Columbus McKinnon Corporation · NASDAQ:CMCO
Columbus McKinnon — Merger or Acquisition (November 2021)
10 slides from Columbus McKinnon's merger presentation, Nov 4, 2021
Slide 1: Columbus McKinnon to Acquire Garvey Corporation
Columbus McKinnon to Acquire Garvey Corporation November 4, 2021 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement These slides, and the accompanying oral discussion (together, this “presentation”), contain “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 future sal
Slide 3: Executing our Blueprint for Growth 2.0
Executing our Blueprint for Growth 2.0 Transforming Columbus McKinnon into a high value, intelligent motion enterprise 3
Slide 4: Acquiring Garvey Corporation
Acquiring Garvey Corporation Leader in accumulation technology complements Dorner’s conveying solutions Provides unique, patented technologies in the design, Products application, manufacturing and integration of accumulation systems Accumulators 46% of Revenue Industries highest quality products, d
Slide 5: Excellent Strategic Fit for CMCO's Conveying Solutions
Excellent Strategic Fit for CMCO’s Conveying Solutions ✓ Accumulation technologies highly complementary to Dorner’s conveying technologies ✓ Various Technologies within $500M Accumulation Market ✓ Products Garvey can accumulate: Spiral Bi-Flow Mass Flow Recirculating Serpentine Significant cross-sel
Slide 6: Strong Brand in the Accumulation Space over 40+ Years
Strong Brand in the Accumulation Space over 40+ Years An accumulator is a module added to a continuous flow production line to increase efficiency and productivity by: • Balancing flow between machines when machine speeds and efficiencies don’t match • Automatically store and re-introduce product in
Slide 7: Leader in Attractive Vertical Markets
Leader in Attractive Vertical Markets Creates greater breadth and depth in attractive growth markets with strong secular tailwinds Food & Beverage Life Sciences/Pharma Consumer Packaging (~52% of FY20 Sales) (~35% of FY20 Sales) (~7% of FY20 Sales) • Leader in bottling capabilities • Ability to prec
Slide 8: Expands Conveying Solutions Platform
Expands Conveying Solutions Platform Accumulation technologies complementary to Dorner’s conveying technologies, provides scalable and integrated product offering opportunities across similar markets and customers Life Sciences and Food & Beverage markets served by Garvey have strong secular tailwin
Slide 9: Transaction Overview
Transaction Overview Purchase Price $74 million Transaction Costs Approximately $1.2 million GAAP EPS Accretion $0.05 per diluted share in fiscal 2023 Financing $75 million utilizing the accordion option under existing Term Loan B Net Leverage 2.8x proforma adjusted EBITDA expected at closing Transa
Slide 10: Columbus McKinnon to Acquire Garvey Corp.
Columbus McKinnon to Acquire Garvey Corp. November 4, 2021 10
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