Worthington Enterprises, Inc. · NYSE:WOR

Worthington Enterprises — Worthington Industries — Merger or Acquisition (February 2021)

8 slides from Worthington Enterprises's merger presentation, Feb 1, 2021

  1. Slide 1: General Tools & Instruments Acquisition Overview

    FEBRUARY 1, 2021 General Tools & Instruments Acquisition Overview

  2. Slide 2: Worthington Industries Acquired General Tools & Instruments on January 29, 2021

    WORTHINGTON INDUSTRIES ACQUIRED GENERAL TOOLS & INSTRUMENTS ON JANUARY 29, 2021 Acquisition Overview  Acquired General Tools & Instruments (GTI), a provider of over 1,200 feature-rich, specialized tools with well established brands and a nearly 100-year history  Purchase price was approximately $1

  3. Slide 3: Worthington Industries: $2.8 Billion Net Sales

     Domestic leader in flat rolled steel processing  Global leader in pressure cylinders • Consumer Products* • Industrial Products  Domestic leader in suspension ceiling solutions (WAVE) NET SALES OF  Market-leading joint ventures serving building product & automotive end-markets $2.8 BILLION LTM

  4. Slide 4: Complementary Brands

    COMPLEMENTARY BRANDS GTI will complement our existing strong brands in consumer products Expands Worthington’s consumer products portfolio of niche tools that do not compete head to head with major tool brands. 4

  5. Slide 5: Attractive End Markets

    Outdoor Living Tools Celebrations Water Products ATTRACTIVE END MARKETS GTI serves attractive end-markets and expands existing reach in niche tools and outdoor living Environmental Heath Home Repair & Precision & Safety Remodeling Measurement & Layout Lawn & Garden Specific Purpose Tools 5

  6. Slide 6: GTI Investment Thesis

    GTI INVESTMENT THESIS GTI’s strong brands and demonstrated innovation and sourcing capabilities, combined with Worthington’s manufacturing expertise, existing blue-chip customer relationships and global reach, will allow Worthington to deliver more products, innovation and value to our customers. 

  7. Slide 7: Safe Harbor Statement

    CONTACT SAFE HARBOR STATEMENT Worthington Industries wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by the Company which are not historical information constitute "forward looking statements" within the

  8. Slide 8: ( MAKERS OF BETTER |

    ( MAKERS OF BETTER |

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