Owens Corning Inc · NYSE:OC
Owens Corning — Q4 2006 Earnings Presentation
14 slides from Owens Corning's earnings presentation, Feb 28, 2007
Slide 1: Fiscal Q4 and 2006 Year in Review
Owens Corning Fiscal Q4 and 2006 Year in Review February 28, 2007 Exhibit 99.1 *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************
Slide 2: Forward-looking Statement and Non-GAAP Measures
Forward-looking Statement and Non-GAAP Measures This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to risks
Slide 3: Management Representatives
David Brown President and Chief Executive Officer Michael Thaman Chairman of the Board and Chief Financial Officer Scott Deitz Vice President, Investor Relations Management Representatives • President & CEO since 2002 • Joined Owens Corning in 1978 • Chairman of the Board since 2002 • Chief Financia
Slide 4: Owens Corning Today
2006 Fortune Magazine Most Admired Company in the building materials category; 50+ consecutive years on the Fortune 500 Owens Corning Today • Fiscal 2006 sales of $6.5 billion, 19,000 employees in 26 countries • Leader in building materials systems and high-performance glass composites • Best known
Slide 5: Market Leadership & Our Strong Brand Equity
Market Leadership & Our Strong Brand Equity Leading North America Market Positions • Residential Insulation • Commercial & Industrial Insulation • Manufactured Stone Veneer • Residential Shingles • Roofing Asphalts Global Leader • Glass Fiber Reinforcement Materials used for Composites
Slide 6: 2006 Income from Operations (IFO)
2006 Income from Operations (IFO) $433 Provision for Asbestos Litigation ($13) C-11 Related Reorganization Items $55 Other Items (1) $94 Total Adjustments $136 2006 Adjusted Income from Operations $569 2006 Depreciation and Amortization (2) $278 Adjustments to remove items impacting comparability Re
Slide 7: Fiscal Q4 & Fiscal 2006 Dynamics
Fiscal Q4 & Fiscal 2006 Dynamics Q4 • Downturn in U.S housing starts impacted performance, especially Insulating Systems • Below trend-line storm demand, high asphalt prices and inventories depressed Roofing & Asphalt results • Exit of HOMExperts business; improved productivity within manufactured s
Slide 8: Balanced Portfolio of Varied End Markets
Balanced Portfolio of Varied End Markets Revenue by End Market 2006 Revenue: $6.5 billion U.S. & Canada New Residential Construction 36.0 % U.S. & Canada Residential Repair & Remodeling 34.0 % U.S. & Canada Commercial & Industrial 18.0 % International 12.0 % Source: Management Estimates
Slide 9: Business Segment Overview
Business Segment Overview (1) Percentages by segment based on revenue of $6.6B before corporate eliminations (2) Percentages based on segment results before reconciliation to income (loss) before income tax expense Income Before Income Tax Expense: $711 million (2) Insulating Systems 32% Roofing and
Slide 10: Insulating Systems
Insulating Systems 2006 Revenue by End Market U.S. & Canada New Residential Construction 60% U.S. & Canada Repair & Remodeling 13% U.S. & Canada Commercial & Industrial 19% International 8% Financial performance ($MM) 1,000 1,500 2,000 $2,500 0% 5% 10% 15% 20% 25% Sales IFO Margin Management Estimat
Slide 11: Roofing & Asphalt
Roofing & Asphalt 2006 Revenue by End Market U.S. & Canada Commercial & Industrial 12% U.S. & Canada New Residential Construction 21% U.S. & Canada Residential Repair & Remodeling 67% 1,000 1,500 2,000 0% 2% 4% 6% 8% 10% Financial performance ($MM) Sales IFO Margin Management Estimates Based on Chan
Slide 12: Other Building Materials & Services
Other Building Materials & Services 2006 Revenue by End Market U.S. & Canada New Residential Construction 55% U.S. & Canada Residential Repair & Remodeling 42% U.S. & Canada Commercial & Industrial 3% 1,000 1,200 $1,400 0% 2% 4% 6% 8% 10% • Manufactured Stone Veneer • Vinyl Siding, Norandex/Reynolds
Slide 13: Composite Solutions
Composite Solutions 2006 Revenue by End Market U.S. & Canada Commercial & Industrial 36% U.S. & Canada Residential Repair & Remodeling 13% U.S. & Canada New Residential Construction 4% International 47% 1,000 1,200 1,400 1,600 $1,800 0% 4% 8% 12% Financial performance ($MM) Sales IFO Margin Manageme
Slide 14: Questions & Discussion
Questions & Discussion *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** *************** ***************