Matthews International (MATW) Investor Presentation summary

Strategic portfolio transformation and growth initiatives

• Diversified from legacy bronze memorials and marking technology into high-growth markets such as energy storage, warehouse automation, and digital brand solutions.

• Memorialization business expanded through strategic acquisitions, achieving leadership in caskets, bronze, granite, and cremation products.

• Industrial Technologies segment entered warehouse automation (2011) and energy storage (2009), targeting large, fast-growing addressable markets.

• Ongoing portfolio optimization led to the pending sale of SGK Brand Solutions, expected to simplify structure and improve margins.

• Approximately $490 million returned to shareholders since 2014 via dividends and share repurchases, while investing in organic and inorganic growth.

Financial performance and capital allocation

• Consolidated net sales grew 62% over the last decade, with Memorialization providing stable cash flow and Industrial Technologies showing strong growth.

• SGK Brand Solutions sale to SGS & Co. valued at $900 million enterprise value, with $350 million upfront consideration and 40% equity retained.

• Proceeds from SGK sale intended to reduce net leverage below 3.0x, shifting focus to higher-margin segments and increasing free cash flow.

• Cost reduction initiatives targeting up to $50 million in annual savings, primarily from engineering and tooling operations in Europe.

• 31 consecutive years of dividend growth, with over $490 million capital returned to shareholders since 2014.

Market positioning and business segment highlights

• Memorialization segment holds leading market positions in caskets, bronze, granite, and cremation, with consistent cash flow and market share growth.

• Industrial Technologies leverages proprietary dry-cell battery electrode technology, serving a $40 billion battery market growing at 20% CAGR.

• Warehouse automation and product identification businesses target $53 billion and $6 billion markets, respectively, with double-digit growth rates.

• SGK Brand Solutions joint venture creates a global leader in brand experience, with significant synergy opportunities and retained equity stake.

• Advanced R&D and IP in energy storage and automation provide competitive advantages and high barriers to entry.