Title: Investor Presentation
1Investor Presentation March 2005
2SAFE HARBOR STATEMENT
- Certain statements made by Noble International,
Ltd. (Noble) in this presentation and other
periodic oral and written statements, including
filings with the Securities and Exchange
Commission, are forward-looking statements
within the meaning of the Private Securities
Litigation Reform Act of 1995. These
forward-looking statements, as well as statements
which address operating performance, events or
developments that we believe or expect to occur
in the future, including those that discuss
strategies, goals, outlook or other
non-historical matters, or which relate to future
sales or earnings expectations, cost savings,
awarded sales, volume growth, earnings or a
general belief in our expectations of future
operating results, are forward-looking
statements. The forward-looking statements are
made on the basis of managements assumptions and
estimations. As a result, there can be no
guarantee or assurance that these assumptions and
expectations will in fact occur. The
forward-looking statements are subject to risks
and uncertainties that may cause actual results
to materially differ from those contained in the
statements. Some, but not all of the risks,
include our ability to obtain future sales our
ability to successfully integrate acquisitions
changes in worldwide economic and political
conditions, including adverse effects from
terrorism or related hostilities including
increased costs, reduced production or other
factors costs related to legal and
administrative matters our ability to realize
cost savings expected to offset price
concessions inefficiencies related to production
and product launches that are greater than
anticipated changes in technology and
technological risks increased fuel costs work
stoppages and strikes at our facilities and that
of our customers the presence of downturns in
customer markets where the Companys goods and
services are sold financial and business
downturns of our customers or vendors and other
factors, uncertainties, challenges, and risks
detailed in Nobles public filings with the
Securities and Exchange Commission. Noble does
not intend or undertake any obligation to update
any forward looking statements. For more
information see www.nobleintl.com.
3Noble International 21st Century Auto Body
SolutionsTM
Noble Internationals laser-welded tailored
blanks and laser-welded tubular products brings
automotive body design into the 21st Century. Our
laser-welded flat blanks and tubular products
reduce steel usage and weight while increasing
strength and lowering total cost. Our quality,
technology and broad product line make us the
leader in laser-welded structural components.
- Noble has provided laser-welded technology
solutions to the automotive industry for 13
years. - We lead the industry in developing new
applications with several industry firsts, such
as the first laser-welded bodyside blank with an
exposed surface. - Noble is the first North American supplier of
laser-welded tubular products. - Advantages of laser welding over conventional
assembly methods include greater safety, reduced
weight, fewer parts, less steel usage, higher
quality and lower total cost. - Multiple Locations in North America and
Australia - Warren, Michigan
- Shelbyville, Kentucky
- Brantford, Ontario
- Geelong, Australia
- Silao, Mexico
4What is Laser Welding?
- Laser Welded Blanks (LWB) are created by laser
welding flat sheet metal blanks of varying
thickness, alloy and/or coatings.
5Noble is North Americas Largest Laser Welder
2005E Market Share by Welder Revenue
Management estimates of flat blanks, excluding
tubular products
6OUR CLIENTS
Automotive Companies
7Nobles Roadmap Five Key Strategies
- Drive the Market
- Drive New Technologies
- Drive Continuous Improvement
- Drive New Products and New Markets
- Drive Investor Awareness and Interest
8Drive the Market
- Our goal is to increase acceptance of
laser-welded blank applications and expand our
product offerings to increase penetration on new
vehicles. - We are pushing market growth by stressing the
value equation more strength, less weight, less
steel, higher quality and lower cost. - According to ULSAB (UltraLight Steel Auto Body)
study, the optimum number of LWBs per vehicle is
20 or more.
9Driving the Market Current and Potential
Applications
10Average Number of Laser-Welded Blanks per Vehicle
Continues to Increase
Note Management Estimates
11Drive New Technologies
- Technology Leader in Market
- Curvilinear Laser Blank Welding
- Tube Welding/Hydro Forming
- Aluminum Blank Welding
- Exposed Blank Welding
12Drive New Technologies
- We formed Noble Advanced Technologies to develop
innovative new products and processes - We are developing new bonding technologies to
join new types of steel as well as aluminum to
expand our product line and capabilities. - Curvilinear
- Leading share of N.A. curvilinear parts (85)
- Developing new curvilinear applications to expand
share
13Tubular Products
- Very promising customer interest
- Market potential estimated more than 150 Million
- Tube production in Warren facility
- Short tubes in production - run rate 50 above
expectations - High levels of quoting activity ongoing
- At least five new tubular applications expected
to be commercialized by 2008
14Drive Continuous Improvement
- Safety is our 1 Priority
- A safe environment is an efficient environment
- Zero injuries is our goal
- Quality
- Customer-reported defect rate under 25 PPM
- Cost Reduction
- Maintain or improve competitive position by
continuously focusing on eliminating waste and
unnecessary cost - Scrap reduced 30 in 2004 with further
improvement targeted
15Drive New Products Markets
- AUSTRALIA
- Launched Geelong facility in 2004
- Relocating to permanent facility in Adelaide
mid-2005 - Expect to ship parts to second customer 3Q05
- MEXICO
- Acquired Silao facility January 2005
- Silao plant currently offers blanking services
with laser welding to be added 2H05 - Plant was a finalist for Shingo prize for quality
Drive Investor Awareness and Interest
- Noble is a high-technology growth company that
supplies high-value products and services to
automakers - Noble named to IBD Top 100 and Russell 2000 and
3000 indices - Institutional shareholders now account for approx
60 over share base
162004 Another Record Year Continuing Operations,
excl FAS 133
2003
2004
EPS - Diluted
1.09
1.44
17Financial Guidance
- 2005 projected diluted EPS of 1.55 to 1.60 on
sales of 340 - 350 million - EBITDA for 2005 estimated at 34 million to 36
million - Capital expenditures for 2004 projected at 8
million to 10 million - EPS will no longer be impacted by FAS 133 due to
a change in terms of the 4 convertible notes - Note projections are based on estimated 2005
North American light vehicle production of 16.0
million units. Average diluted share count for
2004 estimated at 10.8 million.