Quanex Building Products Corporation · NYSE:NX
Quanex Building Products — Merger or Acquisition (August 2015)
8 slides from Quanex Building Products's merger presentation, Aug 31, 2015
Slide 1: Acquisition of Woodcraft Industries
Exhibit 99.2 Quanex Building Products Acquisition of Woodcraft Industries August 31, 2015
Slide 2: Safe Harbor: Forward Looking Statements
Safe Harbor Forward Looking Statements Statements made during this presentation that use the words "estimated," "expect," "could," "should," "believe," "will," "might," or similar words reflecting future expectations or beliefs are forward-looking statements. The forward-looking statements include,
Slide 3: Transaction Overview
Transaction Overview Quanex is acquiring Woodcraft Industries for $248.5M, or ~8x LTM EBITDA A complementary strategic fit, adding: • Identical business model – just in time component supplier to OEMs • Clear market leader – almost twice as large as nearest competitor • In an attractive end market –
Slide 4: Attractive Opportunity Consistent with Strategy
Attractive Opportunity Consistent with Strategy Woodcraft acquisition is consistent with Quanex’s strategic objectives of pursuing M&A opportunities that provide market leadership, superior technology and attractive financial returns Attractive adjacency given its complementary OEM service model and
Slide 5: Woodcraft Industries Company Overview
Woodcraft Industries Company Overview Leading door and component supplier to the Kitchen and Bath Cabinet Industry Market leader with ~15% share of total domestic cabinet doors & components and ~27% share of outsourced market ¹ 2014 Revenue by Product Headquartered in St. Cloud, MN Over one million
Slide 6: Woodcraft Industries Product Overview
Woodcraft Industries Product Overview Breadth of products unmatched by competition – over one million SKUs across entire product spectrum Hardwood Doors Woodcraft manufactures a variety of door styles, including flat 41% of sales panel, solid raised panel, applied molding, arch, miter, and mullion P
Slide 7: U.S. Kitchen & Bath Cabinet Market Overview
U.S. Kitchen & Bath Cabinet Market Overview Market is expected to grow 7% per year Woodcraft primarily serves the stock & semi- custom segments, which together comprise U.S. Kitchen & Bath Cabinet Market Size ~80% of the total kitchen & bath cabinet ($ in Billions) market $18.0 $16.0 $3.5 Repair & R
Slide 8: Thank you
Thank you 7
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