Tarkett Sa · SWB:1T9

Tarkett Sa — Merger or Acquisition (October 2014)

9 slides from Tarkett Sa's merger presentation, Oct 31, 2014

  1. Slide 1: Tarkett to Acquire Desso

    Tarkett to Acquire Desso Analyst Presentation October 31, 2014

  2. Slide 2: Tarkett announces a strategic acquisition in Europe

    Tarkett announces a strategic acquisition in Europe Tarkett to acquire 100% of Desso, one of the European leaders in commercial carpets Agreement in principle reached with Bencis Capital Partners and minority shareholders On-going consultation process with Desso’s Works Council and filing procedure

  3. Slide 3: Company profile

    Company profile  Founded in 1930  A leading European player in commercial  Net sales 2013: €202million carpets  N°2 in carpet tiles in Europe  Headcount: 820 employees  Manufacturing: 2 production sites in the  Well established in Sport market with artificial Netherlands, 1 in Belgium turf an

  4. Slide 4: 2013 Desso net sales breakdown

    2013 Desso net sales breakdown 2013 NET SALES BREAKDOWN BY GEOGRAPHY 2013 NET SALES BREAKDOWN BY PRODUCT Sports Rest of the world Residential 16% 10% Carpets 13% 84% Commercial 77% Carpets EMEA 90% Carpets 10% Sports Desso Acquisition 3 October 31, 2014

  5. Slide 5: Strategic interest to acquire Desso

    Strategic interest to acquire Desso  Complementary product portfolio adding high- end carpet category in Europe  Addressing the added-value and growing carpet tiles segment  Complementary market segments: in particular in offices, hospitality and transports (marine and aviation sectors)  Reinfor

  6. Slide 6: Desso acquisition contributes to Tarkett's value creative external growth strategy

    Desso acquisition contributes to Tarkett’s value creative external growth strategy  Enterprise Value around €160M, circa 7x expected 2014 Adjusted EBITDA  In line with return criteria for acquisitions:  15% ROCE after integration phase  12% adjusted EBITDA margin after integration phase  Financ

  7. Slide 7: Desso, strong innovation and design capability

    Desso, strong innovation and design capability DESSO AirMaster® To clear Luminous Carpets™ with LED lighting, DESSO Light Reflection Master® the indoor air, absorbing particules developed in partnership with Philips to increase room brightness Desso GrassMaster®, unique hybrid DESSO SoundMaster® spo

  8. Slide 8: Key Take Aways of Desso Acquisition

    Key Take Aways of Desso Acquisition  Strategic move in Europe targeting the added-value and growing carpet tiles segment  Leverage the successful Tandus acquisition in North America  Complementary solutions and end-markets, supported by strong innovation capability Main Rationale  Provide commer

  9. Slide 9: Disclaimer

    Disclaimer  The information contained in this presentation has not been independently verified and no representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained here

Tarkett — Merger or Acquisition (October 2014) on 6ix