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NN, Inc. Presentation. NN, Inc. Today Bearing Components Precision Metal Components.

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Presentation on theme: "NN, Inc. Presentation. NN, Inc. Today Bearing Components Precision Metal Components."— Presentation transcript:

1 NN, Inc. Presentation

2 NN, Inc. Today Bearing Components Precision Metal Components

3 NN, Inc. Today A leading independent supplier of high precision components and assemblies 14 manufacturing facilities in North America, Europe and Asia Global manufacturing presence Serving diverse industrial end markets

4 NN makes the Forbes “200 Best” List for the 4th Time

5 Key Events - History Revenue ($ millions) $0 $50 $100 $150 $200 $250 $300 $ Launched Bearing Components Strategic Plan ($73 mm) Acquired IMC ($85 mm) Acquired Delta Rubber ($180 mm) Initial Public Offering ($61 mm) Company Founded Acquired Veenendaal (Netherlands) Acquired 100% of Euroball Joint Venture (Italy, Germany, Ireland) Acquired Slovakia Factory ($268 mm) China Factory Start-Up Acquired SNR ($321 mm) Launched Precision Metal Components Strategic Plan Acquired Whirlaway ($405 mm*) * Proforma

6 NN Inc. \ Whirlaway + Whirlaway NN Inc. Diversified public company with history of financial stability Company with global footprint to accelerate support of customer globalization Commitment to quality and customer service Broad depth of technical and manufacturing resources Integrated marketing and technical services approach Customer solutions focus Diversified public company with history of financial stability Company with global footprint to accelerate support of customer globalization Commitment to quality and customer service Broad depth of technical and manufacturing resources Integrated marketing and technical services approach Customer solutions focus

7 NN Inc. \ Whirlaway Proven provider of collaborative technical solutions - Value added engineering Comprehensive manufacturing process technology experience Competent mechanical engineering team for design, build, and integration of equipment and software Program management system Proven provider of collaborative technical solutions - Value added engineering Comprehensive manufacturing process technology experience Competent mechanical engineering team for design, build, and integration of equipment and software Program management system Diversified global market presence Experience in metal components manufacturing Focused on Lean manufacturing, six sigma, TPM Expertise in applications marketing Publicly traded company with solid financial history Diversified global market presence Experience in metal components manufacturing Focused on Lean manufacturing, six sigma, TPM Expertise in applications marketing Publicly traded company with solid financial history Whirlaway NN Inc.

8 Competitive Advantages NN Strengths Result In Customer needs driven culture High precision component and assembly manufacturing Collaborative component and tooling design Component and tooling design “Level 3” - Six Sigma, Lean Manufacturing, Total Productive Maintenance Customer needs driven culture High precision component and assembly manufacturing Collaborative component and tooling design Component and tooling design “Level 3” - Six Sigma, Lean Manufacturing, Total Productive Maintenance Unparalleled service High quality Value-enhancing, engineering capability Cost competitive global structure Unparalleled service High quality Value-enhancing, engineering capability Cost competitive global structure

9 Global Market Presence Erwin, TN Mt. City, TN Erwin, TN Mt. City, TN Danielson, CT Lubbock, TX Eltmann, Germany Pinerolo, Italy Kilkenny, Ireland Veenendaal, The Netherlands Slovakia Plant Locations: NN Ball and Roller Whirlaway NN Europe - Euroball NN Europe - Veenendaal IMC Delta Rubber China Customer/Country Locations Plant Locations: NN Ball and Roller Whirlaway NN Europe - Euroball NN Europe - Veenendaal IMC Delta Rubber China Customer/Country Locations Kunshan, Jiangsu, China Kunshan, Jiangsu, China Tempe, AZ Wellington, OH Hamilton, OH

10 Facilities and Employment Erwin, TN Employees: 215 Mt. City, TN Employees: 92 Industrial Molding Lubbock, TX Employees: 286 Delta Rubber Danielson, CT Employees: 196 NN Italy Pinerolo, Italy Employees: 336 NN Netherlands Veenendaal, NL Employees: 377 NN Ireland Kilkenny, Ireland Employees: 76 NN Germany Eltmann, Germany Employees: 129 NN Slovakia Kysucke, NM Slovakia Employees: 49 Kunshan, China Employees: Manufacturing Facilities - North America - Europe - Asia 2,450 Global Employees US Ball and Roller Division Whirlaway Division Wellington, OH 1 Employees: 230 Wellington, OH 2 Employees: 200 Hamilton, OH Employees: 30 Triumph LLC Tempe, AZ Employees: 200 NN Asia Plastic and Rubber Division NN Europe

11 Management

12 Business Unit Revenue NN Euroball Balls $128 MM NN Euroball Balls $128 MM NN Americas Balls $53 MM Cylindrical Rollers $13 MM NN Americas Balls $53 MM Cylindrical Rollers $13 MM IMC Plastic Components $22 MM IMC Plastic Components $22 MM Delta Rubber Bearing Seals $26 MM Delta Rubber Bearing Seals $26 MM Veenendaal Tapered Rollers Metal Cages $69 MM Veenendaal Tapered Rollers Metal Cages $69 MM $405 MM IMC Plastic Bearing Retainers $10 MM IMC Plastic Bearing Retainers $10 MM Whirlaway Metal Components $80 MM Whirlaway Metal Components $80 MM

13 Served Markets BearingComponents Precision Metal Components Automotive Automotive General Industrial General Industrial Automotive General Industrial Diesel Engines Commercial Refrig. Thermal Systems Oil and Gas AerospaceMedical Current Market Current Market Future Market Future Market

14 Served Markets Serves wide variety of industrial end markets Industrial Thermal Systems Commercial Refrig. Diesel Engine Material Handling Construction General Industrial Industrial Thermal Systems Commercial Refrig. Diesel Engine Material Handling Construction General Industrial Automotive Engine Brake/Chassis Steering Power Train Automotive Engine Brake/Chassis Steering Power Train 45% 55% Future Markets Oil & Gas Aerospace Medical Future Markets Oil & Gas Aerospace Medical

15 Product Platforms BearingComponents Precision Metal Components Precision Balls Precision Balls Rollers Rollers Retainers Retainers Seals Seals Fluid Control Components Components Assemblies AssembliesShafts Prisms, Rings Housings, Brackets

16 Product Mix Overview

17 Customer Overview

18 Financial Highlights

19 Historical Sales $85 $132 $180 $192 ($Millions) $253 $304 $321 22% CAGR (2006 Proforma) $325 $405

20 Annual EBITDA $ millions $18 $26 $31 $37 $36 $44 $27 14% CAGR $45

21 EPS from Operations $’s/Share $0.86-$0.92 8% CAGR $0.87

22 Historic EBITDA To Debt Levels *Year end ratio. EBITDA adjusted to include full year EBITDA for acquisitions made during indicated year and to exclude effects of one-time unusual charges. *Year end ratio. EBITDA adjusted to include full year EBITDA for acquisitions made during indicated year and to exclude effects of one-time unusual charges. Debt/EBITDA* 1.5 X 2.0X 1.4 X 2.2 X 2.1 X 1.4 X 1.9 X

23 Strategic Plan

24 1.Enhance R&D and create applications marketing expertise 2.Continue growth and expansion of operations in Asia region 3.Accelerate Level 3 Initiatives (Lean, Six Sigma, TPM) 1.Enhance R&D and create applications marketing expertise 2.Continue growth and expansion of operations in Asia region 3.Accelerate Level 3 Initiatives (Lean, Six Sigma, TPM) Operational Execution Initiatives:

25 Strategic Plan 1.Grow existing bearing components: Roller product expansion Geographic expansion of existing products 2.Creation of new metal related component product platform via acquisition 1.Grow existing bearing components: Roller product expansion Geographic expansion of existing products 2.Creation of new metal related component product platform via acquisition Growth Initiatives: Double Revenue and Income in 5 Years Growth Initiatives: Double Revenue and Income in 5 Years

26 Sales Development 2006 – 2010 By Product Group 2006 Business Plan2010 Pro-Forma $325 million $720 million

27 Sales Development By End Market 2006 Business Plan2010 Pro-Forma $325 million $720 million

28 Conclusions NN has developed a strong core business in high precision bearing components New strategy provides for growth via following strategic initiatives: Continued growth of core bearing components core business Creation of new high precision metal components product platform Growth goals are achievable and closely related to our core NN has developed a strong core business in high precision bearing components New strategy provides for growth via following strategic initiatives: Continued growth of core bearing components core business Creation of new high precision metal components product platform Growth goals are achievable and closely related to our core


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