Somnigroup International Inc. · NYSE:SGI
Somnigroup International — Merger or Acquisition (April 2026)
26 slides from Somnigroup International's merger presentation, Apr 13, 2026
Slide 1: Somnigroup to Acquire Leggett & Platt
Somnigroup to Acquire Leggett & Platt April 13, 2026 1
Slide 2: Transaction Summary
Transaction Summary • Total purchase price of approximately $2.5B, based on Somnigroup’s closing share price on April 10, 2026 • 100% stock consideration Consideration • Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt s
Slide 3: The Somnigroup Investment Thesis: The Stage Is Set – the Best Is Yet to Come
The Somnigroup Investment Thesis: “The Stage Is Set – the Best Is Yet to Come” Global Scale, Vertical Integration: A leading international bedding company with leading, end-to-end capabilities from design and manufacturing to retail Omnichannel Reach & Iconic Brands: Portfolio of trusted brands and
Slide 4: High-level Strategic Direction | Corporate Governance | Capital Allocation
High-level Strategic Direction | Corporate Governance | Capital Allocation Leading global Leading U.S. Leading U.K. Leading global bedding manufacturer bedding retailer bedding retailer components designer & manufacturer Tactical Go-to-market Strategy | Operational Excellence | Passionate Customer S
Slide 5: Leggett & Platt: Facts and Figures
Leggett & Platt Overview Leggett & Platt: Facts and Figures⁴ • Leggett & Platt is an international diversified manufacturer that conceives, designs, and produces a wide range of engineered components and products found in many homes and automobiles $4.1B • Innovative proprietary products and efficie
Slide 6: Leggett & Platt Business Highlights
Leggett & Platt Business Highlights Strong Competitive • Trusted supplier to customers across varied, large addressable end markets Positions in Core Markets • Diverse customer base with low concentration • Supports bedding customers’ product needs from raw materials to components to finished mattre
Slide 7: Transaction Rationale
Transaction Rationale 1 Continues Vertical Integration Strategy, Enhancing Consumer-Centric Innovation 2 Expands Addressable Market in Bedding and into Non-Bedding Industries 3 Reduces Financial Leverage2 and Drives Operating Cash Flow 4 Drives Immediate Adjusted EPS2 Accretion Before Synergies 5 Cr
Slide 8: Continues Vertical Integration Strategy
1 Continues Vertical Integration Strategy Bedding Products 01 4 industry-leading lab sites Innovation 110,000+ square feet of R&D + 5 development & 02 70+ strategically located plants globally, innovation centers Production supported by resilient supply chains 03 $700M+ annual advertising spend + 25
Slide 9: Enhances Consumer-Centric Innovation
1 Enhances Consumer-Centric Innovation Bedding Products Deployment of Innovation Pipeline driven by Innovation Pipeline driven by proprietary technologies Engineering Expertise and Consumer Insights across Somnigroup’s Collaboration portfolio of leading products Key Innovation Areas Key Innovation A
Slide 10: Expands Addressable Market in Bedding
2 Expands Addressable Market in Bedding ROD & WIRE AND SPECIALTY ADJUSTABLE INTERNATIONAL U.S. SPRING FOAM BED BEDDING Experienced workforce Strong business in North American Strategically supporting quality and hybrid and foam footprint with positioned physical consistent production mattres
Slide 11: Expands Addressable Market into Non-Bedding Industries
2 Expands Addressable Market into Non-Bedding Industries Combined Company6 FY ‘25 FY ‘25 12% Expands and fortifies bedding operation and 100% provides opportunity for diversified long-term 10% growth and cash flow generation Product 78% Integrating Leggett & Platt’s innerspring and specialty foa
Slide 12: Reduces Financial Leverage and Drives Operating Cash Flow
3 Reduces Financial Leverage and Drives Operating Cash Flow Cost Accelerated Synergies Deleveraging Leverage2 Target Range: 2.0x – 3.0x Operational End-Market Efficiency Expansion Capital Maintenance Capex and Return Value to Allocation Strategic Reinvestment Shareholders Opportunistic M&A Prioritie
Slide 13: Drives Immediate Adjusted EPS Accretion Before Synergies
4 Drives Immediate Adjusted EPS Accretion Before Synergies FY ‘25 FY ‘254 FY ‘256 Consolidated Sales $7.5B $4.1B $11.2B Adjusted EBITDA2 $1.3B $385M $1.7B Capex $167M $57M $224M Acquisition expected to be accretive to adjusted EPS2 before synergies in the first year post-close3 13
Slide 14: Creates Meaningful Synergy Opportunities
5 Creates Meaningful Synergy Opportunities Preliminary Expected Sourcing: Creates a platform to further increase Run-Rate Synergies3 internal sourcing and supply integration Operations: Leverages the combined scale and $10M vertically integrated infrastructure across $20M manufacturing and logistics
Slide 15: Transaction Valuation
Transaction Valuation Pre-Synergies Post-Synergies FY ‘25 FY ‘25 Purchase Price $2.5B $2.5B Adjusted EBITDA2,7 $380M $380M Expected Run-Rate Synergies3 $0M $50M Adjusted EBITDA2 After Synergies $380M $430M Expected Multiple3 6.6x 5.8x We expect attractive cost synergies to drive value creation for t
Slide 16: The Somnigroup Investment Thesis: The Stage Is Set – the Best Is Yet to Come
The Somnigroup Investment Thesis: “The Stage Is Set – the Best Is Yet to Come” Global Scale, Vertical Integration: A leading international bedding company with leading, end-to-end capabilities from design and manufacturing to retail Omnichannel Reach & Iconic Brands: Portfolio of trusted brands and
Slide 17: Appendix
APPENDIX 4 a 6 SOMNIGROUP }h Ww
Slide 18: Forward Looking Statements
Forward Looking Statements This investor presentation contains statements that may be characterized as “forward-looking” within the meaning of the federal securities laws. Such statements might include information concerning one or more of Somnigroup International Inc.’s (“Somnigroup”) and Leggett &
Slide 19: Forward Looking Statements
Forward Looking Statements Note Regarding Historical Financial Information: In this investor presentation we provide or refer to certain historical information for Somnigroup and Leggett. For a more detailed discussion of Somnigroup’s and Leggett’s financial performance, please refer to Somnigroup’s
Slide 20: Legends
Legends No Offer or Solicitation This investor presentation is not intended to be, and shall not constitute, an offer to sell, buy or exchange or the solicitation of an offer to sell, buy or exchange any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities
Slide 21: Use of Non-GAAP Financial Measures Information
Use of Non-GAAP Financial Measures Information In this investor presentation and certain of its press releases and SEC filings, Somnigroup provides information regarding EBITDA, adjusted EBITDA, and leverage, which are not recognized terms under U.S. Generally Accepted Accounting Principles (“GAAP”)
Slide 22: Somnigroup – 2025 Adjusted EBITDA
Somnigroup – 2025 Adjusted EBITDA Twelve Months Ended (in millions) December 31, 2025 Net income $ 384.1 Interest expense, net 261.1 Transaction related interest expense, net (1) 6.8 Income tax provision 95.7 Depreciation and amortization 291.6 EBITDA $ 1,039.3 Adjustments for financial covenant pur
Slide 23: Somnigroup – 2025 Adjusted EBITDA
Somnigroup – 2025 Adjusted EBITDA (1) In the year ended 2025, the Company incurred $6.8 million of transaction related interest expense, net of interest income, related to the Term B Loan drawn and held in escrow. The proceeds of the Term B Loan were released upon the closing of the acquisition of M
Slide 24: Somnigroup – 2025 Leverage Reconciliation
Somnigroup – 2025 Leverage Reconciliation (in millions) December 31, 2025 Total debt, net $ 4,685.7 Plus: Deferred financing costs (1) 31.6 Total debt 4,717.3 Less: Netted cash (2) 134.9 Consolidated indebtedness less netted cash $ 4,582.4 (1) The Company presents deferred financing costs as a direc
Slide 25: Leggett & Platt – 2025 Adjusted EBITDA
Leggett & Platt – 2025 Adjusted EBITDA Twelve Months Ended (in millions) December 31, 2025 Net earnings $ 235.4 Net interest expense 66.3 Income taxes 54.3 Depreciation and amortization 122.4 EBITDA $ 478.4 Adjustments for reported Adjusted EBITDA Gain on sale of Aerospace Products Group (90.9) Net
Slide 26: Footnotes
Footnotes (1) Expected post-closing ownership is based on fully diluted shares outstanding as of April 9, 2026. (2) EBITDA, adjusted EBITDA, adjusted EPS, and leverage are non-GAAP financial measures. Please refer to the “Use of Non-GAAP Financial Measures Information” on a previous slide for more i
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