Mks Inc. · NASDAQ:MKSI
Mks — MKS Instruments — Merger or Acquisition (February 2021)
14 slides from Mks's merger presentation, Feb 17, 2021
Slide 1: The Case for MKS + Coherent
The Case for MKS + Coherent Accelerating the Adoption of Laser-Based Manufacturing February 17, 2021 Exhibit 99.1
Slide 2: Safe Harbor For Forward-Looking Statements
Safe Harbor For Forward-Looking Statements Statements in this document regarding the proposed transaction between MKS and Coherent, future financial and operating results, benefits and synergies of the transaction, financing for the transaction, future opportunities for the combined company and any
Slide 3: Strategic Rationale
Strategic Rationale Early innings of shift to laser-based manufacturing MKS saw the trends of complexity and miniaturization beginning 20 years ago We executed in Semiconductor, and foresaw same trends coming to Advanced Markets Photonics is a critical enabler of laser-based manufacturing across app
Slide 4: Stage is Set for Broad Adoption of Laser-Based Manufacturing
Stage is Set for Broad Adoption of Laser-Based Manufacturing Trends we saw in Semiconductor 20 years ago are driving adoption of laser-based manufacturing 2000 - 2010 Advanced Devices Large electronic components, less processing power, bulky design Mechanical Manufacturing Processes 2010 - 2020 Smar
Slide 5: Photonics Is Becoming Ubiquitous Across Applications
Photonics Is Becoming Ubiquitous Across Applications EV Battery Welding & Foil Cutting Laser Surgery (Opthalmic) PCB Via Drilling Semiconductor Lithography & Inspection Neuroscience Imaging Display Manufacturing Solar Panel Processing Defense Enabling Critical Technologies That Transform The World
Slide 6: Bringing Together Broad Expertise to Solve Customer Problems
Bringing Together Broad Expertise to Solve Customer Problems Display Semiconductor Laser-Based Manufacturing MKS Critical Wet Cleaning Deposition and Encapsulation Chamber Cleaning Vacuum Process Leadership Optical Subsystems for Lithography and Metrology PCB Laser Drilling Solar Processing Laser Be
Slide 7: The Best Fit for All Stakeholders
Customers R&D scale to accelerate solutions that drive adoption of laser-based manufacturing Deep customer intimacy across array of markets We pride ourselves on solving our customers’ most complex challenges Commitment to collaborative innovation – MKS “OCTO” empowers subject-level experts Sharehol
Slide 8: Track Record of Cost Synergies and Margin Expansion
Track Record of Cost Synergies and Margin Expansion Newport Acquisition - April 2016 $946M net acquisition price Delivered $38M of synergies within 17 months after acquisition (faster and above targets) Established foundation for growth of Advanced Markets segment $1,019M net acquisition price Deliv
Slide 9: Consistent Track Record of De-leveraging
Consistent Track Record of De-leveraging 55% Reduction Post Newport 16% Reduction Post ESI
Slide 10: Sound Path to Regulatory Approval
Sound Path to Regulatory Approval We have considered this transaction carefully for 12 months We know the regulatory landscape well Completed >20 deals in the past two decades China approval for ESI in 2 months Limited overlap in competitive markets Technologies and products primarily complementary
Slide 11: Tale of the Tape
“Tale of the Tape” Market Outperformance Limited Huawei/ZTE Exposure Strategic Fit 12-Month Accretion Cultural Fit Ability to De-Lever Quickly MKS Lumentum II-VI MKS Equity Offers Superior Value—Today and For the Long Term
Slide 12: Appendix: Schedule Reconciling Selected Non-GAAP Financial Measures
Appendix: Schedule Reconciling Selected Non-GAAP Financial Measures The Light & Motion (“L&M”) segment was created in conjunction with the completion of our acquisition of Newport Corporation, Inc. on April 29, 2016 ("Newport Acquisition"). The Equipment & Solutions (“E&S”) segment was created in co
Slide 13: Additional Information and Where to Find It
Additional Information and Where to Find It This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. This communication relates to a proposal which MKS has made for a business combination transaction with Coherent. In furtherance of this proposal and
Slide 14: Participants in the Solicitation
Participants in the Solicitation MKS and certain of its directors and executive officers may be deemed to be participants in any solicitation with respect to the proposed transaction under the rules of the SEC. Information regarding the interests of these participants in any such proxy solicitation
MKS Instruments — Merger or Acquisition (February 2021) on 6ix