Ariston Holding Nv · MIL:ARIS
Ariston Holding Nv — Merger or Acquisition (September 2022)
9 slides from Ariston Holding Nv's merger presentation, Sep 16, 2022
Slide 1: CENTROTEC Climate Systems GmbH Analyst Presentation
CENTROTEC CLIMATE SYSTEMS GMBH Analyst Presentation September 16th, 2022
Slide 2: Transaction Highlights
TRANSACTION HIGHLIGHTS • Ariston Holding N.V. has signed a binding agreement with CENTROTEC SE for the acquisition of CENTROTEC DEAL Climate Systems group of companies (brands Wolf, Brink, Ned Air, Proklima) STRUCTURE & CONSIDERATION • Parent company CENTROTEC SE will transfer 100% of CENTROTEC Clim
Slide 3: Strategic Rationale: Consolidating sustainable comfort leadership
STRATEGIC RATIONALE • HEAT PUMPS: enlarging product portfolio with new- generation HP and gaining further market position • VENTILATION: integrating leading heat-recovery technology in sustainable climate systems Consolidating • AIR HANDLING: completing mid- and large-size commercial offer sustainab
Slide 4: CENTROTEC Climate Systems Group – Revenue Split
CENTROTEC CLIMATE SYSTEMS GROUP – REVENUE SPLIT H E AT I N G V E N T I L AT I O N 55% 11% •Distinctive range of Heat Pumps •Leading residential ventilation offer •Pioneer in propane (R290) €599 M •Commercial Air Handling Units •Full range of boilers REVENUES FY 2021 •Power systems (CHP) and others 6
Slide 5: CENTROTEC Climate Systems Group – Sales & Production Footprint
CENTROTEC CLIMATE SYSTEMS GROUP – SALES & PRODUCTION FOOTPRINT Mainburg, Germany SHANGHAI BITOLA (MK) CHINA WOLF WOLF AIR HANDLING Staphorst, the Netherlands Samobor, Croatia 5
Slide 6: Key Figures
KEY FIGURES FY2021 Revenues €1,987M €599M KEY COMMENTS Mid-term top-line • H1 ‘22 double-digit top line Mid-single-digit High-single-digit growth for both groups organic growth • Medium-term top-line growth EBITDA Adj. €277M €85M of acquired perimeter higher EBIT Adj. €203M €61M than Ariston Group d
Slide 7: Multiple Sources of Synergies
MULTIPLE SOURCES OF SYNERGIES • Cross-commercial synergies in With synergies: Top-line renewable heating across markets • Ventilation potential Multiple <10x (Acquisition EV / pro-forma 2021 EBITDA) • Sourcing & Supply chain Operations • Logistics & Manufacturing Expected synergies High-teens € 20-2
Slide 8: Final Remarks
FINAL REMARKS • In line with IPO goal CONSISTENCY • Stronger player in industry consolidation • Heat pumps and Ventilation SCOPE • Germany & the Netherlands • Synergies • Culture and Values PEOPLE • Talents and expertise 8
Slide 9: Q&A
a} ARISTON WHLF BRINK OO edaic @ PROKLIMA GROUP Q&A
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