Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Merger or Acquisition (January 2021)
9 slides from Teledyne Technologies's merger presentation, January 2021
Slide 1: Everywhere you look: The World's Sixth Sense
“ww Everywhereyoulook The World’s Sixth Sense” SFLIR
Slide 2: Teledyne to Acquire FLIR
Teledyne to Acquire FLIR Transaction value of approximately $8.0 billion Consideration of 50% cash and 50% Teledyne stock Financed from cash on hand and new debt Fully committed $4.5 billion loan facility to fund transaction and refinance debt; to be replaced with permanent financing Estim
Slide 3: Uniquely Complementary Combination
Uniquely Complementary Combination Perfectly complementary technologies and markets with minimal overlap Sensors based on different semiconductor technologies for different wavelengths Products serving different customers and applications Unique unmanned and autonomous systems serving differ
Slide 4: Infrared Imaging Ecosystem
Infrared Imaging Ecosystem Teledyne Space Airborne FLIR Imaging Land, Maritime and NN Systems Soldier Commercial Thermography Automotive, Consumer and Security 4
Slide 5: Complementary Spectrum of Sensor Capabilities
Complementary Spectrum of Sensor Capabilities Teledyne Primarily MCT Teledyne High performance, niche segment Teledyne FLIR Primarily InSb, mB Also InGaAs, QWIP Good performance, NNLLarge market Infrared Detector Technologies Teledyne MCT Mercury Cadmium Telluride FLIR InSb Indium Antimonide mB Micr
Slide 6: 2020 Pro Forma Revenue by Segment
2020 Pro Forma Revenue by Segment Pro Forma Teledyne FLIR Sales of ~$5.0B Sales of ~$3.1B Sales of ~$1.9B 36% 21% 100% 32% 13% 59% NN 8% 19% 12% Instrumentation Digital Imaging Aerospace & Defense Electronics Engineered Systems 6
Slide 7: Teledyne Improved Preliminary 2020 Results
Teledyne Improved Preliminary 2020 Results Fourth quarter sales of approximately $800 million All-time record quarterly GAAP diluted earnings per share estimated to be $3.16 to $3.19, compared with the prior outlook of $2.56 to $2.86 All-time record quarterly GAAP operating margin of approxima
Slide 8: Additional Information and Where to Find It
Additional Information and Where to Find It In connection with the proposed transaction between Teledyne Technologies Incorporated (“Teledyne”) and FLIR Systems, Inc. (“FLIR”), Teledyne will file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 that will i
Slide 9: Cautionary Statement Regarding Forward Looking Statements
Cautionary Statement Regarding Forward Looking Statements This report contains forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, with respect to management’s beliefs about the financial condition, results of operations and businesses of Teledyne in the f
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