Lowe's Companies, Inc. · NYSE:LOW
Lowe's Companies — Merger or Acquisition (August 2025)
11 slides from Lowe's Companies's merger presentation, Aug 20, 2025
Slide 1: Lowe's Acquisition of Foundation Building Materials (FBM)
Lowe’s Acquisition of Foundation Building Materials (FBM) AUGUST 20, 2025
Slide 2: Forward-looking statements
Forward-looking statements This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "c
Slide 3: Use of Non-GAAP Information
Use of Non-GAAP Information We refer to certain non-GAAP financial measures in this presentation, including: • Lease Adjusted Debt to EBITDAR (Leverage). Lowe’s believes the ratio of Lease Adjusted Debt to EBITDAR is a useful supplemental measure and provides an indication of the results generated b
Slide 4: Lowe's Total Home Strategy 2025
Lowe’s Total Home Strategy 2025 Drive Accelerate Expand Create a Increase Pro penetration online sales home services loyalty space ecosystem productivity FBM acquisition marks significant step forward in key Pro growth initiative 4
Slide 5: Lowe's transformed Pro offering
Lowe’s transformed Pro offering P R O P E N E T R AT I O N U P F R O M ~ 1 9 % I N 2 0 1 9 … TO ~ 3 0 % I N 2 0 2 5 1 Powerful Pro Dedicated service Inventory investments Acquisition of ADG brand arsenal Enhanced Pro Robust Pro Launching Pro digital offering loyalty program Extended Aisle 1. Reflect
Slide 6: A leading North American distributor
A leading North American distributor M U LT I - TR A D E I N T E R I O R B U I L D I N G P R O D U C T S $ 635M FY2024 F O U N D E D I N 2 0 11 Adj. EBITDA1 Categories & customers Insulation Drywall Doors, Frames, 10% 6.5B & Hardware $ 10% 40% Commercial Residential BY (Split evenly between BY 45% N
Slide 7: FBM best-in-class capabilities
FBM best-in-class capabilities PROVEN TRACK RECORD OF ORGANIC AND INORGANIC GROWTH 370+ 1 Fully integrated platform with expansive capabilities including single brand L O C AT I O N S and consolidated ERP1 2 Strong financial track record including ~25% revenue and ~30% EBITDA CAGR from 2019 to 20242
Slide 8: FBM leadership team
FBM leadership team O V E R 2 0 0 Y E A R S O F I N D U S T RY E X P E R I E NC E ; 9 + Y E A R S AV E R A G E T E N U R E AT F B M 25+ 10+ 15+ 35+ 15+ YEARS YEARS YEARS YEARS YEARS experience experience experience experience experience Ruben Mendoza Wasi Ahmed Barb Bitzer Marshall Brown Onur Demirk
Slide 9: Strategic rationale
Strategic rationale S T R E N G T H E N I N G L O W E ’ S C O M P E T I TI V E P O S I T I O N Enhance offering to Platform for long-term Pro customers through Increase Pro penetration1 growth in Pro distribution expanded capabilities • Enable faster fulfillment • Leverage FBM’s successful • Extendi
Slide 10: Building a comprehensive interior solutions platform for the Pro
Building a comprehensive interior solutions platform for the Pro A leading provider of interior design Multi-trade distribution to contractors solutions and installation services in new home construction, with proven for flooring, cabinets and countertops, track record of successfully expanding serv
Slide 11: Transaction details & financial overview
Transaction details & financial overview R E L E VA N T F I G U R E S A N D T I M E L I N E Transaction Details FBM’s Impact Capital Structure • $8.8B purchase price reflects multiple of • Expected to be accretive to adjusted • Financed with combination of short-term 13.4x Adj. EBITDA1 diluted EPS i
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