Trane Technologies Plc · NYSE:TT
Trane Technologies — Ingersoll-Rand — Merger or Acquisition (December 2012)
11 slides from Trane Technologies's merger presentation, Dec 10, 2012
Slide 1: Proposed Spin-Off of Security Businesses and Revised Capital Strategy
Exhibit 99.1 Proposed Spin-Off of Security Businesses and Revised Capital Strategy December 10, 2012
Slide 2: Safe Harbor
Safe Harbor This presentation includes “forward-looking statements,” which are statements that are not historical facts, including, but not limited to, statements that relate to our intent to create two independent companies as a result of the proposed spin-off, the potential and opportunities for t
Slide 3: Results from Strategic Review
Results from Strategic Review • Completed thorough strategic evaluation which concluded that a spin- off of the commercial and residential security businesses would create company and shareholder value • Each company will move forward with distinct, more focused strategies, supported by its respecti
Slide 4: Profiles
Profiles 2011 Proforma Revenues “New” Ingersoll Rand “New” Security Company Club Car $0.5B Revenue: Revenue: $12B $2B Residential Industrial Security $2.4B $0.4B Commercial Major HVAC $5.6B Businesses Transport $1.9B Commercial Security Resid. $1.6B HVAC $1.6B Brands Enhanced strategic focus to unlo
Slide 5: "New" Ingersoll Rand: Foundational Strengths
“New” Ingersoll Rand: Foundational Strengths • Recognized brands with leading positions • Balanced end markets – Strong replacement element to all products, large installed base • Strong and growing service opportunity in Industrial and commercial HVAC • Global footprint – extensive sales and servic
Slide 6: "New" Ingersoll Rand: Future Growth Opportunities
“New” Ingersoll Rand: Future Growth Opportunities • Energy efficiency and sustainability imperative • Advance product technology and efficiency leadership High-performance equipment: compression, thermal management, advanced controls Refresh product portfolio • Service expansion: new services and ge
Slide 7: "New" Security: Foundational Strengths
“New” Security: Foundational Strengths • Leading brands in mechanical security across commercial and residential markets • Specification/code knowledge and management of complex customer requirements • Generates high level of profit and cash – market-leading margins • Synergy in sourcing and assembl
Slide 8: "New" Security: Future Growth Opportunities
“New” Security: Future Growth Opportunities • Recovery of key building markets • Extend leadership in mechanical solutions Specification knowledge Modular product line Reducing order-to-delivery cycle time Selective country / regional expansion • Establish a leading position in electronic locking Le
Slide 9: Overview of Separation
Overview of Separation • Tax free spin-off of “New” Security business • “New” Security to become a publicly traded company Transaction • Anticipate Irish incorporation for “New” Security • Expect one-time separation costs of $150M to $250M • Expect to complete separation in approximately 12 months T
Slide 10: Capital Allocation Update
Capital Allocation Update Annual Dividend Per Share Share Repurchase, $Bil. $2.0 $0.84 $0.64 $1.16 $0.43 $0.84 $0.28 2010 2011 2012 2013F 2011 2012F 2013 2nd Half to 2014 Q1 • 31% quarterly dividend increase • Additional $2 billion authorization announced today announced today • Future dividends to
Slide 11: Ingersoll Rand
am) Ingersoll Rand Inspiring Progress™
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