Floor & Decor Holdings, Inc. · NYSE:FND
Floor & Decor — Merger or Acquisition (May 2021)
7 slides from Floor & Decor's merger presentation, May 13, 2021
Slide 1: Floor & Decor To Acquire Spartan Surfaces
Floor & Decor To Acquire Spartan Surfaces
Slide 2: Forward-looking statements disclaimer
This investor presentation (“Investor Presentation”) is for informational purposes and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any securities of Floor & Decor Holdings, Inc. (“F&D”). This presentation includes statements relating to F&
Slide 3: Transaction: Spartan Surfaces
TransactionSpartan Surfaces “Spartan” $90mm of total consideration; $5mm in FND stock & $85mm in cash 20% of consideration in the form of performance based earnout through 2024 Funded through company’s existing cash on hand Expected to close in the second quarter of 2021 Commercial flooring distribu
Slide 4: Spartan business overview and positioning
Driven by passionate people building long-standing relationships Offers design and specification services of flooring products primarily to the A&D community, end-users, and commercial flooring contractors Innovative problem-solving team approach to offer the most value to commercial clients Scalabl
Slide 5: Spartan history, footprint and growth drivers
Founded in 2007 and led by founder and senior management team with deep industry relationships Concentrated in the Northeast, Mid-Atlantic, Southeast, Midwest with a recent expansion into Texas >40 reps in 12 key regions Track record of growth and business expansion 2020 Revenue of >$80mm with above
Slide 6: Strategic rationale for the acquisition
We believe the acquisition of Spartan allows us to accelerate our growth plans in the ~$13 billion highly fragmented commercial flooring industry We believe Spartan’s culture aligns with ours and that we can help accelerate their growth with our innovative products while lowering their costs through
Slide 7: What F&D brings to Spartan and what Spartan brings
What Floor & Decor Brings to Spartan Access to trend-right products at a lower cost A supply chain that includes 220+ vendors in 24 countries Capital and growth expertise across the US Distribution center and logistics expertise Resources to support faster sales rep expansion What Spartan Brings to
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