Proliance International Inc · OTC:PLNTQ
Proliance International — Shareholder Meeting (May 2008)
27 slides from Proliance International's shareholder meeting presentation, May 8, 2008
Slide 1: Annual Stockholders Meeting
EXHIBIT 99.1 Annual Stockholders Meeting May 8, 2008 Aftermarket heat exchange and For cars and light trucks And heavy duty applications temperature control products
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Slide 3: Forward Looking Statements
Forward Looking Statements Statements included in this presentation, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future financial performance or liqu
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Slide 5: Overview
Overview Leading global manufacturer and distributor of aftermarket heat exchange and temperature control products for automotive and heavy duty applications as well as marine markets Primary geographic markets are in North and Central America and Europe Leader in aftermarket radiators and heaters f
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Slide 7: FY07 Sales
FY07 Sales Product Mix Geographic Distribution Heavy Duty 23% International 27% Auto & Auto & Light Truck Light Truck Heat Exchange Temperature 65% Domestic Control 73% 12% Sales Channel Leading Customers Chain Retailers AutoZone O’Reilly Advance Auto Parts CSK Pep Boys Hard Parts & Distributors NAP
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Slide 9: Our Strategy Is Improving Results
Our Strategy Is Improving Results Aggressively reengineered operating 1,934 Since Modine Merger model Accelerated changes in branch 1,287 organization and distribution 975 974 Further reduced corporate and production overhead Significant strides to reduce unit costs through Product design July 2005
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Slide 11: Major Turnaround
Major Turnaround Second Half Full Year $ in Millions 2007 2006 Change 2007 2006 Change Sales $199.6 $212.6 (6%) $393.9 $416.1 (5%) Operating Margin (adjusted)(1) 4.4% (2.2%) + 1.8% (0.5%) + EBITDA (adjusted)(2) $13.4 ($1.2) + $15.2 $4.2 265% Sales and gross margins declined due to selling via more d
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Slide 13: International Growth
International Growth Sales up 13% to $107 million International Sales ($ in Millions) 7 percentage points of the increase due to growth in heavy duty marine $107 market Balance of the increase from $95 differences in exchange rates (principally between the Euro and the U.S. dollar) International ope
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Slide 15: Southaven (Mississippi) Casualty Event
Southaven (Mississippi) Casualty Event February 5: Storms and tornadoes destroyed significant portion of auto/light truck heat exchange inventory
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Slide 17: Southaven (Mississippi) Casualty Event
Southaven (Mississippi) Casualty Event February 12: Began shipping from interim facility
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Slide 19: Tornado Aftermath and Financial Recovery Plan
Tornado Aftermath and Financial Recovery Plan Within a week of February 5 shipments resumed at interim distribution location At roughly same time, Lender advises of “over-advance” due to loss of inventory collateral Set off funding issue and intensive negotiations with Lender Received first insuranc
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Slide 21: Amended Credit Agreement
Amended Credit Agreement Lender gave us Continued funding Over advance of up to $24.2 million through May 31st Temporarily increased revolver to $40 million, from $25 million Waved existing defaults, reset covenants to reflect the impact of Southaven event More liberal application of insurance proce
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Slide 23: Positive Outlook for FY08
Positive Outlook for FY08 Sales Domestic auto/light truck: More favorable prospects for radiator and AC business International: Growth of European-based marine business Heavy Duty: Favorable performance Costs Full year benefit of FY07 cost reductions Focus on additional cost reductions and excellent
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Slide 25: Thank You
Thank You Thanks to all our customers and suppliers who helped to continue our progress in the face of difficult conditions in the first quarter Special thanks to our Associates who worked successfully to get our business back on track …tirelessly to provide outstanding service to our customers …and
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Slide 27: Annual Stockholders Meeting
Annual Stockholders Meeting May 8, 2008 Aftermarket heat exchange and For cars and light trucks And heavy duty applications temperature control products
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