Standard Motor Products, Inc. · NYSE:SMP
Standard Motor Products — Merger or Acquisition (July 2024)
11 slides from Standard Motor Products's merger presentation, Jul 10, 2024
Slide 1: Acquisition of Nissens Automotive
Standard Motor Products, Inc. Acquisition of Nissens Automotive July 10th, 2024
Slide 2: Safe Harbor – Forward Looking Statements
Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipat
Slide 3: Benefits of the Acquisition of Nissens for SMP Shareholders
Benefits of the Acquisition of Nissens for SMP Shareholders Creates an aftermarket leader in North America and Europe across our key product categories Expands SMP’s product portfolio of powertrain-neutral and EV-specific categories Enhances customer and geographic diversity Adds a strong management
Slide 4: Nissens Automotive Overview
Nissens Automotive Overview Nissens at a glance Nissens by the numbers ⚫ Nissens is a manufacturer and distributor of thermal management and engine efficiency parts for the automotive aftermarket ⚫ Founded in 1921, and headquartered in Horsens, Denmark 3 ⚫ Manufacturing facilities in Slovakia and De
Slide 5: Leading Product Offering Across Multiple Categories
Leading Product Offering Across Multiple Categories Engine / EV Cooling (EC) Air Conditioning (AC) Engine Efficiency (EE) % of Net Sales1 47% 37% 16% Powertrain cooling systems maintain a constant Air conditioning systems regulate the temperature Products to enhance engine efficiency and reduce Desc
Slide 6: Nissens' Product Categories are Powertrain-Neutral
Nissens’ Product Categories are Powertrain-Neutral Internal combustion engine (ICE) Electric vehicle (EV) • Thermal system even more important for EVs Product groups1 (detailed) • EVs contain more components at higher values • Same or higher replacement rates compared to ICE Engine Cooling EC • Niss
Slide 7: Global Presence With a Strong Foothold In Europe
Global Presence With a Strong Foothold In Europe Overview of Nissens’ Net Sales Split by Region Europe: Localized Sales and Distribution 85% Key benefits of local sales teams North America: 5% ⚫ Locally anchored relationships ⚫ Local expertise and inventory management knowhow ⚫ Local support Key ben
Slide 8: Creating a Powerful Global Aftermarket Presence
Creating a Powerful Global Aftermarket Presence Leading European supplier for Thermal Leading North American supplier for Management products with a growing Vehicle Control and Temperature Control array of Vehicle Control (Engine products Efficiency) technologies Shared go-to-market strategy of bein
Slide 9: Transaction Overview
Transaction Overview • SMP to acquire 100% of Nissens Automotive for $388mm1 (€360mm) Purchase • Represents approximately 7.5x EBITDA2 multiple incl. estimated run-rate cost synergies3 Consideration • 100% cash consideration, financed with existing cash and amended credit facilities • Grows SMP’s to
Slide 10: Benefits of the Acquisition of Nissens for SMP Shareholders
Benefits of the Acquisition of Nissens for SMP Shareholders Creates an aftermarket leader in North America and Europe across our key product categories Expands SMP’s product portfolio of powertrain-neutral and EV-specific categories Enhances customer and geographic diversity Adds a strong management
Slide 11: Thank You
Thank You 11
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