Timken Company (the) · NYSE:TKR
Timken Company (the) — Merger or Acquisition (July 2017)
6 slides from Timken Company (the)'s merger presentation, July 2017
Slide 1: Acquisition of ABC Bearings Limited
TIMKEN ~<a ay ™, Acquisition of ABC j Bearings Bearings Limited Stronger. By Design.
Slide 2: Disclaimer
Disclaimer Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of his
Slide 3: Introduction to ABC Bearings Limited
Introduction to ABC Bearings Limited Manufacturer of tapered, cylindrical and spherical roller bearings, and slewing rings Widely known in India for tapered roller bearings Serves OEMs and aftermarket customers in industries including commercial vehicle, agriculture and industrial segments E
Slide 4: Strategic Rationale
Strategic Rationale Aligns well with the Timken Business Model Open capacity to enable future growth in Furthers Timken’s leadership position in domestic and export markets tapered roller bearings Strong capabilities in cylindrical and Cost competitive manufacturing footprint spherical rol
Slide 5: Financial Summary
Financial Summary Transaction Highlights Synergy Drivers • Scheme of amalgamation requiring • Acceleration of tapered roller bearing growth shareholder, court and other approvals opportunities • ABC shareholders to receive a total of 7.22M • Industrial bearings capacity – shares of TIL in merger TRB
Slide 6: Next Steps
Next Steps Filing of the scheme with the relevant National Company Law Tribunals (“NCLTs”) in Maharashtra and Karnataka - NCLT convened shareholders & creditors meeting for approval of scheme - Filing shareholder resolutions with the NCLT & Registrar of Companies - Sanction of scheme by NCLT Sub