Click to edit Master text styles Second level Third level Fourth level Fifth level. look out for

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1 Click to edit Master title style Machine Tools Types, Technology and what to Click to edit Master text styles Second level Third level Fourth level Fifth level look out for Bill Davidson Koster Industries, Inc. February 13,

2 Click to edit Master title style Two basic categories of Click to edit Master text styles Second level Machine Tools Third level Classic Fourth level Automated Fifth level 2

3 Click to edit Master title style Classic Machine Tools Click to edit Master text styles Mills Second level Grinders Third level Saws Fourth level Press Brakes Shears Fifth level Lathes Presses, etc. 3

4 Click to edit Master title style Automated (CNC/NC) Click to edit Master text styles Second level Third level Fourth level Fifth level Turning Centers Vertical Machining Centers Horizontal Machining Centers Boring Mills Press Brakes Drills Punches Screw Machines, etc. 4

5 Click to edit Master title style Over the last 50 years, there have Click to edit Master text styles Second level Third level Fourth level Fifth level been few major technological advancement in the majority of Classic Machine Tools...therefore, technology is not necessarily a big value driver for these tools 5

6 Click to edit Master title style Why little change? Click to edit Master text styles Second automation level Third level within the automotive industry Fourth level Fifth level Most are very basic single operator, minimal Estimated that 50% of all machine tools are About 25% within non-mechanical industries (medical, plastic, printing, textile, fabrication,etc.) Remaining 25% within aerospace, defense and other industries 6

7 So, Click where to edit is Master all the title change style Click to edit Master text styles Second level Automated Machine Tools Third level Smart Machines Fourth level Fifth level occurring? DNC (Downloadable Numerically Controlled) 7

8 Click to edit Master title style Smart Machines Click to edit Master text styles Second level Third level Fourth when level deviations occur Fifth level Tools that can make decisions about manufacturing processes in real time Tools that understand how to make a part Tools that monitor, diagnose and correct Tools that manage remaining life of the cutting tools, spindles, bearings, slides so you know how long to continue without degradation an quality 8

9 Click DNC to edit (Downloadable Master title style Click to edit Master text styles Second level Third level Fourth level Fifth level Numerically Controlled) Network-based CNC machines Reduces steps between design engineering and manufacturing 9

10 Click What to are edit some Master things title style that affect the value of your Click to edit Master text styles Second level equipment? Third level Auctions (marketplace) Fourth level Condition Fifth level Usage Age 10

11 Click to edit Master title style How to protect yourself? Click to edit Master text styles Second level Third ensure level it is realistic Fourth term level of the lease Fifth Review levelmaintenance records Conduct a pre-inspection of the equipment Have someone review the purchase cost to Conduct periodic inspections throughout the Conduct an inspection 60 to 90 days from end of lease 11

12 Comments on Return Provisions Click to edit Master title style ELFA Return Provision Recommendations cover these points: Lessee must allow Lessor to show the machine to prospective buyers. Machine must be under power and able to demonstrate the basic functions of the Click machine. to edit Master text styles Second level tear Third factored. level Fourth level Fifth level 90 to 120 days prior to lease termination Equipment should be inspected by the manufacturer, or someone acceptable to Lessor, to ensure that the Equipment is operating within manufacturer guidelines with normal wear and Equipment must be returned with all manuals, maintenance records, log books, plans, drawings and schematics, inspection and overhaul records, operating requirements or other materials pertinent to the Equipment's operation, maintenance, assembly and disassembly. There will be no structural or mechanical damage. Frames, structural members, accessories and attachments must be structurally sound without breaks or cracks and in compliance with all federal, state, local and other regulatory requirements. 12

13 ELFA Return Provision Recommendations cover these points (pg 2 of 3 ): Click to edit Master title style The Equipment will be able to perform its required tasks effectively without repair, and be operational and in compliance with all federal, state, local and other regulatory requirements and shall be within manufacturer's design Click to edit Master text styles performance characteristics and tolerances. Second level and dry. Third level Fourth level be sealed to avoid spillage. Fifth level The Equipment will be clean and rust free. Sumps and tanks must be clean All internal fluids such as lube oil and hydraulic oil are to be filled to operating levels. Filler caps are to be secured and disconnected. Hoses are to Disassembly according to manufacturer's recommendations and by a licensed rigger/erector specializing in the Equipment. All proper blueprinting, mapping, tagging and labeling of each individual part including cables, electrical apparatus and wires will be included. All process fluids and/or any hazardous materials will be removed. 13

14 ELFA Return Provision Recommendations cover these points (pg 2 of 3): Click to edit Master title style All locking keys are to be together and secured to a major external component of the machine. Click to edit Master text styles Lessee is responsible for the costs associated with conformance to the lease. Second level Third level Equipment with predictable or scheduled replacements or overhaul lives shall have not less than 50% useful life remaining before the next such replacement, overhaul, recalibration or rebuild. Fourth level Fifth level 14

15 Machine Tools Equipment Leasing Association 2007 Thomas M. Hazelhurst Machinery Management LLC 1273 Humbracht Circle Bartlett IL Fax:

16 Presentation Outline Industry Statistics Market Projections Builders Positions Global Economy Multi Tasking What Are You Financing! Questions???

17 Machine Tool Consumption (Dollars)

18 Machine Tool Consumption (Units)

19 Machine Tool Consumption vs. Capacity Utilization

20 Machine Tool Consumption vs. Industrial Production

21 Machine Tool Consumption vs. Purchasing Managers Index

22 Market Projections Sales in dollars will be flat to slight increase in comparison to 2006 Sales in units will be flat to slight decrease in comparison to 2006 Supply has caught up with demand resulting in price pressure becoming more evident No significant technology changes. The continued trend of multitasking/combination function machines to lower labor content will continue.

23 Automotive Industry Impact Joe Braun, President, Braun Machinery While consumption was up in 2006, it was pretty flat or even down in Michigan. One of our key barometers is VMC's - and comparing 2006 to 2005, VMC consumption in Michigan is down about 1/3. No surprise, if you read the news - everyone is aware that GM and Ford have had a very tough year and this has been passed down to their suppliers. We expect 2007 to be more of the same. Here's a sobering fact for you - back in the 1980's and early 90's, the state of Michigan was typically the largest consumer of machine tools in the country - sometimes consuming as much as 15-18% of the nation's machine tools. In 2006 that number was about 7% - behind California and Texas..

24 Top Machine Tool Companies Company Name Country of Origin 1. Yamazaki Mazak Japan 2. Trumpf Germany 3. Gildemeister DMG Germany 4. Amada Japan 5. Okuma Japan 6. Mori Seiki Japan 7. Jtekt (Toyoda, Koyo) Japan 8. Maxcor (Cincinnati Milacron, G&L) USA 9. Shenyang China 10. Dalian China 11. Makino Japan 16. Doosan (Daewoo) Korea 17. Haas USA 35. Comau Italy 37. Hardinge USA

25 Impact of Builders Positions On Residuals Commonality Support (Parts and Service) Stability of Products Innovations Marketing Strategy (Target Niche) World Wide Market Potential

26 Global Market Statistics Consumption Country $-Millions $-Change 04 to China 10, % 2. Japan 7, % 3. USA % 4. Germany 5, % 5. Korea 3, % 6. Italy 3, % 7. Taiwan 2, % 8. Canada 1, % 9. France 1, % 10. Spain 1, %

27 Global Market Statistics Producer Country $-Millions $-Change 04 to 05 1.Japan 13, % 2.Germany 9, % 3.China 5, % 4.Italy 4, % 5.Taiwan 3, % 6.USA 3, % 7.Korea 2, %

28 Global Market Statistics Exporters Country $-Millions $-Change 04 to 05 1.Japan 6, % 2. Germany 6, % 3. Italy 2, % 4.Taiwan 2, % 5.Switzerland 2, % 6.Korea 1, % 7.USA 1, % 8.China % 9. UK % 10, Belgium %

29 Global Market Statistics Importers Country $-Millions $-Change China % 2. USA 3, % 3. Germany 2, % 4. Korea 2, % 5. Taiwan 1, % 6. Italy 1, % 7. France 1, % 8. Turkey % 9. UK % 10. Japan %

30 Multi-Tasking Throughput Multi-Tasking - The ability to perform various manufacturing operations without manual interventions. Multi-Tasking - The combinations of turning, milling, drilling and hobbing operations in one set-up Multi-Tasking - Transfer from first to second machining operation unattended Multi-Tasking - Auto load / unload during machining operations

31 Benefits of Multi-Tasking 1. Reduction of Part Cost 2. Increased Throughput 3. More Even Shipment Flow & Cash Flow 4. Increased Part Accuracy & Improvement Of Design 5. Increased Profitability 6. Fixture & Tooling Reduction 7. Unattended Operation 8. Set Up Reduction 9. Reduction Of Non Value Added Time 10.Compression Of Manufacturing Lead Times

32 Productivity Enhancements

33 Know What You Are Financing! Detailed Invoices - Beyond Make, Model & Serial Number Options May Depreciate At A Different Rate Than The Base Machine Tool Some Options May Hurt Potential Resale Value Items To Watch For Options Engineering (Turnkey) Tooling Installation Shipping & Rigging

Mexico s Fastener Imports

198 INDUSTRY Mexico s Fastener Imports Will the Industry Continue to Grow? *Note: all values in the data presented in the article are FOB value in USD and the 2016 period only represents data through the