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Superior Industries International 1 st Quarter 2009 Results

Superior Industries International 1 st Quarter 2009 Results. Earnings Conference Call May 8, 2009. Forward Looking Statements.

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Superior Industries International 1 st Quarter 2009 Results

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  1. Superior Industries International1st Quarter 2009 Results Earnings Conference Call May 8, 2009

  2. Forward Looking Statements Any forward-looking statements made in this web cast are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially because of issues and uncertainties that need to be considered in evaluating our financial outlook. We assume no obligation to update publicly any forward-looking statements. Issues and uncertainties that are of particular significance at this time relate to global competitive pricing, customer financial stability, customer schedule volatility, potential declines in the production of cars and light trucks, and the successful completion of our strategic and operating plans. Please refer to the company’s SEC filings, including our Annual Report on Form 10-K, for a complete write-up on forward-looking statements and risk factors.

  3. Lowest quarterly volume sales level since 1992 Units were 55% lower than prior year Revenue was 63% lower, including reduction in aluminum pass-through Prolonged shutdowns announced by GM Chrysler declared bankruptcy April 30 Closure of Van Nuys, California facility, announced January 2009 to be completed June 2009 Significant Events of Q1 2009 & Subsequent

  4. Deferred Tax Asset Valuation $25.3M Impairment of Fayetteville Production Assets $8.9M Gas Contracts mark-to-market Update to Pittsburg and Van Nuys Contracts $442K Arkansas Gas Contracts $3.4M Severance totaled $2.3M Adjustments Taken Q1 2009

  5. Generated positive cash flow from operations of $23M during the quarter AR collections stable during Q1; Reduced by $24M from year-end, mainly due to lower sales Improved Aging - Reserve for Bad Debts reduced by $900,000 Chrysler (U.S., Canada & Mexico) receivable on May 1, 2009 was $10M Maintained strong current ratio of 4.9:1 at March 29, 2009 Balance Sheet Cash Balance Increased by $16M in Q1 2009

  6. Historical North American Production and Superior Shipments

  7. 1st Quarter Overview Unaudited

  8. Non-Operating Items Impacting Q1 2009 Profitability Unaudited

  9. Summary Balance Sheets Unaudited

  10. Summary Cash Flow Statements Unaudited

  11. Volumes were shockingly low in Q1 2009 Market conditions not expected to improve near-term Swift action to reduce costs – continue to evaluate “the right size” In this environment, “Cash is King” Conclusion We are positioning for the future!

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