Nn, Inc. · NASDAQ:NNBR
Nn — Merger or Acquisition (August 2014)
11 slides from Nn's merger presentation, Aug 8, 2014
Slide 1: Acquisition of Autocam Corporation
Exhibit 99.1 NN, Inc.99.1 Exhibit Acquisition of Autocam Corporation
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary All These management, performance, combined guarantees reasonable statements. risks the or financings Additional 2with may transaction failure impact potential statements the associated forward-looking beSEC. company, instituted to that of assumptions, factors Note For impact obtain the e
Slide 3: Autocam Overview
Overview The Fuel Powertrain Power Electric Established does Autocam As Precision FY 100% South Europe Asia 3North 58% 19% 16% 7% a2013 company Systems global not America Steering Motors include End Geography is has Metal of(“PT”) leader, ainAutocam developed global Markets (“FS”) has 1988, (“PS”) (
Slide 4: Strategic Rationale
Strategic Builds Establishes Adds Strong Proven, Significant Accretive Significantly 4Deepens high-growth out book profitable NN’s Rationale in NN’s synergy global first of increases management business Precision full company presence product opportunities year NN’s in Metal platforms China in –tale
Slide 5: Combined Global Footprint
Combined Marshall Kentwood Dowagiac Whirlaway Autocam NN, NN V-S Wuxi US Sao Campinas Boituva Acquisition 5operations Ball Advanced Asia Netherlands Slovakia Bosnia Italy Precision Joao Products Inc. Weifu Plant &Plant Boa Poland France (China) Local Plant in Plant Global Roller Products establishes
Slide 6: NN and Autocam Combination: Product and Geography Mix
NN and Engine Cooling Transmission Plastic Precision Metal Components America South North Europe Asia End Product Improved 50% 31% 58% 19% 16% 7% 47% 40% 10% 3% 43% 52% 6% 100% 70% 21% 9% 6Geography Product America Bearing & Components Autocam Mix System Rubber Metal balance Use Components Fans Comp
Slide 7: Diversified End Markets and Customer Base
NN 8% Timken GKN 2%1% Iljin Continental Hitachi Brose Denso Delphi 6% GM HILITE TRW Cummins Emerson 3% (Copeland) SKF Schaeffler/ ZF INA/FAG NTN/SNR Aerospace Fiat <1% HVAC 5% Industrial Commercial Consumer Passenger 87% 9% 4% Heavy General 7% Top Vehicles 70% End 7Diversified 7% Bosch Fiat and Ten
Slide 8: Synergies and Post-Transaction Positioning
Synergies Creates Post-Transaction, $15-$20M Establishes Enhances Common 8Leverage a powerful procurement goal high-growth and of a global identified Post-Transaction to provide NN global presence will spend product synergies exceptional leader be of ainplatforms top combined Precision in 3Precision
Slide 9: Transaction Overview and Financing
Transaction Combined Consideration Financial 2015 $300 $350 Immediately Over Merger 9Closing $15-$20 Revenue million Agreement expected Benefits Company Overview accretive Term purchase million Financing of approximately post Timing Loan to be in HSR price identified B signed underwritten by $275 en
Slide 10: Autocam Summary Historical Financial Data
Autocam Summary ($ Net Cost shown Selling, Depreciation Interest Other Income *Capital data looking 10The insales as of millions) expense above separately presented spending products from expense before statements general $Recent Unaudited 181.6 information and operations 2012 $income and $0.2 sold
Slide 11: Autocam EBITDA Calculation
Autocam EBITDA ($ Income Depreciation Interest China Divestiture $Other *Adjusted data looking 11The 3.2 13.6 2.0 -1.8 0.6 in $ as -millions) $excludable above JV $presented 12.7 2.7 1.5 0.4 before expense statements -16.7 Calculation EBITDA Recent dividends $$costs -$information -0.7 1.7 $and $3.6