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Whirlaway Corporation:

I. Snap shot. Whirlaway Corporation: World class provider of manufacturing services to the precision metal components industry. Division of NN, Inc…public company with revenues of $400M Global footprint Financially sound 35 years experience 300 employees. II. Where We Fit.

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Whirlaway Corporation:

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  1. I. Snap shot • Whirlaway Corporation: • World class provider of manufacturing services to the precision metal components industry. • Division of NN, Inc…public company with revenues of $400M • Global footprint • Financially sound • 35 years experience • 300 employees

  2. II. Where We Fit

  3. III. Customers C ontinental

  4. IV. Markets Automotive HVAC Diesel Fluid Power

  5. IV. Markets Automotive HVAC 2009 Diesel Fluid Power

  6. V. What We Do We help our customers do four things: • Outsource mission-critical components & assemblies • Take costs out of the manufacturing process • Get to market faster • Rescue Troubled Projects

  7. VI. facilities • Wellington Plant #2 • Company Headquarters • 86,000 Sq. Ft. • 143 Employees • Major products • Diesel VVT hydraulic valve assembly • Diesel fuel system valve assembly • Compressor shut down valve • Compressor crank shafts • Camphaser OCV • HPDGI injector sub assembly • Wellington Plant #1 • 136,000 Sq Ft. • 95 Employees • 8,000 Sq. Ft. Tool Room • Products • ABS pump assemblies • Diesel Injector Retaining Nut • Transmission valve components • Appliance main drive components • Electric power steering components • Diesel Engine & drive

  8. VII. Five Things Make Us Different Strategic Focus Automated Assembly & Test One Stop Shop Financial Stability Product Development • We are only interested in: • Highly-engineered • Difficult-to- manufacture • Mission critical components & assemblies We have the in-house ability to build automated assembly & test technology for half the cost & in a third the time of an outside vendor • In one location we can provide customers with: • Prototyping • DFM • Metrology • Tool-to-Order • Enables us to: • invest in our customers’ businesses • Hire & retain the best people • High customer value • Rapid Prototyping • Gives us competitive advantage on production award

  9. VIII. New Programs Delphi Multech HPDGi Assemblies ZFLS Steering Gear Components ZFLS Steering Gear Components Hilite Cam Phasing Components Rexroth Stroking Piston Assembly Currently launching major new programs worth more than $180 million in revenue over the next five years.

  10. VIII. New Programs • Bosch Rexroth – Stroking Piston • Product Function – Variable Displacement for Mobile Hydraulic Pumps • Seven Components, Assembly, Functional Test • SOP – Q2 2011 • Full volume of 110,000 Units in 2012 ($5M) Rexroth Stroking Piston Assembly

  11. VIII. New Programs • Hilite Central Bolt & Spool • Product Function • Electromechanical valve that uses engine oil to control the phasing of camshafts for variable valve timing (one per camshaft; four per engine) • Components • Five part numbers=$28/engine • SOP 2010 • $15M in revenue in 2011 • Negotiating expansion of capacity Hilite Cam Phasing Components

  12. VIII. New Programs • Delphi Multech • Product Function • Injector subassembly for HPGDi • Pole Piece Assembly • Assembled & tested; Laser Welding and 100% hydrogen leak testing • SOP • 2010 Hyundai • 2011 GM • Full Volume 2014 (7.1 M units) • Successfully delayed significant capitalization until 2011 through the implementation of a low volume cell Delphi Multech HPDGi Assemblies Laser welding partnership with IPG

  13. VIII. New Programs • ZF Steering Systems • Product Function • Three components used in a sensor assembly for Electric Power Steering systems • Components • Steering pinion, input pinion, input shaft • SOP • Q1- 2011 • Peak Volume • 2011 - $10M • 2012 - $21M • 2013 - $24M • 2014 - $22M ZFLS Steering Gear Components

  14. IX. New Booked Business Expected Revenue From Recently Booked Business • Highly creative measures have been taken to drastically reduce capital requirements to launch these programs • Revenue estimates contain upside potential

  15. X. High Probability Opportunities

  16. XI. Tempe Closure • Formal announcement of closure January 5, 2010 • Wind down plan implemented with closing date of August 31st, 2010 • Completed transfer of TRW into Plant 1 in September • Highest margin products, $5mm book with several years minimum • Continental & Bosch unable to comply with timing • Sold majority of remaining assets to Chris Mueller effective 9/1/10: • Newco will service Bosch & Continental • Enabled timely exit for NN

  17. XII. Transfer of TRW Business • TRW Automotive Chassis Braking Systems • Product Function • Anti-lock and Slip Controlled Breaking Components • Used on eight-seven different platforms – Ford, Chrysler, GM, Mitsubishi, Mazda, Fiat, BMW, … • Components • 55 Total • 20 High Volume - Pistons, Seats, Dump Seats, Check Valves • 35 Lower volume for service and Slip Controlled Braking • Assests • 65 pcs of equipment, gaging, tooling transferred to Wellington • Labor • 37 hourly associates, several transferred from Tempe, Az. • Volume • 2010 - $1.7M • 2011 - $6M • Growth opportunity with Hybrid technology(SCB)

  18. XII. In Conclusion Thanks for your attention.

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