Hiab Oyj Class B · OMXHEX:HIAB
Hiab Oyj Class B — Cargotec — Merger or Acquisition (April 2023)
11 slides from Hiab Oyj Class B's merger presentation, Apr 27, 2023
Slide 1: Cargotec plans to separate Kalmar and Hiab
Cargotec plans to separate Kalmar and Hiab 27 April 2023 Casimir Lindholm, CEO
Slide 2: Disclaimer
Disclaimer The following applies to this presentation, the oral presentation of the information in this presentation by Cargotec Corporation (the “Company” or “Cargotec”) or any person on behalf of the Company, and any question-and-answer session that follows the oral presentation (collectively, the
Slide 3: Cargotec Board has decided to investigate a process to separate Kalmar and Hiab
Cargotec Board has decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two focused world-leading standalone listed companies to unlock shareholder value
Slide 4: Unlocking shareholder value
Unlocking shareholder value Cargotec is planning to separate Kalmar through a partial demerger The separate listing of Kalmar on Nasdaq Helsinki is expected to take place in 2024 In parallel, Cargotec’s focus remains to continue looking for a solution for MacGregor during 2024 If the planned actions
Slide 5: Purpose of the planned partial demerger
The purpose of the planned partial demerger is to carry out the separation of Kalmar and Hiab and unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.
Slide 6: Strategic rationale of the planned separation
Strategic rationale of the planned separation: Logical next step to capture full business potential Unlocks the full potential of Kalmar and Hiab with more distinctive strategies and investment stories Increases attractiveness and facilitates fair valuation of the businesses with currently limited c
Slide 7: Limited overlap between the businesses
Limited overlap between the businesses – across end-markets, sales & distribution channels and technological focus Technology forerunner in container handling and heavy Industry pioneer in on-road load handling with a strong logistics with strong market positions, geared to grow by track record of p
Slide 8: Plan is to create two standalone listed companies
Plan is to create two standalone listed companies Today Intended transition Targeted structure 2025+ period 2023-2024 Kalmar Kalmar Hiab SOLUTION Kalmar Hiab MacGregor Hiab for MacGregor Including Including Including competences from Including competences from competences from competences from curre
Slide 9: Structure of the planned transaction
Structure of the planned transaction Post transaction (and MacGregor divestment) Kalmar and Hiab would be separate standalone businesses Envisaged structure post demerger Listing and ▪ Kalmar listing on Nasdaq Helsinki ownership ▪ Kalmar fully owned by Existing Cargotec shareholders shareholders – n
Slide 10: Next Steps And Time Plan
Next Steps And Time Plan* Provided the shareholders decide to proceed with the process April 2023 ▪ Cargotec Board of Directors has decided to investigate and initiate a process to potentially separate its core businesses Kalmar and Hiab into two standalone companies During 2023-24 ▪ Cargotec Board
Slide 11: Purpose of the planned partial demerger
The purpose of the planned partial demerger is to carry out the separation of Kalmar and Hiab and unlock shareholder value by allowing both businesses to pursue sustainable profitable growth opportunities independently.