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Leading Brands
Company Products and Key Brands Company Products& Key Brands
Sunvisors Sunvisors Windshield Windshield Frames Frames Hood Hood Tops and Tops and Skins Skins Grill Grill Assemblies Assemblies Crown Crown Assemblies Assemblies Bumpers Bumpers Fenders Fenders Engine Engine Castings Castings Chassis && Chassis Suspension Suspension Brackets Brackets Exhaust Stacks Exhaust Stacks & Assemblies & Assemblies Brake Drums, Disc Wheel Brake Drums, Disc Wheel Hubs, Spoke Wheels, Rotors Hubs, Spoke Wheels, Rotors Steel and Aluminum Wheels Fuel Tank Straps Fuel Tank Straps Fuel Tank Assemblies Fuel Tank Ends Fuel Tank Ends Battery/Tool Boxes Battery/Tool Boxes Accuride Imperial Gunite Brillion
NA Market share:
Steel wheels #1 Aluminum wheels #2 % 2011 Revenues through Q3 42%
NA Market share:
Brake drums Disc wheel hubs 26% #1 #2
NA Market share:
Metal bumpers 13% #2 Top Ten NA Casting Operation 15%
(1) Bostrom & Fabco
Divested Units
4% Page | 2
Medium Conventional
Walk-In Van
School Bus
Single-Axle Van
Recreational Vehicle
Stake
Trailer
Van
Flat Bed
Tanker
PACCAR 16%
Strategic Objectives
Accuride Vision: Accuride will be the premier supplier of wheel-end system solutions to the global commercial vehicle industry
#1-2 globally in wheel-end systems ROIC > 20% through a cycle >80% of revenue from CORE products Balanced geographical revenues:
40% North America 30% Asia 20% Europe 10% South America
Our Focus
Divest Non-Core Assets Fix Core Business & Operations
Page | 5
Phase 2 underway:
$20M CAPEX Double capacity in MX and SC Truck OEMs: Volvo, Daimler, Paccar Trailer OEMs Large fleets, Defense suppliers, and select AM distributors
2010
2011
2012-13
Daimler
Kenworth
Mack
Volvo
Kenworth
Navistar Peterbilt
Accuride
Daimler
Navistar
Please note that the circles encompass 200, 400, and 600 miles from each Wheels facility.
Gunite Quality
34,772 27,760
9,692
61,872 40,843
9,368
Q2
Q3
Q4
December
January
February
March
April
Increased hub pricing from Brillion (1Q) Eliminate CS2 (1Q) and CS1 (2Q) Inspection Improved daily production New Drum (3Q) & Hub (4Q) Machining:
Scrap: 4.0% Tooling: 2.5% Labor/OT: 13.5% Freight: 3.5% to 2.2% to 2.0% to 10.0% to 3.0%
Hayes 15%
Accuride 34% Alcoa 66%
Revised Organization:
Alcoa 81%
Aftermarket Steel
Aftermarket Aluminum
Alcoa 43.0% Accuride 57.0%
KIC, 8%
MotorWheel, 5% KIC, 5%
KIC 30%
ConMet 10%
MotorWheel, 2% Meritor, 2%
Gunite, 48%
ConMet, 2%
Gunite - A business worth fixing given strong truck & aftermarket positions
Page | 12
MRO 9%
Outside advisor engaged to help us fully understand current situation and identify opportunities by 1Q12 Concerted efforts to fix scheduling and inventory management Minimize steel economic headwind 1H12
Opportunities exist for significant operational & financial improvement
Page | 13
Industry Forecasts
295,545
290,000 270,000
271,000 251,000
Medium-Duty
Trailer
ABL expansion 1Q12 Potential divestiture of non-core asset in 1H12 Improved operating performance:
Gunite (pricing, daily operations, eliminate CS1 & CS2 inspection) Imperial (capacity consolidation, SGA & premium reduction) Brillion (pricing, daily operations, capacity utilization)
Summary
Fix & Grow Strategy developed & being executed Experienced leadership team on-board & performing Resources focused on key priorities All major initiatives on-schedule and on-budget Market trends favorable heading into 2012 Some headwind on steel pricing in 1H12 Adequate liquidity and initiatives to improve it Strategic opportunities exist to Fix & Grow the company We are executing our plan!
Page | 16
Financials
Questions
Page | 17