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
JULY 30, 2015 INVESTOR PRESENTATION SENSATA TECHNOLOGIES ACQUIRES CST SENSING PORTFOLIO
Slide 2: Forward-looking statements
Forward–looking statements 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 the projection
Slide 3: Sensata is a global leader in Sensing
Sensata is a global leader in Sensing • 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 environment • Differentiated design capabilities, scale and low–cost op
Slide 4: Sensata to acquire CST's 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 Sensing Solutions Capabilities: signif
Slide 5: CST extends Sensata beyond automotive
CST extends Sensata beyond automotive Revenue by end market 18% 3% 5% 10% 2% Combined 6% 23% $3.1B ADDITIONAL NON - AUTO REVENUE 4% in LTM Revenue 6% N.A. Automotive Europe Automotive Asia & ROW Automotive HVOR 3% 12% 17% Industrial Appliance and HVAC Aerospace Other SENSATA ACQUIRES CST SENSING POR
Slide 6: CST expands Sensing Solutions capabilities
CST expands Sensing Solutions capabilities INDUSTRIAL SENSING AEROSPACE SENSING Increases Opens aerospace industrial SAM $100M $80M sensing SAM of $85M $70M $1.0 billion $1.0 billion • CST brings leading speed and position • CST provides same OEMs with sensing positions: mission–critical: • Broad in
Slide 7: Acquisition aligns to Sensata's strategy
Acquisition aligns to Sensata’s strategy Steadily building position and pressure sensing Kavlico Position, BEI DeltaTech Highly accretive Expand HVOR position Leading technology areas Expands aerospace, industrial, Wabash Technologies precision agriculture, oil / gas Expand MSP position positions Ho
Slide 8: Acquisition creates significant value
Acquisition creates significant value Using familiar parts of our acquisition playbook 1 2 3 ATTRACTIVE REVENUE SIGNIFICANT BUSINESS SYNERGIES COST SYNERGIES Approximately 26% stand–alone Expand CST’s presence in Preliminary estimate of $15M in cost EBITDA margin with expected Asia; OEM cross–sellin
Slide 9: Non-GAAP Measures
Non–GAAP Measures 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 income before certain res
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