Millerknoll, Inc. · NASDAQ:MLKN

Millerknoll — Miller Herman — Merger or Acquisition (October 2019)

13 slides from Millerknoll's merger presentation, Oct 8, 2019

  1. Slide 1: Herman Miller Agrees to Acquire Majority Interest in HAY A/S

    Herman Miller Agrees to Acquire Majority Interest in HAY A/S • Further accelerates global growth of the HAY brand • Increases Herman Miller’s ancillary product offering • Expands Herman Miller’s retail and contract furnishing footprint October 8, 2019 ZEELAND, Michigan – Herman Miller, Inc. (NASDAQ:

  2. Slide 2: About Herman Miller and About HAY

    Additional information concerning the transaction is included in an investor presentation available on Herman Miller’s website. View presentation. For more information contact: Media_Relations@hermanmiller.com Investor_Relations@hermanmiller.com About Herman Miller Herman Miller is a globally recogn

  3. Slide 3: Transaction Highlights October 2019

    Transaction Highlights OCTOBER 2019

  4. Slide 4: HAY Company Snapshot

    HAY COMPANY SNAPSHOT 2 High design European Headquarters: Denmark Revenue Growth (4 Yr. CAGR): 9% brand offering furniture Founded: 2002 FY19 Financial Results and accessories products Employees: ~190 (Year Ended July 2019): for consumer and Geographic Presence: Revenue: $160M contract markets Over

  5. Slide 5: HAY Design Leadership

    HAY DESIGN 3 LEADERSHIP Rolf and Mette Hay are the husband-and-wife duo behind HAY. Rolf began his career working for various design companies in Denmark and teaching himself design and design development, while Mette’s parents ran a design store. In 2002, the couple founded HAY as a contemporary de

  6. Slide 6: HAY Portfolio

    HAY PORTFOLIO 4 HAY brings a growing portfolio of beautifully designed furnishings and accessories to the Herman Miller family of brands. Today, they offer 200 styles of furniture and more than 400 accessory options. Here are just a few examples...

  7. Slide 7: Accessories

    ACCESSORIES 5

  8. Slide 8: Dining

    DINING 6

  9. Slide 9: Seating

    SEATING 7

  10. Slide 10: Lounge & Outdoor

    LOUNGE & OUTDOOR 8

  11. Slide 11: Office

    OFFICE 9

  12. Slide 12: HAY Transaction Highlights

    HAY TRANSACTION HIGHLIGHTS 10 Additional 34% Equity Investment in HAY –– When combined with initial 33% investment in 2018, ownership in HAY increases to a majority interest of 67% –– $78M cash investment –– Accounting treatment expected to shift from a non-consolidated equity investment to consolid

  13. Slide 13: Slide 13

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