Ttm Technologies, Inc. · NASDAQ:TTMI
Ttm Technologies — Merger or Acquisition (April 2022)
11 slides from Ttm Technologies's merger presentation, Apr 18, 2022
Slide 1: TTM Technologies, Inc. Announces Acquisition of Telephonics Corporation
TTM Technologies, Inc. Announces Acquisition of Telephonics Corporation Investor Presentation 4/18/2022 Exhibit 99.2
Slide 2: Disclaimers: Forward-Looking Statements
Disclaimers Forward-Looking Statements This communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, Inc. (“TTM
Slide 3: TTM to Acquire Telephonics Overview
Complementary portfolio and skills expected to enhance TTM’s strategic capabilities and growth opportunities in Aerospace & Defense Anticipate significant benefits to our customers driven by accelerated innovation, new capabilities, and enhanced manufacturing discipline Expands RF/Microwave product
Slide 4: Transaction Highlights
Transaction consideration $330M purchase price for 100% of the equity of Telephonics Corporation, on a cash-free, debt-free basis subject to working capital adjustment at closing 100% cash consideration, financed with cash on hand Represents forward multiple of approximately 9x adjusted EBITDA of Te
Slide 5: Strategic Rationale
Complementary capabilities build upon previous acquisition of Anaren with addition of RF-based integrated systems for key defense mission areas Continues TTM’s journey to become a larger provider of custom designed solutions and highly-engineered products Projected to increase TTM’s A&D end-market e
Slide 6: Telephonics Overview
Telephonics Overview Leading designer and manufacturer of defense electronics for maritime surveillance and other critical missions Strong installed base of integrated systems across diverse range of platforms and customers Product and technology roadmaps focused on next-gen platforms as well as exi
Slide 7: Programs and Customers
Complementary Programs and Customers Key TTM Defense Programs F-35 JSF Key Telephonics Defense Programs UH-60 Blackhawk MH-60 Romeo P-8 LTAMDS AN/SPY-6 Key TTM Defense Customers Key Telephonics Defense Customers
Slide 8: Creating a Comprehensive, Vertically Integrated Solutions Provider
Complementary Capabilities TTM Technologies Telephonics Tier 1 & Tier 2 integrated RF/MW systems Tier 3 & tier 4 RF/MW components & assemblies PCBs and PCBAs Custom Integrated Circuit Design Microelectronics Manufacture / Assembly Platform integration / aftermarket support Systems integration & soft
Slide 9: Significant Shareholder Value Creation Potential
Significant Shareholder Value Creation Potential Revenue Synergies New business opportunities RF/Microwave integrated subsystems and complex assemblies Radar, electronic warfare, surveillance, communications, and space mission segments Cost Savings Estimated to achieve $12M run-rate by end of 2024 C
Slide 10: Key Takeaways
Strengthens TTM’s differentiated position in attractive A&D market Complements existing RF and microwave business and enhances TTM’s A&D overall product offering through integrated system solutions Meaningful value creation opportunity driven by strategic fit and synergies Transaction expected to be
Slide 11: TTM Technologies. Inspiring Innovation
T™ Technologies. Inspiring Innovation End
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