Trimble Inc. · NASDAQ:TRMB
Trimble — Merger or Acquisition (April 2018)
17 slides from Trimble's merger presentation, Apr 24, 2018
Slide 1: Trimble to Acquire Viewpoint
Creates the industry’s most complete construction management solution INVESTOR PRESENTATION, APRIL 23, 2018 Trimble to Acquire Viewpoint Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the pla
Slide 3: Viewpoint is a Compelling Transaction for Our Stakeholders
Viewpoint is a Compelling Transaction for Our Stakeholders Industry is ready for transformation Enabling technologies are poised to accelerate digitization of construction Delivers shareholder value – strong cash flow generation, accelerating growth in SaaS and software revenues and opportunity for
Slide 4: Deal Metrics & Timeline
Deal Metrics & Timeline Financial Profile Transaction Summary All cash purchase price of $1.2B Funding to include cash-on-hand and debt Fully committed bridge financing Expect to maintain investment grade rating Trimble cash flow generation expected to remain strong Commitment to limit additional ac
Slide 5: Viewpoint Company Overview and Key Business Highlights
1 Excludes the impact of fair value accounting of Viewpoint’s deferred revenue.; 2 Reflects addressable market; 3 Source: Viewpoint internal construction volume analysis.; 4 Dollar retention on North American office solutions (Vista and Spectrum). Represents increased revenue from customer upsells a
Slide 6: Viewpoint Enables Construction Productivity through Office, Team, and Field Integration
Viewpoint Enables Construction Productivity through Office, Team, and Field Integration vs. Distributed & Complex Workflows Create Inefficiencies, Resulting in Project Delays Lack of Collaboration Between Contractor, Project Team, and Job Site Disparate, Manual Processes and Workflows Prone to Signi
Slide 7: Creating Industry's Most Complete Construction Management Solution
Creating Industry’s Most Complete Construction Management Solution Trimble + Viewpoint: Poised to Lead Industry Transformation through Connected Construction Post-acquisition, combined >$1B annual revenue from construction technology, with greater than 60% of revenue software related Leading domain
Slide 8: The Construction Industry is Ripe for Transformation
The Construction Industry is Ripe for Transformation For buildings, 20% of the total cost is incurred during construction and 80% is incurred outside of construction For road projects, ≈50% (20% earthworks and 30% paving) is incurred during construction and ≈50% is incurred outside of construction I
Slide 9: Expansion of An Attractive Addressable Market in the Global Construction Industry
Expansion of An Attractive Addressable Market in the >$3 trillion Global Construction Industry1 1Source: IHS. Note: $3 trillion represents relevant Trimble end markets in the $10 trillion global construction industry, excludes industrial and residential construction. 2Source: Company estimates. 3Sou
Slide 10: Trimble's Strategy is to Integrate Workflows & Stakeholders Across the Construction Continuum
Trimble’s Strategy is to Integrate Workflows & Stakeholders Across the Construction Continuum to Deliver System Productivity ... to deliver breakthrough value Trimble solutions cover the construction continuum… ... serving key stakeholders… Connect owners & contractors Connect office & field workflo
Slide 11: Customers will Benefit from a Combined Trimble + e-Builder + Viewpoint Solution
Customers will Benefit from a Combined Trimble + e-Builder + Viewpoint Solution Trimble Can Connect: Physical & digital worlds Construction supply chain from owner to general contractor to specialty contractor Automate payments & progress measurement from owner to GC to operator paycheck 10,000+ Con
Slide 12: Customer Benefit Example: HVAC Specialty Contractor (1 of 2)
Customer Benefit Example of a Combined Trimble + e-Builder + Viewpoint Capabilities (1 of 2) Improved Project Controls for an HVAC Specialty Contractor Accurate HVAC layout work order from constructible model HVAC constructible model + budget + schedule drives daily work orders Owner General Contrac
Slide 13: Customer Benefit Example: Earthworks Contractor (2 of 2)
Customer Benefit Example of a Combined Trimble + e-Builder + Viewpoint Capabilities (2 of 2) Improved Project Controls for an Earthworks Contractor Site layout for accurate installation Site prep earthworks with machine control automation + real time earthworks volume tracking against the constructi
Slide 14: Combined Offering Would be Competitively Unique and Differentiated
Combined Offering Would be Competitively Unique and Differentiated Through the Integration of Hardware and Software, as Well as Office and Field Workflows Representative Peers Trimble Differentiation Design & Construction Documentation Project Management & Document Management Equipment OEMs With Vie
Slide 15: Acquisitions Established the Growth Platform; Organic Growth Post Acquisition
Acquisitions Established the Growth Platform; Organic Growth Post Acquisition Fleet management: Transportation management: Routing/mapping/navigation: + additional tuck-in acquisitions + organic growth Steel/concrete trades: Architecture & Design: MEP Software: + additional tuck-in acquisitions + or
Slide 16: Non-GAAP financial measures
To help investors understand Trimble’s past financial performance and future results, as well as its performance relative to competitors, Trimble supplements the financial results that the company provides in accordance with generally accepted accounting principles, or GAAP, with non-GAAP financial
Slide 17: Trimble. Q&A
Trimble. Q&A =>