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Exco Technologies Limited Investor Presentation
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Principal Businesses Casting and Extrusion Technology Automotive Solutions 2003 Sales $231 million
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Fiscal 2003 Sales $231M Net Income $17.1M EPS (1) $0.41 (1) Post-split
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Extrusion and Casting Technology Transmission case mould for F-Series truck Transmission case for F-Series truck
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Extrusion and Casting Technology Aluminium extrusion dies Extrusions for commercial construction
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Extrusion and Casting Technology Multi-Slide zinc die-casting machine Zinc die-castings
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Extrusion and Casting Technology Competitive Edge Significant barriers to entry Low cost producer Diverse customer and product base World’s largest in product niche
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Extrusion and Casting Technology Opportunities For Growth Automakers strive for fuel efficiency Extrusion tooling market share less than 15% Consolidation of aluminium extruders Market for magnesium die-cast machine
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Automotive Solutions Storage, Restraint Systems and Interior Components
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Automotive Solutions Cargo Systems
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Automotive Solutions Painted Laser Etched Components
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Automotive Solutions Competitive Edge Low-cost producer – Mexican and Moroccan facility Niche product line
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Automotive Solutions Opportunities for Growth Barrier nets for vehicle safety Penetrate European market Market for storage products increasing
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Corporate Culture Divisions run as profit centres Plant Managers’ bonus tied to plant profit performance Employees are shareholders Highly skilled and union-free workforce
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Corporate Governance Independent Board of Directors One class of common shares Majority of stock options are “purchased”
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Dividend Policy Annual dividend of $0.05 per share Demonstrates confidence in future
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Sales
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Net Income
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Sales$230.5$213.1 Net income$17.1$17.0 EBITDA$44.0$43.4 Cash flow from operations$32.2$32.0 EPS (1) –diluted $0.41$0.42 (1) Post-split 2003 Financial Results Twelve Months Ended September 30 2003 2002
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Shareholders’ equity $140.7 Debt to equity ratio.21:1 Financial position strong, YTD free cash flow Favourable rate environment Financial Position September 30, 2003 Total net debt $30.4
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Return on Capital Employed (1) 200318% Excellent return (1) Calculated as EBIT divided by shareholders’ equity plus total debt
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EBITDA margin19% 20% 20%25%27% Exceptional margins Margins 2003 2002200120001999 Gross margin35% 36% 36%39%40%
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Foundation for Growth Outstanding long-term financial trends New products and new markets Investment in technology and capacity
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