FY 05 FY 06 FY 07 FY 08 FY 09

$ in millions, except per share data

Income Statement Historical Forecast
Net Sales 3,001.66 3,407.91 4,069.29 4,394.83 4,746.42
Cost of Sales (excluding D&A) 2,068.93 2,333.46 2,739.11 2,944.54 3,180.10
Gross Profit 932.72 1,074.45 1,330.18 1,450.29 1,566.32

SG&A Expense 512.36 578.02 658.89 711.60 768.53

Other Expense/ (Income) (2.16) (1.28) (10.91) (10.00) (10.00)

EBITDA 422.53 497.71 682.20 748.69 807.79

Depreciation 101.91 127.50 135.52 142.90 156.01

Amortization 9.37 10.67 13.04 14.09 16.64
EBIT 311.25 359.55 533.65 591.70 635.14

Interest Expense 44.11 60.11 63.77 53.88 45.34

Interest Income (1.10) (1.12) (1.00) 0.67 0.63
Pretax Income 268.24 300.55 470.88 537.15 589.18

Income Taxes 104.60 109.80 176.10 201.43 220.94

Net Income 163.64 190.75 294.78 335.72 368.24

Diluted Weighted Average Shares (millions) 102.00 98.00 94.00 90.15 87.95

Earnings Per Share 1.60 1.95 3.14 3.72 4.19

Margins
Gross Margin (excluding D&A) 31% 32% 33% 33% 33%
SG&A Expense as % of Net Sales 17% 17% 16% 16% 16%
Other Expense/ (Income) as % of Net Sales 0% 0% 0% 0% 0%
EBITDA Margin 14% 15% 17% 17% 17%
EBIT Margin 10% 11% 13% 13% 13%
Net Income Margin 5% 6% 7% 8% 8%

Growth Rate Analysis

Net Sales Growth Rate 14% 19% 8% 8%
EBITDA Growth Rate 18% 37% 10% 8%
Net Income Growth Rate 17% 55% 14% 10%
EPS Growth Rate 21% 61% 19% 12%

Effective Tax Rate 39% 37% 37% 38% 38%

 2007-12
FY 10 FY 11 FY 12
Forecast 1%
5,126.13 5,536.22 5,979.12 8%
3,434.51 3,709.27 4,006.01
1,691.62 1,826.95 1,973.11 8%

830.01 896.41 968.13

(10.00) (10.00) (10.00)

871.61 940.54 1,014.98 8%

168.45 182.07 197.56

19.18 21.73 24.28
683.97 736.74 793.15 8%

35.88 25.07 15.90

0.63 0.62 1.53
647.47 711.05 775.72 10%

242.80 266.64 290.90

404.67 444.40 484.83 10%

85.75 83.55 81.35 -3%

4.72 5.32 5.96 14%

33% 33% 33%

16% 16% 16%
0% 0% 0%
17% 17% 17%
13% 13% 13%
8% 8% 8%

8% 8% 8%
8% 8% 8%
10% 10% 9%
13% 13% 12%

38% 38% 38%