Imi Plc · LSE:IMI

Imi — Merger or Acquisition (November 2021)

8 slides from Imi's merger presentation, Nov 15, 2021

  1. Slide 1: Acquisition of Adaptas

    IMI plc Acquisition of Adaptas 15 November 2021 For information on our Cautionary Statement, please refer to the slide below

  2. Slide 2: Cautionary statement

    IMI plc Cautionary statement By attending (whether in person, by telephone or webcast) this presentation or by reading the presentation slides, you agree to be bound by the limitations and conditions set out in this Cautionary statement. This presentation is for your information only and contains fo

  3. Slide 3: Acquisition of Adaptas Solutions

    IMI plc Acquisition of Adaptas Solutions Fully aligned with IMI’s Purpose and Vision Purpose: Leading provider of mission critical components for mass spectrometry analytical devices serving the life science industry Vision: Working alongside global analytical device manufacturers throughout the pro

  4. Slide 4: Adaptas overview

    IMI plc Adaptas overview Holds differentiated position in attractive market, with $83m revenue expected in FY21 Operates in the highly attractive Develops customised technical solutions (% revenues) Life Science market Mass Spectrometry Fluid handling and lab automation  Adaptas’ addressable mass C

  5. Slide 5: Synergy with IMI Precision Engineering

    IMI plc Synergy with IMI Precision Engineering IMI Precision 9% 8% • Increase Precision Fluid Increases revenue1 24% 22% OEM to 28% of the division + Adaptas exposure to Life Industrial Automation Precision Fluid OEM 44% (FY21) 6% 42% Science Transportation 23% 22% • Increase Life Science Other expo

  6. Slide 6: Transaction details

    IMI plc Transaction details  Transaction EV of $271m (£202m)  Represents a multiple of approx.16x est. adjusted EBITDA 2021  Expected 2021 financial performance:  Revenue - $83m; Adjusted EBITDA - $17m (21%); Adjusted EBIT - $14m (17%)  Plan to fund through core bank group  Proforma leverage (

  7. Slide 7: Summary

    IMI plc Summary  Breakthrough Engineering for a better world  Attractive high growth markets  Great fit with IMI Precision Engineering  Meets or exceeds our financial targets 7

  8. Slide 8: Q&A

    IMI Q&A

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