Idex Corporation · NYSE:IEX
Idex — Merger or Acquisition (July 2024)
14 slides from Idex's merger presentation, Jul 23, 2024
Slide 1: Strategic Acquisition of Mott
Strategic Acquisition of Mott July 23, 2024 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements Cautionary Statement Under the Private Securities Litigation Reform Act; Non-GAAP Measures This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forwar
Slide 3: Mott – A Strategic Value Creation Acquisition
Mott – A Strategic Value Creation Acquisition Enhances ability to deliver innovative, customized, and highly technical micro-precision solutions that are increasingly essential to customer product performance Increases opportunities in semiconductor wafer fab equipment, energy transition, medica
Slide 4: Mott is a Leader in the Design and Manufacturing of Sintered Porous Material Structures
Mott is a Leader in the Design and Manufacturing of Sintered Porous Material Structures and Flow Control Solutions • Precision, microporous structures • Leader in porous • Highly engineered products, metal filtration systems, and processes • Extreme, harsh environments (e.g.,1,700°F) • Mission-criti
Slide 5: Amplifies Ability to Partner with Customers to Develop Innovative Solutions
Amplifies Ability to Partner with Customers to Develop Innovative Solutions State-of-the-art transition metal flow control and low vapor pressure filtration technologies critical for the production of next generation Artificial Intelligence and Quantum Computing chips Advanced porous transport layer
Slide 6: Mott Overview
Mott Overview 1959 ~500 $200M HSD Low 20s Founded Employees 2024E Revenue Revenue Growth EBITDA Margin* Leading Provider of Critical Flow Control and Other** Space & Defense Precision Microporous Filtration solutions 8% Medical 4% • Applied material and process control expertise with unique Technolo
Slide 7: Transaction Highlights
Transaction Highlights • Cash consideration of $1B; when adjusted for present value of expected tax benefits of ~$100 Consideration million, net transaction value is ~$900M and Valuation • Represents ~19x forecasted full year 2024 EBITDA* and mid-teens multiple for 2025* • Funded through cash on han
Slide 8: Expect to Deliver Significant Strategic and Financial Benefits
Expect to Deliver Significant Strategic and Financial Benefits Brings scale to IDEX’s applied material science technologies portfolio that includes 1 Optical Technologies, the Muon Group, and STC Material Solutions Broadens presence in technology-enabled applications with significant long-term 2 gro
Slide 9: Mott Further Expands Applied Material Science Technologies Portfolio
Mott Further Expands Applied Material Science Technologies Portfolio + Industry-Leading World-Leader in Highly Engineered Critical Flow Control and Surface Sciences and Micro-Precision Advanced Materials and Precision Microporous Optical Components Components Technical Ceramics Filtration Solutions
Slide 10: Mott's Products are Additive to IDEX's Businesses and Enhance Positioning across High-Value End Markets
Mott’s Products are Additive to IDEX’s Businesses and Enhance Positioning across High-Value End Markets Semiconductor Wafer Fab Energy Water Space & Medical Equipment Transition Purification Defense Technologies Expands high-purity, Scales commercial and Complements growing Further supports Leverage
Slide 11: Strong Fit Further Strengthened by Implementation of IDEX Operating Model
Strong Fit Further Strengthened by Implementation of IDEX Operating Model Disciplined focus on 80/20 for Growth and highest impact efforts Operational Excellence • Reducing complexity through prioritization of highest-value activities, customers, and markets based on deep understanding of customer v
Slide 12: Adds to Growth and Margin Profile
Adds to Growth and Margin Profile Value Creation Financial Benefits Technical and Commercial Excellence, Operating Model Accretive to Adj. EPS* Implementation Fiscal 2026 Innovation, Technology, EBITDA Margin Expansion* and R&D Expertise ~400 – 600 bps exiting 2026 Commercial Synergies & Double-Digi
Slide 13: Strategic Acquisition with Significant Value Creation Opportunity
Strategic Enhances ability to deliver innovative, customized, and highly technical micro-precision solutions that are Acquisition increasingly essential to customer product performance with Significant Increases opportunities in semiconductor wafer fab equipment, energy transition, medical techn
Slide 14: Trusted Solutions
Trusted Solutions,