Kingspan — Merger or Acquisition (July 2023)

5 slides from Kingspan's merger presentation, July 2023

Slide 1: Kingspan: Steico
\ w Kingspan STEICO July 2023
Slide 2: Kingspan acquiring 51% of Steico SE, put/call option on additional 10.1%
• Kingspan acquiring 51% of Steico SE, put/call option on additional 10.1% • €35 per share upfront, up to €35 per share additional, contingent on achievement of specified profitability thresholds • Initial consideration of approximately €251m, with 25% potentially being exchanged for new Kingspan sh
Slide 3: 4 large European manufacturing sites, 27 lines
2% 6% 36% Geographic Regions Western Europe Germany and other Europe 56% Ame ricas 4 large European Rest of World manufacturing sites, 27 lines. 40% New Build/ Including significant Refurbishment* New Build 60% invested growth capacity, Refurbishme nt additional – c.€200m of revenue 10% Headquarters
Slide 4: Expanding bio-based category
Performance needs Expanding bio-based category CO2 1 Insulation performance (R-value) compared to rock mineral fibre of the same thickness. 2 The thermal conductivity range is based on major insulation manufacturers’ websites in key European markets (AT, BE, CZ, DK, FI, FR, DE, IRL, IT, NL, NO, PO,
Slide 5: Growth Drivers
Growth Drivers • Global leader in natural insulation, complementing Kingspan’s ‘Full Spectrum’ of insulation solutions strategy • Significant channel opportunity when combined with Kingspan’s global platform of high performance building solutions • Revenue growth supported by invested capacity – up