Third Quarter 2016 Earnings Conference Call October 27, 2016 · This webcast and presentation contain statements that are forward -looking statements within the meaning of the Private

Third Quarter 2016Earnings Conference CallOctober 27, 2016

Non-GAAP Financial Measures and Forward-Looking Statements

Forward-Looking Statements

This webcast and presentation contain statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not relate solely to historical or current facts and can generally be identified by the use of future dates or words such as "may," "should," "could," “will,” "expects," "seeks to," "anticipates," "plans," "believes," "estimates," "intends," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements also include, but are not limited to, the 2016 outlook included herein, and the Company’s strategic and operational initiatives, including the resolution of operating inefficiencies, product mix and overall cost improvement and are based on current expectations, estimates, and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, risks, and uncertainties discussed in the Company's Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year-ended December 27, 2015, Quarterly Reports on Form 10-Q and other reports from time to time filed with the Securities and Exchange Commission. You are cautioned not to unduly rely on such forward looking statements when evaluating the information presented in this press release. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this webcast and presentation.

Use of Non-GAAP Financial MeasuresIn addition to the results reported in accordance with GAAP included throughout this presentation, this presentation refers to “Adjusted EBITDA,” which we have defined as earnings before interest, taxes, depreciation, amortization, restructuring charges and impairments of long-lived assets and investments and “Value-Added Sales,” which we define as net sales less pass-through charges primarily for the value of aluminum. Adjusted EBITDA as a percentage of value-added sales is a key measure that is not calculated according to GAAP. Adjusted EBITDA as a percentage of value-added sales is defined as adjusted EBITDA divided by value-added sales.

Management believes the non-GAAP financial measures used in this presentation are useful to both management and investors in their analysis of the Company’s financial position and results of operations. Further, management uses these non-GAAP financial measures for planning and forecasting future periods. This non-GAAP financial information is provided as additional information for investors and is not in accordance with or an alternative to GAAP. These non-GAAP measures may be different from similar measures used by other companies.

For reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP, see the appendix of this presentation.

Value-added sales and adjusted EBITDA are non-GAAP financial measures. In reliance on the safe harbor provided under section 10(e) or Regulation S-K, we have not quantitatively reconciled differences between adjusted EBITDA presented in our 2016 Outlook to net income, the most comparable GAAP measure, as Superior is unable to quantify certain amounts that would be required to be included in net income without unreasonable efforts and due to the inherent uncertainty regarding such variables. Superior also believes that such a reconciliation would imply a degree of precision that could potentially be confusing or misleading to investors. However, the magnitude of these amounts may be significant.

2

$87.9

$98.8

$70.0

$80.0

$90.0

$100.0

$110.0

Q3 '15 Q3 '16

$175.7 $175.6

$150.0

$160.0

$170.0

$180.0

$190.0

Q3 '15 Q3 '16

$0.19

$0.23

$0.16

$0.18

$0.20

$0.22

$0.24

Q3 '15 Q3 '16

2,778

2,912

2,500

2,650

2,800

2,950

3,100

Q3 '15 Q3 '16

Net Sales($ in Millions)

0%

Third Quarter 2016 Summary Financial Highlights

+5%

Units

(in 000s)

Value-Added Sales(1)

($ in Millions)+12%

3

Earnings Per Share

+21%

(1) Value-added sales is a non-GAAP measure defined as net sales less pass-through charges, primarily for the value of aluminum; see appendix for reconciliation to net sales

Third Quarter Operating Inefficiencies

4

• Lower production rates at one of the Company’s five manufacturing facilities• Negative impact of equipment reliability issues and power outages• Lower production yields incurred on certain newer programs and more

broadly due to equipment reliability issues

• Operating issues reduced inventory levels• 3Q16 incremental costs related to inefficiencies estimated at $10.4M

$5.9M - Expedited Freight

$4.4M – Other operating cost inefficiencies

Action Plan

5

• Working with customers to meet delivery schedules• Increased maintenance to address equipment reliability issues• Expedited certain capital investments to alleviate production bottlenecks

and also address equipment reliability

• Fully dedicated internal resources and hired external consultants to improve operating processes

• Moved some production volume to other facilities• Expedited Chinese manufacturing partnership to leverage additional

capacity

Third Quarter Unit Shipments Outpacing Market Growth

6

Year-over-Year Shipments Up 4.8%o Key program increases: Malibu +225K, K2XX +99K, Sentra +68K,

Kicks +62K, Altima +55K, Highlander +35K, Tacoma +34K

o New volume: Malibu, Sentra and Kicks

o Partially offset by declines in certain programs: F Series (191K), SRX (94K), Town and Country

(92K), Fiesta (42K), Escape (40K), Fusion (38K)

Sequential Shipments Down (5.2%)o Key program increases:

Altima +50K, K2XX +34K, Kicks +33K, Malibu +18K, Journey +16K, Traverse +15K

o Offset by declines in certain programs: F Series (150K), Fusion (47K), Ram (29K),

Fiesta (23K), Focus (21K)

3Q16 unit shipments increased by 4.8% y-o-y, outperforming North America production growth of 1.7%

3Q16 3Q15 % Change (y-o-y) 2Q16% Change

(q-o-q)NA Light Vehicle Production

(Thousands of Vehicles) 4,413 4,341 1.7% 4,617 (4.4%)

Superior Shipments (Thousands of Wheels) 2,912 2,778 4.8% 3,071 (5.2%)

Valued-AddedSales$87.9

Valued-AddedSales$98.8

Aluminum$75.9

Aluminum$69.7

Upcharges$11.8

Upcharges$7.1

$7.8 $4.6 ($0.9) $2.5 ($14.1)$175.7 $175.6

$0

$50

$100

$150

$200

Net Sales: 3Q15 Volume Price / Mix FX Impact Other Aluminum Content /Pass-Through

Upcharges

Net Sales: 3Q16

Third Quarter Sales Comparison Year-over-Year($

in M

illion

s)($

in M

illion

s)

7

$4.7 $4.6 ($0.9) $2.5

$87.9

$98.8

$70

$80

$90

$100

$110

Value-Added Sales:3Q15

Volume Price / Mix FX Impact Other Value-Added Sales:3Q16

Net Sales

Value-Added Sales

$17.1

$13.8

$5.2

$2.4 $0.1 ($13.3)

$2.4 ($0.2 )

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

AdjustedEBITDA 3Q15

Volume / Mix FX Impact Metal CostPerformance

Corp. Expense/ SG&A

Other AdjustedEBITDA 3Q16

($ in

Mill

ions

)Third Quarter Adjusted EBITDA ComparisonYear-over-Year

• Volume / Mix – Volume benefit with 134K unit increase. Favorable mix on larger wheels, with 51% increase in wheels 19” or greater

• FX Impact – Reflects 3Q16 average Peso rate devaluation against USD (18.7 in 3Q16 vs. 16.4 in 3Q15)*

• Cost Performance – Primarily driven by $10.4M of operating inefficiencies

• SG&A – Benefit as a result of lower incentive compensation accruals

Adjustments to EBITDA:

• 3Q16 actual includes $0.3M of Rogers closure cost compared to $0.8M in 3Q15

3Q16 adjusted EBITDA decreased 19% y-o-y due to $10.4M of costs associated with operating inefficiencies

8

*FX Rates from Banco de Mexico

$50.8

$69.8 $21.2

$5.9 $1.0 ($8.5)

($0.7) $0.2

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

AdjustedEBITDA 3Q15

YTD

Volume / Mix FX Impact Metal CostPerformance

Corp. Expense/ SG&A

Other AdjustedEBITDA 3Q16

YTD

($ in

Mill

ions

)Third Quarter Year-to-Date Adjusted EBITDA Comparison Year-over-Year

• Volume / Mix – Volume benefit with 1.1M unit increase. Favorable mix on larger wheels, with 39% increase in wheels 19” or greater

• FX Impact – Reflects 3Q16 average Peso rate devaluation against USD (18.2 3Q16 YTD vs. 15.5 3Q15 YTD)*

• Metal – Benefit from favorable timing of pass through of aluminum price adjustments and lower alloy costs

• Cost Performance – Primarily driven by $10.4M in operating inefficiencies in 3Q16

• SG&A – Increased costs primarily related to higher compensation expense

Adjustments to EBITDA:

• 3Q16 YTD actual includes $0.9M of Rogers closure cost compared to $3.2M in 3Q15 YTD

YTD adjusted EBITDA increased 37% y-o-y due to significantly higher volume and improved mix

9

*FX Rates from Banco de Mexico

Cash Flow and Capital Allocation

• Paid dividends of $0.18 per share in 3Q16 totaling $4.6M• Through October 26th paid quarterly dividends totaling $18.3M

Focus on Returning Cash to Shareholders; $31.9M Returned Through October 26th

Dividends

Share Repurchases

Capital Investments

• Total repurchases through October 26th, 2016 of 741K for $13.5M• $46.7M remaining under the $50M share repurchase program

• 3Q16 capex of $12.5M compared to $9.3M in 3Q15• Made additional investments in areas causing bottlenecks, to improve

reliability, and to upgrade capabilities

Operating Cash Flow

• Operating Cash Flow of $39.3M YTD 2016 vs $39.2M in YTD 2015• Increase due to higher net income partially offset by increased working

capital

10

Financial Performance Outlook for 2016

(1) Value-added sales is a non-GAAP measure defined as net sales less pass-through charges, primarily for the value of aluminum; see appendix for reconciliation to net sales(2) Adjusted EBITDA is a non-GAAP measure; see appendix for reconciliation to net income

Key MetricsPrior Outlook (provided 7/27/16)

Current Outlook (provided 10/27/16)

Unit Volume Growth 6% - 8% 7% - 8%

Net Sales $710M - $725M $715M - $725M

Value-Added Sales(1) $395M - $403M $398M - $403M

Adjusted EBITDA(2) $102M – $108M $80M – $88M

Capital Expenditures Approximately $40M Approximately $40M

Working Capital Net use of funds Net use of funds

Effective Tax Rate 27% - 29% range 21% - 23% range

Dividend Payments Approximately $20M Approximately $20M

11

Appendix

12

Third Quarter and Year-to-Date Income Statements

(1) Value-added sales is a non-GAAP measure defined as net sales less pass-through charges, primarily for the value of aluminum; see appendix for reconciliation to net sales(2) Adjusted for Rogers closure cost; 3Q16 ($0.3M), 3Q15 ($0.8M); YTD ‘16 ($0.9M), YTD ‘15 ($3.2M)

Una

udite

d

(US$ in Millions, except for units and per share amounts)

Unaudited

3Q16 3Q15 September SeptemberActual Actual YTD 2016 YTD 2015

Unit Shipments 2,911,960 2,778,267 9,162,836 8,030,095

Net Sales 175.6$ 175.7$ 544.4$ 533.3$

Value-Added Sales (1) 98.8$ 87.9$ 302.3$ 257.8$

Gross Profit 11.0$ 16.5$ 68.2$ 47.6$ % of Net Sales 6.3% 9.4% 12.5% 8.9% % of Value-Added Sales 11.1% 18.7% 22.6% 18.5%SG&A Expenses 5.7$ 8.4$ 24.7$ 24.9$ % of Net Sales 3.3% 4.8% 4.5% 4.7%

Operating Income 5.3$ 8.1$ 43.5$ 22.8$

Interest Income, net 0.1$ 0.1$ 0.3$ 0.3$ Other expenses, net (0.4)$ (0.4)$ (0.5)$ (0.9)$

Income Before Income Taxes 4.9$ 7.6$ 43.2$ 21.9$

Income Tax (Provision) Benefit 1.1$ (2.7)$ (9.6)$ (6.1)$

Net Income 6.0$ 4.9$ 33.6$ 15.8$

Income Per Share - Diluted 0.23$ 0.19$ 1.31$ 0.59$

Adjusted EBITDA (2) 13.8$ 17.1$ 69.8$ 50.8$ % of Net Sales 7.8% 9.7% 12.8% 9.5% % of Value-Added Sales 13.9% 19.5% 23.1% 19.7%

13

• Q3 Taxes – The decrease in the effective tax rate primarily relates to a change in the mix of income before taxes of the Company’s tax entities and the reduction of a reserve for uncertain tax benefits recognized as a result of certain tax settlements

Summary

Quarter Actual - Budget & YAGO

(US$ in Millions, except for units and per share amounts)

Unaudited

3Q162Q163Q15VarianceSeptemberJune YTD 2016September

ActualBudgetActualBudgetActualYTD 2016BudgetYTD 2015

Unit Shipments2,911,9603,010,1992,778,267(98,239)133,6939,162,836- 08,030,095

Net Sales$ 175.6$ 191,632$ 175.7$ (191,456)$ (0)$ 544.4$ 385,520$ 533.3

Value-Added Sales (1)$ 98.8$ 99,684$ 87.9$ (99,585)$ 11$ 302.3$ 203,000$ 257.8

Gross Profit$ 11.0$ 24,999$ 16.5$ (24,988)$ (6)$ 68.2$ 45,055$ 47.6

% of Net Sales6.3%13.0%9.4%-6.8%-3.1%12.5%11.7%8.9%

% of Value-Added Sales11.1%25.1%18.7%-14.0%-7.6%22.6%22.2%18.5%

SG&A Expenses$ 5.7$ (8,742)$ 8.4$ 8,748$ (3)$ 24.7$ (17,321)$ 24.9

% of Net Sales3.3%-4.6%4.8%7.8%-1.5%4.5%-4.5%4.7%

Operating Income$ 5.3$ 16,257$ 8.1$ (16,252)$ (3)$ 43.5$ 27,734$ 22.8

Interest Income, net$ 0.1$ 42$ 0.1$ (42)$ 0$ 0.3$ 84$ 0.3

Other expenses, net$ (0.4)$ - 0$ (0.4)$ (0)$ 0$ (0.5)$ - 0$ (0.9)

Other Income (Expense), net$ - 0$ - 0$ - 0$ - 0=

Income Before Income Taxes$ 4.9$ 16,299$ 7.6$ (16,294)$ (3)$ 43.2$ 27,819$ 21.9

Income Tax (Provision) Benefit$ 1.1$ (3,129)$ (2.7)$ 3,130$ 4$ (9.6)$ (5,341)$ (6.1)

Net Income$ 6.0$ 13,170$ 4.9$ (13,164)$ 1$ 33.6$ 22,477$ 15.8

Income Per Share - Diluted$ 0.23$ 0.50$ 0.19$ (0.27)$ 0.04$ 1.31$ 0.85$ 0.59

EBITDA$ 27,800$ 25,896$ 19,174$ 1,905$ 8,626$ 55,437$ 47,051$ 31,187

% of Net Sales15833.5%13.5%10915.7%15820.0%4917.9%15.0%12.2%8.7%

% of Value-Added Sales28138.7%26.0%21803.3%28112.7%6335.5%27.2%23.2%18.4%

Adjusted EBITDA (2)$ 13.8$ 26,419$ 17.1$ (26,406)$ (3)$ 69.8ERROR:#NAME?$ 50.8

% of Net Sales7.8%13.8%9.7%-5.9%-1.9%12.8%ERROR:#NAME?9.5%

% of Value-Added Sales13.9%26.5%19.5%-12.6%-5.5%23.1%ERROR:#NAME?19.7%

(2) Adjusted for Rogers closure cost; 2Q16 Actual-$143K, 2Q16 Budget-$523K, 2Q15 Actual-$1,164K

Rogers Closure CostERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

$ - 0$ - 0

TotalERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Roges GM less depreciationACTUALACTUAL

2016.Q22015.Q22014.Q22014.Q3

ActualsActuals

ACTUALACTUALBUDGETFINBUDGETFINActualActual2015 Q22015 Q3

PERIODICYTDPERIODICYTDPERIODICYTD800,000

49999Gross MarginERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

42191MFG-Depreciation & AmortERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Impairment$ - 0$ - 0

ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

250,000

- 01,050,000

3,112,406

2016.Q2 - Yago

EVDRE:OKActual

AppFINANCEFinance AppSALESBudgetFin

RANGEVALUEACCOUNT75000Frgn Exchange Gain/LossAcctForecast

PageKeyRangeSummary!$F$3:$F$12CATEGORYACTUALActualsCategorymarfcsts1

ColKeyRangeSummary!$I$17:$J$19DATASRCTotalAdjTotal AdjustedInputJunfcst

RowKeyRangeSummary!$E$26:$F$26,Summary!$E$33:$F$163DEPARTMENTALL_DEPTSALL_DEPTS

CellKeyRangeENTITYMFGMX.P9MFGMX P9Entity2016.Q22015.Q22016.Q2

GetOnlyRangeEXPENSETYPEALL_EXPTYPEALL_FINISHESActualActualBudgetFin

FormatRangeMEASURESPeriodicPeriodicALL_WHEELSNet Ship Units3,070,8272,713,4833,010,199

OptionRangePROJECTALL_PROJECTSAll ProjectsPeriodicPack Units3,169,0602,750,7873,147,497

SortRangeRPTCURRENCYUSDUS DollarLC

TIME2016.Q22016 Q2ALLCONTINENT2.8Actual Var to ---357,34460,628

ALL_SIZE418,27321,563

Time

PeriodicPeriodic

2016.Q22015.Q2

ActualActual

Superior Industries International2016 Q2

Actuals vs. Actualsvs. YoY

2016 Q2 vs. 2015 Q2

All numbers in (000's) except units and per share data.PeriodicPeriodic

2016 Q22015 Q2Var Fav (Unfav)

ActualsActuals

Corp.Consol30000Net Sales$ 182,709$ 183,940$ (1,231)-1%

Aluminum Revenue$ 72,837$ 84,051$ (11,214)

Upcharge Revenue$ 8,681$ 12,256$ (3,575)

Value Added Sales$ 101,191$ 87,633$ 13,55715%

Trade Sales$ 181,020$ 181,241$ (221)-0%

Corp.Consol31000Sales Adjustments$ (883)$ 852$ (1,736)

Corp.Consol32000Project Dev Rev$ 2,572$ 1,846$ 725

UnitsNet Ship Units3,070,8272,713,483357,34413%

PackPack Units3,169,1962,750,787418,40915%

Average Value Added Selling Price$ 32.95$ 32.30$ 0.66

GP %EBITDAEBITDA %

2016 Q22015 Q2GP$ Var Fav (Unfav)2016 Q22015 Q22016 Q22015 Q2EBITDA$ Var Fav (Unfav)2016 Q2

ActualsActualsActualsActualsActualsActualsActuals

Net SalesShip UnitsPack Units

MFGUS.FY3000028923739.8339643376.89432151569681295481472284

MFGUS.RG3000034808.4292478.6304500

MFGMX.P73000029485144.9427997686.42559087563802667299591864

MFGMX.P93000035972173.2542339139.72670842633727734836673411

MFGMX.P103000059227754.6555110509.52765132673889791564714615

MFGMX.P153000038092596.0323738287.03643615264243680016298613

CORP.CSD30000-9050244.26-6044274.4410000

MFG.Plants30000191701408.7188828999.63070827270534231691962750787

CORP.CSD31000Sales Adjustments260611.751585312.829

Corp.Consol31000Sales Adjustments-883247.89852465.029

CORP.CSD30100Trade Sales-371137.28

CORP.CSD30200Intercompany Sales-11366756.88-9135123.3

CORP.CSD40500Intercompany COGS-9626594.42-7783497.69

CORP.CSD40100Trade Standard COGS-2112119.87-1172351.59

MFGUS.VN30000Net Sales22857.11863032.86

MFGUS.VN40000Cost of Goods Sold8535.66888653.51

CORP.CSD41200Scrap Income/Expense

CORP.CSD41100Material Price Variance2392.136-95563.89

CORP.CSD510010PV Mat'l Purch Variance

CORP.CSD41120Aluminum Price Variance71270.656

CORP.CSD41100Material Price Variance2392.136-95563.8997956.026

CORP.CSD42000MFG-Plant Performance-107189.1946.18-107235.37

CORP.CSD42191MFG-Depreciation & Amort$ (1,084)-1084.22

CORP.CSD44100CSD-Corporate Service Depart4117318.973380765.47

CORP.CSD47000Interplant Freight

Corp.Consol32000Proj Dev Revenues2571781.061846484.54725296.52

Corp.Consol45000Pre-Production Charges4978327.823909164.011069163.81

Corp.Consol46000Research & Development200714.4564582.76136131.69-479998.98

CORP.CSD32000Proj Dev Revenues2427038.151505536.03921502.12

CORP.CSD45000Pre-Production Charges3504173.551988964.021515209.53446045.72

CORP.CSD46000Research & Development192863.3861732.56131130.82-724838.23

CORP.CSD43100Inventory Revaluation0

CORP.CSD43200Lower of Cost or Mkt Adj

CORP.CSD43120FIFO Cst Revaluation

CORP.CSD43300Physical Inv Gain/Loss

CORP.CSD43400Obsolete/Slow Moving Exp6695.78-23772



Corp.Consol61100ADM-Admin Exp8561857.37192743.21369114.1

Corp.Consol62100SEL-Selling Exp1306613.111135910.24170702.87

Corp.Consol50000Other General Expenses131105.06552214.57-421109.51

Corp.Consol51000Provision for Bad Debts138594.04649110.52-510516.48

Corp.Consol52000Impairment of FA0

Corp.Consol53000Gain/Loss on Sale of FA-7488.98-96895.9589406.97

Corp.Consol42191MFG-Depreciation & Amort$ 8,118,3228,019,68798634.96

Corp.Consol44191CSD-Depreciation & Amort$ 132,46439,96492500.13

Corp.Consol61191ADM-Depreciation & Amort$ 386,646433,101-46454.52

Corp.Consol62191SEL-Depreciation & Amort3,729-3729.48

Corp.Consol560901Obsolete MRO Inv. Reserv$ 378,885(8,943)387828.34

MFG.Plants560901Obsolete MRO Inv. Reserv$ 371,108(10,047)381154.15

Corp.CSD560901Obsolete MRO Inv. Reserv0

Manufacturing Plants Gross Profit / (Loss)

MFGUS.FY49999Fayetteville$ (1,316)$ (2,353)$ 1,037-4.6%-5.9%$ 420$ (1,205)$ 1,6251.5%-3.0%

MFGUS.RG49999Rogers$ (196)$ (1,596)$ 1,400$ (144)$ (1,361)$ 1,217$ (143)$ (1,164)$ 1,021

MFGMX.P749999Chihuahua 7$ 7,292$ 5,160$ 2,13224.7%18.4%$ 7,506$ 5,579$ 1,92725.5%19.9%

MFGMX.P949999Chihuahua 9$ 8,843$ 8,668$ 17624.6%20.5%$ 9,561$ 9,261$ 30026.6%21.9%



MFG.PLANTSTotal$ 34,552$ 22,344$ 12,207$ 42,526$ 29,734$ 12,792

% of Net Sales18.0%11.8%6.2%22.2%15.7%6.5%

% of Value Added Sales34.1%25.5%8.6%42.0%33.9%8.1%

OEM Corp Income (Expense)2016 Q22015 Q2Var Fav (Unfav)

Sales Adjustments$ 261$ 1,585$ (1,325)Net Sales Analysis

IC Sales Adj / 3rd Party Sales$ 15$ (205)$ 220

Salvage Income$ - 0$ - 0$ - 0Actuals 2015 Q2$ 183,940

Corp MPV$ (2)$ 96$ (98)

OEM Production Variance / Corp Reserve$ 107$ (0)$ 107 Volume$ 23,868

Corporate Service Departments$ (4,117)$ (3,381)$ (737) Aluminum$ (22,573)

Interco Frieght$ - 0$ - 0$ - 0 Sales Adjustments$ (1,736)

Net Project & R&D$ (1,270)$ (545)$ (725) Project Development$ 725

Inventory Revaluation$ - 0$ - 0$ - 0 FX Impact$ (1,051)

Lower of Cost or Mkt Adj$ - 0$ - 0$ - 0 Mix$ (465)

FIFO Cst Revaluation$ - 0$ - 0$ - 0 Total$ (1,231)

Physical Inv Gain/Loss$ - 0$ - 0$ - 0

Obsolete/Slow Moving Exp$ (7)$ 24$ (30)Actuals 2016 Q2$ 182,709

Total Corporate$ (5,013)$ (2,426)$ (2,587)

Depreciation - Manufacturing

Gross Profit (Loss)$ 29,538$ 19,918$ 9,620ActualsActualsVAR

GP %16.2%10.8%5.3%Fayetteville$ 1,523$ 1,395$ 128

GP % Value Added Sales29.2%22.7%6.5%Rogers$ 53$ 432$ (380)

SG&A ExpenseChihuahua 7$ 513$ 479$ 35

Admin Exp$ (8,562)$ (7,193)$ (1,369)Chihuahua 9$ 633$ 656$ (24)

Selling Exp$ (1,307)$ (1,136)$ (171)Chihuahua 10$ 2,491$ 2,723$ (232)

Other General Expenses$ (131)$ (552)$ 421Chihuahua 15$ 2,907$ 2,335$ 572

Total SG&A$ (10,000)$ (8,881)$ (1,119)Total$ 8,119$ 8,020$ 100

-5.5%-4.8%-0.64%

Operating Income$ 19,539$ 11,037$ 8,501Ship Units (Manufacturing Plants)

ActualsActualsVAR

Other Income (Expense)Fayetteville432,151569,681(137,530)

Corp.Consol71000Interest Income$ 128$ 66$ 63Rogers- 045(45)

Corp.Consol72000Interest Expense$ (49)$ (8)$ (41)Chihuahua 7559,087563,802(4,715)

Corp.Consol74000Miscellaneous Inc/Exp$ 39$ (81)$ 121Chihuahua 9670,842633,72737,115

Corp.Consol75000Frgn Exchange Gain/Loss$ (415)$ (281)$ (134)Chihuahua 10765,132673,88991,243

Income Before Taxes$ 19,242$ 10,733$ 8,509Chihuahua 15643,615264,243379,372

Total3,070,8272,705,387365,440

Corp.Consol80000Tax$ (6,082)$ (4,200)$ (1,882)

Effective Rate %-31.6%-39.1%Pack Units

Net Income$ 13,160$ 6,533$ 6,628ActualsActualsVAR

Fayetteville295,481472,284(176,803)

EPS$ 0.515$ 0.244$ 0.271Rogers- 0- 0- 0

Chihuahua 7667,299591,86475,435

EBITDA$ 27,800$ 19,172$ 8,629Chihuahua 9734,836673,41161,425

EBITDA %15.2%10.4%4.8%Chihuahua 10791,564714,61576,949

EBITDA % Value Added Sales27.5%21.9%5.6%Chihuahua 15680,016298,613381,403

Total3,169,1962,750,787418,409

Weighted Shares Out25,54326,766(1,222)

Rogers Closure$ 143$ 1,164

Adjusted EBITDA$ 27,944$ 20,336

20152014Var%

Net Sales$ 182,709$ 183,940$ (1,231)-0.7%

Value Added Sales$ 101,191$ 87,633$ 13,55715.5%

2,713,483

EBITDA$ 26,882$ 19,172$ 7,71140.2%

Adjusted EBITDA$ 27,944$ 20,336$ 7,60837.4%

EBITDA % Net Sales14.71%10.42%4.29%41.2%

EBITDA % of Value Added26.57%21.88%4.69%21.4%

Adj. EBITDA % of Net Sales15.29%11.06%4.24%38.3%

Adj. EBITDA % of Value Added Sales27.62%23.21%4.41%19.0%

2016.Q2 - Budget

EVDRE:OKActual

AppFINANCEFinance AppSALESBudgetFin

RANGEVALUEACCOUNTALUMLBSRECAluminum Reveived in PoundsAcctBudgetb5

PageKeyRangeSummary!$F$3:$F$12CATEGORYACTUALActualsCategoryBudget

ColKeyRangeSummary!$I$17:$J$19DATASRCTotalAdjTotal AdjustedInputMarfcsts1

RowKeyRangeSummary!$E$26:$F$26,Summary!$E$33:$F$163DEPARTMENTALL_DEPTSALL_DEPTS

CellKeyRangeENTITYMFGMX.P15MFGMX P15Entity

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SortRangeRPTCURRENCYUSDUS DollarLC

TIME2016.Q22016 Q2ALLCONTINENT

ALL_SIZE

Time

PeriodicPeriodic

2016.Q22016.Q2

ActualBudgetFin

Superior Industries International2016 Q2

Actuals vs. FINAL BUDGETvs. FINAL BUDGET

2016 Q2 vs. 2016 Q2

All numbers in (000's) except units and per share data.PeriodicPeriodic

2016 Q22016 Q2Var Fav (Unfav)

ActualsFINAL BUDGET

Corp.Consol30000Net Sales$ 182,709$ 191,632$ (8,923)-5%

Aluminum Revenue$ 72,837$ 81,072$ (8,235)

Upcharge Revenue$ 8,681$ 10,875$ (1,811)

Value Added Sales$ 101,191$ 99,684$ 1,1231%

Trade Sales$ 181,020$ 189,633$ (8,612)-5%

Corp.Consol31000Sales Adjustments$ (883)$ (194)$ (690)

Corp.Consol32000Project Dev Rev$ 2,572$ 2,192$ 379

UnitsNet Ship Units3,070,8273,010,19960,6282%

PackPack Units3,169,1963,147,49721,6991%

Average Value Added Selling Price$ 32.95$ 33.24$ (0.29)

GP %EBITDAEBITDA %

2016 Q22016 Q2GP$ Var Fav (Unfav)2016 Q22016 Q22016 Q22016 Q2EBITDA$ Var Fav (Unfav)2016 Q2

ActualsFINAL BUDGETActualsFINAL BUDGETActualsFINAL BUDGETActuals

Net SalesShip UnitsPack Units

MFGUS.FY3000028923739.8327369453.78432151408946295481327126

MFGUS.RG3000034808.40000

MFGMX.P73000029485144.9431382200.08559087623772667299704033

MFGMX.P93000035972173.2537801012.37670842623425734836702183

MFGMX.P103000059227754.6560173286.91765132708101791564758900

MFGMX.P153000038092596.0341190761.41643615645955680016655255

CORP.CSD30000-9050244.26-6285081.9070000

MFG.Plants30000191701408.7197916714.53070827301019931691963147497

CORP.CSD31000Sales Adjustments260611.75

Corp.Consol31000Sales Adjustments-883247.89-193545.3052


CORP.CSD30200Intercompany Sales-11366756.88-8283002.907

CORP.CSD40500Intercompany COGS-9626594.42-7321103.727


MFGUS.VN30000Net Sales22857.11

MFGUS.VN40000Cost of Goods Sold8535.66

CORP.CSD41200Scrap Income/Expense

CORP.CSD41100Material Price Variance2392.136

CORP.CSD510010PV Mat'l Purch Variance

CORP.CSD41120Aluminum Price Variance71270.656

CORP.CSD41100Material Price Variance2392.1362392.136

CORP.CSD42000MFG-Plant Performance-107189.192190000-2297189.19

CORP.CSD42191MFG-Depreciation & Amort$ (1,084)-1084.22

CORP.CSD44100CSD-Corporate Service Depart4117318.974827032.323

CORP.CSD47000Interplant Freight

Corp.Consol32000Proj Dev Revenues2571781.062192403.4379377.66

Corp.Consol45000Pre-Production Charges4978327.824296227.947682099.8731332668.2722

Corp.Consol46000Research & Development200714.4512500075714.45-378436.6631

CORP.CSD32000Proj Dev Revenues2427038.151997921429117.15

CORP.CSD45000Pre-Production Charges3504173.553154741.949349431.6009-332668.2722

CORP.CSD46000Research & Development192863.3812500067863.38

CORP.CSD43100Inventory Revaluation0

CORP.CSD43200Lower of Cost or Mkt Adj

CORP.CSD43120FIFO Cst Revaluation

CORP.CSD43300Physical Inv Gain/Loss

CORP.CSD43400Obsolete/Slow Moving Exp6695.78-25000



Corp.Consol61100ADM-Admin Exp8561857.37869530.447692326.8534

Corp.Consol62100SEL-Selling Exp1306613.11872788.4659433824.6441

Corp.Consol50000Other General Expenses131105.06131105.06

Corp.Consol51000Provision for Bad Debts138594.04138594.04

Corp.Consol52000Impairment of FA0

Corp.Consol53000Gain/Loss on Sale of FA-7488.98-7488.98

Corp.Consol42191MFG-Depreciation & Amort$ 8,118,3228,948,092-829770.0779

Corp.Consol44191CSD-Depreciation & Amort$ 132,464238,754-106289.8606

Corp.Consol61191ADM-Depreciation & Amort$ 386,646449,286-62639.55117

Corp.Consol62191SEL-Depreciation & Amort2,759-2759.39

Corp.Consol560901Obsolete MRO Inv. Reserv$ 378,885103,067275818.4572

MFG.Plants560901Obsolete MRO Inv. Reserv$ 371,108103,067268040.9572

Corp.CSD560901Obsolete MRO Inv. Reserv0

Manufacturing Plants Gross Profit / (Loss)

MFGUS.FY49999Fayetteville$ (1,316)$ (1,533)$ 216-4.6%-5.6%$ 420$ (25)$ 4451.5%-0.1%

MFGUS.RG49999Rogers$ (196)$ (822)$ 626$ (144)$ (524)$ 380$ (143)$ (524)$ 380

MFGMX.P749999Chihuahua 7$ 7,292$ 8,197$ (905)24.7%26.1%$ 7,506$ 8,744$ (1,238)25.5%27.9%

MFGMX.P949999Chihuahua 9$ 8,843$ 8,155$ 68924.6%21.6%$ 9,561$ 8,848$ 71326.6%23.4%

MFGMX.P1049999Chihuahua 10$ 11,962$ 12,413$ (451)20.2%20.6%$ 14,256$ 15,250$ (993)24.1%25.3%

MFGMX.P1549999Chihuahua 15$ 7,967$ 6,863$ 1,10420.9%16.7%$ 10,926$ 9,928$ 99828.7%24.1%

MFG.PLANTSTotal$ 34,552$ 33,273$ 1,279$ 42,526$ 42,221$ 305

% of Net Sales18.0%16.8%1.2%22.2%21.3%0.8%

% of Value Added Sales34.1%33.3%0.9%42.0%42.2%-0.2%

OEM Corp Income (Expense)2016 Q22016 Q2Var Fav (Unfav)

Sales Adjustments$ 261$ - 0$ 261Net Sales Analysis

IC Sales Adj / 3rd Party Sales$ 15$ 0$ 15

Salvage Income$ - 0$ - 0$ - 0FINAL BUDGET 2016 Q2$ 191,632

Corp MPV$ (2)$ - 0$ (2)

OEM Production Variance / Corp Reserve$ 107$ (2,190)$ 2,297 Volume$ 3,819

Corporate Service Departments$ (4,117)$ (4,827)$ 710 Aluminum$ (9,868)

Interco Frieght$ - 0$ - 0$ - 0 Sales Adjustments$ (690)

Net Project & R&D$ (1,270)$ (1,282)$ 12 Project Development$ 379

Inventory Revaluation$ - 0$ - 0$ - 0 FX Impact$ (1,223)

Lower of Cost or Mkt Adj$ - 0$ - 0$ - 0 Mix$ (1,341)

FIFO Cst Revaluation$ - 0$ - 0$ - 0 Total$ (8,923)

Physical Inv Gain/Loss$ - 0$ - 0$ - 0

Obsolete/Slow Moving Exp$ (7)$ 25$ (32)Actuals 2016 Q2$ 182,709

Total Corporate$ (5,013)$ (8,274)$ 3,260

Depreciation - Manufacturing

Gross Profit (Loss)$ 29,538$ 24,999$ 4,539ActualsFINAL BUDGETVAR

GP %16.2%13.0%3.1%Fayetteville$ 1,523$ 1,508$ 15

GP % Value Added Sales29.2%25.0%4.2%Rogers$ 53$ 299$ (246)

SG&A ExpenseChihuahua 7$ 513$ 547$ (34)

Admin Exp$ (8,562)$ (7,870)$ (692)Chihuahua 9$ 633$ 693$ (61)

Selling Exp$ (1,307)$ (873)$ (434)Chihuahua 10$ 2,491$ 2,837$ (345)

Other General Expenses$ (131)$ - 0$ (131)Chihuahua 15$ 2,907$ 3,065$ (158)

Total SG&A$ (10,000)$ (8,742)$ (1,257)Total$ 8,119$ 8,948$ (829)

Operating Income$ 19,539$ 16,257$ 3,282Ship Units (Manufacturing Plants)

ActualsFINAL BUDGETVAR

Other Income (Expense)Fayetteville432,151408,94623,205

Corp.Consol71000Interest Income$ 128$ 100$ 28Rogers- 0- 0- 0

Corp.Consol72000Interest Expense$ (49)$ (58)$ 9Chihuahua 7559,087623,772(64,685)

Corp.Consol74000Miscellaneous Inc/Exp$ 39$ 39Chihuahua 9670,842623,42547,417

Corp.Consol75000Frgn Exchange Gain/Loss$ (415)$ (415)Chihuahua 10765,132708,10157,031

Income Before Taxes$ 19,242$ 16,299$ 2,943Chihuahua 15643,615645,955(2,340)

Total3,070,8273,010,19960,628

Corp.Consol80000Tax$ (6,082)$ (3,129)$ (2,952)

Effective Rate %-31.6%-19.2%Pack Units

Net Income$ 13,160$ 13,170$ (9)ActualsFINAL BUDGETVAR

Fayetteville295,481327,126(31,645)

EPS$ 0.515$ 0.502$ 0.013Rogers- 0- 0- 0

Chihuahua 7667,299704,033(36,734)

EBITDA$ 27,800$ 25,896$ 1,905Chihuahua 9734,836702,18332,653

EBITDA %15.2%13.5%1.7%Chihuahua 10791,564758,90032,664

EBITDA % Value Added Sales27.5%25.9%1.6%Chihuahua 15680,016655,25524,761

Total3,169,1963,147,49721,699

$ 27,944$ 26,419

Weighted Shares Out25,54326,244(700)

Rogers Impairment

2016.Q22016.Q2

ActualBudgetFin

Net Income$ 13,160$ 13,170

Taxes$ 6,082$ 3,129

Interest Income$ (128)$ (100)

Interest Expemse$ 49$ 58

Depreciation$ 8,637$ 9,639

EBITDA$ 27,800$ 25,896

Value Added Sales Chart

Value Added Sales (1)3Q162Q163Q15

ActualBudgetActual

Net Sales$ 176$ 191,632$ 176

Less

- Aluminum value$ (182,709)$ (191,632)$ (183,940)

- Pass-through outsourcing costs charged to customers$ (72,837)$ (81,072)$ (84,051)

$ (255,546)$ (272,704)$ (267,991)

Value added sales$ (255,371)$ (81,072)$ (267,816)

EBITDA$ 27,800$ 25,896$ 19,174

% of Net Sales15833.5%13.5%10915.7%

% of Value Added Sales-10.9%-31.9%-7.2%

Adjusted EBITDA$ 14$ 26,419$ 17

% of Net Sales7.8%13.8%9.7%

% of Value Added Sales-0.0%-32.6%-0.0%

Third Quarter and Year-to-Date Statements of Cash FlowU

naud

ited

Unaudited(US$ in Millions) 3Q16 3Q15 September September

Actual Actual YTD 2016 YTD 2015Net Income 6.0$ 4.9$ 33.6$ 15.8$

Depreciation 8.6 8.7 25.9 25.7 Accounts Receivable (1.6) (17.3) (4.5) (18.3) Inventories 0.6 7.1 (12.2) 12.3 Prepaid Aluminum 2.8 (9.4) 0.7 (5.5) Accounts Payable (0.6) 13.0 (0.0) 8.9 Other Operations Related Items (0.9) 7.1 (4.1) 0.4

Cash Flow from Operations 14.7 14.0 39.3 39.2

Cash Dividends (4.6) (4.8) (13.8) (14.4) Capital Expenditures (12.5) (9.3) (30.2) (32.6) Proceeds from Exercise of Stock Options 0.7 0.8 1.6 7.3 Stock Repurchase (0.4) (6.8) (13.5) (14.4) All Other 0.3 (1.3) 0.4 2.4

Net Decrease (1.7) (7.4) (16.2) (12.5)

Cash - Beginning 37.5 57.3 52.0 62.5 Cash - Ending 35.8$ 49.9$ 35.8$ 49.9$

14

BS Data

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AppFINANCEERROR:#NAME?

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SuppressDataRow

SuppressNoData

Top

Balance Sheet

Superior Industries International, Inc.

Summary Balance Sheets

(US$ in Millions)

JuneIncreaseDecemberIncrease

ASSETS2016 Actual2016 Budget(Decrease)2015(Decrease)

Cash & Cash Equivalents$ 36.3$ 80.4$ (44.2)$ 52.0$ (15.8)

Short Term Investments0.81.0(0.2)1.0(0.2)

Accounts Receivable, net113.3107.36.0112.60.7

Inventories, net73.962.311.661.812.2

Prepaid Aluminum14.57.67.012.42.1

Other Current Assets9.918.6(8.7)6.13.8

Total Current Assets248.6277.1(28.5)245.82.8

Property, Plant & Equipment223.9236.4(12.5)234.6(10.8)

Investments2.02.00.02.00.0

Deferred Taxes25.317.57.825.6(0.3)

Other Assets33.030.42.631.91.1

Total Assets$ 532.8$ 563.4$ (30.6)$ 539.9$ (7.2)

LIABILITIES & EQUITY

Accounts Payable$ 20.7$ 29.2$ (8.5)$ 20.9$ (0.3)

Other Current Liabilities43.543.7(0.2)52.9(9.5)

Total Current Liabilities64.172.9(8.7)73.9(9.7)

Non-Current Liabilities60.463.2(2.7)52.28.3

Shareholders' Equity408.2427.3(19.1)413.9(5.8)

Total Liabilities & Equity$ 532.8$ 563.4$ (30.6)$ 539.9$ (7.2)

* Net Working Capital$ 181.1$ 147.9$ 33.2$ 165.9$ 15.2

DSOERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

DPOERROR:#NAME?60ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Inventory Turnover9.711.1(1.4)10.5(0.8)

* Net Working Capital capital equals Accounts recievable, Inventory & prepaid aluminum less accounts payable.

A/R113.3107.3112.6

Inventory73.962.361.8

Ppd Alum14.57.612.4

Less: A/P(20.7)(29.2)(20.9)

181.1147.9165.9

Prepaid Aluminum12,424,71618,654,229

Cash Flow YTD


Summary Cash Flow Statements

6 Months Ended June 2016 and 2015

(US$ in Millions)

Jun16-YTD2015IncreaseJun15-YTDIncrease

ActualBudget(Decrease)Actual(Decrease)

Net Income (Loss)$ 27.6$ 21.9$ 5.7$ 10.9$ 16.7

Depreciation17.339.1(21.8)17.00.3

Impairment of Long Lived Assets (Synergies)- 0- 0- 0

Deferred Income Taxes & FIN 48 - 0

Accounts Receivable(3.8)(9.2)5.4(1.0)(2.8)

Inventories(12.8)(2.0)(10.8)5.2(18.0)

Prepaid Aluminum(2.1)0.6(2.7)(4.0)1.9

Accounts Payable(0.3)5.9(6.2)(0.2)(0.1)

Other Operations Related Items(6.2)(0.9)(5.3)(2.7)(3.5)

Cash Flow from Operations19.755.4(35.7)25.2(5.5)

Cash Dividends(9.2)(19.5)10.3(9.6)0.4

Capital Expenditures(14.0)(39.2)25.2(23.3)9.3

Proceeds from Exercise of Stock Options0.9- 00.96.5(5.6)

Stock Repurchase(13.1)(7.5)(5.6)

Proceeds from Sales of Fixed Assets1.0(1.0)- 0

- 0- 0

- 0

All Other- 0(0.1)0.13.5(3.5)

Net Increase (Decrease)(15.7)(2.4)(13.3)(5.2)(10.5)

- 0- 0

Cash - Beginning52.085.9(33.9)62.5(10.5)

193193193- 0

Cash - Ending$ 36.3$ 83.5$ (47.2)$ 57.3$ (21.0)

Cash Flow Reported $ (15.7)$ (2.4)$ (13.3)$ (5.2)$ (10.5)

Dividends9.219.5(10.3)9.6(0.4)

Share Repurchases13.1- 013.17.55.6

Plant 15 CapexERROR:#REF!5.0ERROR:#REF!18.6ERROR:#REF!

Cash flow adjustedERROR:#REF!$ 22.1ERROR:#REF!$ 30.5ERROR:#REF!

Net Income$ 27.6$ 21.9$ 5.7$ 10.9$ 16.7

Cash Flow Conversion RatioERROR:#REF!1.01ERROR:#REF!2.80ERROR:#REF!

Cash Flow qtr


Summary Cash Flow Statements

Quarter Ended December 2015 and 2014

Unaudited

(US$ in Millions)3Q164Q15Increase3Q15September4Q15IncreaseSeptemberIncrease

ActualBudget(Decrease)ActualYTD 2016Budget(Decrease)YTD 2015(Decrease)

Net Income$ 6.0ERROR:#REF!ERROR:#REF!$ 4.9$ 33.6$ 6.6$ 27.0$ 15.8$ 17.8

Depreciation8.6ERROR:#REF!ERROR:#REF!8.725.910.315.625.70.2

Impairment of Long Lived Assets (Synergies)- 0ERROR:#REF!ERROR:#REF!- 0- 0- 0- 0- 0- 0

Deferred Income Taxes & FIN 48 - 0ERROR:#REF!ERROR:#REF!- 0- 03.8(3.8)- 0- 0

Accounts Receivable(1.6)ERROR:#REF!ERROR:#REF!(17.3)(4.5)14.6(19.1)(18.3)13.8

Inventories0.6ERROR:#REF!ERROR:#REF!7.1(12.2)(4.0)(8.2)12.3(24.5)

Prepaid Aluminum2.8ERROR:#REF!ERROR:#REF!(9.4)0.77.1(6.4)(5.5)6.2

Accounts Payable(0.6)ERROR:#REF!ERROR:#REF!13.0(0.0)2.3(2.3)8.9(8.9)

Other Operations Related Items(0.9)ERROR:#REF!ERROR:#REF!7.1(4.1)5.6(9.7)0.4(4.5)

Cash Flow from Operations14.7ERROR:#REF!ERROR:#REF!14.039.346.3(7.0)39.20.1

Cash Dividends(4.6)ERROR:#REF!ERROR:#REF!(4.8)(13.8)(4.9)(8.9)(14.4)0.6

Capital Expenditures(12.5)ERROR:#REF!ERROR:#REF!(9.3)(30.2)(6.7)(23.5)(32.6)2.4

Proceeds from Exercise of Stock Options0.7ERROR:#REF!ERROR:#REF!0.81.6- 01.67.3(5.7)

Stock Repurchase(0.4)ERROR:#REF!ERROR:#REF!(6.8)(13.5)- 0(13.5)(14.4)0.9

All Other0.3ERROR:#REF!ERROR:#REF!(1.3)0.40.10.32.4(2.0)

Net Decrease(1.7)ERROR:#REF!ERROR:#REF!(7.4)(16.2)34.8(51.0)(12.5)(3.7)

- 0- 0- 0

Cash - Beginning37.5ERROR:#REF!ERROR:#REF!57.352.048.73.362.5(10.5)

193193193193193193- 0

Cash - Ending$ 35.8ERROR:#REF!ERROR:#REF!$ 49.9$ 35.8$ 83.5$ (47.7)$ 49.9$ (14.1)$ (0.5070)$ - 0$ (0.5070)$ (7.4000)$ 6.8930

Plant 15 June Ytd Capex per CI schedule

DSO

Finance

ActualBudgetfin

TotalAdj

All_Depts

Corp.Consol

All_Exptype

All_Projects

USDActualActualActualActualActualActualActualActualActualActualOctfcstBudgetfinBudgetfinBudgetfinBudgetfinActualkBudgetfinBudgetfinBudgetfin

PeriodicYTDPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicPeriodicJunfcstJunfcstJunfcstJunfcst

ERROR:#NAME?2016.Q1ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?2015.Q1ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?2016.Q1ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?2015.Q12015.Q22015.Q32015.Q4

12100Trade A/RERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 101,971,000ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 97,060,132$ 95,874,000$ 98,400,000$ 103,550,000

12200Other A/RERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 8,865,000ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

12300Bad Debt ReservesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ (545,000)ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

12000Accounts Receivable NetERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 110,292,000ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

30100Trade Sales

Tom Marty: Tom Marty:In aluminum reportACTUALERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 171,877,000$ 180,437,000$ 175,918,000$ 199,116,000

30200Intercompany SalesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

31000Sales AdjustmentsERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

32000Proj Dev RevenuesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

30000Net SalesERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 171,877,000$ 180,437,000$ 175,918,000$ 199,116,000

Days Sales OutstandingERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?48.750.246.1

Change (Mo or Qtr)Days (4,4,5)91919191919191919191919191919191

ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

911822733649118227336491182273364

Note:

DPO

Finance

ActualBudgetfin

TotalAdj

All_Depts

Corp.Consol

All_Exptype

All_Projects

USDActualActualActualActualActualActualActualActualMayfcstBudgetfin

PeriodicPeriodicPeriodicPeriodicPeriodicperiodicYTDPeriodicYTDPeriodicPeriodic

YTDERROR:#NAME?2016.Q2ERROR:#NAME?2015.Q2ERROR:#NAME?2016.Q22014.Q42015.Q42016.Q12016.Q1

211001ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 27,078,000ERROR:#NAME?

211002ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?













22000ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 27,078,000ERROR:#NAME?

40000ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ 506,955,195

LESSAlum in COGS

Tom Marty: Tom Marty:In aluminum reportACTUAL$ 90,307,632$ 84,307,523$ 167,665,557$ 321,975,327$ 99,323,574

LESS42191ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?












LESS43300ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ - 0

LESS43400ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?$ - 0

Adjusted Trade COGSERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Days Payables OutstandingERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?ERROR:#NAME?

Change (Mo or Qtr)Days (4,4,5)919118236491

Notes:

COGS is adjusted for certain items that do not run through payables:

-AluminumValue in From Aluminum Report

-DepreciationAlum thru COGS

-Wages2014.Jan$ 20,192,924

-Fringes2014.Feb$ 24,299,257

-Scrap Income/Expense2014.Mar$ 33,241,911

-Pre Production Charges2014.Q1$ 77,734,093

-R&D2014.Apr$ 23,978,728

-Obsolete and slow moving Inventory2014.May$ 29,973,345

2014.Jun$ 35,525,900

2014.Q2$ 89,477,974

2014.Jul$ 20,687,635

2014.Aug$ 26,477,239

2014.Sep$ 37,003,434

2014.Q3$ 84,168,308

2014.Oct$ 28,469,997

2014.Nov$ 28,433,768

2014.Dec$ 29,264,181

2014.Q4$ 87,693,000

2015.Jan$ 21,819,47120,845,91321434711.9507045

2015.Feb$ 27,786,16628,781,09229151273.6736037

2015.Mar$ 33,995,29934,700,08234893298.7719325

2015.Q1$ 83,600,935

2015.Apr$ 25,567,94327,204,56027325502.1591162

2015.May$ 25,870,06427,583,39127594872.0603638

2015.Jun$ 32,869,51633,447,60033603894.8861795

2015.Q2$ 84,307,523

2015.Jul$ 18,307,74519,116,34519139956.3469794

2015.Aug$ 25,054,50027,032,64927032649.2350961

2015.Sep$ 32,650,54032,996,59533088986.2741199

2015.Q3$ 76,012,784$ 79,261,592

2015.Oct$ 25,513,12726,577,77226485380.0739015

2015.Nov$ 25,517,41927,020,31327631985.1080396

2015.Dec$ 27,023,53926,764,04126764040.5241281

2015.Q4$ 78,054,084$ 80,881,406

2016.Jan$ 21,423,289

2016.Feb$ 26,073,444

2016.Mar$ 29,861,192

2016.Q1$ 77,357,925

2016.Apr$ 25,202,563

2016.May$ 23,329,875

2016.Jun$ 41,775,194

2016.Q2$ 90,307,632

2016.JulGet Data

2016.AugGet Data

2016.SepGet Data

2016.Q3Get Data

2016.OctGet Data

2016.NovGet Data

2016.DecGet Data

2016.Q4Get Data

FSM

Action PaneAction PaneShrs OutstandingSTUVXYZAAACADAEAFACADAEAFACADAEAF

AppFINANCEAppFINANCE

ACCOUNTBAL_SHEETACCOUNTWASOYEAR

CATEGORYACTUALCATEGORYBUDGET

DATASRCTotalAdjDATASRCInput

DEPARTMENTALL_DEPTSDEPARTMENTALL_DEPTS

ENTITYCorp.ConsolENTITYCorp.Consol

EXPENSETYPEALL_EXPTYPEEXPENSETYPEALL_EXPTYPE

MEASURESPeriodicMEASURESPeriodic

PROJECTALL_PROJECTSPROJECTALL_PROJECTS3,8553,1495,279

RPTCURRENCYUSDRPTCURRENCYLC

TIME2012.TOTALTIME2014.TOTAL 3,816 4215,279

2010.Q12010.Q22010.Q32010.Q42010.Total2011.Q12011.Q22011.Q32011.Q42011.Total2012.Q12012.Q22012.Q32012.Q42012.Total2013.Q12013.Q22013.Q32013.Q42013.Total2014.Q12014.Q22014.Q32014.Q42014.Total2015.Q12015.Q22015.Q32015.Q42015.Total2016.Q12016.Q22016.Q32016.Q42016.Total2017.Q12017.Q22017.Q32017.Q42017.Total2018.Q12018.Q22018.Q32018.Q42018.Total2015.Q12015.Q22015.Q32015.Q42015.Total

ActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualActualBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfinBudgetfin

xAcct No.Account NameBPC Base MappingCF MappingAssumptionsNotes(USD in thousands)As of December 31,2010.Q12010.Q22010.Q32010.Q420102011.Q12011.Q22011.Q32011.Q420112012.Q12012.Q22012.Q32012.Q420122013.Q12013.Q22013.Q32013.Q420132014.Q12014.Q22014.Q32014.Q420142015.Q12015.Q22015.Q32015.Q42015F2016.Q12016.Q22016.Q32016.Q42016B2017.Q12017.Q22017.Q32017.Q42017B2018.Q12018.Q22018.Q32018.Q42018F(USD in thousands)As of December 31,2015.Q12015.Q22015.Q32015.Q42015B

Assets Assets

Current Assets Current Assets

10000Cash & Cash Equival101115Cash FlowBeginning cash + Δ in cashCash and cash equivalents127,075133,150130,814129,631$129,631158,304144,474147,067187,795$187,795193,157207,494214,894203,364$203,364186,170202,536182,724199,301$199,301157,799126,69783,13362,451$62,45144,67557,34149,94864,943$64,94336,42256,59045,97778,158$78,15853,94580,58774,641109,482$109,482123,244121,150134,639104,088$104,088Cash and cash equivalents43,21249,74848,77378,883$78,883

11000ST Investments115001InvestingStraight linebeginning investments+purchases- proceedsShort-term investments10,21910,2195,23121,92221,92219,2275,1375,1265,1265,1264,7994,7915,0113,9703,9703,9703,9703,7503,7503,7503,7503,7503,7503,7503,7503,7501,150950950950950950950950950950950950950950950950950950950Short-term investments3,7503,7503,7503,7503,750

12100Trade A/R121000% of Net Sales Trade A/R92,745129,390127,206105,745105,745109,531122,612119,656114,811114,811123,624125,102115,59991,74791,747108,474101,034114,58582,80982,809101,854104,08897,03596,17796,17797,06093,950110,748101,054101,054121,699109,247125,857104,893104,893121,584112,904127,324105,145105,145- 0- 0- 0- 0- 0Trade A/R103,695104,345104,51089,97189,971

12200Other A/R128001Straight line Other A/R7,2727,04710,64111,96411,96415,36113,1277,4415,4235,4233,9544,1255,6197,2937,2936,2646,1826,3977,7247,7247,3157,8077,5746,8306,8308,8799,5638,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,8658,865Other A/R7,5747,5747,5747,5747,574

12300Bad Debt Reserves129100% of Net Sales Bad Debt Reserves(433)(718)(1,225)(983)(983)(704)(1,070)(653)(339)(339)(436)(699)(475)(573)(573)(920)(634)(972)(910)(910)(979)(452)(528)(514)(514)(573)(1,071)(658)(540)(540)(718)(1,245)(748)(561)(561)(718)(1,287)(757)(562)(562)- 0- 0- 0- 0- 0Bad Debt Reserves(424)(453)(431)(475)(475)

12000Accounts Receivable NetOperating1 Accounts receivable, net99,583135,719136,621116,726116,726124,187134,670126,445119,895119,895127,142128,529120,74398,46798,467113,818106,582120,00989,62389,623108,190111,443104,081102,493102,493105,366102,442118,955109,379109,379129,846116,867133,974113,197113,197129,732120,483135,432113,448113,4488,8658,8658,8658,8658,865Accounts receivable, net110,844111,466111,65397,07097,070

13100MRO Inventory130000% of Trade STD COGSBased on Trade STD COGSMRO Inventory9,82311,07711,37611,98111,98112,58913,19112,74614,41714,41715,44715,8586,00610,22510,22510,0179,2288,6909,1579,1579,5699,4398,8398,7718,7719,2508,8018,58910,73710,73711,2249,5168,5049,4009,40011,0779,6928,4789,3019,301- 0- 0- 0- 0- 0MRO Inventory9,1278,8918,5498,5618,561

13200Costed Raw Materials131101Days' Sales in Raw MaterialsBased on aluminum COGSCosted Raw Materials9,3715,9289,6296,5796,5799,81711,83018,67913,98613,9868,5249,71613,0328,7528,75211,8176,3835,7667,9767,9767,0937,8498,19810,53810,53812,1539,3548,76910,15510,15514,74110,9629,89311,05511,05514,43111,0909,82611,02111,021- 0- 0- 0- 0- 0Costed Raw Materials7,2337,7307,4328,2438,243

13300WIP132101Days' Sales in WIPBased on Trade STD COGSWIP24,53124,93929,26634,20634,20640,65630,55129,87326,14726,14732,43830,04232,21731,92331,92333,57927,90232,55130,72830,72827,68126,09633,91229,90629,90632,54332,94639,03928,81828,81839,47538,60844,04131,37231,37238,64439,06043,74131,27531,275- 0- 0- 0- 0- 0WIP27,86629,78228,63531,75931,759

13400Finished Goods133101Days' Sales in Finished GoodsBased on Trade STD COGSFinished Goods20,27818,71921,40323,36423,36421,43324,24121,89215,15415,15419,89919,80620,05822,96522,96524,11231,37126,57026,35526,35525,49225,68525,54023,92723,92724,19325,78920,97923,05723,05729,34730,22123,66725,10025,10028,72930,57423,50625,02325,023- 0- 0- 0- 0- 0Finished Goods25,51525,54325,38925,39925,399

13500Consignment134000Straight line Consignment1,4011,3372,0471,7711,7711,055777777777777777777777777777777777777777Consignment77777

13610Obsolete/Slowing Reserve135001% of Finished Goods Obsolete/Slowing Reserve(13,521)(12,071)(10,987)(10,723)(10,723)(9,872)(9,594)(8,784)(4,629)(4,629)(4,930)(4,972)(262)(116)(116)(146)(124)(150)(145)(145)(169)(156)(191)(216)(216)(252)(246)(316)(208)(208)(305)(288)(357)(226)(226)(299)(292)(354)(225)(225)- 0- 0- 0- 0- 0Obsolete/Slowing Reserve(191)(191)(190)(190)(190)

13630FIFO ReserveNot budgeted FIFO Reserve3,0663,652537,8467,8465,1889,7587,4291,9871,987(2,166)(3,118)(4,377)(1,713)(1,713)(768)(4,354)(5,511)(6,708)(6,708)(3,605)(2,254)1,6231,6991,699(2,639)(6,889)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)(14,772)00000FIFO Reserve- 0- 0- 0- 0- 0

13640LCM ReserveNot budgeted LCM Reserve(173)(250)(204)(191)(191)(186)(214)(148)(142)(142)(133)(129)(142)(133)(133)(564)(181)- 0- 0- 0- 0- 0(118)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 000000LCM Reserve- 0- 0- 0- 0- 0

13650Std Cost Rev ReserveNot budgeted Standard Cost Revisions- 05262864645014851664017363648(33)(258)(178)(178)(188)(67)(137)4444(5)(213)(74)(74)(74)(74)(74)(74)(74)(74)(74)(74)(74)(74)(74)00000Standard Cost Revisions- 0- 0- 0- 0- 0

13600Inventory ReservesInventory Reserves(10,628)(8,143)(11,535)(3,004)(3,004)(4,819)98(1,453)(2,778)(2,778)(7,189)(8,218)(4,773)(1,925)(1,925)(1,430)(4,693)(5,919)(7,030)(7,030)(3,962)(2,477)1,1771,5281,528(3,112)(7,486)(15,562)(15,054)(15,054)(15,151)(15,134)(15,203)(15,072)(15,072)(15,145)(15,138)(15,200)(15,072)(15,072)00000Inventory Reserves(191)(191)(190)(190)(190)

13000Inventories NetOperating2 Inventories, net54,77653,85662,18674,89774,89780,73079,91981,74566,93366,93369,12667,21266,54671,94871,94878,10270,19867,66567,19367,19365,88066,59977,67474,67774,67775,03369,41261,82257,72157,72179,64374,18070,90961,86261,86277,74275,28570,35761,55661,55677777Inventories, net69,55771,76369,82373,78073,780

14000Income Tax Receivable141001Operating5Supporting Schedules Income taxes receivable35(0)(0)1,2211,2211,2212,9803,8234,9504,9501,9933,6691,9034,9254,9254,0344,4605,5757,5847,5844,4502,2646,3043,7403,7401,7841,4202,6632,6632,6632,3332,3332,3332,3332,3332,3332,3332,3332,3332,3332,3332,3332,3332,3332,333Income taxes receivable4,3043,3042,0042,0042,004

14100Current Def Tax Asset141010Operating4Straight line Deferred income taxes7,0981,8212,0393,9203,9206,2456,1103,8145,2995,2995,9995,6415,5137,9357,9358,0547,9047,9457,9177,9177,9147,9257,8549,8979,8979,8129,7649,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,5719,571Deferred income taxes7,8547,8547,8547,8547,854

14210Ppd Taxes142101 Straight line Ppd Taxes9973(201)(81)(81)(52)6064323210761742626110606422221469070171711591474747474747474747474747474747474747Ppd Taxes7070707070

14220Ppd Insurance143101 Straight line Ppd Insurance1635561,0275735732197851,3768438433339221,7931,1271,1278691,0361,4719419414988631,5451,0111,0119451,3761,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,4681,468Ppd Insurance1,5451,5451,5451,5451,545

14230Ppd Rent144000 Straight line Ppd Rent1603535353535353535353739413535353638545450474339394629292929292929292929292929292929292929Ppd Rent4343434343

14240Ppd Aluminum145400 Days' Sales in Prepaid Ppd Aluminum19,5177,07618,02826,88426,8843,30417,93518,95111,74311,74310,7346,8776,50710,63310,63315,62810,74210,8336,1146,11414,59910,74411,71514,40414,40421,50818,3598,91712,85812,85817,67912,29813,44715,67915,67919,09312,49513,70216,03916,03920,65512,88410,99715,58315,583Ppd Aluminum17,72812,44813,4887,5867,5865,279

14250Ppd Other146105 Straight line Ppd Other1,3041,5031,3981,3351,3351,1382,4112,518131131121642,5782,4772,4771,6421,2921,0751,7181,7181,2049396792,2962,2962,3621,8031,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,9071,907Ppd Other679679679679679

14200Ppd & Other Curr AssetOperating3Other current assets21,2439,24320,28828,74728,7474,64321,22622,94412,78512,78511,3337,96310,99414,29914,29918,28413,16613,4818,8498,84916,49812,68314,05217,76817,76824,97621,65812,36716,30816,30821,12915,74816,89719,12919,12922,54315,94517,15219,48919,48924,10516,33414,44719,03319,033Other current assets20,06514,78515,8259,9239,923

14900Assets Held for SaleInvestingNot budgeted Assets held for sale6,7586,7576,6054,5484,5484,5484,2094,2091,5001,5001,5001,500- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,0001,2351,235- 02,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,8972,897Assets held for sale- 0- 0- 0- 0- 0

100Current AssetsTotal current assets326,786350,765363,784381,612381,612399,107398,725395,172404,283404,283415,049426,799425,604404,909404,909412,432408,817401,149384,218384,218364,482331,360297,849276,011276,011265,397266,084259,172264,432264,432282,791279,137283,509288,097288,097299,713308,051313,334319,727319,727171,972162,108173,709147,744147,744Total current assets259,586262,671259,683273,265273,265

0 - 0- 0- 0- 0- 0- 0- 0- 0- 0 - 0

17000PP&E Cost170010Investing1Schedule PP&E500,556483,045486,264491,856491,856500,244509,965479,726474,986474,986492,471482,160492,039494,794494,794514,453507,757548,404581,123581,123612,977632,824628,430605,554605,554608,004598,879584,054591,233591,233598,882606,532614,181621,830621,830628,255634,680641,105647,530647,530655,030662,530670,030677,530677,530PP&E657,038667,746676,509683,251683,251

18000PP&E Accum Dep180020 Schedule PP&E Accum Dep(320,383)(311,059)(319,031)(324,649)(324,649)(332,058)(342,198)(331,036)(329,239)(329,239)(342,289)(339,924)(344,942)(347,250)(347,250)(361,197)(357,953)(361,627)(361,231)(361,231)(367,701)(370,355)(369,912)(350,519)(350,519)(353,728)(351,230)(344,251)(353,343)(353,343)(363,788)(374,269)(384,091)(393,978)(393,978)(403,450)(412,914)(421,836)(430,813)(430,813)(430,813)(430,813)(430,813)(430,813)(430,813)PP&E Accum Dep(389,855)(399,482)(409,422)(419,697)(419,697)

Manual SumPP&EInvestingBeg. Bal + CapEx - DeprProperty, plant and equipment, net180,173171,986167,233167,207167,207168,186167,767148,689145,747145,747150,182142,237147,097147,543147,543153,257149,804186,776219,892219,892245,276262,469258,518255,035255,035254,276247,649239,803237,890237,890235,094232,263230,090227,853227,853224,805221,767219,269216,717216,717224,217231,717239,217246,717246,717Property, plant and equipment, net267,183268,265267,087263,554263,554

19000Investment in Subs191010InvestingStraight lineInvestment in SynergiesInvestment in unconsolidated affiliate20,64602,5004,5004,5004,8464,7944,7424,7254,7254,6384,6384,6384,6384,6384,6384,6384,6384,5654,5654,5594,5224,5002,0002,0002,0002,0002,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,0132,013Investment in unconsolidated affiliate4,5004,5004,5004,5004,500

19100LT Deferred Tax Asset195500Operating4Straight lineLT Deferred Tax AssetNon-current deferred income taxes, net018,32421,670- 0- 0- 0- 0- 016,79516,79514,10411,63347117,03917,03917,39817,30717,29014,664

William McBride: William McBride:decrease due to SERP, actuarial gain adj. to OCI. Non cash related.14,66414,87814,78215,10517,85217,85215,39615,21617,48117,48117,48118,94518,94518,94518,94518,94518,94518,94518,94518,94518,94518,94518,94518,94518,94518,945Non-current deferred income taxes, net15,10615,10615,10615,10615,106

19800Other Long Term Assets193110Operating3Straight lineSERPOther non-current assets16,63719,95817,75419,12319,12318,45717,51718,20821,68221,68222,98322,55027,69325,47225,47225,83329,60729,13330,04830,04831,91630,79429,73529,01129,01129,43830,48730,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,39130,391Other non-current assets29,73529,73529,73529,73529,735

16000Long Term AssetsTotal long-term assets217,457210,269209,157190,830190,830191,489190,079171,639188,948188,948191,907181,058179,899194,693194,693201,127201,355237,838269,170269,170296,629312,567307,858303,898303,898301,110295,351289,688287,775287,775286,443283,612281,439279,202279,202276,154273,116270,618268,066268,066275,566283,066290,566298,066298,066Total long-term assets316,523317,605316,427312,894312,894

1AssetsTotal Assets544,243561,033572,941572,442572,442590,596588,804566,811593,231593,231606,956607,857605,504599,601599,601613,559610,172638,987653,388$653,388661,111643,927605,707579,910$579,910$566,507$561,435$548,860$552,207$552,207$569,234$562,748$564,947$567,299$567,299$575,868$581,167$583,952$587,793$587,793$447,538$445,174$464,276$445,810$445,810Total Assets$576,110$580,276$576,110$586,160$586,160

Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity

Current Liabilities Current Liabilities

22000Accounts Payable211001Operating6Supporting Schedules Accounts payable26,01732,40131,49630,230$30,23030,16924,36926,29529,018$29,01830,79538,98436,02432,400$32,40032,55732,24533,36634,494$34,49432,63231,70925,97123,93823,93822,49022,93626,22829,126$29,12641,26433,05031,02933,697$33,69734,53033,97929,45532,220$32,220(90,642)(88,435)(64,562)(78,190)($78,190)Accounts payable16,89720,78019,02428,473$28,473

23100Payroll & Benefits221001Operating7Supporting Schedules Payroll & Benefits12,29412,77814,39313,23913,23915,08314,98615,31714,73914,73915,45115,30417,00314,02614,02616,41115,25517,52616,07616,07616,28715,31718,35514,70914,70913,99512,76514,31213,22813,22814,47813,53214,64712,48012,48014,38513,74514,91712,73112,731- 0- 0- 0- 0- 0Payroll & Benefits16,14816,08815,56215,70015,700

23200Insurance Reserves223501Operating7Straight line Insurance Reserves2,2901,8182,0512,1742,1742,0401,9321,9372,1072,1071,9371,9431,8181,7381,7381,5712,0622,0401,9371,9371,9311,9461,8621,7881,7881,5991,5601,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,5471,547Insurance Reserves1,8621,8621,8621,8621,862

23300Interest & Dividends223901Financing1Supporting Schedules Interest and Dividends4,2674,2674,2734,2904,2904,3124,3444,3464,3474,3474,3504,3564,360- 0- 0- 0- 05494,8844,8844,8844,8394,7944,8624,8624,9304,9714,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,9594,959Interest and Dividends4,7944,7944,7944,7944,794

23400Taxes Other Than Income224011Operating7Straight lineVAT Tax, Comp Withholding, Sales&UseTaxes Other Than Income10,63013,01913,46112,91712,91713,63711,86911,43011,77611,77612,04013,2049,0778,1918,1918,4143,4884,0645,7305,7307,6158,1187,2396,9616,9617,1597,5645,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,4625,462Taxes Other Than Income7,2397,2397,2397,2397,239

239996Other Accrued Liab-USD224011Operating7Straight line Other Accrued Liab-USD- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 07,27317,56517,56524,66220,8047,9613413410- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other Accrued Liab-USD- 0- 0- 0- 0- 0

239997Other Accrued Liab-EUR224011Operating7Straight line Other Accrued Liab-EUR- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 04,9817,4857,4857,6204,1941,2092,7662,766990- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other Accrued Liab-EUR- 0- 0- 0- 0- 0

239998Other Accrued Liab-MXN224011Operating7Straight line Other Accrued Liab-MXN- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 03,8212,6182,6182,2462,671458983983435- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other Accrued Liab-MXN- 0- 0- 0- 0- 0

OtherOther4,7153,8253,8772,1962,1962,2501,6691,7721,4051,4052,5302,6612,3902,2782,2781,9091,6732,5902,5652,5653,7362,6153,0628,2788,2789,6649,52614,247- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other- 0- 0- 0- 0- 0

23500Other Accrued Liab239401Investing1Supporting Schedules Other Accrued Liabilities4,7153,8253,8772,1962,1962,2501,6691,7721,4051,4052,5302,6612,3902,2782,2781,9091,67318,66630,23430,23438,26530,28512,69012,36812,36811,0899,52614,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,24714,247Other Accrued Liabilities3,0623,0623,0623,0623,062

23000Accrued Expenses Accrued expenses34,19635,70838,05634,81634,81637,32334,80134,80134,37434,37436,30837,46734,64826,23326,23328,30522,47842,84558,86158,86168,98160,50544,93940,68940,68938,77136,38640,52639,44239,44240,69139,74640,86138,69438,69440,59839,95841,13038,94538,94526,21426,21426,21426,21426,214Accrued expenses33,10433,04432,51832,65632,656

24000Income Tax Payable247100Operating5Straight lineFederal and foreign taxes payableIncome tax payable2,23476141(0)(0)4,8861,495(0)008209693,1781,9571,957(52)351000326(27)2,2362,2361,5322,8240001,1341,1341,1341,1341,1341,1341,1341,1341,1341,1341,1341,1341,1341,1341,134Income tax payable(27)(27)(27)(27)(27)

25000Current Def Tax LiabOperating4Not budgeted Deferred tax liability- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Deferred tax liability- 0- 0- 0- 0- 0

25200Current Tax Liabilities249100Operating7Not budgeted Current tax liabilities- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0300300300- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Current tax liabilities- 0- 0- 0- 0- 0

26000Deferred Revenue250100Operating7Straight line Deferred revenue6,7347,9155,4405,4915,4915,5355,0115,4275,1585,1584,7264,7355,7085,6885,6886,0096,1766,0716,0756,0755,8385,5015,8015,1005,1004,5774,4903,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,5913,591Deferred revenue5,8015,8015,8015,8015,801

20001Current LiabilitiesTotal current liabilities69,18176,10075,13470,53870,53877,91365,67766,52368,55068,55072,64982,15579,55866,57866,57867,11961,24982,28299,43099,430107,48397,72176,68471,96271,96267,37166,63670,34572,15972,15986,68177,52276,61577,11677,11679,85478,66375,31175,89075,890(59,703)(57,496)(33,623)(47,251)(47,251)Total current liabilities55,77659,59957,31766,90366,903

27200Intercompany Liabilities260107Not budgeted Intercompany Liabilities30000(0)00(0)(0)(0)(0)(0)(0)(0)(0)(0)(0)00(0)(0)(0)(0)(0)0(0)111111111111111111Intercompany Liabilities(0)(0)(0)(0)(0)

27700LT Def Tax Liability284050Operating4Supporting SchedulesDue to accelerated depreciationNon-current deferred income tax liabilities, net32,65446,43749,05525,49225,49226,12221,70914,833(0)(0)(0)(0)(0)18,87618,87619,95518,66318,96921,07021,07021,00321,07220,35415,12215,12215,51315,21913,95013,95013,95013,13312,31611,49810,68110,68110,2819,8819,4819,0819,0818,3087,5356,7625,9895,989Non-current deferred income tax liabilities, net18,54417,66416,78315,90315,903

27800LT Tax Liabilities285000Operating8Supporting SchedulesFin48 adjustments - LT liability for uncertain taxNon-current income tax liabilities29,13129,37230,33733,04933,04934,80036,03831,44933,10233,10237,22229,2129,74411,32811,32811,97711,73012,25515,05015,05015,56816,01916,15413,62113,6217,0577,1908,2298,2298,2298,0087,7867,5647,3437,3437,0596,7766,4926,2096,2096,4096,6096,8097,0097,009Non-current income tax liabilities13,48113,68112,71511,87011,870

27900Other LT Liabilities289001Operating7Straight line Other non-current liabilities31,86829,14430,01329,88129,88129,96629,16029,61331,06331,06330,95731,13933,20635,91435,91435,67439,52238,50034,77534,77534,42234,03834,61540,19940,19940,65540,07643,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,08043,080Other non-current liabilities34,61534,61534,61534,61534,615

27000Long Term LiabilitiesTotal long-term liabilities93,656104,953109,40588,42288,42290,88986,90775,89564,16664,16668,17860,35242,95066,11866,11867,60669,91569,72470,89470,89470,99271,12971,12368,94268,94263,22562,48565,26065,26065,26064,22163,18262,14361,10461,10460,42159,73759,05458,37058,37057,79757,22456,65156,07856,078Total long-term liabilities66,64065,95964,11362,38862,388

Manual SumTotal Liabilities 162,838181,053184,539158,960158,960168,802152,584142,418132,716132,716140,827142,507122,508132,696132,696134,725131,164152,007170,325170,325178,476168,850147,807140,904140,904130,596129,122135,605137,420137,420150,902140,704138,758138,220138,220140,274138,400134,364134,260134,260(1,906)(271)23,0298,8288,828Total Liabilities 122,416125,558121,430129,291129,291

Shareholders' Equity Shareholders' Equity

291000Common Stock291000Operating9Straight line Common Stock57,08257,90258,26561,67561,67563,75967,46468,12668,77568,77569,62770,19371,00271,81971,81959,67660,69960,76060,94560,94561,69862,54063,35965,21465,21468,74070,44069,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,99369,993Common Stock63,35963,35963,35963,35963,359

291001Stock Option Tax Effects291001Operating9Straight line Stock Option Tax Effects- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,0911,3401,303192192126(113)(146)(224)(224)(416)(1,614)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)(1,688)Stock Option Tax Effects(146)(146)(146)(146)(146)

291002Stock Based Compensation291002Operating9Reference P&LBased on Q1'13 plus forecasted stock based comp. (A/C 635100).Stock Based Compensation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 012,02212,14812,98314,16814,16814,78815,41015,99916,48316,48317,04117,75318,54319,15219,15219,72820,30320,87821,45221,45222,32723,20224,07724,95224,95225,69526,52627,15827,72527,725Stock Based Compensation17,01617,52918,04218,55518,555

29100Capital Stock Capital Stock57,08257,90258,26561,67561,67563,75967,46468,12668,77568,77569,62770,19371,00271,81971,81972,78974,18775,04675,30575,30576,61277,83779,21381,47381,47385,36586,57986,84887,45887,45888,03388,60889,18389,75889,75890,63391,50892,38393,25893,25894,00094,83195,46396,03096,030Capital Stock80,22980,74281,25581,76981,769

29200APIC292000Not budgeted APIC- 0- 0- 0- 0- 0- 00000000000000000000000- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0APIC- 0- 0- 0- 0- 0

29310Beg Retained Earnings293000Beg Retained Earnings372,994372,994372,989424,633424,633424,633424,633424,633491,802491,802491,802491,802491,802491,802491,802522,693522,693522,693522,693522,693545,517545,517545,517545,517545,517554,320554,320554,320554,320554,320581,644581,644581,644581,644581,644612,957612,957612,957612,957612,957653,234653,234653,234653,234653,234Beg Retained Earnings552,182552,182552,182552,182552,182

29999Current Earnings299999 Current Earnings8,89718,98729,385- 0- 08,05422,75426,982- 0- 06,73313,14728,20430,89130,8914,93411,25816,42922,82422,8244,8229,8617,4428,8038,8034,33410,86615,81427,32427,3247,79915,76724,16831,31331,31310,47121,60032,37640,27640,276- 0- 0- 0- 0- 0Current Earnings5,61811,01215,34521,90221,902

295000Ret Earnings -SUP Buyback295000 Share Repurchase- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(6,969)(6,969)(8,548)(18,071)(25,605)(25,605)(25,605)(27,329)(31,893)(37,494)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)(43,251)Share Repurchase(25,605)(25,605)(25,605)(25,605)(25,605)

29320Dividends Declared294000Financing1Straight line Dividends Declared(4,267)(8,534)(12,814)(17,104)(17,104)(21,423)(25,769)(30,115)(34,462)(34,462)(38,811)(43,167)(47,527)(64,993)(64,993)(64,993)(64,993)(65,542)(70,427)(70,427)(75,314)(80,159)(84,942)(89,756)(89,756)(94,615)(99,455)(104,224)(109,054)(109,054)(113,885)(118,715)(123,546)(128,376)(128,376)(133,207)(138,037)(142,868)(147,698)(147,698)(152,529)(157,359)(162,190)(167,020)(167,020)Dividends Declared(94,708)(99,591)(104,474)(109,357)(109,357)

29300Retained EarningsRetained Earnings377,623383,447389,561407,529407,529411,264421,618421,500457,341457,341459,724461,782472,479457,700457,700462,634468,958473,580468,122468,122466,478457,148442,412438,959438,959436,711433,838428,417429,339429,339432,308435,445439,016441,330441,330446,970453,269459,214462,284462,284457,454452,623447,793442,962442,962Retained Earnings437,487437,998437,448439,123439,123

29400Accumltd OCI Gain/Loss296000Straight line Accumulated other comprehensive loss(53,300)(61,369)(59,424)(55,722)(55,722)(53,228)(52,861)(65,233)(65,600)(65,600)(63,223)(66,625)(60,484)(62,614)(62,614)(56,589)(64,138)(61,646)(60,363)(60,363)(60,455)(59,908)(63,726)(81,425)(81,425)(86,164)(88,103)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)(102,009)Accumulated other comprehensive loss(64,023)(64,023)(64,023)(64,023)(64,023)

29000Shareholders' EquityBeg. Bal+NI-Div+(-)OtherTotal Shareholders' Equity381,405379,981388,402413,482413,482421,795436,220424,393460,515460,515466,129465,350482,996466,905466,905478,834479,008486,980483,063483,063482,636475,077457,900439,006439,006435,912432,313413,255414,787414,787418,332422,044426,189429,078429,078435,593442,768449,587453,533453,533449,444445,445441,247436,983436,983Total Shareholders' Equity453,694454,718454,681456,869456,869

20000Liabilities & SH EquityTotal Liabilities and Shareholders' Equity544,243561,033572,941572,442$572,442590,596588,804566,811593,231$593,231606,956607,857605,504599,601$599,601613,559610,172638,987653,388$653,388661,111643,927605,707579,910$579,910566,507561,435548,860552,207$552,207569,234562,748564,948567,299$567,299575,868581,168583,952587,793$587,793447,538445,174464,276445,810$445,810Total Liabilities and Shareholders' Equity576,110580,276576,110586,160$586,160

Balance check0(0)0(0)000(0)- 0- 0(0)(0)(0)(0)0.00.0(0.0)(0.0)(0.0)(0.0)(0.0)(0.0)(0.0)(0.0)(0.0)(0)($0.0)($0.0)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)($0.1)(0)(0)(0)(0)(0)Balance check(0.000000)(0.000000)(0.000000)(0.000000)(0.000000)

xAccountBudget assumptionMappingDescription(USD in thousands)Fiscal Year Ended December 31,2010.Q12010.Q22010.Q32010.Q420102011.Q12011.Q22011.Q32011.Q420112012.Q12012.Q22012.Q32012.Q420122013.Q12013.Q22013.Q32013.Q420132014.Q12014.Q22014.Q32014.Q420142015.Q12015.Q22015.Q32015.Q42015F2016.Q12016.Q22016.Q32016.Q42016B2017.Q12017.Q22017.Q32017.Q42017B2018.Q12018.Q22018.Q32018.Q42018F(USD in thousands)Fiscal Year Ended December 31,2015.Q12015.Q22015.Q32015.Q42015B

99999 NET INCOME (LOSS)$8,897$10,090$10,398$22,258$51,643$8,054$14,700$4,228$40,187$67,169$6,733$6,414$15,056$2,687$30,891$4,934$6,324$5,171$6,395$22,824$4,822$5,039($2,419)$1,361$8,803$4,334$6,533$4,948$11,510$27,324$7,799$7,968$8,401$7,145$31,313$10,471$11,130$10,775$7,901$40,276- 0- 0- 0- 0- 0NET INCOME (LOSS)$5,618$5,394$4,333$6,558$21,902$11,012

Adjustments to reconcile net income (loss)Adjustments to reconcile net income (loss)- 0

to net cash provided by operating activities:to net cash provided by operating activities:- 0

42191MFG-Depreciation & Amort6,1425,8486,0046,358$24,3536,4436,5076,7456,507$26,2026,4386,6899,7828,748$31,6577,6998,0208,2348,428$32,3809,8079,9269,2529,236$38,2218,8348,9098,3528,327$34,422- 08,5859,0729,3709,624$36,652$17,657

44191CSD-Depreciation & Amort34346169$19869675653$24651494937$186434026214$32357634739$20557634739$205- 057634739$205$120

61191ADM-Depreciation & Amort435440456463$1,794463476517544$2,0005665891,643914$3,712780433409447$2,069575485516604$2,181575485516604$2,181- 0575485516604$2,181$1,060

62191SEL-Depreciation & Amort4445$185555$196777$276433$156788$286788$28- 06788$28$13

Depreciation29,09327,5386,6166,3266,5256,89526,3626,9807,0557,3237,10928,4667,0617,33511,4819,70535,5828,5288,4968,6719,09234,78710,44610,4819,8229,88640,6359,4729,4638,9238,97736,836- 0- 0- 0- 0- 0Depreciation9,2249,6279,94110,27439,066$18,850

Operating8Fin48 and VATReserve changes- 0- 0(25,175)(1,100)(26,275)3564184052,5513,730523419374(1,897)(581)(6,452)1361,050- 0(5,266)(222)(222)(222)(222)(887)(283)(283)(283)(283)(1,134)200200200200800Reserve changes(2,973)200(967)(845)(4,584)($2,773)x($2,606)

Loss on sale of investment4,110- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Loss on sale of investment- 0- 0- 0- 0- 0- 0

Impairment of long-lived assets1,1531,336- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 02,5002,500- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Impairment of long-lived assets- 0- 0- 0- 0- 0- 0

Not budgetedOther 55107(202)62153(601)(588)319(170)54(607)(404)2181,734770(273)2,4491,04449203- 01,297- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other - 0- 0- 0- 0- 0- 0

Operating9Non-cash expense (A/C 635100). Approx. $2M Annl.Stock based compensation2,3732,2514845175055662,0725394475141,1852,6856196905234832,3155597117906102,6695765755755752,3008758758758753,5007428316325662,772Stock based compensation5135135135132,052$1,026x

Equity losses (earnings) of joint venture, net of dividends received2,847- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Equity losses (earnings) of joint venture, net of dividends received- 0

Not budgetedNet (gain) loss on disposal of assets486- 0- 0161171332- 0- 0(6)(4)(10)- 0- 0116(5)111(534)(97)(31)- 0(662)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Net (gain) loss on disposal of assets- 0- 0- 0- 0- 0- 0

Operating4Per G.BormanDeferred Income Taxes8,627(38,704)(2,898)6,70310,417(596)13,626(339)16(22)2,2451,900(341)(201)(431)(4,229)(5,202)4,227(1,638)551- 03,140(817)(817)(817)(817)(3,269)(400)(400)(400)(400)(1,600)(773)(773)(773)(773)(3,092)Deferred Income Taxes(880)(880)(880)(880)(3,521)($1,761)

Not budgeted(Gain) loss on disposition of fixed assets- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(Gain) loss on disposition of fixed assets- 0- 0- 0- 0- 0- 0

Not budgetedGain on Land Grant- 0- 0- 0- 0- 0- 0- 0- 0(681)(681)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Gain on Land Grant- 0- 0- 0- 0- 0- 0

Not budgetedUnrealized foreign exchange (gain)/loss- 0- 0(299)299- 0- 0(70)70- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Unrealized foreign exchange (gain)/loss- 0- 0- 0- 0- 0- 0

Changes in operating assets and liabilities:Changes in operating assets and liabilities:- 0

Operating1Accounts Receivable(22,136)(11,016)(6,423)(4,098)10,06721,88221,428(14,779)6,253(13,087)30,6879,074(18,946)(4,346)6,421687(16,184)(3,855)2,891(17,350)9,576(8,738)(20,467)12,979(17,107)20,777(3,818)(16,535)9,249(14,949)21,984(251)104,583- 0- 0- 0104,583Accounts Receivable(22,992)(622)(187)14,583(9,218)($23,614)

Operating2Inventories(25,832)4,609(2,835)2,079(4,710)(2,879)(8,345)(5,837)8,2752,8784005,716488(1,437)(10,624)2,276(9,297)(1,192)6,3877,0854,10116,380(21,922)5,4623,2719,048(4,141)(15,880)2,4574,9288,80130661,549- 0- 0- 061,549Inventories2,245(2,206)1,940(3,957)(1,978)$39

Operating7Other AccruedOther liabilities4,4486,6562,1554,1004,825(2,296)8,7843,1211341,4172,4787,1504,126(1,262)

William McBride: William McBride:($2.1M)-Borick Retirement5,428(3,461)4,831797(294)707(1,084)1261,250(945)1,114(2,167)(748)1,904(640)1,172(2,186)251(12,731)- 0- 0- 0(12,731)Other liabilities(2,104)(60)(526)138(2,552)($2,164)x

Operating3Primarily Prepaid AluminumOther assets(23,961)8,031(382)1,570(4,018)(5,296)(8,126)(5,879)(1,382)1,9741,717(3,570)(10,402)3,986(2,538)(5,016)(13,970)(8,478)2768,009(3,941)(4,134)(4,822)5,381(1,149)(2,231)(2,821)(3,414)6,598(1,207)(2,337)(360)(4,616)7,7711,886(4,586)456Other assets(10,773)5,279(1,039)5,901(632)($5,494)

Other assets, net(19,512)14,6871,7735,670807(7,592)658(2,759)(1,248)3,3914,1953,579(6,276)2,7242,890(8,477)(9,139)(7,681)(18)8,716(5,025)(4,007)(3,572)4,436(35)(4,398)(3,569)(1,510)5,958(35)(4,523)(110)(17,347)7,7711,886(4,586)(12,275)Other assets, net(12,877)5,219(1,565)6,040(3,183)($7,657)

Operating6Accounts payable5,488(719)1,2268,447(4,186)(2,803)2,684(804)768411(2,924)(2,549)(2,015)(1,895)(827)(1,372)(6,109)(682)5403,5102,8996,26712,137(8,213)(2,022)2,6684,570833(551)(4,524)2,765(1,477)(122,862)2,20823,873(1

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Third Quarter 2016 Earnings Conference Call October 27, 2016 · This webcast and presentation contain statements that are forward -looking statements within the meaning of the Private