Cooper Standard 3Q 2010 Third Quarter Earnings Call November 15 15, 2010
Introduction & Agenda g Introduction Financial Overview Glenn Dong Allen Campbell Vice President and Treasurer Chief Financial Officer Executive Overview Jim McElya Question & Answers Chairman and Chief Executive Officer…
Executive Overview Q3 2010 Jim McElya Chairman & CEO
Executive Overview Solid financial performance Increased g gross p profit margin g Year-to-date gross business awards of 527 million* Strong balance sheet * Based on currently estimated production volumes for the future…
Executive Overview Gl Global b l automotive t ti production d ti iimproving, i with ith continued growth in BRIC regions Established presence in Brazil, China and India yielding results Industry consolidation creating…
Commercial Highlights Q3 2010 Ed Hasler President
Commercial Highlights g g Cooper Standard sales growth continues Recognized g by y customers for q quality y excellence Nominated for innovation award Well positioned in emerging markets cooperstandard 9
Global Product Launches & Customer Recognition Global launches include: Customer Recognition: Ford Explorer (North America): Nissan S li Sealing; Thermal Th lM Management;t Fuel, F l BBrake k &E Emissions i i Most Improved…
BRIC Operations Country of Plants Customers Product Lines Fiat Volkswagen Body Sealing Ford Renault/Nissan Fuel Brake & Emissions Fuel, Brazil 2 GM Honda Toyota PSA Thermal Management Power Management Hyundai Russia E v o l v…
Sales By y Region g & Product Groups p Sales By Region Sales By Product Groups Asia Pacific South America 8% 6% Thermal Mangement 10% Fuel, Brake & Non-Automotive Emissions 5% 29% Anti-Vibration Systems Europe 8% 34%…
Cooper p Standards Top p 20 Platforms Q3 2010 1 Ford 2 Ford 3 GM 4 Ford 5 GM F150 Tribute/Escape Tahoe/Yukon/ Fiesta/Fusion Silverado/Sierra Escalade Cooper 6 GM 7 Ford 8 Ford 9 Ford 10 GM Standard Lacrosse/Insignia Fusion /…
Financial Overview Q3 2010 Allen Campbell Chief Financial Officer Due to Cooper Standards adoption of fresh start reporting on May 31, 2010, in some of its financial reports, the companys financial information for periods ended on or…
Q3 and YTD September p 2010 Performance Millions Q3 2009 Q3 2010 YTD 2009 YTD 2010 517.7 585.7 Net Sales 1,367.7 1,810.4 82.1 102.1 Gross Profit 175.2 312.8 24.8 8 28.8 88 Operating Profit (Loss) (381.4)) ( 116.5 10.8…
EBITDA and Adjusted j EBITDA Reconciliation 9 Months Ended September 30th USD Millions 2009 2010 Net Income (Loss) (393.5) 662.1 Provision for income tax expense (31.3) 45.3 Net Interest expense 53.6 58.7 Depreciation and…
Cash Flow 3Q 2010 ( in Millions) Q3 - 2010 Cash C h ffrom O Operations ti 60.7 60 7 Changes in operating assets & liabilities 13.7 Cash from Operations 74.4 Capital Expenditures (17.4) (17 4) Cash from Operations less CAPEX…
Liquidity q y as of September p 30,, 2010 Cash on Balance Sheet 232.3M ABL Revolver 125.0M Letters of Credit (36.3)M Total Liquidity 321.0 M 23% increase in cash from the prior Net leverage = 245 million quarter Net leverage…
Non-GAAP Financial Measures EBITDA and adjusted EBITDA are measures not recognized under Generally Accepted Accounting Principles (GAAP) which exclude certain non-cash and non- recurring items. When analyzing the companys operating…
Q Questions ti & Answers A
Closing g Comments Solid 2010 results Strong balance sheet Positive customer relationships Well positioned for global expansion cooperstandard 21
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