Exide Technologies (Symbol: NASDAQ:XIDE) Company Name: Exide Technologies HQ Location: Alpharetta, Georgia, USA Company Website: www.exide.com Shares Outstanding  75.60 Million Stock Price (August 04, 2010) $ 6.15 MArket Cap: $464.9 Million 52 Week Range $3.60 - $8.87 Average Daily Volume 795,000

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Exide Technologies Inc. (Exide) is engaged in the manufacturing, distribution and recycling of lead acid batteries globally. The Company provides a comprehensive range of stored electrical energy products and services for industrial and transportation applications. The Company has four global business units – Industrial Energy Americas, Industrial Energy Europe & Rest of World (ROW), Transportation Americas and Transportation Europe & ROW. It markets its products through mass merchandisers, auto parts outlets, wholesale distributors, and battery specialists, as well as sells original equipment manufacturer transportation products through dealer networks. Exide Technologies was formerly known as Exide Corporation and it changed its name in November, 2001. The company was founded in 1888 and is based in Alpharetta, Georgia.

• Company is considered a world-wide leader in lead-acid battery technology with patented technology and a solid research, development and engineering setup.
• Well diversified internationally to benefit from a global recovery.  Strong exposure in fast growing emerging markets like India, China and Latin America.
• Company doesn’t just sell batteries, but offers its customer’s total energy solutions. It offers services and systems that enhance vehicle performance and fleet utilization or reduce risk of loss of power problems.
• Lead-acid batteries are more than 95 % recyclable and the company has 9 recycling facilities globally. This is good both for the business and the environment and it makes Exide one of the few companies in the stored electrical energy industry with the capability to recycle its own product in its facilities and produce new products from the recycled components.
• Strong partnership with OEMs (Original Equipment manufacturers).
• Company has a global presence with 33 manufacturing plants in 11 countries throughout the world and its products are sold universally.
• The company had a reduction in revenues, margins and profits between 2009 and 2010.  The company is taking steps to address this.  Exide is undergoing an organizational restructuring that should reduce the headcount, improve cash flow through working capital reduction plans, sell of non-strategic assets and streamline business management processes.
• For a company with over $2.6 billion in sales, its market cap is under $500 Million.  The current low Price over sales ratio of less than 1(0.17), considerably lower than the industry average, makes the company interesting for investors.
• Company had an adjusted EBITDA of $198 million in year ending March 2010 (a bad year as the global economy was in recession), yet has a market capitalization of $457 million making the company a good value play if anyone believes the restructuring efforts will pay off.
• Exide secured a new supply contract with Defence supply center, Columbus (DSCC) to supply heavy-duty wet cell product to the DSCC for aftermarket replacement use in tanks, armed vehicle applications, and equipment for all branches of the U.S. armed forces. The Company will ship an estimated 287,000 batteries during the first two years of the agreement. This should improve company’s revenues and profitability.
• Good cash position of over $89.56 Million dollars allows the company to invest for growth.

• Company’s gross profit is affected by fluctuations in raw material prices, particularly lead that represents approximately 45.0% of the Company’s cost of goods sold.
• Company has over $600 million in debt. The restructuring effort should pay off for the company to reduce its debt level
• Exide has substantial currency risk as approximately 56.8% of the Company’s net sales for fiscal 2010 were generated in Europe and Rest of World.

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