Dover Corporation · NYSE:DOV
Dover — Merger or Acquisition (September 2017)
11 slides from Dover's merger presentation, Sep 12, 2017
Slide 1: Wellsite Separation
Wellsite Separation September 12, 2017 Exhibit 99.1
Slide 2: Forward Looking Statements
2 Forward Looking Statements This slide presentation may contain "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to the potential separation of our upstream energy businesses
Slide 3: Summary of Today's Press Release
3 Summary of Today’s Press Release Completed a strategic review of our portfolio Evaluating strategic alternatives for the separation of Dover’s upstream energy businesses (together referred to as “Wellsite”) - Wellsite includes Dover Artificial Lift, Dover Energy Automation and US Synthetic R
Slide 4: Wellsite: Artificial Lift, Automation and Drill Bit Inserts Overview and Financial Highlights
4 Wellsite: Artificial Lift, Automation and Drill Bit Inserts Overview and Key Brands Financial Highlights Dover Artificial Lift (62% of 2017E Wellsite Revenue) Dover Energy Automation (16% of 2017E Wellsite Revenue) US Synthetic (22% of 2017E Wellsite Revenue) $753 $876 $1,016 2016A LTM 2017E $140
Slide 5: Our Evolution Over Past Years
5 Our Evolution Over Past 10 Years Executed value-creating portfolio strategy, including strategic M&A as well as non-core divestitures Made organic investments to improve value-proposition for our customers through new product innovations Implemented significant operational improvements and e
Slide 6: Our Focus on Long-Term Value Creation
6 Our Focus on Long-Term Value Creation 6 Build platforms in attractive markets with consistent growth Drive margin and cash flow utilizing Dover business system processes Provide larger set of products and solutions to customers on a global basis Invest to grow through organic and inorganic actions
Slide 7: Dover Core Businesses - Positioned for Growth & Margin Expansion
7 Marking & Coding Digital Printing Vehicle Services Solid Waste Processing Dover Core Businesses - Positioned for Growth & Margin Expansion (1) Represents three-year projections from year-end 2016, as previously stated by the Company in the June Investor Day. (2) For presentation purposes o
Slide 8: Core Growth Platforms Over Time
8 Core Growth Platforms Over Time 8 2010 – 2017E Annual Organic Revenue Growth 4.5% average historical organic growth Without Wellsite, Dover has same strong organic growth but with lower volatility Dover core platforms serve end markets with attractive and predictable growth trends Average Lo
Slide 9: Summary and Recap
9 Summary and Recap Exploring a full range of alternatives including a tax-free spin-off, sale or other strategic combination Expect to complete assessment of separation alternatives for Wellsite by the end of the year Strong focus on separation transaction that drives the best long-term resul
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Slide 11: Appendix: Reconciliation of Wellsite Financials to Dover Energy Segment
11 Appendix: Reconciliation of Wellsite Financials to Dover Energy Segment (1) Includes Bearings and Compression and TWG businesses currently reported within the Energy segment (2) Includes segment eliminations, segment overhead expenses and acquisition-related amortization expenses, as applicable (