1. 1 Copyright © 2006 Deloitte Development LLC. All rights reserved. The Case ABC Automotive Products has selected you to advise them on the sale of their company. As analysts you have been assigned to construct the valuation analysis that will be used in the coming days to evaluate several incoming offers. The analysis is critical for the client as they will be using as the bases for which offer they will accept. ABC is expecting to see strong supporting analysis of how you arrived at the valuation. You must provide a strong supporting financial model to support the range of values that you arrive at. Using the attached information which includes a company snapshot, public comps, comparable transactions, Income Statement, and a DCF analysis, you need to determine a range of values for ABC Automotive Products. ABC Automotive Products is a vertically integrated supplier controlling all aspects, and taking responsibility for, the design and manufacture of on-glass connection systems, including the soldering process on customer glass and the functionality in the vehicle or component assembly. Company Snapshot

2. 2 Copyright © 2006 Deloitte Development LLC. All rights reserved. Valuation Methodologies Valuation Analysis

3. 3 Copyright © 2006 Deloitte Development LLC. All rights reserved. Discounted Cash Flow (Includes Income Statement)

4. 4 Copyright © 2006 Deloitte Development LLC. All rights reserved. Comparable Transactions

5. 5 Copyright © 2006 Deloitte Development LLC. All rights reserved. Comparable Public Companies

6. 6 Copyright © 2006 Deloitte Development LLC. All rights reserved. Range of Value Summary

7. 7 Copyright © 2006 Deloitte Development LLC. All rights reserved. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting and financial advisory services—and serves more than one-half of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte”, “Deloitte & Touche”, “Deloitte Touche Tohmatsu” or other related names. In the US, Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP. The subsidiaries of the US member firm are among the nation's leading professional services firms, providing audit, tax, consulting and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the US member firm’s web site at www.deloitte.com/us.www.deloitte.com/us All investment banking products and services within the United States are offered exclusively through Deloitte & Touche Corporate Finance LLC. Deloitte & Touche Corporate Finance LLC is a wholly owned subsidiary of Deloitte Financial Advisory Services LLP. Disclosure Deloitte & Touche Corporate Finance LLC (“D&TCF”) is the U.S. corporate finance practice of Deloitte & Touche USA LLP, the US member firm of Deloitte Touche Tohmatsu. D&TCF is a member firm of the National Association of Securities Dealers (NASD). D&TCF is also registered with the SEC as a Securities Broker/Dealer. Sell side advisory services, buy side advisory services, private placement advisory services, transaction sourcing services and general corporate development advisory services are provided by Deloitte & Touche Corporate Finance LLC. Certain related transaction services in support of Deloitte & Touche Corporate Finance LLC engagements are provided by Deloitte Financial Advisory Services LLP, the parent firm of Deloitte & Touche Corporate Finance LLC. These include services related to valuation, regulatory and licensing support and reorganization and restructuring. Consulting services relating to post-merger integration, network optimization, customer relationship management, supply chain management, back office billing systems and MIS solutions and human capital management, are offered by Deloitte Consulting LLP. Transaction due diligence services are offered by Deloitte & Touche LLP. Tax services are offered by Deloitte Tax LLP. Deloitte Consulting LLP, Deloitte Touche LLP and Deloitte Tax LLP are both wholly owned subsidiaries of Deloitte & Touche USA LLP, the parent of Deloitte Financial Advisory Services LLP. The transaction or transaction related experience listed in the foregoing descriptions and tombstones entail engagements in which there was material participation by either Deloitte & Touche Corporate Finance LLC, the Corporate Finance Practice of Deloitte & Touche LLP (the predecessor practice of D&TCF) and / or a non-US corporate finance practice of a member firm of Deloitte Touche Tohmatsu.