Millerknoll — Miller Herman — Merger or Acquisition (October 2019)

7 slides from Millerknoll's merger presentation, Oct 29, 2019

Slide 1: Transaction Highlights October 2019
Transaction Highlights OCTOBER 2019
Slide 2: naughtone Company Snapshot
NAUGHTONE COMPANY SNAPSHOT 2 Design-driven global Headquarters: United Kingdom Revenue Growth (3 Yr. CAGR): 35% furniture brand focused Founded: 2005 FY19 Financial Results on contract markets Employees: ~50 (Year Ended May 2019): Revenue: $37M Operating Margin: 21% GEOGRAPHIC MIX: PRODUCT MIX: Unit
Slide 3: naughtone Portfolio
NAUGHTONE PORTFOLIO 3 naughtone brings a growing portfolio focused on useful beautiful furniture to the Herman Miller family of brands. Here are just a few examples...
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Slide 6: Transaction Highlights
NAUGHTONE TRANSACTION HIGHLIGHTS 6 Additional 47.5% Equity Investment in naughtone –– After original investment in June 2016, ownership increases to 100% –– $46M cash investment –– Accounting treatment expected to shift from a non-consolidated equity investment to consolidated financial results ∙ Fi
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