Mayville Engineering Company, Inc. · NYSE:MEC
Mayville Engineering — Merger or Acquisition (May 2025)
9 slides from Mayville Engineering's merger presentation, May 27, 2025
Slide 1: MEC Acquisition of Accu-Fab
MEC ACQUISITION OF ACCU-FAB MAY 27, 2025
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This presentation contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company’s expected results
Slide 3: Transaction Overview
TRANSACTION OVERVIEW ACCU-FAB DIVERSIFIES MEC’S REVENUE INTO HIGHER VALUE, EMERGING END-MARKETS Accu-Fab is immediately accretive to MEC’s Adjusted EPS and provides strategic Transaction Financial Timing & diversification in to Terms Highlights Transition specialized high-growth verticals such as cr
Slide 4: Strategic Rationale
STRATEGIC RATIONALE ACCU-FAB ACCELERATES MEC’S STRATEGIC COMMERCIAL GROWTH INITIATIVES Diversifying into fast-growing markets from traditional Accu-Fab’s premium markets drive increased 01 05 industrial and commercial mobility platforms margins and over 50% FCF conversion1 Leverage MEC’s nationwide
Slide 5: Accu-Fab Overview
ACCU-FAB OVERVIEW LEADING METAL FABRICATOR WITH VALUE ADDED CAPABILITIES ~$61 million ~$14 million in Revenue (FY 2024) in Adjusted EBITDA (FY 2024) Locations: Non-Union ~200k square feet: Raleigh, NC and Employees: ~23% Wheeling, IL ~250 manufacturing capacity ~$8 million Adj. EBITDA Margin (FY 202
Slide 6: High-Value Diversification
HIGH-VALUE DIVERSIFICATION STRONG LONGSTANDING RELATIONSHIPS IN HIGH-GROWTH INDUSTRIAL & TECHNOLOGY MARKETS MEC Legacy Net Sales Mix Pro-Forma Combined Net Sales Mix % of 2024 Net Sales % of 2024 Pro-Forma Net Sales Accu-Fab’s largest customer and top 10 16% customers accounted for ~20% and ~75%, 5%
Slide 7: Attractive Profile for Profitable Growth
ATTRACTIVE PROFILE FOR PROFITABLE GROWTH CREATING A PLATFORM FOR DIVERSIFIED, HIGH-MARGIN GROWTH Facilities 23 2 25 Annual Sales ~$582 million ~$61 million ~$643 million Annual Adj. EBITDA ~$64 million ~$14 million ~$78 million Annual Adj. EBITDA Margin ~11% ~23% ~12% Note: Based on reported FY2024
Slide 8: Execution on Our Value Creation Strategy
EXECUTION ON OUR VALUE CREATION STRATEGY ALIGNS WITH VALUE CREATION FRAMEWORK AND ACQUISITION CRITERA High Performance Operational Commercial Disciplined Capital Human Resource Culture Excellence Excellence Deployment Optimization Enable teams to drive Strategy deployment Implement strategic and Gen
Slide 9: Investment Thesis
INVESTMENT THESIS STRATEGIC EXEUCTION IMPROVES LEVERAGE TO DOMESTIC MANUFACTURING MEGA TRENDS Accu-Fab is an accretive bolt-on acquisition providing diversification into adjacent end-markets, supporting data center and energy infrastructure demand Strategic Proven framework of operational excellence
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