Exhibit 99.2
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0000.gif)
James W. Griffith President & CEO |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0001.gif)
Fuel Efficient Solutions |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0002.gif)
Maintenance Solutions |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0003.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0004.gif)
Keys to Competitiveness Customer-driven innovation A focus on performance An adaptive management capability |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0005.gif)
Company at Glance $3.8 billion 2003 sales |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0006.gif)
Integration Cost Savings $28 million saved to date $80 million target |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0007.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0008.gif)
2003 Achievements $174 million in new products |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0009.gif)
2003 Achievements Market expansion in China |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0010.gif)
2003 Achievements Advanced Green Components joint venture |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0011.gif)
2003 Achievements 40% debt-to-capital ratio |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0012.gif)
2002 2003 Net Sales 2550 3788 2003 Results 2002 2003 EPS 0.87 0.67 |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0013.gif)
'03 Challenges '04 Opportunities Automotive manufacturing profitability Productivity improving 4th quarter |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0014.gif)
'03 Challenges '04 Opportunities Continued sluggish Industrial markets Industrial market recovery and global growth opportunities |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0015.gif)
'03 Challenges '04 Opportunities Steel raw material cost increases New surcharges and price increases |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0016.gif)
First Quarter 2004 |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0017.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0018.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0019.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0020.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0021.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0022.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0023.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0024.gif)
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0025.gif)
Keys to Competitiveness Customer-driven innovation A focus on performance An adaptive management capability |
![](https://capedge.com/proxy/8-K/0000950152-04-003001/l07117al07117z0026.gif)