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Where You Turn The Timken Company 2006 Profile. The Timken Company  Industrial technology company  A leading provider of friction management and power.

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Presentation on theme: "Where You Turn The Timken Company 2006 Profile. The Timken Company  Industrial technology company  A leading provider of friction management and power."— Presentation transcript:

1 Where You Turn The Timken Company 2006 Profile

2 The Timken Company  Industrial technology company  A leading provider of friction management and power transmission solutions to diverse markets, including: –Aerospace, Mining, Energy, Rail, Construction, Truck, Automotive and Distribution  $5.2 billion in sales in 2005  27,000 associates in 27 countries  Global network of 13 technology centers

3 Our History  Founded in St. Louis in 1899 by Henry Timken  Relocated to Canton, Ohio in 1901  Invented the first tapered roller bearing  Began steel production in 1917  Traded on the NYSE since 1922

4 We are dedicated to improving our customers’ performance by applying our knowledge of friction management and power transmission to deliver unparalleled value and innovation all around the world. Our Vision

5 Where Vision Takes Us North America $3,850m Sales 60 Facilities 4 Joint ventures Asia Pacific $290m Sales 8 Facilities 1 Joint venture Europe $820m Sales 24 Facilities 2 Joint ventures Latin America $150m Sales 5 Facilities 2 Joint ventures Note: Excludes sales offices.

6 Our Customers

7 $500 billion $30 billion $5 billion  $500 billion friction management and power transmission market  $30 billion anti-friction bearing and alloy steel market –#3 Global Bearing #1 Tapered Roller Bearing #2 Needle Roller Bearing –#1 Seamless Mechanical Tubing –#1 Bearing Steel Market Scope  $5 billion tapered roller bearing and bearing steel market –#1 Tapered Roller Bearing –#1 Bearing Steel Source: Company estimates, Freedonia Group and external financial reports.

8 Our Strategy  Innovation –Products –Distribution and services  Expansion –Grow globally –Grow distribution and services –Acquire complementary products for industrial markets  Execution –Leverage synergies across Company –Continuously drive improvement

9 Our 2005 Accomplishments  Posted record sales and net income  Earned a spot on the S&P MidCap 400 list  Recognized as a “Midcap Star” on Forbes 100 list of rising midcap stocks  Achieved record productivity and safety performance  Increased bearing capacity  Expanded in emerging markets, particularly China  Introduced new products and services  Attained position as #1 aerospace bearing repair supplier  Honored with quality and supplier awards

10 2005 Sales by Business Group $5.2 Billion Industrial Group $1.9 Billion Industrial Group $1.9 Billion Steel Group $1.7 Billion Steel Group $1.7 Billion Automotive Group $1.6 Billion Automotive Group $1.6 Billion

11 Industrial Group Sales by Market Power Transmission 26% Off-Highway 22% Heavy Industry 14% Automotive Aftermarket 11% Consumer/Health & Positioning Control 8% Aerospace & Defense 8% Rail 11% 2005 Sales: $1,927 Million

12 Automotive Group Sales by Market 2005 Sales: $1,661 Million Light Truck 50% Passenger Car 31% Heavy & Medium Truck 19%

13 Steel Group Sales by Market 2005 Sales: $1,760 Million Automotive 21% Bearing 21% Distribution 14% Aerospace 9% Energy 8% Industrial – 16% Tool Steels 11%

14 Our Capabilities Friction Management Power Transmission Materials Science Precision Manufacturing Global Distribution

15 Friction Management & Power Transmission

16 Turn to Us for Innovation aerospace accessories & gear boxes sensorized wheel hub bearings condition monitoring solutions engineered surfaces Maximize uptime, safety and profitability in heavy industry applications Added customer value Added customer value Integrated package reduces weight, space and system costs for automotive wheel-end applications Added customer value Added customer value Surface enhancement technologies that improve wear, fatigue and frictional performance in power transmission applications Added customer value Added customer value Replacement components deliver proven performance, availability and competitive pricing Added customer value Added customer value

17 Turn to Us for a Full Industrial Line  Sensor products  Grease and single-point lubricators  Timken ® seals  Bearing, chock and roll repair and refurbishing services  Online services, such as the Timken Store at PTplace.com and Endorsia.com A growing number of distributors are using our Web-based resources, such as the Timken Store at PTplace.

18 Turn to Us for a Full Automotive Line  Integrated wheel ends  Fuel-efficient products  Engine/transmission products  Steering solutions  Sensor-equipped products Timken’s proprietary automotive technologies are increasing engine performance and improving fuel-efficiency.

19 Turn to Us for New Products & Services  Expanded European maintenance tool line into North America  Added more solutions to our condition monitoring line  Enhanced aerospace inspection and reconditioning services Our StatusCheck TM condition monitoring equipment was voted 2005 Product of the Year by Plant Engineering magazine.

20 Turn to Us for New Products & Services  Repair services that help customers extend the life of their products  Capabilities that improve our customers’ supply chain In 2005, we announced an alliance with Rolls-Royce Corp. to supply parts and component repair for their Model 250 helicopter turbo shaft engines.

21 Materials Science

22 Turn Knowledge into Power  Materials science, including: –Alloy steel bars and tubing –Precision steel components –Specialty steel Timken’s in-depth knowledge of materials science provides a base for applications development and technical services matching materials to applications.

23 Turn Science into Performance  $60 million last year in research, development and testing  13 technology facilities worldwide  Focus on products, materials, processes and emerging technologies The Timken Company is committed to its global technology network. The Bangalore, India, technology facility is one of 13 technology centers worldwide dedicated to product innovation and improving customer performance.

24 Precision Manufacturing

25 United States Canada Brazil France Spain England Romania Poland Czech Republic Italy Germany Netherlands South Africa China India Global Manufacturing

26 At Every Turn  Made process improvements in bearing manufacturing operations  Opened new industrial operations in Wuxi, China  Invested in expansions in the U.S., Romania and China The Ploeisti, Romania, plant produces large-bore bearings for many industrial applications.

27 Global Distribution

28 Distribution and Services

29 Innovation – Distribution and Services

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