Acquired by AVIC International TCM CONFIDENTIAL AND PROPRIETARY - PowerPoint PPT Presentation

December 14, 2010 Agreement to be Acquired by AVIC International TCM CONFIDENTIAL AND PROPRIETARY

Transaction Highlights  Teledyne Technologies Incorporated and AVIC International Holding Corporation announced an agreement for Technify Motor (USA) LTD., a subsidiary of AVIC International, to purchase Teledyne Continental Motors, Inc. (“TCM”) and Teledyne Mattituck Services, Inc.  All cash purchase price of US$ 186 million; mutual 338(h)(10) election  Retention of Continental Motors’ employees; continued investment by AVIC International in Mobile, Ala.  Closing subject to customary conditions and regulatory approvals (a) (a) Customary closing conditions include clearance under the Hart-Scott-Rodino Antitrust Improvements Act and by the U.S. Govern ment’s Committee on Foreign Investment in the United States (CFIUS), as well as obtaining all relevant Chinese Government Approvals TCM CONFIDENTIAL AND PROPRIETARY 2

Complementary Capabilities  A leading supplier of general  Global aerospace aviation piston aircraft supplier to commercial engines aviation  Turn-key capabilities  Extensive international experience, market  Approximately 275,000 access and distribution engines produced  30 years of aerospace  168 global trademarks manufacturing  1,548 PMAs  60 international offices  Presence in Mobile, Ala.  Sales of US$ 6 billion in Aerospace Park in 2009 TCM CONFIDENTIAL AND PROPRIETARY 3

The Opportunity “China supplanted the U.S. as the world’s largest auto market after its 2009 vehicle sales jumped 46 percent” Source: Bloomberg, January 2010 “There are more than 320,000 general aviation aircraft globally, and the US accounts for 75 percent of that amount, compared with 900 registered general aviation aircraft in China” Source: Civil Aviation Administration of China Source, November 2010 “With its eye on economic development, the Chinese government is looking to open new airspace, new airports, and new training facilities to general aviation” Source: US AOPA, October 2010 TCM CONFIDENTIAL AND PROPRIETARY 4

About Continental Motors  Manufacturer of commercial piston Annual Sales of engines and spare parts for general approximately US$ 137M aviation aircraft (9 Mo. 2010 Annualized)  417 employees  104 year history and brand  FAA certified manufacturer  AS9100 certified company  Headquartered in Mobile, Ala.  Factory service centers in Fairhope, Ala., and Mattituck, N.Y. (a) OEM (b) Aftermarket (a) Represents new engines for new aircraft (b) Represents new and rebuilt engines, as well as spare parts and overhaul services, for existing aircraft TCM CONFIDENTIAL AND PROPRIETARY 5

TCM Historical Milestones 1960s: 1929: Turbocharging and fuel-injection are A-70 radial, seven-cylinder engine brought to general aviation by TCM 2005: is introduced First certified FADEC engines 1905: 1997: 1938: Creation of original NASA selects A-50 is added to the lineup to power Continental Motors Continental to the Piper Club and Taylorcraft develop and 2008: produce GAP, Global recession impacts sales, a new 200-hp 1945: particularly engines to OEMs engine that Six-cylinder E-185 developed operates for Beechcraft Bonanza on Jet-A fuel 1900- 1911- 1921- 1931- 1941- 1951- 1961- 1971- 1981- 1991- 2001- 2008 – 2010 – – – 1911 1981 1991 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2007 2009 1920 1990 2000 M 2010: TCM launches TD-300 Jet-A engine and unleaded gasoline 1930: development Four-cylinder engine is introduced to aircraft 1986: Powered by a TCM engine, the Rutan Voyager is the 1906: first piston-powered Type “O” 45 -hp engine is developed 2000s: aircraft to circumnavigate TCM OEM market share nearly triples on the world without refueling strength of exclusive installations in premium composite aircraft 1984: TCM produces TSIO-520-BE for Piper Malibu. It sets new efficiency targets for piston engines 1950s: A-65 developed into the 100-hp C-200, which powered the Cessna 150 TCM CONFIDENTIAL AND PROPRIETARY 6

Selected TCM Current OEM Installations Cirrus SR20 Cessna Corvallis 350 Beechcraft Baron Beechcraft Bonanza Cirrus SR22 Cessna Corvallis 400 Liberty XL2 Mooney Ovation Diamond DA20 Piper Seneca V Mooney Acclaim Cessna LSA TCM CONFIDENTIAL AND PROPRIETARY 7

TCM Aftermarket Parts and Services TCM CONFIDENTIAL AND PROPRIETARY 8

Recent International Expansion U.S. Manufactured Piston Aircraft Export Sales as a % of Total Production 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2004 2005 2006 2007 2008 2009 Source: General Aviation Manufacturers Association TCM CONFIDENTIAL AND PROPRIETARY 9

Piston Aircraft Compared to Population 180,000 160,000 140,000 Active 120,000 Piston Aircraft 100,000 80,000 60,000 40,000 20,000 0 USA Canada Australia Brazil Population: 307M 33M 21M 192M Pop / Aircraft ~1,900 ~1,700 ~2,400 ~20,000 Source: General Aviation Manufacturers Association, World Bank TCM CONFIDENTIAL AND PROPRIETARY 10

Potential Piston Aircraft Demand 700,000 600,000 500,000 Active Piston Aircraft 400,000 300,000 200,000 100,000 0 USA Canada Australia Brazil China China (based on (based on Brazil) US, CA, AUS) Source: General Aviation Manufacturers Association, World Bank TCM CONFIDENTIAL AND PROPRIETARY 11

AVIC International Aviation Customers TCM CONFIDENTIAL AND PROPRIETARY 12 地址 : 北京市朝阳区东三环南路 2 号 电话 :010-65665922 010-65665923

AVIC International Selected Aviation Products  Content on Airbus A320, as well as Boeing 737, 747 and 787  Boeing 737 assemblies  Vertical fin  Horizontal stabilizer  Fuselage section 48 TCM CONFIDENTIAL AND PROPRIETARY 13

Disclaimer This is a brief overview of AVIC International’s proposed acquisition of Teledyne Continental Motors, Inc. Viewers are urged to read Teledyne Technologies periodic reports filed with the Securities and Exchange Commission (“SEC”) for a more complete description of Teledyne, Teledyne Continental Motors, their businesses, strategies and the various risks that the companies face. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, relating to earnings, growth opportunities and strategic plans. All statements made in this presentation that are not historical in nature should be considered forward-looking. Actual results could differ materially from these forward-looking statements. Many factors, including changes in demand for products sold to the commercial aviation markets, continued liquidity of the company’s customers and economic conditions, could change the anticipated results. Global responses to terrorism and other perceived threats increase uncertainties associated with forward-looking statements about the company’s businesses. Flight restrictions would negatively impact the market for general aviation aircraft piston engines and components. The pending divestiture of Teledyne Continental Motors involves various inherent risks, including those associated with securing customary government approvals. Various risks are identified in Teledyne’s 2009 Annual Report on Form 10 -K and its Forms 10-Q. Viewers, particularly those interested in investing in Teledyne Technologies, should read these risk factors. Forward-looking statements are generally accompanied by words such as “estimate”, “project”, “predict”, “believes” or “expect”, that convey the uncertainty of future events or outcomes. Teledyne Technologies assumes no duty to publicly update or revise any forward-looking statements, whether as a result of new information or otherwise. TCM CONFIDENTIAL AND PROPRIETARY 14