Seagate Exhibits.xls - Exhibit 1 Total Sales(000s of units Y\/Y Change Total Revenues(millions of $ Y\/Y Change Worldwide Hard Disk Drive Industry

Seagate Exhibits.xls - Exhibit 1 Total Sales(000s of units...

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Exhibit 1 Worldwide Hard Disk Drive Industry Historical Performance an 1991 1992 1993 1994 1995 1996 Total Sales (000s of units) 33.1 38.4 51.8 69.0 90.0 106.8 Y/Y % Change 16.0% 34.9% 33.2% 30.4% 18.7% Total Revenues (millions of $) $24,300 $26,200 $21,730 $22,966 $22,991 $27,596 Y/Y % Change 7.8% -17.1% 5.7% 0.1% 20.0%
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nd Projections, 1991-2003E 1997 1998 1999 2000E 2001E 2002E 2003E 129.3 143.6 165.9 187.8 212.5 238.1 268.2 21.0% 11.1% 15.5% 13.2% 13.1% 12.1% 12.6% $27,340 $25,483 $25,273 $26,640 $28,409 $30,450 $32,699 -0.9% -6.8% -0.8% 5.4% 6.6% 7.2% 7.4%
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Exhibit 2 Historical Operating Performance and Capitalization Ratios fo 1981 1982 1983 1984 1985 1986 Seagate Sales 9.79 40.45 110.41 343.90 214.65 459.84 % Growth 313.2% 173.0% 211.5% -37.6% 114.2% EBITDA 0.87 10.70 18.82 63.51 0.07 58.34 % Sales 8.9% 26.5% 17.0% 18.5% 0.0% 12.7% EBIT 0.65 9.89 16.16 55.72 -12.01 39.18 % Sales 6.6% 24.4% 14.6% 16.2% -5.6% 8.5% Assets 9.47 43.47 157.25 214.72 275.23 305.08 Depreciation & Amortization 0.22 0.81 2.65 7.80 12.08 19.17 CAPX 2.45 5.04 38.83 42.66 31.22 38.68 Debt/Book Assets 19% 1% 5% 5% 13% 5% Debt/Mkt. Assets NA 0% 1% 2% 9% 2% (Debt-Cash)/Book Assets 18% -27% -10% -2% 11% -10% (Debt-Cash)/Market Assets NA -6% -2% -1% 7% -5% EBITDA Interest Coverage 10.12 57.84 47.05 73.51 0.04 20.26 EBIT Interest Coverage 7.56 53.46 40.40 64.49 -6.84 13.61 Disk Drive Industry Medians EBITDA as % of Sales 8.9% 6.2% 7.3% 0.7% -4.4% 8.6% EBIT as % of Sales 5.4% 3.2% 3.4% -3.5% -10.3% 5.3% Debt/Book Assets 19% 9% 5% 12% 19% 13% Debt/Mkt. Assets 7% 4% 1% 5% 7% 5% (Debt-Cash)/Book Assets 9% -5% -12% -6% -5% -7% (Debt-Cash)/Mkt. Assets 0% -2% -6% -2% -3% -4%
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