Onewater Marine Inc. · NASDAQ:ONEW
Onewater Marine — Merger or Acquisition (October 2021)
11 slides from Onewater Marine's merger presentation, Oct 21, 2021
Slide 1: T-H Marine Acquisition
T-H Marine AcquisitionOctober 2021
Slide 2: Cautionary Statement Concerning Forward-Looking Statements
Disclaimer Cautionary Statement Concerning Forward-Looking Statements Information in this presentation of OneWater Marine Inc. (“OneWater,” “ONEW,” the “Company,” “we,” or “us”), and any oral statements made in connection therewith, may contain “forward-looking statements” within the meaning of the
Slide 3: Strategic Rationale
STRATEGIC RATIONALE Attractive Returns © Advances ONEW’s growth and diversification strategy Expected to more than double the size of service, parts & other sales Meaningfully increases ONEW’s addressable aftermarket parts and accessories market by leveraging T-H Marine’s sourcing expertise Adds a h
Slide 4: T-H Marine Business Overview
T-H Marine Business Overview 1Management believes it provides parts to all recreational power boats defined as 35 feet and under22021 includes a full years results for the recently completed acquisitions and exclude non-recurring expenses related to the prior ownership structure Company Highlights T
Slide 5: Comprehensive Suite of Branded, Innovative Products
T-H Marine provides a line of commonly used boating parts and accessories under its Boating Essentials® line Select Brands Under The T-H Marine Umbrella 1 JACK PLATES RIGGING PLUMBING LED LIGHTING ACCESSORIES PERFORMANCE STORAGE Product Categories Select Customers By Channel BOAT OEMS DISTRIBUTORS R
Slide 6: Diversified Suite of Marine Parts and Accessory Products
100% of Recreational Boats1 5,000+ SKUs ~25 Product Patents Award Winning Innovation Comprehensive Product Categories “From Bow to Stern” Diversified Suite of Marine Parts and Accessory Products 1Management believes it provides parts to all recreational power boats defined as 35 feet and under
Slide 7: Production, Product Development and Channel Demand
Production Vertically-integrated sourcing and light manufacturing and assembly model creates production flexibilityIn-house custom metal products and plastic injection molding capabilitiesAbility to increase revenue with existing capacity and infrastructureLong-term relationships with a predominantl
Slide 8: Clear Leader In Large And Expanding Market
$6B+ $4B+ $115M T-H Marine’s Revenue Total U.S. Marine OEM Product & Accessories Market Total U.S. Marine Aftermarket Product & Accessories Market Clear Leader In Large And Expanding Market The U.S. marine parts and accessories market is estimated to be $10B+1 in annual revenueAftermarket boating pa
Slide 9: Enhances competitive positioning
Enhances competitive positioning Strong, natural fit with OneWater’s services, parts & other sales business Trusted Advisor to OEMs for New Product Innovation Multifaceted Growth Opportunities Products Specified Into Designs Drive Replacement Sales Ability to Serve Customers in Multiple Product Cate
Slide 10: Advances Growth & Diversification Strategy
Advances Growth & Diversification strategy Post-Transaction Service, Parts & Other Sales ~16% Service, Parts & Other Sales 6% Fiscal Year 2020 Expected to more than double OneWater’s service, parts & other sales businessReduces impact of new boat cyclicalityProven history of accretive acquisitions a
Slide 11: Purchase Price, Value Creation and Funding
Purchase Price $185 MillionMultiple in-line with similar P&A / distribution transactionsExpect to close in calendar fourth quarter 2021 Value Creation Expected to be immediately accretive to top-line growth, operating margins and earnings per shareEnables platform for continued growthExpected to mor
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