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Exco Technologies Limited

Exco Technologies Limited. Investor Presentation. Principal Businesses. Casting and Extrusion Technology. Automotive Solutions. 2003 Sales . $231 million. Fiscal 2003. Sales $231M Net Income $17.1M EPS (1) $0.41 (1) Post-split. Extrusion and Casting Technology.

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Exco Technologies Limited

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  1. Exco Technologies Limited Investor Presentation

  2. Principal Businesses Casting and Extrusion Technology Automotive Solutions 2003 Sales $231 million

  3. Fiscal 2003 Sales $231M Net Income $17.1M EPS (1) $0.41 (1)Post-split

  4. Extrusion and Casting Technology Transmission case for F-Series truck Transmission case mould for F-Series truck

  5. Extrusion and Casting Technology Aluminium extrusion dies Extrusions for commercial construction

  6. Extrusion and Casting Technology Multi-Slide zinc die-casting machine Zinc die-castings

  7. Extrusion and Casting Technology • Competitive Edge • Significant barriers to entry • Low cost producer • Diverse customer and product base • World’s largest in product niche

  8. 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

  9. Automotive Solutions Storage, Restraint Systems and Interior Components

  10. Automotive Solutions Cargo Systems

  11. Automotive Solutions Painted Laser Etched Components

  12. Automotive Solutions • Competitive Edge • Low-cost producer – Mexican and Moroccan facility • Niche product line

  13. Barrier nets for vehicle safety • Market for storage products increasing • Penetrate European market Automotive Solutions Opportunities for Growth

  14. Corporate Culture • Divisions run as profit centres • Plant Managers’ bonus tied to plant profit performance • Employees are shareholders • Highly skilled and union-free workforce

  15. Corporate Governance • Independent Board of Directors • One class of common shares • Majority of stock options are “purchased”

  16. Dividend Policy • Annual dividend of $0.05 per share • Demonstrates confidence in future

  17. Sales

  18. Net Income

  19. 2003 Financial Results Twelve Months Ended September 30 20032002 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

  20. Financial Position September 30, 2003 Total net debt $30.4 Shareholders’ equity $140.7 Debt to equity ratio .21:1 • Financial position strong, YTD free cash flow • Favourable rate environment

  21. Return on Capital Employed (1) • 2003 18% • Excellent return • (1) Calculated as EBIT divided by shareholders’ equity plus total debt

  22. Margins 2003 2002 2001 2000 1999 Gross margin 35% 36% 36% 39% 40% EBITDA margin 19% 20% 20% 25% 27% • Exceptional margins

  23. Foundation for Growth • Outstanding long-term financial trends • New products and new markets • Investment in technology and capacity

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