Mativ Holdings, Inc. · NYSE:MATV
Mativ — Merger or Acquisition (August 2023)
6 slides from Mativ's merger presentation, Aug 1, 2023
Slide 1: Proposed Engineered Papers Divestiture & Revised Capital Allocation
Proposed Engineered Papers Divestiture & Revised Capital Allocation August 1, 2023
Slide 2: Bringing Our Strategy to Life
Bringing Our Strategy to Life Accelerated Growth Filtration Outsized potential to create value. Protective Solutions • Executing on our strategy to accelerate growth in defensible Release Liners specialty material markets • Focusing investment toward categories and technologies that Balanced Contrib
Slide 3: Proposed Transaction Highlights, Debt Reduction
Proposed Transaction Highlights, Debt Reduction Valuation Debt Reduction Timing Reporting Total enterprise value (gross Net proceeds expected to be Expected to close during EP reported as assets held for price) for EP of $620 million1; ≈ $575 million 4Q:23, upon regulatory sale beginning in 3Q:23 ≈
Slide 4: Rebalanced Capital Allocation
Rebalanced Capital Allocation Transformation Dividend Debt Paydown Buyback M&A Portfolio transformation Reset annualized dividend ≈ $70 million of go-forward Newly authorized $30 M&A not likely until = reassessment of capital to $0.40 per share, or $22 excess cash flow for debt million stock repurch
Slide 5: Proposed Transaction repositions Mativ on several fronts
Proposed Transaction Going forward after close… • ≈ $2.2 billion in sales repositions Mativ on • Multi-year top-line growth 3% - 5% several fronts • • ≈ 13% Adj. EBITDA margin Adj. EBITDA margin progression toward 15% goal • Tobacco exposure removed • Accelerated sales and EBITDA growth • Balanced c
Slide 6: Legal Disclaimers
LEGAL DISCLAIMERS Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are subject to the safe harbor created by that Act and other legal protections. Forward-looking statements in