{
  "docId": "019dd923-622b-71dc-a6dc-5ce2b4a778c9",
  "docSlug": "e32b71332b7f",
  "documentTitle": "The Timken Company (TKR)",
  "authorId": "17_Relational_Investors",
  "authorName": "CalSTRS",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2013-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 2,
  "pageCount": 42,
  "prevPage": 1,
  "nextPage": 3,
  "slideType": "disclaimer",
  "function": "other",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "headline_text",
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-5ce2b4a778c9/2",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-5ce2b4a778c9",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-5ce2b4a778c9.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-5ce2b4a778c9#slide-2",
  "components": [
    {
      "bbox": {
        "h": 0.231,
        "w": 0.846,
        "x": 0.077,
        "y": 0.548
      },
      "kind": "disclaimer",
      "text": "Except as otherwise indicated herein, the information provided is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. Certain economic and market information contained herein has been obtained from published sources prepared by other parties. While such sources are believed to be reliable, the Parties and their respective affiliates assume no responsibility for and have not verified such information and do not represent that such information is accurate or complete. Statements contained in this presentation that are not historical facts are based on current expectations, estimates, projections, opinions, and/or beliefs of the Parties. Due to various risks and uncertainties, actual events or results may differ materially from those reflected in such opinions. This presentation should be read with reference to any and all footnotes and the Appendix.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1f8aef9a-42b4-4fc2-ae9d-57f70adf669c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.084,
        "w": 0.846,
        "x": 0.077,
        "y": 0.399
      },
      "kind": "disclaimer",
      "text": "This presentation does not constitute an offer to sell or a solicitation of an offer to purchase an interest in Relational, or any of its affiliated funds; nor does it constitute nor should it be considered as investment advice or a solicitation for investment advisory services offered by Relational. This presentation is not intended to serve as the basis for any investment decision.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "44fca5f1-de13-4888-a44f-89960c114fb4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.105,
        "w": 0.846,
        "x": 0.077,
        "y": 0.228
      },
      "kind": "disclaimer",
      "text": "The following materials present analysis by Relational Investors LLC (\"Relational\") of a potential separation of the Timken Company's bearings and steel businesses. This presentation is being provided by Relational and the California State Teachers' Retirement System (\"CalSTRS\") (collectively, \"the Parties\") to shareholders, industry participants and other interested parties for informational and discussion purposes.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b65db7f1-6f19-45c0-adf6-6c2e2856573d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.036,
        "w": 0.194,
        "x": 0.403,
        "y": 0.055
      },
      "kind": "title",
      "text": "Disclaimer",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6529d8cc-32d7-48b0-9535-1c4ef9735125",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 6,
      "from": 1,
      "beatId": "956e8482-c275-44b4-b386-c0d2735f3808",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Problem",
      "beatSlug": "problem-agitate-solution-problem-identify-pain",
      "evidence": "The presentation identifies the problem with the current structure of Timken's bearings and steel businesses.",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}