Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Investor Presentation (August 2023)
11 slides from Worthington Enterprises's investor presentation, August 2023
Slide 1: Introducing Worthington 2024 – New Worthington
INTRODUCING WORTHINGTON 2024 In September 2022, Worthington announced plans to separate our Steel Processing business and create two standalone public companies by early 2024 – one comprised of our Building Products, Consumer Products and Sustainable Energy Solutions segments (which we are referring
Slide 2: Notes to Investors
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 intended separat
Slide 3: New Worthington Key Investment Highlights
NEW WORTHINGTON KEY INVESTMENT HIGHLIGHTS NET SALES OF • Market leading brands capitalizing on secular tailwinds $1.4 • Business model drives solid cash flow generation BILLION 1 • Strong barriers to entry creates sustainable competitive advantage Net Sales by End-Market1 • People-first culture • In
Slide 4: We Operate in Three Attractive End Markets
WE OPERATE IN THREE ATTRACTIVE END MARKETS… Building Products Sustainable Energy Solutions Consumer Products $586M NET SALES $146M NET SALES $686M NET SALES FY23 Net Sales (As of 05/31/23) NEW WORTHINGTON 4
Slide 5: Macro Trends Enabling Steady Long-Term Growth
…WITH STRONG UNDERLYING MACRO TRENDS ENABLING STEADY LONG- TERM GROWTH New Construction & Sustainability Outdoor Living Technology Remodeling Ceiling Metal HVAC H2 & CNG Refillable Lawn & BBQ / Camping Remote Asset Tools Solutions Framing Products Systems Solutions Garden Grill Products Products Mon
Slide 6: Well Positioned with Market-Leading Brands & Products
WE ARE WELL POSITIONED WITH MARKET-LEADING BRANDS & PRODUCTS CEILING CAMPING HAND TORCH METAL PORTABLE VERTICAL RESIDENTIAL SUSPENSION SYSTEMS FUEL AND FUELS FRAMING HELIUM TANKS HEATING TANKS NEW WORTHINGTON 6
Slide 7: Tailored Product & Market Growth Strategies
PRODUCT PRODUCT&&MARKET MARKET TAILORED TAILORED GROWTH GROWTH STRATEGIES STRATEGIES Grow omni-channel strategy across all brands GDP + Growth Invest in connected products in our spaces Optimize sourcing and supply chain capabilities Attractive EBITDA Margins Strategically acquire businesses in nich
Slide 8: Powered by the Worthington Business System
POWERED BY THE WORTHINGTON BUSINESS SYSTEM OUR DEEPLY-HELD PHILOSOPHY IS ROOTED IN THE GOLDEN RULE We treat our customers, employees, investors, and suppliers as we would like to be treated • Through continuous transformation, we drive higher margins within Manufacturing, Commercial, Sourcing, and S
Slide 9: New Worthington's Acquisition Criteria Will Drive Profitable Growth
NEW WORTHINGTON’S ACQUISITION CRITERIA WILL DRIVE PROFITABLE GROWTH • 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 capab
Slide 10: Led by a Proven Management Team
NEW WORTHINGTON IS BUILT ON A SOLID FOUNDATION LED BY A PROVEN MANAGEMENT TEAM ANDY ROSE JOSEPH HAYEK Chief Executive Officer Executive Vice President CFO & COO ERIC SMOLENSKI STEVE CARAVATI President President Building Products & Sustainable Energy Solutions Consumer Products Building Products Sust
Slide 11: New Worthington Key Investment Highlights
NEW WORTHINGTON KEY INVESTMENT HIGHLIGHTS NET SALES OF • Market leading brands capitalizing on secular tailwinds $1.4 • Business model drives solid cash flow generation BILLION 1 • Strong barriers to entry creates sustainable competitive advantage Net Sales by End-Market1 • People-first culture • In
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