1. Quarterly Results and FY 2006 Financial Outlook
Adventure Works | Doris Hartwig | July 2005
Quarterly Results and FY 2006 Financial Outlook

2. Agenda
Quarterly Results – 4th Quarter FY 05
FY 2006 Financial Outlook

3. 4th Quarter 2005 Adjusted Financial Highlights
% Change
Adjusted EPS
$6.2M
0.0%
Revenues
$14.2M
(0.5%)
Cash Expense
$1.6M
0.7%
Operating Expense
$12.5M
0.3%
Operating Income
$2.3M
(0.2%)
EBITDA
$2.8M
(1.2%)
Debt
($1.2M)
(10.6%)

4. Earnings Reconciliation
Reported Earnings (loss) per share
($.12)
Investment-related Write-downs
$.10
Investment 1
Investment 2
$.07
$.03
Gain on Sale
$.05
$.02
Adjusted Earnings per Share

5. Balance Sheet Highlights
Reduced debt by more than 10%
Anticipate profits from sales of ancillary subsidiaries

6. Innovation and Marketing
3 new products/services in Research and Development
Rollout planned for new division
Campaigns targeting new markets

7. 4th Quarter Summary Economic environment impedes sales
Renewed commitment to innovation and marketing

8. Projected Earnings

9. 2006 Projected Outlook Assumptions Economic recovery imminent
Pending issues
Legacy holdings
Regulatory changes
Capital management
Balance sheets

10. FY 2006 Projections Estimated % Change Revenue Growth $14.2M (0.5%)
EPS
$1.6M
0.7%
Capital Expenditures
$12.5M
0.3%

11. Projected Capital Expenditures

12. Summary Additional capital flow anticipated in 3rd Quarter
Development, marketing key