Kadant Inc · NYSE:KAI
Kadant — Merger or Acquisition (June 2024)
11 slides from Kadant's merger presentation, Jun 3, 2024
Slide 1: Acquisition of Dynamic Sealing Technologies LLC
Acquisition of Dynamic Sealing Technologies LLC Kadant Inc. (NYSE: KAI) June 4, 2024 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2ACQUISITION UPDATE – JUNE 2024 | © 2024 KADANT INC. The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This presentation and the accompanying remarks contain forward-looking statements that involve a number of r
Slide 3: Technology driving a sustainable future
Technology driving a sustainable future 3
Slide 4: DSTI Acquisition Overview
DSTI Acquisition Overview • Manufacturer of fluid rotary unions and related flow control products used in highly engineered, critical applications • Based in Andover, Minnesota with approximately 90 employees • Specialized manufacturing facilities in Minnesota and New York • Well-established in the
Slide 5: Primary Product Offerings
Primary Product Offerings 5 STANDARD ROTARY UNIONS CUSTOM ROTARY UNIONS ELECTRICAL SLIP RINGS ACQUISITION UPDATE – JUNE 2024 | © 2024 KADANT INC.
Slide 6: Key Industries Served
Key Industries Served 6ACQUISITION UPDATE – JUNE 2024 | © 2024 KADANT INC. Semiconductor EnergyMedical Defense Food & Beverage MetalsMachine ToolHeavy Equipment Aerospace Marine Factory Automation Plastic Molding
Slide 7: Acquisition Rationale
Acquisition Rationale ✓ Solid financial metrics and seasoned management team ✓ Exceptionally well-run and professional organization ✓ Strong knowledge base in flow control sealing technology ✓ Highly complementary product offering ✓ Well-positioned in fast-growing medical, construction, food & bever
Slide 8: Integration
Integration • DSTI will be included in our Flow Control reporting segment • Manufacturing operations will continue in their current locations as part of our decentralized operating structure • Significant opportunities for collaboration across our Flow Control businesses in the Americas, Europe, and
Slide 9: Financial Details
Financial Details 9ACQUISITION UPDATE – JUNE 2024 | © 2024 KADANT INC. • $55 million purchase price* • Revenue for the trailing twelve months ended March 31, 2024 was $25 million • Favorable tax attributes • Borrowed $55 million • Borrowing rate estimated at approximately 6.7% * Subject to customary
Slide 10: Question & Answer
Question & Answer To participate in the live Q&A session, please go to investor.kadant.com and click on the Q&A session link to receive a dial-in number and unique PIN. Please mute the audio on your computer. 10
Slide 11: Investor Relations Contact
INVESTOR RELATIONS CONTACT Michael McKenney, 978-776-2000 IR@kadant.com MEDIA RELATIONS CONTACT Wes Martz, 269-278-1715 media@kadant.com