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Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C., 20549
 
Form 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date Of Report (Date Of Earliest Event Reported):  05/16/2005
 
EnerSys
(Exact Name of Registrant as Specified in its Charter)
 
Commission File Number:  1-32253
 
Delaware
  
23-3058564
(State or Other Jurisdiction of
  
(I.R.S. Employer
Incorporation or Organization)
  
Identification No.)
 
2366 Bernville Road, Reading, Pennsylvania 19605
(Address of Principal Executive Offices, Including Zip Code)
 
(610) 208-1991
(Registrant’s Telephone Number, Including Area Code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act(17CFR240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17CFR240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17CFR240.13e-4(c))
 

Items to be Included in this Report

 
Item 2.02.    Results of Operations and Financial Condition
 
On May 17, 2005, the Company will be making a presentation whereby it will be disclosing certain sales, market, earnings and other information with respect to its recently completed 2005 fiscal year. The Company is furnishing, as Exhibit 99.1 to this report, such information.
 
 
Item 7.01.    Regulation FD Disclosure
 
On May 17, 2005, the Company will be making a presentation whereby it will be disclosing certain sales, market, earnings and other information. The Company is furnishing, as Exhibit 99.1 to this report, such information.
 
 
Item 9.01.    Financial Statements and Exhibits
 
The following exhibit shall be deemed to be furnished:

99.1 Information in the Company's Presentation

 

 

Signature(s)
 
Pursuant to the Requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized.
 
      
 
EnerSys
 
 
Date: May 16, 2005.
     
By:
 
/s/    Michael T. Philion
               
Michael T. Philion
               
Executive Vice President - Finance and Chief Financial Officer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Information in the Company's Presentation
Information in the Company's Presentation
  1. Below is the Company's estimate of the size of the markets in which it participates and its estimated share of such markets, all for calendar year 2004:

 

Reserve Power

Motive Power

Total
 

(in billions except percentage data)

Total Market

$ 2.2

$ 1.7

$ 3.9

EnerSys Share

20%

29%

24% (1)

Geographic split of market:

      

Americas

31%

37%

34%

EMEA

36%

51%

43%

Asia

33%

12%

23%

End-markets:

      

Telecom

53%

---

---

UPS

32%

---

---

Reserve Other

15%

---

---

Forklift Trucks

---

95%

---

Motive Other

---

5%

---

(1) The Company's share is estimated to be 27% after acquisition of FIAMM's motive power business.
  1. Below is the Company's estimated fiscal year 2005 sales split by segment, geography and end market:

    2.  

    Reserve Power

    Motive Power

    Total
     

    (in Millions)

    Estimated Net Sales

    $ 511

    $ 572

    $ 1,083

    Geographic split:

    		      

    Americas

    ---

    ---

    $ 450

    EMEA

    ---

    ---

    $ 568

    Asia

    ---

    ---

    $ 65

    End-markets:

    		      

    Telecom

    $ 242

    ---

    $ 242

    UPS

    $ 77

    ---

    $ 77

    Reserve Other

    $ 192

    ---

    $ 192

    Forklift Trucks

    ---

    $ 524

    $ 524

    Motive Other

    ---

    $ 48

    $ 48

  2. The Company estimates that its incremental raw material costs for lead in fiscal year 2005 was approximately $44 million higher than its costs for lead in fiscal year 2004 based on fiscal year 2005 volume, and its incremental raw material costs for lead in fiscal year 2004 was approximately $8 million higher than its costs for lead in fiscal year 2003 based on fiscal year 2004 volume.

  3. The Company's operating earnings for fiscal year 2005 is estimated to be $77 million. Reconciliation of pro forma operating earnings (excluding special charges) to operating earnings under U.S. Generally Accepted Accounting Principles ("GAAP"):

 

Fiscal 2003

 

Fiscal 2004

  

Fiscal 2005
 

(in Millions)

Operating earnings as reported

$ 55.0

$ 54.6

$ 77.0

Special charges

--

$ 21.1

--

Pro forma operating earnings

$ 55.0

$ 75.7

$ 77.0

This presentation contains information on pro forma operating earnings determined by methods other than in accordance with GAAP. The Company's management uses pro forma operating earnings in their analysis of the Company's performance. This measure, as used by the Company, adjusts operating earnings determined in accordance with GAAP to reflect the elimination of special charges recorded during the periods presented. Specifically, charges relating to restructuring, bonuses and uncompleted acquisition attempts are included in special charges for fiscal year 2004. Management believes presentations of operating earnings reflecting these adjustments provide useful supplemental information in evaluating the operating results of our business. These disclosures should not be viewed as a substitute for operating earnings determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP operating earnings that may be presented by other companies.