R

Consolidation and Growth

"NEW" "NEW" HEXCELHEXCEL

Sales USD 897 MioSales USD 897 Mioin 2003in 2003

HEXCEL CIBA COMPOSITES HERCULES CPD

February 96: Hexcel + Ciba CompositesJune 96: + Hercules CPDOctober 97: + FiberiteSeptember 98: + Clark-Schwebel

FIBERITE

• SATELLITEBUSINESS

• LICENCE

CLARK-SCHWEBEL

Hexcel Hexcel -- ProductsProductsReinforcementsReinforcements

World Leader in Advanced Composite MaterialsWorld Leader in Advanced Composite Materials

PrecursorPrecursor

CarbonCarbon FiberFiber

Fiberglass Fiberglass FabricFabric

PrepregPrepreg

HoneycombHoneycomb

SandwichSandwich PanelPanel

StructureStructure

InteriorInterior

ReinforcementReinforcementFabricFabric

CompositesComposites StructuresStructures

Hexcel’s Vertical Integration

PANPrecursor

CarbonFiber Fabrics

Prepregs

Honeycomb

SandwichPanels

Structures&

Interiors

Customers Customers Customers Customers

•Acrylonitrile •Fiberglass•Aramid

•Resins•Polymers

•Aluminium•Aramid

Fabrics Composites

Materials (and Fibers)

Engineered

Products

Composite Materials

65%

Engineered Products

9%

Reinforcement Products

26%

2003 Sales by Business Sector

Total: USD 897 million(pro forma)

Hexcel – Market SegmentsHexcel – Market Segments

2003 Sales = $897 Million2003 Sales = $897 Million

46%46%

18%18%

30%30%• Commercial Aerospace– Boeing– Airbus– Engines/Nacelles– Regional/Business

Aircraft

• Commercial Aerospace– Boeing– Airbus– Engines/Nacelles– Regional/Business

Aircraft

• Space & Defense– Military

Aircraft– Launch

Vehicles– Satellites– Missiles

• Space & Defense– Military

Aircraft– Launch

Vehicles– Satellites– Missiles • Industrial

– Ballistics– Wind Energy– Auto– Recreation – Architectural

Fabrics– Marine & Rail

Transportation

• Industrial– Ballistics– Wind Energy– Auto– Recreation – Architectural

Fabrics– Marine & Rail

Transportation

7%7%

• Electronic Materials– Switches & Routers– Telephone Equipment

& Cell Phones– Laptops– PDAs

• Electronic Materials– Switches & Routers– Telephone Equipment

& Cell Phones– Laptops– PDAs

Products• Resins • Carbon

• Laminates• Prepreg• Adhesives

Fibers

Products• Polyurethanes

• Gel Coats

• Moulding Compound

• Thermoplastics

Products• Metallic honeycomb

• Non-metallic core

• Panels

• SpecialProcess

Manufacturing SitesSales OfficesFabrics

Neumarkt, AustriaPasching, AustriaDagneux, France

Duxford, U.K.

Parla,Spain

Welkenraedt, Belgium

Munich, Germany

EUROPEAN MANUFACTURING SITES & SALES OFFICES :

Decines, France Saronno, Italy

Tokyo, Japan

Melbourne, Australia

Shanghai, China

Komatsu, Japan

PACIFIC RIM MANUFACTURING SITES & SALES OFFICES :

Bangalore, India

Seoul, South Korea

Manufacturing SitesSales Offices

US MANUFACTURING SITES & SALES OFFICES :

Danbury

Novi

Bedford

Decatur

Pottsville

Manufacturing SitesSales OfficesFabrics

Casa Grande

Dublin

Livermore

Salt Lake City M +S

Burlington

Redmond

Seguin

Kent

Anderson