Kingspan Group Plc · EURONEXT:KRX
Kingspan — Merger or Acquisition (January 2015)
7 slides from Kingspan's merger presentation, January 2015
Slide 1: Acquisition of Joris Ide Group
Acquisition of Joris Ide Group January 2015 1
Slide 2: The Deal
The Deal Joris Ide is a leading mainland European provider of Insulated Panels and related building systems. The Group’s five primary manufacturing locations are in Belgium, France, Germany, Romania and Russia. Kingspan has agreed to acquire the business for €315m: 8.75x LTM EBITDA –€36m 1
Slide 3: A Complimentary Model
A Complimentary Model Kingspan. d Joris Ide addresses a distinctly different market tier than Kingspan. _JORISIDE > Rapid Turnaround / Service > Smaller Average Order Size > Hub & Spoke / Regional Service Centres Kingspan. > Specification > Major Project > Prestige It's in the core
Slide 4: Recent Performance
Recent Performance Three Year Turnover Turnover by Country Other WE Europe SE Europe 4% Russia 7% 465 5% Netherlands France 441 7% 435 45% Germany 9% EBITDA 36 Belgium 28 23% 28 4
Slide 5: Geography/Scale
Geography/Scale Kingspan Europe Primary Facilities Joris Ide Primary Facilities Kingspan's primary presence in UK, Ireland, Netherlands, Germany and North Central Europe Joris Ide manufactures in five primary Insulated Panel facilities, along with eleven additional regional plants. Joris Ide's prima
Slide 6: Funding & Earnings Impact
Funding & Earnings Impact Group net debt (pre-acquisition) €’m > Cash at bank 170.0 > Private Placement (300.0) (130.0) Undrawn Facilities €’m > RCF 300.0 March 2019 maturity newly negotiated 2 year facilities > Bi-Lateral 190.0 490.0 • $158.0m scheduled repayment in March 2015 of Private Placement
Slide 7: Kingspan.
Kingspan. Kingspan Group plc Dublin Road, Kingscourt, Co. Cavan, Ireland Telephone: +353 42 969 8000 Fax: +353 42 966 7501 Email: admin@kingspan.ie www.kingspan.com
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