Mayville Engineering Company, Inc. · NYSE:MEC
Mayville Engineering — Merger or Acquisition (June 2023)
9 slides from Mayville Engineering's merger presentation, Jun 20, 2023
Slide 1: MEC Acquisition of Mid-States Aluminum
MEC Acquisition of Mid-States Aluminum June 2023
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 Mid-States Aluminum (“MSA”) accelerates MEC’s strategic entry into light-weight materials fabrication MSA is an immediately Transaction Financial Timing & accretive, excluding transaction costs, Terms Highlights Transition complementary platform acquisition that brings • Transac
Slide 4: Strategic Rationale
STRATEGIC RATIONALE MSA accelerates execution of MEC’s MBX Value Creation Initiative MSA is a leading U.S. based lightweight materials fabricator MSA allows MEC to capitalize on existing customer demand for with an established track record of commercial excellence light-weight materials fabrication
Slide 5: Mid-States Aluminum Overview
MID-STATES ALUMINUM OVERVIEW Industry leading aluminum extrusion manufacturer with value added capabilities such as design, assembly and packaging About Mid-States Aluminum MSA will bring Commercial and Operational Synergies to MEC Key Value-Added Capabilities. Similar to MEC, MSA offers differentia
Slide 6: MSA Provides End-Market Diversification
MSA PROVIDES END-MARKET DIVERSIFICATION MSA provides diversification into building and construction, recreation, transportation and other end markets MSA provides aluminum fabrication Organic growth historically driven by capabilities for over 30 different recreational vehicle demand MSA 2022 Top-5
Slide 7: MSA Acquisition Provides Compelling Growth Platform
MSA ACQUISITION PROVIDES COMPELLING GROWTH PLATFORM MSA will result in end-market diversification, higher margins and provide entry into high-growth markets Facilities 20 2 22 Employees 2,300 250 2,550 Annual Sales ~$540 million ~$86 million ~$626 million Annual Adj. EBITDA ~$61 million ~$16 million
Slide 8: Execution on Our Strategy for Profitable Growth
EXECUTION ON OUR STRATEGY FOR PROFITABLE GROWTH MSA is expected to be immediately accretive, excluding transaction costs, to free cash flow, EPS and Adjusted EBITDA The acquisition of MSA positions MEC to accelerate execution on its multi- year strategic objectives, as outlined within our MEC Busine
Slide 9: Q&A
Q&A
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