Teledyne Technologies Incorporated · NYSE:TDY
Teledyne Technologies — Teledyne Continental Motors — Merger or Acquisition (December 2010)
14 slides from Teledyne Technologies's merger presentation, Dec 14, 2010
Slide 1: Agreement to be Acquired by AVIC International
December 14, 2010 Agreement to be Acquired by AVIC International TCM CONFIDENTIAL AND PROPRIETARY
Slide 2: Transaction Highlights
Transaction Highlights Teledyne Technologies Incorporated and AVIC International Holding Corporation announced an agreement for Technify Motor (USA) LTD., a subsidiary of AVIC International, to purchase Teledyne Continental Motors, Inc. (“TCM”) and Teledyne Mattituck Services, Inc. All cash purc
Slide 3: Complementary Capabilities
Complementary Capabilities A leading supplier of general Global aerospace aviation piston aircraft supplier to commercial engines aviation Turn-key capabilities Extensive international Approximately 275,000 experience, market engines produced access and distribution 168 global trademarks
Slide 4: The Opportunity
The Opportunity “China supplanted the U.S. as the world’s largest auto market after its 2009 vehicle sales jumped 46 percent” Source: Bloomberg, January 2010 “There are more than 320,000 general aviation aircraft globally, and the US accounts for 75 percent of that amount, compared with 900 register
Slide 5: About Continental Motors
About Continental Motors Manufacturer of commercial piston Annual Sales of engines and spare parts for general approximately US$ 137M aviation aircraft (9 Mo. 2010 Annualized) 417 employees 104 year history and brand FAA certified manufacturer AS9100 certified company Headquartered in Mo
Slide 6: TCM Historical Milestones
TCM Historical Milestones 1960s: 1929: Turbocharging and fuel-injection are A-70 radial, seven-cylinder engine brought to general aviation by TCM is introduced 2005: 1905: 1997: First certified FADEC engines Creation of original 1938: A-50 is added to the lineup to power NASA selects Continental Mot
Slide 7: Selected TCM Current OEM Installations
Selected TCM Current OEM Installations Cirrus SR20 Cessna Corvallis 350 Beechcraft Bonanza Beechcraft Baron Cirrus SR22 Cessna Corvallis 400 Diamond DA20 Piper Seneca V Mooney Ovation Liberty XL2 Mooney Acclaim Cessna LSA TCM CONFIDENTIAL AND PROPRIETARY 7
Slide 8: TCM Aftermarket Parts and Services
TCM Aftermarket Parts and Services TCM CONFIDENTIAL AND PROPRIETARY 8
Slide 9: Recent International Expansion
Recent International Expansion U.S. Manufactured Piston Aircraft Export Sales as a % of Total Production 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2004 2005 2006 2007 2008 2009 Source: General Aviation Manufacturers Association TCM CONFIDENTIAL AND PROPRIETARY 9
Slide 10: Piston Aircraft Compared to Population
Piston Aircraft Compared to Population 180,000 160,000 140,000 Active 120,000 Piston Aircraft 100,000 80,000 60,000 40,000 20,000 0 USA Canada Australia Brazil Population: 307M 33M 21M 192M Pop / Aircraft ~1,900 ~1,700 ~2,400 ~20,000 Source: General Aviation Manufacturers Association, World Bank TCM
Slide 11: Potential Piston Aircraft Demand
Potential Piston Aircraft Demand 700,000 600,000 Active 500,000 Piston Aircraft 400,000 300,000 200,000 100,000 0 USA Canada Australia Brazil China China (based on (based on Brazil) US, CA, AUS) Source: General Aviation Manufacturers Association, World Bank TCM CONFIDENTIAL AND PROPRIETARY 11
Slide 12: AVIC International Aviation Customers
AVIC International Aviation Customers 12 TCM CONFIDENTIAL AND PROPRIETARY地址:北京市朝阳区东三环南路2号 电话:010-65665922 010-65665923
Slide 13: AVIC International Selected Aviation Products
AVIC International Selected Aviation Products Content on Airbus A320, as well as Boeing 737, 747 and 787 Boeing 737 assemblies Vertical fin Horizontal stabilizer Fuselage section 48 TCM CONFIDENTIAL AND PROPRIETARY 13
Slide 14: Disclaimer
Disclaimer This is a brief overview of AVIC International’s proposed acquisition of Teledyne Continental Motors, Inc. Viewers are urged to read Teledyne Technologies periodic reports filed with the Securities and Exchange Commission (“SEC”) for a more complete description of Teledyne, Teledyne Conti
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