matt lattanzi nortek/tech service update. nordyne and nordyne international are now nortek global...

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Matt Lattanzi Nortek/Tech Service Update

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Page 1: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Matt Lattanzi Nortek/Tech Service Update

Page 2: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

• NORDYNE and NORDYNE International are now Nortek Global HVAC• Why?

– Nortek has become a much more integrated company– Better market recognition– Opportunities to collaborate and cross sell– Easier creation of internal efficiencies– Stronger negotiating power with suppliers

• Impact on customers– Business as usual– Customer agreements are unaffected– New name and logo on our business documents– New email addresses

Nortek Update(name change)

Page 3: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Nortek History

NGH1919

Broan1932

MammothNuTone

Governair1936-37

Ergotron1982

Huntair1993

Ventrol1998

2GIG2007

• Nortek was established in 1967 and is headquartered in Providence, RI.

• Today, Nortek has 25+ operating companies, 50+ locations• From cleaner air to clearer sound systems, Nortek brands deliver

a wide, diverse range of innovative lifestyle improvements for home and at work

• Nortek operates through facilities across North America, Latin America, Europe, and Asia, with 10,000 employees

• Traded on Nasdaq, under ticker, NTK

Nortek1967

Nortek Business Overview

Page 4: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Nortek Structure

Air Quality & Home Solutions

Security, AV & Control

Ergonomic & ProductivitySolutions

Residential & Commercial HVAC

Custom & Commercial Air Solutions

Residential Education Healthcare Commercial Data Centers

5 Segments

5 Primary Markets

Air Management Segments in Highlighted in Gray

Page 5: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Other Nortek Segment Brands

Nortek Air Management Segments

Air Management Brands

AQH26% RC

H18%

CAS21%

TSG23%

EPS12% 68% of Nortek’s Revenue in

2013Was Generated by Nortek’s “Air

Management” Businesses

Page 6: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Nortek Global HVAC

Nortek Global HVAC Sales By Product Type

7%Compressor Bear-

ing

Coil Bearing

Heating

Engineered

PartsOther

3%

41%

8%

30%

12%

6%

• Nortek Global HVAC, formerly NORDYNE was founded in 1919 as International Oil Heating Company

• Purchased by Nortek in 1985• Has 1,700 employees with operations in the U.S., U.K., France,

Belgium and Mexico.• Sales offices in Canada, Miami, Puerto Rico, Mexico, Brazil, Argentina

and Australia. And, a design center in Shanghai• Headquartered in O’Fallon, MO• Manufactures residential and light commercial HVAC products

Residential & Commercial HVAC

Overview & History

Page 7: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Facilities

Page 8: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek
Page 9: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Warranty/Tech Service Update

• Effective 1/13/2015, April Douglas was promoted to Warranty Manager.

• After 44 years of service, Keith Skipper has retired!

• Doug Priestley is our new Technical Services Manager

• Matt Lattanzi is no longer responsible for product management

• David Street: Vice President of Product Management– Tim Alford: Product Manager Split Systems, Air Handlers and Coils– John Remley: Product Manager Package Equipment and Furnaces– Dave Garvin: Product Manager Light Commercial– John Pas: Product Manager Unit Heaters– John McKissack: Product Manager Engineered Systems

Page 10: Matt Lattanzi Nortek/Tech Service Update. NORDYNE and NORDYNE International are now Nortek Global HVAC NORDYNE and NORDYNE International are now Nortek

Thank You