Worthington Enterprises, Inc. · NYSE:WOR
Worthington Enterprises — Merger or Acquisition (December 2025)
11 slides from Worthington Enterprises's merger presentation, Dec 16, 2025
Slide 1: Overview of Planned Acquisition of LSI Group
LSI GROUP December 16, 2025 Overview of Planned Acquisition
Slide 2: Notes to Investors: Forward-Looking Statements
Notes to Investors FORWARD-LOOKING STATEMENTS. Selected statements in this presentation constitute “forward-looking statements,” as that term is used in the Private Securities Litigation Reform Act of 1995 (the “Act”). Worthington Enterprises, Inc. (the “Company” or “Worthington”) wishes to take adv
Slide 3: LSI Group strengthens our Building Products portfolio and aligns with our acquisition strategy
LSI Group strengthens our Building Products portfolio and aligns with our acquisition strategy 1 Source: Third party market study and internal estimates Leading player in the commercial metal roofing clips, components and accessories markets with a strong competitive position driven by product quali
Slide 4: Transaction Summary
Transaction Summary Transaction terms Base purchase price of $205 million in cash Represents a headline multiple of 9.1x, based on TTM adjusted EBITDA as of 09/30/25 LSI generated approximately $22.4 million of adjusted EBITDA for the TTM ended 09/30/25 Financial impact and synergies Expected to be
Slide 5: LSI is known for best-in-class quality, brands and customer service
LSI is known for best-in-class quality, brands and customer service long history of excellence… Manufacturer of commercial roofing clips and other specialty metal stampings, components and assemblies that was founded in 1968 and has 141 employees Two manufacturing locations in Logansport, IN Supplie
Slide 6: Key takeaways: Growing U.S. market for metal roofing components
Key takeaways Growing U.S. market for metal roofing components supported by retrofit and code-driven demand, expected to grow at 3-5% through 2029 Source: Third party market study and internal estimates ~$350–450M U.S. market for metal-roofing clips, accessories and sub-purlins Metal Roof Clips com
Slide 7: LSI aligns with our acquisition strategy to drive profitable growth
LSI aligns with our acquisition strategy to drive profitable growth Market-leading positions in niche markets High margin, high growth brands or products Asset-light or low capital intensity business model Exposure to channels within building or consumer products Additive capabilities that enhance o
Slide 8: Worthington Enterprises Key Investment Highlights
Established Portfolio of Market-Leading Brands with High Barriers to Entry Strong Underlying Secular Trends Enabling Steady Long-Term Growth Business Model Drives High Free Cash Flow and Returns Worthington Business System Accelerates Growth and Profitability Innovation For Highly Engineered Product
Slide 9: Appendix
Appendix Ww
Slide 10: Reconciliation of Non-GAAP Measures
See next slide for detailed footnotes related to reconciliation of Non-GAAP measures Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions)
Slide 11: Reconciliation of Non-GAAP Measures: Footnotes
Worthington Enterprises Reconciliation of Non-GAAP Measures (in millions) Non-GAAP Footnotes (1) EBIT and adjusted EBIT are non-GAAP financial measures. However, these measures are not used by management to evaluate the Company's performance, engage in financial and operational planning, or to deter
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