Melrose Results Presentation Deck
Melrose key financial numbers: Nortek delivering good returns for shareholders
Melrose
7. Nortek: 87% complete (following Nortek Control exchange of contracts)
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Nortek shareholder returns ¹
Buy
Improve
Sell
2.2x
Return on equity²
Nortek Air Management disposal for gross proceeds of £2.6 billion ($3.6 billion), 12.5x 2020 adjusted³ EBITDA
Nortek Control agreed to be sold for £0.2 billion in August 2021, just under 1x 2020 revenue
At constant currency, Nortek is well on the way to doubling shareholders' initial equity, and achieving an IRR of >20%
At actual exchange rates Return on Equity is approximately 2.0x
1.
2.
3.
21%
IRR²
Assumes Ergotron is at book value as at 30 June 2021
At constant currency and adjusting for the foreign exchange headwind since ownership of Nortek
Described in the glossary to the 2021 Interim Financial Statements, released on 2 September 2021
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