Terex Materials Processing & Mining is a $2.6 billion provider of surface mining and aggregate equipment solutions worldwide. It has a profitable and growing business with strong margins. The mining equipment industry is large at $20 billion annually and focused on surface mining processes. Terex is well positioned in this industry with its mining trucks and hydraulic excavators, which are focused on the largest metal and coal mining customers. Terex sees opportunities to continue growing its business through expansion in key regions and markets.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product categories and geographies. Terex Construction is currently undergoing process improvements and restructuring to optimize costs and margins as North American and Western European markets have softened. However, emerging markets continue to see strong growth and present opportunities. Terex Construction's goals are to achieve $12 billion in sales and 12% operating margins by 2010 through initiatives in supply chain efficiency, pricing discipline, and acquisitions integration.
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 Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted major infrastructure projects continuing in Russia and other developing regions that would support ongoing equipment demand.
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.
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.
General Motors- Events & Presentations 2008 Jp Morgan Auto Conference Gm Acti...Manya Mohan
This document discusses GM's plans to align its business with current market conditions. It outlines assumptions for lower US auto industry volumes and GM's US market share through 2009. GM plans major cost reductions through actions like plant closures, headcount reductions, capital expenditure decreases, and working capital improvements totaling around $10 billion. Additional liquidity of $2-4 billion is expected from asset sales and $2-3 billion from financing activities. With these actions, GM believes it will have sufficient liquidity through 2009 despite conservative planning assumptions. The document also highlights GM's upcoming new car and crossover launches and advanced technology initiatives.
This document provides a summary of GE's fourth quarter and full year 2008 earnings results as well as business highlights from across GE's divisions. Some key points include:
- GE reported Q4 earnings per share of $0.37 and full year EPS of $1.79
- Infrastructure and Media earnings were up 3% in Q4 and 10% for the full year
- Capital Finance earned $1B in Q4 and $8.6B for the full year
- NBC Universal had its biggest year ever at the box office with $2.8B in global theatrical grosses
- Updates are provided on orders, contracts, and new products or investments across GE's infrastructure, energy, and capital
1. The document discusses creating national will to achieve the national destiny and purpose set by GCC country leaders, including reducing energy demand and emissions.
2. It presents district cooling as a way to efficiently cool different building types and proposes various investment options for states, recommending public-private partnerships and third party investments.
3. A decision matrix compares investment alternatives based on economic and financial factors, concluding that a third party investment using a BOOT method is most suitable.
Terex Corporation is one of the largest manufacturers of construction equipment in the world. It has a diverse portfolio balanced across different construction product categories and geographies. Terex Construction is currently undergoing process improvements and restructuring to optimize costs and margins as North American and Western European markets have softened. However, emerging markets continue to see strong growth and present opportunities. Terex Construction's goals are to achieve $12 billion in sales and 12% operating margins by 2010 through initiatives in supply chain efficiency, pricing discipline, and acquisitions integration.
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 Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted major infrastructure projects continuing in Russia and other developing regions that would support ongoing equipment demand.
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.
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.
General Motors- Events & Presentations 2008 Jp Morgan Auto Conference Gm Acti...Manya Mohan
This document discusses GM's plans to align its business with current market conditions. It outlines assumptions for lower US auto industry volumes and GM's US market share through 2009. GM plans major cost reductions through actions like plant closures, headcount reductions, capital expenditure decreases, and working capital improvements totaling around $10 billion. Additional liquidity of $2-4 billion is expected from asset sales and $2-3 billion from financing activities. With these actions, GM believes it will have sufficient liquidity through 2009 despite conservative planning assumptions. The document also highlights GM's upcoming new car and crossover launches and advanced technology initiatives.
This document provides a summary of GE's fourth quarter and full year 2008 earnings results as well as business highlights from across GE's divisions. Some key points include:
- GE reported Q4 earnings per share of $0.37 and full year EPS of $1.79
- Infrastructure and Media earnings were up 3% in Q4 and 10% for the full year
- Capital Finance earned $1B in Q4 and $8.6B for the full year
- NBC Universal had its biggest year ever at the box office with $2.8B in global theatrical grosses
- Updates are provided on orders, contracts, and new products or investments across GE's infrastructure, energy, and capital
1. The document discusses creating national will to achieve the national destiny and purpose set by GCC country leaders, including reducing energy demand and emissions.
2. It presents district cooling as a way to efficiently cool different building types and proposes various investment options for states, recommending public-private partnerships and third party investments.
3. A decision matrix compares investment alternatives based on economic and financial factors, concluding that a third party investment using a BOOT method is most suitable.
18 11-2008 Mitsubishi UFJ Securities - Brazil Day Conference 2008 no Japão (s...Petrobras
Petrobras held its "Brazil Day" conference in 2008 to provide information on its operations and strategy. The presentation discussed Petrobras' financial results, corporate organization, integrated operations, and key upstream projects. It highlighted Petrobras' balanced vertical integration across exploration and production, refining, transportation and marketing. Recent major oil and gas discoveries off the coast of Brazil were also summarized, including the large pre-salt province containing the Tupi and Iara fields.
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. Terex aims to delight customers, attract top talent, and be the most profitable and responsive company in its industry. It has a diversified portfolio of equipment businesses and geographic presence.
Goodrich Corporation reported fourth quarter and full year 2008 results on February 4, 2009. The document discusses:
1) Forward-looking statements about future plans, objectives, and performance are based on reasonable assumptions but actual results may differ due to various risks and uncertainties.
2) The commercial aerospace industry faces challenges from the health of the global economy and airline industry, as well as demand for new and existing aircraft models.
3) Global passenger capacity growth has slowed as airlines cut capacity due to high fuel prices and declining demand, primarily by grounding older aircraft.
This document consists of an exam for the Cambridge International Examinations General Certificate of Education Advanced Subsidiary Level and Advanced Level in Business Studies. The exam contains two cases studies and related questions:
1. East Farm Wildlife Park (EFWP), a family business partnership, faces falling visitor numbers and needs to decide whether to expand. The expansion plans come with significant costs and risks.
2. Ganmor Cars is a small, private car manufacturer considering expanding its product line to include smaller, more fuel efficient family cars. It must determine how to produce these new cars while maintaining quality.
The document provides an overview and analysis of the offshore wind foundation market including foundation types, market forecasts, key players and opportunities. It analyzes trends in foundation demand by region and type and forecasts the size and value of the global foundation market out to 2020. The report is intended to help companies understand dynamics and opportunities in the growing offshore wind foundation industry.
General Motors-Events & Presentations 2008 Deutsche Bank Leveraged Finance Co...Manya Mohan
This document contains the presentation slides from Walter Borst, Treasurer of General Motors, at the 2008 Deutsche Bank Leveraged Finance Conference on September 24, 2008. The presentation discusses GM's focus on implementing its liquidity plan through cost reductions, asset sales, and capital markets activities in order to bolster its cash position. It also covers GM's outlook for improving performance after 2010 based on growth in emerging markets and investments in advanced technology.
Financial Analysis - OGX Petroleo e Gas Participacoes SA is an oil and gas…BCV
OGX Petroleo e Gas Participacoes SA is a Brazilian oil and gas exploration and production company. It has no revenue or employees yet as it is still in the exploration and production stage. The majority of its shares are owned by Brazilian institutions and individuals. Analyst ratings on the company are mixed, with around half recommending a buy and the other half recommending a hold or sell. Target price estimates range significantly from $1.80 to $17.63.
The document is a presentation by SLM Corporation (Sallie Mae) given on June 1-4, 2008. It provides an overview of Sallie Mae, discusses the US Department of Education's student loan liquidity plan, reviews trends in higher education, outlines Sallie Mae's business fundamentals, and addresses its liquidity and access to capital markets. The presentation also covers US government guaranteed and private education loan asset-backed securities.
This document is an SEC Form 10-Q/A quarterly report filed by Tenet Healthcare Corporation that provides restated financial results for the third quarter of 2005. It includes a condensed consolidated balance sheet, statements of operations and comprehensive income, and cash flows. Key details include:
1) The financial statements are being restated due to findings from an independent investigation into the company's accounting for contractual allowances.
2) In the condensed consolidated balance sheet, total assets decreased from $10.1 billion to $10 billion after restatement. Total liabilities increased from $8.4 billion to $8.6 billion.
3) In the condensed consolidated statement of operations, the net loss for the
This document provides notice of the Annual Meeting of Shareholders of Tenet Healthcare Corporation to be held on May 6, 2009. The purposes of the meeting are to elect ten directors for one-year terms, ratify the selection of Deloitte & Touche LLP as the independent registered public accountants for 2009, and consider any other business that may properly come before the meeting. Shareholders of record as of March 16, 2009 are entitled to vote at the meeting and may do so by completing and returning a proxy card, voting by telephone or internet, or voting in person at the meeting by withdrawing their proxy.
This document provides quarterly and year-to-date financial information for SLM Corporation. Some key details:
- For Q3 2007, SLM reported a net loss of $344 million (GAAP), compared to net income of $966 million in Q2 2007 and $263 million in Q3 2006. Core earnings were $259 million in Q3 2007.
- Total assets increased to $150.8 billion in Q3 2007 from $132.8 billion in Q2 2007 and $107.1 billion in Q3 2006, driven largely by growth in student loan portfolios.
- Average managed student loans increased to $156.1 billion in Q3 2007 from $152.3
This document summarizes KBR's business strategies and outlook. It discusses their upstream, government, services, and other business units. For their upstream business, LNG remains strong with prospects for new projects. They are well positioned for offshore growth. It also discusses the acquisition of BE&K and its integration and financials. KBR has a strong cash position and balance sheet to support future growth opportunities.
This document is Tenet Healthcare Corporation's annual report on Form 10-K for the fiscal year ended December 31, 2008. It provides information on Tenet's business operations, including that it operates general hospitals and related healthcare facilities in 12 states. It lists the specific hospitals owned or leased by Tenet in each state and other details such as number of beds. The report also discusses Tenet's strategies, acquisitions, divestitures, and new facilities. It provides an overview of Tenet's organizational structure and factors that affect its financial performance.
The document outlines the Compensation Committee Charter for Terex Corporation. It establishes the purpose, membership, responsibilities and authority of the Compensation Committee. The Committee is responsible for approving and evaluating executive compensation plans, reviewing and determining CEO compensation, overseeing regulatory compliance regarding compensation, and reporting on executive compensation for the annual proxy statement. It must include at least three independent directors, one also serving as Chairman of the Governance Committee. The Committee will meet at least quarterly.
KBR announced its fourth quarter and full year 2007 financial results. For the fourth quarter, KBR reported net income of $71 million compared to $43 million in the prior year quarter. However, income from continuing operations was $48 million compared to $45 million in 2006. For the full year, KBR reported record net income of $302 million compared to $168 million in 2006. KBR also announced several new contract awards totaling over $250 million and the successful completion of projects in China, Nigeria, and Venezuela during the quarter.
The Compensation Committee Charter outlines the committee's purpose, organization, authority, and responsibilities. The committee is responsible for overseeing compensation of executive officers and directors, establishing compensation philosophy, reviewing and approving compensation of named executive officers, section 162(m) executives, and other senior executives. It also prepares an annual executive compensation report, engages compensation consultants, and conducts annual self-evaluations.
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.
SLM Corporation presented at the American Securitization Forum Conference on February 4-6, 2008. The presentation contained forward-looking statements and disclosures about non-GAAP financial measures. It provided an overview of SLM, including that it is the largest originator, servicer, and collector of student loans in the US, with a $164 billion portfolio that is mostly government guaranteed. The presentation also discussed SLM's recent events, new management, business fundamentals, competitive advantages in the student loan market, and strategies to focus on more profitable private and federal loans.
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.
This document is Tenet Healthcare Corporation's Form 10-Q filing for the quarterly period ended June 30, 2006. It provides financial information including the condensed consolidated balance sheet, statement of operations, and statement of cash flows for the periods. Some key details include that Tenet operates 70 general hospitals with nearly 18,000 beds across 12 states. For the quarter, the company reported a net loss of $398 million compared to a net loss of $33 million in the same period the prior year. Revenues were $2.2 billion for the quarter.
This document is a Form 10-Q quarterly report filed by Tenet Healthcare Corporation with the SEC for the quarter ended March 31, 2008. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, Tenet had net operating revenues of $2.37 billion, an operating loss of $9 million, and a net loss of $31 million. Cash flows used in operating activities were $133 million for the quarter.
18 11-2008 Mitsubishi UFJ Securities - Brazil Day Conference 2008 no Japão (s...Petrobras
Petrobras held its "Brazil Day" conference in 2008 to provide information on its operations and strategy. The presentation discussed Petrobras' financial results, corporate organization, integrated operations, and key upstream projects. It highlighted Petrobras' balanced vertical integration across exploration and production, refining, transportation and marketing. Recent major oil and gas discoveries off the coast of Brazil were also summarized, including the large pre-salt province containing the Tupi and Iara fields.
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. Terex aims to delight customers, attract top talent, and be the most profitable and responsive company in its industry. It has a diversified portfolio of equipment businesses and geographic presence.
Goodrich Corporation reported fourth quarter and full year 2008 results on February 4, 2009. The document discusses:
1) Forward-looking statements about future plans, objectives, and performance are based on reasonable assumptions but actual results may differ due to various risks and uncertainties.
2) The commercial aerospace industry faces challenges from the health of the global economy and airline industry, as well as demand for new and existing aircraft models.
3) Global passenger capacity growth has slowed as airlines cut capacity due to high fuel prices and declining demand, primarily by grounding older aircraft.
This document consists of an exam for the Cambridge International Examinations General Certificate of Education Advanced Subsidiary Level and Advanced Level in Business Studies. The exam contains two cases studies and related questions:
1. East Farm Wildlife Park (EFWP), a family business partnership, faces falling visitor numbers and needs to decide whether to expand. The expansion plans come with significant costs and risks.
2. Ganmor Cars is a small, private car manufacturer considering expanding its product line to include smaller, more fuel efficient family cars. It must determine how to produce these new cars while maintaining quality.
The document provides an overview and analysis of the offshore wind foundation market including foundation types, market forecasts, key players and opportunities. It analyzes trends in foundation demand by region and type and forecasts the size and value of the global foundation market out to 2020. The report is intended to help companies understand dynamics and opportunities in the growing offshore wind foundation industry.
General Motors-Events & Presentations 2008 Deutsche Bank Leveraged Finance Co...Manya Mohan
This document contains the presentation slides from Walter Borst, Treasurer of General Motors, at the 2008 Deutsche Bank Leveraged Finance Conference on September 24, 2008. The presentation discusses GM's focus on implementing its liquidity plan through cost reductions, asset sales, and capital markets activities in order to bolster its cash position. It also covers GM's outlook for improving performance after 2010 based on growth in emerging markets and investments in advanced technology.
Financial Analysis - OGX Petroleo e Gas Participacoes SA is an oil and gas…BCV
OGX Petroleo e Gas Participacoes SA is a Brazilian oil and gas exploration and production company. It has no revenue or employees yet as it is still in the exploration and production stage. The majority of its shares are owned by Brazilian institutions and individuals. Analyst ratings on the company are mixed, with around half recommending a buy and the other half recommending a hold or sell. Target price estimates range significantly from $1.80 to $17.63.
The document is a presentation by SLM Corporation (Sallie Mae) given on June 1-4, 2008. It provides an overview of Sallie Mae, discusses the US Department of Education's student loan liquidity plan, reviews trends in higher education, outlines Sallie Mae's business fundamentals, and addresses its liquidity and access to capital markets. The presentation also covers US government guaranteed and private education loan asset-backed securities.
This document is an SEC Form 10-Q/A quarterly report filed by Tenet Healthcare Corporation that provides restated financial results for the third quarter of 2005. It includes a condensed consolidated balance sheet, statements of operations and comprehensive income, and cash flows. Key details include:
1) The financial statements are being restated due to findings from an independent investigation into the company's accounting for contractual allowances.
2) In the condensed consolidated balance sheet, total assets decreased from $10.1 billion to $10 billion after restatement. Total liabilities increased from $8.4 billion to $8.6 billion.
3) In the condensed consolidated statement of operations, the net loss for the
This document provides notice of the Annual Meeting of Shareholders of Tenet Healthcare Corporation to be held on May 6, 2009. The purposes of the meeting are to elect ten directors for one-year terms, ratify the selection of Deloitte & Touche LLP as the independent registered public accountants for 2009, and consider any other business that may properly come before the meeting. Shareholders of record as of March 16, 2009 are entitled to vote at the meeting and may do so by completing and returning a proxy card, voting by telephone or internet, or voting in person at the meeting by withdrawing their proxy.
This document provides quarterly and year-to-date financial information for SLM Corporation. Some key details:
- For Q3 2007, SLM reported a net loss of $344 million (GAAP), compared to net income of $966 million in Q2 2007 and $263 million in Q3 2006. Core earnings were $259 million in Q3 2007.
- Total assets increased to $150.8 billion in Q3 2007 from $132.8 billion in Q2 2007 and $107.1 billion in Q3 2006, driven largely by growth in student loan portfolios.
- Average managed student loans increased to $156.1 billion in Q3 2007 from $152.3
This document summarizes KBR's business strategies and outlook. It discusses their upstream, government, services, and other business units. For their upstream business, LNG remains strong with prospects for new projects. They are well positioned for offshore growth. It also discusses the acquisition of BE&K and its integration and financials. KBR has a strong cash position and balance sheet to support future growth opportunities.
This document is Tenet Healthcare Corporation's annual report on Form 10-K for the fiscal year ended December 31, 2008. It provides information on Tenet's business operations, including that it operates general hospitals and related healthcare facilities in 12 states. It lists the specific hospitals owned or leased by Tenet in each state and other details such as number of beds. The report also discusses Tenet's strategies, acquisitions, divestitures, and new facilities. It provides an overview of Tenet's organizational structure and factors that affect its financial performance.
The document outlines the Compensation Committee Charter for Terex Corporation. It establishes the purpose, membership, responsibilities and authority of the Compensation Committee. The Committee is responsible for approving and evaluating executive compensation plans, reviewing and determining CEO compensation, overseeing regulatory compliance regarding compensation, and reporting on executive compensation for the annual proxy statement. It must include at least three independent directors, one also serving as Chairman of the Governance Committee. The Committee will meet at least quarterly.
KBR announced its fourth quarter and full year 2007 financial results. For the fourth quarter, KBR reported net income of $71 million compared to $43 million in the prior year quarter. However, income from continuing operations was $48 million compared to $45 million in 2006. For the full year, KBR reported record net income of $302 million compared to $168 million in 2006. KBR also announced several new contract awards totaling over $250 million and the successful completion of projects in China, Nigeria, and Venezuela during the quarter.
The Compensation Committee Charter outlines the committee's purpose, organization, authority, and responsibilities. The committee is responsible for overseeing compensation of executive officers and directors, establishing compensation philosophy, reviewing and approving compensation of named executive officers, section 162(m) executives, and other senior executives. It also prepares an annual executive compensation report, engages compensation consultants, and conducts annual self-evaluations.
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.
SLM Corporation presented at the American Securitization Forum Conference on February 4-6, 2008. The presentation contained forward-looking statements and disclosures about non-GAAP financial measures. It provided an overview of SLM, including that it is the largest originator, servicer, and collector of student loans in the US, with a $164 billion portfolio that is mostly government guaranteed. The presentation also discussed SLM's recent events, new management, business fundamentals, competitive advantages in the student loan market, and strategies to focus on more profitable private and federal loans.
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.
This document is Tenet Healthcare Corporation's Form 10-Q filing for the quarterly period ended June 30, 2006. It provides financial information including the condensed consolidated balance sheet, statement of operations, and statement of cash flows for the periods. Some key details include that Tenet operates 70 general hospitals with nearly 18,000 beds across 12 states. For the quarter, the company reported a net loss of $398 million compared to a net loss of $33 million in the same period the prior year. Revenues were $2.2 billion for the quarter.
This document is a Form 10-Q quarterly report filed by Tenet Healthcare Corporation with the SEC for the quarter ended March 31, 2008. It includes condensed consolidated financial statements and notes. The financial statements show that for the quarter ended March 31, 2008, Tenet had net operating revenues of $2.37 billion, an operating loss of $9 million, and a net loss of $31 million. Cash flows used in operating activities were $133 million for the quarter.
This document provides financial information for SLM Corporation for the fourth quarter and full year of 2008. It shows that on a GAAP basis, SLM had a net loss of $216 million for Q4 2008 and $213 million for the full year. However, using a non-GAAP "Core Earnings" measure, SLM had net income of $65 million for Q4 2008 and $526 million for the full year. The document also provides information on SLM's loan portfolios, average loan balances, financial position, and key operating metrics.
- Tenet Healthcare Corporation operates 101 general hospitals in the US with 25,116 beds across 15 states, as well as some international and specialty facilities.
- In 2003, Tenet announced plans to divest or consolidate 14 hospitals and in 2004 announced plans to divest an additional 27 hospitals to focus resources on 69 core hospitals.
- Tenet's hospitals offer acute care services and many offer tertiary services like transplant programs, with the goal of providing quality healthcare and competing effectively.
This document provides supplemental financial information for SLM Corporation for the first quarter of 2007. It includes key statements of income figures for the quarters ending March 31, 2007, December 31, 2006, and March 31, 2006. Net income for the quarter increased significantly from the previous quarter due to higher gains on student loan securitizations. The company's net income was also up compared to the same quarter last year, driven by growth in interest income from its student loan portfolios.
The document is the proxy statement for the Tenet Healthcare Corporation annual meeting of shareholders. It provides information on the date, time, and location of the meeting as well as the purposes which include electing nine directors, approving an amended stock incentive plan, and ratifying the selection of the independent accountants. Biographies are provided for each of the nine director nominees standing for election, including their current and past professional experience and board positions. The proxy statement solicits shareholders to vote and provides instructions on how to vote.
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.
Terex Corporation is a diversified manufacturer of equipment. It has leadership positions in aerial work platforms, cranes, material processing and mining equipment, roadbuilding and utilities equipment, and construction equipment. Approximately 75% of its 2007 sales came from markets where it has a significant presence. Terex aims to benefit from long-term trends in its industries and leverage its portfolio of product leaders.
Terex Corporation President Joseph Krider presented at a UBS Russia investor trip on November 20, 2008. The presentation discussed Terex's diversified portfolio of equipment businesses and leadership positions across categories. It highlighted the company's strategy and goals for growing in developing markets like Russia, where infrastructure investment remains a priority despite economic challenges. The presentation noted several major infrastructure projects moving forward in Russia, China, and Panama that would drive continued demand for Terex equipment.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is positioned for long-term trends in global construction and energy demand. It also notes that while the current economic environment presents near-term challenges, Terex has leading market positions and is taking actions to manage through the downturn such as reducing production and costs. Key long-term drivers for Terex's business are expected to be growth in developing markets and infrastructure and energy projects.
This document provides an overview of Terex Corporation and its business segments. It discusses how Terex is a diversified equipment company with balanced business and geographic segments. It notes that while the near-term outlook is challenging due to the economic slowdown, Terex is well-positioned for long-term infrastructure and energy trends. The summary outlines responses Terex is taking to address the current market conditions, such as production reductions and focus on operational improvements.
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 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.
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.
The document provides an overview of Terex Corporation and its business. It discusses Terex's vision, mission, and goals to delight customers. It notes that Terex has a strong and diversified global sales base, with profitability growing faster than net sales. Terex is the 3rd largest manufacturer of construction equipment in the world, with approximately 75% of sales generated in markets where Terex has a major presence or is a significant competitor.
The document provides an overview of Terex Corporation for investors attending a credit suisse conference. It summarizes Terex's strategic goals to achieve $12 billion in sales and 12% operating margin by 2010. It describes Terex's diversified business segments and their growth opportunities. Finally, it shows that Terex has among the highest returns on invested capital in the machinery industry.
The document discusses Terex Corporation, a manufacturer of construction equipment. It notes that Terex has experienced strong growth in sales and profitability in recent years. Terex has a diverse global sales base, with 70% of sales coming from outside the US. The document also outlines Terex's vision and mission statements, and positions Terex as the 3rd largest manufacturer of construction equipment in the world based on sales.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. Terex positions itself as a diversified equipment manufacturer with businesses in aerial work platforms, construction, cranes, materials processing and mining, and other areas. It aims to benefit from long-term infrastructure growth trends and have a leading market presence in its categories. The meeting will provide analysts with details on Terex's businesses, markets, and financial and operating goals.
This document provides an overview of an investment analyst meeting held by Terex Corporation. The agenda outlines presentations on Terex's strategic overview, financial update, business operations, developing markets, and individual business segments. The document discusses Terex's diversified portfolio across industries and geographies, positioning in long-term trends such as global construction and mining, and leadership in its product categories. Senior management is introduced who will provide details on each business segment and on leveraging the company as a whole. Goals for 2010 include improving financial and operational metrics.
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 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.
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.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
The document provides an overview of a European non-deal road show presentation by Terex executives. It introduces the executive team members participating in the road show and provides forward-looking statements about Terex's business outlook. The presentation discusses Terex's strategy of building a stronger, more profitable company through improved capabilities, diverse end market exposure, and a focus on returning strong returns on invested capital. It highlights Terex's positioning for attractive long-term growth opportunities through its product segments, geographies, and ability to deliver value to customers.
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.
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.
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.
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.
Terex will acquire Fantuzzi Industries, a global leader in port equipment, for €215 million. Fantuzzi has 2007 revenues of €447 million and provides a range of port equipment including straddle carriers, rail/rubber tired gantry cranes, reach stackers, and mobile harbor cranes. The acquisition will expand Terex's crane portfolio, provide exposure to new attractive end markets in infrastructure, and is expected to be accretive to EPS by the end of 2009. Fantuzzi has factories and sales offices globally and market leading positions in straddle carriers and reach stackers.
Terex will acquire Fantuzzi Industries, a global leader in port equipment, for €215 million. Fantuzzi has 2007 revenues of €447 million and facilities in Italy, Germany, and China. The acquisition provides growth in the infrastructure sector, diversifies Terex's crane portfolio, and leverages Fantuzzi's market leading positions in straddle carriers and reach stackers. Terex expects the deal to be accretive to EPS by the end of 2009 through sourcing and manufacturing synergies.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
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Clive Bolton, CEO, Life Insurance M&G Plc
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Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
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Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
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Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
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Understanding Ponzi Schemes
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terex Goldman110508
1. Goldman Sachs Global Industrials
Conference
November 5, 2008 Eric Nielsen
President,
Materials Processing & Mining
2. Forward Looking Statements & Non-GAAP Measures
The following presentation contains forward-looking information based on the current expectations of Terex Corporation.
Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and
uncertainties, many of which are beyond the control of Terex, include among others: our business is highly cyclical and weak
general economic conditions may affect the sales of its products and its financial results; our business is sensitive to
fluctuations in interest rates and government spending; the ability to successfully integrate acquired businesses; the retention
of key management personnel; our businesses are very competitive and may be affected by pricing, product initiatives and
other actions taken by competitors; the effects of changes in laws and regulations; our business is international in nature and
is subject to changes in exchange rates between currencies, as well as international politics; our continued access to capital
and ability to obtain parts and components from suppliers on a timely basis at competitive prices; the financial condition of
suppliers and customers, and their continued access to capital; our ability to timely manufacture and deliver products to
customers; possible work stoppages and other labor matters; our debt outstanding and the need to comply with restrictive
covenants contained in our debt agreements; our ability to maintain adequate disclosure controls and procedures, maintain
adequate internal controls over financial reporting and file its periodic reports with the SEC on a timely basis; the previously
announced investigations by the SEC and the Department of Justice; compliance with applicable environmental laws and
regulations; product liability claims and other liabilities arising out of our business; and other factors, risks, uncertainties more
specifically set forth in our public filings with the SEC. Actual events or the actual future results of Terex may differ materially
from any forward looking statement due to those and other risks, uncertainties and significant factors. The forward-looking
statements speak only as of the date of this presentation. Terex expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement included in this presentation to reflect any changes in
expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is
based.
Non-GAAP Measures: Terex from time to time refers to various non-GAAP (generally accepted accounting principles)
financial measures in this presentation. Terex believes that this information is useful to understanding its operating results
and the ongoing performance of its underlying businesses without the impact of special items. See the Investors section of
our website www.terex.com for a complete reconciliation.
2
3. Where We Are Today
Leader in Our Categories and Our Industry
Terex is one of the Largest Manufacturers of
Construction Equipment in the World
$31.6 Based on last twelve months of available Construction Equipment Sales ($’s in Billions)
$19.9
$10.4 $9.2 $8.7 $8.1
$5.3 $5.1 $4.8 $4.5 $4.4 $4.1
Caterpillar (1) Hitachi (3) Volvo Liebherr (7) Sandvik (10) CNH Global (8) Deere (5) JCB (7) Doosan (6)
(4)
Komatsu (2) Terex Oshkosh (9)
(7) Estimated, as these are privately owned companies:
(1) Represents Machinery sales for the last twelve months ended Sep 30, 2008; excludes
JCB: 2007 sales of GBP 2.25 billion converted at Dec 31, 2007 GBP/USD rate of
Engine and Financial Product sales.
1.9870
(2) Represents Komatsu’s Construction, Mining & Utility Equipment segment as of Sep 30,
Liebherr: 2007 Cranes/Mining/Construction sales of EUR 5.5 billion converted at Dec
2008 converted at an exchange rate of JPY/USD of 106.35
31, 2007 EUR/USD rate of 1.4598
(3) Exchange rate used as of Sep 30, 2008 of USD/JPY 106.35
(8) Represents CNH Global’s Construction Equipment Segment as of Sep 30, 2008
(4) Represents Volvo’s Construction Equipment segment as of Sep 30, 2008 converted at
(9) Represents Access & Commercial (both concrete & refuse trucks) for the 12 months
an exchange rate of USD/SEK 6.9252
ended Sep 30, 2008.
(5) Represents Deere’s Construction and Forestry segment as of July 31, 2008
(10) Represents Mining & Construction sales through Sep 30, 2008 converted at an
(6) Represents 2007 Construction Equipment sales of $1.5 billion converted at an exchange
exchange rate of SEK/USD 6.9252
rate at Dec 31, 2007 of KRW/USD 936.07 plus estimated 2007 bobcat sales of $2.9
billion
3
4. Segment and Geographic Diversification
Diversified Portfolio of Equipment Businesses
2007 Sales by Geography
2007 Sales by Segment
RBU
7%
Developing
AWP
Markets
25%
W. Europe
22%
Construction
37%
Japan / ANZ
21%
7%
USA /
Cranes
MP&M
Canada
24%
23%
34%
$ 9.1 B $ 9.1 B
$ 9.1 B $ 9.1 B
Balanced by business; Balanced geographically
4
5. Terex MP&M in Summary
• $2.6 B*provider of surface mining and aggregate equipment
solutions sold to mining, quarrying, and construction
customers worldwide
• Solid foundation of products, geographic presence and
team member talent
• Profitable growth from machinery and aftermarket business
• Undertaking actions to accelerate growth and better serve
our customers
* Last 12 months through September 30, 2008
5
7. Materials Processing & Mining Products
Mining
Mining Highwall
Surface
Trucks
Excavators Miners
Mining Drills
Top 3 Top 3 Top 3 #1
Parts/
Mobile Materials Static Materials
Tools
Processing Processing
#1 Technology High Margin
Industry leading range of equipment for construction, mining
and infrastructure industries 7
8. Annual Mining Equipment Industry of $20 B
Discontinuous Mining $B Continuous Mining $B
Bucket Wheel Excavators, etc. 2.0
Blast hole Drill 1.4
Surface Miners (Easy Miners) 0.2
Hydraulic Excavators 1.7
Electric Mining Shovel 1.3 Highwall Miners 0.1
Wheel Loaders (large) 0.5
Surface Trucks 2.5
Mining
Tractors (Dozers) 1.0
Draglines 0.3
(44%) 8.7 (12%) 2.3
Development & Production Drill (Ore) 1.5 Long wall Face Support 2.0
Load Haul Dump (LHDs Ore) 2.0 Long wall Face Conveyor (AFC) 1.3
Continuous Miner / Roadheader 0.6 Long wall Shearer 0.7
Underground Shuttle Car (Coal) 0.6
Mining
(20%) 4.7 (24%) 4.0
Focus is on highest value adding surface mining processes of drilling, digging, and hauling
8
2007 Data: International Press, Mining Companies, OEMs, Goldman Sachs; Analysis: RWTH Aachen, BGMR
9. Mining End Market Equipment Usage
Industry Terex
( Mining Trucks and Hydraulic Excavators)
( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders)
20054 Years
2005 Years avg
4 - 2008 - 2008 avg
Other,
Other,
16%
16%
Oil Sands,
Oil Sands,
1.3%
5% Coal, 38%
Coal, 46%
Iron Ore,
Iron Ore, 19%
13% Copper,
16% Gold, 11%
Gold, 11% Copper,
7%
• Market growth from $6 B to $ 9.6B over 3 • 85+ % of Terex mining equipment used by
years large multinational companies or large state
owned companies
• Equipment investment focused in surface
mining industry • Current offering well suited for metal and
coal production
• For China coal production, beginning of shift
from underground to surface mining • Focused penetration of oil sands underway
• Demand from developing world driving
investments in coal, iron ore, and copper
9
Source : Percentage of units shipped by end market, Parker Bay 2005- 2008, 2008 Data until June.
10. Mining Product Mix
Industry Terex
( Mining Trucks and Hydraulic Excavators)
( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders)
20054 Years
20054 Yearsavg
- 2008 - 2008 avg
Highwall
Miners, 2%
Drills, 17%
Drills, 13%
Wheel Tools, 4%
Loaders,
Tools, 20%
6% Trucks,
Electric 21%
Shovels, 1%
Hydraulic
Hydraulic
Excavators,
Excavators,
56%
15%
Trucks,
46%
• Industry leading performance and strong
• One loading tool is required for every three
global channel driving excavator sales
or four trucks
• Truck volume growing in line with channel
• Move towards hydraulic excavators due to
improvements
flexibility of electric or diesel power
• Addition of drills, tools, and high wall miner
depending on mine requirement.
business provides total solutions offering
• Tire capacity constraints has moderated
growth of large surface mining equipment
during past four years
10
Source : Parker Bay 2005-2008, 2008 Data until June.
11. Mining sales by region
Industry Terex
( Mining Trucks and Hydraulic Excavators)
( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders)
2005 -Years avg
4 2008
20054- Yearsavg
2008
Asia
Asia Australia/ 15%
Africa
Africa 6%
Indonesia 14%
10% 26%
Australia/
Indonesia
North
Europe 31%
America
North 9%
Europe
19%
America
Russia/CIS 2%
Latin
27% Latin 5%
America Russia/CIS
America
13% 7%
17%
• North America and Australia continue to be • Solid strength in largest mining equipment
significant markets for mining equipment markets
• Significant growth in Africa, Latin America • Increasing focus on growing Asia markets
and Asia • Opportunity to grow the business in
Americas through channel improvements
11
Source : Percentage of units shipped by end market, Parker Bay 2005-2008, 2008 Data until June.
12. Looking Forward
Roadbuilding and
Segment: Quarries/ Small Mines Large Mines
Construction Contractors
Mobile Materials Processing
MP&M Mobile Materials Processing
Offering:
Static Materials Processing
Static Materials Processing
Shovels and Trucks
Shovels and Trucks
Drills/ Drilling Tools
Drills/ Drilling Tools
Construction Equipment
Other Terex Construction Equipment
Offerings: Rigid and Articulating Trucks
Rigid and Articulating Trucks
• Leading solutions provider to targeted industries & applications
• Strength/consistency of global distribution, service & support
• Leverage opportunities across the Terex product portfolio
12
14. Market Environment for Mining
Key Trends
• New green field
Number of Mining Projects by Project Phase
projects
450
Pre-feasibiliy
Feasibility
400
• Focus on quick start ups
Under Construction
350
Expansion, Brownfield • Prefer to minimize CAPEX,
New Production Starts
e.g. no electrification
300
• Very well suited for hydraulic
250
excavators
200
• Shift towards larger
150
size machines
100
50
• Higher rate of production
0
• Lower cost per ton
2000 2001 2002 2003 2004 2005 2006 2007 2008
• Helps in overcoming the
Source: Raw Materials Group, Sweden
challenges of the shortage of
skilled operators
14
15. Market Environment for Materials Processing
Positioned for Continuing Long - Term Trends
GLOBAL RESIDENTIAL
GLOBAL NON-RESIDENTIAL $T
$T
CONSTRUCTION (REAL 2007 $)*
CONSTRUCTION (REAL 2007 $)* $7,000
$7,000
$6,000
$6,000
5.6 %
CAGR
$5,000
$5,000
4.4 %
-0.8 % CAGR
$4,000
$4,000
1.6 % CAGR
5.6 %
CAGR
CAGR
$3,000
$3,000 1.3 %
5.1 % CAGR
CAGR
$2,000 $2,000
$1,000
$1,000
$0 $0
'90'91 '92'93 '94'95 '96'97 '98'99 '00'01 '02'03'04 '05'06 '07'08 '09'10 '11'12 '13'14 '15'16 '90 '91'92 '93 '94'95 '96 '97'98 '99 '00 '01'02 '03 '04'05 '06 '07 '08'09 '10 '11'12 '13 '14'15 '16
Infrastructure Industrial Other Non-residential Total Residential
• Global growth in construction continues, despite weakness in US
• Construction driving high need for quarrying and aggregates
• Flexibility of mobile equipment is increasingly valued
15
* Source: Global Insights, July ‘07; 69 countries tracked by GI + 5% to account for rest of world … consistent with global GDP’s
16. Distribution & Aftermarket Priorities
OBJECTIVES
Installed base continues to grow,
• Strengthen Global Distribution driving aftermarket service
opportunities
– Raising the bar for standards
– Improving distribution capabilities
– Improved support for larger EXAMPLE: HYDRAULIC
EXCAVATOR INSTALLED BASE
customers
– Extend into new geographies
• Greater Aftermarket Participation
– Improve aftermarket capabilities
internally and in the channel
– Increase perceived value for Terex
branded parts & service
– Add/improve maintenance & service
capabilities
2002 2003 2004 2005 2006 2007
16
17. MP&M: Manufacturing Footprint
Crushing and
Crushing and
Screening
Screening
Products, UK
Products, UK
Drills, Crushing
Drills, Crushing Excavators
Excavators
and Screening
and Screening Germany
Germany
Equipments, USA
Equipments, USA
New Factory
New Factory
Excavators
Excavators
High Wall
High Wall Tianjin, China
Tianjin, China
Mining Trucks
Mining Trucks Miners, USA
Miners, USA
Acuna, Mexico
Acuna, Mexico
New Factory
New Factory
Crushing and
Crushing and
Screening
Screening
Products
Products
Hosur, India
Hosur, India
• Adding footprint in India (Materials Processing)
• Adding small excavator capability in China (Mining)
• Evaluating acquisitions to accelerate global progress
17
18. Hydraulic Excavators
• Superior mobility as compared to an
electric rope shovel
• Leadership position in electric drive
• Well suited for rapid mine start-ups
• Largest hydraulic excavator with
bucket size up to 50 cubic meters
• Hydraulic excavators beginning to
replace electric rope shovels
• Price range is ~ $1.5 - $16.0 million
with most popular about $9.0 million
Higher mobility provides greater flexibility in mining operations
18
19. Full Range of AC Drive Hauling Solutions
• Leadership position in high efficiency AC
drive trucks
• Higher up time
• Lower operating cost
• Higher payload
• Better operating performance compared
to mechanical drive in
• starting torque
• travel speed
• braking
• 120 ton to industry leading 400 ton
capacity AC electric drive trucks
• Price range is ~ $2.0 - $6.5 million, with
most popular about $3.0 million
Lower total cost of ownership and superior performance
19
20. Mobile Materials Processing
• Portable and maneuverable for
smaller spaces and between job
sites
• Minimizes need for transportation of
aggregate
• Low cost solution for meeting re-
use/recycling laws
• Attractive for larger operators in
times of market uncertainty due to
mobility between sites or ability to
use for a limited period of time and
then sell
• Price range is approximately $75,000
to over $600,000
Mobility and flexibility is highly desired by customers
20