Dana Incorporated · NYSE:DAN
Dana — Bank of America Merrill Lynch Leveraged Finance Conference (November 2011)
20 slides from Dana's conference presentation, Nov 30, 2011
Slide 1: The Dana Story
Exhibit 99.1 The Dana Story Dana Holding Corporation Bank of America Merrill Lynch Leveraged Finance Conference Jim Yost Executive Vice President & CFO November 30, 2011
Slide 2: Safe Harbor Statement
Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections
Slide 3: Company Snapshot
The Dana Story Company Snapshot • Founded in 1904 • Based in Maumee, Ohio • 2010 sales: $6.1 billion • Global customers and operations • Production facilities in 26 countries • 14 technical centers • 87 manufacturing facilities • Customers in 125 countries • About 24,000 employees
Slide 4: The Dana Difference
The Dana Difference Innovation and Technology Core Competencies • Driveline Technologies • Sealing Systems • Thermal Management Solutions Customer and market diversity Global footprint
Slide 5: Market Diversity
Market Diversity (September 30, 2011 YTD*) Passenger Cars & Trucks Commercial Vehicles Off-highway Markets 42% 38% 20% * 100% of DDAC sales included from Jan 1, 2011 © Dana Limited
Slide 6: Customer and Geographic Diversity
Customer and Geographic Diversity September 30, 2011 YTD Paccar 5% Navistar 2% GM 1% Nissan 1% Daimler 1% Caterpillar 1% Oshkosh 1% Other 16% Agco 2% Fiat 1% Daimler 1% Ford 1% Manitou 1% Man 1% Volvo 1% Tata 1% Deere 1% Chrysler* 7% Ford 10% Other 11% Fiat 1% GM 1% Daimler 1% Volvo 2% Ford 2% Other
Slide 7: Global Footprint
Global Footprint Our global manufacturing and engineering footprint is a competitive strength Supports the growth of our global customers Gains access to many new, non-traditional customers in emerging markets
Slide 8: Light Vehicle Products
Light Vehicle Products Propshafts Axles Thermal Engine Oil Cooler Active Warm-up Unit Charge Air Cooler Transmission Oil Cooler Fuel Cooler Power Steering Oil Cooler Sealing Cylinder Head Cover Module Cylinder Head Gasket Secondary Gaskets Valve Stem Seals Thermal Acoustical Protective Shielding The
Slide 9: Commercial Vehicle Products
Commercial Vehicle Products Full Driveline Offering Steer Axles Drive Axles Propshafts Tire Management System Thermal Engine Oil Cooler Transmission Oil Cooler Sealing Cylinder Head Cover Module Cylinder Head Gasket Secondary Gaskets Thermal Acoustical Protective Shielding Thermoplastic Oil Pan Exha
Slide 10: Off-Highway Products
Off-Highway Products Complete System Offering Transmission Axles Propshafts Central Tire Inflation System Thermal Engine Oil Cooler Transmission Oil Cooler Sealing Cylinder Head Cover Module Cylinder Head Gasket Secondary Gaskets Valve Stem Seals Thermal Acoustical Protective Shielding Thermoplastic
Slide 11: Battery Cooling Technology Electric and Hybrid-Electric Platforms
Battery Cooling Technology 20 Electric and Hybrid-Electric Platforms Chevrolet Volt Azure Dynamics (Ford Transit Connect EV) Tesla Roadster Ford Focus EV
Slide 12: Innovation and Technology
Innovation and Technology Common Value Drivers • Fuel efficiency • Emissions control • Electric and hybrid-electric solutions • Durability and cost of ownership • Regionalization
Slide 13: New Product Technologies
New Product Technologies Diamond™ Series driveshaft AdvanTEK® axle Pro-40™ tandem drive axle Active warm-up unit Hydro-mechanical variable powersplit transmission system
Slide 14: Financial Flexibility
Financial Flexibility Sales and net income growth Cost discipline Strong balance sheet
Slide 15: Financial Summary
Financial Summary ($ in Millions, except EPS) Q3 2011 Memo: Actual vs. Q3 2010 Year-to-Date Sales $ 1,952 $ 436 $ 5,685 Adjusted EBITDA 200 52 582 Income before Interest Expense And Income Taxes* 155 91 290 Net Income* (attributable to Dana) 110 64 148 Diluted Adjusted EPS 0.45 0.17 1.24 Capital Spe
Slide 16: Free Cash Flow
Free Cash Flow ($ in Millions) Q3 2011 vs. Memo: Actual 2010 Year-to-Date Adjusted EBITDA $ 200 $ 52 $ 582 Working Capital* 3 48(239) Capital Spend(56)(20)(127) Interest & Taxes(48)(35)(77) Restructuring(35)(22)(59) Other(14)(32)(21) Free Cash Flow $ 50 $(9) $ 59 * The changes in working capital rel
Slide 17: Sources & Uses of Liquidity
Sources & Uses of Liquidity ($ in Millions) December 31, 2010 Liquidity $ 1,389 2011 Items (thru 9/30/11) Free Cash Flow 59 Reinvestment into Business Net Acquisitions / Growth *(151) Debt refinancing(127) Other (primarily increase in credit line availability) 147 September 30, 2011 Liquidity $ 1,31
Slide 18: 2011 Financial Targets
2011 Financial Targets Plan Prior Present * Sales Up 10%+ (vs. 2010) Up 25%+ (vs. 2010) Up 24% (vs. 2010) Adjusted EBITDA $675 – 700 Mil ~$780 Mil $755—$765 Mil Adjusted EBITDA as % of Sales 10%+ 10%+ 10%+ Free Cash Flow >$100 Mil >$200 Mil $175—$200 Mil * Changes driven by revenue declines due to f
Slide 19: Financial flexibility + Abundance of opportunity + The Dana Difference
Financial flexibility + Abundance of opportunity + The Dana Difference = Profitable, sustainable growth
Slide 20: Appendix: Non-GAAP Financial Information
Appendix: Non-GAAP Financial Information The preceding slides refer to adjusted EBITDA, a non-GAAP financial measure we have defined as earnings before interest, taxes, depreciation, amortization, non-cash equity grant expense, restructuring expense and other nonrecurring items (gain/loss on debt ex
Dana Holding — Bank of America Merrill Lynch Leveraged Finance Conference (November 2011) on 6ix