Trimas Corporation · NASDAQ:TRS

Trimas — Merger or Acquisition (December 2014)

28 slides from Trimas's merger presentation, Dec 8, 2014

  1. Slide 1: Spin-Off of TriMas' Cequent Businesses

    Exhibit 99.1 Spin-Off of TriMas’Cequent Businesses Separation Will Create Two New, Industry-Leading Companies December 8, 2014 NASDAQ • TRS

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements Any "forward-looking" statements contained herein, including those relating to market conditions or the Company's financial condition and results, expense reductions, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including, but n

  3. Slide 3: Agenda

    Agenda • Transaction Overview • New Stand-alone Cequent • New TriMas • Summary • Questions and Answers • Appendix 3

  4. Slide 4: Transaction Overview

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  5. Slide 5: Strategic Rationale

    Strategic Rationale • Significant progress has been made over the last several years to improve andrefinethe portfolio andstrengthenTriMas’financialposition • Thorough review of strategic options led to the decision to spin-off Cequent businesses • Spin-off will result in two independent, publicly t

  6. Slide 6: Transaction Overview

    Transaction Overview • Creates two strong, highly competitive stand-alone public companies • Distribute 100% of shares to TriMas shareholders • Expectedto be tax-freeto TriMas’U.S.shareholders • Completion targeted for mid-year 2015 • Subject to customary closing conditions, final approval by the Tr

  7. Slide 7: Creating Two Strong Public Companies

    Creating Two Strong Public Companies (TTM figures as 9/30/14; Dollars in millions; from continuing operations) New TriMas New “Cequent” ENERGY ENGINEERED CEQUENT CEQUENT PACKAGING AEROSPACE COMPONENTS AMERICAS APEA Revenue: $335.2 Revenue: $113.7 Revenue: $199.6 Revenue: $206.6 Revenue: $445.8 Reven

  8. Slide 8: Two Strong Companies with Unique Characteristics

    Two Strong Companies with Unique Characteristics TriMas Cequent Additional content in markets already New products; growing middle-class Main Growth Drivers served; construction, agriculture and economies; new geographies consumer exposure High share in certain channels and Market Share High share;

  9. Slide 9: Strategic Aspirations – Impact to New TriMas

    Strategic Aspirations I–mpact to “New”TriMas Impact of Spin-off: GENERATE high single-digit top-line growth in growing end markets through new INVEST products, global expansion and acquisitions margins through productivity initiatives, ENHANCE leveraging costs and business mix GROW earnings faster t

  10. Slide 10: New Stand-alone Cequent

    New Stand-alone “Cequent”

  11. Slide 11: Cequent – A Growing Global Company

    Cequent –A Growing Global Company Financial Snapshot Key Initiatives Net Sales& OperatingProfitMargins(1) ($ in millions) • Margin expansion • “Heavy lifting” complete –optimization $614 $589 • Product line assessments $529 $478 • Acquisition improvement $415 $373 • Global/local customer-centric gro

  12. Slide 12: Cequent – A Unique Position as a Global Market Leader

    Cequent –A Unique Position as a Global Market Leader ApproximateRevenue (1) By: Channel Geography Product Heavy Duty Towing OES North Aftermarket Hitches Towing America Accessories OEM Africa Trailer Retail/ South Other Accessories E-commerce America Asia Pacific Vehicle Europe Protection Electrical

  13. Slide 13: Cequent – Opportunities for the Future

    Cequent –Opportunities for the Future Future Opportunities for Cequent Product Set (1) North America Europe Asia Pacific Africa South America Aftermarket Retail/ E-commerce OEM/OES • Expand TriMotive • Foundation in place with • Low cost footprint in place • Leverage footprint in • Leverage footprin

  14. Slide 14: Cequent – Advantages as One Global Company

    Cequent –Advantages as One Global Company • Global platform for global customers • Local platform for local relevance and supply • Broadest product set • Strong brand equity • Leading technology • Talented, experienced management team Opportunity to create significant shareholder value through growt

  15. Slide 15: New TriMas

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  16. Slide 16: New TriMas – Positioned for the Future

    New TriMas –Positioned for the Future • Simplified portfolio of engineered and applied products • Well-positioned in attractive growth and higher margin markets within Packaging and Aerospace • Multiple platforms for long-term organic and acquisition growth • Strong brand recognition and customer lo

  17. Slide 17: Packaging

    Packaging Key Initiatives Financial Snapshot Net Sales& OperatingProfitMargins(1) • Target specialty dispensing and closure products ($ in millions) in higher growth end markets • Beverage, food, nutrition, personal care and pharmaceutical • Increase focus on Asian market and other emerging market o

  18. Slide 18: Aerospace

    Aerospace Key Initiatives Financial Snapshot (1) Net Sales & Operating Profit Margins • Integrate Allfast Fastening Systems ($ in millions) • Optimize Martinic Engineering and Mac Fasteners acquisitions • Expand aerospace fastener product lines to increase content and applications per aircraft • Lev

  19. Slide 19: Energy

    Energy Key Initiatives Financial Snapshot Net Sales& OperatingProfitMargins(1) • Optimize and refine manufacturing footprint and ($ in millions) branch strategy • Reduce costs of standard productspreliminary – decision to move portion of Houston facility to new Lamons facility in Mexico • Design and

  20. Slide 20: Engineered Components

    Engineered Components Key Initiatives Financial Snapshot Net Sales& OperatingProfitMargins(1) • Expand complementary product lines at well-site ($ in millions) and grow compression products • Grow products to support the shift toward increased use of natural gas and production in shale formations •

  21. Slide 21: Summary

    Summary

  22. Slide 22: Summary

    Summary • We believe the decision to spin-off the Cequent businesses is the next step in transforming and improving TriMas • We believe this transaction will create value for shareholders, customers and employees • Spin-off will result in two independent, publicly traded companies with increased str

  23. Slide 23: Strategic Aspirations

    Strategic Aspirations GENERATE high single-digit top-line growth in growing end markets through new INVEST products, global expansion and acquisitions ENHANCE margins through productivity initiatives, leveraging costs and business mix GROW earnings faster than revenue growth OPTIMIZE capital structu

  24. Slide 24: Questions and Answers

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  25. Slide 25: Appendix

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  26. Slide 26: Business Segment TTM Financial Information

    Business Segment TTM Financial Information (Unaudited, dollars in thousands) Trailing Twelve Quarter To Date Months 12/31/2013 3/31/2014 6/30/2014 9/30/2014 9/30/2014 Packaging Net sales...................................................................................................... $ 78,220 $

  27. Slide 27: Business Segment TTM Financial Information (cont.)

    Business Segment TTM Financial Information (cont.) (Unaudited, dollars in thousands) Trailing Twelve Quarter To Date Months 12/31/2013 3/31/2014 6/30/2014 9/30/2014 9/30/2014 Cequent APEA Net sales......................................................................................................

  28. Slide 28: Cequent – Historical Breakdown by Segment

    Cequent –Historical Breakdown by Segment (Unaudited, dollars in thousands) Trailing Twelve Year To Date Months 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 9/30/2014 Cequent APEA Net sales....................................................................................... $ 63,930 $ 75,

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