Robertshaw Overview
Who is Robertshaw?
Who We Are
We are a global design, engineering and manufacturing
company that sells product solutions into the white
goods industry and leverages this portfolio and
technology into adjacent markets and after sales
channels.
Primary applications include controls for clothes
washers and dryers, dishwashers, refrigerators, electric
and gas cooking, ice makers, fluid dispensing, storage
water heaters, gas valves for space/central heating and
automotive/off road temperature and fluid controls.
We make products that are safe, reliable and attractive.
We engineer today’s solutions for tomorrow’s global demands
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Our Purpose
Mission
Deliver excellent and predictable returns to our
investors and unquestionable service to our customers
by being the best at designing, engineering,
manufacturing and delivering innovative, reliable and
cost-effective product solutions that increase safety,
improve productivity, and protect the environment.
Vision
Profitably grow into the number one value provider in
the markets we serve and be the employer of choice.
03/19/2021
 Long history of innovation and strong brands

1899-1920 1920-1940 1940-1950 1950-1970 1970-1990 1990-2000 2000-2019

2011
1899 1927 1941 1960 1981 1995 HYDRA water valve
Frederick W. M.1 water valve Robertshaw launches 1st microprocessor- E1 & E2 water valve launched.
Robertshaw invents invented; 1st NA bimetal safety valve based electronic pioneered the
1st thermostatic Brand established. solenoid operated for selfcleaning ovens. cooking control reduction of metal 2013
control for gas water laundry valve. launched. content by 50%. Launch of AEGIS gas
control valve.
heaters. 1928 1965
EC Raney invents 1st 1986 1997 2014  ​
1900 electromechanical 1945 Siebe PLC purchases Siebe PLC acquires Robertshaw acquired by
cold thermostat. Ranco develops Robertshaw Controls global appliance unit Sun Capital Partners. 
Uni-Line Brand & of Eaton Corporation.
manufacturing Company. 2016
distribution business
Brand established. process for brazing Robertshaw Acquires
established. 1999
beryllium copper 1987 Burner Systems
1913 refrigeration control Launch of 1st solid Launch of first International (BSI).
bellows. state electronic solenoid integrated
safety valve. 2018
Brand established. demand defrost Robertshaw Acquired by
control. One Rock.​
1916 2000
Launch of first internet Robertshaw Acquires
Robertshaw launches CastFutura S.p.A.
connected laundry
gas range
control. 2019
temperature control.
Opening of Robertshaw
Thailand (RST).

100+ years of industry firsts underpinned by industry leading global brands

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 One Rock Overview

Founded in 2010, One Rock Capital Partners invests in mature middle market businesses and creates value through operational
improvements and consistent growth
 18 investment professionals and 14 Operating Partners with offices in New York and Los Angeles
 One Rock manages $1.4 billion in committed capital
 Founded by Tony W. Lee and R. Scott Spielvogel, formerly Managing Directors at Ripplewood Holdings
 One Rock brings particular sector-focused expertise to its investment opportunities through its full-time and exclusive Operating Partners who can
function as catalysts to drive growth and improvement
– Additionally, One Rock has a unique strategic relationship with Mitsubishi Corporation that provides access to strategic resources, including
market intelligence, global-scale sourcing economics, enhanced access to customers and markets, and financial products

Sample Investments (Current & Prior)

Chemicals and Process Food Manufacturing and Business and Environmental

Specialty Manufacturing
Industries Distribution Services

Disclaimer: This presentation is being furnished on a confidential basis and is for the use of its intended recipient only. No portion of this presentation may be copied, reproduced, republished or distributed in
any way without the express written consent of Range Parent, Inc. (“Robertshaw”) and One Rock Capital Partners, LLC. This presentation is for informational purposes and should not be taken as a
recommendation to invest in any specific funds.
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 Robertshaw manufactures mission-critical controls

Company overview Selected key customers

 Robertshaw designs and manufactures mission-critical energy regulation
and flow control components for large appliances and various applications 30+ years
30+ years 14+ years
70+ years
 Core offerings include electromechanical solutions, mechanical combustion
systems and electronic controls Appliance
25+ years 25+ years
 30+ years
30+ years average relationship with blue-chip OEM customers
 260+ engineers supporting customer driven innovation and New Product 27+ years
30+ years 14+ years
Introductions (“NPI”) across appliance, heating, ventilation and air
conditioning (“HVAC”) and transportation
 10,000+ distinct SKUs across 50+ product families to meet OEM customer 20+ years 30+ years 10+ years
needs
Commercial
 Breakthrough coolant system technology for Electric Vehicles 10+ years
30+ years 30+ years 15+ years
 11 manufacturing locations, 3 engineering centers and 3 distribution
centers
 Headquartered in Illinois; employs ~6,500 people in 14 countries 15+ years
Global
1+ years 1+ years
Transportation 8+ years

30+ years 1+ years

30+ years 20+ years

20+ years
Aftermarket

25+ years 20+ years

Long tenured, blue chip customer relationships

Embedded engineering resources with key customers drive long-term strategic relationship and growth

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 Branded offering with unparalleled capability to deliver full suite of solutions

Brands Unmatched engineering platform

 “Hot” products
 Strong brand recognition in appliance controls 10,000+
and solutions 260+
sophisticated control
total engineers
products
 “Cold” products

 Well-positioned in pressure and temperature

controls

~30%
~$200mm
 Well known for defrost controls product vitality
Total NPI pipeline
 Market leader in refrigeration and food service metric1
equipment

 Brand name for the aftermarket business

 Numerous commercial and residential products
for HVAC and appliance replacement controls
4,000+ ~100
R&D hours devoted dedicated design /
 Shift to a direct sales force model from sales
agents to NPI monthly R&D engineers

Globally recognized and trusted brands for 50+ years

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 Broad portfolio of products and leading market share in key segments

Product family Key product types Key highlights

 Making major investment in M-series (new name S-series) to

Cooking
Cooking gas valves reduce cost and improve calibration. Will allow Robertshaw to
97% share in NA offer a competitive switch in Europe
 #1 provider of gas valves, energy regulators and top burners in
North America (“NA”). Increase to 50% top burner share with
Top burners
30% share in NA Samsung Q4 FY21
 Gas delivery system is effectively the industry standard in the US

Aluminum tubing
 Acquisition of BSI and Cast Futura results in the most
75% share in NA Tubular burners comprehensive solutions for gas cooking platforms in the
Cooking Manifolds 54% share in NA
60% share in NA industry

 Solutions for temperature control, water delivery, defrost

Refrigeration
M–Series energy regulator functions, damper controls and electronic control boards
Appliance

60% share in NA
Ice maker valves
Cold thermostat  #1 global provider of electromechanical cold thermostats and
50% share in NA
Global #1 (EM) one of the two leading suppliers of ice maker valves
Direct spark oven  Products determine energy efficiency and provide critical
ignition controls temperature control function
90% share in NA
Electronic control
panels

 The Hydra water valve global platform improvements set for a

Laundry
2021 Samsung introduction and future low-cost model under
development
 Highly competitive electromechanical timer used in 86% of non-
electronic dryer models or 28% of total US market
Water valves  Provides user interface and electronic control boards
65% share in NA

Electromechanical timers
Leading global
share in segment
Note: Remaining ~4% of revenue attributable to other residential and commercial appliance.

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 Broad portfolio of products and leading market share in key segments
(continued)

Product family Key product types Key highlights

Commercial Appliance  Offers wide range of products and solutions for commercial
fryers, ranges and refrigeration applications
Combustion gas valves
Hot thermostats  Exceptional brand recognition
 Design and engineering capabilities for applications requiring
Commercial

durability and harsh operating environments

Cold controls
Coffee brewer water valve

HVAC  Products including gas valves, manifolds and orifices allow safe
and efficient operation of gas furnaces
 #1 provider of manifolds for HVAC in NA
Water heating Furnace Boiler Heating
gas valves gas valves electrodes manifolds  #2 provider of semi-rapid (“SR”) burners in NA

Transportation  Leading supplier for Electric Vehicles – 10-year supplier to Tesla,

Transportation

recent wins at Rivian, Nikola, Gunsel and Amazon Prime (Rivian)

Developed breakthrough advanced automotive coolant valves
Global

and coolant management systems – 3 additional patents pending

Thermal fluid
management system  Significantly improves battery life and driving range
Advanced coolant
control valves
 Contracts in place with additional leading EV OEMs

Uni-Line  Offers 8,000+ products through ~3,500 global customers

(aftermarket)
 Owns and operates four brands that are associated with
reliability and safety and command a premium price
Aftermarket

 3rd party partnerships established including Full Gauge and

Wilspec HVAC controls
 Knowledgeable technical support teams and customer service
including 24-hour ordering

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 Delivering engineering value

Best in Class Engineering Investment Value

Product Strategy Engineered
Development Solutions
Customer Segmentation
Global Engineering
Value Solutions Partners
Platforms • Co-Development
Engineered Solutions Innovation Driven Industry Leaders
• Hydra • On-Site Engineers
Value Hybrid • Dedicated Resources
• M Series
Evolving Cultures Fragmented Approaches Pockets of Value Hybrid Partners
• Halo • Selectively Co-Develop
Value Components
Burners Component Buyers
Should-Cost Focused “Me-Too” Features Market Followers • Indirect Delivery of
• Hornet Engineering Value
• Develop Best-In-Class
• Aegis Global Platforms

Strategy builds customer engagement and differentiates Robertshaw Delivering

engineering value is the cornerstone of our strategy

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 Recent Investments

■ $80M in Capital Expenditures over past 3 years support

new products and state of the art manufacturing
capabilities.
■ Acquired BSI June 2016, leader in gas train delivery and
burner systems.
■ December 2018, acquired CastFutura S.p.A. - leading
provider of combustion, safety and ignition products.
■ Invested $2M in Engineering Center including rapid
prototyping equipment for printing both plastic and metal
parts.
■ Established in-house automation teams in Nuevo Laredo
and Matamoros to develop standard design and
production processes around the globe and to help achieve
maximum flexibility and speed to market.

Robertshaw is committed to investing in the industries and markets we serve

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 Investing in acquisitions to support blue chip customer base

200+ potential
acquisition targets

 Tactical bolt-ons to larger

strategic acquisitions

 Quick integration through

 Acquired December 2018
cloud-based ERP system
 Burners, Spark Plugs and
 Priority areas:
Thermocouples for - Product extension
Cooking - International expansion
- Aftermarket expansion
 Electrodes for standard
- Adjacent markets
boilers and high
 Acquired June 2016 efficiency boilers  Selection Criteria
 Leader in gas train and  Provides credibility and a  Track record of creating
burner systems built-in customer base in engineering value
European Cooking  Long lasting customer
 Complete gas cooking &
Safety market relationships
heating delivery offering
Reliability Engineering  Provides scale and
 Leading market positions
 Strong engineering
resources to accelerate  Robust innovation pipeline
Channel Customer culture of creating value
CastFutura’s entry into  Strong manufacturing
strength service through innovation
North America capabilities

Committed to markets and industries we serve

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 Global “in region, for region” manufacturing footprint

Strategically located facilities

provide best-in-class service
and support:

 Vertically integrated, state-of-

Bedford, UK Sternberk, CK the-art manufacturing
Trnava, SK capabilities.
Burlington, CA
Itasca, IL Milan, IT
Terno d’Isola Plovidiv, BG/Gorna Milina, BG
Norco, CA Istanbul, TK Qingdao, CH  Culture of continuous
Laredo, TX
Nuevo Laredo, MX improvement to create
Matamoros, MX
Celaya, MX sustainable competitive
Pune, IN Chonburi, TH advantages for our
customers.

 Industry leading safety

Valinhos, BR culture, 13 times better than
U.S. national industry
performance.

Manufacturing
Distribution
HQ/Offices/Engineering Centers

11 manufacturing locations, 3 engineering centers and 3 distribution centers

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 Why Robertshaw

 Value-engineering mind-set and approach at the core of

Robertshaw DNA.
 Deep technical and application expertise in served markets.
 Flexible engineering model.
 Comprehensive testing and prototyping capabilities to ensure
fast and robust product development and design results.
 Global manufacturing footprint with factories in lower cost
regions.
 Continuous investments in technology, manufacturing
automation and safety.
 Pervasive Continuous Improvement culture.
 Has a passion for and laser-like focus on our core markets.

Creating value and differentiation for our customers

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