The Goodyear Tire & Rubber Company · NASDAQ:GT
The Goodyear Tire & Rubber — Merger or Acquisition (June 2015)
9 slides from The Goodyear Tire & Rubber's merger presentation, Jun 5, 2015
Slide 1: Dissolution of Global Alliance Conference Call
Dissolution of Global Alliance Conference Call June 5, 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain information contained in this presentation constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect o
Slide 3: Overview: Framework Agreement
Overview Framework Agreement • Binding agreement executed June 4, 2015 with Sumitomo Rubber Industries (SRI) on dissolution of global alliance - Goodyear will acquire: • SRI’s 25% interest in Goodyear Dunlop Tires Europe • SRI’s 75% interest in Nippon Goodyear (Japan) - SRI will acquire: • Goodyear’
Slide 4: Full Year Financial Expectations
Full Year Financial Expectations • On a full year basis, we expect: - Increased consumer unit volumes of about 3 million units, driven by acquisition of Japan-based Nippon Goodyear - Increase in adjusted net income of $40 to $50 million • Driven by elimination of minority interest in Goodyear Dunlop
Slide 5: North America
North America Goodyear SRI • Retains exclusive rights to the • Acquires Goodyear’s 75% interest in Dunlop tire brand in the following Goodyear Dunlop Tires North America areas: - Full ownership of Tonawanda, - Consumer and commercial NY tire plant replacement channels - Ownership of the motorcycle -
Slide 6: Europe, Middle East & Africa
Europe, Middle East & Africa Goodyear SRI • Acquires SRI’s 25% interest in • Obtains exclusive rights to the Goodyear Dunlop Tires Europe Dunlop tire brand in areas including: • Retains exclusive rights to sell - Limited areas of Eastern Dunlop-brand tires in European Europe (e.g., Russia and countr
Slide 7: Asia Pacific
Asia Pacific Goodyear SRI • Acquires SRI’s 75% interest in • Acquires Goodyear’s 25% interest in Nippon Goodyear (Japan) Dunlop Goodyear Tires (Japan) • Committed to serving Japanese OE - Will continue to have exclusive and replacement customers with rights to sell Dunlop-brand top-quality Goodyear-
Slide 8: Summary
Summary • Successful resolution positive for Goodyear – enhances flexibility as we increase focus on growth in our core businesses • SRI and Goodyear are committed to ensuring seamless transition for all customers and consumers • Expected closing in Q4 2015 - Transaction subject to customary closing
Slide 9: Slide 9
The Goodyear Tire & Rubber Company — Merger or Acquisition (June 2015) on 6ix