Dorman Products, Inc. · NASDAQ:DORM
Dorman Products — Merger or Acquisition (August 2022)
12 slides from Dorman Products's merger presentation, Aug 18, 2022
Slide 1: Dorman Products to Acquire SuperATV Investor Summary
Exhibit 99.2 Dorman Products to Acquire SuperATV INVESTOR SUMMARY
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to net sales, diluted and adjusted diluted earnings per share, gross profit, gross margin, adjusted gross margin
Slide 3: Transaction Summary
Transaction Summary · Dorman Products to acquire SuperATV for cash consideration of $490 million at closing, plus a two-year earn-out of up to $100 million in the aggregate based on achievement of 2023 and 2024 performance targets. Adjusted for estimated tax benefits, the transaction value before ea
Slide 4: SuperATV Snapshot
SuperATV Snapshot Company Overview Key Products ü Leading independent supplier of aftermarket parts and accessories to n A-arms, ball joints, bushing kits, trailing arms, the powersports industry radius arms, shocks Suspension/ n Power steering, rack and pinion, rear steer ü Strategically located an
Slide 5: Strategic Rationale
Strategic Rationale 1 Attractive, Growing, and Resilient Segment Supported by Favorable Trends Extensive Portfolio of Proprietary Brands and Products 2 3 Omni-Channel Platform Tailored to Specialty Vehicles 4 Industry-Leading Track Record of New Product Innovation 5 Vertically Integrated Platform Of
Slide 6: Attractive, Growing, and Resilient Segment Supported by Favorable Trends
1 Attractive, Growing, and Resilient Segment Supported by Favorable Trends Supportive Tailwinds Strong and Consistent Growth in UTV Accessories Total United States UTV Accessories Market ($ Billions) ü Growing and aging powersports parc $3.9 ü Influx of new riders joining a $3.5 $3.3 $3.2 devoted ba
Slide 7: Extensive Portfolio of Proprietary Brands and Products
2 Extensive Portfolio of Proprietary Brands and Products Family of Brands ü A leading brand-centric Breadth and Depth Across Product Categories eCommerce platform Cabs / Roofs / Suspension / Windshields / A B ü Best-in-class customer Handling Mirrors engagement G B H Towing / Engine Winches / C D ü
Slide 8: Omni-Channel Platform Tailored to Specialty Vehicles
3 Omni-Channel Platform Tailored to Specialty Vehicles LEADING DIRECT-TO-CONSUMER PLATFORM VAST DIRECT-TO-DEALER NETWORK 3,500+ ~500 ~25 Total Dealers & Dealers Added Dealer-Focused ~50% 42 Installers Since 2019 Outside Sales Representatives Repeat Buyer Sales Average Days Between DEALER NETWORK st
Slide 9: Industry-Leading Track Record of New Product Innovation
4 Industry-Leading Track Record of New Product Innovation Unique Ability to Identify High-Demand Parts One Location with Full Design and Production Capabilities <1 Week New Product Launch Capabilities Differentiated Rapid Launch Program Rapid New Product Introduction to the Aftermarket Increased Num
Slide 10: Vertically Integrated Platform Offering Best-in-Class Development, Manufacturing, and Fulfillment
5 Vertically Integrated Platform Offering Best-in-Class Development, Manufacturing, and Fulfillment Strategically Located and Well-Invested Footprint Full Stack of Value-Added Capabilities Madison, IN HQ State-of-the-Art Vertically-Integrated Strategically Located Domestic High-Quality, Efficient Sa
Slide 11: Opportunities to Catalyze Revenue Growth and Capture Additional Cost Synergies
6 Opportunities to Catalyze Revenue Growth and Capture Additional Cost Synergies ü Revenue synergies expected be achieved at an attractive contribution margin − Leverage Dorman’s R&D capabilities to further accelerate SuperATV’s new product development − Bring Dorman’s break-fix expertise to SuperAT
Slide 12: Key Takeaways
Key Takeaways ü Reputation for quality and innovation has cultivated a passionate and loyal customer base ü Omni-channel approach with leading direct-to-consumer platform and strong relationships across a growing network of 3,500+ dealers and installers ü Opportunity to leverage Dorman’s “New to the
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