Stratasys, Ltd. · NASDAQ:SSYS
Stratasys — Merger or Acquisition (April 2014)
15 slides from Stratasys's merger presentation, Apr 2, 2014
Slide 1: Stratasys to Acquire Solid Concepts and Harvest Technologies Investor Conference Call
Stratasys to Acquire Solid Concepts and Harvest Technologies Investor Conference Call
Slide 2: Forward Looking Statement
Forward Looking Statement Certain information included or incorporated by reference in this presentation may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Secu
Slide 3: Creating a Leading Strategic Platform Focused on Meeting Customers' Additive Manufacturing Needs
Solid Concepts, Harvest Technologies & RedEye: Creating a Leading Strategic Platform Focused on Meeting Customers’ Additive Manufacturing Needs Provides Stratasys with Significant Additive Manufacturing and End-Use Parts Production Capabilities, Infrastructure, Capacity and Process Knowhow
Slide 4: Services: Large and Growing Opportunity
Services: Large and Growing Opportunity Source: Wohlers 2013 Primary services– includes parts produced directly on additive manufacturing systems by service providers Secondary services– includes tooling (molds, dies, etc.) produced from AM patterns, tooling produced directly using additive manufact
Slide 5: Diverse Set of Technologies and Services
Diverse Set of Technologies and Services Technology Powder Binding Phase PolyJet SLA FDM SLS DMLS (Metal AM) CNC Cast Urethanes (silicon mold) Tooling & Injection Molding Die Casting Concepts Design / Engineering Prototype Low Volume Production Mass Production
Slide 6: Highlights of the Compelling Transactions Terms
Highlights of the Compelling Transactions Terms Stratasys to acquire Solid Concepts for total consideration of up to $295 million $172 million on closing (or, if settled in cash, part on closing and part six months after closing), deferred payments of $60 million and up to $63 million in retention-r
Slide 7: Strong Strategic Fit Creates Leading Strategic Platform
Strong Strategic Fit Creates Leading Strategic Platform Provides Stratasys with ability to offer customers a more comprehensive solution based on multiple technologies that address a broad spectrum of additive manufacturing needs Strengthens Stratasys’ direct digital manufacturing & end use parts pr
Slide 8: Acquisitions Support Our Strategic Imperatives
Acquisitions Support Our Strategic Imperatives Lead in Prototyping Introduce Niche Vertical Applications Expand the Direct Digital Manufacturing (DDM) Business Accelerate New Solutions to the Market Improve 3D Printing Accessibility Improve Customer Intimacy
Slide 9: Solid Concepts Business Snapshot
Solid Concepts Business Snapshot Founded: 1991 HQ: Valencia, CA Employees: ~450 Customers: 5,000+ Sales: Largest direct sales force in the industry Applications: Vertical specialization in medical and aerospace Facilities: 6 facilities in the US; 1 partnership in Shenzhen China (injection molding to
Slide 10: Harvest Technologies Business Snapshot
Founded: 1995 HQ: Belton, TX Employees: ~80 Customers: ~1,000 Applications: Diverse verticals with expertise in aerospace Facilities: One high-tech 40,000 sq. ft facility Harvest Technologies Business Snapshot * Based on 2013 Figures Harvest Technologies Highlights Service Offering* Key Industries S
Slide 11: Solid Concepts & Harvest Technologies Cross Selling Synergies
Solid Concepts & Harvest Technologies Cross Selling Synergies Parts Sell 3D Printers 3D Printers Sell Parts Establish a Fulfillment Platform for Expanding EUP Strategy Operate as a Growing, Profitable Business Unit Within SSYS
Slide 12: Organizational Structure
Organizational Structure Combined organization led by Joe Allison, President of Solid Concepts, with support of the strong management teams of Solid Concepts, Harvest Technologies and RedEye
Slide 13: Roadmap to Completion
Roadmap to Completion Clear path to completion Transaction subject to customary closing conditions Transactions expected to close early in the upcoming third quarter
Slide 14: Transactions Enhance Shareholder Value
Transactions Enhance Shareholder Value Creates Leading Strategic Platform Enables Stratasys to Leverage Significant Additive Manufacturing Services Experience Creates Opportunity For Cross-selling Synergies Compelling Financial Benefits
Slide 15: We are Stratasys
We are Stratasys We shape lives by revolutionizing the way things are made We are innovation We are fearless leaders We are customer driven Our quality matters Our people make the difference