Unifirst Corporation · NYSE:UNF
Unifirst — Merger or Acquisition (March 2026)
11 slides from Unifirst's merger presentation, Mar 11, 2026
Slide 1: Expanding Service Capabilities, Enhancing Workday Solutions and Advancing Industry Innovation
EXPANDING SERVICE CAPABILITIES, ENHANCING WORKDAY SOLUTIONS AND ADVANCING INDUSTRY INNOVATION March 11, 2026
Slide 2: Forward-Looking Statements
2 Forward - Looking Statements This communication contains forward - looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended (the “ Securities Act of 1933 ”), which involve risks and uncertaint
Slide 3: No Offer or Solicitation
3 No Offer or Solicitation This communication is not an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualifica ti on under the se
Slide 4: Combines complementary capabilities to enhance customer service and value
Combines complementary capabilities to enhance customer service and value Enhances our capabilities in an increasingly competitive market for garment facility and first aid and safety solutions serviced by a broad range of diverse and well - resourced companies Amplifies and accelerates benefits of
Slide 5: UniFirst provides ongoing service to diverse customer base
provides ongoing service to diverse customer base 5 2 STATE OF THE ART DISTRIBUTION CENTERS 280+ LOCATIONS ~16,000 TEAM PARTNERS ~300,000+ CUSTOMERS ACROSS US, CANADA AND EUROPE FY 2025 Revenue by Segment (%) 91% 5% 4% *This reporting segment currently consists of UniFirst's nuclear business. The se
Slide 6: A complete offering better positioned to compete with well-resourced companies
6 A complete offering better positioned to compete with well - resourced companies increasing their garment & facility offerings and last mile fleets, as well as competition from other procurement options, including direct purchase, direct managed programs, and hybrid approaches Combination of compl
Slide 7: Optimize shared technological infrastructure to make business easier for our customers
Integrated CRM and Digital Platforms Shared Analytics and Business Intelligence Capabilities Integrated Logistics and Route Networks Optimize shared technological infrastructure to make business easier for our customers 7 Ability to serve ~1.5M business customers with consistent quality Greater rout
Slide 8: Delivering innovative, more complete solutions to businesses of all sizes
8 Delivering innovative, more complete solutions to businesses of all sizes HIGHLY - FRAGMENTED MARKET WITH TREMENDOUS OPPORTUNITY FOR GREATER PARTICIPATION AND GROWTH Innovative, more complete solution and comprehensive value proposition for businesses of all sizes. Well - positioned to capitalize
Slide 9: Unlocks synergy and value creation
Unlocks synergy and value creation 9 OPERATIONAL EFFICIENCIES Procurement and sourcing expertise across garments, facility services and, first aid & safety products SG&A integration efficiencies Best - practice sharing across service, logistics and plant operations Processing footprint optimization
Slide 10: Transaction overview
10 Transaction overview • $310 per share paid consisting of $155 in cash and 0.7720 shares of Cintas stock for each share of UniFirst common and Class B s tock • No separate or additional consideration for Class B shares CONSIDERATION • $5.5 billion in enterprise value* • 8.0x run - rate TTM EBITDA,
Slide 11: Cintas. Ready for the Workday
CINTAS. READY FOR THE WORKDAY*