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Investor Presentation

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According to ULSAB (UltraLight Steel Auto Body) study, the optimum number of ... We formed Noble Advanced Technologies to develop innovative new products and ... – PowerPoint PPT presentation

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Title: Investor Presentation


1
Investor Presentation March 2005
2
SAFE 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.

3
Noble 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

4
What is Laser Welding?
  • Laser Welded Blanks (LWB) are created by laser
    welding flat sheet metal blanks of varying
    thickness, alloy and/or coatings.

5
Noble is North Americas Largest Laser Welder
2005E Market Share by Welder Revenue
Management estimates of flat blanks, excluding
tubular products
6
OUR CLIENTS
Automotive Companies

7
Nobles Roadmap Five Key Strategies
  • Drive the Market
  • Drive New Technologies
  • Drive Continuous Improvement
  • Drive New Products and New Markets
  • Drive Investor Awareness and Interest

8
Drive 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.

9
Driving the Market Current and Potential
Applications
10
Average Number of Laser-Welded Blanks per Vehicle
Continues to Increase

Note Management Estimates
11
Drive New Technologies
  • Technology Leader in Market
  • Curvilinear Laser Blank Welding
  • Tube Welding/Hydro Forming
  • Aluminum Blank Welding
  • Exposed Blank Welding

12
Drive 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

13
Tubular 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

14
Drive 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

15
Drive 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

16
2004 Another Record Year Continuing Operations,
excl FAS 133
2003
2004
EPS - Diluted

1.09
1.44


17
Financial 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.
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