CPP Corporate Overview

Consolidated Precision Products (CPP) ( )

Corporate Overview

rev. 8f

CPP Corporate Overview

TABLE

OF

CONTENTS

Corporate and Divisional Review Operations & Facilities Overview Production Pl P d ti Planning System i S t Quality Certifications Machining Capabilities Processing Capabilities g p Skinning Capabilities Appendix I: Sample Parts
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CPP Corporate Overview CPPs Management Philosophy

Vision Statement To become the dominant total solutions provider of precision metal products to the aerospace industry and other high end markets. Quality Statement To establish the highest benchmark of quality delivery and quality, service for our internal and external customers. Continuous Improvement Continuous improvement comes from creative and passionate minds, and forms the foundation of our business. We encourage ongoing training and education for all our employees.

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CPP Corporate Overview Corporate Organization Chart

Steve Clodfelter Chief Executive Officer

Mike Dyar Chief Fi Chi f Financial Officer i l Offi

Ali Ghavami Chief O Chi f Operating Officer ti Offi

Mel Crosier Vice President of Sales & Marketing

Robert Foster Group Vice President, Investment Casting

TBD Group Vice President, Sand Casting

Philippe Tedesco Managing Director CPP-Europe

Bill Fanner VP of Operations Port Hueneme

Sergio Alcala VP of Operations Pomona

Fabrice Bailly Plant Manager CPP-Chteauroux

Chris James VP of Operations Industry

Steve Gallardo VP of Operations Cudahy

Patrick Loubre Plant Manager CPP-Lourdes

Dan Keefe VP of Operations Rancho

Mike McLaughlin VP of Operations Minneapolis

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CPP Corporate Overview Deep and Talented Management Team

Management Steve Clodfelter Ali Ghavami Mike D Mik Dyar, Ed. D Ed Mel Crosier Robert Foster* Bill F Fanner Chris James* Dan Keefe** Philippe T d Phili Tedesco Sergio Alcala Steve Gallardo Mike M L Mik McLaughlin hli Title President and CEO Chief Operating Officer Chief Financial Offi Chi f Fi i l Officer Corporate VP Sales Group VP, Investment Casting VP Operations, CPP-Port Hueneme (Investment) O ti CPP P t H VP Operations, CPP-Industry (Investment) VP Operations, CPP-Rancho (Investment) Managing Di t CPP E M i Director, CPP-Europe (Microcast/Aerocast, Investment) VP Operations, CPP-Pomona (Sand) VP Operations, CPP-Cudahy (Sand, Permanent Mold) VP Operations, CPP-Minneapolis (Sand) O ti CPP Mi li Years at CPP
17 15 2 5 26 23 17 11 1 15 14 2

Total Years Experience

35 32 23 35 26 23 34 31 25 17 23 31

* Years at CFI includes experience at legacy companies for Chris James and Robert Foster ** Former VP of Operations for the PAC-Industry facility

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CPP Corporate Overview Company History

CPP has achieved a strategic footprint and is poised to become a dominant total solutions provider p
1991-1994 1995-Current Future

Building
Industry Dynamics: Highly fragmentedthousands of participants 25-30 significant competitors Objective: Achieve economies of scale to cover fixed costs and overhead Capture core customers Achievements: Achieved $6 million in revenue in less than 5 years

Broadening
Industry Dynamics: Significant industry consolidation 5-6 significant competitors Objective: Expand capabilities and processes to establish strategic footprint Achievements: Executed strategic acquisitions to add complementary capabilities and processes Achieved $81 million in revenue by 2004

Evolving
Industry Dynamics: Customers looking for suppliers to manage entire manufacturing process Consolidation of supply base Objective: To become a dominant total solutions provider

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CPP Corporate Overview Historical Timeline

TIMELINE/SALES

1991

1993

1994

1996

1997

1998

1999
$34 mil

2000
$70 mil

2004

2005

2006

2007

2008

$2.0 mil $4.5 mil $6.1 mil $10.6 mil $14.1 mil $17.5 mil

$86 mil $106 mil $138 mil $178 mil $230 mil (est.)

Initial I iti l acquisition of Pyro Castings

Acquired A i d Turner Castings, consolidated at Cudahy facility

Acquired A i d GE Shell Core; added captive sand core facility

Acquired A i d Crown Foundry, consolidated it into Cudahy facility

Acquired A i d Citation Precision, Inc.; added Rancho Facility

Acquired A i d Smithford Products, consolidated it at Cudahy and Pomona facilities

Acquired Hollywood Alloy & combined with Pyro Castings

Acquired Four Star in Paramount; added investment casting capabilities

Acquired PAC in Port Hueneme; expanded investment casting capabilities

Acquired Teledyne Cast Parts; added Pomona and Industry facilities

Acquired Hitchcock Industries and Watkins Pattern

Acquired Microcast & Aerocast facilities in France

ACQUISITION TYPE

Sand & Permanent Mold Pyro Castings

Sand & Permanent Mold Hollywood Alloy

Sand & Permanent Mold Turner Castings

Investment Casting

Cores

Investment Casting

Sand & Perm Mold Casting

Investment & Sand Castings

Investment Casting (Large Alum)

Large Sand Casting (Alum/Mag)

Investment Casting (Alum/Mag) Microcast & Aerocast

Four Star

GE Shell

PAC

Crown

Teledyne

Citation

Hitchcock

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CPP Corporate Overview Versatility of Solutions

One of the largest manufacturers of highly engineered small-to-large components and sub-assemblies for aerospace and defense sub assemblies applications Broadest and most diverse product offering in the industry Capable of providing investment castings (air and vacuum) vacuum), precision sand castings, permanent mold castings, machining, finishing and sub-assembly

Diverse customers and platforms Our eight fully integrated facilities in Southern California (City of Industry, Cudahy, Pomona, Port Hueneme, Rancho Cucamonga), Minnesota (Minneapolis) and France (Lourdes, Chteauroux ) offer design to machine-complete services machine complete Long-term relationships with stable, blue-chip customer base Increasing bookings and new tooling awards $230 million in projected 2008 sales, of which 30% represent parts delivered machine complete by approximately 2,000 employees Exceptional performance record and delivery reliability

Exhaust Outer Guide Vane (OGV) Investment Casting, Steel 39 diameter x 12 height

Structural Door Sand Casting, Aluminum 43 X 18 x 4

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CPP Corporate Overview Market Diversification

Business by Market Segment
Other 3%

Helicopter 7% Regional/ Business Jets 12%

Military/ Defense 47%

Large Commercial Aircraft 31%

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CPP Corporate Overview A Global Customer Base

GERMANY U.K. CANADA FRANCE SPAIN ITALY U.S. ROMANIA ISRAEL CHINA INDIA SINGAPORE TAIWAN POLAND SWITZERLAND TURKEY S. KOREA JAPAN

BRAZIL

SOUTH AFRICA

AUSTRALIA

Countries with CPP Customers

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CPP Corporate Overview Top Customers

International, blue chip customer base

CPP has a diverse c stomer base consisting of both domestic and di erse customer base,

international companies serving a wide range of military and commercial applications

Customer Markets Served Key Programs

Airbus Bell Helicopter/Textron Boeing General Electric Hamilton Sundstrand Corporation Honeywell International, Inc. International Inc Lockheed Martin Corp. Pratt & Whitney Canada Rolls-Royce Group Spirit Aerosystems Vought Aircraft Industries, Inc.

Commercial Military/Helicopter Military/Commercial Commercial Commercial Military/Commercial Military Military/Commercial Commercial Commercial Military

A318, A319/320/321, A330, A340, A380 V-22, 609, ARH 737, 747, 777, 737 747 777 787 T700, CT7, CF34-38, LM6000 A320/A321, 777, 737, CFM56, Trent 1000 Various F-16, F-22, F-35, Missiles PW206/PT6ACE/PW625/PW308C/PW535 BR715, Trent 1000, Land-Based Turbines 737, 777, 787 C-17 Page 11

CPP Corporate Overview Multiple casting disciplines

Casting Only vs. Machine Complete By Casting Type
Permanent Mold Casting 7%
7%

Precision Sand Casting 45%

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% 45

Machine Complete 30%

Casting Only 70%

Investment Casting 48%

CPP Corporate Overview Vi i of C t Growth th Vision f Corporate G

Design and Product Development Customers
Blueprint Finished Product

Customer Base

Value-Added Capabilities

Program Management Sub-Assembly Kitting General Machining

Manufacturing Value-Added Services

Green Sand Castings

Dry Sand Castings

Permanent Mold Castings

Investment Castings
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CPP Corporate Overview

Wide Wid range of capabilities and in-house services f biliti di h i
OEMs and prime contractors are increasingly looking for suppliers with broad capabilities that can manage the entire manufacturing process, from casting to sub-assembly Desire to focus resources on design, engineering and systems integration C Consolidation of supply b lid ti f l base t achieve economies of scale to hi i f l CPP is a preferred supplier because it offers a complete portfolio of casting solutions, process capabilities and value-added ancillary services Casting Methods Investment Aluminum, magnesium steel, and super alloys Dry sand Aluminum and magnesium alloys Green sand Aluminum alloys Permanent mold Aluminum alloys Process Capabilities Tool construction Core making Heat-treating Straightening Destructive testing N Non-destructive testing d t ti t ti Chemical analysis Inspection Value Added Ancillary In-house Services Machining Rapid Prototyping Post-Machining Processing Priming Painting Sub-Assembly Kitting

CPP distinguishes itself from its competitors by delivering the broadest and most diverse product offering in the industry
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CPP Corporate Overview

Consistent corporate culture and vision across facilities
Investment Casting
Port H P t Hueneme O Operation ti Aluminum and steel
investment casting

Sand Casting
Cudahy Operation C d h O ti Dry sand, green sand,

Machining/Assembly
Pomona Operation CNC and conventional

Small to medium sizes

(18 cube) Air melt alloys

permanent mold Small to medium sizes (500 lbs.) Aluminum alloys

City of Industry Operation Steel and super alloys

investment casting

Medium to large sizes

(5 /3 5 bs ) (52/325 lbs.)

Pomona Operation Dry sand; automation Medium to large sizes

machining Small to large sizes Ferrous and non-ferrous alloys y Chemical milling Protective coatings Paint Assembly and kitting

Air melt, vacuum melt alloys

Rancho Operation Aluminum, steel and

(1,200 lbs.) Aluminum and magnesium u u a d ag es u alloys

Minneapolis Operation CNC/Conventional Machining

investment casting Medium to large sizes (48 (48 cube) Air melt alloys Rapid Prototyping Capabilities (SLA/SLS)

Minneapolis Operation Dry sand; automation Medium to large sizes (1,000

Capability Assembly and Kitting

CPP Europe (2 facilities) Aluminum, magnesium and

lbs.) lbs ) Aluminum and magnesium alloys In-house tool design and fabrication In-house solidification modeling

Mexico Operation Grinding capabilities NDT

light metal alloy investment casting Small to large sizes (40 cube)
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CPP Corporate Overview CPP-Cudahy CPP C d h

Sand and Permanent Mold Casting Facility

100,000 sq. ft. on five acres , q Aluminum alloys Pour weights up to 300 lbs. and
sizes up to 40 40

Operating over 40 years Fully integrated with captive core

production, production heat treat, NDT treat (penetrant and x-ray) and chemical analysis
Consolidated Precision Products

Employs approximately
140 employees

Cudahy Operation 8333 Wilcox Avenue Cudahy, CA 90201 (323) 773-2363 (323) 562 3174 FAX 562-3174

Operating at approximately 60% of

p y capacity

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CPP Corporate Overview CPP-Pomona CPP P

Sand Casting & Machining Facility 230,000 sq. ft. on 19 acres Aluminum and magnesium alloys Pour weights up to 4,000 lbs. and sizes up to 8 feet O Operating over 30 years ti Fully integrated facility Employs approximately 180 employees Operating at approximately 50% of capacity CNC centers Conventional machining Chemical milling, protective coatings, painting and assembly services

Consolidated Precision Products

Pomona Operation ( (Corporate Headquarters) p q ) 4200 West Valley Boulevard Pomona, CA 91769 (909) 595 2252 595-2252 (909) 594-2891 FAX
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CPP Corporate Overview CPP-Minneapolis (Hit h CPP Mi li (Hitchcock) k)

Sand Casting & Machining Facility 200,000 sq. ft. foundry y

35,000 sq. ft. pattern and

machine shop

Aluminum and magnesium alloys Pour weights up to 2,500 lbs. and

sizes up to 8 feet

Operating over 90 years Fully integrated facility Employs approximately

500 employees

Consolidated Precision Products

Operating at approximately 70%

of capacity

Minneapolis Operation 8701 Harriet Avenue South Minneapolis, MN 55420 (952) 881-1000 (952) 887 7858 FAX 887-7858

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CPP Corporate Overview CPP-Port H CPP P t Hueneme

Investment Casting Complex

70,000 sq. ft. Aluminum and steel alloys Pour weights up 200 lbs. and sizes up to 18 Operating over 30 years p g y Fully integrated facility with engineering, tool manufacturing, heat treating and nondestructive testing capabilities (penetrant, magnetic particle and x ray) x-ray)
Consolidated Precision Products

Winner of the Bell Helicopter Spirit award for

three years in a row for outstanding quality and customer service

Employs approximately 350 employees Major facility enhancement in 2001;

capacity expansion

Port Hueneme Operation 705 Industrial Avenue Port Hueneme, CA 93041 (805) 488-6451 (805) 488 4129 FAX 488-4129

Operating at approximately 70% of capacity

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CPP Corporate Overview CPP-City CPP City of Industry

Investment Casting Complex 70,000 sq. ft. Stainless steels; nickel & cobalt super alloys Pour weights up to 1,000 lbs. (air poured g p ( p or vacuum melt) and sizes up to 60 Operating over 40 years Fully integrated facility y g y Employs approximately 275 employees Fully automated shelling process O Operating at approximately 60% of ti t i t l f capacity

Consolidated Precision Products

City of Industry Operation 16800 Chestnut Street City of Industry, CA 91748 (909) 595-2252 (626) 961 0710 FAX 961-0710

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CPP Corporate Overview CPP-Rancho CPP Rancho Cucamonga

Investment Casting Complex 85,000 sq. ft. Aluminum and air melt steel alloys Pour weights up to 500 lbs. and sizes up to 48 square and 36 deep Operating over 40 years Fully integrated facility Employs approximately 150 employees Fully automated shelling In-house rapid prototyping O Operating at approximately 60% of ti t i t l f capacity 5 engineers

Consolidated Precision Products

Rancho Cucamonga Operation

11000 Jersey Boulevard y Rancho Cucamonga, CA 91730 (909) 987-4721 (909) 944 2931 Fax 944-2931

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CPP Corporate Overview CPP-Lourdes CPP Lourdes (Microcast)

Investment Casting Complex

European Operation (France) p p ( ) 55,000 sq. ft. Aluminum and light metal alloys Sizes up to 40 square and 40 deep 40 40 Shell and solid mold processes Specialized technological process uses vacuum casting under low pressure Operating over 25 years Fully integrated facility Employs approximately 150 employees Rapid prototyping Operating at approximately 60% of p g pp y capacity

Consolidated Precision Products

Lourdes Operation (Microcast)

ZI du Toulicou 65100 Ade, Lourdes France Tel: 011 33 (0)5 62 94 96 92 Fax: 011 33 (0)5 62 42 05 33
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CPP Corporate Overview CPP-Chteauroux CPP Chteauroux (Aerocast)

Investment Casting Complex

European Operation (France) p p ( ) 50,000 sq. ft. Aluminum, magnesium and light metal
y alloys Sizes up to 40 square and 40 deep Specialized technological process uses vacuum casting under low pressure Operating over 25 years Fully integrated facility Employs approximately 105 employees Rapid prototyping Operating at approximately 60% of capacity

Consolidated Precision Products Chteauroux Operation (Aerocast)

ZI de la Malterie, , 36130 Montierchaume France Tel: 00 33 (0)2 54 26 49 49 Fax: 00 33 (0)2 54 26 49 50

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CPP Corporate Overview CPP-Ensenada CPP Ensenada

Grinding Operation

Mexico-based Operation Mexico based Used for preliminary grinding for all
California business units.

Facilit is providing the necessary Facility pro iding necessar

relief for the strain caused by labor shortage in grinding area.

C Currently, Ensenada is supporting all tl E d i ti ll

California operations (Port Hueneme, Cudahy, Industry, Pomona and Rancho)
Consolidated Precision Products

Daily deliveries/pickups Employs approximately 120

employees l

Ensenada Plant KM.97.5 Carr. Tijuana/Ensenada El Sauzal de Rodriguez Baja California, Mexico CP22760

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CPP Corporate Overview Production Planning System

Enterprise Resource Planning (ERP) system in place at all production facilities

Shop tracking system with work center reporting and bottleneck

detection

Quality system that integrates specifications and certifications

with the shop tracking system

R Resource and vendor administration capability t manage d d d i i t ti bilit to

suppliers and subcontractors

Cost tracking and cost roll-up capabilities

(in process of implementation)

Capability to support minimum/maximum order requirements

www.cfi-pac.com

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CPP Corporate Overview Paperless Document Control

CPPs developed web access digital filing system is the most advanced
concept in our industry and is a tremendous time savings

Improves on standard methods of managing documentation such as

purchase orders/changes, customer drawings and specifications, internal/external process certifications and manufacturing routings

The process gets more complicated when customers are giving longer
forecasts and we implement EOQ concepts to manage the certification

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CPP Corporate Overview Customer Service Access Portal

Developing self-service access by customers to their part orders, current status and shipping details.

Customers can log into CPPs secure web portal and view updated status
on outstanding orders without having to call customer service

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CPP Corporate Overview CPP Quality Systems & Process Approvals

QA System Approvals pp
BQM D6-82479 MS 9000 SABRe RR9 ISO/ /IEC 17025 ISO9 9001:2000 SAE AS9100 E Mag Inspection g

PRI AC7004

diograph Rad

Heat Treat

Che emistry

Penetrant

dness Hard

CPP-Industry CPP PH CPP-PH CPP-Rancho CPP-Cudahy CPP-Pomona CPP P CPP-Minneapolis (Hitchcock) CPP-Lourdes (Microcast) CPP-Chteauroux (Aerocast)

x x x x x x x x

x x x x x x x x

x x x x x x

x x x x x x x

x x x x x

x x x x x x

x x x x x x

x x x x x x

x x x x x x x x
N/A N/A N/A

x x x x x x x x x x

x
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Welding

Tens sile

x x x x x x

CPP Corporate Overview Rapid Prototype Capabilities

EQUIPMENT
SLA-5000 machines Stereo Lithography Apparatus Two SLA 5000 machines Selective Laser Sintering

SLS Vanguard

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CPP Corporate Overview Rapid Prototype: Software

CATIA
Computer aided three-dimensional three dimensional application High end solid modeling software developed by Dassault Systems

PRO/Engineer PRO/E i
High end solid modeling software developed by Parametric Technology Corporation

3D LightYear
STL file processing and preparation software

SolidWorks S lidW k
Windows based mid range solid modeling software developed by SolidWorks Inc.

SolidView Pro
STL file viewing software developed by Solid Concepts Page 30

CPP Corporate Overview Rapid Prototype Capabilities Sample Parts

AFT
42 length X 15 diameter 15

Lox Housing
13 x 11 x 9.5 (volute with core)

Shroud
32 length X 15 diameter 15

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CPP Corporate Overview Solidification Modeling

Solidification model will reduce the time to optimi e the gating system, optimize s stem review the directional solidification and reduce the development time Application has benefit for medium size parts Currently in process of upgrading the system to better support the investment cast process System of communication in place to support the task

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CPP Corporate Overview 3D Laser Scanning

Laser scanning is the newest innovation in our i d t and an answer to digital industry d t di it l manufacturing Laser scanning creates digital three dimensional images of parts that can be compared to models for compliance Laser scanning saves time to inspect g p parts with much more accuracy than traditional methods The drawbacks are that it can only be used on newer designs with digital models, and customers are still having a hard time understanding the information g
ScanWorks 3D portable scanning system

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CPP Corporate Overview Digital X-ray

Digital X-ray for aerospace part certification is the newest innovation i our i d t i th NDT area ti ti in industry in the CPP-Pomona has been a pioneer in the industry in utilizing the p g process, and is the first casting g house to develop procedures to use the technology Digital X-ray will save inspection time, film costs, storage of film costs, and chemical disposal costs The major drawback is that many customers still do not have the technology to approve the process

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CPP Corporate Overview Machining Capabilities: CPP

We have Lockheed Martin, Boeing, Airbus, etc., including Tier I and g g
Tier II customers

Onsite design and fabrication of necessary tooling for each job allows
flexibility on delivery times. times

Current machinery includes:

- 5 vertical CNC machining centers - 3 CNC horizontal milling centers - 3 CNC lathes, one of which is a twin spindle VTL - 6 of our milling centers are 4th axis capable

Th work envelope on our mills runs f The k l ill from 60 28 20 t 24 24 19 60x28x20 to 24x24x19
inches and our lathes can swing a maximum of 42 inches.

We also have a conventional machine shop for short runs when p

appropriate, as well as second operations.

Onsite CAD-CAM programming capabilities

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CPP Corporate Overview Post M hi i P P t Machining Processing Capabilities i C biliti

In-house processing capabilities include:
Alkaline Cleaning Alkaline Anodize (outside source) Assembly / Sub-Assembly / Kitting Chemical Film Dow17 (Ch D 17 (Chrome Pi kli ) Pickling) Dry Film Lube Etching Paint Passivation Prime

Painting of fighter speed brake

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CPP Corporate Overview Skinning Ski i

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CPP Corporate Overview CPP Customer Base

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CPP Corporate Overview

For More Information: Web Site: pp p www.cppcorp.com

www.cfi-pac.com

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CPP Corporate Overview

Appendix I Sample Parts S l P t

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CPP Corporate Overview Sample Parts: CPP-Cudahy S l P t CPP C d h

Housing casting 8 x 12 x 6 A356

Body Actuator 4 x 6 x 4 A356

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CPP Corporate Overview Sample Parts: CPP-Cudahy S l P t CPP C d h

Casting Body 12 x 5 x 6 A357

Housing Casting 8 x 6 x 7 A356

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CPP Corporate Overview Sample Parts: CPP-Pomona S l P t CPP P

Main Gear Box 48 x 22 x 10 A356

Aircraft Engine Transmission Housing 49 x 20 x 8 A357

Main Gear Box 48 x 22 x 10 QE22

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CPP Corporate Overview Sample Parts: CPP-Pomona S l P t CPP P

Prop Gear Box 31 x 26 x 17 ZE41

Ring Manifold 5 x 23 Diameter ZE41

Control Wheel C t l Wh l 7 X 13 AZ92

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CPP Corporate Overview Sample Parts: CPP-Pomona S l P t CPP P

Fighter Speed Brake g (upper & lower)
Painted and assembled, ready for installation

Speed Brake 15 x 36 A357

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CPP Corporate Overview Sample Parts: CPP-Pomona S l P t CPP P

Structural doors

FAD Door 29 x 15 x 6 D357

Air Stair Door 43 x 18 x 4 D357

Fuel Tank 13 D x 49 height A357

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CPP Corporate Overview Sample Parts: CPP-Minneapolis S l P t CPP Mi li

Power Transmission Housings

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CPP Corporate Overview Sample Parts: CPP-Minneapolis S l P t CPP Mi li

Fuel System Housings

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CPP Corporate Overview Sample Parts: CPP-Minneapolis S l P t CPP Mi li

Engine Structures

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CPP Corporate Overview Sample Parts: CPP-Minneapolis S l P t CPP Mi li

Air Frame Structures Nacelles Pylons

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CPP Corporate Overview Sample Parts: CPP-Industry S l P t CPP I d t

Helicopter Engine, Star Support 8 diameter, 4 height Alloy C263 Exhaust Outer Guide Vane (OGV) 39 diameter, 12 height Alloy 718
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CPP Corporate Overview Sample Parts: CPP-Port Hueneme S l P t CPP P t H

Fuel System Elbow Steel 347 2 X 2 x 2

Hydraulic System Cap-Port Steel 17-4 6 X 6 x 10

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CPP Corporate Overview Sample Parts: CPP-Rancho S l P t CPP R h

Access Door Aluminum A357 37 X 16 x 8

Lip, Engine Air Intake Duct Aluminum A357 22 X 24 x 18

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CPP Corporate Overview Sample Parts: CPP-Rancho S l P t CPP R h

Thrust Reverser A357 24 X 7 x 6

Feed Air Duct Aluminum A356 18 X 4 x 6

Forward Inlet Panel A357 5 X 8 X 10

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CPP Corporate Overview Sample Parts: CPP-Lourdes/Chteauroux S l P t CPP L d /Cht

Radar Structure A357 28.5 diameter X 17.5

Gear Box and Cover A357 25.5 X 13 X 5.5

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CPP Corporate Overview Sample Parts: CPP-Lourdes/Chteauroux S l P t CPP L d /Cht

AZ91 9 x 8 x 3

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CPP Corporate Overview

[END OF PRESENTATION]

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