Acquisition of Cameron Centrifugal Compression Division August 18, 2014
Compelling Strategic and Financial Rationale for Acquisition Strengthens our leading compression business Expands product breadth and end market coverage Enhances key engineering and machining capabilities Provides access to…
Cameron Centrifugal: Overview of leading centrifugal compression manufacturer Leading manufacturer and service provider of Revenue by geography (2013) centrifugal compressors used in wide range of Americas AsiaPac & 30% 38% Middle…
Cameron Centrifugal: Overview of Broad Compression Portfolio Engineered Air Process Gas Plant Air Aftermarket Description Compressed air and Mission-critical Clean, dry, oil- Complete range of nitrogen for process gas free…
Strong Global Operations and Channel Capabilities 2 manufacturing facilities: US and China 11 sales offices on 4 continents 5 aftermarket service centers: Houston (TX), Buffalo (NY), Milan (Italy), Pune (India) and Gaomi (China) 90…
Key Financial Highlights Demonstrate Significant Value Creation Opportunity 850M purchase price 2015 EBITDA multiple 10.5 excluding synergies and 6.5 with gross synergies Anticipate funding through a combination of cash and debt…
Synergy Potential Provides Substantial Incremental Value Broader, integrated product offerings for customers Revenue Leverage Ingersoll Rand service network and growth initiatives Direct material procurement Cost Streamline…
Acquisition Consistent with Disciplined, Balanced Capital Allocation Approach to Maximize Shareholder Value Maintain strong balance sheet and solid investment grade metrics to fund future investments and growth Anticipate refinancing…
Transaction Timeline with Expected Closing Before End of Year 2014 Event Date Announcement August 18, 2014 Regulatory approvals Now 4Q 2014 Expected close Before end of year Integration Through 2015 11
Summary Strategic addition to our core Compressed Air business and enterprise compression capabilities Consistent with articulated strategy Meaningful synergies generated Accretive to EBITDA margins, EPS and ROIC in 2015 and…
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