Marine Products (MPX) Investor presentation summary

Strategic rationale and combination overview

• Merger creates a diversified portfolio of five leading recreational marine brands across four categories, more than doubling consumer reach and expanding geographic coverage through complementary dealer networks.

• Enhanced innovation and manufacturing capabilities are expected, with accelerated new model launches and improved operational flexibility.

• The combined company will have a robust balance sheet to support growth, value creation, and focused capital allocation.

Transaction structure and financials

• Marine Products shareholders will receive 0.232 shares of the new entity and $2.43 in cash per share, with the deal valued at $232.2 million net of acquired cash.

• Pro forma FY 2026 net sales are projected at $560 million and adjusted EBITDA at ~$64 million, excluding synergies.

• The transaction is expected to be accretive to adjusted EPS in fiscal 2027, with $6 million in annual net savings from cost eliminations.

• The combined company will have a net cash position at closing, with $81.4M and $43.5M in cash and equivalents as of December 31, 2025.

• Financing includes a 5-year, $75M revolving credit facility with an accordion up to $100M.

Operational and organizational impact

• The merger brings together over 500 global dealers and approximately 1,400 employees, with annual revenue of ~$540M and annual unit sales of ~4,700.

• Manufacturing footprint includes three major facilities totaling 1.9M square feet, supporting efficient brand investment and innovation.

• The board will expand to ten directors, with three new members; key leadership roles are assigned to experienced executives from both companies.

• Headquarters will be in Vonore, TN, with continued operations in Nashville, GA.