Timken Company (TKR) Investor presentation summary

Company overview and strategy

• Operates in 45 countries with 19,000 employees and over 100 years of continuous quarterly dividends.

• 2024 revenue reached $4.6B, with adjusted EBITDA of $845M and a 1.9% dividend yield.

• Sales are diversified: 56% Americas, 24% EMEA, 20% Asia-Pacific; 66% from engineered bearings, 34% from industrial motion.

• Focuses on both original equipment (55%) and distributors/end-users (45%).

• Strategy emphasizes operational excellence, product innovation, and disciplined capital allocation.

Market mix and growth drivers

• Diverse end-market exposure, with nearly one-third of sales from newer sectors like renewable energy, automation, and services.

• 10-year revenue CAGR of 12% in these newer sectors.

• Aftermarket business provides recurring, higher-margin revenue.

• Strong distribution and aftermarket channel presence.

Segment performance and product diversification

• Engineered Bearings segment had $3.1B revenue in 2024 with 20%+ EBITDA margins.

• Industrial Motion segment grew to $1.5B revenue in 2024, with a 14% revenue CAGR since 2015.

• Product diversification in bearings, including non-tapered lines, achieved >6% CAGR since 2001.

• Industrial Motion segment expanded through M&A, targeting drive systems, linear motion, and lubrication systems.