1. March 1, 2002 The Alcar Group

2. 2 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

3. 3  Founded in 1979 by two Professors from Northwestern University’s Kellogg School of Management, Al Rappaport and Carl Noble Jr.  Al Rappaport authored Creating Shareholder Value  Years of Development has Resulted in a User-Friendly Tool with Vast Reporting Capabilities and Flexibility.  Proof of Product’s Success Evident in Customer Base of Over 2,000 Corporate clients across every Industry and Sector.  Current Clients (e.g.,Mead/Westvaco, Deutsche Bank, SBC Communications,Baxter, Macromedia, Humana) have helped shape the Alcar Solution. The Alcar Group, Inc. Background

4. 4 The Alcar Vision The Alcar Solution  To improve the efficiency and integrity of the entire planning & analysis process by providing: - Analytical Power & Flexibility - Built in Financial Intelligence - GAAP Integrity - Financial Transparency - Process Standardization  Alcar achieves this by integrating Short and Long Term Planning, Corporate Development, and Treasury functions.

5. 5 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

6. 6 Challenges of Planning Budgeting Databases lack Analytical Intelligence SPREADSHEETS DATABASES Lead to Data collection ≠ Analysis ‘Run times’ for full financial analysis can be extremely high. Financial intelligence must be “built” in by implementation. Limited flexibility for running multiple scenarios and consolidation structures. Poor analytical tool for business units.

7. 7 Spreadsheets Decrease Efficiency and Increase Risk Risk of flawed calculation logic in spreadsheets. Difficult to analyze alternative scenarios. Fragmented process with no quality control. Lengthy audits leaving little time for analysis. Limited consolidation flexibility Challenges of Planning Increased risk Decreased efficiency SPREADSHEETS Lead to

8. 8 KPMG, Coopers confirmed Spreadsheets’ Faults They concluded: 90-95% of detailed spreadsheet models contained at least one significant error Approximately 80% of Excel models had no formal system for quality assurance Faulty Excel models contribute to bottom line differences in excess of 5% SPREADSHEETS INCREASE RISK & DECREASE EFFICIENCY Spreadsheet Limitations

9. 9 Limitations of Other Applications BUDGETINGPLANNING CORPORATE DEVELOPMENT TREASURY Other Applications Fragment Planning & Analysis Process

10. 10 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

11. 11 Long-Term Planning Treasury Short-Term Planning Monthly / Quarterly analysis Earnings management Variance analysis Reforecasting Rolling forecast Covenant and Ratio Analysis Target Capital Structures Share Repurchases Interest Rate and Macroeconomic Scenarios ALCAR Solution Mergers & Acquisitions Divestitures Joint ventures Deal structure & synergies Value impact on corporate plan Earnings accretion / dilution Business Unit consolidation Legal vs. Management views Plan validation What if... Analysis Funding Alternatives Alcar combines all Planning Activities into One Core System The Alcar Solution Corporate Development

12. 12 Alcar’s Consolidations are Flexible and Financially Sound The Alcar Solution Business Unit B Business Unit B Business Unit A Business Unit A Consolidated ● Level of Detail is Completely Customizable TOTAL REVENUE: Product Revenue Service Revenue Other Revenue PRODUCT REVENUE: Penetration Rates Domestic Revenue International Product Mix Regional Analysis SERVICE REVENUE: Consulting Revenue Billable Hours Business Cycle and Seasonal Factors ● Analytical Analysis can be performed throughout entire Consolidation Structure

13. 13 The Alcar Solution Business Unit B Business Unit A Corporate Business Unit C Business Unit D Plant 1 Plant 2 Plant 3 Division 1 Division 2 Revenue Data Cost Data Multi-Level Consolidations are easy to Perform and Adjust Acquisitions can be layered anywhere within the Organization Acquisition

14. 14 The Alcar Solution’s Advantages Increase Efficiency The Alcar Solution ● Scenario Management – Unlimited Possibilities focusing on Specific Variables, all Self-Contained within Each Model ● Time Period Flexibility – Changing Time Detail, Adding, Deleting, and Moving Deal Periods are easy Changes ● Financial Intelligence - IS, BS, and Cash Flow are all integrated, DCF analysis and various valuation tools are built in ● Funding Options – Prioritization and Application of various Instruments across Funding Surpluses/Deficits and Capital Structures ● M&A/Divestiture Analysis – Various Deal Structures, Transaction Timing, Target Valuations, and Synergies can be layered in at any level of the Corporate Organization. ● Other Analytical Tools – Sensitivity Calculators, Valuation Options, Tax NOL Calculator, Depreciation Scheduler, etc.

15. 15 Alcar Manages Planning Process & System Continuity The Alcar Solution Firewall Corporate Planning Manager Analyst (Short-term Tracking) CFO (Reports) SBU A Planning Manager SBU B Planning Manager Analyst (Long-term Funding & Covenants) Bus.Dev. Analyst (M&A)

16. 16 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

17. 17 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

18. 18 DevelopmentDesign Testing Documentation Review planning goals Determine level of detail and structure Develop value driver maps with key linkages Define Q&A process for system validation Roll-Out Construct models based on value driver maps and structure Develop mapping to existing or required systems Customize reports Develop test plan Load data into system Run system Calibrate system by analyzing results with previous models and market data Document all Models and Processes ­Structure Overview ­Maps ­Key analysis definitions ­How to use Train key users On-site assistance during Roll-Out Assistance with any fine- tuning of the models Assistance with the first round of updates, analysis, and consolidation Alcar is implemented by FINANCE professionals, not IT Alcar’s customized training empowers users to make model changes themselves quickly and easily The Alcar Solution

19. 19 Company Background Challenges of Planning The Alcar Solution Software Demonstration The Implementation Process Training and Support Agenda The Alcar Solution

20. 20 Customized Training and Documentation Ensures Users are Prepared to use the System Effectively Customized Training Programs are developed with each client Multiple courses, e.g., Beginner, Intermediate, Advanced, easily integrate with Client’s Training Schedules Case-Study Approach using Client specific examples Web-Based training and Self-Study materials available Documentation explains the ‘How To’ behind all Models Each model and template is individually detail to guide users and facilitate Alcar Support Yearly and Quarterly Audits keep Documentation current The Alcar Solution

21. 21 HelpLine and On-Site Support are also available HelpLine Staffed by Financial Professionals who have your Documentation at their fingertips Available 365 days a year Global Support: Alcar Offices in Chicago, Sao Paulo, & Amsterdam On-Site Visits Our Implementation staff is also available for On-Site support for more personalized assistance The Alcar Solution

22. 22 Selected Client List The Alcar Solution