Lakeland Bancorp Investor Conference Presentation Deck
Large Markets with Strong Tailwinds
Key Market Dynamics
J
Lakeland
INCREASING RELEVANCE OF SAFETY AND PPE
Increased development and enforcement of safety and environmental
standards globally
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GROWING DEMAND FROM END-USER INDUSTRIES
Global ESG movement is increasing focus on worker health and safety
Further industrialization is leading to more complex processes and
hazardous environments requiring additional protective solutions
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Global acceptance of PPE increasing in wake of COVID-19 pandemic
Lakeland products available in 78 countries
ONGOING AND FUTURE TECHNOLOGICAL ADVANCEMENTS
Continued advancements in non-woven fabrics (e.g., nanofibers) with
improved properties and attributes
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• "Smart PPE/Connected Worker" growth projected to be $1.9 billion
from 2020 to 2024¹
Recent strategic investment to enter Connected Worker Market
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Sources:
1) IOSH Magazine, "Power Dressing for Smart PPE"
2) Allied Market Research, The Insight Partners, and Management Estimates
~$6 Billion Total Addressable Market
with a Mid-to-High-Single-Digit
Growth Rate²
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