Snap-on Incorporated Details Growth Strategies at Robert W. Baird & Company Industrial Technology Conference

KENOSHA, Wis.--(BUSINESS WIRE)--Nov. 14, 2000--Snap-on Incorporated (NYSE: SNA) chairman, president and chief executive officer, Robert A. Cornog, reviewed today the company's financial position, key strategies and growth opportunities at the Robert W. Baird & Company Industrial Technology Conference.

Snap-on told investors that the actions of the last decade have positioned the company as the total solutions provider to the industry. "Snap-on is a market leader, with the premier brand in quality and performance," said Cornog. "Snap-on has built a unique value chain--from manufacturing to marketing and distribution, to credit and financial support--which creates the capabilities to deliver results. Snap-on is the unqualified innovation leader in the industries we serve. Our financial returns are increasing, and we believe there are opportunities to improve them further."

Snap-on went on to highlight its priorities to grow the business, which include expansion of the franchised dealer network, application of leading e-commerce capabilities, realization of synergies with the recently acquired Bahco Group AB of Sweden, and the continued introduction of new products.

"The universe in which Snap-on competes has expanded beyond the $7 billion market for mechanics' hand tools, to what we believe is a more than $200 billion global market for industrial and professional tools, accessories and supplies; and vehicle diagnostics equipment," said Cornog.

For a copy of the presentation, visit www.snapon.com/investor/investor.asp and click on the presentations link.

Snap-on Incorporated is a leading global developer, manufacturer and marketer of tool and equipment solutions for professional tool users. Product lines include hand and power tools, diagnostics and shop equipment, tool storage products, diagnostics software and other solutions for the transportation service, industrial, government, education, agricultural and other commercial applications, including construction and electrical. Products are sold through its franchised dealer van, company direct sales and distributor channels. Founded in 1920, Snap-on is a $2+ billion, S&P 500 company headquartered in Kenosha, Wisconsin and employs approximately 14,000 worldwide.

Statements in this news release that are not historical facts, including statements (i) that include the words "believes," "expects," "anticipates," or "estimates" or similar words with reference to the Corporation or management; (ii) specifically identified as forward-looking; or (iii) describing the Corporation's or management's future plans, objectives or goals, are forward-looking statements. The Corporation or its representatives may also make similar forward-looking statements from time to time orally or in writing. The Corporation cautions the reader that these statements are subject to risks, uncertainties or other factors that could cause (and in some cases have caused) actual results to differ materially from those described in any such statement. Those important factors include the timing and progress with which the Corporation can continue to achieve higher productivity and attain further cost reductions; the Corporation's ability to retain and attract dealers, to integrate Bahco successfully, to realize benefits in growth and efficiencies from e-business investments and to withstand external negative factors including changes in trade, monetary and fiscal policies, laws and regulations, or other activities of governments or their agencies; and the absence of significant changes in the current competitive environment, inflation, oil and fuel prices, currency fluctuations or the material worsening of economic and political situations around the world. These factors may not constitute all factors that could cause actual results to differ materially from those discussed in any forward-looking statement. The Corporation operates in a continually changing business environment and new factors emerge from time to time. The Corporation cannot predict such factors nor can it assess the impact, if any, of such factors on the Corporation or its results. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. The Corporation disclaims any responsibility to update any forward-looking statement provided in this news release.

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