Forward Looking Statements This presentation contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or similar expressions. In particular, this presentation contains forward-looking statements about Company estimates for the remainder of the year with respect to revenues and earnings per share. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including but not limited to: (i) CVG’s ability to develop or successfully introduce new products; (ii) risks associated with conducting business in foreign countries and currencies; (iii) general economic or business conditions affecting the markets in which CVG serves; (iv) increased competition in the heavy-duty truck market; (v) CVG’s failure to complete or successfully integrate additional strategic acquisitions; (vi) the impact of changes in governmental regulations on our customers or on our business; (vii) the loss of business from a major customer or the discontinuation of particular commercial vehicle platforms; and (viii) various other risks as outlined in CVG’s SEC filings. There can be no assurance that statements made in this presentation relating to future events will be achieved. CVG undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to CVG or persons acting on behalf of CVG are expressly qualified in their entirety by such cautionary statements. For a complete description of risks, please refer to our current SEC reports on file. 2
Mervin Dunn President and CEO 3
Introductions W. Gordon Boyd President Global Construction Gerald L. Armstrong President Global Truck James F. Williams Vice President Human Resources Kevin R. L. Frailey Chad M. Utrup Executive Vice President Chief Financial Business Development Officer 4
CVG Historical Perspective 5
State of Our Business in 1999 100% Trim Systems and Components 6
State of Our Business in 1999 Approximately 95% of Our Business Concentrated in North American Heavy Truck Market Columbus, OH Chillicothe, OH Dublin, VA Seattle, WA Vancouver, WA Statesville, NC Denton, TX Toluca, MX 7
State of Our Business in 1999 95% of that business was divided between 3 customers 8
Signs Change Was Needed In 1999 CVG was: Overly dependent on North America Overly dependent on Class 8 trucks Overly dependent on too few customers Highly susceptible to cyclical markets 9
Our Strategic Direction Previous tactics would not be useful in creating a sustainable growth-oriented company. A long term strategy was needed A commitment to both internal and external change was necessary in the deployment of the Flexible Flexible Sustainable Sustainable Cost Cost Financial Financial Structure strategy Structure Structure Structure Innovation Innovation Operational Operational and and Excellence Excellence Technology Technology Our strategy was built on 4 internal and 4 external Expanded Expanded Expanded Expanded initiatives End End Product Product Markets Markets Portfolio Portfolio Geographic Geographic Customer Customer Diversity Diversity Diversity Diversity 10
Our Strategic Direction Generate a Lean and Flexible Cost Structure Generate a Sustainable Financial Structure Generate a Culture of Innovation and Technology Generate Operational Excellence Generate Expanded End Markets Generate Geographic Diversity Sustainable Sustainable Generate an Expanded Product Portfolio Flexible Flexible Financial Financial Cost Cost Structure Structure Structure Structure Innovation Innovation Operational Operational and and Excellence Excellence Technology Technology Expanded Expanded Expanded Expanded End End Product Product Markets Markets Portfolio Portfolio Geographic Geographic Customer Customer Diversity Diversity Diversity Diversity
The Role of R & D In Our Strategy Our Strategy has served CVG well � Continued to invest in R & D � Opened this Center as a cornerstone of our corporate strategy Sustainable Sustainable Flexible Flexible Financial Financial Cost Cost Structure Structure Structure Structure Innovation Innovation Operational Operational and and Excellence Excellence Technology Technology Expanded Expanded Expanded Expanded End End Product Product Markets Markets Portfolio Portfolio Geographic Geographic Customer Customer Diversity Diversity Diversity Diversity 12
Premiering CVG’s New Research and Development Center Kevin Frailey
Our Strategic Direction Generate a Culture of Innovation and Technology 1999 2007 2008 New State-of- Building Center Separate by the-Art Capabilities of Gravity Product Corporate for Full Cab R&D Center Core Solely North Global Reach Capabilities Emphasis American New End and Truck Markets Integration Increased Talent Adequate, yet Breadth Core Design, Materials, Product Autonomous Systems Integration 14
R & D In 2007: Bringing It All Together Gahanna Invested in Consolidated New Albany Intellectual Engineering Capital Facilities Increased Farmington Hills Invested in Design New Products Capacity Dublin New State-of-the-Art Corporate and R&D Center 15
2008 R&D Priorities 16
Research & Development at Corporate Headquarters Integration Next logical integration step of CVG acquisitions (“Technical Integration”) Teamwork Leadership and employees together at the source of innovation Efficiencies in information- sharing Growth “Gravitational pull” for business unit capabilities to become corporate competencies Advanced Working across constraints of Information time and space Technology New Products and Focus of entire corporation on Solutions strategy to create a culture of innovation
Headquarters & R&D Center Facts Customer Project Bays Acoustic and Thermal Development Center and Presentation Room Durability Chamber Full-Cab Driving Prototyping and Simulator Development Shop Advanced Data Center Competitive Intelligence and Benchmarking Room 89,000 sq. feet total complex 39,000 sq. feet for Research & Development Concept to Prototype Development of complete cab-system products for our facilities around the world
Customer Project Bays and Presentation Room Description Purpose Secure design bays with video Preserve confidentiality of multiple surveillance and electronic keyed customer projects access Designed and sized to accommodate Handle variety of vehicles: Class 8 our end customer trucks, marine equipment, bus, and military vehicles Large adjoining presentation room Unveil/exhibit customer project work
Competitive Intelligence and Benchmarking Room Description Purpose Complete tear-down capabilities Increase competitiveness of CVG products Standardized methods/processes Grow knowledge base of employees ATOS 3-D scanner/digital Reproduce competitive product photogrammetry digitally CAD data creation Identify opportunities/cost reduction ideas Data base of competitive information Develop new features/functions Teaching sessions/report-outs Earn more money/increase shareholder value
Acoustical and Thermal Development Center Description Purpose Sound absorption testing Contrast competitive material choices Noise source identification and noise Improve insulation, seats, flooring plotting and trim Full range of data collection and Channel design efforts for maximum simulation impact Jury testing Create more operator-friendly cab interiors
Durability Chamber Description Purpose Multi-axis Vibration Table (Sept. Optimize seat/cab suspension to 08) achieve better ride quality Accelerate design validation Climactic Chamber (2009) Test durability and vibration on all products within a wide range of temperatures and humidity conditions
Full-Cab Simulator Description Purpose Reproduction of realistic driving Ride-test concept prototypes conditions in controlled, repeatable environment Data recording Prove out field research testing protocols
Advanced Data Center Description Purpose Connectivity between CVG R&D center Overcome constraints of space projects via live feed to customers around and time the globe Collaborate Globally with customers and partners Enhanced Data Security Protect the intellectual capital of CVG and its customers Worldwide MPLS Network Connectivity Reduce Cost
Global truck Jerry Armstrong 25
Our Strategic Direction Generate Expanded End Markets Revenues (in millions) Other 1 OEM Truck Construction 442% Growth Expanded Expanded End End Markets Markets 26
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