Stanley Black & Decker, Inc. · NYSE:SWK
Stanley Black & Decker — Investor Presentation (November 2021)
79 slides from Stanley Black & Decker's investor presentation, Nov 16, 2021
Slide 1: Investor Presentation
INVESTOR PRESENTATION Version 11.16.2021
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains “forward-looking statements,” that is, statements that address future, not past events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words s
Slide 3: Contents
Contents Contacts Dennis Lange SWK Overview Pages 4 – 28 Vice President, Investor Relations 860-827-3833 2021 Outlook Pages 29 – 32 dennis.lange@sbdinc.com Tools & Storage Pages 33 – 47 Cort Kaufman Director, Investor Relations 860-515-2741 Industrial Pages 48 – 56 cort.kaufman@sbdinc.com Security P
Slide 4: A Global Leader With World Class Franchises
A Global Leader With World Class Franchises STANLEY BLACK & DECKER (NYSE: SWK) 2020 Revenue: $14.5B Market Cap: $32B Cash Dividend Yield: 1.6% Dividend Paid Consecutively For 145 Years; Increased For Past 54 Consecutive Years Industrial $2.3B • STANLEY Engineered Fastening • Infrastructure Industria
Slide 5: Expanding Geographic Reach
Expanding Geographic Reach Stanley Black & Decker Segments Tools & Storage Industrial Security 9% 2% 5% 11% 9% 12% 12% 16% 19% 16% 40% 18% 53% 54% 61% 63% U.S. Europe Emerging Markets ROW Diversified Globally With Approximately 60% Of Our Revenues Generated In The U.S. INVESTOR PRESENTATION 5
Slide 6: Strategic & Financial Objectives
Strategic & Financial Objectives Strategic Framework Our Long-Term Financial Goals Continue Organic Growth Momentum Revenue • ~4-6% Organic • Utilize SBD Operating Model As A Catalyst Growth • ~10-12% Total • Mix Into Higher Growth, Higher Margin Businesses • Increase SBD Weighting Of Emerging Marke
Slide 7: Global Franchises – Long Term Value Drivers
Global Franchises – Long Term Value Drivers A Company That Has Built Well Established, Global Franchises… Business Value Drivers • Brands • Innovation In Tools & • Global Scale The Tool Company #1 Storage » Power & Hand Tools To Own » Construction, DIY, Auto Repair & Industrial » Developed & Develop
Slide 8: Stanley Black & Decker Value Creation Model
Stanley Black & Decker Value Creation Model Strong, Innovation-Driven Businesses World Class Brands In Diverse, Global Markets Attractive Growth Platforms Powered By: Scalable, Defensible Franchises Long Term Financial Objectives • 4-6% Organic Growth • 10-12% Total Revenue Growth Differentiable Thr
Slide 9: Substantial Long Term Value Creation
Substantial Long Term Value Creation A Track Record Of Long-Term Value Creation 1008% Peer Group* 771% Average 384% S&P 500 Data From: Dec 2000 – Nov 2021 Note: Data As Of 11/12/2021; Median Excludes Stanley Black & Decker And S&P 500 TSR Defined As : Total Share Price Appreciation / (Depreciation)
Slide 10: Our Evolving Operating Model
Our Evolving Operating Model INVESTOR PRESENTATION 10
Slide 11: Acquisitive Growth
Acquisitive Growth Active Pipeline For Potential Acquisition Targets… Acquisition Criteria Acquisitive Growth Areas • Strategic Fit Tool Industry Consolidation • Organizational Capacity • Financial Evaluation Industrial Segment Expansion » Organic Growth & Profitability Consistent With Company Targe
Slide 12: Global Brand Power
Global Brand Power A Powerful Portfolio Of Well Managed Brands INVESTOR PRESENTATION 12
Slide 13: Global Brand Support
Global Brand Support 626 Million 45 Million 1 Million + 24 Billion Global Fan/Followers Reach Website Visits Brand Mentions/Month Global Media Impressions STANLEY, CRAFTSMAN, B+D, DEWALT And IRWIN Measured In Major Countries For Target Users INVESTOR PRESENTATION 13
Slide 14: Our Approach To ESG
Our Approach To ESG G ro unded By S takeho lder Capitalis m Ro o ted In Ou r Pu rpo se - Fo r Th o se Wh o Make Th e Wo rld™ ALIGNED TO WORLD ECONOMIC FORUM FRAMEWORK ENVIRONMENTAL SOCIAL GOVERNANCE Planet People Prosperity Governance Protecting The Planet Furthering Fostering Purpose & Progress Pro
Slide 15: Leading The Charge
Leading The Charge ESG FOCUS AREAS Climate Change DEI & Talent Development Governance Go Beyond Carbon Neutral By 2030 Racial Equity 10 Point Plan Diverse & Inclusive Board Zero Waste to Landfill Gender Parity Shareholder Rights Sustainable Water Use Skillset Development Risk Management & Oversight
Slide 16: ESG: Measuring Our Progress
ESG: Measuring Our Progress Sustainability Performance Global 2030 CSR Strategy Exceeded All Five-Year Sustainability Goals Set In 2015 Link: 2020 Online ESG Report Elevating & Executing On Our Commitment To Corporate Social Responsibility INVESTOR PRESENTATION 16
Slide 17: Corporate Governance
Corporate Governance Board Composition And Governance Features Board Refreshment And Tenure ✓ Independent Chairman Average Tenure Of 6.8 Years ✓ 5 New Non-Management Directors In The Last 5 Years ✓ Balance Of Institutional Knowledge And Fresh Perspective 4 <= 3 years ✓ Key Governance Features: 2 4 -
Slide 18: Historical Performance
Historical Performance Created World Class Global Franchises… Revenue ($B) Adjusted EPS* Free Cash Flow ($M)** 2020 FCF Conversion Of 5% 9% 111% ~136% $1,674 2020 Five-Year CAGR 2020 Five-Year CAGR 2020 Five-Year Avg. Conversion%*** $9.04 $14.4 $14.5 $8.40 $14.0 $8.15 $7.46 $1,138 $13.0 $6.53 $1,081
Slide 19: Long Track Record Of Improvement (Return On Operating Assets)
Long Track Record Of Improvement (Return On Operating Assets) SBD Operating Model Drives Organic Growth, Margin Improvement, Asset Efficiency And Resiliency… Tariffs & Trade Brexit COVID-19 Referendum Pandemic Eurozone 24.2% 24.7% Debt Crisis 23.7% Ex. Excess Bursting Of The Dot.com Housing Crisis &
Slide 20: Remain A Top Performer (Return On Operating Assets)
Remain A Top Performer (Return On Operating Assets) Top Quartile Performance Against Industrial Peers… 26% 24% Top Tier Asset Efficiency 22% 21% 21% 20% 20% • High Working Capital Turns 18% 17% 17% 17% 16% • Disciplined Capital Expenditures 14% 14% 13% • Efficient Management Of Cash Balances Runway
Slide 21: Cash Flow Return On Investment (CFROI)
Cash Flow Return On Investment (CFROI) Maintained Target Levels While Resuming Acquisitions… CFROI SWK CFROI Trend Target Range 12-15% Definition: 16% 16% (Cash From Operations + After Tax Interest Expense) 14% 14% 2 Point Average Capital (Debt + Equity) 12% • Cash Based Measure Of Value Creation •
Slide 22: Balance Sheet & Long-Term Capital Allocation Strategy
Balance Sheet & Long-Term Capital Allocation Strategy Maintain A Hybrid Model: A Company Focused On Growth… Balance Sheet - 2020 Actual 2018 Actual Capital Allocation Strategy Free Cash Flow ($M) $1,674 • Continue To Invest In Our Core Franchises | Capital Expenditures ~3.0-3.5% Of Net Sales Book De
Slide 23: Looking Ahead
Looking Ahead Well Positioned With Significant Growth Catalysts SECULAR eCommerce Reconnection With Electrification Health & Safety The Home & Garden DRIVERS GROWTH ACCELERATOR A POWERFUL TOOLS & STORAGE GROWTH FORMULA: Global eComm C ATA LY S T S COMMERCIALIZATION INNOVATION BRAND BRAND Across 4 Ma
Slide 24: Electrification: We Have A Significant Growth & ESG Opportunity
Electrification: We Have A Significant Growth & ESG Opportunity Electrification Supports Carbon Reduction And Is A Multibillion Dollar Growth Opportunity ELECTRIC VEHICLES OUTDOOR PRODUCTS Electrification Drives 3x To 6x Higher Content $ Potential SBD + MTD = Best Position In The World To Achieve Pe
Slide 25: MTD Opportunity ~$2.6B
MTD Opportunity 2020 MTD Financials – Top & Bottomline On Leveraging Our Brands & Partnership In 2021 With A Host Of New Products Track With Expectations ~$2.6B ~6% Revenue Operating Margin Unique Deal Structure Increases Presence In $25B+ Outdoor Power Equipment Industry Outdoor Power Deal Structur
Slide 26: SBD And MTD Partnership - Highly Complementary Capabilities
SBD And MTD Partnership - Highly Complementary Capabilities Two Industry Leading Companies... Dealer Channel (Professional Global Sales Distribution) Manufacturing (Worldwide Expertise Electrification Distribution) (Local Footprint) (Batteries, Motors & Modules) Engineering Expertise (Grass Cutting
Slide 27: OPG And MTD Growth Journey Over Next 36 Months
OPG And MTD Growth Journey Over Next 36 Months Clear Strategies To Drive OPG + MTD Organic Growth And Share Gain… Lead Large Format Customer Independent Parts & Gas & Electric Partnerships Dealer Channel Accessories A Complete Gas Lineup To Meet Global Retail & Expand Into Higher-End Lawn & Further
Slide 28: Why Invest In Stanley Black & Decker?
Why Invest In Stanley Black & Decker? POWERED BY PURPOSE B U I LT TO L A S T World Class Businesses With A Track Record Of Performance Defined Path For Growth & Margin Expansion Reconnection With Security eCommerce Electrification The Home & Garden Health & Safety A POWERFUL TOOLS & STORAGE GROWTH F
Slide 29: 2021 Outlook
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Slide 30: 2021 Guidance
2021 Guidance Expect 16%-17% Organic Growth And EPS Of $10.70-$10.90*, Up 18%-21% Versus Prior Year... 2021 Updated Outlook Initial View On 2022 Tools & Storage Industrial Security Organic Organic: Low 20’s Organic: Low Single Digit Organic: High Single Digits Targeting $1 EPS Accretion In 2022** Gr
Slide 31: Cost & Actions Update
Cost & Actions Update Taking Actions To Set The Business Up For Positive Net Carryover In 2022… Supply Chain Environment Remains Dynamic… …Necessitating Incremental Pricing & Productivity Actions Commodity Cost-To-Serve • Productivity Actions ~$230M ~$690M ~$600-$650M $130M $290M • 3Q Price Increase
Slide 32: Currency Impact
Currency Impact Currency Tailwinds Due To Weaker USD… Currency Trends Vs. USD (12/31/19 – 10/01/2021) Hedging Approach 20% ‒ Hedge Key Currency Exposures 15% (CAD, EUR, GBP, & AUD, Among 10% Others) 5% ‒ Intent Is To Dampen Volatility 0% And Allow Time For Business Teams To Mitigate Fluctuations -5%
Slide 33: Tools & Storage
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Slide 34: Tools & Storage
Tools & Storage 2020 Revenues: $10.3B Power Tools | $6.1B Hand Tools Accessories & Storage | $3.6B Outdoor Equipment | $0.6B Revenue By Region 2020 Results Revenue Profitability Working Capital Turns 9% 12% $10.3B 18.3% Profit Rate* 11.5T 16% 4% Organic Growth +260 Bps VPY 63% 5 Year Scorecard New P
Slide 35: The World's Leading Tool Company
The World’s Leading Tool Company A POWERFUL TOOLS & STORAGE GROWTH FORMULA: COMMERCIALIZATION INNOVATION BRAND Across 4 Major POWER TOOLS // HAND TOOLS // ACCESSORIES // STORAGE Product Categories CONSUMER / DIY AUTO REPAIR And 4 Major Customer Segments CONSTRUCTION INDUSTRIAL INVESTOR INVESTORPRESE
Slide 36: Accelerating Core Growth With Strategic Investments
Accelerating Core Growth With Strategic Investments eCommerce Core Programs Innovation Total Trade Solutions Growth Initiatives PTG Global Expansion COMMERCIAL INDUSTRIAL CONSTRUCTION IRWIN | LENOX | 2-Step Investing New Business World Class EMERGING (RENEWABLE) Black + Decker +$75M Models Content D
Slide 37: 2020 Market Position
2020 Market Position* Global Market Share Leader For 11 Straight Years And Running GTS Global Served Market Size ~$67B GTS Global Served Market Share 15% 10% 5% 0% TTI Bosch Makita Snap On Hikoki Hilti Private ITW Label 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 *Other Brands Not Display
Slide 38: Mission: Driving Organic Growth
Mission: Driving Organic Growth To Be The WORLDWIDE LEADER (#1 Or #2 Position) In Defined Market Categories In Which Our Products Compete Through: Supply Chain World-Class Innovation Globalization Brand Building Excellence Organization From $600M Hand Tool Company To $10B Diversified Tool Industry L
Slide 39: Vision
Vision Key Pillars: CUSTOMER EXTREME NEW GLOBAL OBSESSION INNOVATION GROWTH Enabled By: PEOPLE TECHNOLOGY Diversity, Equity Digital & & Inclusion Data Solutions Diversity, Equity INVESTOR PRESENTATION 39 & Inclusion
Slide 40: Brand Positioning
Brand Positioning HPP MPP OPP Consumer Tradesman Professional Automotive / Industrial INVESTOR PRESENTATION 40
Slide 41: Diversified Innovation Fueled By Customer Insights
Diversified Innovation Fueled By Customer Insights Application-Based Innovation Lifestyle Products & Solutions “I need to work in “I need more tight spaces for solutions to fit long periods of my lifestyle.” time.” Cordless & High-Powered Solutions 40+ Innovation Technology & Digital Solutions “I ne
Slide 42: Investments In Technology
Investments In Technology Electrical Charging Digital Motors & Electronics Faster Speed Asset Tracking Battery Cells Multiple Batteries Most Comprehensive Loss Most Power Dense Cordless Broadest Range Of Charging Prevention Solutions Solutions In The Industry Solutions In The Industry In The Industr
Slide 43: Applying Technology Across Our Cordless Platform
Applying Technology Across Our Cordless Platform Smaller Smarter Stronger Body Grip Tools 20V Core Tools 20V Expansion Tools High Power Tools POWER INVESTOR PRESENTATION 43
Slide 44: DEWALT Wave Of Innovation
DEWALT Wave Of Innovation 2011 125+ New Products Power Of Cordless Freedom With The Largest PRO Tool Brand In The World INVESTOR PRESENTATION 44
Slide 45: Cordless System
Cordless System 30 85 Coming Tools Tools Soon Fastest Growing Brand In The Industry… $1B+ In Power Tools INVESTOR PRESENTATION 45
Slide 46: Hand Tools, Accessories & Storage Opportunities
Hand Tools, Accessories & Storage Opportunities $4B Global Business… #1/#2 In $25B Addressable Market 22+ Categories THREE KEY AREAS OF FOCUS TO SERVE EVERY END USER, JOB SITE & AUTO SHOP IN THE WORLD: Elite Construction Cutting Own The Toolbox Mechanics Tools Of The Future State Of The Art Material
Slide 47: eCommerce Hypergrowth Is A Key Strategy
eCommerce Hypergrowth Is A Key Strategy People E-Captain Capabilities ACCELERATION .Com Acceleration Advanced Analytics Premium B2B Advanced Fulfilment & +400 Content CORE Platform Analytics Customer Service New Talent Partner Of First Call Superior Insights Global Marketplaces Direct To Consumer Pr
Slide 48: Industrial
INDUSTRIAL Engineered Fastening Infrastructure
Slide 49: Stanley Industrial Overview
Stanley Industrial Overview $2.3 BILLION - DIVERSIFIED INDUSTRIAL SEGMENT • Highly Engineered B2B Businesses • Ability To Differentiate Through Innovation • Underpinned By Trusted Brands • Leveraging Functional Expertise • Deep Domain Knowledge & Customer Intimacy • Best Practice Sharing & Professio
Slide 50: Industrial Portfolio Transformation
Industrial Portfolio Transformation 2017 Revenue - ~$2.0B 2020 Pro Forma Revenue* - ~$2.4B 14% 12% 7% 10% 34% 52% 17% 27% 27% Automotive General Industrial Attachment Tools Oil & Gas Aerospace & Defense Diversifying Industrial End Market Exposure Through Acquisitive Growth *2020 Actual Revenue Plus
Slide 51: Engineered Fastening Business Overview
Engineered Fastening Business Overview 2020 Revenue*: ~$1.8B Global Fastener Market - $85B Geographic* End Market* 7% Automotive 19% Asia Americas Industrial 24% 27% 37% 47% 10% 20% ~$29B 51% 20% Value Add Market Segments 22% 16% General Industry Electronics Europe Automotive Construction Aerospace
Slide 52: Engineered Fastening Advantage
Engineered Fastening Advantage To Be The Worldwide Leader In Highly Engineered Products Vision With Opportunities To Grow Organically & Through Acquisitions Engineering Capabilities Leading Industry Technologies Inorganic Growth Strategy Enhance The Core New Fastening Markets & Technologies Build Re
Slide 53: Customized Value Proposition
Customized Value Proposition Global Leader In Technology-Based Fasteners + Systems With Data & Analytics Capabilities… Product Design Fastener Design IoT Enabled Common Systems Platform Analytics Insights Helping Our Customers Achieve: Cost Efficiencies ● Improved Quality ● Lower Warranty Cost Reduc
Slide 54: Addressable Market Increases Significantly For EV vs ICE
Addressable Market Increases Significantly For EV vs ICE Internal Combustion (ICE) Vehicle - Average Content Fully Electric & Hybrid Electric Vehicle - Projected Content Common Applications To ICE & EV $9.5/car Chassis / BIW Interior Trim Exterior Trim Low Voltage Wiring Auto Electronics $15/car $30
Slide 55: Electrification Opportunities In STANLEY Industrial
Electrification Opportunities In STANLEY Industrial SEGMENTS FOCUS AREAS WHY WE WIN ELECTRIC BUS & TRUCK • Extensive Customer Relationships Chassis Applications • Auto–Industrial Platform $400M 12% EV Tier Suppliers ‘20 Market CAGR • Local Manufacturing Footprint ELECTRIC TWO WHEELER • Supplier: 20+
Slide 56: Infrastructure
Infrastructure 2020 Revenues: $635M Oil & Gas Attachment Tools $225M $410M • A Niche Market Leader In Oil & Gas Infrastructure & Integrity • Provider Of Tools For Applications That Build And Maintain The Services World’s Infrastructure • A Global Service Company Combining Equipment, Technology, • Le
Slide 57: Security
SECURITY
Slide 58: Stanley Security ~$1.9B
Stanley Security 2020 Financials Vision Building A Safer, Healthier, & More Efficient World ~$1.9B ~10% Adjusted Business Units Revenue COMMERCIAL ELECTRONIC SECURITY (2020 Revenue ~$1.4B) Operating Margin* Deliver Consistent, Profitable Growth Through Innovation, Advanced Analytics & Cost To Serve
Slide 59: Healthcare & Access Technologies Growth
Healthcare & Access Technologies Growth Stanley Healthcare Stanley Access Technologies Hospital Senior Living Health@Home #1 In North America Automatic Doors • Fragmented NA Healthcare Space ~$8B • #1 In NA Automated Door Market (~$1B) • New Management & Commercial Team With Significant • Commercial
Slide 60: Electronic Security Overview
Electronic Security Overview Market Landscape Key Value Drivers • $25B Global Commercial Electronic Security Services • Technology Which Delivers Innovative Data Solutions & Market & Growing 3-5% Annually New Recurring Revenue Offerings • Highly Fragmented W/ Top 15 < 20% Share • Simple, Standard &
Slide 61: Disruptive Innovation: Health, Safety & Security
Disruptive Innovation: Health, Safety & Security Back To Cloud Hosted Touchless Contact Tracing | Asset Work Video Doors Management Buildings Workflow Leveraging Video As Seamless User Building Confidence In Management Platforms The Verifier Experience Safety For Everyone In Today’s Environment, Hos
Slide 62: Financial Resiliency As A Health, Safety & Security Company
Financial Resiliency As A Health, Safety & Security Company Capitalizing On Market Shifts Organic Growth & Operating Margin* Uniquely Suited To Meet Customer Demand For Cloud Based Health, Safety & Security Solutions And Advanced Analytics 15%+ Extreme Innovation ~10% Leveraging Existing Footprint &
Slide 63: SBD Operating Model
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Slide 64: Operational Excellence: SFS & Customer-Focused Service
Operational Excellence: SFS & Customer-Focused Service SFS Delivers Breakthrough Value To The Customer As Well As High Asset Efficiency… 2020 FCF Conversion Operational Excellence ~136% 135% 129% Customer-Driven Service Metrics Agile Supply Chain SWK Industrial Peers Security Peers 2020 WCT Lean/Ind
Slide 65: Technology Solutions
Technology Solutions AI & Machine Learning Robotics • Yield Optimization • Eliminate Repetitive Tasks • Predictive Algorithms • Real Time Fault Detection & • Pro-active Maintenance Work Resolution Connected Factory Digital Apps Digital Twins • Guided Digital Work • Remote Problem Solving Expertise F
Slide 66: Stanley Production System
Stanley Production System Our Industry 4.0 Journey Has Accelerated Due To Our COE & Data Capabilities… Connecting Our Factories… One Standard… Transformed With Automation… Traditional Apps & Data Sources Proprietary Performance Apps AI-Based System Driving Real- Time Value Realization …To Capture Th
Slide 67: Strong Track Record Of Proven Results
Strong Track Record Of Proven Results Working Capital Turns 10.6 10.4 Sustain 10+ 10.6 9.8 Long-Term 9.2 9.2 9.1 8.6 8.8 7.9 7.8 8.1 7.3 5.9 5.9 5.3 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 WCT for years prior to 2017 are shown as previously reported which excludes the i
Slide 68: Margin Resiliency Value Pools
Margin Resiliency Value Pools Our Capabilities Have Been Firmly Established In These 4 Focus Areas… Price & Margin Next Generation Supply Chain & Indirect Cost & Functional Excellence Procurement Industry 4.0 Excellence Center Of Excellence To Deliver Integrated Data Structure, AI & Accelerating Mak
Slide 69: Lifelong Learning
Lifelong Learning Individual Enterprise Essentials New skills Culture of lifelong 15% of jobs will be new, learning e.g. UX designer Up-skilling Spirit of 55% of jobs will involve experimentation new content, e.g. and innovation Marketing Building new Re-skilling organizational 30% of today's jobs w
Slide 70: Extreme Innovation: Our Ecosystem
Extreme Innovation: Our Ecosystem 3X Market Cap Growth 2.6X Revenue Growth Innovation Ecosystem Expanding At An 1 Of Only 2 Companies That Qualified As High- Impressive Rate leverage Innovators Over 15 Years INVESTOR PRESENTATION 70
Slide 71: Extraordinary Customer Experience
Extraordinary Customer Experience Rapid Changes In Technology & Information Are Changing How We Engage With Our Customers… Commercial Personalized Distinctive Products & World Class Excellence Execution Brands Solutions Service …Embedding Creative & Deliberate Best In Class Customer Experiences To D
Slide 72: Appendix
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Slide 73: Non-GAAP & Other Financial Measures
Non-GAAP & Other Financial Measures This presentation also contains non-GAAP and other financial measures, including organic sales growth, operating profit, free cash flow, working capital turns and cash flow return on investment (“CFROI”). Organic sales growth is defined as the difference between t
Slide 74: Reconciliation Of FCF & EBITDA
Reconciliation Of FCF & EBITDA Free Cash Flow EBITDA 2020 2019 2018 2017* 2016* (MILLIONS OF DOLLARS) 2020 2019 Net earnings before equity interest $ 1,226 $ 969 Net Cash Provided By Operating Activities 2,022 1,506 1,261 1,419 1,485 Interest income (18) (54) Less: Capital And Interest expense 223 2
Slide 75: End Markets
End Markets Estimates Based On 2020 Revenues* End Market Security Industrial Tools & Storage SWK Existing Residential / Repair / DIY 1% 0% 37% 26% New Residential Construction 5% 0% 31% 22% Non-Resi. / Commercial Construction 9% 0% 17% 13% Industrial / Electronics 10% 27% 7% 11% Retail 24% 0% 2% 5%
Slide 76: Portfolio Transformation
Portfolio Transformation ~$11B Has Been Invested In Acquisitions Since 2005 To Advance Growth Opportunities Tools & Storage Security Purchase Purchase Year Company Year Company Price ($M) Price ($M) 2005 National $170 2007 HSM $545 2006 Facom $480 2008 Sonitrol $275 2011 / 2012 CribMaster / Lista N.
Slide 77: Material Spend
Material Spend Direct Material Spend Components Finished Goods 2020* ($M) Finished Goods $1,850 33% Components 2,400 43% Steel 500 9% Resin / Plastic Moldings 470 8% Packaging 240 4% Base Metals 140 3% $5,600 Top Three Raw Material Exposures (Finished Goods + Direct + Components) 1. Steel 2. Resin 3
Slide 78: Liquidity
Liquidity Near Term Liquidity Sources Combined Debt Outstanding ($M) December 2020 $750 $750 $750 $650 Cash Position* $1.4B Notes/Bonds* $500 $500 Revolving Credit Facilities $3.0B O/S $400 Total Near Term Liquidity $4.4B 5-Year Agreement – Sep 2023 $2.0B 2021 … 2026 … 2028 … 2030 … 2040 … 2048 … 20
Slide 79: Investor Presentation
INVESTOR PRESENTATION Version 11.16.2021
Stanley Black & Decker — Investor Presentation (November 2021) on 6ix