1 Lincoln Electric

2 Company Overview Nearly $3 Billion in Sales 9,000 Worldwide Employees Headquartered in Cleveland, Ohio 42 Manufacturing Sites in 21 Countries Representation in 160 Countries 116 Year History Welding & cutting is our only business

3 Apparatus LOS ANGELES, CALIFORNIA Equipment SAN DIEGO, CALIFORNIA Gas Apparatus GAINESVILLE, GEORGIA Consumables MASON, OHIO Consumables MENTOR, OHIO Equipment & Consumables TORONTO, CANADA Consumables MISSISSAUGA, CANADA WORLD HEADQUARTERS CLEVELAND, OHIO Equipment, Consumables & Automation Consumables & Accessories TIJUANA, MEXICO Equipment & Consumables TORREON, MEXICO Equipment & Consumables MEXICO CITY, MEXICO Consumables BOGOTÅ, COLUMBIA Consumables SAO PAULO, BRAZIL Consumables MARACAY, VENEZUELA Equipment & Consumables SYDNEY, AUSTRALIA Consumables JAKARTA, INDONESIA Consumables CHENNAI, INDIA Consumables HOI CHI MINH, VIETNAM HEADQUARTERS SHANGHAI, CHINA Equipment & Consumables Consumables NANJING, CHINA Consumables ZHENGZHOU, CHINA Consumables JINZHOU, CHINA Consumables JINING, INNER MONGOLIA Consumables TAINAN, TAIWAN Equipment ESSEN, GERMANY Consumables NIJMEGEN, NETHERLANDS Consumables & Gas Apparatus DZIERZONIOW, POLAND Equipment BIELAWA, POLAND Consumables SHEFFIELD, UNITED KINGDOM Consumables CHERTSEY, UNITED KINGDOM Consumables ROUEN, FRANCE Consumables LISBON, PORTUGAL Consumables HEADQUARTERS BARCELONA, SPAIN CONSUMABLES SWIETOCHLOWICE, POLAND CONSUMABLES ISTANBUL, TURKEY Gas Apparatus BOLOGNA, ITALY Consumables AREZZO, ITALY Equipment GENOA, ITALY 42 Plants in 21 Countries on 5 Continents

4 Industrial Arc Welding Equipment Power sources Wire feeders Submerged arc systems Engine driven welders TIG welders Welding helmets

5 Welding Robots Hard Automation Fume Removal Systems Automation Systems

6 World Class Products – Arc Welding Arc welding consumables include –Stick electrodes –MIG, Flux-Cored, Submerged Arc, Stainless Steel, Aluminum and Non-Ferrous wires –Submerged Arc fluxes

7 Diversified Customer Segments General Fabrication PipelineOffshore Heavy Fabrication Shipbuilding Power GenTransportationPipe MillConstruction

8 Leader in Technology Technology is driving manufacturing Lincoln is the global leader in Welding Technology Drive welding technology into the manufacturing marketplace to keep it cost competitive

9 NAM report Global pressures –High premium on skills –Skills shortage, not labor shortage –Re-shoring of manufacturing Relentless advances in technology –Today’s manufacturing jobs are technology jobs Demographic shifts –Baby Boomers retiring, most welders mid-50’s –Projected need for 10 million new skilled workers by 2020

10 Weld Ed “National State of the Welding Industry Report” Durable goods manufacturing industries in which welding is a critical enabling technology account for 90% of total U.S. durable goods value of production. It is an industry that continuously evolves from a technology, processes and materials perspective and one which requires on-going training for its practitioners as well as for those who teach welding at all levels.

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14 Additional career opportunities –Technicians automation, other mfg processes –Inspectors –Welding engineers & Quality Control experts Many are not degreed –Sales and distribution