Acquisitions and Financial Overview
% of US Addressable Market
HSB:
A PENETRATION STORY
North American Penetration Opportunity(1)
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%
1945
1955
1965
1975
1985
1995
2005
Central Air Conditioning
Portable Generators
Home Security Alarms (professionally monitored)
Home Standby Generators
2015
2020
86.9%
GENERAC
26.0%
Aging Population Fits Demographic
• ~65% of buyers age 60 and older
• ~Median home value of approximately $425k
• ~80% retro-fit application
~$130K median household income
• Between 8-10% replacement units.
16.1%
5.0%
Every 1% of increased penetration equals
~$2.5 billion of market opportunity
(1) Source: Company estimates; based on addressable market for HSB generators consisting of all single-family detached, owner-occupied homes valued > $125K; portables and central A/C use all single-family homes regardless of value;
penetration rate for home security alarms was estimated from a variety of industry sources and focuses on the professionally monitored market.
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