1 Select Career Opportunities Orientation Program September 21, 2004 2 Since Headquartered in Toledo, Ohio Quality and Excellence Continue 3 Dana - Today 2003 Sales.$7.9 Billion People.45,000 Major Facilities..265 Countries.30 4 Strong Customer Relationships 11% Other 69% 11% 9% Non-US based OEMs are composing an increasing percentage of Danas revenue Data as of Dec. 31, 2003 5 Automotive Systems 6 Commercial Vehicle 7 Off - Highway Aftermarket 9 Recent Developments Fought off a hostile takeover attempt by rival supplier Arvin Meritor New Chairman and CEO, Michael J. Burns and CIO, Bruce Carver Announced the sale of Aftermarket business to The Cypress Group 10 Challenges Facing the Automotive Industry Steel Surcharges u $1.75 Billion spent on steel annually u 5% increase could hit 2004 earnings by as much as 11 cents/share Fuel Surcharges u Rising freight costs Inflating Inventory Levels u Could lead to production cuts at automakers 11 Keys to Future Success Streamline Purchasing u Spent $6 Billion in parts and material in 2003 Strong Heavy Vehicle Truck Market u Surged in 2004 as a result of the economic recovery 12 13 Based on: Dana Style Trust Respect Involvement and accountability Commitment Open-mindedness Continuous improvement 14 Two Ideas Per Person, Per Month Ideas Program 15 40 Hours Per Person, Per Year Educate 16 Based on Performance Promote From Within 17 for Your Own Career Responsible 18 Financial Management Training Program Two years at a manufacturing facility One to two years on the audit staff 19 General Requirements B.S. in Finance or Accounting GPA of 3.3 in major; 3.0 overall Communication Skills 20 at Dana Internal Audit Training future leaders of Dana 21 What Auditors Do? Learn how a process works Test to understand reality Identify opportunities for improvement 22 Audit Experience Learn different way of doing things Broaden view of Danas products/processes Observe different management styles Business contacts 23 Manufacturing-training Learn Danas accounting system Experience manufacturing life Learn about meeting customer expectations 24 Typical FMT Career Path Manufacturing Trainee Corporate Internal Auditor Plant Controller Division Controller Group Controller SBU Controller 25 Strengths of Danas Program High Corporate Visibility Acceptance in the Company Defined Career Path Broad Learning Experience 26 Questions?