This document provides an agenda and summaries from Lear Corporation's 2005 Annual Meeting of Shareholders. The agenda includes presentations on the company's strategic and financial review, and operating reviews of their Americas and International segments. Key points from the presentations include that Lear has rapidly grown sales from $3.1 billion in 1994 to $17 billion in 2004 through strategic acquisitions and diversification. They have also reduced debt levels and improved profitability in recent years. However, results in 2005 are expected to be negatively impacted by adverse platform mix and lower industry production volumes and higher raw material costs.
This document summarizes Morgan Stanley's Global Automotive Seminar held on March 21, 2005. The agenda includes strategic overviews from the Chairman & CEO and CFO, as well as a presentation on shareholder value from the Vice Chairman. Highlights note Lear's customer-focused strategy has delivered growth but near-term results are negatively impacted by difficult industry conditions. The longer-term outlook remains positive. The document then provides more details on Lear's strategic evolution, financial performance, approach to mitigating costs, new model changeovers, and balanced approach to long-term shareholder value creation.
Group 1 Automotive is a top five U.S. automotive dealer group with over 170,000 vehicle sales in 2008 and $4.3 billion in annual revenue. In the first quarter of 2009, revenues decreased 32.2% to $1.02 billion compared to $1.5 billion in the first quarter of 2008. Parts and service generates 70% of gross profits and covers 75-85% of fixed costs. The company expects to dispose of some dealerships that do not provide acceptable returns in 2009 but does not plan additional acquisitions.
Polaris Industries Inc. reported second quarter 2009 earnings results on July 16, 2009. Total company sales decreased 24% to $345.9 million compared to the second quarter of 2008 due to declines in volume partially offset by increases in product mix and price. Net income also decreased 28% compared to the second quarter of 2008. Polaris saw declines in retail sales across all product lines in North America, though the decreases were in line with expectations. Dealer inventory levels and dealer count in North America both decreased compared to the second quarter of 2008.
The document announces that ArvinMeritor will spin off its Light Vehicle Systems segment into a separate publicly traded company. The spinoff is expected to be completed within the next 12 months and will allow each company to focus on its specific market and improve shareholder value. It provides an overview of the new Light Vehicle Systems company, including its leadership team, global operations, strong brand portfolio, and growth opportunities in international markets.
Localiza Rent a Car S.A. 2Q09 and 1H09 Results
Localiza is a car rental company operating in Brazil and South America with an integrated business platform. In 2Q09:
- Car rental revenues grew 4.8% year-over-year to R$140.8 million despite a challenging environment.
- Fleet rental revenues increased 15.5% to R$76.2 million due to higher volumes and prices.
- The company maintains a large rental fleet of over 41,000 cars across its integrated operations in Brazil and internationally, leveraging synergies across its business divisions.
This document summarizes Chip McClure's presentation to shareholders on January 26, 2007. The presentation covers:
1) The company delivered strong financial results in 2006, exceeding targets for sales, earnings per share, operating income, and free cash flow.
2) The company faces challenges from the downturn in the North American truck market and production cuts, as well as increased material costs. However, opportunities exist in growing Asian markets and with some competitors weakened.
3) The company's vision is to be a global systems leader, accelerate growth in Asia and commercial vehicles, and achieve top financial performance among peers through initiatives like expanding its aftermarket business and category crossover.
Goodrich Corporation's annual report summarizes the company's financial performance in 2007. Key highlights include:
- Sales increased 12% to $6.4 billion due to strong growth across commercial aerospace, aftermarket, and defense/space segments.
- Segment operating margins improved from 13.5% to 16.1% while net cash from operations more than doubled to $594 million.
- The company expects continued robust growth in 2008 driven by increasing demand in all market channels.
Marfrig reported net income of R$34.5 million in the first quarter of 2012, reversing a loss in the same quarter of the previous year. Key highlights include a 10% increase in gross profit compared to Q1 2011, a 22% increase in EBITDA, and improved margins. Exports decreased 11% year-over-year due to high inventories decreasing demand in key markets. The company continued its strategy of increasing higher-margin processed foods as a percentage of total sales.
This document summarizes Morgan Stanley's Global Automotive Seminar held on March 21, 2005. The agenda includes strategic overviews from the Chairman & CEO and CFO, as well as a presentation on shareholder value from the Vice Chairman. Highlights note Lear's customer-focused strategy has delivered growth but near-term results are negatively impacted by difficult industry conditions. The longer-term outlook remains positive. The document then provides more details on Lear's strategic evolution, financial performance, approach to mitigating costs, new model changeovers, and balanced approach to long-term shareholder value creation.
Group 1 Automotive is a top five U.S. automotive dealer group with over 170,000 vehicle sales in 2008 and $4.3 billion in annual revenue. In the first quarter of 2009, revenues decreased 32.2% to $1.02 billion compared to $1.5 billion in the first quarter of 2008. Parts and service generates 70% of gross profits and covers 75-85% of fixed costs. The company expects to dispose of some dealerships that do not provide acceptable returns in 2009 but does not plan additional acquisitions.
Polaris Industries Inc. reported second quarter 2009 earnings results on July 16, 2009. Total company sales decreased 24% to $345.9 million compared to the second quarter of 2008 due to declines in volume partially offset by increases in product mix and price. Net income also decreased 28% compared to the second quarter of 2008. Polaris saw declines in retail sales across all product lines in North America, though the decreases were in line with expectations. Dealer inventory levels and dealer count in North America both decreased compared to the second quarter of 2008.
The document announces that ArvinMeritor will spin off its Light Vehicle Systems segment into a separate publicly traded company. The spinoff is expected to be completed within the next 12 months and will allow each company to focus on its specific market and improve shareholder value. It provides an overview of the new Light Vehicle Systems company, including its leadership team, global operations, strong brand portfolio, and growth opportunities in international markets.
Localiza Rent a Car S.A. 2Q09 and 1H09 Results
Localiza is a car rental company operating in Brazil and South America with an integrated business platform. In 2Q09:
- Car rental revenues grew 4.8% year-over-year to R$140.8 million despite a challenging environment.
- Fleet rental revenues increased 15.5% to R$76.2 million due to higher volumes and prices.
- The company maintains a large rental fleet of over 41,000 cars across its integrated operations in Brazil and internationally, leveraging synergies across its business divisions.
This document summarizes Chip McClure's presentation to shareholders on January 26, 2007. The presentation covers:
1) The company delivered strong financial results in 2006, exceeding targets for sales, earnings per share, operating income, and free cash flow.
2) The company faces challenges from the downturn in the North American truck market and production cuts, as well as increased material costs. However, opportunities exist in growing Asian markets and with some competitors weakened.
3) The company's vision is to be a global systems leader, accelerate growth in Asia and commercial vehicles, and achieve top financial performance among peers through initiatives like expanding its aftermarket business and category crossover.
Goodrich Corporation's annual report summarizes the company's financial performance in 2007. Key highlights include:
- Sales increased 12% to $6.4 billion due to strong growth across commercial aerospace, aftermarket, and defense/space segments.
- Segment operating margins improved from 13.5% to 16.1% while net cash from operations more than doubled to $594 million.
- The company expects continued robust growth in 2008 driven by increasing demand in all market channels.
Marfrig reported net income of R$34.5 million in the first quarter of 2012, reversing a loss in the same quarter of the previous year. Key highlights include a 10% increase in gross profit compared to Q1 2011, a 22% increase in EBITDA, and improved margins. Exports decreased 11% year-over-year due to high inventories decreasing demand in key markets. The company continued its strategy of increasing higher-margin processed foods as a percentage of total sales.
This document summarizes Cummins Inc.'s fourth quarter 2006 earnings teleconference. It discusses financial results for each of Cummins' business segments. Cummins reported record annual revenue and operating earnings for 2006. Looking ahead, Cummins provided guidance for 2007 anticipating sales growth of 0-5% and earnings per share of $11.00-$11.50. Cummins is confident in its ability to perform in 2007 and beyond due to changes that have fundamentally strengthened its business model.
The document summarizes Daimler's Q1 2009 results. Key points include:
- EBIT fell to minus €1.4 billion from €2 billion in Q1 2008 due to lower unit sales from the economic crisis.
- Net profit decreased from €1.3 billion to minus €1.3 billion.
- Daimler finalized its separation from Chrysler through an agreement that releases it from liabilities and requires cash payments of €0.6 billion through 2011.
- Countermeasures have been initiated to reduce expenses by €4 billion.
The document summarizes CSX's third quarter 2006 earnings presentation. It reports that CSX had record third quarter revenues of $2.4 billion, up 14% from the previous year. Surface transportation operating income increased 31% to $489 million. Comparable earnings per share increased 50% to $0.54, excluding insurance recoveries and tax benefits. CSX also initiated a $500 million share buyback program and expects to deliver over $300 million in free cash flow for 2006. Overall, CSX's core strategies are sustaining solid momentum and financial performance.
Deutsche Bank 2007 Leveraged Finance Conference presentation by Jim Donlon and Mary Lehmann of ArvinMeritor discusses:
1) Weakness in the US truck market due to economic slowdown and credit crunch affecting sales and production volumes.
2) Supply chain challenges in Europe from unexpected surge in demand, requiring premium freight and tight capacity.
3) Outlook for 2008 is lowered from 2007 due to ongoing operational issues and non-recurring charges, but medium-term investment thesis remains intact with cost savings plans and growth in commercial vehicle markets.
CSX reported strong fourth quarter 2006 results, with earnings per share of $0.75 compared to $0.52 in fourth quarter 2005. Surface transportation operating income increased 15% year-over-year to $505 million. Revenue increased 8% driven by an 8% increase in revenue per unit, though volumes were essentially flat. Operations continued to improve, with increases in on-time performance and train velocity and decreases in dwell time. Looking forward, CSX expects continued pricing opportunities and economic growth in 2007-2008, while focusing on further improving safety and service.
This document summarizes a presentation given by Paul Cutler, Treasurer of FPL Group, Inc. and Mike O'Sullivan, Senior Vice President of NextEra Energy Resources at the 2009 Credit Suisse Energy Summit on February 3, 2009. The presentation discusses FPL Group's position as a leading U.S. power company with a focus on clean energy. It highlights the company's strong financial position and credit ratings. It also discusses opportunities for growth in the U.S. wind and solar markets and how FPL Group is well positioned to benefit from policy shifts supporting low-carbon energy development.
This document contains forward-looking statements about Sherwin-Williams' sales, earnings, and other matters that are based on management's current expectations and are subject to risks. It discusses Sherwin-Williams' financial highlights for 2007 including net sales, EBITDA, income, earnings per share, and return on assets. It also provides an overview of the global and U.S. coatings industry, Sherwin-Williams' operating segments, and its strategies for future growth.
Company report reliance broadcast network 17th april 2012Four-S
RBN is rapidly building a strong presence in the Indian media and entertainment industry. Within 6 years, RBN's BIG FM radio network has become the largest private radio network by scale and the second largest by revenues. RBN also has a 5 channel broadcasting portfolio and is entering the profitable phases of its radio and television businesses. RBN's international joint ventures and content production capabilities position it for continued high growth across radio, television, and other segments in the coming years.
Goodrich Corporation's annual report for 2005 highlights its continued growth and strategic focus on balanced growth, leveraging the enterprise, and operational excellence. Sales increased 15% to $5.4 billion for the year, marking the third consecutive year of growth. Strong growth in commercial aerospace markets continued to drive momentum, with new contracts on programs like the Boeing 787 and Airbus A350 expected to contribute significantly to future revenue. Operational improvements also led to increased segment operating margins of 11.5% for 2005.
Conferencesand Non Deal Roadshow October2008Localiza
The document is Localiza Rent a Car's 3Q08 results presentation. It summarizes Localiza's integrated business platform, growth opportunities through GDP growth, market consolidation, and expanding airport and off-airport markets. It highlights Localiza's competitive advantages of scale, distribution network, used car sales expertise, and lower depreciation costs. The presentation shows Localiza growing revenues and market share while maintaining profitability, with 38% revenue growth in 3Q08.
Evan Armstrong from Armstrong & Associates on ‘Examining the State of Third P...eyefortransport
This document provides an overview of the current state of the third-party logistics (3PL) industry. It discusses key trends such as growing global 3PL market revenues driven by factors like offshoring and outsourced manufacturing. The document also summarizes data on the top 3PL providers and North American warehousing 3PLs, and analyzes segments of the US 3PL market in terms of revenues, growth rates, and profit margins.
This document provides an overview of Goodrich Corporation presented at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. Key points include: Goodrich has a balanced portfolio and business mix with 45% of sales from aftermarket; sales are expected to continue growing due to new aircraft platforms and programs; the large commercial aircraft fleet is growing and provides a major opportunity for aftermarket sales; and Goodrich is well positioned in both commercial and defense markets.
Localiza Rent a Car S.A. operates an integrated business platform in the car rental industry in Brazil with over 39,000 vehicles, 1.6 million clients, and over 2,500 employees. The presentation discusses the company's competitive advantages, growth opportunities from consolidation in the fragmented off-airport market, elasticity to GDP growth, and increasing credit card usage. It also provides a breakdown of the company's revenues and EBITDA by division for 2008, showing the car rental division as the main contributor.
This document contains forward-looking statements from a presentation at the Bear Stearns Global Transportation Conference in May 2006. It summarizes CSX's strategies, performance, and outlook. The strategies are focused on profitable growth, operational discipline, and performance culture. Core strategies are driving revenue growth and improving returns. While the transportation environment remains strong, factors like the economy could still impact CSX's future results. Overall, the strategies are gaining momentum and volume growth is expected to build further.
The document is a notice for the annual meeting of stockholders of Illinois Tool Works Inc. (ITW) to be held on May 2, 2008. The purposes of the meeting are to: 1) elect ten directors for the upcoming year; 2) reapprove the performance factors and award limit under the Executive Incentive Plan; and 3) ratify the appointment of Deloitte & Touche LLP as ITW's independent public accountants. Stockholders of record as of March 4, 2008 are entitled to vote. The board recommends voting for all director nominees and proposals.
This document is an application form for the Erasmus+ 2014 Call for proposals under the Key Action 2
Strategic Partnerships action. The form requests information about the applicant organizations, the project
description and activities, budget, and participating organizations. It guides applicants through sections on
project context and objectives, preparation, implementation, management, dissemination of results, and
includes a summary and budget breakdown. Upon completion, applicants must check eligibility criteria and
provide personal data acknowledgements before final submission.
This document provides instructions for making pulled pork using a meat smoker. It describes the key components of a smoker, recommends using pork shoulder or Boston butt, and details how to season the meat, add wood for smoking, monitor temperature, mop the meat, and know when it is done by checking the internal temperature and ease of pulling the meat. The overall process is described as a low and slow cooking method using smoke to flavor the meat.
Tyoelaman kehittamisstrategia2020 a4_eng_ finland_national working life devel...Mario Verissimo
The document outlines Finland's national working life development strategy to 2020. It discusses challenges facing Finnish working life, including an aging population, technological changes, and the need to improve productivity and participation in the workforce. The strategy's vision is to make working life in Finland the best in Europe by 2020. It identifies four key focus areas: innovation and productivity; trust and cooperation; health and well-being at work; and developing a competent workforce. The strategy was created through broad cooperation led by the Ministry of Employment and the Economy to strengthen Finland's competitiveness and ensure a high quality of working life.
This document is an application form for the Erasmus+ 2014 call for proposals under the Key Action 2 strategic partnerships grant. The form requests information in several sections, including general information about applicant and partner organizations, a description of the proposed project activities and objectives, a budget, and required supporting documents. It informs applicants about the application and selection process and important conditions related to applying for and receiving EU funding.
Gigi reyes public apology and statementraissarobles
Gigi Reyes, chief-of-staff to Senate President Juan Ponce Enrile, issues a public apology for disrespectful comments made about Senator Alan Cayetano in an interview. She resigns from her position due to the ethical breach and differing opinions with Enrile on how to respond to allegations of misused public funds. Reyes provides context around Senate budgets and processes to clarify inaccuracies in the allegations while also expressing disappointment that more Senators did not defend Enrile or the Senate's honor during the controversy.
This document summarizes Cummins Inc.'s fourth quarter 2006 earnings teleconference. It discusses financial results for each of Cummins' business segments. Cummins reported record annual revenue and operating earnings for 2006. Looking ahead, Cummins provided guidance for 2007 anticipating sales growth of 0-5% and earnings per share of $11.00-$11.50. Cummins is confident in its ability to perform in 2007 and beyond due to changes that have fundamentally strengthened its business model.
The document summarizes Daimler's Q1 2009 results. Key points include:
- EBIT fell to minus €1.4 billion from €2 billion in Q1 2008 due to lower unit sales from the economic crisis.
- Net profit decreased from €1.3 billion to minus €1.3 billion.
- Daimler finalized its separation from Chrysler through an agreement that releases it from liabilities and requires cash payments of €0.6 billion through 2011.
- Countermeasures have been initiated to reduce expenses by €4 billion.
The document summarizes CSX's third quarter 2006 earnings presentation. It reports that CSX had record third quarter revenues of $2.4 billion, up 14% from the previous year. Surface transportation operating income increased 31% to $489 million. Comparable earnings per share increased 50% to $0.54, excluding insurance recoveries and tax benefits. CSX also initiated a $500 million share buyback program and expects to deliver over $300 million in free cash flow for 2006. Overall, CSX's core strategies are sustaining solid momentum and financial performance.
Deutsche Bank 2007 Leveraged Finance Conference presentation by Jim Donlon and Mary Lehmann of ArvinMeritor discusses:
1) Weakness in the US truck market due to economic slowdown and credit crunch affecting sales and production volumes.
2) Supply chain challenges in Europe from unexpected surge in demand, requiring premium freight and tight capacity.
3) Outlook for 2008 is lowered from 2007 due to ongoing operational issues and non-recurring charges, but medium-term investment thesis remains intact with cost savings plans and growth in commercial vehicle markets.
CSX reported strong fourth quarter 2006 results, with earnings per share of $0.75 compared to $0.52 in fourth quarter 2005. Surface transportation operating income increased 15% year-over-year to $505 million. Revenue increased 8% driven by an 8% increase in revenue per unit, though volumes were essentially flat. Operations continued to improve, with increases in on-time performance and train velocity and decreases in dwell time. Looking forward, CSX expects continued pricing opportunities and economic growth in 2007-2008, while focusing on further improving safety and service.
This document summarizes a presentation given by Paul Cutler, Treasurer of FPL Group, Inc. and Mike O'Sullivan, Senior Vice President of NextEra Energy Resources at the 2009 Credit Suisse Energy Summit on February 3, 2009. The presentation discusses FPL Group's position as a leading U.S. power company with a focus on clean energy. It highlights the company's strong financial position and credit ratings. It also discusses opportunities for growth in the U.S. wind and solar markets and how FPL Group is well positioned to benefit from policy shifts supporting low-carbon energy development.
This document contains forward-looking statements about Sherwin-Williams' sales, earnings, and other matters that are based on management's current expectations and are subject to risks. It discusses Sherwin-Williams' financial highlights for 2007 including net sales, EBITDA, income, earnings per share, and return on assets. It also provides an overview of the global and U.S. coatings industry, Sherwin-Williams' operating segments, and its strategies for future growth.
Company report reliance broadcast network 17th april 2012Four-S
RBN is rapidly building a strong presence in the Indian media and entertainment industry. Within 6 years, RBN's BIG FM radio network has become the largest private radio network by scale and the second largest by revenues. RBN also has a 5 channel broadcasting portfolio and is entering the profitable phases of its radio and television businesses. RBN's international joint ventures and content production capabilities position it for continued high growth across radio, television, and other segments in the coming years.
Goodrich Corporation's annual report for 2005 highlights its continued growth and strategic focus on balanced growth, leveraging the enterprise, and operational excellence. Sales increased 15% to $5.4 billion for the year, marking the third consecutive year of growth. Strong growth in commercial aerospace markets continued to drive momentum, with new contracts on programs like the Boeing 787 and Airbus A350 expected to contribute significantly to future revenue. Operational improvements also led to increased segment operating margins of 11.5% for 2005.
Conferencesand Non Deal Roadshow October2008Localiza
The document is Localiza Rent a Car's 3Q08 results presentation. It summarizes Localiza's integrated business platform, growth opportunities through GDP growth, market consolidation, and expanding airport and off-airport markets. It highlights Localiza's competitive advantages of scale, distribution network, used car sales expertise, and lower depreciation costs. The presentation shows Localiza growing revenues and market share while maintaining profitability, with 38% revenue growth in 3Q08.
Evan Armstrong from Armstrong & Associates on ‘Examining the State of Third P...eyefortransport
This document provides an overview of the current state of the third-party logistics (3PL) industry. It discusses key trends such as growing global 3PL market revenues driven by factors like offshoring and outsourced manufacturing. The document also summarizes data on the top 3PL providers and North American warehousing 3PLs, and analyzes segments of the US 3PL market in terms of revenues, growth rates, and profit margins.
This document provides an overview of Goodrich Corporation presented at the Morgan Stanley Global Industrials CEOs Unplugged Conference on September 10, 2008. Key points include: Goodrich has a balanced portfolio and business mix with 45% of sales from aftermarket; sales are expected to continue growing due to new aircraft platforms and programs; the large commercial aircraft fleet is growing and provides a major opportunity for aftermarket sales; and Goodrich is well positioned in both commercial and defense markets.
Localiza Rent a Car S.A. operates an integrated business platform in the car rental industry in Brazil with over 39,000 vehicles, 1.6 million clients, and over 2,500 employees. The presentation discusses the company's competitive advantages, growth opportunities from consolidation in the fragmented off-airport market, elasticity to GDP growth, and increasing credit card usage. It also provides a breakdown of the company's revenues and EBITDA by division for 2008, showing the car rental division as the main contributor.
This document contains forward-looking statements from a presentation at the Bear Stearns Global Transportation Conference in May 2006. It summarizes CSX's strategies, performance, and outlook. The strategies are focused on profitable growth, operational discipline, and performance culture. Core strategies are driving revenue growth and improving returns. While the transportation environment remains strong, factors like the economy could still impact CSX's future results. Overall, the strategies are gaining momentum and volume growth is expected to build further.
The document is a notice for the annual meeting of stockholders of Illinois Tool Works Inc. (ITW) to be held on May 2, 2008. The purposes of the meeting are to: 1) elect ten directors for the upcoming year; 2) reapprove the performance factors and award limit under the Executive Incentive Plan; and 3) ratify the appointment of Deloitte & Touche LLP as ITW's independent public accountants. Stockholders of record as of March 4, 2008 are entitled to vote. The board recommends voting for all director nominees and proposals.
This document is an application form for the Erasmus+ 2014 Call for proposals under the Key Action 2
Strategic Partnerships action. The form requests information about the applicant organizations, the project
description and activities, budget, and participating organizations. It guides applicants through sections on
project context and objectives, preparation, implementation, management, dissemination of results, and
includes a summary and budget breakdown. Upon completion, applicants must check eligibility criteria and
provide personal data acknowledgements before final submission.
This document provides instructions for making pulled pork using a meat smoker. It describes the key components of a smoker, recommends using pork shoulder or Boston butt, and details how to season the meat, add wood for smoking, monitor temperature, mop the meat, and know when it is done by checking the internal temperature and ease of pulling the meat. The overall process is described as a low and slow cooking method using smoke to flavor the meat.
Tyoelaman kehittamisstrategia2020 a4_eng_ finland_national working life devel...Mario Verissimo
The document outlines Finland's national working life development strategy to 2020. It discusses challenges facing Finnish working life, including an aging population, technological changes, and the need to improve productivity and participation in the workforce. The strategy's vision is to make working life in Finland the best in Europe by 2020. It identifies four key focus areas: innovation and productivity; trust and cooperation; health and well-being at work; and developing a competent workforce. The strategy was created through broad cooperation led by the Ministry of Employment and the Economy to strengthen Finland's competitiveness and ensure a high quality of working life.
This document is an application form for the Erasmus+ 2014 call for proposals under the Key Action 2 strategic partnerships grant. The form requests information in several sections, including general information about applicant and partner organizations, a description of the proposed project activities and objectives, a budget, and required supporting documents. It informs applicants about the application and selection process and important conditions related to applying for and receiving EU funding.
Gigi reyes public apology and statementraissarobles
Gigi Reyes, chief-of-staff to Senate President Juan Ponce Enrile, issues a public apology for disrespectful comments made about Senator Alan Cayetano in an interview. She resigns from her position due to the ethical breach and differing opinions with Enrile on how to respond to allegations of misused public funds. Reyes provides context around Senate budgets and processes to clarify inaccuracies in the allegations while also expressing disappointment that more Senators did not defend Enrile or the Senate's honor during the controversy.
Our experts help you to understand the lessons learned from over 50 combined years of fraud experiences. Learn how good processes and internal controls can protect not only your organization, but also you as an individual. Obtain some practical tips on how you might prevent fraud in the future. Remember, it is not a question of “IF” fraud will occur in your organization, it is a question of “WHEN”. Are you prepared?
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/webinar-cover-your-assets-asset-protection-trusts-and-the-vital-importance-of-trust-jurisdiction/
Four Four Two is a monthly football magazine published by Haymarket that was first issued in 1994. It targets mainly men aged 15-34 from middle and working classes, with over 94% of readers being male. The magazine uses images related to football like players, managers, and equipment, and features big bold fonts for the title and varied colored medium-sized fonts for subtitles and sections.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2004. Some key points:
- BNSF reported record quarterly earnings of $0.91 per share for Q4 2004, up 49% from $0.61 per share in Q4 2003. Revenues also reached a record at $2.92 billion for the quarter.
- Freight revenues increased 19% year-over-year for Q4 driven by double-digit growth across all four business groups.
- Operating expenses grew 15% for the quarter due to a 10% increase in volumes and higher fuel prices.
- The operating ratio improved to 77.1% for Q4
This document discusses why the author likes a photo of a black panther due to its darkness and mysterious quality, as well as a monochrome photo that looks good. The author also likes the photo because it features Arsenal player Alexis Sanchez and the author enjoys portraits.
This document provides an advanced draft of a guidance handbook on financing Natura 2000 sites for the 2014-2020 period. It was commissioned by the European Commission DG Environment and drafted by the Institute for European Environmental Policy, WWF, and ICF GHK. The draft handbook aims to strengthen uptake of EU funds for Natura 2000 by providing guidance on financing opportunities and innovative financing mechanisms. It includes descriptions of relevant EU funds, opportunities for investing in Natura 2000 under each fund, and case studies on past Natura 2000 financing. The document is not yet finalized and will be updated based on adopted EU regulations.
Ofrendas en Mexico, altares construidos para conmemorar el dia de todos los santos en la ciudad de puebla, en casa de cultura y el bachillerato Profra. Rosario Graciela Hidalgo Moreno
Weyerhaeuser Analyst Meeting DC – Day 1 (Economic Overview)finance15
This document provides an agenda and background materials for an analyst seminar being held by Weyerhaeuser Real Estate Company (WRECO) in May 2005. The agenda covers an overview of WRECO, its homebuilding operations, land and land development, construction practices and trends, and a case study. Background slides provide financial performance details on WRECO, its competitive advantages in the homebuilding industry, land pipeline, safety record, and subsidiary Weyerhaeuser Realty Investors.
The transcript summarizes Nike's Q4 fiscal year 2008 earnings call. Key details include:
- Nike reported 16% revenue growth in Q4 and 14% growth for the full fiscal year.
- Global futures orders increased 11% for the 30th consecutive quarter of growth.
- The Nike brand grew revenues globally, with particular strength in China, which surpassed $1 billion in annual revenue.
- Nike's portfolio brands also saw strong growth, with Converse revenues exceeding $2 billion on a wholesale equivalent basis.
- While investments in brands like Umbro will dilute short-term earnings, long-term growth is expected.
The document summarizes Lear Corporation's presentation at the 2006 Paris Auto Show JPMorgan Investor Conference. It discusses Lear's strategic evolution from an automotive seat manufacturer to an interior systems supplier. It also reviews Lear's financial performance, global competitiveness improvements through restructuring initiatives, new product innovations, and customer awards. Major launches for the second half of 2006 and 2007 are highlighted for North America, Europe, and Asia.
This document provides an overview and agenda for Lear Corporation's presentation at the 2006 Morgan Stanley Global Automotive Conference. The presentation will cover Lear's company overview, product strategies and operating priorities, and financial update. Lear aims to focus its product lines and improve global competitiveness. It seeks to strengthen its leadership in seating and grow its electrical and electronic products while exploring strategic options for its interior business. Lear works to improve quality, diversify its customer base, and lower costs through restructuring and expanding its global low-cost footprint.
Lear Corporation has grown rapidly over the past decade through strategic acquisitions and operational excellence. It is now a global leader in automotive seating and electrical systems. Looking forward, Lear aims to further diversify its business across regions and customers while repositioning its business in North America for improved long-term profitability. Near-term financial results have been negatively impacted by lower vehicle production and rising material costs, but Lear has a strong sales backlog that positions it for continued growth.
The annual shareholder meeting agenda included presentations on Lear's profile and strategic evolution, product line strategies and operating priorities, and financial review and outlook. Lear is a global automotive supplier serving major automakers worldwide. It has undergone a strategic evolution from a seat manufacturer to a systems integrator and provider of total interior capabilities. In recent years, Lear has focused on growing its business in Asia and with Asian customers through new programs, facilities, and joint ventures. It is also working to improve the profitability of its interiors business and achieve a competitive cost structure through restructuring actions.
Lear Corporation held its annual meeting of stockholders on May 8, 2008. The agenda included presentations on major 2007 accomplishments, 2007 financial results and 2008 outlook, and corporate strategy and summary. For 2007 accomplishments, Lear highlighted significant restructuring progress, improved financial results and balance sheet strengthening, divesting its North American Interior business, and maintaining quality and innovation momentum. Lear's 2008 outlook projected net sales of approximately $15.5 billion and core operating earnings between $660-700 million, despite a forecasted 6% decline in North American auto production for the year. Lear's strategy focuses on leveraging its global scale and diversification to strengthen performance.
This document provides an agenda and overview for Lear Corporation's annual industrial conference. The 3-sentence summary is:
Lear Corporation hosted its 22nd Annual Industrial Select Conference to provide an overview of the company's strategic direction, industry trends in automotive interiors, and its approach to creating shareholder value. The presentation highlighted Lear's focus on customer satisfaction, growth in Asia, leveraging its scale and expertise, and maintaining a balanced approach to investing in the business and returning cash to shareholders. Attendees also received an update on Lear's financial position and backlog of new business to support continued profitable growth.
This document contains the agenda and presentation slides for Lear Corporation's 2005 Detroit Auto Conference. Some key points:
1) Lear provides an overview of its global business and strategy, noting challenging business conditions but a focus on profitable growth.
2) Financial highlights include a $3.8 billion three-year sales backlog and a solid 2005 financial outlook with an increased dividend.
3) The operating review discusses mitigating higher raw material costs, quality improvements, new investments, and major 2005 product launches.
4) Financial guidance for 2005 assumes slightly higher North American but stable European vehicle production volumes.
This document summarizes a presentation given by Auto Analysts of New York at the 2006 Detroit Auto Show Conference on January 12, 2006. The presentation covers business conditions, the 2006 outlook, and sales backlog updates. It notes that global business conditions remain challenging, but that Lear's 2006 financial outlook is expected to improve, with earnings growth and positive free cash flow. Lear also has a strong three-year sales backlog of $3 billion to support growth, despite challenges in the interior product segment.
The document provides an overview of Lear Corporation's fourth-quarter and full-year 2008 financial results and sales backlog update. Some key points:
- Global automotive production declined sharply in 2008 due to the economic downturn, with North American production down 26% in Q4.
- Lear reported $2.6 billion in Q4 sales and $13.6 billion for full-year 2008. Q4 core operating earnings were $22 million and full-year were $418 million.
- Lear's sales backlog for 2009-2011 was $1.1 billion, representing continued diversification outside of North America.
- Aggressive restructuring actions have improved Lear's
air products & chemicals 5 December 2007 Citi Basic Materialsfinance26
Paul Huck presented on Air Products' performance and outlook. Some key points:
1) Air Products has achieved four consecutive years of double-digit sales and earnings growth.
2) The company aims to continue delivering double-digit growth through large projects coming online, expansion in new geographies and markets, and cost reduction efforts.
3) Air Products is targeting 10-15% annual EPS growth and achieving returns well above its cost of capital through margin improvement and productivity initiatives.
Chip McClure, Chairman and CEO of ArvinMeritor, provided an overview of the company's performance and goals. Key points included:
1) The company met its 2005 goals around sales, EPS, operating income and free cash flow.
2) Medium-term goals include achieving a 1/3-1/3-1/3 regional sales mix and tripling sales and the aftermarket business in Asia.
3) Challenges include the 2007 downturn in the North American Class 8 truck market and pricing pressures, while opportunities exist in growing markets like Asia.
This document summarizes Chip McClure's presentation at ArvinMeritor's 2006 Analyst Day. It provides an overview of the company's commitments, goals, and delivery over the past year. It also discusses challenges like the North American truck downturn and opportunities in Asia. Medium-term goals are outlined to achieve a balanced regional mix and triple the Asia and aftermarket businesses. A new leadership team is introduced to help reshape the future, and the Performance Plus program is summarized to focus on operational excellence.
The document is an agenda for the AANY Detroit Automotive Conference on January 8, 2004. It includes a strategic overview presentation by the Chairman and CEO of Lear Corporation, as well as presentations on industry challenges, Lear's sales backlog and 2004 financial guidance. Lear is a leading automotive interior supplier focused on profitable growth. It has a large sales backlog supporting continued growth and its 2004 outlook forecasts record sales and earnings. Lear is well positioned despite challenges in the automotive industry through its customer-focused strategy and flexible cost structure.
1) Jim Kelly, President of Cummins Engine Business, presents on Cummins' performance and future opportunities at a JP Morgan conference.
2) Cummins has doubled revenue over 5 years, generated high profits, improved debt levels, and actively repurchased shares.
3) The company is executing on strategic principles like pursuing complementary businesses and profitable growth through new platforms, markets, and products.
1) Jim Kelly, President of Cummins Engine Business, presents at the JPMorgan Basics & Industrials Conference on June 12, 2007. He discusses Cummins' financial performance, growth strategies, and outlook.
2) Cummins has doubled revenue in 5 years, generated high profits, improved its balance sheet significantly, and outperformed its peer group. It is executing on strategic principles to drive continued profitable growth.
3) Cummins is well-positioned for future performance due to its technology leadership, customer relationships, investments in new opportunities, and global diversification across business segments and markets.
The document is the agenda and slides from Lear Corporation's second quarter 2004 earnings review presentation.
The presentation discusses Lear's strategy of expanding in Asia and with Asian automakers, highlights their growing presence and sales in Asia, and notes that Asian sales have doubled from 2002 to 2004.
It also reviews Lear's solid second quarter financial results and quality improvements, new business wins including a seat contract with Mazda, and product launches scheduled for the second half of 2004.
The presentation provides guidance that Lear's European sales growth will moderate in 2005 while its North American sales are expected to improve that year based on new business backlog.
Lear Corporation reported first quarter 2005 results with net sales down 5% to $4.3 billion due to a decline in key platform volumes. Net income was $15.6 million including a one-time tax benefit. The company provided second quarter and full year 2005 guidance with net sales expected to increase but net income per share in the range of $2.75-$3.25 due to adverse platform mix and commodity costs. Lear will focus on cost improvements, launching new programs, and evaluating its global business to improve long-term profitability.
Localiza Rent a Car S.A. held a public meeting to discuss the company's performance in 2Q06 and outlook. Key points include:
1) The car rental market saw strong growth, with Localiza's car rental business volume increasing 43.3% and fleet rental increasing 33.7%.
2) Localiza achieved a 63.7% increase in car rental EBITDA and 44.5% increase in fleet rental EBITDA, excluding used cars.
3) The company is well positioned for future growth, with competitive advantages from scale, brand strength, and an integrated business platform. Localiza will focus on organic growth and consolidation opportunities to increase business volume.
The document is the transcript from Cummins Inc.'s third quarter 2008 earnings teleconference call. It provides an overview of Cummins' financial performance in Q3 2008, including revenue growth of 12% and EBIT margin of 10.3%. Segment results are also summarized, with the Engine segment seeing 6% revenue growth and the Power Generation segment seeing 14% revenue growth. Guidance for full year 2008 is also provided, with revenue growth expected at 12% and EBIT margin of 10%.
The document is the transcript from Cummins Inc.'s third quarter 2008 earnings teleconference call. It provides an overview of Cummins' financial performance in Q3 2008, including revenue growth of 12% and EBIT margin of 10.3%. Segment results are also summarized, with the Engine segment seeing 6% revenue growth and the Power Generation segment seeing 14% revenue growth. Guidance for full year 2008 is also provided, with revenue growth expected at 12% and EBIT margin of 10%.
This document provides consolidated financial highlights for Burlington Northern Santa Fe Corporation for the years 1991-1995. Some key points:
- Revenues grew from $4.559 billion in 1991 to $6.183 billion in 1995. Operating income improved from a loss of $239 million in 1991 to income of $526 million in 1995, excluding unusual merger-related charges.
- Net income was $92 million in 1995 but would have been $416 million without accounting changes and debt retirement costs related to the merger.
- Capital expenditures were $1.042 billion in 1995 and are planned to be nearly $1.7 billion in 1996 to support revenue growth and cost reduction initiatives.
This document summarizes the financial performance of Burlington Northern Santa Fe Corporation for the years 1992-1996. It reports that in 1996:
- Operating income increased 14% to $1.75 billion compared to 1995 on a comparable basis.
- Revenues reached $8.19 billion despite a drop in agricultural commodities revenues.
- Operating expenses were $178 million below 1995 levels, lowering the operating ratio to 78.6%.
- Net income grew 21% to $889 million, or $5.70 per share, compared to $733 million in 1995.
This annual report summarizes Burlington Northern Santa Fe Corporation's financial and operational performance in 1998. Some key highlights include:
- Revenues reached a record $8.94 billion, a 6.8% increase over 1997.
- Adjusted operating income grew 16% to a record $2.16 billion.
- Adjusted net income exceeded $1.12 billion, a 19% improvement over 1997.
- The operating ratio improved to 75.9%, nearly 2 points better than 1997's adjusted ratio.
- Safety continued to improve, with reductions in reportable injuries and rail accidents.
Burlington Northern Santa Fe Corporation's 1999 Annual Report summarizes the company's performance in 1999 and compares it to 1994, the year before the BNSF merger. Key points:
1) BNSF achieved record results in safety, customer service, efficiency and financial performance in 1999 compared to 1994.
2) Safety metrics like lost workdays and injuries dropped significantly. Customer service improved with 91% on-time performance. Operating expenses per ton-mile dropped 20-25%.
3) Financial results were also much stronger, with operating income reaching a record $2.24 billion, up 14% annually from 1994. The operating ratio improved 9 points to 75.4%.
Burlington Northern Santa Fe Corporation's 2000 Annual Report summarizes the company's performance for the year. Key points include:
- Revenues grew to $9.2 billion while operating expenses only increased 1% despite a $230 million rise in fuel costs.
- Intermodal revenues increased 6% to a record level while safety and efficiency improvements were made.
- However, weak coal demand, high fuel prices, and a slow US economy impacted results for the year.
- Over the past five years since the Burlington Northern and Santa Fe merger, significant progress has been made in safety, service, efficiency and financials.
This document is the 2001 Annual Report to Shareholders for Burlington Northern Santa Fe Corporation. It contains the following key information:
1) The CEO discusses BNSF's progress on its strategic priorities of People, Growth, Ease of Doing Business, Service, and Efficiency in 2001, noting challenges from the economic slowdown but some record achievements.
2) Safety improvements were made but injuries remained level, while discussions progressed with unions on safety agreements.
3) Revenues were flat in 2001 due to economic conditions, but some business lines like Mexico grew, and new customers and services helped capture additional market share.
4) Financial results disappointed expectations for revenue and operating ratio goals, though costs
BNSF is a major railroad network in the United States that transports a variety of goods. In 2003, BNSF saw revenue growth of 5% driven by strong intermodal growth, though on-time performance fell short of goals. Safety performance reached record levels with injury rates down significantly. Looking forward, BNSF aims to continue revenue growth through initiatives like expanding intermodal capacity and pursuing market-based pricing across all business lines.
Burlington Northern Santa Fe Corporation reported earnings of $0.36 per diluted share for the first quarter of 2001, compared to $0.55 per diluted share for the same period in 2000. Freight revenues were $2.26 billion, up slightly due to a 4% increase in ton-miles. Operating expenses increased 7% to $1.87 billion due to higher fuel costs, severe winter weather, and increased energy costs. The operating ratio was 81.5% compared to 77.3% in 2000. Revenue from agricultural commodities increased 11% while industrial revenues declined 3% and coal revenues declined 1% compared to the first quarter of 2000.
The document is Burlington Northern Santa Fe Corporation's 2nd Quarter 2001 Investors' Report. It summarizes that:
1) Earnings were $0.50 per diluted share compared to $0.53 per diluted share in the same period last year, with revenues remaining even despite 2% higher ton-miles.
2) Operating expenses were $65 million higher due to factors like flooding in the Midwest and higher fuel costs.
3) Operating income decreased to $428 million from $483 million last year, and the operating ratio increased to 80.9% from 78.4% last year.
The document is Burlington Northern Santa Fe Corporation's third quarter 2001 investors' report. Key points:
- Earnings per share were $0.58 compared to $0.64 in third quarter 2000. Freight revenues were $2.31 billion, even with last year.
- Operating expenses were higher by $69 million due to increased compensation, benefits, and fuel costs. Operating income was $502 million versus $571 million in 2000.
- 4.1 million shares were repurchased in the quarter, bringing the total under the buyback program to 101.1 million shares.
- The report provides financial statements and statistics on revenues, expenses, operations, and capital expenditures for
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2001. It includes key financial information such as earnings results for Q4 and full year 2001, operating revenues and expenses, balance sheet information, and cash flow information. Specifically, it notes that Q4 2001 earnings were $0.46 per share including workforce reduction costs, or $0.57 per share excluding those costs. For the full year, earnings were $1.87 per share including unusual items, or $2.08 per share excluding unusual items. It also highlights free cash flow of $443 million for the full year, up 3% from 2000.
1. Burlington Northern Santa Fe reported first quarter 2002 earnings of $0.45 per share, up from $0.34 per share in first quarter 2001, which included non-recurring losses.
2. Freight revenues decreased 6% to $2.14 billion due to softer demand across all major product sectors and mild winter weather reducing coal shipments.
3. Operating expenses decreased 4% to $1.8 billion due to reductions in fuel costs, compensation, and equipment rents, partially offsetting the revenue decline.
Burlington Northern Santa Fe reported earnings of $0.51 per share for Q2 2002, up slightly from $0.50 per share in Q2 2001. Freight revenues were $2.18 billion, down 3% from the previous year, with declines in coal, agricultural products, and industrial products offsetting growth in consumer products. Operating expenses decreased 2% despite lower fuel prices, helping maintain the operating ratio at 81.4%. The company also repurchased 4.2 million shares during the quarter.
The document is Burlington Northern Santa Fe Corporation's third quarter 2002 investors' report. It includes:
- BNSF reported earnings of $0.51 per share for Q3 2002, even with adjusted earnings of $0.56 per share for the same period in 2001.
- Freight revenues were $2.28 billion for Q3 2002, even with adjusted revenues of $2.28 billion for Q3 2001.
- Operating income decreased to $421 million for Q3 2002 compared to adjusted operating income of $470 million for Q3 2001, with the operating ratio increasing to 81.6% from 79.4%.
This document provides an annual investors' report for Burlington Northern Santa Fe Corporation for 2002. It includes:
1) Key financial highlights for Q4 2002 including $0.54 earnings per share, $2.27 billion in freight revenues, and $436 million in operating income.
2) Annual 2002 results including $2.00 earnings per share, $8.87 billion in freight revenues, and $1.66 billion in operating income.
3) Details of common stock repurchases totaling approximately 116 million shares under their repurchase program.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
2. Agenda
“This is Lear” Video
Strategic and Financial Review
Dave Wajsgras, SVP & CFO
Americas Operating Review
Doug DelGrosso, President & COO – Americas
International Operating Review
Don Stebbins, President & COO – International
2
4. Strategic Evolution
Going Forward Profitably Grow the Business
Operational Excellence;
1999-2003
Reduce Debt
Seat Systems to
1994-1999
Total Interior Capability
Seat Components
1990-1994
to Seat Systems
4
5. Lear’s Strategy has Supported Rapid Growth
Net Sales
(in billions)
$17.0
$18.0
me
Inco
Net
$16.0
2%
GR 2
CA SALES
$14.0
CAGR
$12.0
18%
$10.0
$8.0
$6.0
$3.1
$4.0
$2.0
$0.0
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
Steadily increased net sales over the last ten years to $17 billion in 2004
Transformed from a seat assembly operation to one of the world’s largest
automotive interior systems suppliers
Ranked #127 in the Fortune 500
5
6. At the Same Time,
We have Diversified Our Product Mix
2004
1994
Seats and Seating Seating
Components 67%
100%
Interior
Electronic / Electrical
17%
16%
6
7. And Our Geographic Mix
1994 2004
Europe
Europe
17%
39%
Rest of World
North America North America
6%
83% 55%
7
8. And Diversified Our Customer Mix
1994 2004
Extended Ford & GM-
Saab, Volvo,
Classic Ford & GM* Jaguar and Land Rover
46% 10%
Classic Ford & GM*
75% DaimlerChrysler
BMW
PSA
All Other Fiat
VW
25% All Other Mazda
Other Asian
Renault-Nissan
* Includes Opel
8
9. Financial Highlights
Last Few Years
Solid revenue growth was driven by strong sales backlog
Increased net income per share
Global cost efficiency actions implemented
Debt was reduced, overall financial position strong
2005*
Three key factors impacting near-term results -- adverse
platform mix, lower industry volume and high raw material
and energy prices
Financial outlook improving the balance of this year and
into 2006
* Please see slide titled “Forward-Looking Statements” at the end of this presentation for further information.
9
10. Platform Mix has Adverse Impact in 2005
First Quarter Production: 2005 Compared With 2004
Europe Production
North America Production
2%
(3%)
(4%)
(9%)
(11%) (11%)
Big
Overall
Overall Lear’s Top 15
Big Lear’s Top 15
Three
Industry
Industry Platforms
Three Platforms
Trucks
10
11. Mitigation Actions
to Help Offset Commodity Movements
Key Commodities Action Plan
• Factor into customer productivity negotiations
Steel • Lear’s Cost Technology Optimization process
• Supply base compression
Resins • Re-sourcing – develop new sources of supply
• In-sourcing – fill open capacity where
Chemicals appropriate
• Low-cost country sourcing and engineering
Energy • Supplier Lean Manufacturing and Six Sigma
Continuing To Work With Customers And Supply Base
11
12. Long-Term Outlook
Remains Positive for Lear*
Near-term financial results severely depressed reflecting
transitional volume and cost factors; expected to improve in
second half of 2005 and going forward
Strong three-year sales backlog of $3.8 billion is up 25%
from last year’s three-year backlog
Platform mix to improve in 2006 with full-year benefit of
major 2005 launches and introduction of GMT900
Strong and flexible overall financial position
* Please see slide titled “Forward-Looking Statements” at the end of this presentation for further information.
12
14. Americas
U.S. and Canada
28,000 Employees
85 Locations
14
15. Americas
Mexico and Honduras
34,000 Employees
36 Locations
15
16. Lear’s Importance in Mexico
Maquiladora Company
#1 Petroleos Mexicanos
Delphi
#2 Wal Mart de Mexico
Lear
#3 FEMSA
General Electric #4 Comision Federal de Electricidad
#5 Grupo Carso
Yazaki North America
Alcoa Fujikura Ltd.
#16 Lear
Lear Ranks # 16 Among
Lear Ranks # 2 Among
All Companies In Mexico
Maquiladoras In Mexico
16
18. Americas
South America
2,000 Employees
3 Countries / 9 Locations
18
19. North America
Challenges Strengths
Industry production Customer focus
volume
Solid fundamentals
Platform mix
Dedicated team
High raw material costs
Leadership position in
Ever increasing customer total interiors
requirements
19
20. Major North American Launches
Buick Lucerne
Cadillac DTS
Total Interior Integrator,
Total Interior Integrator,
Electrical Distribution
Electrical Distribution
SOP: 4Q 2005
SOP: 3Q 2005
Chevy Impala / Chevy Monte Carlo
Hyundai Sonata
Seats
Seats, Wire Harness
SOP: 2Q / 3Q 2005
SOP: 1Q 2005
20 Note: Products in red are produced in Mexico/Honduras.
21. Major North American Launches
Chevy HHR Ford Fusion / Milan / Zephyr
Cockpit, Flooring & Acoustics Seats
SOP: 2Q 2005 SOP: 3Q 2005
Ford Explorer / Mountaineer
Dodge Ram Truck
Seats, Doors, Electrical Distribution
Seats, Doors, Instrument Panel,
SOP: 3Q 2005
Overhead Systems
SOP: 3Q 2005
21 Note: Products in red are produced in Mexico/Honduras.
22. Americas – 2005 Strategy
Improve quality and customer service
Reduce costs – get leaner
Support flawless launches
Identify new growth opportunities
Serve as a catalyst for our customer’s success
22
24. Europe / Africa
20 Countries
37,000 Employees
103 Locations
24
25. Overall in Europe,
We have Grown Sales and Steadily Improved Margins
Europe CPV European Financials
Growing sales and
$351
improving margins
$310
Positive cash flow
$247
Expanding our low-cost
manufacturing and sourcing
in Eastern Europe and
Northern Africa
2002 2003 2004
3rd Consecutive Year Of Improving Financials
25
26. Asia
7 Countries
9,000 Employees
38 Locations
26
27. Asia Footprint
Major presence in China, India, Korea, Japan,
Thailand and the Philippines
Significant infrastructure in place
7 engineering centers in the region
Establishing relationships and growth through joint
ventures
12 joint ventures in China
27
28. Continuing to Diversify Our Customer Mix
Non-Traditional Big Three* Recent Customer Diversification
VW/Audi
- Seats and electronics in Europe
- Audi A6: seats in China
46%
Hyundai
- Sonata: seats & wire harness award in NA
- Several electronics awards (TPMS) in NA
- Tucson: seats in Korea
- Tucson/Sonata: seats in China
19%
Nissan
- Global seating with JV partner, Tachi-S
- Electrical distribution program in Europe
Toyota
- Tundra: interior trim award in NA
2004
1994 - Aygo: seats (Toyota/PSA JV) in Europe
* Excludes affiliates of GM (other than Opel), Ford and DaimlerChrysler.
28
29. We are Rapidly Growing Our Business
in Asia and with Asian Automakers Globally*
(in millions)
$1,800
$1,250
$850
2002 2003 2004 Future
Lear’s Asian Sales More Than Doubled From 2002 To 2004;
Solid Growth Expected To Continue
* Consolidated and unconsolidated sales. Please see slide titled “Forward-Looking Statements”
at the end of this presentation for further information.
29
30. Major International Launches
Audi A6 - China
Seats
BMW 3 Series
SOP: 1Q 2005
Seats, Electronics
SOP: 1Q 2005
Nissan Serena Peugeot 407 Coupe
Electrical Distribution Seats
SOP: 2Q 2005 SOP: 2Q 2005
30
31. International – 2005 Strategy
Continue quality and customer service focus
Execute growth priorities and ensure appropriate
program profitability
Implement strategic footprint plan, including the
expansion of low-cost opportunities
Finalize terminal and connectors business
integration
Utilize advance sales team and technology board
31
32. Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding anticipated financial results. Actual results may differ materially from anticipated results
as a result of certain risks and uncertainties, including but not limited to, general economic conditions in the markets in which
the Company operates, fluctuations in the production of vehicles for which the Company is a supplier, labor disputes involving
the Company or its significant customers or suppliers or that otherwise affect the Company, the Company’s ability to achieve
cost reductions that offset or exceed customer-mandated selling price reductions, the outcome of customer productivity
negotiations, the impact and timing of program launch costs, the costs and timing of facility closures, business realignment or
similar actions, increases in the Company’s warranty or product liability costs, risks associated with conducting business in
foreign countries, competitive conditions impacting the Company’s key customers, raw material cost and availability, the
Company’s ability to mitigate the significant impact of recent increases in raw material, energy and commodity prices, the
outcome of legal or regulatory proceedings to which the Company is or may become a party, unanticipated changes in free
cash flow and other risks described from time to time in the Company’s Securities and Exchange Commission filings.
This presentation also contains information on the Company’s sales backlog. The Company’s incremental sales backlog
reflects: anticipated net sales from awarded new programs, less net sales from phased-out and cancelled programs. The
calculation of backlog does not reflect customer price reductions on existing or newly-awarded programs. The three-year
backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new and
replacement programs, foreign exchange rates and the timing of program launches.
In addition, the full-year 2005 per share earnings guidance is based on an assumed 73 million shares outstanding, including 4.8
million shares related to the outstanding contingently convertible debt.
The forward-looking statements in this presentation are made as of the date hereof, and the Company does not assume any
obligation to update them.
32