Weir Group PLC · LSE:WEIR
Weir — The Weir Group — Merger or Acquisition (December 2012)
10 slides from Weir's merger presentation, Dec 20, 2012
Slide 1: Acquisition of Mathena, Inc.
The Weir Group Plc Acquisition of Mathena, Inc. 20 December 2012 Excellent Engineering Solutions
Slide 2: Overview
The Weir Group Plc 2 Overview US$ 240m (£148m1) acquisition of Mathena, Inc. Rising to a maximum of $385m contingent on meeting 2013 and 2014 profit growth targets Goodwill tax deductible; net present value related to initial payment expected to exceed U$40m Leading provider of pressure control rent
Slide 3: Mathena background
The Weir Group Plc 3 Mathena background Founded in 1990 by Harold Mathena. Based in El Reno, Oklahoma History of developing innovative solutions for drilling applications 70,000 sq. ft. manufacturing facility in El Reno 12 service facilities in key unconventional oil and gas basins Highly skilled an
Slide 4: Key Transaction terms
The Weir Group Plc 4 Key Transaction terms US$240m to be paid in cash on completion Maximum earn out of US$145m, based on profit growth targets in 2013 and 2014 Earn-out accrues at an earnings multiple lower than the initial up front payment Pro-forma 2012E net debt of c1.5x EBITDA Completion expect
Slide 5: Mathena – value creation opportunities
The Weir Group Plc 5 Mathena – value creation opportunities Expands Weir in Increases exposure to large US drilling market the drilling cycle Balances exposure across drilling – completion – production lifecycle Extends E&P Access to tier-1 customers relationships Cross sell opportunities between co
Slide 6: Appendix
rhe Wer croup Pe iifMathena . Appendix
Slide 7: Combined pressure control offering
The Weir Group Plc 7 Combined pressure control offering SeaboardTM frac flowback services SeaboardTM Wellhead Eco-tank systems systems Mud-gas separators SeaboardTM Frac trees & Vent line drive-overs SeaboardTM Wellhead zipper manifolds Mathena systems Chokes & manifolds Pressure Control Gas vent ig
Slide 8: Typical Mathena layout: Full product suite
The Weir Group Plc 8 Typical Mathena layout: Full product suite Mathena Product Offering 3 4 2 5 1 1 Eco-Tank 2 Choke Manifold 3 Mud-gas Separation Equipment 4 Shale-Gas Separation Equipment 5 Vent Line Drive Over
Slide 9: Mathena products in action
The Weir Group Plc 9 Mathena products in action
Slide 10: Acquisition of Mathena, Inc.
The Weir Group Plc Acquisition of Mathena, Inc. 20 December 2012 This presentation contains certain forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In particular, all statements that express forec
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