Timken Company (the) · NYSE:TKR
Timken Company (the) — Q1 2025 Earnings Presentation
28 slides from Timken Company (the)'s earnings presentation, Apr 30, 2025
Slide 1: 1Q 2025 Earnings Investor Presentation
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Earnings Investor Presentation April 30, 2025 The Timken Company
Slide 2: Agenda
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Agenda 2 Neil Frohnapple Introduction Vice President of Investor Relations Overview and Rich Kyle Business Update P
Slide 3: Forward-Looking Statements Safe Harbor and Non-GAAP Financial Information
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 3 Forward-Looking Statements Safe Harbor and Non-GAAP Financial Information Certain statements in this presentation
Slide 4: Overview and Business Update
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Overview and Business Update Rich Kyle President and Chief Executive Officer The Timken Company
Slide 5: 1Q 2025 Performance Highlights
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Performance Highlights 5 Sales of $1.14 billion in 1Q-25, down 4.2% from last year ▪ Revenue down 3.1% orga
Slide 6: Organic Growth Outlook – FY 2025 By Market/Sector
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Organic Growth Outlook – FY 2025 By Market/Sector 6 (Market/Sector Placement Reflects Midpoint of Guidance) NEGATIV
Slide 7: 2025 Outlook
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 2025 Outlook 7 Prior Outlook Current Outlook (Feb. 5, 2025) (Apr. 30, 2025) Current Outlook: Full-Year 2025 vs. 202
Slide 8: Update on Cost Actions and Strategic Initiatives
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Update on Cost Actions and Strategic Initiatives 8 Cost Actions: ▪ Adjusting headcount and variable costs to align
Slide 9: Looking Ahead
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Looking Ahead 9 Focused on delivering resilient performance in 2025 ▪ Maintaining a cautious view on the outlook to
Slide 10: Financial Performance
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Financial Performance Phil Fracassa Executive Vice President and Chief Financial Officer The Timken Company
Slide 11: 1Q 2025 Financial Overview
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Financial Overview 11 Net Sales ($M) Adjusted EBITDA ($M) Earnings Per Share REPORTED (GAAP) ADJUSTED $1,19
Slide 12: 1Q 2025 Financial Highlights - Sales
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Financial Highlights - Sales 12 1Q-25 vs. 1Q-24 Sales by Geography – ORGANIC (Excludes Acquisitions and Cur
Slide 13: 1Q 2025 Financial Comparison – Adjusted EBITDA
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Financial Comparison – Adjusted EBITDA 13 $246 ($5) ($20) ($3) ($10) $3 ($2) ($5) $4 $208 Pricing up 20.7%
Slide 14: 1Q 2025 Financial Comparison – Net Income & Diluted EPS
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Financial Comparison – Net Income & Diluted EPS 14 1Q-24 1Q-25 $M EPS $M EPS Net Income / EPS $103.5 $1.46
Slide 15: 1Q 2025 Segment Performance – Engineered Bearings
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Segment Performance 15 Engineered Bearings Net Sales ($M) $803 Q1 Organic Sales by Market/Sector $761 Sales
Slide 16: 1Q 2025 Segment Performance – Industrial Motion
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 1Q 2025 Segment Performance 16 Industrial Motion Net Sales ($M) $388 Q1 Organic Sales by Platform $380 Sales of $38
Slide 17: Cash Flow, Leverage & Capital Allocation
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Cash Flow, Leverage & Capital Allocation 17 Capital Structure ($M) ($M) 1Q-24 1Q-25 12/31/24 03/31/25 Cash $ 373 $
Slide 18: 2025 Outlook
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 2025 Outlook 18 Prior Outlook Current Outlook (Feb. 5, 2025) (Apr. 30, 2025) Current Outlook: Full-Year 2025 vs. 20
Slide 19: Tariffs and Estimated Impact on Timken
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Tariffs and Estimated Impact on Timken 19 Overview Estimated impact on 2025 Results ▪ Timken is a U.S.-based global
Slide 20: 2025 Adj. EPS Outlook Bridge
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason 2025 Adj. EPS Outlook Bridge 20 (Based on Midpoint of Guidance Ranges) $5.55 ~($0.15) $0.15 ~($0.25) ~$0.05 $5.35 R
Slide 21: Appendix: GAAP Reconciliations
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Appendix: GAAP Reconciliations The Timken Company
Slide 22: Supplemental Information: EBITDA Adjustments and D&A by Segment
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason Supplemental Information: EBITDA Adjustments and Depreciation & 22 Amortization by Segment (Unaudited) (Dollars in
Slide 23: GAAP Reconciliation: Net Income & EPS
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: Net Income & EPS 23 Reconciliations of Adjusted Net Income to GAAP Net Income and Adjusted Ear
Slide 24: GAAP Reconciliation: EBITDA and EBITDA, After Adjustments to GAAP Net Income
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: EBITDA and EBITDA, After Adjustments to GAAP Net 24 Income Reconciliation of EBITDA to GAAP Ne
Slide 25: GAAP Reconciliation: Consolidated EBITDA
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: Consolidated EBITDA 25 Reconciliation of EBITDA and EBITDA, After Adjustments, to GAAP Net Inc
Slide 26: GAAP Reconciliation: Net Debt & Free Cash Flow
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: Net Debt & Free Cash Flow 26 Reconciliation of Total Debt to Net Debt, the Ratio of Net Debt t
Slide 27: GAAP Reconciliation: Adjusted EPS and Free Cash Flow Outlook
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: Adjusted EPS and Free Cash Flow Outlook 27 Reconciliation of Adjusted Earnings per Share to GA
Slide 28: GAAP Reconciliation: Net Sales to Organic Sales
These materials were presented on Apr. 30, 2025 and have not been confirmed or updated. The Company disclaims any obligation to do so based on subsequent events or for any other reason GAAP Reconciliation: Net Sales to Organic Sales 28 Reconciliation of Net Sales to Organic Sales (Unaudited) The fol