Carlisle to Acquire Henry Company
Forward-looking statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words
such as "expect," "foresee," "anticipate," "believe," "project," "should," "estimate," "will," "plans," "forecast," and similar expressions, and reflect our expectations concerning the
future. It is possible that our future performance may differ materially from current expectations expressed in these forward-looking statements, due to a variety of factors such as:
increasing price and product/service competition by foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to
introduce competitive new products and services on a timely, cost-effective basis; our mix of products/services; increases in raw material costs which cannot be recovered in
product pricing; domestic and foreign governmental and public policy changes including environmental and industry regulations; threats associated with and efforts to combat
terrorism; protection and validity of patent and other intellectual property rights; the successful integration and identification of our strategic acquisitions; the cyclical nature of our
businesses; and the outcome of pending and future litigation and governmental proceedings. In addition, such statements could be affected by general industry and market
conditions and growth rates, the condition of the financial and credit markets, and general domestic and international economic conditions including interest rate and currency
exchange rate fluctuations. Further, any conflict in the international arena may adversely affect general market conditions and our future performance. This presentation also
contains forward-looking statements with respect to the acquisition of Henry and the anticipated timing meet or of the closing of the transaction. These statements represent only
Carlisle's current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Carlisle's control. Actual results could differ materially from
those reflected in this presentation for various reasons, including the failure of the parties to meet or waive closing conditions and the failure to receive required regulatory
approvals. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K,
for a discussion of these and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking
statements contained in this press release. We undertake no obligation to update any forward-looking statement.
Non-GAAP financial measures
Our management uses non-GAAP financial measures in assessing and evaluating performance. We believe the use of such financial measures and information may be useful to
investors. EBITDA is not considered to be a measure of financial performance in accordance with generally accepted accounting principles ("GAAP"). Transaction EBITDA
represents an estimate of Henry's annual net income adjusted to exclude interest expense (net of interest income), income taxes, depreciation and amortization, as well as other
adjustments related to certain income, costs and expenses, including adjustments to annualize amounts related to recent Henry acquisitions. In addition, this presentation
includes a non-GAAP measure of the expected accretive impact of the acquisition to the Company's EPS, based on internal projections of the incremental net income generated
by the acquired business in the first fiscal year post-acquisition. Non-GAAP financial measures should be read in conjunction with the GAAP financial measures, as non-GAAP
measures are a supplement to, and not a replacement for, GAAP financial measures. Please refer to the appendix (slide 11) for a reconciliation of non-GAAP financial measures
to the related GAAP financial measures.
VISION
CARLISLE
THE NEXT 100 YEARS
2025
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