1. Market of Carbon Fibers and
Carbon Fiber Components
2011-2015
Market structure, dynamics
and outlook
Slide 1 © Contrium Research GmbH 2012. All rights reserved.

2. Find out more…
The entire market based on Carbon Fibers is ~XX bn EUR
CFC MARKET 2011, VALUE ADDED (ESTIMATE) [BILLION EUR]
Carbon Fiber Semi-finished Components Total
Products
Source: Primary interviews, own analysis
Slide 2 © Contrium Research GmbH 2012. All rights reserved.

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In 2011, the CF market was characterized by some excess
capacities
EFFECTIVE CAPACITY AND DEMAND PER REGION 2011 [1.000 METRIC TONS]1
Asia (incl. India) Europe Americas
CF demand CF effective capacity
1 Rounded figures; capacity based on major players’ effective capacities excluding forecast new entrants; conservative demand estimate
Source: Primary interviews, own analysis
Slide 3 © Contrium Research GmbH 2012. All rights reserved.

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Industrial is the largest CF segment with the highest
absolute volume growth until 2015
DEVELOPMENT OF GLOBAL CF DEMAND PER SEGMENT 2011 VS. 2015 [1.000 METRIC TONS]
XX% CAGR
Sports
Aero
Industrial
2011 Sports Aero Industrial 2015
Source: Primary interviews, own analysis
Slide 4 © Contrium Research GmbH 2012. All rights reserved.

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Sport applications will increase XX% per year until 2015
OVERVIEW: GLOBAL DEMAND FOR CF SPORTS APPLICATIONS [1.000 METRIC TONS]
Market Outlook 2015
XX% CAGR
Find out
Golf Market … more…
Find out
Tennis Slight … more…
Find out
Bicycles Stable … more…
Boats / Find out
Market … more…
Marine
Find out
2011 2012 2013 2014 2015 Others In general … more…
Source: Primary interviews, own analysis
Slide 5 © Contrium Research GmbH 2012. All rights reserved.

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Aero applications are expected to grow by XX% per year
until 2015
OVERVIEW: GLOBAL DEMAND FOR CF AERO APPLICATIONS [1.000 METRIC TONS]
XX% CAGR Market dynamics
Carbon
Announced Programs Orders
Employed
Boeing B787 XX% ~XX
Boeing 737 Successor ~XX% XX
Airbus A350 XX% XX
Chinese C919 (et al.) XX% XX
Russian MS21 XX% <XX
Overall airplane demand will grow
XX% per year until 2030
2011 2012 2013 2014 2015
1 Total 737 orders 2011 as of May 5th, 2011
2 Total A350 orders 2011 as of May 5th, 2011
3 Total order volume as of April 29th, 2011
4 Total order volume as of July 21st, 2010
Source: Primary interviews, own analysis
Slide 6 © Contrium Research GmbH 2012. All rights reserved.

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Industry applications grow with XX% annually and are
driven by the wind and automotive segment
OVERVIEW: GLOBAL DEMAND FOR CF INDUSTRY APPLICATIONS [1.000 METRIC TONS]
Market growth 2011-2015
Absolute [1.000t] CAGR [%]
XX% p.a.
Wind XX%
Automotive XX%
Find Pressure V.
out more… XX%
Find out
more… Compounding
Find out more… XX%
Construction
Find out more… XX%
2011 2012 2013 2014 2015
Source: Primary interviews, own analysis
Slide 7 © Contrium Research GmbH 2012. All rights reserved.

8. Find out more…
Within wind applications, CFC are used as a structural part
of the rotor blades
USE OF CFC IN WIND APPLICATIONS
Sandwich (45° glass threads supporting foam in Heavy tow XXk CF for Spars ("Gurte")
shear stress)  Dry lay-up (Enercon, GE, Repower)
replaces balsa/expensive foams by using  UD Prepreg (Gamesa, Vestas)
cheaper foams
Multi-axial glass fiber lay-ups
(generally 2 layers on each side)
Sandwich for Spacers ("Stege") Sandwich
Source: Primary interviews
Slide 8 © Contrium Research GmbH 2012. All rights reserved.

9. Find out more…
Wind applications largely rely on heavy tow carbon fibers
SPAR-CAP TECHNOLOGY
Total market
volume 2015:
XX.000t
Materials & Manufacturing
Suppliers
Technology
Heavy Prepregs
XX, XX
(UD – XXk+ fibers)
Find out more…
XXX Technology
Some new entrants
(UD fabrics – XXk+ fibers)
Source: Primary interviews, own analysis
Slide 9 © Contrium Research GmbH 2012. All rights reserved.

10. Find out more…
www.anditsmarkets.com
Slide 10 © Contrium Research GmbH 2012. All rights reserved.