Slide 1: Special Update PPG Sale
August 2023 Special Update PPG Sale August 15, 2023
Slide 2: Statement Regarding Forward-Looking Information
Statement Regarding Forward-Looking Information This presentation contains forward-looking information within the meaning of applicable securities laws. Words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "predict", "estimate" or similar terminology are used to identify
Slide 3: Highlights of Definitive Agreement for Sale of Pipe Coating Business
Highlights of Definitive Agreement for Sale of Pipe Coating Business Mattr has entered into a definitive agreement to sell a Pipeline Performance Group (PPG) substantial part of its pipe coating business to: The perimeter includes wholly owned operations in: Tenaris S.A. Canada US Several mo
Slide 4: Anticipated Timeline
Anticipated Timeline The transaction is Anticipated Timeline of Transaction versus SGP* Project expected to be completed within 2023 2024 approximately 6 months, Q2 Q3 Q4 Q1 Q2 subject to customary closing conditions SGP Pipe SGP Pipe Coating Coating including regulatory Activity Complete approvals.
Slide 5: Financial Accounting Treatment
Financial Accounting Treatment This agreement will change how the PPS segment is accounted for in quarterly earnings materials: Q2 - 2023 Q3 - 2023 Composite Technologies Composite Technologies ~$8M in Corporate Costs re-allocated Connection Technologies to continuing operations Connection Technolog
Slide 6: Strategic Review Value Creation and Capital Allocation
Strategic Review Value Creation and Capital Allocation Proceeds from pending sales Maintaining disciplined $235M including PPG perimeter and other pipe coating actions capital allocation approach with “all of the above” strategy $207M Proceeds already realized from strategic actions completed Net-de
Slide 7: A Global Materials Technology Company Positioned for Growth
A Global Materials Technology Abundant growth Company Positioned for Growth opportunities and established customer base comprised of investment grade counterparts High-quality customers with low concentration and healthy backlog in all segments Portfolio simplification & evolution prioritizing Globa
Slide 8: Thank you.
@ = Thank you. Infrastructure Technologies