Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Merger or Acquisition (May 2021)
10 slides from Lsi Industries's merger presentation, May 25, 2021
Slide 1: LSI Industries Acquisition of JSI Store Fixtures
LSI Industries Acquisition of JSI Store Fixtures May 25, 2021
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates” “encourage,” “projects,” “plans” “expects,” “can,” “intends, “believes,” “seeks,” “may,” “will,” “should,” or the neg
Slide 3: JSI Transaction Overview
JSI Transaction Overview Building our Presence Within Growing, Complementary Vertical Markets TransactionTerms + Transaction closed on May 21,2021 + LSl acquired 3sI Fixtures from RFE Investment partners for a cash purchase price of $90 million + LSI funded the acquisition of JS! through existing ca
Slide 4: Compelling Transaction Rationale
Compelling Transaction Rationale Building a Leading Commercial Lighting and Retail Display Solutions Company Creates a Diversified Business of Scale with ‘Compelling Growth Platform Within Strategic, Meaningful Cross-selling Opportunities Growing Market Vertical + LSIwill become a leading provider o
Slide 5: JSI Store Fixtures
JSI Store Fixtures ISI is a Leading Provider of Retail Display Solutions to Grocery & C-Store Verticals Established Market Leader Rapidly Growing, High-Margin Manufacturer of Merchandising Solutions + Milo, Maine corporate headquarters + Boyears of industry experience + & Facilities throughout North
Slide 6: JSI has an Established, Multi-Channel Product Portfolio
ISI has an Established, Multi-Channel Product Portfolio Vs) JSI's Innovative Products Maintain Freshness, Promote Food Safety, Drive Traffic Diversified Based of Large, Long-Tenured National Customer Accounts JSI serves of the top 20 pure-play NAgrocers Average customer tenure is 15 years + Organic
Slide 7: JSI is the Industry's Only "Bundled Solution" Provider
JSI is the Industry’s Only “Bundled Solution” Provider /si Technically Advanced, Aesthetically-Designed Food Equipment =) “One-Stop” Bundled Food Equipment Solutions Represent 80% of JSI's Annual Sales 207111 INDUSTRIES 7
Slide 8: Strategic Footprint Capable of Serving Deep Base of National Accounts
Strategic Footprint Capable of Serving Deep Base of National Accounts ISI Has a Scalable, Vertically-Integrated Model Vs) Full integrated Model 250,000+ SF of On: Strategically located facilities equipped to serve existing customers and, Milo, Maine target new customer opportunities Current footprin
Slide 9: JSI Acquisition Provides Compelling Growth Platform
ISI Acquisition Provides Compelling Growth Platform & LSI will Become a Higher-Growth, Higher-Margin, Less Cyclical Business & &IS| = Rss Facilities 7 4 u Employees 1100 ~300 “1,400 Annual Revenue! ~$306 million ~$70 million ~$376 million Annual Adj. EBITDA’ ~$15 million ~$10 million ~$25 million TT
Slide 10: Executing on Our Vertical Market Strategy
Executing on Our Vertical Market Strategy & ISI is Expected to Achieve Immediate Accretion in Year One Post-Transaction Compelling Investment Thesis is Higher-Growth and Higher-Margin JS| accelerates LSI revenue growth and margin EXPAND CHANGE ur Vertical 351 drives LSI Adjusted EPS accretion u ISI