Sales - SAF-Holland

SAF-HOLLANDRoadshow PresentationJanuary 20081 SAF-HOLLAND Roadshow January 2008

DisclaimerThis presentation contains certain statements that are neither reported financial results nor other historical information.These forward-looking statements are subject to risks and uncertainties that could cause actual results to differmaterially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate tofactors that are beyond the Group’s ability to control or estimate precisely, such as future market and economicconditions, the behavior of other market participants, the ability to successfully integrate acquired businesses andachieve anticipated synergies and the actions of government regulators. Readers are cautioned not to place unduereliance on these forward-looking statements, which apply only as of the date of this presentation. SAF-HOLLANDGroup does not undertake any obligation to publicly release any revisions to these forward-looking statements toreflect events or circumstances after the date of these materials.This presentation is not an offer of securities for sale in the United States of America or in any other jurisdiction.Securities may not be offered or sold in the United States of America absent registration or an exemption fromregistration under the US Securities Act of 1933, as amended.2 SAF-HOLLAND Roadshow January 2008

Company Overview3 SAF-HOLLAND Roadshow January 2008

Key Investment HighlightsUnique Positioning and Market Dynamics1. Strong and defendable market positionMarket and technology leadershipHigh relative value of products and end-user specificationMarket position protected by brand, aftermarket networkand OEM relationships2. Robust long-term growth pathOver-proportional participation at growth in Europe,specifically in Eastern Europe and RussiaExpansion into emerging marketsOutgrowing the market based on superior technologySignificant cross-selling synergies through recent merger5 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Market LeadershipProductTrailerAxleSystemsMarket Share 2006Europe37%Disc Brake Axles EuropeSales DistributionQ1-3/2007Europe62% / € 383.3 m42%LandingGearNorth America48%KingpinsNorth America70%North America38% / € 231.7 mFifthWheelsNorth America48%6 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Technological LeadershipMarket Leadership PositionsProductTechnological LeadershipTrailerAxleSystems Disc brake technology Lightest axle in 9-ton classLandingGear Long-life Black Armour TM coating technologyKingpins Safest in the market – full traceability and control from steel mill to final testing processFifthWheel Only producer of aluminum fifth wheel Grease and lubrication free fifth wheel Lightest cast steel fifth wheelClear commitment to technological leadership leads to further growth through innovations7 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Supplier Base – North AmericaAxles Landing Gear KingpinsArvinMeritorAustin-WestranButlerJostOthersWallace ForgeHendricksonSAF-HOLLANDJostSAF-HOLLANDTrailer SuspensionsFifth WheelsSAF-HOLLANDFontaineArvinMeritorHendricksonSAF-HOLLANDJostGenerally two dominant suppliers in each product category8 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Supplier Base – EuropeAxlesLanding GearDaimlerChryslerGigantOthersHaaconArvinMeritorSAF-HOLLANDBPWJostKingpinsFifth WheelsOthersFontaineGeorg FischerOthersJostGeorg FischerJostGenerally two dominant suppliers in each product category9 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Customer BaseEuropean trailer OEM market more fragmented than supplier base Over 600 trailer OEMs in Europe alone Four major European trailer OEMs represent only 40-45% of the market Rest of the market made up of a large number of small players 4-5 suppliersNorth American trailer OEMs also more fragmented than supplierbase Over 700 trailer OEMs in North America Three major North American trailer OEMs represent 40-45% of the market In total there are 11 significant players in the market, making up about 80%of total productionNorth American truck OEM market more consolidatedthan trailer market but still more fragmented than supplier base Top three players account for c. 60% of the marketSAF-HOLLAND’s sales by customer mirror the market sharesof its customers Top 5 sales of combined group represent only 32% of total sales10 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –High Relative Value of Products and End-User SpecificationSAF-HOLLAND’s Core Products Typically Comprise up to 40% of the Value in a Standard TrailerAxle SystemsKingpinsLanding GearOtherIncludes axle systems, brake systems,bearings and hub units andsuspension systems% Trailer Value ContributionIncludes liftgates, bumpers andcargo control products30% - 40% 2% - 4% 10% - 20%Axle Systems – Up to 80% of Purchasing Decisions Specified by End-UserBrands representing superiorproduct performance andaftermarket serviceCustomer feedback on preferencesPullPullSales OEMSales End UsersSuperior products reflect preferences11 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Protected by Brand, Aftermarket Network and OEM RelationshipsTechnologyServiceCustomerRelationsBrand Market leadership in axle systems based on disc-brake technology - continues todisplace technologically-inferior drum-braked systems across global markets Lightest axle in the 9 ton class Lightest standard fifth wheel in the world World’s first trailer suspension unit offering a guarantee against continuous cracks onbrake discs Axles with warranties of up to 1 million km / 6 years Only fifth wheel in the world with a 1 million km / 6 year performance guarantee World’s first lubrication free fifth wheel Over 50 unique patents issued since 2006 4,800 stations in North America and 2,200 stations in Europe Long-term contracts Excellent customer relations High level brand recognition Long-term reputation for quality, reliability and service based on long-term relationshipswith original equipment manufacturers and end-usersHigh barriers to entry: Strong and protected market positions12 SAF-HOLLAND Roadshow January 2008

1. Strong and Defendable Market Position –Aftermarket NetworkService Center Network1085212Service network North Americamore than 4,800 service partnersService network Europemore than 2,200 service partnersincluding:1,549 competence partners474 NonStopService 24 garages1,293 parts retailersService network Asia Pacific52 service partnersin all 6 states in AUS12 service partners in NZ10 service partners in Thailand8 service partners in MalaysiaSAF-HOLLAND offers one of the most comphrehensive aftermarket and service center networkin North America and Europe13 SAF-HOLLAND Roadshow January 2008

2. Robust Long-term Growth Path –Growth Factors Driving Future GrowthGlobalizationContinued geographicexpansion driven byincreasing trade flow Brazil China India11.7%13.7%Technology and InnovationAdaption of new technologiesand continued emphasison technological leadershipand quality INTRA ALL IN Aluminum Fifth WheelCross-Selling SynergiesSignificant synergiesthrough merger Axle Productionin North America Landing Legs in EuropeCAGRsby region1999– 20053.8%EU 15 to 2004AccessionCountriesSelected CISEUCandidateCountriesEstablished as a full service supplier14 SAF-HOLLAND Roadshow January 2008

2. Robust Long-term Growth Path –Global FootprintCanadaPlant 1: WoodstockPlant 2: NorwichPlant 3: CloverdaleGermanyPlant 1: KeilbergPlant 2: Wörth am MainPlant 3: FrauengrundPlant 4: Schloss HolteSlovakiaPlant 1: Zlate MoravceUSAPlant 1: Holland OACPlant 2: Holland IACPlant 3: MuskegonPlant 4: Warrenton SouthPlant 5: Warrenton NorthPlant 6: WyliePlant 7: DumasPlant 8: MonroeBrazilPlant 1: JaguariunaIndia JVMadras HOLLAND (India)Pvt. Ltd.China JVPlant 1: JinanPlant 2: YantaiAustraliaPlant 1: Melton15 SAF-HOLLAND Roadshow January 2008

2. Robust Long-term Growth Path –Expansion into Emerging MarketsCountryChinaBrazilRoad Transportation VolumesTrillions of tonne kilometres93213.3%CAGR1.9682005 2011E1855.6%CAGR2562005 2011EMarket Position Established two joint ventures in 1994 (Jinan)and 2005 (Yantai) and licence agreements Capacity of 35,000 axles in 2008 Supply to the domestic market and export to Australia,Middle East and Brazil Plant opened in May 2007 Capacity of 60,000 – 80,000 axles p.a. Expanding service network with already 200potential service partners lined up Customer contracts Strong acceptance as supplierIndia3315.9%CAGR468JV established for bus suspensionsExpansion in trailer business2005 2011ERussia2006.7%CAGR2952005 2011EWell-positioned in Russia and CIS countriesKey supplier to incumbents MAZ (Belarus)and Kamaz (Russia) for export trailersStrong growth in order intake16 SAF-HOLLAND Roadshow January 2008

2. Robust Long-term Growth Path –Outgrowing the Market Based on Superior TechnologyAxle Sales 1991 – 2006History of Increasing Market SharesUnits240,000200,000160,000120,00015-year CAGR 10.5%Fifth WheelN. America38%48%80,00040,000091 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06Drum brake axle systems Disc brake axle systemsKingpinN. America53%70%Fifth Wheel Sales 1991 – 2006Units200,000160,00015-year CAGR 9.3%Trailer AxlesEurope37%33%120,00080,00040,0000% 10% 20% 30% 40% 50% 60% 70% 80%091 92 93 94 95 96 97 98 99 00 01 02 03 04 05 062003 200617 SAF-HOLLAND Roadshow January 2008

2. Robust Long-term Growth Path –Significant Cross-Selling SynergiesDrum Brake Axle Opportunity Landing gear and kingpin productionin Europe, starting in 2008Target salessynergies € 60 mp. a. by 2010In the US, 30,000 axles (approx. 5% of themarket) currently purchased fromcompetitors to be replacedwith SAF axlesAxle production readyin H2/2008Additional Disc Brake AxleOpportunityEurope62%70%80%North America10%1%1% New braking legislation expected 10% penetration implies aca. € 110 m total marketLargely same customer base already todayCustomers looking for one-stop-shopping solutions€ 60 m p.a. by 2010 targeted sales synergies and significant procurement savings18 SAF-HOLLAND Roadshow January 2008

Financials19 SAF-HOLLAND Roadshow January 2008

Highlights 2007European demand boosts growth in 2007 Strong underlying demand for axle systems in Europe due to continued unprecedented demand for heavyduty vehicles and strong economic growth in the region Double-digit sales increase in Q3 on constant currency basis driven by sustained growth dynamics inEurope€ mSalesChange in %Change in %constantcurrencyQ3/2007€ 201.8 m+ 7%+ 10%Q1-3/2007€ 613.4 m+ 4%+ 8% Earnings development in Q1-3/2007:adjusted EBITDA: € 55.2 m; adjusted EBITDA margin: 9.0%adjusted EBIT: € 46.6 m; adjusted EBIT margin: 7.6% Importance of European business is continuously rising within SAF-HOLLAND’s Group portfolio Order intake and backlog underline continued demand for capacity increase of axle production to beimplemented as of January 1, 2008 Framework agreements for 2008 spur positive outlook for 2008 and beyond20 SAF-HOLLAND Roadshow January 2008

Key Figures Q1-3 2007€ mQ3/2007Q3/2006 PFChange in %Q1-3/2007Q1-3/2006 PFChange in %Sales201.8189.57613.4588.64∆ % constant currency108Gross profit35.137.2(6)109.1115.3(5)Gross profit margin17.4%19.6%17.8%19.6%Adjusted EBITDA19.021.5(12)55.263.9(14)Adjusted EBITDA margin9.4%11.3%9.0%10.9%Adjusted EBIT16.317.4(6)46.654.4(14)Adjusted EBIT margin8.1%9.2%7.6%9.2%Capital expenditure4.8n.a.12.3n.a.PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 2006Adjusted EBITDA: EBITDA plus additional step up inventory costs from purchase price (PPA) allocation as well as transaction costsAdjusted EBIT: EBIT plus any additional depreciation, amortization and step up inventory costs from PPA as well as transaction costs21 SAF-HOLLAND Roadshow January 2008

Sales Split Q1-3 2007Sales by RegionSales by Business UnitNorth America38%Aftermarket23%Europe62% PoweredVehicleSystems11%TrailerSystems66%€ mQ1-3/2007Q1-3/2006 PFChangein %€ mQ1-3/2007Q1-3/2006 PFChange in%Europe383.3298.628Trailer Systemsconstant currency407.0351.91618North Americaconstant currencyElimination due tointer-segment sales231.7-1.6290.00-20-14-Powered VehicleSystemsconstant currencyAftermarketconstant currency64.1142.390.1146.6-29-23-32Totalconstant currency613.4588.648Totalconstant currency613.4588.648PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 200622 SAF-HOLLAND Roadshow January 2008

Earnings Development by Business Unit Q1-3 2007Trailer Systems (TS)Powered Vehicle Systems (PVS)€ mQ1-3/2007Q1-3/2006 PF€ mQ1-3/2007Q1-3/2006 PFSales407.0351.9Sales64.190.1Cost of sales358.2302.0Cost of sales54.978.8Gross profit margin12.0%14.2%Gross profit margin14.4%12.5% Material price increases as well as structural changesled to a decrease of the gross profit margin Price increases on customers side will help to closethe gap Structural effects are in favour of the Business UnitAftermarket (AM)€ mSalesCost of salesGross profit marginQ1-3/2007142.391.235.9%Q1-3/2006 PF146.692.536.9%PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 200623 SAF-HOLLAND Roadshow January 2008

Key Balance Sheet Data€ mSeptember 30,2007December 31,2006ChangeCommentsTotal assets 567.6544.123.5Equity112.79.4103.3 IPO proceedsand profitsin % of sales19.9%1.7%-Net financial debt 237.4320.9(83.5) IPO proceeds andpositive cash flowNet Working Capitalin % sales85.610.5%68.88.8%16.8 Increase ininventory keepingdue to high orderbacklog• takeover ofAustralian dealer• to avoid materialshortagesSolid balance sheet structure after IPO24 SAF-HOLLAND Roadshow January 2008

Key Cash Flow Items Q1-3 2007€ m Q1-3/2007Profit / loss before tax 11.8Income Tax paid (6.3)Finance income / expenses 18.9Amortization and Depreciation 13.6Change in Net Working Capital(11.6)Other CFO Items7.3Cash Flow from Operations 33.7Acquisition of Subsidiaries (7.2)Capex and other CFI Items (11.8)Cash Flow from Investing (19.0)Cash Flow from Financing(12.9)Effect of FX Changes0.8Net Change in Cash 2.625 SAF-HOLLAND Roadshow January 2008

Outlook & GuidanceOutlook FY 2007 confirmed€ m FY 2007 FY 2006 PFSales ~ € 800 m 777.8Adjusted EBIT~ € 60 m65.1Adjusted EBIT margin ~ 7.5% 8.4% Attractive dividend payment expected for the business year 2007Convincing positive mid-term perspectives Sales: Double-digit growth in 2008 (greater than +15%) and 2009 Adjusted EBIT: 2008 expected back in line with 2006 margin (8.4%) Mid-term targets: Sales volume of € 1 bn targeted in 2009;adjusted EBIT margin: 10% by 2010PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 2006Adjusted EBIT: EBIT plus any additional depreciation, amortization and step up inventory costs from PPA as well as transaction costs26 SAF-HOLLAND Roadshow January 2008

Appendix27 SAF-HOLLAND Roadshow January 2008

Key Figures€ mFY 2006 PFQ1/2007Q2/2007Q3/2007Q1-3/2007Sales777.8212.6199.1201.8613.4Gross profit142.938.735.335.1109.1Gross profit margin18.4%18.2%17.7%17.4%17.8%Adjusted EBITDA77.020.915.219.055.2Adjusted EBITDA margin9.9%9.8%7.6%9.4%9.0%Adjusted EBIT65.118.012.316.346.6Adjusted EBIT margin8.4%8.5%6.2%8.1%7.6%EBITDA74.518.96.618.944.4EBITDA margin9.6%8.9%3.3%9.4%7.2%EBIT55.714.32.014.530.8EBIT margin7.2%6.7%1.0%7.2%5.0%EBT23.67.5(1.9)6.311.8Net income13.14.4(1.4)11.714.7Capital expenditure17.72.94.64.812.3PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 200628 SAF-HOLLAND Roadshow January 2008

Key Figures Q1-3 2007€ m Q3/2007 Q3/2006 PFChangein %Q1-3/2007 Q1-3/2006 PFChangein %Sales 201.8 189.5 7 613.4 588.6 4Adjusted EBITDA 19.0 21.5 (12) 55.2 63.9 (14)Adjusted EBITDAmargin9.4% 11.3% 9.0% 10.9%Adjusted EBIT 16.3 17.4 (6) 46.6 54.4 (14)Adjusted EBIT margin 8.1% 9.2% 7.6% 9.2%EBITDA 18.9 21.5 (12) 44.4 61.6 (28)EBITDA margin 9.4% 11.3% 7.2% 10.5%EBIT 14.5 15.6 (7) 30.8 46.9 (34)EBIT margin 7.2% 8.2% 5.0% 8.0%EBT 6.3 7.3 (14) 11.8 23.0 (49)Net income 11.7 3.8 >100 14.7 11.8 25PF: Pro-forma represents figures for the year 2006 as if the subgroups would have been acquired as of January 1, 2006Adjusted EBITDA: EBITDA plus additional step up inventory costs from purchase price (PPA) allocation as well as transaction costsAdjusted EBIT: EBIT plus any additional depreciation, amortization and step up inventory costs from PPA as well as transaction costs29 SAF-HOLLAND Roadshow January 2008

Key Cash Flow Items€ m Q1-3/2007 Q1-3/2006 1Profit / loss before tax 11.8 4.4Income Tax paid (6.3) (4.1)Finance income / expenses 18.9 8.1Amortization and Depreciation 13.6 4.6Change in Net Working Capital(11.6)0.3Other CFO Items7.3(0.1)Cash Flow from Operations 33.7 13.2Acquisition of Subsidiaries (7.2) (146.7)Capex and other CFI Items (11.8) (2.1)Cash Flow from Investing (19.0) (148.8)Cash Flow from Financing(12.9)143.5Effect of FX Changes0.80Net Change in Cash 2.6 7.91Q1-3/2006 not comparable due to the fact that SAF is only included for six months and Holland is not included30 SAF-HOLLAND Roadshow January 2008

Risk ManagementResilient Business Model – Diversification Well-diversified across North America and Europeand across individual countries within Europe Extensive service network of SAF-HOLLANDconstitutes a decisive competitive advantage Aftermarket grows automatically due to thegrowing product range For customer relationships on both levels, OEand end-users, product range provides protectionof SAF-HOLLAND from any short-term competitorwinsExposure to end-marketsAftermarket14%TruckOEM15%TruckOES4%TrailerOES2% Others3%TrailerOEM62%Robust business set up against single external factors31 SAF-HOLLAND Roadshow January 2008

Risk Management – Material Cost ManagementSAF-HOLLAND InitiativesTo compensate cost increases and gain additional savings SAF-HOLLAND runs different initiatives: Price adjustment clauses in some customer contracts Successful price increases to customers Additional suppliers to increase competition at the supplier base Bundling the volume Qualifying supplier from low-cost countries, such as China, India and Eastern Europe Running combined activities with engineering and suppliers to reduce cost of salesDevelopment of Scrap Price€ per ton€280€240€200€160€120Jan 03 Okt 03 Jul 04 Apr 05 Jan 06 Okt 06 Jul 07Impact Scrap price increase from 2003 until nowapprox. 60% Impact on the total SAF-HOLLAND sourcingvolume approx. 2% p.a. (Ratio 10/1) Steel prices are largely based on 2 to 3 yearcontractsQuarterly averageMonthly PriceSales 80% of COGS are material costs - Control of material costs is a key management focus32 SAF-HOLLAND Roadshow January 2008

Risk Management –Currency ConsiderationsCurrency Overview Business in Europe 57% in EUR Business in North America 37% in USD / CAD Business Rest of the World 6% in EUR or USD or HedgingNo or very limited transaction riskStrategy of matching revenue and costbase currencyTranslation risk sensitivity indicateslimited exposureTranslation Risk – Sensitivity Analysis Change of EUR / USD exchange rate by +/- 1%• Sales and EBIT effected by 0.4% (approximately € 3 m / € 0.2 m) Change of EUR / USD exchange rate by +/- 1 cent• Sales and EBIT effected by 0.3% (approximately € 2 m / € 0.1 m)33 SAF-HOLLAND Roadshow January 2008

SAF-HOLLAND – Financial Calendar March 31, 2008: Report on Fiscal Year 2007 April 25, 2008: May 30, 2008:Annual General MeetingReport on Q1 2008 Results34 SAF-HOLLAND Roadshow January 2008

SAF-HOLLAND – ContactInvestor RelationsSAF-HOLLANDHauptstraße 2663856 BessenbachGermanyTel. +49 (0)6095 301 865Fax +49 (0)6095 301 200sandra.fabian@safholland.dewww.safholland.com35 SAF-HOLLAND Roadshow January 2008