Enviar pesquisa
Carregar
dana holdings JPMorganConf_081308
•
0 gostou
•
260 visualizações
F
finance42
Seguir
Economia e finanças
Negócios
Denunciar
Compartilhar
Denunciar
Compartilhar
1 de 33
Baixar agora
Baixar para ler offline
Recomendados
dana holdings CreditSuisse090408
dana holdings CreditSuisse090408
finance42
dana holdings 3Q08Earnings
dana holdings 3Q08Earnings
finance42
David Walker, Group Vice President - Global Borrowings, GMAC LLC Presentation...
David Walker, Group Vice President - Global Borrowings, GMAC LLC Presentation...
finance8
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
finance8
textron annual report 2000
textron annual report 2000
finance21
csx 2007_BB&T_Conference-REF23583
csx 2007_BB&T_Conference-REF23583
finance27
arvinmeritor 2007ShareownersPresentation
arvinmeritor 2007ShareownersPresentation
finance27
cummins 99 AR2
cummins 99 AR2
finance21
Recomendados
dana holdings CreditSuisse090408
dana holdings CreditSuisse090408
finance42
dana holdings 3Q08Earnings
dana holdings 3Q08Earnings
finance42
David Walker, Group Vice President - Global Borrowings, GMAC LLC Presentation...
David Walker, Group Vice President - Global Borrowings, GMAC LLC Presentation...
finance8
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
Eric Feldstein, CEO of GMAC LLC - Sale of Majority Interest in GMAC - Investo...
finance8
textron annual report 2000
textron annual report 2000
finance21
csx 2007_BB&T_Conference-REF23583
csx 2007_BB&T_Conference-REF23583
finance27
arvinmeritor 2007ShareownersPresentation
arvinmeritor 2007ShareownersPresentation
finance27
cummins 99 AR2
cummins 99 AR2
finance21
Chevron Merril Lynch Energy Conf
Chevron Merril Lynch Energy Conf
earningsreport
arvinmeritor analystday120706
arvinmeritor analystday120706
finance27
Aveda energy investor presentation october 2012 final
Aveda energy investor presentation october 2012 final
AvedaEnergy
Bally Total Fitness 061213
Bally Total Fitness 061213
Ronald Rich
visteon 2005 Annual Report
visteon 2005 Annual Report
finance24
Recent Developments in Mergers & Acquisitions
Recent Developments in Mergers & Acquisitions
Now Dentons
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
Manya Mohan
ppl annual reports 2006
ppl annual reports 2006
finance32
REIT Preferred Securities Potential Default Risk
REIT Preferred Securities Potential Default Risk
Forward Management
Diamond Recession Report Dont Waste A Crisis
Diamond Recession Report Dont Waste A Crisis
Eugene Lee
Censo FGVCepe
Censo FGVCepe
Vitor Asseituno
Investor Presentation December 2012
Investor Presentation December 2012
AvedaEnergy
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
finance8
Time to Face the Music: TARP Update and the Fiscal Cliff
Time to Face the Music: TARP Update and the Fiscal Cliff
Inside Analysis
Services Toronto Investor Presentation
Services Toronto Investor Presentation
finance8
constellation energy 2004 Annual Report
constellation energy 2004 Annual Report
finance12
public serviceenterprise group 10/08/04-82-125
public serviceenterprise group 10/08/04-82-125
finance20
tenet healthcare Q_2007_Q3_Conference_Call_Final
tenet healthcare Q_2007_Q3_Conference_Call_Final
finance42
pulte homes _CorporateGovernanceGuidelines_2009
pulte homes _CorporateGovernanceGuidelines_2009
finance42
terex Goldman110508
terex Goldman110508
finance42
dana holdings InsiderTradingPolicy_013108
dana holdings InsiderTradingPolicy_013108
finance42
terex Minexpo_09-21-08_web
terex Minexpo_09-21-08_web
finance42
Mais conteúdo relacionado
Mais procurados
Chevron Merril Lynch Energy Conf
Chevron Merril Lynch Energy Conf
earningsreport
arvinmeritor analystday120706
arvinmeritor analystday120706
finance27
Aveda energy investor presentation october 2012 final
Aveda energy investor presentation october 2012 final
AvedaEnergy
Bally Total Fitness 061213
Bally Total Fitness 061213
Ronald Rich
visteon 2005 Annual Report
visteon 2005 Annual Report
finance24
Recent Developments in Mergers & Acquisitions
Recent Developments in Mergers & Acquisitions
Now Dentons
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
Manya Mohan
ppl annual reports 2006
ppl annual reports 2006
finance32
REIT Preferred Securities Potential Default Risk
REIT Preferred Securities Potential Default Risk
Forward Management
Diamond Recession Report Dont Waste A Crisis
Diamond Recession Report Dont Waste A Crisis
Eugene Lee
Censo FGVCepe
Censo FGVCepe
Vitor Asseituno
Investor Presentation December 2012
Investor Presentation December 2012
AvedaEnergy
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
finance8
Time to Face the Music: TARP Update and the Fiscal Cliff
Time to Face the Music: TARP Update and the Fiscal Cliff
Inside Analysis
Services Toronto Investor Presentation
Services Toronto Investor Presentation
finance8
constellation energy 2004 Annual Report
constellation energy 2004 Annual Report
finance12
public serviceenterprise group 10/08/04-82-125
public serviceenterprise group 10/08/04-82-125
finance20
Mais procurados
(17)
Chevron Merril Lynch Energy Conf
Chevron Merril Lynch Energy Conf
arvinmeritor analystday120706
arvinmeritor analystday120706
Aveda energy investor presentation october 2012 final
Aveda energy investor presentation october 2012 final
Bally Total Fitness 061213
Bally Total Fitness 061213
visteon 2005 Annual Report
visteon 2005 Annual Report
Recent Developments in Mergers & Acquisitions
Recent Developments in Mergers & Acquisitions
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
Gm Events & Presentations Credit Suisse Group Annual Global Automotive Confer...
ppl annual reports 2006
ppl annual reports 2006
REIT Preferred Securities Potential Default Risk
REIT Preferred Securities Potential Default Risk
Diamond Recession Report Dont Waste A Crisis
Diamond Recession Report Dont Waste A Crisis
Censo FGVCepe
Censo FGVCepe
Investor Presentation December 2012
Investor Presentation December 2012
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
Services Presents at AFSA Finance Industry Conference for Fixed Income Invest...
Time to Face the Music: TARP Update and the Fiscal Cliff
Time to Face the Music: TARP Update and the Fiscal Cliff
Services Toronto Investor Presentation
Services Toronto Investor Presentation
constellation energy 2004 Annual Report
constellation energy 2004 Annual Report
public serviceenterprise group 10/08/04-82-125
public serviceenterprise group 10/08/04-82-125
Destaque
tenet healthcare Q_2007_Q3_Conference_Call_Final
tenet healthcare Q_2007_Q3_Conference_Call_Final
finance42
pulte homes _CorporateGovernanceGuidelines_2009
pulte homes _CorporateGovernanceGuidelines_2009
finance42
terex Goldman110508
terex Goldman110508
finance42
dana holdings InsiderTradingPolicy_013108
dana holdings InsiderTradingPolicy_013108
finance42
terex Minexpo_09-21-08_web
terex Minexpo_09-21-08_web
finance42
terex CSFB081308
terex CSFB081308
finance42
InvestorDay2008Transcript_FINAL1
InvestorDay2008Transcript_FINAL1
finance42
Destaque
(7)
tenet healthcare Q_2007_Q3_Conference_Call_Final
tenet healthcare Q_2007_Q3_Conference_Call_Final
pulte homes _CorporateGovernanceGuidelines_2009
pulte homes _CorporateGovernanceGuidelines_2009
terex Goldman110508
terex Goldman110508
dana holdings InsiderTradingPolicy_013108
dana holdings InsiderTradingPolicy_013108
terex Minexpo_09-21-08_web
terex Minexpo_09-21-08_web
terex CSFB081308
terex CSFB081308
InvestorDay2008Transcript_FINAL1
InvestorDay2008Transcript_FINAL1
Semelhante a dana holdings JPMorganConf_081308
dana holdings CC934DB3-89EA-454B-A087-C075C5972F55_AANYPres_011409
dana holdings CC934DB3-89EA-454B-A087-C075C5972F55_AANYPres_011409
finance42
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309
finance42
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009
finance42
Cummins_I Q3 Pres
Cummins_I Q3 Pres
finance21
CMIQ3Pres
CMIQ3Pres
finance21
arvinmeritor _Announcement_of_LVS_Spinoff_050608_FINAL
arvinmeritor _Announcement_of_LVS_Spinoff_050608_FINAL
finance27
arvinmeritor Announcement_of_LVS_Spinoff_050608_FINAL
arvinmeritor Announcement_of_LVS_Spinoff_050608_FINAL
finance27
Avis InvestorPresentationCreditSuisse
Avis InvestorPresentationCreditSuisse
finance35
Avis InvestorPresentationCreditSuisse
Avis InvestorPresentationCreditSuisse
finance35
air products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materials
finance26
cmi_070612_jpm
cmi_070612_jpm
finance21
cmi_070612_jpm
cmi_070612_jpm
finance21
Exterran Partners LP Investor Presentation
Exterran Partners LP Investor Presentation
Company Spotlight
arvinmeritor analystday120706
arvinmeritor analystday120706
finance27
arvinmeritor 2007_Q4_Earnings_Slides_FINAL
arvinmeritor 2007_Q4_Earnings_Slides_FINAL
finance27
Q1 2009 Earning Report of GATX Corporation
Q1 2009 Earning Report of GATX Corporation
earningreport earningreport
LehmanConferencePresentationHandout
LehmanConferencePresentationHandout
finance45
Merrill Lynch Global Energy Large Cap Conference Presentation
Merrill Lynch Global Energy Large Cap Conference Presentation
finance1
cmi_070521
cmi_070521
finance21
cmi_070521
cmi_070521
finance21
Semelhante a dana holdings JPMorganConf_081308
(20)
dana holdings CC934DB3-89EA-454B-A087-C075C5972F55_AANYPres_011409
dana holdings CC934DB3-89EA-454B-A087-C075C5972F55_AANYPres_011409
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309
dana holdings 9A1CE957-B9FA-4AEB-B390-1F304160E552_JPMorgan020309
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009
dana holdings CADF2722-6DAB-4150-AF59-82832D202677_Barclays021009
Cummins_I Q3 Pres
Cummins_I Q3 Pres
CMIQ3Pres
CMIQ3Pres
arvinmeritor _Announcement_of_LVS_Spinoff_050608_FINAL
arvinmeritor _Announcement_of_LVS_Spinoff_050608_FINAL
arvinmeritor Announcement_of_LVS_Spinoff_050608_FINAL
arvinmeritor Announcement_of_LVS_Spinoff_050608_FINAL
Avis InvestorPresentationCreditSuisse
Avis InvestorPresentationCreditSuisse
Avis InvestorPresentationCreditSuisse
Avis InvestorPresentationCreditSuisse
air products & chemicals 5 December 2007 Citi Basic Materials
air products & chemicals 5 December 2007 Citi Basic Materials
cmi_070612_jpm
cmi_070612_jpm
cmi_070612_jpm
cmi_070612_jpm
Exterran Partners LP Investor Presentation
Exterran Partners LP Investor Presentation
arvinmeritor analystday120706
arvinmeritor analystday120706
arvinmeritor 2007_Q4_Earnings_Slides_FINAL
arvinmeritor 2007_Q4_Earnings_Slides_FINAL
Q1 2009 Earning Report of GATX Corporation
Q1 2009 Earning Report of GATX Corporation
LehmanConferencePresentationHandout
LehmanConferencePresentationHandout
Merrill Lynch Global Energy Large Cap Conference Presentation
Merrill Lynch Global Energy Large Cap Conference Presentation
cmi_070521
cmi_070521
cmi_070521
cmi_070521
Mais de finance42
saic annual reports 2003
saic annual reports 2003
finance42
saic annual reports 2004
saic annual reports 2004
finance42
saic annual reports 2005
saic annual reports 2005
finance42
saic annual reports 2006
saic annual reports 2006
finance42
saic annual reports 2007
saic annual reports 2007
finance42
saic annual reports 2008
saic annual reports 2008
finance42
terex Merrill050808
terex Merrill050808
finance42
terex BofA050808
terex BofA050808
finance42
terex Merrill050808
terex Merrill050808
finance42
terex BofA050808
terex BofA050808
finance42
terex Sanford053008
terex Sanford053008
finance42
terex Shareholders0508
terex Shareholders0508
finance42
terex Shareholders0508
terex Shareholders0508
finance42
terex 08_06_04_JP_Morgan_Conf
terex 08_06_04_JP_Morgan_Conf
finance42
terex Sanford053008
terex Sanford053008
finance42
terex 08_06_04_JP_Morgan_Conf
terex 08_06_04_JP_Morgan_Conf
finance42
terex KeyBanc060508
terex KeyBanc060508
finance42
terex KeyBanc060508
terex KeyBanc060508
finance42
terex Wachovia062508
terex Wachovia062508
finance42
terex Wachovia062508
terex Wachovia062508
finance42
Mais de finance42
(20)
saic annual reports 2003
saic annual reports 2003
saic annual reports 2004
saic annual reports 2004
saic annual reports 2005
saic annual reports 2005
saic annual reports 2006
saic annual reports 2006
saic annual reports 2007
saic annual reports 2007
saic annual reports 2008
saic annual reports 2008
terex Merrill050808
terex Merrill050808
terex BofA050808
terex BofA050808
terex Merrill050808
terex Merrill050808
terex BofA050808
terex BofA050808
terex Sanford053008
terex Sanford053008
terex Shareholders0508
terex Shareholders0508
terex Shareholders0508
terex Shareholders0508
terex 08_06_04_JP_Morgan_Conf
terex 08_06_04_JP_Morgan_Conf
terex Sanford053008
terex Sanford053008
terex 08_06_04_JP_Morgan_Conf
terex 08_06_04_JP_Morgan_Conf
terex KeyBanc060508
terex KeyBanc060508
terex KeyBanc060508
terex KeyBanc060508
terex Wachovia062508
terex Wachovia062508
terex Wachovia062508
terex Wachovia062508
Último
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
Falcon Invoice Discounting
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Call Girls in Nagpur High Profile
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Call Girls in Nagpur High Profile
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
dipikadinghjn ( Why You Choose Us? ) Escorts
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
Call Girls in Nagpur High Profile Call Girls
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
priyasharma62062
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
priyasharma62062
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
roshnidevijkn ( Why You Choose Us? ) Escorts
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
jeffreytingson
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
roncy bisnoi
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Call Girls in Nagpur High Profile
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
priyasharma62062
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
amitlee9823
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
priyasharma62062
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
priyasharma62062
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Último
(20)
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
call girls in Sant Nagar (DELHI) 🔝 >༒9953056974 🔝 genuine Escort Service 🔝✔️✔️
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
Kharghar Blowjob Housewife Call Girls NUmber-9833754194-CBD Belapur Internati...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
Bandra High Profile Sexy Call Girls,9833754194-Khar Road Speciality Call Girl...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
dana holdings JPMorganConf_081308
1.
JP Morgan
Harbour Auto Conference August 13, 2008 © 2008 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.
2.
To Print This
Presentation … Please visit: www.dana.com/investors © 2008 Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.
3.
Safe Harbor Statement Certain
statements and projections contained in this presentation are, by their nature, forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward- looking statement. Dana’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss important risk factors that could affect our business, results of operations and financial condition. The forward-looking statements in this presentation speak only as of this date. Dana does not undertake any obligation to revise or update publicly any forward-looking statement for any reason. 3 © Dana Limited
4.
Agenda
Views on the North American Auto Industry The Dana Story Financial Update 4 © Dana Limited
5.
“The End of
the World … as We Know It” North American auto industry in turmoil Cyclical downturn Structural shift to smaller vehicles Financial pressures Technical demands Global competition What happens next? And when? 5 © Dana Limited
6.
Dana – Navigating
a Turbulent Market Operational initiatives Process People “Rightsizing” organization to reflect market realities Strategic initiatives Focus World’s best driveline company Financial initiatives Optimize capital structure Focus on cash flow Earnings 6 © Dana Limited
7.
Dana – At
Emergence Positives Risks/Opportunities Strong balance sheet Operations Strong cash position Management Profit improvements Strategic focus Global footprint Multiple processes Diversified businesses Profits/cash flow Centerbridge Weak presence in Asia Strong Board Global economies Labor relations 7 © Dana Limited
8.
Dana – Six
Months Later Operational Excellence (Dana Operating System) Transformational change Drive cost reductions, efficiency, quality Key metrics, common processes, manufacturing footprint Progress on cost reductions and quality Management team enhanced Strategic direction Dealing with NA volume decline and steel costs Pricing and recover steel costs Address “upside down” contracts Right-size NA auto operations Additional cost reductions More to Do 8 © Dana Limited
9.
Dana – Looking
Forward Complete the 2008 priorities (operations, strategy, financial metrics) Vision: Best global driveline business Continue to serve three global markets Common processes Fix NA auto business Consolidation … or downsize further Leverage growth opportunities Automotive Commercial truck Off-highway Financial focus Cash flow Optimize capital structure Earnings – cost and revenue 9 © Dana Limited
10.
Dana Revenues by
Region (2008 YTD) Europe North America 31% 49% 12% 8% South America Asia-Pacific 113 facilities 26 countries 10 © Dana Limited
11.
Dana Revenues by Product/Business
Line (2008 YTD) Off-Highway Light Axle 21% 27% 14% 11% Commercial Vehicle 15% 9% Structures 3% Sealing Driveshaft (50% Commercial Thermal Vehicle) Non-light vehicle = 42% of sales 11 © Dana Limited
12.
Dana Revenues (2008
YTD) Ford All Other 19% GM 47% 6% Toyota 5% 4% Paccar 4% 3% Nissan 3%3% 3%3% Navistar Volvo Daimler Chrysler Fiat 12 © Dana Limited
13.
Financial Update © 2008
Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.
14.
First-Half Highlights
Emerged from Chapter 11 Reorganization on Jan. 31 More profitable Clean balance sheet and good liquidity position Conservatively capitalized, enhanced flexibility Complex financial statements because of Chapter 11 emergence Free cash flow at $(90) million* $1.2 billion cash; $1.6 billion liquidity at June 30 * Excludes Reorganization Items 14 © Dana Limited
15.
First-Half Summary ($ in
Millions) 2Q 2008 1H 2008 Change Change Actual from 2007 Actual from 2007 Sales $ 2,333 $ 44 $ 4,645 $ 211 EBITDA 128 (15) 275 28 Capital spend 47 (8) 92 (2) Free cash flow (1) 38 228 (90) 61 (1) - Excludes Reorganization Items See supplemental slides for comments regarding the presentation of non-GAAP measures and a reconciliation of EBITDA to income (loss) from continuing operations before income taxes and free cash flow to cash from (used by) operations. 15 © Dana Limited
16.
Change in Sales (1H
2008 vs. 2007, $ in millions) $4,645 $4,434 $290 ($79) 2007 2008 Volume/Mix/Pricing Currency 16 © Dana Limited
17.
Segment Sales (1H 2008
vs. 2007, $ in Millions) $1,326 1,400 $1,273 1,200 $971 1,000 $787 800 $685 $647 $631 $593 $549 $525 600 $366 $396 400 $151 $157 200 0 Light Axle Driveshaft Structures Sealing Thermal Commercial Off-Highway Vehicle Six Months 2007 Six Months 2008 17 © Dana Limited
18.
Change in EBITDA (1H
2008 vs. 2007, $ in Millions) $275 $247 $90 $16 ($11) ($27) ($40) 2007 2008 Currency Steel Cost* Volume/Mix Pricing* Cost Saving/ Transaction Ops. Improv. Income * Pricing recovery of $15 included in steel cost. See supplemental slides for comments regarding the presentation of non-GAAP measures and a reconciliation of EBITDA to income (loss) from continuing operations before income taxes. 18 © Dana Limited
19.
Steel Price Increases
Continue 2008 Profit Impact ($ in Millions) 1H 2H* Total Steel Increase (42) (200) (242) Recovery 15 100 115 Scrap Steel $/Ton Net (27) (100) (127) 1000 Recovery 36% 50% 48% Current 2H08 Projection $850/Ton 800 2008 YTD Actual 600 May Projection $550/Ton 400 Initial 2008 Projection 200 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec * Mid-point of estimated range. 19 © Dana Limited
20.
Net Debt ($ in
Millions) June 30, 2008 Cash – U.S. $ 548 International 643 Total cash 1,191 Term loan facility (average rate 6.75%) 1,423 Less OID (107) All other debt 64 Total debt 1,380 Net Debt $ 189 20 © Dana Limited
21.
Global Liquidity ($ in
Millions) June 30, 2008 Cash $ 1,191 Less: Deposits supporting obligations (97) Cash in less than wholly-owned subsidiaries (63) Available cash 1,031 Additional cash availability from: Lines of credit (U.S. and Europe) 575 Additional lines of credit supported by letters of credit from the Revolving Facility 40 Total global liquidity $ 1,646 21 © Dana Limited
22.
Labor/Benefit Cost Reductions
Innovative partnerships with labor unions Competitive wage structure, four-year contract VEBA for retiree health care Pension plans frozen at emergence U.S. salary and non-union hourly employees No OPEB liability (VEBA in 3Q 2007) Pensions well funded and liabilities frozen 22 © Dana Limited
23.
Summary
Solid first half amid turbulent conditions Growth in selected global markets Weaker second half anticipated: Volume decline in North America Steel headwinds Strong liquidity, minimal net debt 23 © Dana Limited
24.
Q&A Session © 2008
Dana Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.
25.
© 2008 Dana
Limited. This presentation contains copyrighted and confidential information of Dana Holding Corporation and/or its subsidiaries. Those having access to this work may not copy it, use it, or disclose the information contained within it without written authorization of Dana Holding Corporation. Unauthorized use may result in prosecution.
26.
Supplemental Slides Non-GAAP Financial
Information In connection with Dana’s emergence from bankruptcy on January 31, 2008 and the application of fresh start accounting in accordance with the provisions of the American Institute of Certified Public Accountants’ Statement of Position 90-7, the post-emergence results of the successor company for the five months ended June 30, 2008 and the pre-emergence results of the predecessor company for the one month ended January 31, 2008 are presented separately as successor and predecessor results in the financial statements presented in our Form 10-Q. This presentation is required by generally accepted accounting principles (GAAP) as the successor company is considered to be a new entity, and the results of the new entity reflect the application of fresh start accounting. For your convenience in viewing the accompanying slides, we have combined the separate successor and predecessor periods to derive combined results for the six months ended June 30, 2008. The following slides provide the separate successor and predecessor GAAP results for the applicable periods, along with the combined results described above for the first six months of 2008. Slides 15 and 18 refer to EBITDA, which we’ve defined to be earnings before interest, taxes, depreciation, amortization and restructuring. EBITDA is a non-GAAP financial measure, and the measure currently being used by Dana as the primary measure of its reportable operating segment performance. EBITDA was selected as the primary measure for operating segment performance as well as a relevant measure of Dana’s overall performance given the enhanced comparability and usefulness after application of fresh start accounting. The most significant impact to Dana’s ongoing results of operations as a result of applying fresh start accounting is higher depreciation and amortization. By using EBITDA, which is a performance measure that excludes depreciation and amortization, the comparability of results is enhanced. Management also believes that EBITDA is an important measure since the financial covenants of our primary debt agreements are EBITDA-based, and our management incentive performance programs are based, in part, on EBITDA. Because it is a non-GAAP measure, EBITDA should not be considered a substitute for net income or other reported results prepared in accordance with GAAP. The last supplemental slide provides a reconciliation of EBITDA for the periods presented to the reported income (loss) from continuing operations before income taxes, which is a GAAP measure. 26 © Dana Limited
27.
Three Months Ended DANA
HOLDING CORPORATION June 30 Consolidated Statement of Operations (Unaudited) Dana Prior Dana For the Three Months Ended June 30, 2008 and 2007 2008 2007 $ 2,333 $ 2,289 Net sales Costs and expenses Cost of sales 2,206 2,141 Selling, general and administrative expenses 84 88 Amortiziation of intangibles 19 Realignment charges, net 40 134 Impairment of goodwill 75 Impairment of intangible assets 7 Other income, net 20 32 Loss from continuing operations before interest, reorganization items and income taxes (78) (42) Interest expense (contractual interest of $17 for the one month ended January 31, 2008 and $55 for the three months ended June 30, 2007 35 28 Reorganization items, net 12 38 Loss from continuing operations before income taxes (125) (108) Income tax expense (12) (3) Minority interests (3) (4) Equity in earnings of affiliates 2 10 (138) (105) Loss from continuing operations (2) (28) Loss from discontinued operations (140) (133) Net loss 8 Preferred stock dividend requirements $ (148) $ (133) Net loss available to common stockholders Net loss from continuing operations: Basic $ (1.46) $ (0.70) Diluted $ (1.46) $ (0.70) Net loss from discontinued operations Basic $ (0.01) $ (0.19) Diluted $ (0.01) $ (0.19) Net loss available to common stockholders Basic $ (1.47) $ (0.89) Diluted $ (1.47) $ (0.89) Average common shares outstanding: Basic 100 150 27 Diluted 160 150 © Dana Limited
28.
Dana
Prior Dana Combined Prior Dana DANA HOLDING CORPORATION Five Months One Month Six Months Six Months Consolidated Statement of Operations (Unaudited) Ended Ended Ended Ended For the Six Months Ended June 30, 2008 and 2007 June 30, January 31, June 30, June 30, 2008 2008 2008 (1) 2007 $ 3,894 $ 751 $ 4,645 $ 4,434 Net sales Costs and expenses Cost of sales 3,683 702 4,385 4,184 Selling, general and administrative expenses 149 34 183 184 Amortiziation of intangibles 31 31 Realignment charges, net 45 12 57 153 Impairment of goodwill 75 75 Impairment of intangible assets 7 7 Other income, net 52 8 60 78 Income (loss) from continuing operations before interest, reorganization items and income taxes (44) 11 (33) (9) Interest expense (contractual interest of $17 for the the one month ended January 31, 2008 and $105 for the six months ended June 30, 2007) 62 8 70 51 Reorganization items, net 21 98 119 75 Fresh start accounting adjustments 1,009 1,009 Income (loss) from continuing operations before income taxes (127) 914 787 (135) Income tax expense (32) (199) (231) (18) Minority interests (5) (2) (7) (6) Equity in earnings of affiliates 3 2 5 18 Income (loss) from (161) 715 554 (141) continuing operations (3) (6) (9) (84) Loss from discontinued operations (164) 709 545 (225) Net income (loss) Preferred stock dividend 13 13 requirements Net income (loss) available to $ (177) $ 709 $ 532 $ (225) common stockholders Net income (loss) from continuing operations: Basic $ (1.74) $ 4.77 $ (0.94) Diluted $ (1.74) $ 4.75 $ (0.94) Net loss from discontinued operations Basic $ (0.02) $ (0.04) $ (0.56) Diluted $ (0.02) $ (0.04) $ (0.56) Net income (loss) available to common stockholders: Basic $ (1.76) $ 4.73 $ (1.50) Diluted $ (1.76) $ 4.71 $ (1.50) Average common shares outstanding: Basic 100 150 150 Diluted 160 150 150 (1) See quot;Non-GAAP Financial Informationquot; on slide 30 for comments regarding the presentation of combined information for the six months ended June 30, 2008. 28 © Dana Limited
29.
DANA HOLDING CORPORATION
Dana Prior Dana Consolidated Balance Sheet (Unaudited) June 30, December 31, Assets 2008 2007 At June 30, 2008 and December 31, 2007 Current assets Cash and cash equivalents $ 1,191 $ 1,271 Restricted cash 93 Accounts receivable Trade, less allowance for doubtful accounts of $21 in 2008 and $20 in 2007 1,431 1,197 Other 295 295 Inventories Raw materials 401 331 Work in process and finished goods 640 481 Assets of discontinued operations 24 Other current assets 147 100 4,105 3,792 Total current assets Goodwill 248 349 Intangibles 649 1 Investments and other assets 269 348 Investments in affiliates 172 172 Property, plant and equipment, net 2,039 1,763 $ 7,482 $ 6,425 Total assets Liabilities and stockholders' equity (deficit) Current liabilities Notes payable, including current portion of long-term debt $ 62 $ 283 Debtor-in-possession financing 900 Accounts payable 1,203 1,072 Accrued payroll and employee benefits 265 258 Liabilities of discontinued operations 9 Taxes on income 160 12 Other accrued liabilities 501 418 2,191 2,952 Total current liabilities Liabilities subject to compromise 3,511 Deferred employee benefits and other non-current liabilities 879 630 Long-term debt 1,318 19 Minority interest in consolidated subsidiaries 115 95 Commitments and contingencies 4,503 7,207 Total liabilities Preferred stock, 50,000,000 shares authorized Series A, $0.01 par value, 2,500,000 issued and outstanding 242 Series B, $0.01 par value, 5,400,000 issued and outstanding 529 Common stock, $.01 par value, 450,000,000 authorized, 99,735,387 issued and outstanding 1 Prior Dana common stock, $1.00 par value, 350,000,000 authorized, 150,245,250 issued and outstanding 150 Additional paid-in capital 2,310 202 Accumulated deficit (177) (468) Accumulated other comprehensive income (loss) 74 (666) 2,979 (782) Total stockholders' equity (deficit) $ 7,482 $ 6,425 Total liabilities and stockholders' equity (deficit) 29 © Dana Limited
30.
Three Months Ended DANA
HOLDING CORPORATION Dana Prior Dana Consolidated Statement of Cash Flows (Unaudited) June 30, June 30, For the Three Months Ended June 30, 2008 and 2007 2008 2007 Cash flows - operating activities Net income (loss) $ (140) $ (133) Depreciation 72 69 Amortization of intangibles 23 Amortization of inventory valuation Amortization of deferred financing charges and original issue discount 7 Impairment of goodwill and other intangible assets 82 Non-cash portion of U.K. pension charge 60 Minority interest 3 6 Reorganization: Gain on settlement of liabilities subject to compromise Payment of claims (1) (9) Reorganization items net of cash payments (5) (20) Fresh start adjustments Payments to VEBAs (27) Loss (gain) on sale of businesses and assets (22) Change in working capital 57 (12) Other, net (14) (56) 76 (135) Net cash flows provided by (used in) operating activities (1) Cash flows - investing activities Purchases of property, plant and equipment (1) (47) (55) Proceeds from sale of businesses and assets 93 Change in restricted cash (88) Other (12) 40 (59) (10) Net cash flows provided by (used in) investing activities Cash flows - financing activities Proceeds from (repayment of) debtor-in-possession facility Net change in short-term debt (81) (93) Payment of DCC Medium Term Notes Proceeds from Exit Facility debt Original issue discount fees Deferred financing fees (1) Repayment of Exit Facility debt (3) Issuance of Series A and Series B preferred stock Preferred dividends paid (11) Other (7) (2) (103) (95) Net cash flows provided by (used in) financing activities (86) (240) Net increase (decrease) in cash and cash equivalents Cash and cash equivalents - beginning of period 1,283 1,250 Effect of exchange rate changes on cash balances (6) 11 Net change in cash of discontinued operations (5) $ 1,191 $ 1,016 Cash and cash equivalents - end of period (1) Free cash flow of $38 in 2008 and $(190) in 2007 is the sum of net cash provided by (used in) operating activites (excluding claims payments) reduced by the purchases of property, plant 30 and equipment. © Dana Limited
31.
DANA HOLDING CORPORATION
Six Months Ended June 30, 2008 Dana Prior Dana Combined Prior Dana Consolidated Statement of Cash Flows (Unaudited) Five Months One Month Six Months Six Months For the Six Months Ended June 30, 2008 and 2007 Ended Ended Ended Ended June 30, January 31, June 30, June 30, 2008 2008 2008 (1) 2007 Cash flows - operating activities Net income (loss) $ (164) $ 709 $ 545 $ (225) Depreciation 120 23 143 139 Amortization of intangibles 38 38 Amortization of inventory valuation 15 15 Amortization of deferred financing charges and original issue discount 11 11 Impairment of goodwill and other intangible assets 82 82 Non-cash portion of U.K. pension charge 60 Minority interest 5 2 7 6 Deferred income taxes (17) 191 174 (7) Reorganization: Gain on settlement of liabilities subject to compromise (27) (27) Payment of claims (97) (97) Reorganization items net of cash payments (23) 79 56 7 Fresh start adjustments (1,009) (1,009) Payments to VEBAs (733) (55) (788) (27) Loss (gain) on sale of businesses and assets 1 7 8 (8) Change in working capital (67) (61) (128) (64) Other, net (22) 19 (3) (33) (851) (122) (973) (152) Net cash flows provided by (used in) operating activities Cash flows - investing activities Purchases of property, plant and equipment (76) (16) (92) (94) Proceeds from sale of businesses and assets 5 5 421 Change in restricted cash 93 93 (88) Other (4) (5) (9) 25 (80) 77 (3) 264 Net cash flows provided by (used in) investing activities Cash flows - financing activities Proceeds from (repayment of) debtor-in-possession facility (900) (900) 200 Net change in short-term debt (88) (18) (106) (28) Payment of DCC Medium Term Notes (136) (136) Proceeds from Exit Facility debt 80 1,350 1,430 Original issue discount fees (114) (114) Deferred financing fees (1) (40) (41) Repayment of Exit Facility debt (7) (7) Issuance of Series A and Series B preferred stock 771 771 Preferred dividends paid (11) (11) Other (12) (1) (13) (2) (39) 912 873 170 Net cash flows provided by (used in) financing activities (970) 867 (103) 282 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents - beginning of period 2,147 1,271 1,271 704 Effect of exchange rate changes on cash balances 14 5 19 28 Net change in cash of discontinued operations 4 4 (13) $ 1,191 $ 2,147 $ 1,191 $ 1,001 Cash and cash equivalents - end of period 31 © Dana Limited
32.
Three Months Ended DANA
HOLDING CORPORATION SEGMENT EBITDA RECONCILIATION (Unaudited) June 30, 2008 Reconciliation of Segment EBITDA to Income (loss) Dana Prior Dana from Continuing Operations Before Income Taxes 2008 2007 ASG Light Axle $ 32 $ 35 Driveshaft 45 32 Sealing 26 22 Thermal 4 7 Structures 29 35 Eliminations and other (10) Total ASG 136 $ 121 HVSG Commercial Vehicle 12 13 Off-Highway 50 46 Eliminations and other (2) (2) Total HVSG 60 57 Total Segment EBITDA 196 178 Shared services and administrative (36) (44) Other income (loss) (24) (9) Foreign exchange not in segments (8) 18 EBITDA 128 143 Depreciation (72) (69) Amortization (23) Realignment (40) (134) DCC EBIT (3) 9 Goodwill impairment (75) Impairment of other intangible assets (7) Reorganization items, net (12) (38) Interest expense (35) (28) Interest income 14 9 Loss from continuing operations before income taxes $ (125) $ (108) 32 © Dana Limited
33.
Six Months Ended
June 30, 2008 DANA HOLDING CORPORATION Dana Prior Dana Combined Prior Dana SEGMENT EBITDA RECONCILIATION (Unaudited) Five Months One Month Six Months Six Months Reconciliation of Segment EBITDA to Income (loss) Ended Ended Ended Ended from Continuing Operations Before Income Taxes June 30, January 31, June 30, June 30, 2008 2008 2008 (1) 2007 ASG Light Axle $ 52 $ 8 $ 60 $ 47 Driveshaft 71 12 83 50 Sealing 41 7 48 40 Thermal 8 3 11 14 Structures 46 5 51 58 Eliminations and other (5) (3) (8) (16) Total ASG $ 213 $ 32 $ 245 $ 193 HVSG Commercial Vehicle 23 4 27 30 Off-Highway 82 15 97 87 Eliminations and other (4) (4) (4) Total HVSG 101 19 120 113 314 51 365 306 Segment EBITDA Shared services and administrative (67) (13) (80) (85) Other income (21) (21) 4 Foreign exchange not in segments 7 4 11 22 233 42 275 247 EBITDA Depreciation (120) (23) (143) (139) Amortization (53) (53) Realignment (45) (12) (57) (153) DCC EBIT (2) (2) 19 Goodwill impairment (75) (75) Impairment of other intangible assets (7) (7) Reorganization items, net (21) (98) (119) (75) Interest expense (62) (8) (70) (51) Interest income 25 4 29 17 Fresh start accounting adjustments 1,009 1,009 Income (loss) from continuing operations before income taxes $ (127) $ 914 $ 787 $ (135) (1) See quot;Non-GAAP Financial Informationquot; on slide 30 for comments regarding the presentation of 33 © Dana Limited combined information for the six months ended June 30, 2008
Baixar agora