Dana Incorporated · NYSE:DAN
Dana — Deutsche Bank 2014 Global Auto Industry Conference
20 slides from Dana's conference presentation, Jan 14, 2014
Slide 1: Deutsche Bank 2014 Global Auto Industry Conference
Exhibit 99.1 Honesty & Integrity Deutsche Bank Good Corporate Citizen 2014 Global Auto Industry Conference Open Communication Continuous Improvement January 14, 2014 © 2014 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsid
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: Dana Snapshot
Dana Snapshot Dana is the global technology leader in efficient power conveyance and energy management solutions that enable our customers to achieve their sustainability objectives Founded in 1904 Facilities in 26 countries Serving customers in 125 countries 2013 preliminary sales ~$6.77 billion Ad
Slide 4: Applying Dana's Expertise
Applying Dana’s Expertise End Markets Business Segments Light Vehicle Commercial Vehicle Off-Highway Power Driveline Driveline Driveline Technologies Competencies And Technologies © Dana 2014 4
Slide 5: 2013 Summary
2013 Summary Continued building solid base for growth with new product introductions and investment in engineering and technology Opened two new technical centers in Asia Spicer ® Driveshafts are featured on the Dodge Ram 1500, Motor Trend’s 2014 Truck of the Year Dana again has products on six of W
Slide 6: 2013 Preliminary Sales Breakdown
2013 Preliminary Sales Breakdown Business Unit and Customer MARKET REGION © Dana 2014 Consolidated sales only 6
Slide 7: Product Technologies Fueling Growth
Product Technologies Fueling Growth Key Products for Spicer ® 318 Spicer ® AdvanTEK® Axle Spicer ® AdvanTEK® 40 Near-Term Growth Transmission Tandem Drive Axle Spicer ® Modular Lightweight Cam VariGlide CVP Ag. Axle Cover Long® Active Warm-up Unit Spicer® Power Boost™ Lightweight Beam Spicer ® Model
Slide 8: Financial Highlights
Financial Highlights 8
Slide 9: 2013 Preliminary Financial Results
2013 Preliminary Financial Results Preliminary 2013 Guidance Results Sales ~$6.7 B $6.77 B Business Segment EBITDA Adjusted EBITDA ~$750 M $745 M Sales Margin LVD $2.5 B 9.5% CVD 1.9 B 10.4% Margin ~11.1% 11.0% OHD 1.3 B 12.3% PTG 1.0 B 14.6% Capital Spend ~$190 M $208 M Free Cash Flow $240 – $260 M
Slide 10: Capital Structure Update
Capital Structure Update Share Repurchase Program To Date: Utilization: Q4: $15M Q1: $24M Q2: $62M Q3: $679M Q4: $49M $829M Redeemed Series A Completed Preferred Stock $200M ASR Announced $250M Share Repurchase Share Repurchase Program Expanded Executed $200M Resumed Open to up to $1B ASR Market Pur
Slide 11: 2014 Market Considerations – Dana Impact
2014 Market Considerations – Dana Impact Mostly stable end-market demand across most regions Continued strength in full frame light trucks Improving NA commercial vehicle demand LVD CVD OH PT Mining market remains LVD CVD OH PT sluggish worldwide Continued currency headwinds, principally South Ameri
Slide 12: 2014 Financial Targets
2014 Financial Targets Key Financial Metrics 2014 Targets Currency Assumptions Sales $6.8 – $6.9 B Euro / USD 1.29 Adjusted EBITDA $760 – $770 M USD / MXN 12.50 Margin ~11.2% USD / BRL 2.20 USD / ARP 7.56 Diluted Adjusted EPS* $1.82 – $1.86 USD / INR 60.00 Capital Spend $210 – $230 M USD / VEF 9.50
Slide 13: 2014 Sales and Adjusted EBITDA Margin
2014 Sales and Adjusted EBITDA Margin Sales Progression Business Segments – 2014 Targets Market Pricing / Light Vehicle Driveline $220M-$240M- Recovery 2014 2013 $90M-$110M- Target Sales Margin Prelim $6.8 B - $6.77 B $6.9 B- ~$2.7 B ~10% Currency ~$(220) M Commercial Vehicle Driveline Sales Margin
Slide 14: Forward View: Sales Backlog
Forward View: Sales Backlog Three Year Sales Backlog ($ in millions) Business $560 Segment LVD $200 $270 PT 140 $290 CVD 120 OH 100 $230 $60 Total $560 2014 Increment 2015 Increment 2016 Sales backlog representing top-line growth in excess of market demand Incremental backlog number is additive to p
Slide 15: 2016 Sales and Margin Targets
2016 Sales and Margin Targets +$1 Billion in Expected 2016 Sales / Adjusted EBITDA Margin Targets Sales Growth Fueled by Sales Backlog and Market Factors ~ $8 B 2016 Adjusted EBITDA $6.8 - $6.9B Market / Margin Target Exit Rate Sales Pricing of 13% - 14% Reflects: Backlog Sales backlog at higher $50
Slide 16: The Dana Advantage
The Dana Advantage Continued margin expansion In light of end-market demand Driven by operating efficiencies, product rationalization, innovation Strong cash flow generation Strong balance sheet providing flexibility for continued business investment and shareholder value initiatives New business co
Slide 17: Honesty & Integrity, Good Corporate Citizen
Honesty & Integrity Good Corporate Citizen Open Communication Continuous Improvement © 2014 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the
Slide 18: Appendix Materials
Deutsche Bank Honesty & Integrity 2014 Global Auto Industry Conference Good Corporate Citizen Appendix Materials Open Communication Continuous Improvement © 2014 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Tho
Slide 19: Global Vehicle Production
Global Vehicle Production Dana Forecasts (Units in 000s) 12% 2013 2014 Prelim Outlook North America Light Truck (Full Frame) 3,600 3,550 – 3,650 Light Vehicle Engines 14,350 14,700 – 15,100 Medium Truck (Class 5-7) 195 200 – 210 Heavy Truck (Class 8) 250 260 – 270 Agricultural Equipment 80 75 – 80 C
Slide 20: Appendix: Non-GAAP Financial Information
Appendix Non-GAAP Financial Information The preceding slides refer to Adjusted EBITDA, which we’ve defined to be earnings from continuing and discontinued operations before interest, taxes, depreciation, amortization, non-cash equity grant expense, restructuring expense and other nonrecurring items
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