EX-99.1 3 dex991.htm INVESTOR PRESENTATION, JULY 17, 2008 Investor Presentation, July 17, 2008
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Annual Shareholder Meeting
Annual Shareholder Meeting
July 17, 2008
July 17, 2008
Tom Saeli –
Chief Executive Officer
Exhibit 99.1

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Noble International in a Changing Environment
Noble Transformation
Industry Trends and Challenges –
How Noble Responds
ArcelorMittal
Relationship

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Who are we?
World’s largest supplier of Laser Welded Blanks (LWB)
Leading supplier of Roll Formed products
Global footprint
23 manufacturing facilities in 12 countries spanning 4 continents
Designs and builds custom-made Laser Welding systems

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Recent Growth Focused on Diversification
$0
$200
$400
$600
$800
$1,000
$1,200
1986
1990
1995
2000
2005
2007
Develop North American
LWB Market and Customers
Globalization &
Diversification

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Global Footprint
(4 in Michigan)

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Detroit 3
83%
Other
17%
Customer Diversification
No single customer is > 17% of Noble’s
annual revenue.
Before Combination
Today
Source:  Company Management
Nissan-Renault
6%
Peugeot (PSA)
13%
Volkswagen
15%
Ford (EU)
6%
Other
9%
Detroit 3
47%
GM (EU)
4%

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Geographic Diversification
Today
Source:  Company Management
Noble’s revenue base is spread evenly
between North America & Europe.
USA
67%
Canada
19%
Mexico
11%
Other
3%
Europe
45%
USA
36%
Canada
11%
Mexico
6%
Other
2%
Before Combination

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Platform Penetration
2007 Production
Noble
Nameplate
(units)
Content
1
Chevrolet Silverado
549,139
     
2
Ford F-Series Lt. Duty
509,510
     
3
Toyota Camry
447,934
     
4
Honda Civic
402,406
     
5
Honda Accord
382,654
     
6
Toyota Corolla
359,491
     
7
Nissan Altima
338,609
     
8
Chevrolet Impala
315,114
     
9
Ford F-Series Super Duty
294,517
     
10
Volkwagen Bora
272,054
     
11
Toyota Tundra
240,101
     
12
Chevrolet Cobalt
226,314
     
13
Ford Escape
209,774
     
14
Dodge Caravan
209,135
     
15
Dodge Ram Pickup Heavy Duty
207,389
     
16
GMC Sierra
203,478
     
17
Dodge Ram Pickup Lt. Duty
198,224
     
18
Honda Odyssey
196,043
     
19
Toyota Tacoma
192,425
     
20
Ford Focus
191,115
     
Source:  Automotive News Data Center and Company Management
Top 20 light vehicles in the United States
2007 Production
Noble
Nameplate
(units)
Content
1
Ford Focus C307
529,461
     
2
Volkswagen Golf VW350/360
501,572
     
3
BMW 3 Series E90
498,843
     
4
Opel Astra A3300
488,642
     
5
Peugeot 207 A7
482,911
     
6
Opel Corsa S4400
479,375
     
7
Ford Fiesta B256/B257
426,865
     
8
Volkswagen Passat VW461/2
395,493
     
9
Renault Clio BC85
351,074
     
10
Fiat Grande Punto 199
339,737
     
11
Volkswagen Polo VW240
329,665
     
12
Audi A4 AU461/2
282,640
     
13
Renault Megane X84
280,435
     
14
Renault Scenic J84
268,519
     
15
Toyota Yaris 970M/980M
263,203
     
16
Fiat New Panda 169
260,695
     
17
VAZ 2104 Range
254,612
     
18
Ford Transit V347/348
243,312
     
19
BMW 5 Series E60
237,356
     
20
Mercedes-Benz C-Class W204
235,623
     
Source:  Automotive News Data Center and Company Management
Top 20 light vehicles in Europe
Noble supplies 70% of the top 20 light vehicle platforms in
North America & Europe.

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Automotive Industry:
Trends & Challenges

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Auto Industry Evolution
Competitive and regulatory pressure to build lighter but safer vehicles
CAFE standards
Crash standards
Emission standards / environment concerns
Rising commodity prices
Steel prices
60% over the past four years
Fuel prices
OEMs producing more global platforms
One design produced in multiple locations around the world
Requirements of suppliers with a global footprint
Noble’s products and technologies address the
automotive industry’s challenges.

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Mega Global Platforms
Definition
A common design manufactured in more than one region of the world
More than one million vehicles produced per year
Mega Global Platforms growing at 7.3% annually; all other vehicles at 2.4%
All Other
Platforms
74%
Global Platforms
26%
Global Platforms
30%
All Other
Platforms
70%
2008
2013
Growth
in
Mega
Global
Platforms
will
increase
need
for
global suppliers.

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Global Vehicle Production (72M Expected for 2008)
10%
10%
22%
22%
15%
15%
22%
22%
9%
9%
22%
22%
% Today’s
Total
11%
11%
Rest of World
17%
17%
North America
10%
10%
Japan
38%
38%
Asia/Pacific    
(excluding Japan)
10%
10%
Eastern Europe
14%
14%
Western Europe
% Total in
2022
15 Year 
Trend
Region
Growth will occur in Asia/Pacific (excl. Japan) and
Eastern Europe.
Source:  JD Power & Associates

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North American Environment Extremely Challenging
Weak Economy
Fuel prices, banking issues, unemployment trends        Less auto demand
generally, in particular for SUVs and Trucks
Weak economy hurts GM, Ford, Chrysler turnaround plans
GM July 15
announcement to generate $15 Billion in cash through 2009:
Personnel reductions, change in retiree benefits, delayed UAW payments
Further reductions in Truck volumes
Reduced discretionary sales/marketing spending
Suspended dividend
Capital spending reductions
Tighter working capital management
th

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19.1% Reduction
31.1% Reduction
2008 North American Light Vehicle Production
8
9
10
11
12
13
14
15
16
17
18
Qtr1-
05
Qtr2-
05
Qtr3-
05
Qtr4-Qtr1-
05
06
Qtr2-
06
Qtr3-
06
Qtr4-
06
Qtr1-
07
Qtr2-Qtr3-
07
07
Qtr4-
07
Qtr1-
08
Qtr2-
08
North America
"Big 3"

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Noble Negatively Affected by Regional Volatility
Automotive Production 2008 v. 2007
Europe:
Overall volumes up slightly, particularly in Eastern Europe.
Asia:
Noble’s active markets, particularly China and India, up over 13%.
North America:
Production volumes volatile.
2008 original projections of 15.3M units.
Production volumes now projected at 13.9M units.
Largest volume declines from Ford, GM and Chrysler.
Reduces
Noble
North
America
revenues
by
<
$100M
compared
to
2007.

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Noble Responding Aggressively to Market Conditions
Conserving Cash
Dividends suspended -
$7.6M annual savings
Capital spending reduced through launch activity
Cash Generation -
<
$30M YTD
Sale
of
non-core
assets
(i.e.
SET
Enterprises)
-
$3.5M
Working capital management (inventory, past due AR)
Plant Rationalizations -
<
$11M annualized savings in 2009
Closure of two US facilities
Restructuring of two contract manufacturing operations in Europe
Operating Efficiencies (scrap, quality, labor, etc.) -
<
$12M savings in 2009
Overhead Reductions -
$1.5M annualized YTD
Investing in Growing Markets & Opportunities (i.e. China, Thailand, India, Slovakia)
Management Focused on Cash Generation, Expense Reduction.

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ArcelorMittal
& Noble International

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ArcelorMittal Snapshot
Largest steel company in the world
Operations in 60 countries
2007 financial information
$105 billion of revenues
$19.4 billion of EBITDA
#1 market share in every region of the world except Asia
Automotive R&D spend of $65 million per year
World’s #1 steel company is Noble’s strategic
partner and largest shareholder.

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ArcelorMittal Relationship Timeline
August 2007
ArcelorMittal
becomes a 40% shareholder in Noble via Tailored Blank Arcelor
transaction.
March 2008
ArcelorMittal
invests additional $50 million in Noble via convertible notes.
Five year term; 6% fixed coupon; conversion floor of $10.40 per share.
April 2008
ArcelorMittal
acquires additional 2.4 million shares from Noble’s founder and
then Chairman, Robert Skandalaris.
As a result, ArcelorMittal’s
ownership stake increased to <49.4%.
If conversion was exercised on convertible notes, ownership stake would be <58.5%.
May 2008
ArcelorMittal
invests additional €20 million in Noble via subordinated note in
Europe.

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Benefits of ArcelorMittal
/ Noble Relationship
Combined
Research &
Application
Development
UHSS, Usibor®,
Ductibor®
Steel
Supply
Diverse
Customer
Base
Leading
Market Share in
North America,
Europe & China
Financial
Stability
Global Sales
Network
Combined
Research &
Application
Development
UHSS, Usibor®,
Ductibor®
Steel
Supply
Diverse
Customer
Base
Leading
Market Share in
North America,
Europe & China
Financial
Stability
Global Sales
Network