1. NOTE: To change the image on this slide, select the picture and delete it. Then click the Pictures icon in the placeholder to insert your own image. GOODYEAR TIRE AND RUBBER COMPANY (NASDAQ: GT) Analysts Bi (Brian) Ge Amey Dargude Mihir Londhe Rahul Gohil Shruti Shah Presented On 25 th February 2016

2. Agenda Introduction Business Overview Industry Overview Macroeconomic Factors Financial Analysis Valuation Technical Analysis Recommendation

3. Current Holding Purchased 200 shares @ $34.74 on 7 th Dec 2015 Current Market Price = $29.42 Loss on the position = $1064 (15.31%) Yahoo Finance, RCMP Portfolio page

4. Introduction The Goodyear Tire & Rubber Company is an Ohio corporation organized in 1898 The principal business is the development, manufacture, distribution and sale of tires and related products and services worldwide. Goodyear has the following portfolio of brands DunlopFuldaSava Debica Kelly Goodyear Goodyear Official Website

5. Business Breakdown Products  Tires Automobile Trucks Buses Aircraft Motorcycle Earthmoving and mining equipment Farm implements Industrial equipment  Tread Rubber and other treading material  Chemical Products  Automotive repair services Goodyear 2015 10K

6. Business locations North America  18 manufacturing facilities in US and Canada  Supplies tires to manufacturers of automobiles, motorcycles, trucks and aircraft Latin America  6 manufacturing facilities in 5 countries  Manufactures and sells automobile and truck tires  Building a new one in Mexico EMEA  17 manufacturing facilities in 9 countries  Supplies tires to vehicle manufacturers throughout the region Asia Pacific  8 manufacturing facilities in 6 countries  Sells primarily Goodyear brand tires across the region  Sells Dunlop brand in Australia and New Zealand  Around 50 Manufacturing Facilities in 22 countries  Two R&D facilities and technical centers  Eight tire proving grounds  Approximately 1,200 retail outlets  Around 60 tire retreading facilities, and 170 warehouse distribution facilities. Goodyear Official Website

7. Management View Risks in the Business Face significant global competition and market share could decline Raw material Foreign currency risk Possibility of higher capital expenditure to remain competitive Substantial debt may hinder growth Extensive government regulation Key Strategies Focus on product development Target profitable segments with competitive advantage Reduce cost and optimize working capital Deliver best customer service Building human capital Higher tire unit volume expected for 2016 Goodyear 2015 10K

8. SWOT Analysis Stringent regulations Intense competition both in price and quality Unfavorable currency exchange impact New products & services Business expansion activities in global markets Buoyant demand for automobiles High Leverage ratio Exposure to markets with weakening growth Strong R&D Manufacturing capabilities Strong market presence Broad product portfolio SW TO Goodyear 2015 10K

9. Macroeconomic Overview: Supply Rubber PriceUSD Value IBISWorld Database

10. Macroeconomic Overview: Demand HIS Global Insight

11. Industry Overview Market Share Product Mix IBISWorld Database

12. Industry Overview Porter’s Five Forces Very few powerful competitors Low cost competition from Asian companies High market grown High levels of product differentiation IBISWorld Database

13. Financial Analysis: Ratios

14. Financial Analysis: DuPont Analysis and Greenblatt ratios

15. Financial Projections

16. Discount Rate

17. Valuations: DCF

18. Valuations: Comparable Bloomberg

19. Technical Analysis Yahoo Finance

20. Key Issues Recommendation Sell 200 shares at market Current price $29.42 DCF Valuation $21. 44 Comparable Valuation $26.79 Economic Instability Slower growth in major market High Debt level Reducing revenues for past 5 years Appreciating Dollar Yahoo Finance| Analysis

21. Thank You Q&A