March 02, 2015 12:52 AM ET

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Company Overview of Affinia Group Intermediate Holdings Inc.

Company Overview

Affinia Group Intermediate Holdings Inc. manufactures and distributes filtration and replacement products in North America, Europe, South America, and Asia. It operates through Filtration and Affinia South America segments. The Filtration segment offers oil, air, fuel, hydraulic, and other filters for light, medium, and heavy duty on and off-highway vehicles; and construction, agriculture, mining, and forestry vehicles, as well as for industrial and marine applications. The Affinia South America segment provides fuel and water pumps, universal joint kits, axle sets, shocks, steering, filtration products, CV joints, brake products, suspension parts, motorcycle parts, electronics, and other af...

1101 Technology Drive

Ann Arbor, MI 48108

United States

Founded in 2004

6,266 Employees

Phone:

734-827-5400

Key Executives for Affinia Group Intermediate Holdings Inc.

Chief Executive Officer, President and President of Global Filtration Group
Age: 52
Chief Financial Officer and Senior Vice President
Age: 46
President of Affinia Group S.A.
Age: 62
President of Global Chassis Group
Age: 58
Senior Vice President, General Counsel and Secretary
Age: 55
Compensation as of Fiscal Year 2014.

Affinia Group Intermediate Holdings Inc. Key Developments

Affinia Group Intermediate Holdings Inc., Q3 2014 Earnings Call, Nov 13, 2014

Affinia Group Intermediate Holdings Inc., Q3 2014 Earnings Call, Nov 13, 2014

Affinia Group Intermediate Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Affinia Group Intermediate Holdings Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were $364 million against $351 million a year ago. Operating profit was $42 million against $31 million a year ago. Net income from continuing operations was $17 million against $5 million a year ago. Net income attributable to the company was $23 million against $9 million a year ago. Adjusted EBITDA improved to $48 million in the third quarter of 2014 compared to $40 million in the same period in the prior year, an increase of 20.0 percent. EBITDA was $48 million against $40 million a year ago. For the nine months, net sales were $1,060 million against $1,023 million a year ago. Operating profit was $110 million against $97 million a year ago. Net income from continuing operations was $29 million against $7 million a year ago. Net income attributable to the company was $57 million against $14 million a year ago. Net cash provided by operating activities was $4 million against $69 million a year ago. Additions to property, plant and equipment was $18 million against $18 million a year ago. Adjusted EBITDA was $134 million against $122 million a year ago. Net debt was $762 million. EBITDA was $115 million against $93 million a year ago.

Affinia Group Intermediate Holdings Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Affinia Group Intermediate Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating profit of $43 million, net income from continuing operations of $14 million, net income of $35 million, net income attributable to the company was $35 million on net sales of $365 million against operating profit of $41 million, net loss from continuing operations of $3 million, net loss of $1 million, net loss attributable to the company was $1 million on net sales of $346 million for the same period a year ago. Adjusted EBITDA was $52 million against $47 million for the same period a year ago. Higher net income was driven by the gain on the sale of the Chassis group in the second quarter of 2014, improved sales and operating profit in the second quarter of 2014 and expenses incurred in the second quarter of 2013 associated with a debt refinancing. For the six months, the company reported operating profit of $68 million, net income from continuing operations of $12 million, net income of $34 million, net income attributable to the company was $34 million on net sales of $696 million against operating profit of $71 million, net income from continuing operations of $5 million, net income of $5 million, net income attributable to the company was $5 million on net sales of $672 million for the same period a year ago. Net cash provided by operating activities was $6 million against $26 million for the same period a year ago. Additions to property, plant and equipment was $11 million against $10 million for the same period a year ago. Adjusted EBITDA was $87 million against $84 million for the same period a year ago. Net debt as of June 30, 2014 was $746 million.

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