Slide 16 of 23
Notes:
- We expect the strategies we are pursuing to also drive increased returns on invested capital and cash flow.
- In fiscal ’03, ROIC was 6%, excluding the effect of the restructuring and other costs taken. The combination of higher sales, lower production and SG&A costs, and a more efficient balance sheet will result in ROIC growing to about 9% by fiscal 07.
- [click] At the same time, our divestitures and cost-cutting, coupled with expected sales growth, will be freeing up cash flow. Right now we see cumulative cash flow growing from around $58 million last year to more than $200 million in fiscal 2007.
