market-leading branded products

    WaterFurnace profile 3 (4) • Portfolio of well respected, market-leading branded products  Inception in 1983  Exclusive brand for  Australia-based  JV in China distribution  Over 373,000  Designs and  Waterfurnace network systems installed manufactures line Shenglong HVACR  Balanced approach

  9. Slide 9: WaterFurnace profile: Sales by Segment and Region

    WaterFurnace profile 4 (4) Sales by Segment Sales by Region (2013) (2013) International Commercial Canada 10% 3% 30% 70% 87% Residential United States 9

  10. Slide 10: Transaction Effects: NIBE Pro forma Sales and EBIT

    Transaction Effects 1 (2) NIBE Pro forma Sales NIBE Pro forma EBIT (2013 basis) (2013 basis) WaterFurnace WaterFurnace 8% 10% 92% 90% NIBE NIBE 10 Note: WaterFurnace sales and EBIT converted to SEK at a SEK/USD exchange rate of 6.73

  11. Slide 11: Transaction Effects: NIBE Pro forma effects

    Transaction Effects 2 (2) • NIBE Pro forma effects – Offer: Equity value of C$378 million (US$351 million or SEK 2,365 million) – Financing: Cash payment through existing credit facilities – Net debt/EBITDA*: 3.10 times (pro forma LTM basis as at December 31, 2013) – Pro forma 2013: net sales SEK 10

  12. Slide 12: Summary Rationale

    Summary Rationale 1. Creating a true global market leader – strengthened competitive industry position 2. North America platform – geographic expansion & diversification of growth potential 3. Access to valuable competencies and new technologies – leverage across NIBE Group 4. Strong brand, offering

  13. Slide 13: To create world-class solutions in sustainable energy

    To create world-class solutions in sustainable energy 13

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