TFS Transformation

3/23/2004


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Table of Contents

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TFS Transformation

TFS Strengths

Building on Manufacturing Expertise

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Our Display Capability is a strong differentiator because……

Display Product Trends

TFS Display Strategy

Color & Monochrome Display Technologies

US Locations

Asian High Volume Facilities

TFS Service: From Concept…to Product

Supply Chain Strength

2003 Revenue Mix

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How TFS Wins Customers

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Current Capitalization (Dec 2003)

Revenue History

2004 P&L Highlights

Balance Sheet Highlights ($ thousands)

Improved Cash Conversion Days

Cash Flow 2003 ($ thousands)

TFS Operating Model

TFS Unique Value Proposition to Shareholders

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Author: MIS