Griffon Corporation · NYSE:GFF
Griffon — Merger or Acquisition (December 2021)
7 slides from Griffon's merger presentation, Dec 21, 2021
Slide 1: Acquisition of Hunter Fan Company
Acquisition of Hunter Fan Company December 20, 2021
Slide 2: Transforming the Griffon portfolio
Copyright © 2021 Griffon Corporation. All rights reserved. 1 Transforming the Griffon portfolio ¦ Leading brand of residential ceiling fans sold in the U.S. ¦ #1 share of fans sold at U.S. retail locations ¦ #1 share of fans sold through e-commerce ¦ Strong strategic alignment with Griffon’s Consume
Slide 3: Hunter: a leader in branded ceiling fans
Copyright © 2021 Griffon Corporation. All rights reserved. 2 Hunter: a leader in branded ceiling fans Consumer Ceiling Fans Residential Lighting Commercial Ceiling Fans Industrial Fans ■Residential ceiling fans ■Sold in-store and online ■Residential light fixtures ■Sold in-store and online ■Ceiling
Slide 4: Transaction summary
Copyright © 2021 Griffon Corporation. All rights reserved. 3 Transaction summary Purchase Price ¦ $845 million cash purchase price ¦ Purchase price reflects ~9.4x EBITDA expected in the first full fiscal year of operation, excluding synergies Financial ¦ Projected revenue in first full fiscal year o
Slide 5: Copyright © 2021 Griffon Corporation. All rights reserved.
Copyright © 2021 Griffon Corporation. All rights reserved.
Slide 6: Cautionary Note Regarding Forward-Looking Statements
Copyright © 2021 Griffon Corporation. All rights reserved. Cautionary Note Regarding Forward-Looking Statements “Safe Harbor” Statements under the Private Securities Litigation Reform Act of 1995: All statements related to, among other things, income (loss), earnings, cash flows, revenue, changes in
Slide 7: Use of Non-GAAP Financial Measures
Copyright © 2021 Griffon Corporation. All rights reserved. Use of Non-GAAP Financial Measures The Company provides financial measures and terms not calculated in accordance with accounting principles generally accepted in the United States (GAAP). Presentation of non-GAAP measures such as, but not l