Strattec Security Corporation Business Report FY ended 2012

Strattec Security Corporation Business Report FY ended Jun. 2012

Business Highlights

Financial Overview

(in million USD)

	FY ended Jul. 1, 2012	FY ended Jul. 3, 2011	Rate of Change (%)	Factors
Sales	279.2	260.9	7.0	-Sales increased due to the overall increase in the production and sale of new vehicles; and the wider portfolio of products.
Operating income	16.3	8.7	87.4	-
Net income	8.8	5.4	63.0	-

Contracts

Cars and car based utility vehicles
Aston Martin DB9	Chevrolet Corvette	Ford Mustang
Aston Martin One-77	Chevrolet Cruze	Ford Taurus
Aston Martin Rapide	Chevrolet Equinox	GMC Acadia
Aston Martin Vanquish	Chevrolet Impala	GMC Terrain
Aston Martin V8 Vantage	Chevrolet Malibu	Holden Commodore
Aston Martin V12 Vantage	Chevrolet Orlando	Hyundai Veracruz
Aston Martin Virage Coupe	Chevrolet Sonic	Jeep Compass
Aston Martin Volante	Chevrolet Traverse	Jeep Patriot
Buick Alpheon	Chevrolet Volt	Lancia Flavia
Buick Anthem	Chrysler 200	Lancia Thema
Buick Enclave	Chrysler 300	Lincoln MKS
Buick Encore	GM Korea Gentra	Lincoln MKT
Buick Excelle	Dodge Avenger	Lincoln MKX
Buick Gentra	Dodge Challenger	Lincoln MKZ
Buick LaCrosse	Dodge Charger	Opel Ampera
Buick Regal	Dodge Dart	Opel Antara
Buick Verano	Dodge Journey	Opel Astra
Cadillac ATS	Fiat Freemont	Opel Astra Van
Cadillac CTS	Fisker Karma	Opel Insignia
Cadillac SRX	Ford Edge	Opel Meriva
Cadillac XTS	Ford Fiesta	Opel Zafira
Chevrolet Camaro	Ford Flex	SRT Viper
Chevrolet Caprice	Ford Forcus
Chevrolet Captiva	Ford Fusion

Light Truck, vans and sport utility vehicles
Cadillac Escalade	Dodge Durango	Honda Pilot
Cadillac Escalade ESV	Dodge Grand Caravan	Jeep Grand Cherokee
Cadillac Escalade EXT	Ford C-MAX	Jeep Liberty
Chevrolet Avalanche	Ford Escape	Jeep Wrangler/Wrangler Unlimited
Chevrolet Colorado	Ford Expedition	Kia Sedona
Chevrolet Express Van	Ford Explore	Lancia Grand Voyager
Chevrolet Silverado Pickup	Ford F-Series Pickup	Lincoln Mark LT
Chevrolet Suburban	Ford F-Series Super Duty Pickup	Lincoln Navigator
Chevrolet Tahoe	GMC Canyon	Nissan Titan
Chevrolet Trail Blazer	GMC Savana	Ram 1500/2500/3500 Pickup
Chevrolet Trax	GMC Sierra Pickup	Volkswagen Routan
Chrysler Town & Country	GMC Yukon and Yukon XL	VPG MV-1

Model Year	Model
2013	Ford Escape (North America)
2013	Chevrolet Malibu (North America)
2012	Ford Focus (North America)
2012	Buick LaCrosse (North America)
2012	Buick Regal (North America)
2012	Cadillac SRX (North America)
2012	Chevrolet Cruze (North America)
2012	Chevrolet Equinox (North America)
2012	GMC Terrain (North America)
2012	Opel Ampera (North America)

R&D

R&D Expenditure

(in million USD)

	FY ended Jul. 1, 2012	FY ended Jul. 3, 2011	FY ended Jun. 27, 2010
Overall	1.2	1.5	0.9

R&D Structure

-Research and development activities are centered around research engineering staff called "Advanced Development Group". Projects focus on electronic and mechanical access control products, modularization of related access/security control components.

Investment Activities

Capital Expenditure

(in million USD)

	FY ended Jul. 1, 2012	FY ended Jul. 3, 2011	FY ended Jun. 27, 2010
Overall	13.6	9.5	6.9

-In FY ended July 1, 2012, the Company invested in new product programs and the upgrade and replacement of existing equipment.

-The Company anticipates capital expenditures will be approximately $9 million in FY ending June 30, 2013.