Slide 1: 2004 Fiscal Year and Fourth Quarter Public Earnings Call
A Heartland Industrial Partners’ Company 2004 Fiscal Year and Fourth Quarter Public Earnings Call March 9, 2005 Safe Harbor Statement This document contains “forward-looking” statements, as that term is defined by the federal securities laws, about our financial condition, results of operations and
Slide 2: 2004 Fiscal Year and Fourth Quarter Financial Highlights
2004 Fiscal Year and Fourth Quarter Financial Highlights 2004 Fourth Quarter Operating Highlights 2004 Fiscal Year and Fourth Quarter Financial Performance TriMas Capitalization 2005 Key Performance Drivers Q&A Appendix 2 2004 Fiscal Year and Fourth Quarter Financial Highlights Full Year 2004 Highli
Slide 3: 2004 Fourth Quarter Financial Highlights
The operating loss in the quarter includes negative gross margin impact of $2.5 million due to steel cost increases not able to be recovered from customers. The operating loss for the quarter also included charges of $19.0 million which negatively impacted our operational earnings. These charges inc
Slide 4: 2004 Fourth Quarter Operating Highlights
6 2004 Fourth Quarter Operating Highlights Rieke Packaging Systems Net sales for the quarter were $31.1 million, up 15.2% compared to fourth quarter 2003. Core product sales volume increased by 7.5% while new specialty dispensing product revenues increased to $4.3 million in the quarter or an increa
Slide 5: 2004 Fourth Quarter Operating Highlights
2004 Fourth Quarter Operating Highlights Industrial Specialties Net sales for the quarter were $64.6 million, or an increase of 17.4% compared to 2003. Operating income was $0.2 million and included a $2.7 million charge related to asbestos litigation defense costs, a $2.3 million non-cash asset imp
Slide 6: TriMas Capitalization and 2005 Key Performance Drivers
Cash and Cash Equivalents……………………………..…………… $ 3.2 $ 3.1 Working Capital Revolver……………………………..…………… $ 50.0 $ 12.8 1.1% Term Loan B……………………………..…………… 289.6 288.9 25.3% Other Debt……………………………..…………… 0.1 0.1 0.0% Subtotal, Senior Secured Debt……………………………..…………… 339.7 301.8 26.4% 9.875% Senior Sub Notes du
Slide 7: Q&A
Entering 2005 stronger than ever! 13 Q&A Appendix
Slide 8: Condensed Balance Sheet and Statement of Operations
Condensed Balance Sheet (unaudited - in millions) As of December 31, 2004 2003 Assets Current Assets Cash & Cash Equivalents……………………………..…………… $ 3.1 $ 6.8 Receivables……………………………..…………… 93.4 119.0 Inventories……………………………..…………… 180.0 124.1 Deferred Income Taxes……………………………..…………… 17.5 10.9 Prepaid Expe
Slide 9: Cash Flow Highlights and Key Covenant Calculations
Cash Flow Highlights (unaudited - in millions) For the Years Ended December 31 2004 2003 Cash provided by operating activities……………… $ 42.6 $ 41.4 Capital expenditures……………………………..…………… (43.0) (31.7) Proceeds from sales of fixed assets…………… 1.7 76.2 Acquisition of businesses, net of cash acquired……