Ttm Technologies, Inc. · NASDAQ:TTMI
Ttm Technologies — Merger or Acquisition (January 2020)
16 slides from Ttm Technologies's merger presentation, Jan 22, 2020
Slide 1: Mobility Business Unit Divestment Investor Presentation
Mobility Business Unit Divestment Investor Presentation January 22th, 2020 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the future business outlook, events, and expected performance of TTM Technologies, Inc. (“TTM”, “we” or t
Slide 3: TTM Remains Committed to Strategic Focus
Diversification Diverse end markets Near term -Aerospace & Defense Discipline Operational execution Earnings power Cash flow generation TTM Remains Committed to Strategic Focus Differentiation Scale Technology breadth Global footprint Early engagement
Slide 4: Transaction overview
Transaction overview TTM has agreed to sell its four China manufacturing plants comprising substantially all of the assets of its Mobility business unit to AKMMeadville Electronics (Xiamen) Co., Ltd., a Chinese consortium consisting of Meizhi Investment (Xiamen) Co., Ltd., Xiamen Semiconductor Inves
Slide 5: Strategic rationale
Strategic rationale Reduces exposure to highly seasonal and cyclical cellular market Increases mix of business to longer cycle markets with aerospace and defense remaining largest market segment More capital available for growth investments in our remaining businesses while buyer committed to invest
Slide 6: Leading PCB, Specialty Components and Technology Solutions Provider
Critical supplier to today’s fastest growing technologies such as advanced defense radar, automobile technology and medical device technology Significant global footprint with 26 facilities and 19,500 employees Scale: $2,153 mn LTM Q3 2019 revenue Profitability: $300 mn LTM Q3 2019 Adj. EBITDA1 Tech
Slide 7: TTM Remains a Global Leader in the PCB Manufacturing Market
TTM Remains a Global Leader in the PCB Manufacturing Market 2018 Top 10 world PCB manufacturers by revenue ($mn) $Mn Maintain advantages associated with sufficient scale Only US-based company in the Global Top 10 Most diversified company in the Global Top 10 – products and end markets Focus on high
Slide 8: Global Footprint
Global Footprint 7 Salem – SAL Syracuse – SYR 6 26 Suzhou - SUZ Aerospace & Defense 5 Sterling - STE Stafford Springs - SS 4 3 Stafford - ST 1 Denver - DEN 2 North Jackson - NJ Specialty 8 Anaheim - ANA Santa Ana - SA 10 9 Forest Grove - FG 11 Santa Clara - SC San Diego - SD 12 Logan - LG 16 17 San
Slide 9: Increased exposure to stable and growing end markets and customers
Increased exposure to stable and growing end markets and customers TTM LTM Q3’19 TTM LTM Q3’19 pro-forma Mobility divesture Networking and Communications Aerospace and Defense Medical Industrial Computing Automotive Growth drivers 2018-2023 CAGR (third party) 2-4% 5-8% 1-3% 3-5% 3-5% % of total sale
Slide 10: The Evolution of TTM Through Strategic Transactions
$2.1B $79Mn The Evolution of TTM Through Strategic Transactions 1998 TTM Incorporated 2000 IPO 2002 Acquires Honeywell ACI Networking/Communications High layer count 2006 Acquires Tyco PCG Aerospace & Defense Diversification 2010 Acquires Meadville PCB Cellular market Asia footprint 2015 Acquires Vi
Slide 11: Summary Financial Impact
Summary Financial Impact LTM Q3 2019 TTM As Reported ($mn) Mobility Business Unit ($mn) TTM Excluding Mobility Pro-Forma ($mn) Revenues 2681 527.8 2153 Non-GAAP Operating Profit1 205.3 (7.7%) 5.5 (1.0%) 199.8 (9.3%) Adjusted EBITDA1 382 (14.3%) 82.5 (15.6%) 299.5 (13.9%) Cash 316.6 N/A 916.6 Debt 14
Slide 12: Potential Use of Proceeds
Potential Use of proceeds Drive growth through investments, strengthen balance sheet and create value for shareholders Maintain financial discipline and optimize the balance sheet through de-levering Ongoing investment in our technology portfolio New product and technology development Strategic acqu
Slide 13: TTM Remains Committed to Strategic Focus
Diversification Diverse end markets Near term -Aerospace & Defense Discipline Operational execution Earnings power Cash flow generation TTM Remains Committed to Strategic Focus Differentiation Scale Technology breadth Global footprint Early engagement
Slide 14: Thank You
TIM Technologies ss Inspiring Innovation Thank You
Slide 15: Appendix
TIM Technologies ss Inspiring Innovation Appendix
Slide 16: Mobility Business Unit Operating Income and EBITDA Reconciliation
Mobility Business Unit Operating Income and EBITDA Reconciliation
TTM Technologies — Merger or Acquisition (January 2020) on 6ix