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Federal-Mogul Management Discusses Q2 2012 Results - Earnings Call Transcript

Michael T. Broderick

Thank you, Rainer. It's a privilege to be a part of Federal-Mogul, working with our great people and our brands, well, after 16 years in various roles with AutoZone and the past 3 years as the President of CARQUEST. My role as representing the customer has been a good fit so far for the past 5 weeks.

So well, with regards to this conference call, I do look forward in the future of communicating the success of our segmentation of the business and -- which includes our key product lines and of course, driving results.

So with that being said, Rainer?

Rainer Jueckstock

Okay. Thank you, Mike. If you turn to Page 5, we announced in March the segmentation of the company in 2 main segments. We are working harder on this process. We move the process towards product line. We want to keep together what needs to be kept together and to have led on strong segments with good play in the market.

By evaluating all of these options and Federal-Mogul's strength, during this process, we have no doubt that -- about our long-term stability and ability to compete. We have a strong position in both OE and aftermarket on both powertrain and vehicular components, and we have incredible positions in all major global markets in our industry, combined with a disciplined approach to assess and execute our strategy. Federal-Mogul is a great company to invest even though markets are currently somewhat rough to us and our peers.

If you turn the Page 6, you have an overview about our main product lines and the main brands. We have -- you'd see in the aftermarket, we have leading brands in engine gaskets, chassis, wipers, ignition and friction. This is complementary to our position in the OE market, where, with most of our engine components and our friction business, we have the #1 or #2 position in the world. Our brands and our core product are telling a compelling story in all markets, and we are committed to create, based on these assets, further value.

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