Owens Corning Inc · NYSE:OC
Owens Corning — Imperial Capital 2007 Global Opportunities Conference
20 slides from Owens Corning's conference presentation, Nov 2, 2007
Slide 1: Imperial Capital 2007 Global Opportunities Conference
Imperial Capital 2007 Global Opportunities Conference Mike Thaman, Chairman & CEO-Elect November 2, 2007 Today’s Focus: Owens Corning’s Growth in Fiber-Glass Composites Exhibit 99.1
Slide 2: Forward-looking Statement and Non-GAAP Measures
Forward-looking Statement and Non-GAAP Measures This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to risks
Slide 3: Owens Corning At A Glance
Owens Corning At A Glance Founded in 1938, an industry leader in glass fiber insulation, roofing and asphalt, and glass fiber composite solutions 2006 sales: $6.5 billion 20,000 employees in 30 countries Market capitalization: $3.1 billion Diluted shares outstanding: 131.1 million Senior debt rating
Slide 4: Market Leadership & Strong Brand Equity
Market Leadership & Strong Brand Equity Leading North American Market Positions Residential Insulation Commercial & Industrial Insulation Manufactured Stone Veneer Residential Shingles Roofing Asphalts Global Leader Glass Fiber Reinforcement Materials for Composites
Slide 5: Business Segment Overview
Business Segment Overview (1) Percentages by segment based on revenue of $3.8B before corporate eliminations (2) Percentages based on segment results before Chapter 11-related reorganization items, Asbestos Litigation recoveries, restructuring credits, OCV Reinforcements transaction costs, losses re
Slide 6: Owens Corning takes actions to perform through the cycle
Owens Corning takes actions to perform through the cycle: What We Announced Yesterday… Announced completion of the acquisition of Saint Gobain’s Reinforcements and Composite Fabrics businesses, accelerating global growth strategy Given weakness in new residential construction, results for the quarte
Slide 7: Business Segment Overview
Business Segment Overview (1) Percentages by segment based on revenue of $6.6B before corporate eliminations (2) Pro Forma Percentages are based on Full Year 2006 revenue and take into account the Saint Gobain Reinforcements and Composite Fabrics acquisition as well as the sale of the Siding Solutio
Slide 8: Rebalancing of End-Use Markets
U.S. & Canada Residential Repair & Remodeling 32% U.S. & Canada New Residential Construction 37% International 13% U.S. & Canada Commercial & Industrial 18% U.S. & Canada Residential Repair & Remodeling 26% U.S. & Canada New Residential Construction 29% International 23% U.S. & Canada Commercial & I
Slide 9: Today, 95% of composite materials use glass reinforcement fibers
Today, 95% of composite materials use glass reinforcement fibers What is a “Composite”? An engineered material system… combining reinforcement fibers… – glass, carbon, aramid with another material… – e.g., thermoset or thermoplastic resins, gypsum, ceramic resulting in unique, high performance attri
Slide 10: A World of Opportunities for Composites: Material Substitution
Wood A World of Opportunities for Composites: Material Substitution Source: E-Composites, Owens Corning Steel Plastics Aluminum Composites 1.5% Global Materials Market by Volume
Slide 11: A Fast Growing Business Environment
Driven by key macro trends: - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 5% CAGR Growing Global Demand A Fast Growing Business Environment Globalization/emerging economies Green solutions Energy consumption Style/functionality Source: U.S. Fiber Economic Bureau, APFE, Owens Corning Global I
Slide 12: Diverse Industry Markets
Key drivers in major markets: Diverse Industry Markets Low cost, lightweight transportation High strength and durable infrastructure Affordable and renewable energy Smaller, more functional electronics Aesthetically pleasing, low-maintenance housing Source: Owens Corning 2005 Global Market Analysis
Slide 13: We Create Products for Customers in Numerous Markets
Chopped Fibers Fabrics Continuous Fibers Mats We Create Products for Customers in Numerous Markets Chopped Fibers Fabrics Continuous Fibers Mats
Slide 14: OC Chopped Fibers
OC ® Chopped Fibers Primary Markets Transportation Automotive Electronics Appliances
Slide 15: OC Continuous Fibers
OC ® Continuous Fibers Primary Markets Infrastructure Fabrics
Slide 16: OC Fabrics
OC ® Fabrics Primary Markets Energy Defense Aerospace Recreational
Slide 17: OC Mats
OC ® Mats Primary Market Construction
Slide 18: Composite Solutions Business
Composite Solutions Business U.S. & Canada Commercial & Industrial 36% U.S. & Canada Residential Repair & Remodeling 13% U.S. & Canada New Residential Construction 4% International 47% U.S. & Canada Commercial & Industrial 26% U.S. & Canada Residential Repair & Remodeling 8% U.S. & Canada New Reside
Slide 19: Composite Solutions Business: Financial Performance
Composite Solutions Business Financial Performance ($MM)** Sales EBIT Margin as % of Sales **Excludes gains from the sale of metal ($45 million in 2006, $7 million in 2005) Source: Owens Corning 2006 10K and 2007 10Qs 1,000 1,200 1,400 1,600 LTM - 9/30/07 0% 4% 8% 12%
Slide 20: Questions & Discussion
Questions & Discussion Source: U.S. Fiber Economic Bureau, APFE, Owens Corning Global Industry Database Owens Corning is the Global Leader in Glass Fiber Reinforcements
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