Millerknoll, Inc. · NASDAQ:MLKN
Millerknoll — Miller Herman — Merger or Acquisition (October 2019)
11 slides from Millerknoll's merger presentation, Oct 8, 2019
Slide 1: Transaction Highlights September 2019
Transaction Highlights SEPTEMBER 2019
Slide 2: 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
Slide 3: 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
Slide 4: 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...
Slide 5: Accessories
ACCESSORIES 5
Slide 6: Dining
DINING 6
Slide 7: Seating
SEATING 7
Slide 8: Lounge & Outdoor
LOUNGE & OUTDOOR 8
Slide 9: Office
OFFICE 9
Slide 10: 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
Slide 11: Slide 11