SEATING FINISHING ACOUSTICS COMPONENTS INVESTOR PRESENTATION //// NOVEMBER 2015
DISCLAIMER FORWARD LOOKING STATEMENTS This presentation includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United Stat es Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of hi storical matters. Such forward looking statements with respect to revenues, earnings, financial information, performance, strategies, prospects and other aspects of the businesses of Jason Industries, Inc. (the “Company”) are based on current expectations that are subject to risks and uncertainties. A number of f actors could cause actual results or outcomes to differ materially from those indicated by such forward looking statements. The forward ‐ looking statements contained in this presentation are based on assumptions that we have made in light of our industry experience and our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. The forward-looking statements are not guarantees of performance or results, as they involve risks, uncertainties (some of which are beyond our control) and assumptions. Although we believe that these forward ‐ looking statements are based on reasonable assumptions, many factors could affect our actual results and cause them to differ materially from those anticipated in the forward-looking statements. More information on potential factors that could affect the Company’s financial condition and operating results is included in “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10 -K filed on March 11, 2015, and in the Company’s other filings with the Securities and Exchange Commission. Any forward ‐ looking statement made by the Company in this presentation speaks only as of the date on which we make it. We undertake no obligation to publicly update any forward ‐ looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. NON-GAAP AND OTHER COMPANY INFORMATION Included in this presentation are certain non-GAAP financial measures designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America because management believes such measures are useful to investors. Because the Company’s calculations of these measures may differ from similar measures used by other companies, you should be careful when co mparing the Company’s non-GAAP financial measures to those of other companies. A reconciliation of non-GAAP financial measures to GAAP financial measures is included in an appendix to this presentation. JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 2
JASON BUSINESS OVERVIEW KEY COMPANY FACTS GEOGRAPHIC FOOTPRINT Employees ~4,000 Headquarters Milwaukee, WI 2014 Revenue $702.5 million 2014 Adjusted EBITDA $77.8 million Founded 1985 Listed on NASDAQ (JASN, JASNW) July 2014 Manufacturing 33 Sites in 12 Countries FINANCIAL PROFILE NET SALES ADJUSTED EBITDA ($ in Millions) ($ in Millions) $81 - $84 $800 $90 $79.8 $77.8 $80 $702 - $712 $70.5 $702.5 $680.8 $70 $700 $655.0 $58.0 $60 11.7% 11.7% 11.1% $600.6 $50 10.8% $600 9.7% $40 $30 $500 $20 $10 $400 $0 ʼ11 ʼ12 ʼ13 ʼ14 ʼ15E ʼ11 ʼ12 ʼ13 ʼ14 ʼ15E JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 3
JASON PORTFOLIO ADJUSTED NET SALES EBITDA % SEATING 24% 15% FINISHING 27% 14% 2014 JASON ACOUSTICS 31% 9% PORTFOLIO COMPONENTS 18% 14% NET SALES U.S. 72% EUROPE 19% 2014 GEOGRAPHIC MEXICO 7% BUSINESS MIX ROW 2% JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 4
JASON BUSINESS SYSTEM THE JASON BUSINESS SYSTEM (“JBS”) PROVIDES A DISCIPLINED PROCESS THROUGH WHICH JASON: • Identifies attractive opportunities for growth, investment and acquisitions • Focuses core competencies and manufacturing expertise to deploy best- DEVELOPMENT ACQUISITIONS GROWTH & ORGANIC in-class processes that leverage synergies across Jason while driving a TALENT SHAREHOLDER lean culture VALUE CREATION • Harnesses the voice of the customer to develop innovative new products and deliver solutions that drive organic growth • Drives execution to deliver on commitments and success • Invests in the development of talent from within to build a foundation for the future • Delivers shareholder value REVENUE GROWTH OPERATIONAL EXCELLENCE PEOPLE IDENTIFYING ATTRACTIVE PORTFOLIO MANAGEMENT ORGANIC GROWTH & DEPLOY BEST-IN-CLASS EXECUTION TALENT DEVELOPMENT INDUSTRY POSITIONS & PRIORITIZATION ACQUISITIONS BUSINESS PROCESSES • Multi-billion dollar markets • Allocation of capital and • Global sales organization • Sharing expertise across • Empowered employees • Attracting top talent resources to attractive businesses • Global opportunities • Innovative product • Meeting commitments • Investing in people to investments and shareholder • Enterprise-wide development achieve results • Fragmented end-markets • Pay for performance returns “Lean Culture” • Disciplined approach • Global deployment • Macro-economic trends • Optimization of the portfolio • Common processes to acquisitions to provide synergies and earnings growth JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 5 5
SEATING OVERVIEW SEATING’S LONG -STANDING OEM CUSTOMERS REPRESENT SOME OF THE WORLD’S BEST -KNOWN BRANDS, INCLUDING HARLEY-DAVIDSON MOTOR COMPANY, JOHN DEERE, MTD, POLARIS 2014 AND HUSQVARNA REVENUE BY GEOGRAPHY OVERVIEW • Milsco brand maintains the #1 position in the global static seating market • Primary product segments include heavyweight motorcycles, turf care, heavy U.S. 95% industry and powersports EUROPE 5% • Positioned for future growth opportunities in global heavy construction and agriculture markets United States 95% 2014 31% REVENUE BY ADDRESSABLE MARKET (1) FINANCIAL PROFILE END PRODUCT $1.5 BILLION $200 WORLDWIDE $165 $163 $165 $172 $150 TURF EQUIPMENT 37% 15% 15% 15% MOTORCYCLE OEM 19% 14% $100 MOTORCYCLE AFTERMARKET 10% $50 CONSTRUCTION & AGRICULTURE 17% MATERIAL HANDLING 11% $0 ʼ11 ʼ12 ʼ13 ʼ14 UTILITY VEHICLES 4% MARINE 2% Adjusted EBITDA % Revenue ($ in millions) (1) Management estimates JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 6
SEATING GROWTH DRIVERS OF ORGANIC GROWTH • Enhance market-leading positions in motorcycle and turf equipment • Penetrate into adjacent markets, including medium construction and agriculture • Leverage existing capabilities in suspension systems and technology into new products • Expand geographic footprint JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 7
ACOUSTICS OVERVIEW ACOUSTICS HAS DEVELOPED EXTENSIVE DESIGN AND MANUFACTURING EXPERTISE TO PROVIDE CUSTOM ACOUSTICAL SOLUTIONS FOR EACH VEHICLE PLATFORM IT SERVES 2014 REVENUE BY GEOGRAPHY OVERVIEW • Jason’s Acoustics segment is North America’s largest producer of acoustical fiber insulation and a leading producer of automotive fiber-based molded and die-cut products U.S. 64% • Products are used in approximately 70% of light vehicles in North America today, MEXICO 22% including the majority of top platforms EUROPE 14% • Jason’s Acoustics segment product content per vehicle has increased by 48% since 2010 • Future organic growth will be driven by innovative new products, including lightweight- fiber automotive underbodies 2014 REVENUE BY END PRODUCT ADDRESSABLE MARKET (1) FINANCIAL PROFILE // $12 BILLION $2.5 BILLION $250 WORLDWIDE IN NORTH AMERICA $204 $219 $200 DIE CUT INSULATION 24% $172 Door Panel 11% Insulation $145 Dashboard MOLDED INSULATION 18% $150 Insulators Underbody Luggage (Interior & TRUNK SYSTEMS 21% 9% Compartment Exterior) Floor/Carpet 8% $100 Underlayment IP CLOSEOUTS 10% Under Hush Bonnet Panels CARPET SYSTEMS 10% Wheelhouse/ 6% $50 Cowl OTHER 12% ENGINE 3% $0 ʼ11 ʼ12 ʼ13 ʼ14 WHEEL LINERS 2% Adjusted EBITDA % Revenue ($ in millions) (1) Management estimates JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 8
ACOUSTICS GROWTH DRIVERS OF ORGANIC GROWTH • Capture market share through new product lines (wheel liners, underbody panels, trunk systems) • Capitalize on light-weight fiber products supporting industry fuel efficiency trends • Grow market share with existing and new customers in Mexico • Establish additional direct OEM relationships ADJUSTED EBITDA MARGIN EXPANSION • Refresh product portfolio, focusing on high-value add product lines (wheel liners, underbody panels, trunk systems) • Optimize customer pricing • Rationalize footprint and improve operational efficiencies JASON INDUSTRIES 2015 INVESTOR PRESENTATION //// PAGE 9
Recommend
More recommend
