Sensata Technologies Holding Plc · NYSE:ST
Sensata Technologies — Merger or Acquisition (July 2015)
9 slides from Sensata Technologies's merger presentation, Jul 30, 2015
Slide 1: Sensata Technologies Acquires CST Sensing Portfolio
INVESTOR PRESENTATION SENSATA TECHNOLOGIES ACQUIRES CST SENSING PORTFOLIO JULY 30, 2015
Slide 2: Forward-looking statements
SENSATA ACQUIRES CST SENSING PORTFOLIO This presentation contains certain forward–looking statements that involve risks or uncertainties. For example, statements regarding financial guidance and product development goals are forward–looking. The Company’s future results may differ materially from th
Slide 3: Sensata is a global leader in Sensing
SENSATA ACQUIRES CST SENSING PORTFOLIO 59% 7% 12% 22% Double the size of our business between 2012 and 2017 • Leading independent supplier of mission–critical sensors • Leading market position within $18B of served markets • Faster-than-market organic revenue growth enabled by favorable regulatory e
Slide 4: Sensata to acquire CST's sensing portfolio
SENSATA ACQUIRES CST SENSING PORTFOLIO Sensata to acquire CST’s sensing portfolio • Profitable, cash generative business: approximately 26% EBITDA margins, equivalent to Sensata core • Extends sensing content beyond automotive end-market into aerospace, industrial, HVOR, medical and energy • Expands
Slide 5: CST extends Sensata beyond automotive
SENSATA ACQUIRES CST SENSING PORTFOLIO 5 N.A. Automotive Europe Automotive Asia & ROW Automotive HVOR Industrial Appliance and HVAC Aerospace Other CST extends Sensata beyond automotive Revenue by end market Combined $3.1B in LTM Revenue 18% 6% 23% 17% 12% 6% 5% 2% 3% 4% 3% 10% ADDITIONAL NON - AUTO
Slide 6: CST expands Sensing Solutions capabilities
SENSATA ACQUIRES CST SENSING PORTFOLIO CST expands Sensing Solutions capabilities 6 INDUSTRIAL SENSING AEROSPACE SENSING Increases industrial SAM $1.0 billion $100M $80M Opens aerospace sensing SAM of $1.0 billion $85M $70M • CST provides same OEMs with mission–critical: • Position sensing • Pressur
Slide 7: Acquisition aligns to Sensata's strategy
SENSATA ACQUIRES CST SENSING PORTFOLIO Acquisition aligns to Sensata’s strategy Steadily building position and pressure sensing Schrader Leader in low-pressure TPMS Honeywell’s AoB Initial MSP position Wabash Technologies Expand MSP position Sensata Technologies 25 years of pressure sensing expertis
Slide 8: Acquisition creates significant value
SENSATA ACQUIRES CST SENSING PORTFOLIO Acquisition creates significant value Using familiar parts of our acquisition playbook 8 Approximately 26% stand–alone EBITDA margin with expected significant cash generation capabilities BREAK EVEN DURING FIRST YEAR Over $0.30 of accretion within 5 years; $0.
Slide 9: Non-GAAP financial measures
SENSATA ACQUIRES CST SENSING PORTFOLIO This presentation includes references to Adjusted net income, Adjusted EBITDA, Net debt, Net leverage ratio and free cash flow. Adjusted net income and Adjusted EBITDA are non-GAAP financial measures. The Company defines Adjusted net income as follows: Net inco
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