Remy International — Delco Remy International — Debt Investor Presentation (March 2004)

5 slides from Remy International's debt investor presentation, Mar 31, 2004

Slide 1: Summary Historical Financial Data
SUMMARY HISTORICAL FINANCIAL DATA The following table provides a summary of certain of our historical consolidated financial data. The summary historical consolidated financial data for each of the years ended December 31, 2001, 2002 and 2003 and as of the years ended December 31, 2002 and 2003 have
Slide 2: Expanded in Low Cost Regions
Expanded in Low Cost Regions Average Wage $10.30/hr. Asia/Pacific 2% US Traditional 46% US Low Cost 5% Mexico 22% W. Europe 4% E. Europe 21% 4,910 Mfg. Employees Average Wage $6.70/hr. Asia/Pacific 3% US Traditional 28% US Low Cost 8% Mexico 36% W. Europe 3% E. Europe 22% 5,008 Mfg. Employees
Slide 3: Well-Positioned to Generate Free Cash Flow
Well-Positioned to Generate Free Cash Flow 2003 2004 Expected 2005 Expected Adjusted EBITDA $ 113.7 $ 125—$ 130 Significant Debt Cash Interest (58.1) (60) Reduction CapEx (20.0) (32)—(28) Beginning in 2H 2004 FCF After Interest and CapEx $ 35.6 $33—$ 42 2003 2004 Expected Non-recurring, Non-operatin
Slide 4: 2004 Adjusted EBITDA Bridge
2004 Adjusted EBITDA Bridge 2003 $ 114 Volume Benefits 7 Cost Reduction Initiatives 45 Investment in Engineering / Systems (10) Cost / Price / Trans. Cost / Contingency (31)—(26) 2004 GUIDANCE $125—$ 130
Slide 5: First Quarter 2004 Update
First Quarter 2004 Update SALES ADJUSTED EBITDA Q1 2003 $ 261 $ 24.6 Previous Guidance +7 – 8% +15 – 18% Q1 2004 $279 – $ 284 $28 – $ 29 Reaffirming previous guidance