Commercial Flooring Market Overview
Investment Thesis
VALUE DRIVERS
.
Strong brands that are participating in growth areas of the industry MID-TERM OBJECTIVES
(4-6 years)
•
Positioned for growth in a $34 billion global category:
-
Leading share in carpet tile with ~22% of the segment
-
Leading share in rubber with ~-30% of the segment
42%
•
-
Growing share in LVT with ~2% of the segment
Attractive and expanding margin structure
⚫ Global footprint with manufacturing on four continents
•
Strong track record of value creation
16% Adjusted EBITDA CAGR
page 4
ADJUSTED EBITDA*
($ in millions)
16% CAGR
$210
$186
$157
$142
$152
$116
2014
2015
2016
2017
* See Appendix for a reconciliation of Non-GAAP figures
2018
Proforma
2018*
Gross Profit
Margin
15%
Operating
Income Margin
19%
EBITDA
Margin
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