Columbus Mckinnon Corporation · NASDAQ:CMCO
Columbus Mckinnon — Merger or Acquisition (April 2023)
16 slides from Columbus Mckinnon's merger presentation, Apr 26, 2023
Slide 1: Columbus McKinnon to Acquire montratec GmbH
Columbus McKinnon to Acquire montratec® GmbH David J. Wilson President and Chief Executive Officer Gregory P. Rustowicz Executive Vice President – Finance & Chief Financial Officer April 26, 2023
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning the timing for the acquisition to be accretive to the Company’s financial r
Slide 3: Unlocking CMCO's Potential
Unlocking CMCO’s Potential Business System and Core Growth Framework to Transform CMCO CMBS GROWTH FRAMEWORK TRANSFORMATION Transforming Columbus McKinnon into a Global, Top-Tier, Intelligent Motion Enterprise 3 © 2022 COLUMBUS MCKINNON CORPORATION
Slide 4: Investment Highlights and Strategic Rationale
Investment Highlights and Strategic Rationale Acquisition of montratec GmbH Creates significant growth synergy opportunities with addition of asynchronous 1 intelligent automation and transport systems to precision conveyance platform 2 Advances strategic transformation with higher growth, higher ma
Slide 5: montratec Summary
montratec Summary Revenue Profile 4% 11% 20% 20% 35% 60% 22% 20% 80% 28% Europe U.S. APAC Direct Systems Integrators Auto/EV Semi/Elec Life Sci Other Aero ✓ Develops and manufactures logistics solutions connecting robots and workspaces ✓ Located near Stuttgart, Germany with 30% growth rates and mid
Slide 6: Leading Technology in Asynchronous Conveyance
Leading Technology in Asynchronous Conveyance Expands Market Access and Increases Value Proposition 6 © 2022 COLUMBUS MCKINNON CORPORATION
Slide 7: montratec Serves Attractive Markets
montratec Serves Attractive Markets Consumer Automotive/ Life Sciences Electronics/ Packaging/ EV /MedTech Semiconductors Plastics • EV batteries • Medical devices • Packaging materials • Printed circuit boards • Motors • Medical supplies • Injection molding • Displays • Seats • Pharmaceuticals • Se
Slide 8: Precision Conveyance Landscape
Precision Conveyance Landscape Asynchronous Asynchronous Linear Motor Pallet Monorail System Timing Belt Precision Belted Dorner Dorner Dorner montratec N/A Palletized, low speed, Low cost, compact Fixtured, high speed, Async, high speed, high Async, very high heavy load, low back *TCO: total cost o
Slide 9: Global Market for Assembly Conveyance
Global Market for Assembly Conveyance montratec Current Market Access OHT* Semiconductor $4,650 Linear Motor Technology $1,150 TAM: ~$3.5B Speed: 3-5 meter / sec Cleanroom Semiconductor Cleanroom: ISO2 – ISO3 TAM: ~$350M $800 Load: 8-20Kg Speed: 4.0+ meter / sec Traditional Pallet Cleanroom: Multipl
Slide 10: Transaction Overview
Transaction Overview ~$110 million (€101.25 million) plus ~$14 million (€12.65 million) earnout based on EBITDA Purchase Price performance Transaction Costs Approximately $3.5 million including integration costs but excludes financing fees Growth Synergies Expect to more than double the size of the
Slide 11: Capital Structure
Capital Structure ($ in millions) CAPITALIZATION Preliminary CMCO net debt leverage ratio1 at Preliminary Pro forma 3/31/2023: ~2.2x December 31, March 31, March 31, • Preliminary FY23 cash from operations: $83.6 million 2022 2023 2023 Cash and cash equivalents $ 81.5 $ 133 $ 133 Pro forma combined
Slide 12: Advancing Along our Transformation Path
Advancing Along our Transformation Path FUTURE REVENUE GROWTH RATE FY23 Pro forma Specialty Conveying Linear Motion Linear Automation Motion 13% 9% FY21 Specialty Automation Conveying 19% Lifting Linear Motion Solutions & Automation Lifting Solutions 59% Lifting Solutions EBITDA MARGIN Executing Str
Slide 13: Supplemental Information
Supplemental Information April 26, 2023
Slide 14: montratec Adjusted EBITDA Reconciliation
montratec Adjusted EBITDA Reconciliation December 31, 2022 montratec’s adjusted EBITDA is defined as net Net income 2,721,604 € Add back (deduct): income before interest expense, income taxes, Income tax expense (benefit) 240,600 € depreciation, and other adjustments. Adjusted Interest and debt expe
Slide 15: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Three Months Ended March 31, 2023 For purposes of this presentation, the Company (Preliminary Range) has defined Adjusted EBITDA as income from Low End High End operations before depreciation, amortization, and other adjustments. Adjusted EBITDA is not a Income from op
Slide 16: Columbus McKinnon to Acquire montratec GmbH
Columbus McKinnon to Acquire montratec GmbH April 26, 2023
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