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Why Invest

Why Invest

Growing, Market-leading Product Portfolio and Diverse End-market Mix

Timken has purposely grown its engineered bearings and industrial motion portfolio to achieve three strategic goals: build on our core bearings business and long-standing innovation power; diversify by adding adjacent product lines; increase our ability to serve the needs of global industry more fully. The results? Our position is stronger than ever with greater scale, profitable growth, and one of the most attractive end-market mixes in the industry, including renewable energy and automation.

* % of total 2022 Company sales

Leader in Renewable Energy with a Focus on Wind and Solar

Renewable energy is now Timken’s single largest market, representing more than 10% of our total sales. Strong underlying market growth, share gains and our competitive advantage — application engineering expertise and innovation power — drive the increase in sales. Today, we are a leading technical partner for major OEM customers worldwide.

Renewable Energy was 10% of total company sales in 2022

Segment Diversification
Mobile Industries
Process Industries
2008
2022
Product Diversification
Engineered Bearings
Industrial Motion Products
2008
2022
Channel Diversification
Original Equipment Manufacturers (OEM)
Distribution/End-Users
2008
2022

Successful Repositioning of the Company to Perform Through Cycles

Since 2008, Timken has transformed into a multi-product line bearings and industrial motion provider across mobile and process industries globally. Today, our diverse market mix, strong aftermarket position, improved pricing model, and optimized footprint prepares us to perform better through cycles. In addition, our strong free cash flow allows us to continue to invest through a cycle in organic and inorganic initiatives, all while returning capital to our shareholders.

* % of total 2022 Company sales

Clear Strategy to Deliver Shareholder Value

Our three key tenets:

Driving profitable organic growth

  • Be the technical leader in solving our customers’ toughest challenges
  • Expand both our product portfolio and geographic presence
  • Deliver best in class customer service experience with our differentiated technical sales model

Operating with excellence

  • Drive enterprise wide lean and continuous improvement efforts
  • Build a more cost effective global manufacturing footprint
  • Deliver efficiencies across our supply chains
  • Optimize processes and SG&A efficiency

Deploying capital to deliver shareholder value

  • Invest in organic growth and productivity initiatives
  • Pay an attractive dividend that grows over time with earnings
  • Broaden portfolio and reach through value accretive M&A
  • Return capital through share repurchases

Adjusted EBITDA Margin*

Attractive margin profile; higher and more consistent performance

Growth, price/mix, acquisitions and operational excellence delivering next-level results

Adjusted Earnings per Share*

Record earnings four out of five years; up ~25% YOY in 2022

Consistently growing the earnings power and cash generation of the company through varying macro-economic conditions

Proven Track Record

The results of our successful strategy speak for themselves. In more than a decade, we have continuously achieved our financial performance and delivered value for our shareholders. Organic and inorganic growth have supported the company’s earnings power, and we expect the top line and adjusted EBITDA to continue to grow as we further execute our strategy.

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* Click here for reconciliations of adjusted EBITDA and adjusted EPS to their most directly comparable GAAP financial measures.

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Contact

Shareholder Contact

Shareholder Services

Mail Code: WHQ-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Phone: (234) 262-4583

Investor Relations Contact

Neil Frohnapple

Director - Investor Relations

Mail Code: WHQ-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Phone: (234) 262-2310
Email: neil.frohnapple@timken.com

Transfer Agent

EQ Shareowner Services

P.O. Box 64874
St. Paul MN 55164-0874
Telephone: 800-401-1957
Outside US: 651-450-4064
shareowneronline.com

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