Avantor Results Presentation Deck
Acquisition of Ritter GmbH will enhance Avantor's proprietary
consumables portfolio
Ritter highlights
Fast-growing, technology leader in high-precision
consumables: robotic tips, microplates, cartridges
Products engineered to exacting standards
Expands proprietary consumables offering for high-
growth lab automation workflows: PCR, NGS, Cell-
based assays
Leverages Avantor's channel and deep customer
relationships to broaden Ritter's OEM customer base
Transaction details
Purchase
price
Revenue
Closing
EPS
Financing
ROIC
€890M¹ cash up-front consideration, plus
potential €300M earn-outs through 2023
>€225M FY21 estimated revenue
Expected close in early Q3 2021
Expected accretion to adjusted EPS in 2021
Funded by cash on hand and term loans,
<4X expected leverage at close
LDD² by year 5
avantor
M
~$7B
Projected TAM³ in 2025
Market dynamics
HSD²%
Long-term
market growth
END MARKETS
Invitro Diagnostic Tests
Molecular assays testing genetic materials within cells
and non-molecular assays testing viral antigens or antibodies
Life Sciences Tests
Testing related to clinical trials and drug discovery
In Vitro Diagnostic Tests (COVID-related)
Lab-based diagnostic tests and Point of Care (POC)
screening tests
1. Estimated equity value, subject to final adjustments at closing; excludes assumed net indebtedness
2. LDD = Low Double Digit, HSD = High Single Digit
3. TAM = Total Addressable Market - Source: Kalorama, Allied Market Research, Markets and Markets, Expert Interviews
% of Projected
TAM³ in 2021
~60%
-30%
~10%
4View entire presentation