Mativ Holdings, Inc. · NYSE:MATV
Mativ — Schweitzer-Mauduit International — Sidoti Summer Small Cap Virtual Conference 2022
28 slides from Mativ's conference presentation, Jun 16, 2022
Slide 1: Sidoti Summer Small Cap Virtual Conference Company Overview
Sidoti Summer Small Finding Ways To Cap Virtual Conference Improve Everyday Life Company Overview June 2022 ©©2022 2022Schweitzer-Mauduit Schweitzer-MauduitInternational, International,Inc. Inc. © 2022 Schweitzer-Mauduit International, Inc.
Slide 2: Forward Looking Statements
Forward Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor created by that Act and other legal protections. Forward-looking statements include, without limitation, th
Slide 3: Forward Looking Statements (cont.)
Forward Looking Statements (cont.) international conflicts and disputes, which restrict our ability to supply products into affected regions, due to the corresponding effects on demand, the application of international sanctions, or practical consequences on transportation, banking transactions, and
Slide 4: Non-GAAP Financial Measures
Non-GAAP Financial Measures Certain financial measures and comments contained in this communication exclude restructuring and impairment expenses, certain purchase accounting adjustments related to AMS segment acquisitions, acquisition/merger and integration related costs, interest expense, the effe
Slide 5: Other Legal Disclosures
Other Legal Disclosures Additional Information and Where to Find It In connection with the proposed Merger, on May 4, 2022 SWM filed with the SEC a registration statement on Form S-4 to register the shares of SWM’s common stock to be issued in connection with the Merger (which registration statement
Slide 6: Essential Performance Materials For Specialty Applications
We harness the power of engineering to help our Essential Performance Materials customers solve their most complex For Specialty Applications challenges ©©2022 2022Schweitzer-Mauduit Schweitzer-MauduitInternational, International,Inc. Inc. © 2022 Schweitzer-Mauduit International, Inc. 66
Slide 7: Our Products Are Everywhere
Our Products Are Everywhere Helping ordinary products make an extraordinary impact Construction materials Specialty Finger bandages Heavy Erosion control tapes AgricultureLiquid equipment Highway Undersea cables purification construction Hospital Carpet Face Water filtration products backing shields
Slide 8: Full Suite Of Solutions
Full Suite Of Solutions Helping customers solve their most complex challenges • Resin and fiber-based substrates - Films Technical - Nets Expertise - Papers Across Materials - Tapes - Non-wovens • Coating, converting, packaging • Innovation, development, formulation, design © 2022 Schweitzer-Mauduit
Slide 9: Focus On High-Value Specialty Applications
Focus On High-Value Specialty Applications Where Customers Value Partnership, Service Technology, And Innovation • Designed to Spec Technical • Resins & Fibers Competitive Expertise • Innovation • Converting & Coating Customization • Co-development • Strategic Relationships Advantages • Integrated S
Slide 10: Nearly $1.5 Billion Annualized Sales
Nearly $1.5 Billion Annualized* Sales Advanced Materials Engineered & Structures (AMS) Papers (EP) • GDP+ growth • High cash flow • Diversified • Recession resistant end-markets… tobacco presence Growth Markets + Filtration, Transportation, Healthcare, Construction, • Opportunities in High Cash Flow
Slide 11: Investment Highlights
Investment Highlights Positioned for long-term organic growth • Successfully executed multi-year diversification/growth plan • ≈ 70% of sales from growing industries • Mature operations generate stable cash flow Under-Followed Growth Company Strong margins, high-value product portfolio • Leading sha
Slide 12: AMS: ≈ $1 Billion Diversified Growth Segment
AMS: ≈ $1 Billion Diversified Growth Segment Sales by End-Market(1) AMS Segment Financials(2) Sales ($mm) $931 Filtration $544 Industrial $468 $477 18% $433 20% $281 $180 $127 Construction Transportation 18% 20% Adjusted OP ($mm) $107 Healthcare $91 $86 24% $76 $72 GDP growth areas GDP+, accelerated
Slide 13: Filtration: 5%+ Expected Long-Term Growth
5%+ Expected Long-Term Growth; FILTRATION Replenishment Driven Model Strong share in water filtration components, reverse osmosis WATER technology • Global water shortages, desalination • Asia and Middle East industrialization Increasing • Food & beverage production Demand For Safer, • High technica
Slide 14: Transportation: 5%+ Expected Long-Term Growth
5%+ Expected Long-Term Growth; TRANSPORTATION SWM Uniquely Positioned, Strength In Asia Increasing global penetration of paint protection films AUTO PAINT driving strong growth PROTECTION • Aftermarket automotive FILMS • Early-stage consumer adoption story, not reliant on global auto Global Expansio
Slide 15: Healthcare Business, Now ≈ $250 Million
Scapa Acquisition Tripled Growing Healthcare Healthcare Business, Now ≈ $250 Million Integrated suite of coated film/substrate woundcare WOUNDCARE solutions • Development, formulation, Increasing coating, converting, packaging, regulatory advisory Capabilities In • Advanced skin-friendly technologie
Slide 16: EP: Profit Stability And High Cash Flow
EP: Profit Stability And High Cash Flow, Innovation & Sustainability Opportunities Multi-pronged approach EP Segment Financials(1) Sales ($mm) • Leading position in Focus on key high-value $549 $573 $546 $509 products $531 high-value • Unique wrapper and products binder technologies • Positive mix •
Slide 17: Tobacco & Advanced Natural Fibers
TOBACCO & Tailored To Meet Critical Performance Needs ADVANCED In Both Traditional And Emerging Products NATURAL FIBERS TOBACCO Innovative “re-engineered” PRODUCTS fibers for traditional tobacco and alternative categories • LIP technology (fire safety feature) 100% Leading With mandated in US and EU
Slide 18: Financial Highlights
FINANCIAL 2021 Global Inflation/Supply Chain Challenges, HIGHLIGHTS Strong 2022 Growth Outlook Sales Up ($ millions) $1,440 10%+ • 2020: Portfolio resilient during Covid volatility $982 $1,041 $1,023 $1,074 • Acquired Scapa in April 2021, accelerating long- term growth prospects 2017 2018 2019 2020
Slide 19: M&A Track Record: Strategic MOE with Neenah
M&A TRACK Strategic MOE with Neenah creates ~$3 RECORD billion global leader in specialty materials Best-in- class technical expertise Strategic Fit Synergies Scale GDP+ growth ✓ Complementary customer ✓ $65 million+ initial cost ✓ Increased relevance with outlook and product portfolios synergies cu
Slide 20: SWM & Neenah Merger: Better. Stronger. Together.
SWM & NEENAH Transformative Increase in Scale and MERGER Strategic Position, Strong Financial Profile Actuals YE 2021 Pro Forma 2022E(3) ✓ $65M+ transaction- Better. Revenue $1.4B $1.0B enabled synergies ~$3B ✓ Full year impact of strategic acquisitions Stronger. Adj. EBITDA(1) $209M $117M ✓ Robust
Slide 21: Significant Shareholder Value Creation Potential from Synergies
SWM & NEENAH Significant Shareholder Value Creation MERGER Potential from Synergies Projected Run-Rate Cost Synergies SG&A Better. ▪ Organizational optimization ▪ Rationalization of public company costs ~50% ▪ Consolidation of external spend Stronger. Supply Chain ▪ Procurement and in-sourcing Toget
Slide 22: Highly Strategic & Compelling Combination
SWM & NEENAH Highly Strategic & Compelling Combination MERGER Creates a Global Leader Strong Financial Profile in Specialty Materials and Commitment to Better. with a Broad Portfolio of Solutions Shareholder Value Creation Stronger. Meaningful Value Creation from Highly Accelerates Innovation with E
Slide 23: Appendix
APPENDIX Non-GAAP Reconciliations & Supplemental Data Historical Segment Financials © 2022 Schweitzer-Mauduit International, Inc. © 2022 Schweitzer-Mauduit International, Inc. 23
Slide 24: Non-GAAP Reconciliations & Supplemental Data
Non-GAAP Reconciliations & Supplemental Data Certain financial measures and comments contained in this presentation are “non-GAAP” financial measures, specifically measures which exclude one or more of the following: restructuring and impairment expenses, plant closure expenses, asset sale gains/los
Slide 25: Non-GAAP Reconciliations & Supplemental Data
Non-GAAP Reconciliations & Supplemental Data Certain financial measures and comments contained in this presentation are “non-GAAP” financial measures, specifically measures which exclude one or more of the following: restructuring and impairment expenses, plant closure expenses, asset sale gains/los
Slide 26: Non-GAAP Reconciliations & Supplemental Data
Non-GAAP Reconciliations & Supplemental Data Certain financial measures and comments contained in this presentation are “non-GAAP” financial measures, specifically measures which exclude one or more of the following: restructuring and impairment expenses, plant closure expenses, asset sale gains/los
Slide 27: Historical Segment Data
Historical Segment Data Net Sales FY 2017 FY 2018 FY 2019 FY 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY2021 Q1 2022 AMS $ 433.2 $ 467.9 $ 477.2 $ 543.5 $ 163.0 $ 252.0 $ 260.1 $ 255.6 $ 930.7 $ 272.9 EP 548.9 573.4 545.6 530.9 125.2 125.8 123.5 134.8 509.3 133.9 Total Consolidated $ 982.1 $ 1,041.3 $ 1
Slide 28: Visit us at swmintl.com
Visit us at swmintl.com 28 © 2022 Schweitzer-Mauduit International, Inc. © 2022 Schweitzer-Mauduit International, Inc.
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