Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Merger or Acquisition (May 2021)
10 slides from Lsi Industries's merger presentation, May 25, 2021
Slide 1: LSI Industries Acquisition of JSI Store Fixtures
LSI Industries Acquisition of JSI Store Fixtures May 25, 2021
Slide 2: Disclaimer
Disclaimer This press release contains forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “encourage,” “projects,” “plans,” “expects,” “can,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” or the negative versions of those
Slide 3: JSI Transaction Overview
JSI Transaction Overview Building our Presence Within Growing, Complementary Vertical Markets Transaction Terms Financial Highlights Timing and Transition • Transaction closed on May 21, 2021 • JSI generated full-year 2020 revenue • JSI integration process will commence and Adjusted EBITDA of $70 mi
Slide 4: Compelling Transaction Rationale
Compelling Transaction Rationale Building a Leading Commercial Lighting and Retail Display Solutions Company Creates a Diversified Business of Scale with Compelling Growth Platform Within Strategic, Meaningful Cross-selling Opportunities Growing Market Vertical • LSI will become a leading provider o
Slide 5: JSI Store Fixtures
JSI Store Fixtures JSI is a Leading Provider of Retail Display Solutions to Grocery & C-Store Verticals Established Market Leader Rapidly Growing, High-Margin Manufacturer of Merchandising Solutions • Milo, Maine corporate headquarters Multi-channel growth opportunity in $2.2 billion market that is
Slide 6: JSI has an Established, Multi-Channel Product Portfolio
JSI has an Established, Multi-Channel Product Portfolio JSI’s Innovative Products Maintain Freshness, Promote Food Safety, Drive Traffic Diversified Based of Large, Long-Tenured National Customer Accounts • JSI serves 13 of the top 20 pure-play NA grocers • Average customer tenure is 15 years • Orga
Slide 7: JSI is the Industry's Only "Bundled Solution" Provider
JSI is the Industry’s Only “Bundled Solution” Provider Technically Advanced, Aesthetically-Designed Food Equipment Technically-Advanced Refrigeration Capabilities + Complete Merchandising Solutions Manufacturing capabilities in both self- 1 contained and remote refrigeration 1 Maintains critical 3 2
Slide 8: JSI Has a Scalable, Vertically-Integrated Model
JSI Has a Scalable, Vertically-Integrated Model Strategic Footprint Capable of Serving Deep Base of National Accounts Fully-Integrated Model 250,000+ SF of One-Stop Production Capabilities Strategically located facilities equipped to serve existing customers and Milo, Maine target new customer oppor
Slide 9: JSI Acquisition Provides Compelling Growth Platform
JSI Acquisition Provides Compelling Growth Platform LSI will Become a Higher-Growth, Higher-Margin, Less Cyclical Business Facilities 7 4 11 Employees ~1,100 ~300 ~1,400 Annual Revenue(1) ~$306 million ~$70 million ~$376 million Annual Adj. EBITDA(1) ~$15 million ~$10 million ~$25 million TTM Adj. E
Slide 10: Executing on Our Vertical Market Strategy
Executing on Our Vertical Market Strategy JSI is Expected to Achieve Immediate Accretion in Year One Post-Transaction Compelling Investment Thesis Execution on Core, Long-Term Strategy Combined Business is Higher-Growth and Higher-Margin Positioned for Profitable Growth JSI accelerates LSI revenue g