Timken Company (the) · NYSE:TKR
Timken Company (the) — The Timken Company — Merger or Acquisition (August 2015)
7 slides from Timken Company (the)'s merger presentation, Aug 3, 2015
Slide 1: Expanding the Timken Power Transmission Portfolio: Carlstar Belts
Expanding the Timken Power Transmission Portfolio: Carlstar Belts August 3, 2015
Slide 2: Forward-Looking Statements Safe Harbor
Forward-Looking Statements Safe Harbor Certain statements in this presentation (including statements regarding the company's forecasts, beliefs, estimates and expectations) that are not historical in nature are "forward-looking" statements within the meaning of the Private Securities Litigation Refo
Slide 3: Carlstar Belts Business
Carlstar Belts Business* • A leading North American supplier, Key Metrics* ($M) offering power transmission belts for industrial, commercial and consumer Revenue $140 applications Adj. EBITDA $22 • Portfolio features more than 20,000 parts engineered for demanding % Margin 16% applications # of Empl
Slide 4: Strategic Rationale
Strategic Rationale • Aligns well with Timken strategy and business model • Broadens Timken power transmission products offering • Leverages Timken channel strength and customer access • Creates significant synergy opportunities • Expected to be accretive in year one 4
Slide 5: Building Out Our Power Transmission Offering
Building Out Our Power Transmission Offering Timken Power Transmission Portfolio Housed Chain & Gears & Lubrication Units Augers Belts Services Systems 5
Slide 6: Financial Summary
Financial Summary Transaction Highlights Synergy Drivers • Purchase price of $220M • Leverage Timken and Carlstar • Funded with cash and debt customer relationships and distribution channels to drive • Transaction structure results in revenue growth $23M NPV tax benefit (tax- deductible goodwill) •
Slide 7: Portfolio Transformation – Building for Growth
Portfolio Transformation – Building for Growth Electric motor Carlstar Belts repair, related services, up-tower wind maintenance Electric motor and repair Industrial gear Electric motor repair and drive and repair repair and services Industrial and services services commercial belts July July Oct De
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