Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Merger or Acquisition (December 2025)
11 slides from Worthington Enterprises's merger presentation, Dec 16, 2025
Slide 1: LSI Group: Overview of Planned Acquisition
LSI GROUP Overview of Planned Acquisition December 16, 2025
Slide 2: Notes to Investors
Notes to Investors FORWARD-LOOKING STATEMENTS. Selected statements in this presentation constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). Worthington Enterprises, Inc. (the “Company” or “Worthington”) wishes to take adv
Slide 3: LSI Group strengthens our Building Products portfolio and aligns with our acquisition strategy
LSI Group strengthens our Building Products portfolio and aligns with our acquisition strategy ⚫ Leading player in the commercial metal roofing clips, components and accessories markets with a strong competitive position driven by product quality, innovation and industry leading customer service ⚫ A
Slide 4: Transaction Summary
Transaction Summary ⚫ Base purchase price of $205 million in cash Transaction terms ⚫ Represents a headline multiple of 9.1x, based on TTM adjusted EBITDA as of 09/30/25 ⚫ LSI generated approximately $22.4 million of adjusted EBITDA for the TTM ended 09/30/25 ⚫ Expected to be accretive to adjusted E
Slide 5: LSI is known for best-in-class quality, brands and customer service
LSI is known for best-in-class quality, brands and customer service LONG HISTORY OF EXCELLENCE… … WITH A PORTFOLIO OF LEADING BRANDS… ⚫ Manufacturer of commercial roofing clips and other specialty metal stampings, components and assemblies that was founded in 1968 and has 141 employees ⚫ One of two
Slide 6: Growing U.S. market for metal roofing components supported by retrofit and code-driven demand
Growing U.S. market for metal roofing components supported by retrofit and code- driven demand, expected to grow at 3-5% through 2029 PROJECTED PROJECTED MARKET SIZE FOR METAL ROOFING CLIPS, ACCESSORIES AND SUB-PURLINS CAGR $MILLIONS, 2024-2029 2024-2029 KEY TAKEAWAYS Metal roofing clips Accessories
Slide 7: LSI aligns with our acquisition strategy to drive profitable growth
LSI aligns with our acquisition strategy to drive profitable growth TARGETED ACQUISITION CRITERIA: RECENT BUILDING PRODUCTS ACQUISITIONS ✓ Market-leading positions in niche markets ✓ High margin, high growth brands or products Announced December 2025: Leading provider of commercial metal ✓ Asset-lig
Slide 8: Worthington Enterprises Key Investment Highlights
Worthington Enterprises Key Investment Highlights ⚫ Established Portfolio of Market-Leading Brands with High Barriers to Entry ⚫ Strong Underlying Secular Trends Enabling Steady Long- FOUNDED IN NET SALES OF Term Growth $1.3 BILLION1 ⚫ Business Model Drives High Free Cash Flow and Returns ⚫ Worthing
Slide 9: Appendix
Appendix WORTHINGTON ENTERPRISES 8
Slide 10: Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions)
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) See next slide for detailed footnotes related to reconciliation of Non-GAAP measures WORTHINGTON ENTERPRISES 9
Slide 11: Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions)
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Non-GAAP Footnotes (1) EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the Company's performance, engage in financial and operational planning, or to deter
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