Nordson Corporation · NASDAQ:NDSN

Nordson — Merger or Acquisition (February 2017)

16 slides from Nordson's merger presentation, Feb 20, 2017

  1. Slide 1: Nordson Corporation FY17 Acquisition Update

    Nordson Corporation A premier industrial technology company focused on precision dispensing, fluid control and related processes FY17 Acquisition Update Dispensing - Processing - Test & Inspection - Surface Treatment - Fluid Management : NDSN February 20, 2017

  2. Slide 2: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Information in this presentation may contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “m

  3. Slide 3: Four Transactions Announced Since 1/1/2017

    Four Transactions Announced Since 1/1/2017 All align with previously articulated strategy Core electronics fluid dispense Core industrial, animal Medical single use and management health, and general fluid components and devices packaging & dispense  All will become part of Nordson Advanced Technol

  4. Slide 4: ACE Production Technologies

    ACE Production Technologies Closed January 6, 2017 Designer and manufacturer of selective soldering systems  Founded in 2005; Spokane, WA based; facility includes demo labs and mfg.; ~35 employees  Key end markets: automotive and industrial electronics assembly applications  Continued mid to high

  5. Slide 5: InterSelect GmbH

    InterSelect GmbH Closed February 15, 2017 Designer and manufacturer of selective soldering systems  Founded in 2010; Germany based; 7 employees with network of outsourced partners  Key end markets: aerospace, automotive and industrial electronics assembly applications  Continued mid to high singl

  6. Slide 6: Selective Soldering

    Selective Soldering New growth niche within electronics assembly To become Nordson SELECT  Provides new growth platform within electronics manufacturing  Presence in US and Europe; leverage Nordson footprint to expand growth in Asia  Diversifies product offering; products sold to many of Nordson’

  7. Slide 7: Plas-Pak Industries

    Plas-Pak Industries Closed February 1, 2017 Developer and manufacturer of injection molded plastic proprietary dual cartridge dispensing systems, syringes and related products  Founded in 1985; based in Norwich, CT based; 150K sq. ft. office and manufacturing facility; ~150 employees  Relationship

  8. Slide 8: Strategic Rationale

    Strategic Rationale Highly complementary to Nordson EFD product line  Adds recurring revenue to Nordson portfolio - single-use consumables  Provides entry into fast growing animal health market; adds to Nordson presence in other markets  Increases competitive advantages in two component (2K) disp

  9. Slide 9: Vention – Advanced Technologies (AT)

    Vention – Advanced Technologies (AT) Agreement to acquire announced February 20, 2017 A leading designer, developer and manufacturer of minimally invasive interventional delivery devices catheters and advanced components for the global medical technology market  Adds scale in attractive and rapidly

  10. Slide 10: Vention AT Capabilities Overview

    Vention AT Capabilities Overview Design & Development Advanced Component Manufacturing  Concept and brainstorming  Heat shrink tubing  Quality and regulatory  Medical balloons  Pilot manufacturing  Polyimide tubing  Select volume manufacturing  Braid reinforced shafts  Labeling and packagin

  11. Slide 11: Products and Technologies

    Products and Technologies Project Viking AT Board Materials 20170126_v6.pptx\26 JAN 2017\9:29 PM\6 Robust portfolio – single use consumables – recurring revenue Custom Catheters Medical Balloons Medical Tubing Specialized Extrusions Heat Shrink Tubing Polyimide Tubing Reinforced Shafts / Nitinol Com

  12. Slide 12: Diverse End Markets

    Diverse End Markets Project Viking AT Board Materials 20170126_v6.pptx\26 JAN 2017\9:29 PM\16 Growing at high single, low double digit rate 2016 Revenue by Geography  Coronary / Peripheral Vascular  Minimally Invasive Surgery Japan  Structural Heart 1%  Electrophysiology Europe Asia Pacific 13%

  13. Slide 13: Diverse Customer Base

    Diverse Customer Base Project Viking AT Board Materials 20170126_v6.pptx\26 JAN 2017\9:29 PM\16 Serving major global medical OEMS and emerging technology innovators  Multiple current program ramps  Several new program wins FY17 YTD  Deep pipeline of new opportunities  Vention AT & Nordson MEDICA

  14. Slide 14: Consistent with stated acquisition strategy

    Consistent with stated acquisition strategy Complements existing Nordson MEDICAL platform Bio-material delivery devices 2011 2010 Single use connectors and fittings Cannulae, catheters and tubing 2014 2016

  15. Slide 15: Selected Financial Detail – Vention AT

    Selected Financial Detail – Vention AT  $705 million purchase price – funded with cash and debt  Sales: $150 million for 12 months ended 1/31/2017  EBITDA: $48 million for 12 months ended 1/31/2017  EBITDA margin accretive to Nordson  EBITDA multiple 14.7x  ~$5 million in cost synergies identi

  16. Slide 16: CNordson

    CNordson

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