Proliance International Inc · OTC:PLNTQ
Proliance International — Shareholder Meeting (May 2007)
15 slides from Proliance International's shareholder meeting presentation, May 3, 2007
Slide 1: Annual Stockholders Meeting May 3, 2007
Proliance International, Inc. <br/>(AMEX: PLI)<br/><br/>Annual Stockholders Meeting May 3, 2007 Presented by: Charley Johnson – President and CEO
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS
Slide 3: Agenda
Agenda 2006 Review Market Actions Results 2007 Outlook Performance Factors Goals Outlook
Slide 4: 2006: Market Conditions
2006: Market Conditions Soft market for heat exchange and A/C products, due to weather conditions and high fuel costs, which impacted miles driven and consumer buying? Soft market for heat exchange and A/C products, due to weather conditions and high fuel costs, which impacted miles driven and consu
Slide 5: 2006 Key Initiatives
2006 Key Initiatives First quarter 2006: High material costs caused us to announce an initiative to reengineer certain radiator products from copper/brass construction to aluminum/plastic construction. First quarter 2006: High material costs caused us to announce an initiative to reengineer certain
Slide 6: 2006 Financial Overview
2006 Financial Overview Net sales Cost of sales Gross margin Selling, general and administrative expenses Restructuring charges Operating lass from continuing operations Interest expense Income tax provision (benefit) Loss from continuing operations Income from discontinued operation, net of tax Gai
Slide 7: 2006 Financial Overview
2006 Financial Overview (in thousands) December 31, 2006 December 31, 2005 Cash an ash eutalents rae + 4886 citys oa $208 $0,208 Inventories, nt niget2 1080 other curent asses 7428 4088 Net property, plant and equipment. 23,876 20,333 other assets 12732 3139 Total assets $224,362 $217,339 ase cab $6
Slide 8: Domestic Business Segment
Domestic Business Segment Heat Exchange Heat Exchange Dollar sales decline, but unit volume improves Shift to wholesale distribution Impact of competitive pricing pressure Impacted by effect of high fuel costs on miles driven by consumers Mild winter season New local competition Temperature Control
Slide 9: International Business Segment
International Business Segment MexPar MexPar Impacted by restructuring activities related to decline of copper/brass production NRF NRF Increased demand in markets served Strong demand allows ability to pass through costs New product lines gained traction Stronger Euro
Slide 10: 2006 Objectives and Performance
Objective Performance 1. Continue to serve customers well during the integration period + Accomplished in 2006 with expanded customer relationships and new customers added, however, saw highly compe activity at branch level 2. Achieve synergy projections and expand cost-reduction activities + Comple
Slide 11: We Exit 2006 Better Positioned?
We Exit 2006 Better Positioned? Product competitiveness? radiators and A/C cost improvements? results not yet seen? will improve margins as we go through the year Product competitiveness? radiators and A/C cost improvements? results not yet seen? will improve margins as we go through the year Reduce
Slide 12: 2007: Factors Impacting Outlook
2007: Factors Impacting Outlook Continued price-down pressure in heat exchange products driven by global availability? our product engineering capabilities are a strength Continued price-down pressure in heat exchange products driven by global availability? our product engineering capabilities are a
Slide 13: 2007 Goals
2007 Goals Serve customers well Serve customers well Improve inventory turns Continue to sharpen our branch distribution model Implement additional product cost improvement actions that will improve margins, even in the face of a competitive marketplace, and continue to reduce overhead Achieve profi
Slide 14: 2007 Outlook
2007 Outlook First quarter loss a bit greater than 2006, as higher-cost inventory works its way through to market and other cost-reduction initiatives begin to take hold? first quarter 2006 benefited from higher preseason A/C orders First quarter loss a bit greater than 2006, as higher-cost inventor
Slide 15: Proliance International, Inc. (AMEX: PLI)
Proliance International, Inc. <br/>(AMEX: PLI)
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