Lsi Industries Inc. · NASDAQ:LYTS
Lsi Industries — Merger or Acquisition (April 2024)
12 slides from Lsi Industries's merger presentation, Apr 18, 2024
Slide 1: LSI Industries Acquisition of EMI Industries
LSI Industries Acquisition of EMI Industries
Slide 2: Disclaimer
DISCLAIMER This presentation contains “forward-looking statements”—that is, statements related to future events within the meaning of the Private Securities Litigation Reform Act of 1995. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In t
Slide 3: Transaction Overview
TRANSACTION OVERVIEW Transaction Highlights Strategic Highlights LSI has acquired EMI Industries (“EMI”) for $50 million cash on The bolt-on acquisition of EMI is a “strategic sequel” April 18, 2024 to the platform acquisition of JSI store fixtures in 2021 Transaction funded through availability on
Slide 4: Leading Retail Display Solutions Company
LEADING RETAIL DISPLAY SOLUTIONS COMPANY EMI’s unique value proposition EMI operates five U.S. based facilities that house design, EMI provides vertically merges product design, engineering and manufacturing activities integrated design, engineering and manufacturing capabilities with installation a
Slide 5: Highly Complementary Solutions Offering
HIGHLY COMPLEMENTARY SOLUTIONS OFFERING Product Offering C-Store Grocery Restaurants Solutions Offering Concept Phase Design & Engineering Millwork Products Metal Products Refrigeration EMI produces custom millwork with EMI designs and engineers metal-based EMI is experienced in both custom and Cust
Slide 6: Expanding Solution Set Within Target Verticals
EXPANDING SOULTION SET WITHIN TARGET VERTICALS Through Acquisition, LSI Continues to Enhance the Value Proposition to the Customer Grocery Case Study C-Store Case Study LSI LSI has strong presence has a strong presence within the store in the exterior interior, led by grocery refueling station and d
Slide 7: Trusted Partner to National Retail Brands
TRUSTED PARTNER TO NATIONAL RETAIL BRANDS Complementary customer base provides significant commercial cross-selling synergy opportunity Select key customers Leverage capabilities as a single-source provider of comprehensive products and services ©2024 LSI INDUSTRIES LSI Industries Acquisition of EMI
Slide 8: Significant Multi-Year Synergy Potential
SIGNIFICANT MULTI-YEAR SYNERGY POTENTIAL We anticipate $2 million of annual EBITDA synergy improvement in the first 24 months, increasing to $6 million within the first five years Revenue Synergies Cost Synergies Cross-Selling Pricing Procurement Manufacturing SG&A Opportunity Given minimal overlap
Slide 9: Significant Multi-Year Synergy Potential
SIGNIFICANT MULTI-YEAR SYNERGY POTENTIAL Facilities 11 5 16 Employees 1525 320 1845 Annual Revenue(1) $473.6 million $87.0 million $560.6 million Annual Adj. EBITDA(1) $51.5 million $5.5 million $57.0 million TTM Adj. EBITDA Margin(1) 10.8% 6.3% 10.2% (1) Reflects LSI TTM performance through F2Q24 a
Slide 10: EMI Acquisition Rationale
EMI ACQUISITION RATIONALE EMI meets or exceeds EMI further establishes LSI as a market-leading EMI provides a one-stop, end-to-end integrated our acquisition criteria, business of scale within the retail display solution to its customers. Similar to LSI, EMI while advancing LSI’s solutions market. E
Slide 11: Executing on Our Fast Forward Strategy
EXECUTING ON OUR FAST FORWARD STRATEGY Revenue Growth ($M) Adjusted EBITDA ($M) / Margin (%) LSI’s Fast Forward Strategy seeks to deliver sustained $120 12.5% 14% commercial expansion, $100 10.4% 12% $100 operational excellence $80 10% 8% and disciplined capital $60 6% allocation, consistent with th
Slide 12: For Additional Questions, Please Contact
For Additional Questions, Please Contact 720.778.2415 Thank You, LSI Investor Relations