Ex-99.1 Investor Presentation - SEC.gov | HOME Master Industries High Performance Racing Clutches Bell-Housings, Starters, Drive-Shafts NASCAR - 30% Sales; 45% Share Late Model, ASA,

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0000950152-02-009067.txt : 200212030000950152-02-009067.hdr.sgml : 2002120320021203163742ACCESSION NUMBER:0000950152-02-009067CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:95CONFORMED PERIOD OF REPORT:20021203ITEM INFORMATION:Financial statements and exhibitsITEM INFORMATION:FILED AS OF DATE:20021203

FILER:

COMPANY DATA:COMPANY CONFORMED NAME:HAWK CORPCENTRAL INDEX KEY:0000849240STANDARD INDUSTRIAL CLASSIFICATION:AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]IRS NUMBER:341608156STATE OF INCORPORATION:DEFISCAL YEAR END:1231

FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-13797FILM NUMBER:02847541

BUSINESS ADDRESS:STREET 1:200 PUBLIC SQ STE 30-5000STREET 2:STE 29-2500CITY:CLEVELANDSTATE:OHZIP:44114BUSINESS PHONE:2168613553

MAIL ADDRESS:STREET 1:200 PUBLIC SQUARESTREET 2:STE 29-2500CITY:CLEVELANDSTATE:OHZIP:44114-2301

FORMER COMPANY:FORMER CONFORMED NAME:HAWK GROUP OF COMPANIES INCDATE OF NAME CHANGE:19950417

8-K1l97538ae8vk.txtHAWK CORPORATION * FORM 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934

DATE OF REPORT: DECEMBER 3, 2002 (Date of earliest event reported)

HAWK CORPORATION (Exact name of registrant as specified in its charter)

DELAWARE 001-13797 34-1608156(State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number)

200 PUBLIC SQUARE, SUITE 30-5000, CLEVELAND, OHIO 44114 (Address of principal executive offices including zip code)

(216) 861-3553 (Registrant's telephone number, including area code)

ITEM 9. REGULATION FD DISCLOSURE

On December 3, 2002, Hawk Corporation made a presentation to investors andfinancial analysts. The presentation will be posted to the Company's website(www.hawkcorp.com) and a copy is also filed as Exhibit 99.1.

The presentation includes forward-looking statements that involve risks anduncertainties. These forward-looking statements are based upon management'sexpectations and beliefs concerning future events. Forward-looking statementsare necessarily subject to risks, uncertainties and other factors, many of whichare outside the control of the Company that could cause actual results to differmaterially from such statements. Actual results and events may differsignificantly from those projected in the forward-looking statements. Referenceis made to Hawk's filings with the Securities and Exchange Commission, includingits annual report on Form 10-K for the year ended December 31, 2001, itsquarterly reports on Form 10-Q, and other periodic filings, for a description ofthe foregoing and other factors that could cause actual results to differmaterially from those in the forward-looking statements. Any forward-lookingstatement speaks only as of the date on which such statement is made, and theCompany undertakes no obligation to update any forward-looking statement,whether as a result of new information, future events or otherwise.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits:

99.1 Hawk Corporation Investor Presentation

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,the registrant has duly caused this report to be signed on its behalf by theundersigned hereunto duly authorized.

Date: December 3, 2002 HAWK CORPORATION

By: /s/ Thomas A. Gilbride ----------------------------------- Thomas A. Gilbride Vice President - Finance and Treasurer

3

EXHIBIT INDEX

Exhibit Number Description- -------------- -----------

99.1 Hawk Corporation Investor Presentation

EX-99.13l97538aexv99w1.htmEX-99.1 INVESTOR PRESENTATION

Ex-99.1 Investor Presentation

Exhibit 99.1

HAWK Corporation

Investor Presentation

December 3, 2002

Overview

HAWK Corporation's History

HAWK Corporation

Heritage dating back to 1925

Headquartered in Cleveland, Ohio

Initial Public Offering 1998 (NYSE: HWK)

1,650 employees

16 manufacturing sites in 5 countries

HAWK manufactures highly engineered components used in avariety of end markets, including industrial, commercial, motorsports and aerospace applications

10 year avg. annual sales growth rate exceeds 24.3%

10 year avg. annual pro forma sales growth rate exceeds 6.8%

HAWK Profile

HAWK is comprised of four operatinggroups

Wellman Products Group

Hawk Precision Components Group

Hawk Motors Group

Performance Automotive Group

Performance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive GroupPerformance Automotive Group

Key Investor Highlights

Design, manufacture and market highly engineeredproducts, principally made from powder metals

Products used in wide variety of industrial, aerospace andconsumer applications

80% of sales derived from applications that are sole sourcedto diversified end markets with technical barriers to entry

30% of revenues generated from stable aftermarket

Leading market position with diverse markets and Blue Chipcustomer base

Positive and consistent cash flow

Management Structure

Hawk Corporation

Ron Weinberg - Chairman, Founder & CEO

Norm Harbert - Senior Chairman & Founder

Jeff Berlin - President & COO

Friction

Products

Steven J. Campbell

President

Precision

Components

Michael J. Corkran

President

Performance

Automotive

Christopher DiSantis

President

Motors

Timothy Hassett

President

Financial

Thomas A. Gilbride

VP-Finance

Joseph J. Levanduski

VP-Controller

Trends and Market Position

Industry Growth Trends and Positions

Leading position in Friction technology enablingglobal market share opportunities

Precision Component (PM and MIM) market growth,proprietary advances and global expansion

Trend by motor manufacturers to outsourcing

Growth of Motorsports and Performance Products

Business Strategies

Product Innovation and R&D

Powder Metal - Broader applications; conversion of otherapplications

Friction - World-class in paper, new applications

Global Manufacturing Strategies

Follow customer relationships

Take advantage of lower cost manufacturing locations

Strengthen world-wide aftermarket sales channels

Increase value-added strategies to customer

Component-part manufacturing and assembly

Six Sigma

Manufacturer Of Precision EngineeredComponents - No Room For Error!

Disciplined Process Improvement

Data-Based Decision-Making

Our Customers Will "Feel" Our ProgramThrough Improved Quality

Project Partnering With Customers

Training, Projects & Results

Pareto CTQ's

0

2

4

6

8

10

12

14

Time

CTQ

Target

Actual

Actual

Revenue Diversification

1996 to 2001

1996 Sales

$124 million

2001 Sales

$184 million

(1) Hawk Brake included in

performance market revenues

Revenues

By

Reporting Unit

Revenues

By

Markets

HAWK Customers

Worldwide leader providing engineered solutions

Brakes, clutches, transmissions,

and driveline components


Products:

Friction Materials

Stampings

Powder MetalParts

Components

Markets:

Aerospace

Truck

Construction

Agriculture

Recreation

2002 Performance Trend

Sales $M

EBITDA Margin

MSGraph.Chart.8

Leading supplier of precisioncomponents for industrial applications

Pumps, motors, transmissions,

brake systems, and other engineered

systems

Hawk Precision Components

Products:

Powder MetalComponents

Metal InjectionComponents

Markets:

Business Equipment

Lawn and Garden

Industrial

Agriculture

Telecom

Truck


Sales $M

EBITDA Margin

Hawk Motors

Designs and manufactures

die-cast aluminum rotors for:

Small electric motors used in

appliances, business equipment

Motors - manufacturing in Mexicoand elsewhere

Products:

Rotors & shafts

Motors

Generators

Services

Markets:

Appliances

Business Equip.

Power


Sales $M

EBITDA Margin

MSGraph.Chart.8

Performance Automotive

Manufacturer of high-performance brake, clutch and drivetrain applications

Gears, bearings, driveshafts,

bellhousings and starters

Products:

Gear boxes

Brakes

Clutches

Markets:

Motor sport

Performance Auto

Fleet

Fleet

Fleet

Fleet

Fleet


Sales $M

EBITDA Margin

MSGraph.Chart.8

Revenue History

(in millions)

EBITDA History

(in millions)

9 Month YTD Results

(in millions)

3rd Quarter Consolidated

YTD consolidated

Consolidated Balance Sheet


Company Profile

Worldwide leader providing engineered solutions for original equipmentmanufacturers in over 50 countries.

Brakes, clutches, and transmissions


Products:

Friction Materials

Stampings

Powder MetalParts

Components

Markets:

Aerospace

Truck

Construction

Agriculture

Recreation

Leading manufacturer of driveline & brakecomponents for the Construction equipment market.

Products: Clutch disc, wet & dry brake friction,

PM structural parts, & transmission discs.

Technology: Paper, Metallic & Graphitic (HDT)

& Steel stampings.

Applications: All forms of equipment used in

Construction, Mining & Earth Moving markets.

Key Customers: Caterpillar, John Deere,

CNH, Volvo, Allison, Hindustan,

Komatsu, ZF & Terex.


Product Leadership

Leading manufacturer of driveline & brakecomponents for the Agricultural equipment market.

Products: Clutch disc, wet & dry brake friction,

PM structural parts, & transmission discs.

Technology: Paper, Metallic & Graphitic (HDT)

& Steel stampings.

Applications: All forms of equipment used in

Agriculture & Farming markets.

Key Customers: John Deere, Clark Hurth,

CNH, Same Deutz Fahr,

Carraro & Titan Wheel.


Product Leadership

Leading manufacturer of driveline & brakecomponents for the Military equipment market.

Products: Clutch disc, disc brake friction,

transmission discs & brake rings.

Technology: Paper, Metallic,Graphitic (HDT)

Semi-Metallic & Steel stampings.

Applications: All forms of Military equipment

including Hummers, Tanks, Transports

& Aircraft Carriers (cable brake).

Key Customers: Allison, David Brown,

AM General & TRW.


Product Leadership

Leading manufacturer of steel brake friction for the globalAerospace market.

Products: Steel brake rings, cups & PM insulators.

Technology: Metallic Friction & Steel stampings.

Applications: Commercial & Military jets, small

multipurpose airliners and helicopters.

-Commercial: B737, B757, DC9, DC10, DC9, B727, MD80,

Canadair 100/200/700/900, L-1011 & Indonesian N-250.

-General Aviation: Learjet, Cessna, Beech, Pilatus, Falcon,

Metros, Saberliner & Fokker.

-Military: Blackhawk UH60, Apache, NH90, C-130, C-141,

T-45, A10, T-37 & AH Helo.

Key Customers: ABS, Goodrich, Parker Aerospace & Dunlop.


Product Leadership

Leading manufacturer of driveline & brakecomponents for the On-Highway truck & automotivemarkets.

Products: Clutch disc & buttons, disc brake pads,

PM structural parts, transmission discs & stampings.

Technology: Metallic, Organic, Graphitic (HDT)

Semi-Metallic & Steel Stampings.

Applications: Class 1 through 8 fleet vehicles

and performance automotive.

Key Customers: Eaton, Dana, Allison, Meritor,

TRW, AM General, DaimlerChrysler, Honda, Valeo,

Luk, SKF, Webb Wheel & Parker Hannifin.


Product Leadership

World-Class manufacturer of driveline & brakecomponents for the Powersport & Motorsport markets.

Products: Clutch disc, disc brake pads,

transmission discs & component assembly.

Technology: Metallic, Organic,

Semi-Metallic & Steel Stampings.

Applications: Motorcycle, ATV, Snowmobile

and all forms of automotive racing

(NASCAR, CART, SCCA & NHRA).

Key Customers: Hayes Brake, Harley Davidson,

Polaris, Bombardier, Brembo, AP Racing, Tilton,

Mazda, Nissan, Ford & Wilwood Engineering.


Product Leadership

Ontario, Canada

Orzinuovi, Italy

Chigisaki, Japan

(Licensee)

Suzhou, China

World Headquarters-Medina, OHAkron, Brook Park, and Solon, OH

Where We Are...

"World Cup" Global Presence, Local Service


Global Capabilities

Friction Material:

Five facilities on three continents.

Full line supplier.

Wet materials for brakes and clutches.

Bronze

Paper

Graphite

Carbon Cloth

Dry materials for brakes and clutches.

Aircraft Brake Materials

Ceramic Clutch Buttons

Sintered Metallic Brake Pads

High Performance Semi-Met

Organic Materials

Stampings:

Four facilities on three continents.

10 to 1000 Ton capability.

Progressive / Compound die technology.

Tool design and build.

Steel opposing plates.

Friction cores.

Other diverse applications.


Global Capabilities


Global Capabilities

WPG Component Assembly

Drive further up customer's bill of material.

World-Class labor contribution.

Six Sigma rigor.

Integrated strategic global sourcing.

Customer Benefits

Reduce customer cost of procurement.

Increased overall value.

"Power of the Package".


Global Vision

Our Number One Priority

TOP LINE,PROFITABLEGROWTH

Division Strategies

Build global sales/marketing organization/focus on key markets

Maintain product superiority

Expand into systems manufacturing

Continual upgrade of manufacturing equipment and processes

Upgrade organization to world class levels

Embrace six sigma philosophies for all business processes

Estimated $15 million of NPI.

Developed strong global organization.

Continued operational improvements.

Implemented Six Sigma successfully.

Improved customer relationships.


2002 Successes

New Products....

"Hawk Precision Components will earn

a leadership reputation everyday

as a nimble and value-driven team

delivering high performance

industrial component solutions

to global markets."

The Business ...

"Outsource" manufacturing of custom components

Hawk Precision designs nothing!

We build custom components to customer design

A wide range of component applications ...

Structural and pump gears

Tight tolerance pump gerotors

Piston pump and various

fluid power components

Engineered structural products for automotiveand heavy truck applications

Stainless steel parts

Lawn & garden, small tool and appliance parts

Helical gears

Multiple piece assemblies

The Business ...


Current core process technologies

Powder metal: high pressure powder compaction,sintering, detail machining - value prop is lower costthan alternative forming

Metal Injection Molding: "flow molding" like plastic, de-bind, sinter and detail machine - value prop is partcomplexity/cost

Molding or Compaction

122 Molding Presses

Size from 8-3000 ton

Multi Level Presses

MIM

MIMMIMMIMMIM

Furnace Sintering

Copper infiltration

High temperaturesintering

Sinter hardening

Sinter brazing

Steam treating

Steam treatingSteam treatingSteam treatingSteam treatingSteam treatingSteam treating

Finish Machining

Advanced CNC turning

CNC 4-axis machining

ID and OD grinding

Surface grinding

Fine grinding or flat honingof parts or completeassemblies

assembliesassembliesassembliesassembliesassembliesassembliesassemblies

The Business ...


Current core process technologies

Powder metal: high pressure powder compaction, sintering,detail machining - value prop is lower cost than alternativeforming

Metal Injection Molding: "flow molding" like plastic, de-bind,sinter and detail machine - value prop is part complexity/cost

Market drivers:

Globalization - primarily secondary: finished goods migration

Material science - intrusion of other materials & PM extension

New PM technology - advances in density, shape complexityand dimensional control

Diverse Served Markets

Where have we come from?

Allegheny

Clearfield

Helsel

Sinterloy

Hawk MIM

Independent successful enterprises!

Some teaming, but limited!

Where have we come from?

Optimized independently with unique "sweetspots"

Market attack was entrepreneurial and opportunistic

Hawk Precision Components

Allegheny Clearfield Division

- -Falls Creek Plant

- -Clearfield Plant

Helsel Sinterloy Division

- -Spring Grove Plant

- -Campbellsburg Plant

Hawk MIM Division

- -Solon Plant

Hawk Suzhou (PRC) to add PM in 2003

Business Model Transition

2000/1 - Hawk Powder Metal Group

A "Financial Consolidation" of independent, U.S.-focused powdermetal houses

Mold, sinter, finish machining, customer-focused

Little process or technology differentiation

Market space rapidly "commoditizing"

2002 - Hawk Precision Components Group

Strategy development/launch ... differentiate & reposition

Refined focus on true pool of competition and opportunity

Balanced integration of technology, operations, market/selling

Build team with strong existing core plus high performance recruits

Technology, operations and sales/market (direct and indirect)

"Creating" the Group

Allegheny

Clearfield

Helsel

Sinterloy

NetShape

Hawk Precision

Customer

Focus

&

Service

Leverage & Sell Group Competencies

Tighten

Cross-unit

Collaboration

"Balanced integration of "independent" component capabilities

to build critical mass"

Two Central Strategy Tracks

Differentiate & "de-commoditize" with technology

Focus on "best in class" part characteristics:

Density, Shape complexity, Dimensional control

Deploy a range of technology "tools" to differentiateHawk Precision capabilities

Globalize capabilities responding to market shifts

Add powder metal mfg to Hawk Suzhou in 2003

Follow on planned actions

European and Latin American presence 2004-06

Technology Tools

Powder MassFlow Systems

MultiLevel

Conventional

Press/Sinter

CNC Closed LoopControl Compaction

SingleLevel

High VelocityCompaction HVC

AdvancedLubrication

GearRolling

High VelocityRestriking HVR

Business Model Transition

2006 - Hawk Precision Components Group

Technology strategy has repositioned the business

"high-end" complex shapes and high density capability complementsconventional press and sinter business

Global reach with "integrated hubs" Asia, Europe andL. America supplementing U.S. core business

Engineering, manufacturing, sales and marketing regionally

Asia (China) in 2003 - focus is on local content for U.S./Europeanmanufacturers

Additional materials forming - potentially ceramics,engineered polymers, hybrids to expand servedmarket

Acquisition-based strategy component

2002 Performance Trends

Sales $M

EBITDA Margin

11%+ revenue growth over '01; abnormal seasonality

22%+ EBITDA growth over '01; '02 positive momentum

; 2Q&3Q up 21%

; 2Q&3Q up 125%

HAWK

MOTORS

Induction: 1-15,000HP

Synchronous: 1-15,000HP

Wound Rotor: 1-15,000HP

2pole - 40 pole

Generators

1-15 Megawatts

Synchronous Condenser Units

UPS Flywheel Systems

Rotors & Shafts

Sub-fractional Die Cast

Fractional Die Cast

Fabricated up to 15,000HP

Services

Tool,die & pattern design &manufacturing

Machining and fabrication ofAluminum & Steel components

MOTORS

CORE BUSINESS

CORE BUSINESSCORE BUSINESSCORE BUSINESSCORE BUSINESS

SUBFRACTIONAL

FRACTIONAL

INTEGRAL

ROTORS

MISSION: TO BE THE GLOBAL MOTOR INDUSTRY MANUFACTURING

SOURCE FOR DIE CAST AND FABRICATED ROTORS

MARKET SIZE: $15.5 BILLION

70% OF WORLDS POWER IS CONSUMED BYELECTRIC MOTORS

ELECTRIC MOTORSELECTRIC MOTORSELECTRIC MOTORS

Manufactures OEM designed

die-cast aluminum rotors for:

AC Electric motors used in

appliances, business equipment

Pumps, Fans, Compressors

Products:

Rotors & shafts

Custom Motors

Generators

Services

Markets:

Appliances

Business Equip.

Power Delivery

Water & Wastewater

Mining

Aftermarket

AftermarketAftermarketAftermarketAftermarketAftermarketAftermarketAftermarket

OEM PARTNERSHIPS

OEM PARTNERSHIPSOEM PARTNERSHIPSOEM PARTNERSHIPSOEM PARTNERSHIPS

2003

EMERSON: Motor Group $2.6B

Long term alliance signed with EMC.Supporting targeted plant moves from theUSA to Mexico and China Hawk Facilities

PRODUCTS

Sub fractional / Fractional / Integral

A MULTI MILLION DOLLARGROWTH OPPORTUNITY

2003

INVENSYS ( FASCO )

Agreement to outsource Sub-FractionalRotor business to Hawk motors.

PRODUCTS

Sub Fractional / Fractional

MULTI MILLION DOLLARGROWTH OPPORTUNITY

DC AND AC VARIABLE SPEEDMOTORS

HAWK / ASI Motors

2003

ASI ROBICON

Exclusive International distribution agreement forthe Americas. Joint Hawk/ASI label

PRODUCTS

Laminated frame AC/DC motor products

Market against GE, BALDOR, RELIANCE

Royalty agreement with Emerson gives Hawk / ASIEMERSON customer base

STRATEGIC VENTURES

STRATEGIC VENTURESSTRATEGIC VENTURESSTRATEGIC VENTURESSTRATEGIC VENTURES

CUSTOM AC MOTORS

CUSTOM AC MOTORS

CUSTOM ROTORS

CUSTOM ROTORS

CUSTOM TOOLS&PATTERNS

CUSTOM TOOLS&PATTERNS

Supplying Custom Motor Products and Solutions to specific target customers and Industries!

Product and Customer Focus!

Submersible: Cornell, YCC, MWI, PACO, ESSCO, GOULDS

Immersible: Cornell, YCC, Pentair

Mining: P&H, Mohler

Distribution: Addison, Motion Industries, WWG, Dietz, GES

Generators: Pantropics

Variable Speed: AB, Control Tech, Magnetek, ASI, Saftronics

OEM Partner: Emerson CIM

PUMP

APPLICATIONSMARKETS

Skilift, chairlift

and aircableway

POWER DELIVERY

FAN/COMPRESSOR

Cement and

ceramic industry

Rubber and plastic

OIL&GAS

SUMMARY

"THE" GLOBAL SOURCE FOR ROTORS TO THE MOTORINDUSTRY

TEAM WITH INDUSTRY LEADERS TO ENSURE LONGTERM GROWTH PLANS TO CORE BUSINESS

FOCUS ON HIGH MARGIN, NICHE CUSTOM MOTORMARKETS TO ENHANCE OVERALL OPERATINGMARGINS

LEADERSHIP POSITION IN APPLICATION AND PROCESSINNOVATION

INNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATIONINNOVATION

Overview

Business Description

Accomplishments

Major Initiatives

Financials

Tex Racing Enterprises

Primarily Racing Driveline Products

Transmissions, Rear Ends

Distributor For Hawk Performance and Quarter Master

NASCAR - Winston Cup, Busch Grand National,Craftsman Truck Series

Dominant Share - 55% Transmissions

Direct Selling To Teams


Customer Service Intensity

NASCAR Organization Relationship

NPI Acceptance

Strength - Top 10 Customers

Strong Market Fundamentals


2002

New Products Critical - Lighter, Faster, More Reliable

NPI Roll-Out Successful - New Transmission, Drive-Shaftand Rear End Products

Hawk Performance Brake Pads First

Cup Win At New Hampshire - Penske

Consistent Growth Business


2003

NPI - New Transmission For NASCAR; Low CostVersion For New Markets

Inventory Management Intensity

New Business #42 and #60

Conversion Of Other Teams

Growth Pace With NASCAR

Quarter Master Industries

High Performance Racing Clutches

Bell-Housings, Starters, Drive-Shafts

NASCAR - 30% Sales; 45% Share

Late Model, ASA, IMCA, Others - 60% Sales

Short Track - Grass Roots Racing / Dominant Player; UpTo 85% Share In Many Late Model Series


Direct Selling To Teams, Distributors & EngineBuilders

Strong Brand Identity

Winning Record

Product Performance & Reliability

Ability To Engineer Solutions


2002

Rebuilding Year

Setting Up For Success

New Management Team

Restructured Pricing

New Sales Policies

Momentum In NPI - Trade Show Debut


2003

New Market Penetration - Street / Strip

Aggressive NPI Deployment

Racer Focused Advertising Campaign

Global Sourcing / Manufacturing Cost Out

Increased Track Presence

LT Consistent Earnings Growth Sustainable

Financials YTD 9/30/02 YTD 9/30/01 Sales 10,067 10,215 Growth (1.4%) Gross Margin 3,317 3,081 Growth 7.7% EBITDA 1,216 1,072 Growth 13.4%

Long-Term Outlook

Well Positioned in Industry Niches

Focused Management Team with Clear Strategies

Long Term Growth Targets

Revenue - High Single Digits

EBITDA - Low Double Digits

Economy - Predict "tail wind" effect if economicrecovery takes hold

GRAPHIC4l97538al97538z0001.gifGRAPHIC

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Ex-99.1 Investor Presentation - SEC.gov | HOME Master Industries High Performance Racing Clutches Bell-Housings, Starters, Drive-Shafts NASCAR - 30% Sales; 45% Share Late Model, ASA,