Gooch & Housego Plc · LSE:GHH
Gooch & Housego — Merger or Acquisition (May 2025)
7 slides from Gooch & Housego's merger presentation, May 14, 2025
Slide 1: Global Photonics Investor Update
GLOBAL PHOTONICS ‘Acquisition extends presence in US A&D market INVESTOR UPDATE 14th May 2025
Slide 2: Agenda
AGENDA • Acquisition of Global Photonics • Strategic Rationale • G&H US Footprint • Transaction Details Charlie Peppiatt - CEO Chris Jewell - CFO GLOBAL PHOTONICS INVESTOR UPDATE – MAY 2025 PAGE 2
Slide 3: Acquisition of Global Photonics
ACQUISITION OF GLOBAL PHOTONICS • G&H to acquire Global Photonics for $17.5m • Well-regarded privately owned US precision optics business • CY24 Revenue $11.1m with normalised EBITDA $1.8m • Proven optical systems designer and manufacturer • Experienced team of 38 employees • Located near Tampa in F
Slide 4: Acquisition Rationale
ACQUISITION RATIONALE • ‘Speed to value’ strategic Optical Systems acquisition • M1A2 ICWS periscopes and fire control system optics • US laser protection coating centre of excellence • Revenue synergies through combined commercial pipeline • Scalable US manufacturing capacity and footprint • Cost s
Slide 5: G&H Extends US Footprint
G&H EXTENDS US FOOTPRINT • Replicates success of G&H’s UK optical systems (OS) hub in North America • Mirroring success of strategy for US Life Sciences (LS) centre of excellence in Rochester GLOBAL PHOTONICS INVESTOR UPDATE – MAY 2025 PAGE 5
Slide 6: Transaction Details
TRANSACTION DETAILS • 50% of consideration in cash from the Group’s existing debt facility and 50% in the form of newly issued G&H shares • Sellers have entered a twelve-month lock-in on shares received • Acquisition expected to be marginally earnings enhancing in the current year and increasingly e
Slide 7: Summary
SUMMARY How can our expertise enable your success? gandh.com GLOBAL PHOTONICS INVESTOR UPDATE – MAY 2025 PAGE 7