Watchlist...ATS Automation Tooling Systems Inc...ATA on the TSX

Watchlist...ATS Automation Tooling Systems Inc...ATA on the TSX

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COMPANY PROFILE

ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities to deliver custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, transportation, consumer products, and energy. Founded in 1978, ATS employs over 5,000 people at 28 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China.

STRATEGY

To drive the creation of long-term sustainable shareholder value, the Company employs a three-part value creation strategy: Build, Grow and Expand.

Build: To build on the Company’s foundation and drive performance improvements, management is focused on the advancement of the ATS Business Model (“ABM”), the pursuit and measurement of value drivers and key performance indicators, a rigorous strategic planning process, succession planning, talent management, employee engagement, and instilling autonomy with accountability into its businesses.

Grow: To drive organic growth, ATS develops and implements growth tools under the ABM, provides innovation and value to customers and works to grow recurring revenues.

Expand: To expand the Company’s reach, management is focused on the development of new markets and business platforms, the expansion of service offerings, investment in innovation and product development, and strategic and disciplined acquisitions that strengthen ATS. In executing this part of its strategy, the Company acquired CFT S.p.A., a global supplier of processing and packaging automation equipment for the food and beverage sector in the fourth quarter of fiscal 2021, and late in the first quarter of fiscal 2022, acquired BioDot, Inc. (“BioDot”), a leading manufacturer of automated fluid dispensing systems, as well as Control and Information Management Ltd. (“CIM”), an industrial automation system integrator based in Ireland.

The Company pursues these initiatives using a strategic capital allocation framework in order to drive the creation of long-term sustainable shareholder value.

ATS Business Model

The ABM is a business management system that ATS developed with the goal of enabling the Company to pursue its strategies, outpace the growth of its chosen markets, and drive year-over-year continuous improvement. The ABM emphasizes:

• People: developing, engaging and empowering ATS’ people to build the best team;

• Process: aligning ATS’ people to implement and continuously improve robust and disciplined business processes throughout the organization; and

• Performance: consistently measuring results in order to yield world-class performance for our customers and shareholders

The ABM is ATS’ playbook, serving as the framework utilized by the Company to achieve its business goals and objectives through disciplined, continuous improvement. The ABM is used by ATS divisions globally, supported with extensive training in the use of key problem-solving tools, and applied through various projects to drive continuous improvement.

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Management’s Discussion and Analysis...June 27, 2021

Source

https://www.sedar.com/CheckCode.do