Borgwarner Inc. · NYSE:BWA
Borgwarner — Merger or Acquisition (August 2022)
7 slides from Borgwarner's merger presentation, August 2022
Slide 1: BorgWarner Acquires Rhombus Energy Solutions
August 2022 BorgWarner Acquires Rhombus Energy Solutions
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain forward-looking statements as contemplated by the 1995 Private Securities Litigation Reform Act that are based on management’s current outlook, expectations, estimates and projections. Words such as “anticipates,” “believes,” “continues,” “cou
Slide 3: Acquisition of Rhombus Energy Solutions Expands EV Growth Opportunities
Acquisition of Rhombus Energy Solutions Expands EV Growth Opportunities BorgWarner to accelerate the charging business, leveraging the local knowledge and footprint of Rhombus Energy Solutions and BorgWarner’s pre-existing business ▪ Focuses on high-value DC fast-charging (DCFC) Estimated Revenue ($
Slide 4: Rhombus Energy Solutions Overview
Rhombus Energy Solutions Overview Company Snapshot Key Products Rhombus Energy Solutions offers broad portfolio of Underwriters Laboratory (UL)- certified DCFC charging solutions, including Vehicle-to-Grid (V2G) capabilities. Target markets include depots for electric buses and trucks, with a focus
Slide 5: DC Fast Charger
Complimentary Product Functionality & Markets Served Available Under Development Product Portfolio Market Segment Focus Rhombus Energy Rhombus Energy BorgWarner BorgWarner Solutions Solutions Power Rating EU (100%) NA (100%) Segment EU (100%) NA (100%) 500 kW DC Fast Charger Passenger Car 150 to 350
Slide 6: Market and Rationale
Market and Rationale Consumer demand, government incentives, and technology inflection points create a strong market for investment Global DC Charger1 Market (HW only) By Region (in $billions) 17.9 Path Forward: Strategic Rationale 2.5 ▪ Addresses high-growth market with 6.1 ~23% CAGR high-value pro
Slide 7: Transaction Summary
Transaction Summary ▪ BorgWarner and Rhombus Energy Solutions, Inc. signed a Merger Agreement pursuant to which BorgWarner has acquired Rhombus Energy Solutions, Inc. ▪ Transaction has an enterprise value of up to $185 million ▪ Approximately $130 million was delivered at closing ▪ Up to $55 million