Allegion Plc · NYSE:ALLE
Allegion — Merger or Acquisition (April 2022)
10 slides from Allegion's merger presentation, Apr 22, 2022
Slide 1: Acquisition of Stanley Access Technologies Business
Acquisition of Stanley Access Technologies Business April 22, 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, including statements regarding the continu
Slide 3: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures The Company presents operating income, operating margin, net earnings and diluted earnings per share (EPS) on both a U.S. GAAP basis and on an adjusted (non-GAAP) basis, revenue growth on a U.S. GAAP basis and organic revenue growth on a non-GAAP basis, and adjust
Slide 4: Overview: Stanley Access Technologies Business
Overview: Stanley Access Technologies Business ▪ A leading manufacturer, installer and service provider of automatic doors in North America, primarily in the United States and Canada Automatic Swing Door ▪ Making the world accessible through robust product Sliding Doors Operators portfolio of non-re
Slide 5: Highly Strategic Combination
Highly Strategic Combination ✓ Strategic asset that further enhances Allegion’s seamless access strategy and presence in security markets ▪ Complementary non-residential specified business ▪ Fully integrated end-to-end solution provider with robust product portfolio across a range of end markets ✓ A
Slide 6: Attractive Portfolio of Seamless Access Solutions
Attractive Portfolio of Seamless Access Solutions Stanley Access Technologies Business Addition of High-Margin, Complements Allegion’s Leading Suite of Products Recurring Services Revenue Stanley Access Key Products Technologies Combined ▪ Acquisition of a leading manufacturer of seamless access pro
Slide 7: Acquisition Details
Acquisition Details Expected EBITDA Multiple 2022E ▪ Purchase price of $900 million on cash-free, debt-free basis Total Purchase Price ~16x Purchase ▪ Net purchase price of $810 million, when adjusted for ~$90 million net present value cash tax benefits Price with Tax Benefits ~14.5x ▪ 2022E EBITDA
Slide 8: Delivering Value for Allegion Shareholders
Delivering Value for Allegion Shareholders Seamless M&A Strong Disciplined Access Strategy Financial Capital Enhancement Consistency Profile Allocation ▪ Further expansion of ▪ Strong business and ▪ Projected revenue ▪ Strong balance sheet seamless access market fundamentals growth1 of high-single a
Slide 9: Allegion Pioneering Safety
ALLEGION’ PIONEERING SAFETY™
Slide 10: About Allegion
About Allegion™ Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, busi