Federal Signal Corporation · NYSE:FSS

Federal Signal — Merger or Acquisition (May 2019)

11 slides from Federal Signal's merger presentation, May 14, 2019

  1. Slide 1: Federal Signal to Acquire Mark Rite Lines Equipment Company, Inc.

    Federal Signal to Acquire Mark Rite Lines Equipment Company, Inc. May 14, 2019 Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer

  2. Slide 2: Safe Harbor

    Safe Harbor This presentation contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this presentation that are not hist

  3. Slide 3: Federal Signal to Expand its Specialty Vehicle Platform

    Federal Signal to Expand its Specialty Vehicle Platform Signs a definitive agreement to acquire Mark Rite Lines Equipment Company, Inc. (“MRL”) • MRL is a leading U.S. manufacturer of truck-mounted and ride-on road- marking equipment  MRL’s wholly-owned subsidiary, HighMark Traffic Services (“HighM

  4. Slide 4: MRL's Broad Product Portfolio and Service Offering

    MRL’s Broad Product Portfolio and Service Offering Road-Marking Equipment Thermoplastic Marking Trucks Paint Marking Trucks Line Removal Trucks Plural Component Marking Self-Propelled / Ride-on Trucks Marking Equipment Road-Marking Services Parts and Repair Services • HighMark provides road-marking

  5. Slide 5: MRL Acquisition is Aligned with FSC's M&A Strategy

    MRL Acquisition is Aligned with FSC’s M&A Strategy M&A Target Criteria MRL Equipment • Niche, market-leading specialty vehicle manufacturer  • #1 position in niche U.S. road-marking space  • Premium brand in the industry; “one-stop shop” value proposition Characteristics • Sustainable competitive

  6. Slide 6: Attractive Industry Fundamentals

    Attractive Industry Fundamentals MRL is well-positioned to benefit from numerous industry tailwinds, which are driving demand for road-marking equipment and services Key Demand Drivers • Decades of under-investment in U.S. infrastructure has resulted in significant pent-up demand for construction sp

  7. Slide 7: Transaction Summary

    Transaction Summary • Initial purchase price of $55.5 M, subject to post closing adjustments • In addition, there is a contingent earnout payment of up to $15.5 M  Earnout is tied to MRL’s financial performance in the 3 years post closing • Intend to finance the acquisition with cash on hand and bo

  8. Slide 8: Federal Signal's Growing Specialty Vehicle Platform

    Federal Signal’s Growing Specialty Vehicle Platform Acquisition of MRL will further solidify FSC’s presence in the maintenance and infrastructure space Markets Served Application Street Sewer Safe Industrial Material Road Sweeping Cleaning Digging Cleaning Hauling Marking Brands Products End Markets

  9. Slide 9: Federal Signal Conference Call Q&A

    Federal Signal Conference Call Q&A May 14, 2019 Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer 9

  10. Slide 10: Investor Information

    Investor Information Stock Ticker - NYSE:FSS Company website: federalsignal.com/investors HEADQUARTERS 1415 West 22nd Street, Suite 1100 Oak Brook, IL 60523 INVESTOR RELATIONS CONTACTS 630-954-2000 Ian Hudson Svetlana Vinokur SVP, Chief Financial Officer VP, Treasurer and Corporate Development IHuds

  11. Slide 11: Federal Signal Moves. Cleans. Protects.

    FEDERAL SIGNAL if he Moves. Cleans. Protects.

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