Griffon Corporation · NYSE:GFF

Griffon — Proxy Contest (January 2022)

46 slides from Griffon's proxy contest presentation, Jan 24, 2022

  1. Slide 1: Building Shareholder Value

    Building Shareholder Value January 2022 Copyright © 2021 Griffon Corporation. All rights reserved.

  2. Slide 2: Cautionary Note Regarding Forward-Looking Statements

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  3. Slide 3: Executive Summary

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  4. Slide 4: Table of Contents

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  5. Slide 5: 1. Griffon Highlights

    1. Griffon Highlights

  6. Slide 6: The Company We Have Built

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  7. Slide 7: Purposeful Strategy to Create a Balanced Portfolio of High Quality Businesses

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  8. Slide 8: Signed definitive agreement to acquire Hunter Fan Company

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  9. Slide 9: Concluding strategic alternatives for Defense Electronics segment

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  10. Slide 10: 2. Our Long-Standing Track Record of Acquiring, Integrating, and Improving Companies

    2. Our Long - Standing Track Record of Acquiring, Integrating, and Improving Companies

  11. Slide 11: M&A Focused on Earnings Accretion and Leading Consumer Brands

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  12. Slide 12: Portfolio Evolution Has Driven Margin and Free Cash Flow Improvement

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  13. Slide 13: 3. Successfully Executing Our Plan to Build Shareholder Value

    3. Successfully Executing Our Plan to Build Shareholder Value

  14. Slide 14: M&A Strategy Driving Portfolio Focus, Growth, and Profitability

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  15. Slide 15: Griffon Poised for Continued Growth

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  16. Slide 16: Capital Allocation Strategy Has Created Significant Shareholder Value

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  17. Slide 17: 4. Hunter Acquisition Creates Long-Term Value for Shareholders

    HIGHLY CONFIDENTIAL PRELIMINARY DRAFT 4. Hunter Acquisition Creates Long - Term Value for Shareholders

  18. Slide 18: The Hunter Acquisition Continues Our Long-Standing Disciplined M&A Strategy

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  19. Slide 19: Hunter Fan Company Overview

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  20. Slide 20: Hunter's Comprehensive Product Portfolio

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  21. Slide 21: Hunter Offers Compelling Strategic and Financial Benefits

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  22. Slide 22: Strategic Benefits

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  23. Slide 23: Hunter Acquired at a Compelling Valuation vs. Precedent Transactions

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  24. Slide 24: GFF Outperformed Following Hunter Acquisition Announcement

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  25. Slide 25: 5. Strong Corporate Governance

    5. Strong Corporate Governance

  26. Slide 26: Board Focused on Governance and Responsive to Shareholders' Feedback

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  27. Slide 27: Independent Director Tenure and Independence

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  28. Slide 28: Board Skills and Shareholder Support

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  29. Slide 29: Griffon Director Nominees

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  30. Slide 30: Executive Compensation Linked to Company Performance

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  31. Slide 31: Proactive Engagement with Shareholders around ESG

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  32. Slide 32: 6. Voss Nominees Are Unqualified and Have Questionable Backgrounds

    6 . Voss Nominees Are Unqualified and Have Questionable Backgrounds

  33. Slide 33: Griffon Has Consistently Engaged in Good Faith Despite Voss' Behavior

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  34. Slide 34: Voss' Interests Are Not Aligned with Those of Other Stockholders

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  35. Slide 35: Voss Has No Plan and Is Only Interested in a Quick Buck

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  36. Slide 36: Voss' Misleading Statements On Hunter Acquisition Have No Foundation

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  37. Slide 37: Voss Continues to Mislead With Factually Inaccurate Statements

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  38. Slide 38: Voss' Candidate Brings No Value to Our Board

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  39. Slide 39: Voss Nominees Have Significant Red Flags

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  40. Slide 40: Vote Griffon WHITE Card

    VOTE GRIFFON WHITE CARD

  41. Slide 41: Best in Class Board and Management with the Right Strategy

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  42. Slide 42: Appendix

    Appendix

  43. Slide 43: Total Shareholder Return During Current Management's Tenure

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  44. Slide 44: Griffon Has Consistently Engaged in Good Faith

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  45. Slide 45: Griffon Revenue and EBITDA Reconciliation

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  46. Slide 46: Hunter EBITDA Reconciliation

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Griffon — Proxy Contest (January 2022) on 6ix