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Driving Force Q4 2009 Status and Outlook Oslo, 12.02.2010 Highlights Q4 Highlights 4th quarter Revenues above indications for Q4 09 (MEUR 177 vs MEUR 165) Revenues up 13 % from Q3 09 and in line with Q4 08 EBITDA adjusted for one-off effects MEUR 9.5

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slide1

Driving Force

Q4 2009

Status and Outlook

Oslo, 12.02.2010

highlights q4
Highlights Q4

Q4 2009 Results

highlights 4th quarter
Highlights 4th quarter
  • Revenues above indications for Q4 09 (MEUR 177 vs MEUR 165)
  • Revenues up 13 % from Q3 09 and in line with Q4 08
  • EBITDA adjusted for one-off effects MEUR 9.5
  • EBITDA improved by MEUR 13 compared to Q4 08
  • Adjusted EBITDA margin improved to 5.4 % from 3.5 % in Q3 2009
  • Positive cash flow from operations in Q4 09
  • Improved liquidity and capital structure
  • Stronger integration of Power Products System

Q4 2009 Results

highlights 2009
Highlights 2009
  • Positive EBITDA and cash-flow from operations despite extreme market conditions
  • Many and significant new orders
  • Maintained focus on market and R&D
  • Improved the capital structure and reduced cost level – well positioned to take advantage of new opportunities
  • Positive support from all stakeholders

Q4 2009 Results

ebitda per quarter ka group
EBITDA per quarter KA Group

Adjusted margin

5.4%

Q4 08 Q1 09 Q2 09 Q3 09 Q4 09

Q4 2009 Results

net working capital in of revenues
Net working capital in % of revenues

NWC ratio improved despite increased sales

Q4 2009 Results

cash flow 4th quarter 2009
Cash flow 4th quarter 2009

Positive effect

Negative effect

Q4 2009 Results

available funds end of 4th quarter
Available funds end of 4th quarter

Improved liquidity situation

Q4 2009 Results

p l 2009
P&L 2009
  • Positive EBITDA for full year 2009
  • Financial items 2009 positive due to currency effects

Q4 2009 Results

balance sheet
Improved equity ratio from 12.1 % to 23.4 %

Improved cash balance by MEUR 60.1 In addition to reducing the utilization of credit facilities by MEUR 32

Net interest bearing debt reduced by 148 MEUR

Balance sheet

Q4 2009 Results

automotive systems
Automotive Systems

Adjusted margin

4.6%

Q4 08 Q1 09 Q2 09 Q3 09 Q4 09

Q4 2009 Results

commercial vehicle systems
Commercial Vehicle Systems

Adjusted margin

9.3%

Q4 08 Q1 09 Q2 09 Q3 09 Q4 09

Q4 2009 Results

power products systems
Power Products Systems

Adjusted margin

5.1%

Q4 08 Q1 09 Q2 09 Q3 09 Q4 09

Q4 2009 Results

outlook
Outlook

Q4 2009 Results

q4 new business wins
Q4 new business wins

Announced orders

Average annual sales (MEUR)

DATE/SEGMENT CATEGORY MEUR

Contract value

15/10 Heavy Truck Air brake and air suspension 25

04/11 Passenger Car Shift tower with integrated

start/stop function 65

11/11 Passenger Car Arm Rests 4

20/11 Passenger Car Seat Heat 22

26/11 Heavy Truck Seat Heat and Seat Support 6

10/12 Passenger Car Seat Support (pneumatic) 24

146

01/02 KONGSBERG AUTOMOTIVE HAS SECURED ITS BIGGEST ORDER WITHIN THE DRIVELINE SEGMENT WITH A CONTRACT VALUE OF 100 MEUR

Q4 2009 Results

md hd commercial vehicle production
MD+HD commercial vehicle production

Tot

Asia

(Jp/Kr/Ch/In)

Europe

North A

RoW*

South A

Source: J.D.Power

Q4 2009 Results

car production csm data
Car production, CSM data

Mill

Tot

AP

Europe

NA

RoW*

Source: CSM

*RoW: South America and Middle East/Africa

Q4 2009 Results

the dawn of a new automotive decade pwc 01 2010
“The dawn of a new automotive decade” (PwC 01/2010)

Car production outlook by region

2008-2010 (Millions). PwC forecast.

Q4 2009 Results

slide22

Q&A

Q4 2009 Results