Investor Presentaiton
19
Capital Deployment
Priorities
1
Organic I Invest in technology, innovation, and R&D capabilities
2017-2019
$
Asset Lite
~150m
Growth
I Capacity expansion; Global systems; High ROI automation
23
I Target 2-3x leverage
Pay Down
I Term Loan matures 2026, ABL matures 2023
Debt
I $500mm notional swapped fixed
Deleveraging
Story
~200m
I Demonstrated ability to execute; 15 deals since 2011
M&A
I Accelerates "Powering Our Future" strategic plan
Accelerate the
strategy
~200m
I Seek high synergy opportunities with above WACC returns
4
Return of
Capital
I As future cash flow permits, will evaluate options opportunistically
Opportunistic
~50m
I $250mm remaining on current share repurchase authorization
Strong balance sheet and cash flow generation enables
disciplined and balanced approach toward capital
deployment that creates value for shareholders
TOTAL
~600m
GENERACView entire presentation