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| Saturn Electronics & Engineering, Inc. |
| 255 Rex Boulevard, Auburn Hills, MI 48326 * (248) 853-5724 |
| Business Description | The company is a global provider of value-added electronics manufacturing services, or EMS, to original equipment manufacturers, or OEMs, and their suppliers. |
|
Filing Information IPO has been | |||
| To Trade As | SATR (NASNTL) | Industry | High-Tech (SIC 3672) |
| Type of Stock Offered | Common Shares | Filing Date | 3/29/00 |
| Domestic Shares Filed | 7,200,000 | Filing Range | $8.00 - $10.00 |
| Foreign Shares Filed | 0 | Offering Amount | $64,800,000 |
| Company Shares | 7,200,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 36,900,000 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| CS First Boston | Lead Manager | (212) 325-2000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Needham & Company | Co-manager | (212) 705-0344 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/95 | 12/31/96 | 12/31/97 | 12/31/98 | 12/31/99 | ||
| Revenues | 122.550 | 168.707 | 161.048 | 188.464 | 257.107 | - | - |
| Income from Oper. | -3.271 | 12.751 | 14.228 | 21.516 | 22.297 | - | - |
| Net Income | -3.378 | 7.002 | 8.059 | 11.954 | 9.905 | - | - |
| E.P.S | -0.090 | 0.190 | 0.220 | 0.320 | 0.310 | - | - |
| Revenue Growth (%) | 37.66 | -4.54 | 17.02 | 36.422 | - | ||
| Net Income Growth (%) | - | 15.10 | 48.33 | -17.14 | - | ||
| Oper. Profit Margin (%) | - | 7.56 | 8.83 | 11.42 | 8.67 | - | - |
| Net Profit Margin (%) | - | 4.15 | 5.00 | 6.34 | 3.85 | - | - |
| Cash Flow - Oper. | 4.45 | - | - | ||||
| Cash Flow - Inv. | -61.33 | - | - | ||||
| Cash Flow - Fin. | 57.80 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 231.97 | Current Assets | 95.95 | Current Ratio | 1.87 |
| Total Liab. | 59.55 | Current Liab. | 51.31 | Debt Ratio | 25.67% |
| Total Equity | 172.43 | Working Cap. | 44.65 | Debt to Equity Ratio | 0.35 |
| Cash | 1.93 | Return on Assets | 4.27% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to reduce indebtedness under a credit facility and for working capital and other general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Honigman, Miller, Schwartz & Cohn |
| Bank's Law Firm | McDermott, Will & Emery |
| Auditor | Ernst & Young |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| MascoTech, Inc. | 36.30 | |
| Bank One Trust N.A. | 14.80 | |
| Note: represents ownership of 5% or more prior to the offering. | ||