Columbus Mckinnon Corporation · NASDAQ:CMCO
Columbus Mckinnon — Merger or Acquisition (November 2021)
10 slides from Columbus Mckinnon's merger presentation, Nov 4, 2021
Slide 1: Columbus McKinnon to Acquire Garvey Corporation
Columbus McKinnon to Acquire Garvey Corporation November 4, 2021 1
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement These slides, and the accompanying oral discussion (together, this “presentation”), contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future s
Slide 3: Executing our Blueprint for Growth 2.0
Executing our Blueprint for Growth 2.0 3 Transforming Columbus McKinnon into a high value, intelligent motion enterprise
Slide 4: Acquiring Garvey Corporation
4 Acquiring Garvey Corporation Leader in accumulation technology complements Dorner’s conveying solutions Leading automation solutions company concentrated in F&B and pharma Provides unique, patented technologies in the design, application, manufacturing and integration of accumulation systems Indus
Slide 5: Excellent Strategic Fit for CMCO's Conveying Solutions
Excellent Strategic Fit for CMCO’s Conveying Solutions Significant cross-sell opportunities to further expand into new markets Accumulation technologies highly complementary to Dorner’s conveying technologies Various Technologies within $500M Accumulation Market Products Garvey can accumulate:
Slide 6: Strong Brand in the Accumulation Space over 40+ Years
Strong Brand in the Accumulation Space over 40+ Years Accumulation equipment increases uptime and overall efficiencies of continuous flow systems 6 An accumulator is a module added to a continuous flow production line to increase efficiency and productivity by: • Balancing flow between machines when
Slide 7: Leader in Attractive Vertical Markets
7 Food & Beverage (~52% of FY20 Sales) Life Sciences/Pharma (~35% of FY20 Sales) Consumer Packaging (~7% of FY20 Sales) Leader in Attractive Vertical Markets Creates greater breadth and depth in attractive growth markets with strong secular tailwinds Quality product with high reliability provides le
Slide 8: Expands Conveying Solutions Platform
Accumulation technologies complementary to Dorner’s conveying technologies, provides scalable and integrated product offering opportunities across similar markets and customers Life Sciences and Food & Beverage markets served by Garvey have strong secular tailwinds driven by supply chain automation
Slide 9: Transaction Overview
Transaction Overview 9 Purchase Price $74 million Transaction Costs Approximately $1.2 million GAAP EPS Accretion $0.05 per diluted share in fiscal 2023 Financing $75 million utilizing the accordion option under existing Term Loan B Net Leverage 2.8x proforma adjusted EBITDA expected at closing Tran
Slide 10: Columbus McKinnon to Acquire Garvey Corp.
Columbus McKinnon to Acquire Garvey Corp. November 4, 2021 10
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