The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that industry downturn persists with high inventory and low buyer demand. Pulte is focusing on short-term tactics like reducing land and home inventory, lowering costs, and generating cash flow. Its long-term strategies center around financial discipline, product segmentation including active adult communities, and maintaining quality and customer satisfaction. While the current environment remains challenging, Pulte believes long-term drivers like US population and immigration growth remain positive.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that (1) excess inventory and low buyer demand continue to plague the industry, (2) Pulte is focusing on generating cash, reducing inventory and costs, and maintaining financial discipline to weather the downturn, and (3) Pulte's long-term strategic focus on product segmentation, quality, and operational excellence positions it for future growth as the industry recovers and long-term demographic trends remain positive.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
Fortune Minerals Ltd. September 2012 Investor PresentationCompany Spotlight
Fortune Minerals Limited is an emerging strategic metal and coal producer with two late-stage projects - the NICO gold-cobalt-bismuth-copper project and the Arctos anthracite project. The Arctos project is one of the largest and most advanced Canadian anthracite coal development projects, with over $90 million spent and a joint venture with POSCO, one of the world's largest steel producers. It has significant measured, indicated, and inferred coal resources as well as proven and probable reserves. Global demand for metallurgical coal is expected to significantly outpace supply growth over the next decade.
- Cummins has doubled revenue over the past 5 years and achieved the highest 3-year period of net earnings as a percent of sales in over 40 years.
- The company has diversified globally and by end markets to reduce cyclicality, aggressively pursued low cost leadership, and built greater earnings stability.
- Cummins is investing in new engine platforms and technologies to capitalize on growth opportunities from evolving global emission standards.
This document is Lowe's annual report for 2001. It discusses how Lowe's had a successful fiscal year, opening 115 new stores and achieving 17.7% sales growth and 26.3% earnings growth. Lowe's balanced performance was driven by increases in both customer traffic and average ticket size, along with improved product selection, customer service and store organization. The report highlights Lowe's continued focus on expanding into major metropolitan markets, with plans to open 123 new stores in 2002, 65% of which will be in metropolitan areas.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that (1) excess inventory and low buyer demand continue to plague the industry, (2) Pulte is focusing on generating cash, reducing inventory and costs, and maintaining financial discipline to weather the downturn, and (3) Pulte's long-term strategic focus on product segmentation, quality, and operational excellence positions it for future growth as the industry recovers and long-term demographic trends remain positive.
Robert G. Bohn, Chairman, President and CEO of Oshkosh Truck Corporation, and Charles L. Szews, Executive VP and CFO, reported record financial results for the first quarter of fiscal year 2006. Sales increased 22.5% to $790.3 million and operating income grew 28.6% to $87 million. EPS increased 28.6% to $0.72. For fiscal year 2006, the company estimates sales between $3.3-3.4 billion, operating income between $316.5-329 million, and EPS between $2.55-2.65, representing growth of 17-21.6%.
1) Oshkosh reported record second quarter fiscal year 2006 results with sales up 25.6% and operating income up 27.3% driven by strong performance in the defense segment.
2) The defense segment results nearly doubled compared to the previous year due to growth in remanufactured and new truck sales, however challenges remain in locating used vehicle carcasses for remanufacturing.
3) The fire and emergency segment saw a temporary dip in earnings as anticipated due to heavily weighted airport product sales in the second half of the year and two component issues that delayed revenue recognition.
Robert Bohn, Chairman of Oshkosh Truck Corporation, discussed the company's strong fiscal 2006 financial results and outlook for fiscal 2007. Key points include:
1) Fiscal 2006 sales increased 15.8% and operating income grew 22%, with EPS up 26.6%.
2) The acquisition of JLG Industries was announced, which will diversify the company and support growth of over 15%.
3) Fiscal 2007 stand-alone estimates include sales of $3.65-$3.75 billion and EPS of $3.05-$3.15, with the JLG acquisition expected to be modestly accretive.
Fortune Minerals Ltd. September 2012 Investor PresentationCompany Spotlight
Fortune Minerals Limited is an emerging strategic metal and coal producer with two late-stage projects - the NICO gold-cobalt-bismuth-copper project and the Arctos anthracite project. The Arctos project is one of the largest and most advanced Canadian anthracite coal development projects, with over $90 million spent and a joint venture with POSCO, one of the world's largest steel producers. It has significant measured, indicated, and inferred coal resources as well as proven and probable reserves. Global demand for metallurgical coal is expected to significantly outpace supply growth over the next decade.
- Cummins has doubled revenue over the past 5 years and achieved the highest 3-year period of net earnings as a percent of sales in over 40 years.
- The company has diversified globally and by end markets to reduce cyclicality, aggressively pursued low cost leadership, and built greater earnings stability.
- Cummins is investing in new engine platforms and technologies to capitalize on growth opportunities from evolving global emission standards.
This document is Lowe's annual report for 2001. It discusses how Lowe's had a successful fiscal year, opening 115 new stores and achieving 17.7% sales growth and 26.3% earnings growth. Lowe's balanced performance was driven by increases in both customer traffic and average ticket size, along with improved product selection, customer service and store organization. The report highlights Lowe's continued focus on expanding into major metropolitan markets, with plans to open 123 new stores in 2002, 65% of which will be in metropolitan areas.
This document summarizes an earnings conference call for Oshkosh Truck Corporation for the second quarter of fiscal year 2007. Sales increased 96.6% to $1.66 billion and operating income grew 69.1% to $134.8 million. For fiscal year 2007, the company estimates sales of $6.1-6.2 billion and operating income of $568-580 million. It also provides segment-level results and highlights for access equipment, defense, fire & emergency, and commercial.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Arctos anthracite coal project in BC. The Arctos project is the largest and most advanced Canadian project for high rank anthracite coal, which is the highest quality metallurgical coal with diverse applications and insufficient global supply to meet forecast demand increases. Fortune Minerals is advancing both projects towards production based on positive feasibility studies.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in BC. The Mount Klappan project is the largest and most advanced Canadian project for high quality anthracite coal, which is the highest quality metallurgical coal used in steelmaking and other industrial applications. There is projected to be significant future growth in global demand for metallurgical coals but insufficient supply, representing an opportunity for the Mount Klappan project to enter production.
The document discusses the gold market and Barrick Gold Corporation's strategy. It provides an overview of gold supply and demand trends, the relationship between gold prices and the US dollar, growth in gold investment demand, reductions in producer hedging, and central banks accumulating gold reserves. It also outlines Barrick's plans to eliminate its hedge book, divest non-core assets, focus on reserve growth through acquisitions, improve operating performance, start up new projects, and resolve the divestiture of its Batu Hijau mine in Indonesia.
The document summarizes SEB's competitive position and performance in Q2 2009. Key points include:
- SEB maintained strong income generation and cost control in Q2 despite market turbulence.
- Asset quality remained stable outside the Baltic region, while provisions continued to build reserves for Baltic challenges.
- SEB has a well-diversified Nordic-focused credit portfolio and limited exposure to riskier sectors.
- The economies of Sweden and the Baltics are stabilizing and expected to recover in 2010-2011.
The document summarizes luxury home sales data and real estate broker market shares for Bainbridge Island, Whidbey Island, and the San Juan Islands from 2010 to 2012. It shows that 97 homes over $1 million sold on Bainbridge Island, compared to 40 on Whidbey Island and 37 in the San Juans. For south and central Whidbey, Windermere brokers had the largest market share of total luxury home sales and listings over $1 million.
The document summarizes a presentation for Fortune Minerals Limited, a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. It provides an overview of the Arctos project, which involves developing one of the world's largest deposits of high-quality anthracite coal via an open-pit mine with on-site processing facilities and a railway to transport coal to the deep water port of Prince Rupert. A definitive feasibility study update in October 2012 confirmed the technical and economic viability of the project.
Kingston's housing market is expected to moderate in the next two years with existing home sales and price growth returning to more sustainable levels aligned with historical norms. Total housing starts are projected to gradually decline to a level consistent with slower household formation. Employment growth is expected to remain positive but slow, while mortgage rates are anticipated to increase near the end of 2012 but remain low by historical standards.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project involves developing one of the world's largest deposits of high-quality anthracite coal via open pit mining and infrastructure including a railway to the Port of Prince Rupert. A definitive feasibility study update in October 2012 showed robust project economics.
Fiserv has experienced strong growth over its 20 year history, with revenues increasing at a 24% compounded annual rate and earnings per share growing at 21%. The company focuses on organic revenue growth through expanding existing client relationships and adding new clients by providing integrated solutions and value-added services. Fiserv's transaction processing expertise positions it well to capitalize on emerging trends in financial services and health plan management. The company's integration initiative aims to tightly integrate its technology platforms to better serve clients and drive organic growth.
Fairborne Energy Ltd. is an oil and gas company focused on development in the Deep Basin of Alberta. It recently divested its dry natural gas assets and is now focused solely on liquids-rich opportunities. The company has over 200 net sections of land in the Harlech area, which is prospective for multiple zones including the Cardium and Wilrich formations. Fairborne aims to utilize its high-quality asset base and technical expertise to deliver strong production and netback levels in the current gas price environment.
This document summarizes Citigroup's presentation on housing market trends, challenges in the financial industry, and Regions Bank's strategies to mitigate risks. It shows declining home sales and rising median home prices. Regions has avoided risky mortgages and investments. It focuses on commercial and consumer real estate loans, especially loans to homebuilders, condominiums, and home equity which require active management due to market conditions.
This document is GameStop's 2007 annual report which summarizes the company's strong financial and operational performance for the fiscal year. Some key highlights include revenue growth of 33% to $7.1 billion, net earnings growth of 82% to $288 million, aggressive worldwide store expansion adding 586 new stores, and stock price appreciation of 125% for the year. The report expresses optimism about continued growth in 2008 driven by new video game titles, expanding the customer base, and further worldwide store expansion.
This document summarizes a presentation given by Mark Mulhern, Senior Vice President and CFO of Progress Energy, at a Power & Gas Leaders Conference on September 24, 2008. The presentation discusses Progress Energy's strategy of securing its energy future through significant rate base growth, nuclear expansion projects, and maintaining a supportive regulatory environment. It provides an overview of Progress Energy's utilities in North Carolina and Florida, outlines major capital investment projects, and reviews the company's financial position and objectives to achieve steady earnings growth.
Tenet reported third quarter net income of $104 million, including gains of $140 million from investment sales. Same-hospital adjusted EBITDA declined 2.4% to $160 million due to higher bad debt and an unfavorable revenue mix. Tenet achieved its fourth consecutive quarter of admissions growth at 1.7% and first quarter of outpatient visit growth in five years at 1.1%, but commercial admissions declined 3.4% and the outlook for the year was revised to a net income range of breakeven to $75 million.
This document is a presentation by Sallie Mae to investors at the Lehman Brothers Global Financial Services Conference on September 10, 2008. The summary provides an overview of Sallie Mae's business, recent funding achievements, asset quality, growth strategy, and earnings outlook. Sallie Mae is the number one originator, servicer, and collector of student loans, with over 10 million student and parent customers. It has demonstrated access to funding markets in 2008 and reduced reliance on short-term funding. Both its federal and private student loan portfolios have strong asset quality and performance. The company plans to continue growing responsibly through various federal and private lending programs.
Tenet Healthcare Corporation reported financial results for the second quarter of 2007. They reported a loss from continuing operations of $29 million compared to a loss of $447 million in the second quarter of 2006. Revenues increased 1.5% to $2.228 billion. Admissions declined 2.2% to 139,832 due primarily to declines in Florida and at two hospitals whose leases are expiring. Uninsured admissions increased 7.3% while charity care admissions declined 10.1%. Net patient revenue per admission and per day increased by 3.0% and 3.2% respectively due to pricing increases offsetting volume declines.
This document provides supplemental financial information for SLM Corporation for Q3 2006. It includes their statement of income for Q3 2006, Q2 2006, Q3 2005, and the first nine months of 2006 and 2005. It shows interest income increased from $1.2 billion to $1.7 billion from Q3 2005 to Q3 2006. Net income was $263 million for Q3 2006. The document also provides adjustments to net income figures to exclude special one-time items.
This document provides an overview of Terex Corporation from a presentation given by Steve Filipov, President of Developing Markets & Strategic Accounts. The summary includes:
1) Terex is a diversified equipment manufacturer with businesses in aerial work platforms, cranes, material processing and mining, construction, and roadbuilding and utilities.
2) Terex is a leader in many of its product categories and one of the largest construction equipment manufacturers in the world based on sales.
3) Terex has a geographically and segmentally diversified portfolio, with approximately 75% of 2007 sales generated in markets where it has a significant presence.
This document summarizes an earnings conference call for Oshkosh Corporation for the fourth quarter of fiscal year 2008. It discusses the company's financial results including a 5.8% increase in sales to $1.9 billion but a 32% decrease in operating income to $122 million. The document also provides an overview of Oshkosh's fiscal year 2008 results and discusses challenges faced in various business segments due to economic conditions. It notes actions taken by the company to reduce costs and debt. An outlook is given for fiscal year 2009 noting market volatility and a plan to drive over $500 million in debt reduction. Business segment results and outlooks are also summarized.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Arctos anthracite coal project in BC. The Arctos project is the largest and most advanced Canadian project for high rank anthracite coal, which is the highest quality metallurgical coal with diverse applications and insufficient global supply to meet forecast demand increases. Fortune Minerals is advancing both projects towards production based on positive feasibility studies.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects - the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in BC. The Mount Klappan project is the largest and most advanced Canadian project for high quality anthracite coal, which is the highest quality metallurgical coal used in steelmaking and other industrial applications. There is projected to be significant future growth in global demand for metallurgical coals but insufficient supply, representing an opportunity for the Mount Klappan project to enter production.
The document discusses the gold market and Barrick Gold Corporation's strategy. It provides an overview of gold supply and demand trends, the relationship between gold prices and the US dollar, growth in gold investment demand, reductions in producer hedging, and central banks accumulating gold reserves. It also outlines Barrick's plans to eliminate its hedge book, divest non-core assets, focus on reserve growth through acquisitions, improve operating performance, start up new projects, and resolve the divestiture of its Batu Hijau mine in Indonesia.
The document summarizes SEB's competitive position and performance in Q2 2009. Key points include:
- SEB maintained strong income generation and cost control in Q2 despite market turbulence.
- Asset quality remained stable outside the Baltic region, while provisions continued to build reserves for Baltic challenges.
- SEB has a well-diversified Nordic-focused credit portfolio and limited exposure to riskier sectors.
- The economies of Sweden and the Baltics are stabilizing and expected to recover in 2010-2011.
The document summarizes luxury home sales data and real estate broker market shares for Bainbridge Island, Whidbey Island, and the San Juan Islands from 2010 to 2012. It shows that 97 homes over $1 million sold on Bainbridge Island, compared to 40 on Whidbey Island and 37 in the San Juans. For south and central Whidbey, Windermere brokers had the largest market share of total luxury home sales and listings over $1 million.
The document summarizes a presentation for Fortune Minerals Limited, a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. It provides an overview of the Arctos project, which involves developing one of the world's largest deposits of high-quality anthracite coal via an open-pit mine with on-site processing facilities and a railway to transport coal to the deep water port of Prince Rupert. A definitive feasibility study update in October 2012 confirmed the technical and economic viability of the project.
Kingston's housing market is expected to moderate in the next two years with existing home sales and price growth returning to more sustainable levels aligned with historical norms. Total housing starts are projected to gradually decline to a level consistent with slower household formation. Employment growth is expected to remain positive but slow, while mortgage rates are anticipated to increase near the end of 2012 but remain low by historical standards.
Fortune Minerals Limited is a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. The Arctos project involves developing one of the world's largest deposits of high-quality anthracite coal via open pit mining and infrastructure including a railway to the Port of Prince Rupert. A definitive feasibility study update in October 2012 showed robust project economics.
Fiserv has experienced strong growth over its 20 year history, with revenues increasing at a 24% compounded annual rate and earnings per share growing at 21%. The company focuses on organic revenue growth through expanding existing client relationships and adding new clients by providing integrated solutions and value-added services. Fiserv's transaction processing expertise positions it well to capitalize on emerging trends in financial services and health plan management. The company's integration initiative aims to tightly integrate its technology platforms to better serve clients and drive organic growth.
Fairborne Energy Ltd. is an oil and gas company focused on development in the Deep Basin of Alberta. It recently divested its dry natural gas assets and is now focused solely on liquids-rich opportunities. The company has over 200 net sections of land in the Harlech area, which is prospective for multiple zones including the Cardium and Wilrich formations. Fairborne aims to utilize its high-quality asset base and technical expertise to deliver strong production and netback levels in the current gas price environment.
This document summarizes Citigroup's presentation on housing market trends, challenges in the financial industry, and Regions Bank's strategies to mitigate risks. It shows declining home sales and rising median home prices. Regions has avoided risky mortgages and investments. It focuses on commercial and consumer real estate loans, especially loans to homebuilders, condominiums, and home equity which require active management due to market conditions.
This document is GameStop's 2007 annual report which summarizes the company's strong financial and operational performance for the fiscal year. Some key highlights include revenue growth of 33% to $7.1 billion, net earnings growth of 82% to $288 million, aggressive worldwide store expansion adding 586 new stores, and stock price appreciation of 125% for the year. The report expresses optimism about continued growth in 2008 driven by new video game titles, expanding the customer base, and further worldwide store expansion.
This document summarizes a presentation given by Mark Mulhern, Senior Vice President and CFO of Progress Energy, at a Power & Gas Leaders Conference on September 24, 2008. The presentation discusses Progress Energy's strategy of securing its energy future through significant rate base growth, nuclear expansion projects, and maintaining a supportive regulatory environment. It provides an overview of Progress Energy's utilities in North Carolina and Florida, outlines major capital investment projects, and reviews the company's financial position and objectives to achieve steady earnings growth.
Tenet reported third quarter net income of $104 million, including gains of $140 million from investment sales. Same-hospital adjusted EBITDA declined 2.4% to $160 million due to higher bad debt and an unfavorable revenue mix. Tenet achieved its fourth consecutive quarter of admissions growth at 1.7% and first quarter of outpatient visit growth in five years at 1.1%, but commercial admissions declined 3.4% and the outlook for the year was revised to a net income range of breakeven to $75 million.
This document is a presentation by Sallie Mae to investors at the Lehman Brothers Global Financial Services Conference on September 10, 2008. The summary provides an overview of Sallie Mae's business, recent funding achievements, asset quality, growth strategy, and earnings outlook. Sallie Mae is the number one originator, servicer, and collector of student loans, with over 10 million student and parent customers. It has demonstrated access to funding markets in 2008 and reduced reliance on short-term funding. Both its federal and private student loan portfolios have strong asset quality and performance. The company plans to continue growing responsibly through various federal and private lending programs.
Tenet Healthcare Corporation reported financial results for the second quarter of 2007. They reported a loss from continuing operations of $29 million compared to a loss of $447 million in the second quarter of 2006. Revenues increased 1.5% to $2.228 billion. Admissions declined 2.2% to 139,832 due primarily to declines in Florida and at two hospitals whose leases are expiring. Uninsured admissions increased 7.3% while charity care admissions declined 10.1%. Net patient revenue per admission and per day increased by 3.0% and 3.2% respectively due to pricing increases offsetting volume declines.
This document provides supplemental financial information for SLM Corporation for Q3 2006. It includes their statement of income for Q3 2006, Q2 2006, Q3 2005, and the first nine months of 2006 and 2005. It shows interest income increased from $1.2 billion to $1.7 billion from Q3 2005 to Q3 2006. Net income was $263 million for Q3 2006. The document also provides adjustments to net income figures to exclude special one-time items.
This document provides an overview of Terex Corporation from a presentation given by Steve Filipov, President of Developing Markets & Strategic Accounts. The summary includes:
1) Terex is a diversified equipment manufacturer with businesses in aerial work platforms, cranes, material processing and mining, construction, and roadbuilding and utilities.
2) Terex is a leader in many of its product categories and one of the largest construction equipment manufacturers in the world based on sales.
3) Terex has a geographically and segmentally diversified portfolio, with approximately 75% of 2007 sales generated in markets where it has a significant presence.
Terex provides a presentation containing forward-looking statements about its business and financial performance. It warns that actual results could differ materially from expectations due to risks including economic conditions, competition, regulations, and access to capital. The presentation discusses Terex's diversified portfolio of equipment businesses, positioning in growing markets, leadership position in its industries, and financial performance including return on invested capital. Terex aims to leverage its scale and initiatives to enhance long-term results.
This document is Tenet Healthcare Corporation's Form 10-Q quarterly report filed with the SEC for the quarter ended September 30, 2008. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter, Tenet reported net operating revenues of $2.2 billion, net income of $104 million, and income from continuing operations before taxes of $110 million. As of September 30, 2008, Tenet had total assets of $8.3 billion and total liabilities of $8.2 billion.
- Tenet Healthcare reported positive results for Q4'07, with 0.1% admissions growth compared to Q4'06. Volumes in Florida stabilized with a 0.3% decline.
- Commercial managed care revenue grew 8.9% despite a 1.8% decline in admissions, due to increases in net revenue per admission.
- Adjusted EBITDA was $168 million in Q4'07, benefiting from $12 million in lower year-end compensation accruals and a $19 million favorable bad debt adjustment.
- Momentum is building in volumes, pricing from new contracts, and physician staff expansion through recruitment.
Terex Corporation's 2006 annual report provides an overview of the company and its business segments in that year. The report discusses:
1) Terex achieved record net sales of over $7.6 billion in 2006, driven by strong global economic growth. The company also improved its balance sheet.
2) Terex has five business segments: Aerial Work Platforms, Construction, Cranes, Materials Processing & Mining, and Roadbuilding, Utility Products and Other.
3) The Chairman's message outlines accomplishments in 2006 including sales and profitability growth. It discusses goals to continue this growth and challenges to further improve operations, leadership, and financial performance.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and growth strategy. Key points include:
- Terex is the 3rd largest manufacturer of construction equipment globally based on sales.
- Sales have grown at a compounded annual rate of 27% over the past 12 years to over $10 billion currently.
- Terex has a geographically diverse customer base with 70% of sales outside the US.
- Terex aims to be the most customer responsive, profitable, and best place to work in the industry.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product types and geographies. Terex Construction is focused on improving margins through initiatives like supply chain efficiency and pricing discipline. While North American and Western European markets have been soft, developing markets have shown excellent growth. Terex Construction is working to strengthen dealer capabilities and expand in high-growth emerging markets to position itself for leadership when market conditions improve.
This document provides an overview and summary of Sallie Mae's business and operations, including:
- Sallie Mae is a top originator, servicer, and collector of student loans with over 10 million customers and $169 billion in managed loans.
- It discusses strong industry trends in higher education enrollment and costs that are driving increased demand for education financing.
- Recent legislative actions and the company's various sources of funding for its student loan origination and securitization activities are also summarized.
- Key performance metrics are presented showing the historically strong credit quality of Sallie Mae's portfolio as well as the effective use of forbearance as a debt management tool for borrowers.
The document provides an overview of Terex's 2008 European Non-deal Road Show. It includes:
1) Introductions of the Terex NDRS team members including Ron DeFeo, Tom Riordan, and Phil Widman.
2) Forward-looking statements about Terex's business outlook and non-GAAP financial measures.
3) A discussion of Terex's strategy to continue building a better company positioned for attractive growth opportunities by leveraging its diverse portfolio and executing on its initiatives.
Trevor Fetter provides an overview of Tenet Healthcare Corporation's strong fourth quarter 2008 operating results despite challenges in the broader economic environment. He highlights progress made in physician recruitment, outpatient business stabilization, targeted growth initiatives, and quality achievements. Fetter also discusses steps taken to strengthen the balance sheet through a debt refinancing and expectations for a challenging 2009 with revenue uncertainties but a guidance range of $735-800 million in adjusted EBITDA. Stephen Newman then reviews volume performance and growth strategies by service line.
The document provides an overview of Sallie Mae's business fundamentals and financial outlook. It discusses that Sallie Mae has:
1) Strong fundamentals in student lending, competitive scale, and assured FFELP profits through 2010.
2) Adequate liquidity to meet debt obligations and unlimited funding for new FFELP loans through 2009/2010.
3) Expanding deposit funding and $20 billion in expected FFELP originations for 2008/2009.
4) Private loan originations increased despite economic challenges, with improving credit quality in recent vintages.
- The document is Pulte Homes' 2002 annual report which summarizes the company's financial and operational performance for 2002 compared to previous years.
- Key metrics like total revenue, earnings per share, and book value per share all increased from 1998-2002.
- In 2002, Pulte Homes constructed approximately 330,000 homes total throughout its history and operated in 44 US markets.
- The company has grown substantially in recent years and aims to continue expanding its market share across customer segments.
Trevor Fetter, CEO of Tenet Healthcare, discussed the company's strong Q2 2008 results. Same-hospital admissions grew 2.2%, the best result in over 4 years. Excluding recently divested hospitals, core same-hospital admissions grew 2.2% and paying admissions grew 2.2%. Commercial managed care admissions declined 1.7% but grew 1.9% in targeted service lines. Fetter also outlined several hospital divestitures and asset sales that would generate $750-950 million in cash, most of which would be used to retire debt. This would reduce EBITDA but increase pre-tax income and free cash flow.
Stephen Newman, also of Tenet Healthcare, provided
Tenet Healthcare Corporation reported financial results for the second quarter of 2006 with a net loss of $398 million compared to a net loss of $33 million in the second quarter of 2005. Revenues increased 2.5% to $2.195 billion due to a 6.8% increase in net patient revenue per day. However, admissions and outpatient visits declined slightly. The company exceeded expectations for the quarter due to strong pricing increases and cost controls, but continues to face challenges from declining volumes and increasing uncompensated care costs.
This document contains:
1) Forward-looking statements about Sallie Mae's beliefs, expectations, and assumptions that are subject to risks and uncertainties.
2) Information on Sallie Mae's strong business fundamentals, competitive franchise, assured FFELP profitability through 2010, adequate liquidity, expanding funding sources, and performing private loan portfolios.
3) Details on Sallie Mae's FFELP and private loan originations, funding including new government support programs, and liquidity positions.
The document is Parker Hannifin Corporation's 2008 annual report which summarizes the company's financial performance for the fiscal year. It highlights that Parker Hannifin generated $12.1 billion in revenues, had 960,000 products, 449,000 customers, 62,000 employees, and 298 manufacturing plants. The annual report covers how the company is applying its expertise in motion and control technologies across many industries to increase customer productivity and profitability.
Melford Hospital's pediatrics unit operated at 100% capacity for 90 days last year, exceeding their maximum capacity by 20 patients. Using CVP analysis, the hospital determined adding 20 beds would allow them to meet increased demand and breakeven. However, adding beds only increased costs and decreased profits. Instead, the hospital recommends renting the additional beds to an outpatient surgical group, sharing costs. Estimating the surgical group will use the beds for 4,200 patient days, annual profit is projected to increase to $786,333 with 26,000 total patient days.
Presentation by Mr Kārlis Cerbulis, economics expert, Senior Vice President, NCH Advisors Inc. Baltic States at EP ECR group meeting in Riga, Latvia on September, 2010.
This annual report summarizes Lowe's performance in 2002. Some key points:
- Sales increased 19.8% to $26.5 billion and comparable store sales increased 5.6%. 123 new stores were opened.
- Gross margin reached a record high of 30.3% due to merchandising and sourcing strategies as well as inventory and process improvements in stores.
- Net earnings increased 43.8% to $1.47 billion.
- The company plans to continue growing by opening more stores, expanding installed sales and special order businesses, and gaining market share in more product categories.
Nowadays, a Quality testing team is facing challenges to sustain its core activities and the same level of quality while new features, new platforms, more complex use cases are to covered.The Glassfish Quality Community is an initiative which intends to build a testing community around the Glassfish project and attempts to address the above challenges.
This session will present in details what the Glassfish Quality community is all about and what directions have been taken to meet its objectives
The document is a presentation from Marshall Larsen, Chairman and CEO of Goodrich Corporation, at the 14th Annual Credit Suisse Aerospace and Defense Conference on November 19, 2008. It discusses Goodrich's financial outlook, the commercial aerospace market environment, and Goodrich's strategies and positioning. Goodrich expects sales and EPS growth to continue in 2009 despite challenges in the global economy and airline industry, with balanced growth across commercial aerospace and defense markets.
This document provides an overview of Goodrich Corporation's performance and outlook from its Chairman, President and CEO at an aerospace and defense conference. It summarizes Goodrich's balanced portfolio, consistent financial results, and expectations for continued sales and earnings growth in 2009 despite challenges in the commercial aerospace market. Goodrich expects commercial aftermarket sales to grow 4-7% in 2009. While global passenger capacity is expected to decline in 2009, in-production aircraft are not targeted for grounding and their utilization rates have not dropped significantly. Goodrich remains focused on opportunities in the defense and space market to pursue balanced growth.
This document summarizes Bank of America's financial management strategies. It discusses generating diverse revenue streams, managing interest rate risk, maintaining strong capital and liquidity positions, and advantageously managing capital. Key points include generating over $74 billion in annual revenue from a variety of sources, holding net interest income steady despite rate changes, having enough liquidity to cover over 30 months of required funding, and returning over $80 billion to shareholders through buybacks and dividends. The goal is 10% annual EPS growth through revenue increases, operating efficiencies, controlled credit costs, and capital deployment.
Predicting the Housing Market with Buyer & Seller Psychology (Predictive Anal...Altos Research
Presented by Scott Sambucci (Altos Research) at the IE Group’s Predictive Analytics Summit, "Predicting the Housing Market with Buyer & Seller Psychology" reviews real-time and leading indicators to predict future home prices.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
The document discusses major proposed changes to lease accounting standards that would eliminate the classification of leases as operating leases. Under the new standards, all leases would be reported on companies' balance sheets as assets and liabilities. This would significantly increase reported assets and debt for many companies and alter key financial metrics. The changes are aimed at improving transparency and comparability around companies' lease obligations. Companies need to begin preparing for the changes which could take effect in 2012-2014 and would require new processes to collect lease data and perform complex calculations.
The document contains 8 questions with financial information for various companies. The questions ask to calculate ratios such as current ratio, liquidity ratio, stock turnover ratio, debtors turnover ratio, gross profit ratio, operating profit ratio, net profit ratio, working capital ratio, fixed asset turnover ratio, debt-equity ratio, creditors turnover ratio, and acid test ratio from the income statements, balance sheets, sales figures and other financial details provided.
We are alive! Now what? by Kārlis CērbulisRoberts Zīle
Brilliant and professional look at the current economical situation of Latvia. Kārlis Cērbulis is one of the bright economical minds in Latvia and collegue of mine in the economist association "EA2010" Enjoy!
The corporate presentation provides an overview of Claude Resources and its gold assets in Canada. It summarizes that Claude has 3 gold mining operations located in proven mining regions of Canada, with each hosting over 1 million ounces of gold. It also outlines Claude's plans to increase production by 80% by 2017 while decreasing costs, focusing on organic growth from its existing resource base near current infrastructure. The presentation promotes Claude as a lower risk investment opportunity with potential for production and cost improvements.
The document provides an overview of a presentation given by JPMorgan on June 3, 2008 regarding JPMorgan's Basics & Industrials Conference. The presentation discusses trends in the gold market including supply and demand dynamics, the relationship between gold prices and the US dollar, investment demand for gold, and central bank gold reserves. It also provides an update on Newmont Mining Corporation's key projects, financial results, leverage to gold prices, and annual guidance for 2008.
1) Scania reported all-time high earnings in 2008 with operating income of SEK 12,512 million. However, deliveries declined 18% in Q4 as the company adjusted production rates due to decreased demand in Europe.
2) While the trucks and services segment grew profits through price increases, this was partially offset by negative impacts from lower deliveries, used vehicles, raw materials, and R&D spending.
3) Scania's flexible production system and focus on reducing inventory and postponing investments helped cash flow, but tied up capital increased with capacity investments. Outlook for 2009 is uncertain due to rapid demand fall in Q4 and high industry inventory levels.
Similar to pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812 (20)
SAIC's employees are dedicated to delivering innovative solutions to support clients worldwide, particularly those on the front lines of homeland security and the war in Iraq. The document discusses several ways SAIC supports homeland security, including through emergency preparedness and response training, securing borders and transportation, and responding to nuclear, biological, and chemical threats. SAIC has extensive experience supporting government agencies and was chosen to integrate the new Department of Homeland Security's data network.
This document provides a 3-page annual report for SAIC, a technology and engineering company, for their 35th anniversary in 2004. It summarizes SAIC's history and accomplishments over 35 years, including helping analyze nuclear weapons, undertaking projects in nuclear energy and healthcare, and solving difficult problems for customers in many fields. It discusses SAIC's continued commitment to employee ownership and customer focus. The message to stockholders outlines SAIC's strategies under new CEO Ken Dahlberg to better serve customers, recommit to traditional values, and drive continued growth, including reorganizing into fewer customer-focused units and setting a goal to double the company's value in 5 years.
SAIC delivered strong financial and technical performance in fiscal year 2005. Revenues increased 23% to $7.2 billion and operating income rose 24%. SAIC won many new contracts and saw record contract awards and backlog. Going forward, SAIC aims to capture larger systems integration contracts while maintaining an entrepreneurial culture and pursuing new opportunities in areas like digital oilfield technology. SAIC also seeks to strengthen workforce diversity and development.
The document is SAIC's annual report for fiscal year 2006. It summarizes SAIC's financial performance for the year, highlighting increased revenues of $7.8 billion, net income of $927 million, and diluted earnings per share of $5.15. It also outlines SAIC's strategic business areas of homeland security, intelligence solutions, defense transformation, logistics and transportation, systems engineering and integration, and research and development. The report discusses SAIC's response to hurricanes Katrina and Rita and its commitment to customers, employees, and shareholders.
SAIC provides technical solutions and operational support to government agencies and commercial customers in key areas such as homeland security, intelligence, defense, logistics, and IT. In fiscal year 2007, SAIC achieved revenue growth of 7% and operating income growth of 19% while making strategic acquisitions to expand capabilities. SAIC is committed to executing strategies to accelerate organic growth, expand operating margins, and make additional strategic acquisitions.
1) SAIC achieved strong financial results in FY2008, with revenues of $8.94 billion, up 11% from FY2007, and operating income of $666 million, up 16% from the previous year.
2) SAIC completed strategic acquisitions to expand in energy, infrastructure, and environment areas and appointed a new COO, Larry Prior, to lead organizational transition efforts.
3) Project Alignment is a major multi-year initiative to improve performance by integrating HR, finance, IT and other functions into a shared services model across the company.
The document provides an overview of Terex Corporation for a May 2008 investor conference. It discusses Terex's purpose, mission, and vision. It summarizes Terex's sales, operating profit, and geographic diversity for 2007. It also outlines goals to achieve $12 billion in sales and 12% operating margin by 2010. Finally, it discusses opportunities to improve margins through pricing actions, supply management, productivity initiatives, and The Terex Way values.
The document provides an overview of Terex Corporation and its business segments for an investor conference. It summarizes that Terex has a diversified portfolio across industries and geographies that provides balance through economic cycles. It also outlines opportunities to improve margins through pricing actions, supply management initiatives, and productivity improvements. The goal is to achieve $12 billion in sales and a 12% operating margin by 2010.
The document provides an overview of Terex Corporation for a Merrill Lynch conference. It discusses Terex's purpose, mission, and vision. It also summarizes Terex's diversified business segments and product lines, with aerial work platforms, construction equipment, cranes, material processing and mining equipment being the largest segments. The document outlines Terex's goals for 2010 of achieving $12 billion in sales and 12% operating margins.
The document provides an overview of Terex Corporation from its Basics Industrials Conference presentation on May 8, 2008. It discusses Terex's purpose, mission, and vision. It highlights Terex's strong and diversified revenue base, with income from operations increasing 36% in 2007 and 28% in Q1 2008. It outlines Terex's goals for 2010 of $12 billion in sales and 12% operating margin. The document also provides an overview of each of Terex's business segments.
Terex Corporation provides forward-looking statements and non-GAAP measures in their presentation. Their purpose is to improve people's lives around the world through their construction equipment. Their mission is to delight customers with high-quality products and services that exceed expectations. Their vision is to be the most customer-responsive, profitable, and desirable place for employees to work in the industry. Terex has a strong and diversified revenue base globally, with income and sales growing significantly in recent years. They are the 3rd largest construction equipment manufacturer in the world, with over 75% of sales where they have a strong market presence.
The annual shareholder meeting presentation covered the following key points in 3 sentences:
Terex aims to achieve $12 billion in sales and 12% operating margin by 2010 through executing on supply chain management, pricing discipline, and lean initiatives to improve margins. The company has a diverse portfolio of products and geographic presence to balance performance across economic cycles. Opportunities for margin improvement include coordinating supply efforts, optimizing manufacturing footprint, and pricing actions to offset rising costs.
1) The annual shareholder meeting presentation discusses Terex Corporation's financial goals for 2010, including achieving $12 billion in sales with a 12% operating margin and 15% working capital to sales ratio.
2) It provides an overview of Terex's business segments and their market positions, with approximately 75% of sales generated in markets where Terex has a leading position.
3) The presentation highlights Terex's sales and backlog figures by business segment for the last twelve months through March 2008, with aerial work platforms sales up 9% and cranes sales up 26% compared to the prior year.
This document contains the presentation from Tim Ford, President of Terex Aerial Work Platforms, at the JPMorgan Basics & Industrials Conference on June 4, 2008. Ford discusses the strong sales growth and global expansion of Terex AWP over the past decade. He outlines the secular growth drivers of the aerial work platform industry and Terex AWP's strategy to further strengthen and globalize its business, maximize revenue and profit from its large installed base, and extend its product offerings beyond aerials. Ford also highlights opportunities to apply lean principles more broadly across the value chain through partnerships with customers and suppliers.
Terex Corporation provides forward-looking statements and non-GAAP measures in their presentation. Their purpose is to improve people's lives around the world through their construction equipment. Their mission is to delight customers with high-quality products and services that exceed expectations. Their vision is to be the most customer-responsive, profitable, and desirable place for employees to work in the industry. Terex has a strong and diversified revenue base globally, with income and sales growing substantially in recent years. They are the third largest construction equipment manufacturer in the world, with over 75% of sales where they have a strong market presence.
This document contains the presentation from Tim Ford, President of Terex Aerial Work Platforms, at the JPMorgan Basics & Industrials Conference on June 4, 2008. Ford discusses the strong sales growth and global expansion of Terex AWP over the past decade. He outlines the secular growth drivers for the aerial work platform industry and Terex AWP's strategies to further strengthen and globalize its business, maximize revenue and profit from its large installed base, and extend its product offerings beyond aerials. Ford also highlights opportunities to apply lean principles more broadly across the value chain and customer relationships.
Terex is a leading manufacturer of construction and mining equipment with strong market positions. It aims to grow sales to $12 billion by 2010 through executing on initiatives to improve supply chain management, pricing discipline, and productivity. Terex has a diversified business across products and geographies to balance performance through different economic cycles.
Terex is a leading manufacturer of construction and mining equipment with sales of $9.1 billion in 2007. It aims to grow sales to $12 billion by 2010 through organic growth and acquisitions while improving operating margins to 12% and reducing working capital to sales ratio to 15%. Terex has a diversified business across products and geographies that provides balance throughout the economic cycle.
Terex is the 3rd largest manufacturer of construction equipment in the world based on last twelve months of available Construction Equipment Sales. Terex has a strong and diversified revenue base with almost 70% of 2007 sales generated outside of the USA. Approximately 75% of 2007 sales were generated in markets where Terex has a larger market presence than competitors and/or a significant market share.
Sales and backlog for Terex's business segments through March 31, 2008:
- Aerial Work Platform sales increased 9% with backlog up 4% from the previous period.
- Crane segment sales rose 26% and backlog grew 70% over the same period.
- Material Processing & Mining sales were flat while backlog declined slightly.
Overall, Terex is experiencing growth across most segments though some backlogs decreased slightly from the prior period.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
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2. Forward-Looking Statement
Certain statements in this release constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known risks, uncertainties and other factors
that may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors include,
among other things, (1) general economic and business conditions; (2) interest
rate changes and the availability of mortgage financing; (3) continued volatility
and potential further deterioration in the debt and equity markets; (4)
competition; (5) the availability and cost of land and other raw materials used
by the Company in its homebuilding operations; (6) the availability and cost of
insurance covering risks associated with the Company’s business; (7) shortages
and the cost of labor; (8) weather related slowdowns; (9) slow growth
initiatives and/or local building moratoria; (10) governmental regulation,
including the effects from the Emergency Economic Stabilization Act and the
interpretation of tax, labor and environmental laws; (11) changes in consumer
confidence and preferences; (12) required accounting changes; (13) terrorist
acts and other acts of war; and (14) other factors of national, regional and
global scale, including those of a political, economic, business and competitive
nature. See the Company’s Annual Report on Form 10-K and Annual Report to
Shareholders for the year ended December 31, 2007 and other public filings with
the Securities and Exchange Commission for a further discussion of these and
other risks and uncertainties applicable to Pulte’s business. Pulte undertakes no
duty to update any forward-looking statement whether as a result of new
information, future events or changes in Pulte's expectations.
2
3. Company Overview
• Pulte Homes is one of America’s largest home building
companies with operations in 50 markets and 27 states.
• During our 58-year history, the company has delivered
more than 500,000 new homes.
• Pulte Homes ranked highest in the 2008 annual J.D.
Power and Associates® New Home-Builder Customer
Satisfaction Study, and has earned more top-three
finishes than any other homebuilder since 2000.
• Under our Del Webb brand, Pulte is the nation's largest
builder of active adult communities for people age 55 and
older.
3
4. Presentation Agenda
• Industry Overview
– Facts and figures
• Pulte’s Short-Term Tactics & Long-Term Focus
– Generate cash and focus on the balance sheet
– Manage house and land inventory
– Align cost structure with current low demand
environment
– Maintain financial discipline
– Product segmentation and quality focus
• Long-Term Drivers Remain Positive
4
6. Homebuilding Downturn Persists
• Overhang of excess unsold new home and existing
home inventory continues to plague the industry
• Cancellation rates remain above historical levels
• Low mortgage availability dampens buyer demand
• Buyer confidence remains under pressure
• Record level of impairments and land-related
charges due to lower sales prices and absorptions
in many major markets
6
7. Buyer Demand Remains Low
New Home Sales
(Units 000)
1,400
• Sales down over 60%
1,200 from peak 2005 levels
1,000
• Fear of continued
declines in home prices
800
keeps buyers on the
600
sidelines
• Tighter mortgage
400
liquidity impacts buyer
200 ability to obtain
financing
0
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7
6
5
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Se 07
Se 06
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0
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pt
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ar
ar
p
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ar
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Source: U.S. Census Bureau SAAR Data
7
8. Inventory of New Homes Declining,
But Months Supply Still Elevated
New Homes For Sale
600,000 12
NH For Sale
Months Supply
500,000 10
400,000
Months Supply
Homes for Sale
8
300,000 6
200,000 4
100,000 2
0 0
Jun '05
Jun '06
June '07
Jun '08
Mar '05
Sep '05
Mar '06
Mar '07
Mar '08
Dec '03
Dec '04
Dec '05
Sept '06
Dec '06
Sept '07
Dec '07
Sept '08
Nov '08
Source: U.S. Census Bureau SAAR Data
8
9. Builders Reduce New Home
Construction in Response to Downturn
2,400
Housing Starts
SF Starts
Permits
2,000 Line 4
1,600
1,200
800
400
0
Dec Dec Mar June Sept Dec Mar June Sept Dec Mar June Sept Nov
'04 '05 '06 '06 '06 '06 '07 '07 '07 '07 '08 '08 '08 '08
Source: U.S. Census Bureau SAAR Data
9
10. 10
Source: S&P
D
ec
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
-20.0%
-15.0%
-10.0%
D '0
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D '0
ec 2
M '0
ar 3
Ju '04
n
Se '0
p 4
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M '0
ar 4
Ju '05
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p 5
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Ju '06
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Au '0
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Existing Home Prices
Se '08
S&P Case-Shiller Home Price Index
p
O '08
ct
'0
8
12. Short-Term: Land & House Inventory
Lots Under Control
• Lots under control at 400,000
Owned Optioned Pending
end of Q3 ‘08 reduced 350,000
25% compared with a 300,000
year ago (and 65%
lower vs. 3Q ’05) 250,000
200,000
• Will continue to limit
land acquisition and 150,000
development to current 100,000
projects and takedowns
on finished lots where 50,000
absorption pace and 0
margin are acceptable
5
6
7
8
2
3
4
'0
'0
'0
'0
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'0
'0
pt
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12
13. Short-Term: Land & House Inventory
• Speculative units decreased
– Spec units under production at Q3 2008
reduced by 7% from prior year third
quarter
– Cancellations usually translate into new
specs, placing more pressure on keeping
spec levels down
– Goal is to start limited number of new
specs and drive down total homes under
production to lowest possible level in each
market
13
14. Short-Term: Generate Positive
Cash Flow
• Generated over $900 million of
positive cash flow in Q4 2007, and
ended with $1.1 billion of cash at end
of 2007
• Paid down $313 million of senior notes
during the 2nd quarter of 2008
• Ended Q3 2008 with approximately
$1.2 billion of cash
14
15. Short-Term: Lower Cost Structure
•Adjusting our SG&A levels in response to
severity of housing downturn
– Homebuilding overhead expense 30% lower in
first nine months of 2008 vs. prior year period
– Continue to focus on managing SG&A spend
given weak demand environment
15
16. Long-Term: Consistent Strategy
• Financial discipline
–Conservative leverage target
• Product segmentation
–Active adult focus
• Quality and customer satisfaction
–Focus on “customer delight” pays off
• Operational Excellence
–Long-term construction efficiency; reduce labor
and material costs; simplify design, specifications
16
18. Long-Term: Maintain Financial
Discipline
Debt Maturity Graph
$1,200
• Average senior note $1,100
maturity is 12+ years
$1,000
$900
• Company retired $313
$800
million of senior notes
maturing in 2009; no $700
$ millions
other maturities until $600
2011 $500
$400
• Revolving credit facility $300
that matures in 2012
$200
$100
$0
15
17
08
09
10
11
13
14
+
32
20
20
20
20
20
20
20
20
20
18
19. Long-Term: Product Segmentation
2007 Closings By Buyer Profile
1st Time Buyer 17%
1st Move Up Buyer 22%
2nd Move Up Buyer 15%
Active Adult 46%
Pulte Homes
Del Webb
DiVosta
19
20. Unmatched Active Adult Position
Through Del Webb Brand
NORTHERN CALIFORNIA ILLINOIS MASSACHUSETTS
Woodbridge Sun City at Great Island
Glenbrooke Huntley INDIANA
The Club at WestPark Shorewood Glen Britton Falls CONNECTICUT
Sierra Canyon Edgewater Village at
Sun City Lincoln Hills Grand Dominion MICHIGAN Oxford Greens
Bridgewater
Grand Reserve VIRGINIA
Celebrate
Potomac Green
SOUTHERN CALIFORNIA
Solera at Apple Valley
MARYLAND
Solera at Kern Canyon
Chesapeake
Sun City Shadow Hills
Rancho Diamante TENNESSEE Carroll Vista
Providence
NORTH CAROLINA
Carolina Preserve
Carolina Ridge
COLORADO
NEVADA Anthem Ranch SOUTH CAROLINA
Sun City Anthem Sun City Hilton Head
Sun City Aliante ARIZONA Sun City Carolina
Sonora Lakes
Solera at Anthem GEORGIA
Solera at Johnson Ranch Cane Bay
Madiera Canyon Sun City Peachtree
Sun City Festival
Solera at Stallion Village at Deaton Creek OHIO
Mountain Fireside at Desert Ridge
Lake Oconee Pioneer Ridge
Sun City Mesquite Fireside at Norterra
TEXAS
Sierra Canyon Anthem Parkside
Sun City Texas FLORIDA NEW JERSEY
Anthem at Merrill Ranch
Frisco Lakes Sweetwater Centennial Mill
Sun City Anthem at Merrill
Ranch Hill Country Retreat Bella Trae Wanaque Reserve
Stone Creek River Pointe
Ave Maria
Riverwood at Nocatee
La Cresta
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21. Long-Term: Ongoing Focus on Quality
• Pulte continues to 2008 J.D. Power & Associates
excel in customer Customer Satisfaction Study
satisfaction
– Since 2000, Pulte has Customer Satisfaction Rankings
earned more top-three
finishes than any other Pulte Homes operations
builder in annual J.D.
#1 in 11 markets
Power and Associates
study 20 top-three finishes
• History shows that New-Home Design Rankings*
quality pays:
Pulte Homes operations
– Lowers customer
acquisition costs #1 in 6 markets
– Advantage in New-Home Quality Rankings*
working with
local municipalities Pulte Homes operations
to get land entitled
#1 in 7 markets
– Reduces service
expense and
litigation risk
* New areas of study added in 2007
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23. Macro Factors Remain Favorable
U.S. Population Projections
(millions)
450
• Data from Census
400
Bureau shows U.S.
350 population passed 300
300 million people in 2007
250 • Rate of growth
accelerating, with
200
population expected to
150 be near 400 million by
100 2040
50
0
'00 '05 '10 '20 '30 '40
Source: U.S. Census Bureau
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24. Macro Factors Remain Favorable
Immigrants Admitted to the U.S.
1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 Avg
Source: U.S. Census Bureau
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25. Macro Factors Remain Favorable
Household Growth
(millions)
• According to the Joint 1.5
Center for Housing
Studies: 1.4
– Total household
growth in the next
1.3
decade will range from
nearly 1.3 million to
over 1.4 million homes 1.2
annually.
– Immigration will be a 1.1
key driver of the
increase
1
1995 to 2000- 2010- 2010-
2000 2006 2020* 2020**
*Assumes recent pace of immigration
**Assumes 30% reduction in immigration Source: Joint Center for Housing Studies 2008
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26. Competitive Advantages of
Pulte Homes
• Being a big builder, better able to weather a
lengthier downturn
• Better economies of scale resulting from efforts to
lower costs, improve efficiency
• Leading builder of active adult communities
through the Del Webb brand
• Focus on quality and customer satisfaction as
evidenced by J.D. Power awards received
• Balance sheet focused
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27. Summary
• Industry downturn approximately 3 years in duration
• Signs to look for when stabilization does occur:
– Improving buyer sentiment
– Positive traffic and order trends
– Home inventory levels (new and existing) and months’
supply of homes begin to decline
– Cancellation rates retreating toward historical levels
• Pulte continues to focus on its short-term tactics
– Generate cash / balance sheet focused
– Properly manage investment in land and house inventory
– Drive costs lower through matching SG&A costs to current
levels of buyer demand
• Long-term drivers remain supportive of future demand
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