Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Worthington Industries — Merger or Acquisition (August 2023)
11 slides from Worthington Enterprises's merger presentation, Aug 4, 2023
Slide 1: New Worthington
NEW Worthington A market-leading designer and manufacturer of innovative products in attractive end markets including Building Products, Consumer Products, and Sustainable Energy Solutions NEW Worthington
Slide 2: Notes to Investors: Forward Looking Statements
NEW Worthington NOTES TO INVESTORS FORWARD LOOKING STATEMENTS. Worthington Industries, Inc. (the “Company” or “Worthington”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act”). Statements by the Company relating to the
Slide 3: Key Investment Highlights
NEW Worthington Market leading brands capitalizing on secular tailwinds Business model drives solid cash flow generation Strong barriers to entry creates sustainable competitive advantage People-first culture Innovation drives growth and margins Low leverage and ample liquidity enables additional gr
Slide 4: We Operate in Three Attractive End Markets
We Operate in Three attractive End Markets… Building Products Consumer Products $586M FY23 Net Sales (As of 05/31/23) $686M NET SALES NET SALES NEW Worthington Sustainable Energy Solutions $146M NET SALES
Slide 5: With Strong Underlying Macro Trends
…With strong underlying MACRO Trends Enabling steady long-term growth Commercial & Residential Aging housing stock Public investment in education and infrastructure Rural migration Home inventory shortfalls Healthy indoor spaces Ceiling Solutions Metal Framing Tools HVAC Products New Construction &
Slide 6: Market-leading Brands & Products
We Are Well Positioned with Ceiling suspension systems Camping fuel Hand torch and fuels Metal framing Portable helium tanks Vertical residential heating tanks NEW Worthington Market-leading Brands & Products
Slide 7: Product & Market Tailored Growth Strategies
GDP + Growth Attractive EBITDA Margins Strong Cash Flow Conversion Grow omni-channel strategy across all brands Continuously innovate with new products to disrupt mature markets Strategically acquire businesses in niche categories Optimize sourcing and supply chain capabilities Invest in connected p
Slide 8: The Worthington Business System and Philosophy
Through continuous transformation, we drive higher margins within Manufacturing, Commercial, Sourcing, and Supply Chain Excellence We innovate in partnership with our customers and suppliers We acquire strategic capabilities and invest in accretive opportunities We invest in technology and sustainab
Slide 9: Worthington's Acquisition Criteria Will Drive Profitable Growth
NEW Worthington Predominantly #1 or #2 brand or market position Higher margin, higher growth brands or products Asset-light or low capital intensity business model Exposure to the channels where we have leadership positions Additive capabilities – must make us better! Demonstrated sustainable compet
Slide 10: Led by a Proven Management Team
NEW Worthington Building Products Ceiling Solutions Heating & Cooling Products Andy Rose Chief Executive Officer Joseph Hayek Executive Vice President CFO & COO Back-Up Power Metal Framing Sustainable Energy Solutions Transport and Storage Offerings H2 Ecosystems Mobility Solutions Transport & Stora
Slide 11: Key Investment Highlights
NEW Worthington Market leading brands capitalizing on secular tailwinds Business model drives solid cash flow generation Strong barriers to entry creates sustainable competitive advantage People-first culture Innovation drives growth and margins Low leverage and ample liquidity enables additional gr
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