Johnson Controls International Plc · NYSE:JCI
Johnson Controls International — Merger or Acquisition (April 2021)
8 slides from Johnson Controls International's merger presentation, Apr 9, 2021
Slide 1: Acquisition of Silent-Aire
Acquisition of Silent-Aire April 9, 2021
Slide 2: Forward Looking & Cautionary Statements / Non-GAAP Financial Information
Forward Looking & Cautionary Statements / Non-GAAP Financial Information Johnson Controls International plc Cautionary Statement Regarding Forward-Looking Statements Johnson Controls International plc has made statements in this communication regarding the acquisition of Silent-Aire that are forward
Slide 3: Highly Strategic Acquisition in an Attractive Growth Market
Highly Strategic Acquisition in an Attractive Growth Market ▪ Total purchase price up to $870M, including 3-year earnout based on annual growth and margin projections, with an upfront payment of ~$630M ─ Total transaction value equates to low-double digit multiple (LTM EV/EBITDA) Transaction ─ Upfro
Slide 4: Company Overview
Company Overview PROFILE SALES MIX By Platform Headquarters: Founded: Employees: Edmonton, Alberta 1994 ~3,000 Modular Data Center 30% FY 2021E (May) Sales: Locations: ~$650M | 5yr CAGR: 40% 4 Sales/Service | 13 Manufacturing (>1M sq ft) Canada, US & Europe 70% Hyperscale Cooling Solutions Descripti
Slide 5: Market Leader in Hyperscale Data Center Cooling Solutions
Market Leader in Hyperscale Data Center Cooling Solutions Silent-Aire’s Competitive Advantages: ~$650M 1) Advantaged AHU / DEC products and execution Revenue (US$, FY = 5/31) ─ Optimized, flexible manufacturing capacity ─ Agile innovation; technology roadmap leadership 2) Data center vertical privil
Slide 6: Attractive Market Opportunity: Hyperscale Data Centers
Attractive Market Opportunity: Hyperscale Data Centers Data Center Cooling Solutions: ~$6-7B TAM Top 5 “Hyperscalers” (by DC subsegment) ~$6.5B CAGR: +10-12% ▪ Top-5 account for >75% of total hyperscale capex ~$4.5B (~$100B annual spend) ▪ Demand for data continues to increase at a high- 2019 2020 2
Slide 7: With Silent-Aire, Johnson Controls Advances Leadership Position in Hyperscale Data Centers
With Silent-Aire, Johnson Controls Advances Leadership Position in Hyperscale Data Centers Data Building ✓ Global manufacturing scale & capability Centers Management ✓ Leading DEC / AHU technology roadmap ✓ Global service network ✓ Modular DC expertise – Integrated Data ✓ Cross-domain expertise Cent
Slide 8: IR Contacts
IR CONTACTS • Antonella Franzen • Chief Investor Relations & Communications Officer • antonella.franzen@jci.com • Ryan Edelman • Executive Director, Investor Relations • ryan.edelman@jci.com
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