Handy and Harman — Shareholder Meeting (May 2013)
8 slides from Handy and Harman's shareholder meeting presentation, May 21, 2013
Slide 1: Annual Meeting of Shareholders May 21, 2013
Annual Meeting of Shareholders May 21, 2013
Slide 2: Forward-Looking Statements
2 This document may contain certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect Handy & Harman Ltd.’s (“HNH” or the “Company”) current expectations and proje
Slide 3: Handy & Harman Companies
3 Handy & Harman Companies Manufacturers of diversified engineered niche industrial products with leading brands and market positions
Slide 4: Activities 2012/2013
4 Handy & Harman – Key Activities 2012/2013 Acquisitions: Inmet Metal Processing Plant, Ltd., Gliwice, Poland (Lucas-Milhaupt) November 14, 2012 – $4 million W.P. Hickman Co., Asheville, N.C. (OMG) December 31, 2012 – $8.4 million Wolverine Joining Technologies, Warwick, R.I. (Lucas-Milhaupt)
Slide 5: Activities 2012/2013 (cont.)
5 Handy & Harman – Key Activities 2012/2013 (cont.) Financing: Handy & Harman Group $205 million senior secured credit facility; November 8, 2012 Paid off $31.8 million of 10% subordinated secured notes; April 25, 2013 Increased facility by $30 million with WJT acquisition; April 26, 2013 NO
Slide 6: Financial Information
6 Handy & Harman – Key Financial Information 2011 2012 % Change Net Sales $ 635.0 mm $ 629.4 mm ↓ 0.9% Adjusted EBITDA $ 71.4 mm $ 74.0 mm ↑ 3.6% Federal NOLs $ 183.0 mm $ 162.9 mm ↓ 11.0% Total Assets $ 493.2 mm $ 512.4 mm ↑ 3.9% Cash & Marketable Sec. $ 32.7 mm $ 32.5 mm ↓ 0.5% Debt $ 163.3 mm $ 1
Slide 7: Handy & Harman – Stock Information
7 Handy & Harman – Stock Information Source: Capital IQ As of May 15, 2013 01/03/12 - $10.46 12/31/12 - $15.07 05/15/13 - $15.35
Slide 8: Annual Meeting of Shareholders May 21, 2013
Annual Meeting of Shareholders May 21, 2013