Csw Industrials, Inc. · NYSE:CSW
Csw Industrials — Merger or Acquisition (March 2025)
16 slides from Csw Industrials's merger presentation, Mar 18, 2025
Slide 1: CSW Industrials Announces Agreement to Acquire Aspen Manufacturing
CSW Industrials, Inc. Announces Agreement to March 18, 2025 Acquire Aspen Manufacturing
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the business, financial condition and results of operations of CSW Industrials, Inc. (“CSWI” or the “Company”).
Slide 3: Aspen Manufacturing Business Overview
Aspen Manufacturing Business Overview
Slide 4: Aspen Manufacturing: Proposed Acquisition Overview
Aspen Manufacturing: Proposed Acquisition Overview Financing • ~$313.5 Million purchase price representing ~11x Aspen Manufacturing’s 2024 Adjusted EBITDA Considerations • Anticipated acquisition funding with cash on hand and the remainder funded utilizing CSWI’s existing $500MM Revolving Credit Fac
Slide 5: Aspen Manufacturing Overview
Aspen Manufacturing Overview Company Overview Product Summary • Founded in 1975 and based in Humble, TX, Aspen is Evaporator Coils Air Handlers one of the largest independent coil and air handler manufacturers in North America • Primarily serves end users in the residential market segment (both sing
Slide 6: Aspen Manufacturing Customer Value Proposition
Aspen Manufacturing Customer Value Proposition Value Proposition Underpinned by Quality, Reliability, and... …Customer Satisfaction Product Efficient national distribution network with ability to cover any customer’s breadth of Aspen received feedback from 42 vendors as part Offering operations of
Slide 7: Aspen Manufacturing Core Capabilities
Aspen Manufacturing Core Capabilities Continuous Investment Product Capabilities Manufacturing Expertise Customer Relationships Depth of Product Offering • Significant capital investment • Extensive product design • Manufacturing expertise to be • Long-term customer • Depth of SKU offering and for m
Slide 8: Aspen Manufacturing Operational Capabilities
Aspen Manufacturing Operational Capabilities Producing Industry- Batch Manufacturing Heat Exchange Expertise Leading, Quality Products Design philosophy rooted in creating long-lasting Expertise in balancing large SKU complexity with Collective 200+ years of experience in producing products Ma
Slide 9: CSW Industrials + Aspen Manufacturing: A Strong, Strategic Fit
CSW Industrials + Aspen Manufacturing: A Strong, Strategic Fit
Slide 10: CSWI's Acquisition Track Record
CSWI’s Acquisition Track Record We have a successful record of making attractive and synergistic acquisitions that support expansion of our broad portfolio of solutions. Acquisition Metrics Key Highlights • Identify and execute accretive acquisitions that will broaden and complement our portfolio of
Slide 11: CSWI's Approach to Shareholder Value Creation
CSWI’s Approach to Shareholder Value Creation Ability to build on our track record of growth and enhancing long-term shareholder value. Opportunity to Leverage Our HVAC/R Market Investing in Accordance with Our Stated Capital Leadership Position and Distribution Channels Allocation Strategy • Levera
Slide 12: CSWI Acquisition Screen: Aspen Manufacturing
CSWI Acquisition Screen: Aspen Manufacturing CSW Industrials Stated Acquisition Target Criteria: Long-term growth in excess of GDP Strong margin contribution in-line with existing operations, with the opportunity for margin improvement as a part of CSWI Leverages our strategy and channels to m
Slide 13: CSWI's Go-Forward Segments
CSWI’s Go-Forward Segments CSWI TTM Revenue1 ~$859MM CSWI TTM + Aspen Revenue1,2 ~$973MM Rail 2% Rail 2% Mining 3% Mining 3% Energy 6% Energy 5% Reporting Segments Reporting Segments General Industrial 6% General Industrial 7% Engineered Building Solutions Engineered Building Solutions Plumbing 7% 1
Slide 14: Appendix
Appendix
Slide 15: CSWI Executive Team
CSWI Executive Team Veteran leadership with broad industry experience, dedicated to enhancing shareholder value. Joseph B. Armes James E. Perry Donal J. Sullivan Luke E. Alverson Danielle R. Garde Jeff A. Underwood Chairman, CEO Executive VP and Executive VP and Senior VP, General Counsel Senior VP
Slide 16: Slide 16