Allison Transmission Holdings, Inc. · NYSE:ALSN
Allison Transmission — J.P. Morgan Diversified Industries Conference 2012
13 slides from Allison Transmission's conference presentation, Jun 4, 2012
Slide 1: J.P. Morgan Diversified Industries Conference
Exhibit 99.2 J.P. Morgan Diversified Industries Conference June 5, 2012 Lawrence Dewey, Chairman, President & Chief Executive Officer 0 David Graziosi, Executive Vice President & Chief Financial Officer
Slide 2: Safe Harbor Statement
Safe Harbor Statement The following information contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). Most forward-looking statements contain words that identify them as forward-looking, such as “may”, “plan”, “
Slide 3: Allison Transmission at a Glance
Allison Transmission at a Glance World’s largest manufacturer of fully- automatic transmissions for medium- LTM (1) Net Sales by End Market and heavy-duty commercial vehicles Parts, – 62% global market share of fully-automatic Support transmissions Equipment and Other – Virtually no exposure to Clas
Slide 4: Allison Key Financial Highlights
Allison Key Financial Highlights Strong Financial Profile(2) ($ in millions) $766 $712 $617 $544 $501 32.9% 34.1% 32.0% 26.4% 28.4% 16.4% 17.2% 17.5% 9.4% 8.0% 14.2% 14.1% 15.1% 4.5% 2.8% 2008 2009 2010 2011 LTM (1) Adj. EBITDA Adj. EBITDA Margin Adj. NI Margin Free Cash Flow (% of Net Sales) Strong
Slide 5: Allison Is a Premier Industrial Asset
Allison Is a Premier Industrial Asset Global Market Leader Premier Brand and End User Value Proposition Technology Leadership - The Allison Advantage Diverse End Markets with Long-Standing OEM Customer Relationships Improved Margins and Low Capex Drive Strong Cash Flow Generation Experienced Managem
Slide 6: Global Market Leader
Global Market Leader Global On-Highway Fully-Automatic Share (1) North American Market Share (1) Allison’s Core Addressable Market Expansion Market Other (2) ~38% 100% 20% Substantially 32% 46% All 58% 96% 80% 68% Allison 54% 42% ~62% 4% School Bus Motorhome Class 6-7 Truck Class 8 Hybrid Bus Class
Slide 7: End Market & Vocation Overview
End Market & Vocation Overview Global On-Highway Global Off-Highway North America Hybrid Transit Bus Sample Vocations Select End Users Distribution Emergency Select End Users Select End Users Vehicle Motorhome Parts, Support Equipment and Rugged Duty Military Other School Bus / Shuttle Bus Select En
Slide 8: Multiple Organic Growth Opportunities
Multiple Organic Growth Opportunities Benefit from Developed Markets Recovery Increase Penetration of Fully Automatic Transmissions Accelerate Adoption in Emerging Markets Capitalize on Rising Demand for Energy and Commodities Continue New Technology and Product Development Increase Share in Underse
Slide 9: Strategic Priorities
Strategic Priorities Expand global market leadership – Capitalize on continued market recovery – New vocational offerings Emerging markets penetration – Vocational ladder strategy – Increase number of vehicle releases Continued focus on new technologies and product development – Address markets adja
Slide 10: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information 9
Slide 11: Non-GAAP Financial Information
Non-GAAP Financial Information We use Adjusted net income, Adjusted EBITDA, Adjusted EBITDA margin, adjusted free cash flow and free cash flow to evaluate our performance relative to that of our peers. In addition, the Senior Secured Credit Facility has certain covenants that incorporate Adjusted EB
Slide 12: Non-GAAP Reconciliations (1 of 2)
Non-GAAP Reconciliations (1 of 2) Adjusted Net Income and Adjusted EBITDA Reconciliation Last twelve Three months ended months ended $ in millions For the year ended December 31, March 31, March 31, 2008 2009 2010 2011 2011 2012 2012 Net (Loss) Income ($328.1) ($323.9) $29.6 $103.0 $36.9 $58.0 $124.
Slide 13: Non-GAAP Reconciliations (2 of 2)
Non-GAAP Reconciliations (2 of 2) Adjusted Free Cash Flow Three months Last twelve ended months ended $ in millions For the year ended December 31, March 31, March 31, 2008 2009 2010 2011 2011 2012 2012 Net Cash Provided by Operating Activities $268.1 $168.7 $388.9 $469.2 $109.9 $139.6 $498.9 (Deduc
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