Ttm Technologies, Inc. · NASDAQ:TTMI
Ttm Technologies — Debt Investor Presentation (April 2015)
9 slides from Ttm Technologies's debt investor presentation, Apr 21, 2015
Slide 1: Lenders' Presentation April 2015
Exhibit 99.1 Lenders’ April 2015 Presentation
Slide 2: Transaction and financing update
621–•Transaction Timing: TTM Viasystems Q1 Debt Adj. TTM Capex Net Non-GAAP Please Reconciliation 2015 sales EBITDA1 EBITDA financing and Q4 and declined refer acquisition guidance: 2014 Viasystems up of Viasystems and Q4 to approximately earnings 7% 2%up of earnings Adjusted update: update: of 2014
Slide 3: TTM Overview
Overview Core 4G Focus Age Defense Approved Significant Growth Increasing Emerging Medical Instrumentation Industrial Growing Select Networking Cellular Computing Other1 2013 $3.5 $4.7 ($ 6%% Aerospace Source: Note: 1existing 11Other billions) LTE and $9.6 supplier PCB SAM of Total on consumer inclu
Slide 4: Viasystems Overview
Overview Extended Stringent Significant Increasing $151 $189 % Server 17% 33% Enterprise Demand Industrial 15% $104 Opportunity New Development Medical $129 Military 24%1 $96 Cross-selling China Source: 1$128 13Sales of customers datacom Viasystems’ production /breakdown Prismark; Data /for quality
Slide 5: Increases net sales end market diversification
2014 Increases net sales end market 17 Aerospace/ Networking/ by end diversification Defensemarket1 13% Automotive 17% Cellular Phone 12% Computing/ Storage/ Peripherals 11% Medical/ Industrial/ Instrumentation 16% Communications 29% Other 2% Aerospace/ Defense 11% Automotive 33% Computing/ Storage/
Slide 6: Expected annualized cost savings of $55 million
7 Excludes Expected $mm Plant Non-labor2 Labor2 Rationalizing Salesforce Maximize Avoid Service Optimize Align $22 $20 $13 1$55 2TOTAL: 25Generates Costs 40% 36% 24% 100% % operating assets duplicative to provider cost manufacturing achieve overhead realignment labor significant tooverlapping saving
Slide 7: Q1 2015 highlights and guidance
TTM Capex ($ Adj. Non-GAAP 2Y-o-Y $366.1 Q3 Q4 2014 29.5 3.0% 43.6 2.0% 26.2 3.6% 60.5 6.8% Q1 Previous $0.01 $29.1 Not $0.06 New •12.7% 1300% $0.13 44.3% 1~$13mm applicable 28 013 Adj. Controlled Strong New Please millions) millions 2014 2015 $345.3 $390.9 2014A provided EBITDA1 EBITDA2 guidance Q4
Slide 8: Capital expenditure breakdown
Capital FY2014 FY2013 FY2012 52% 48% 42% Capacity Total: All Investments other 58% $120mm2 $65mm $110mm expenditure additions capex in advanced Total: / breakdown special $109mm technology projects1All 41% Total: other 59% $140mm capex 57% 43% Total: $103mm All Zhongshan which 49%other For TTM inclu
Slide 9: Sources and uses; pro forma capitalization
Sources Equity $179 Merger Uses existing $1,396 2015 Cash Existing Total Net Noncontrolling Actual D 274 0(5) 32 556 1-277 Viasystems 37 079 775 4175 Assumes ec-14 The 0- -0.2% 274 754 929 250 1st secured debt 854 1,029 1,279 1,179 72 settlement & 1st secured debt equity Pro component -lien 35.7% 44
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