Acquisition of AEES Investor Presentation

0 Acquisition of AEES Strong underlying market PKC GROUP North American heavy truck production North American medium duty production 400 400 2009-2013E CAGR: 30% 2009-2013E CAGR: 19% 350 350 300 300 250 250 200 200 150 150 100 100 50 50 50 50 2000A 2001A 2002A 2003A 2004A 2005A 2006A 2007A 2008A 2009A 2010E 2011E 2012E 2013E 0 2000A 2003A 2004A 2005A 2001A 2002A 2006A 2007A ■Units in thousands • Record 2006 production was driven by pre-emission buys and followed by a natural market decline • • Low production volumes in 2009-2010 due to limited economical visibility Sharp recovery expected in the near future as fleet ages highest in decades Source: J.D. Power and A.C.T Research. ■Units in thousands • Also the medium duty market declined rapidly in 2008-2009 caused by free-fall in housing market Healthy market growth ahead as inter-city deliveries pick-up with economical activity 2008A 2009A 2010E 2011E 2012E 2013E 10

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