D/b/a Compass Diversified Holdings Shares Of Beneficial Interest · NYSE:CODI
D/b/a Compass Diversified Holdings Shares Of Beneficial Interest — Compass Diversified Holdings — Merger or Acquisition (June 2022)
11 slides from D/b/a Compass Diversified Holdings Shares Of Beneficial Interest's merger presentation, Jun 6, 2022
Slide 1: PrimaLoft Acquisition Presentation June 6, 2022
PrimaLoft Acquisition Presentation June 6, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements CAUTIONARY NOTES ON FORWARD LOOKING STATEMENTS All non-historical statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are typically identified by words
Slide 3: Compass Diversified logo
" | MPASS i VERSIFIED
Slide 4: PrimaLoft is the leading provider of branded, high-performance synthetic insulation
Branded, high-performance synthetic insulation used primarily in consumer outerwear and accessories X ThermoPlume® X Gold Active PRIMALOFT IS THE LEADING PROVIDER OF 4
Slide 5: PrimaLoft has earned the trust of more than 950+ of the world's leading brands
PrimaLoft has earned the trust of more than 950+ of the world’s leading brands Well-Diversified Brand Partner Relationships ~63% Net Sales to N. American brands ~30% Net Sales to European brands ~7% Net Sales to Asian brands 5
Slide 6: Strategic Attributes
Strategic Attributes Founded in 1983 to develop a synthetic insulation for soldiers that replicated the warmth and weight of traditional goose down, but remained warm when wet 6 (1) Sales as of April 2022. 01 Innovation leader in the growing synthetic insulation market Earned the trust of leading br
Slide 7: Large Addressable Market Opportunity
LARGE ADDRESSABLE MARKET OPPORTUNITY $3+ Billion PrimaLoft share of addressable market Insulation sold annually in PrimaLoft’s current product categories and price lanes PROPRIETARY PRIMALOFT® INSULATION ENHANCES PERFORMANCE AND SUSTAINABILITY <3% Addressable Market 7 Gaining market share in synth
Slide 8: PrimaLoft is Relentlessly Responsible
PrimaLoft is Relentlessly ResponsibleTM Recycled Content Returning to Nature Reducing Emissions Designing to Last Enabling Circularity Strategic Alliance Non-petroleum-based products start by converting recycled plastics, including ocean plastics, into fibers. First-ever synthetic insulation and fab
Slide 9: PrimaLoft's Exceptional Financial Profile
PrimaLoft’s Exceptional Financial Profile1 >$76mm of revenue; ~$32mm of EBITDA ~40% EBITDA margins High Free Cash Flow (CapEx < 1% of Revenue) ~16% Revenue CAGR since 2017 9 Negative working capital (1) PrimaLoft financial information as of May 2022.
Slide 10: Terms of the Transaction
Terms of the Transaction $530mm Enterprise Value ($495mm CODI) Expected close July 2022 Management and sellers rolling over ~$35mm; will become ~9% equity owners Expected to draw ~$495 on revolver; leaving availability of ~$105mm (does not include upsize option of $250mm) ~4.1x Total leverage1, pro
Slide 11: Thank you!
2 COMPASS DIVERSIFIED Thank you!
Compass Diversified Holdings — Merger or Acquisition (June 2022) on 6ix