0 2 4 6 8 10 Segment Results RV Products Drew's Sales Content  Per RV Shipped by Industry $ 550 $ 419 $ 243 $ 337 1999 2000 2001 2002 2003 $ 684 Through new product introductions, market share gains and acquisitions, Drew’s sales of RV products have more than doubled, to nearly $220 million, in the last two years. $220 million Nearly 7 million families in the United States will “Go RVing” this year in a recreational vehicle, and more fami- lies are expected to join them over the next decade. Demographic trends favor continuing growth in the RV industry, as demand for RVs has historically been strongest among the 50 and over age group, the fastest growing  segment of the U.S. population. By the year 2010, there will be about 46 million households in this category, an increase of 25 percent over the number of households in 2000. Drew produces a growing line of components for RVs, including windows, doors, chassis, slide-out mechanisms and power units, and electric stabilizer jacks, primarily for travel trailers and fifth wheel RVs. In 2003, Drew achieved sales gains in every product line of its RV segment. Also, while Drew’s strength lies in towable RVs, we continue to develop new products and gain market share in the motorhome segment. After RV industry growth of 21 percent during 2002, RV industry shipments of both towable RVs and motorhomes increased another 3 percent during 2003 to 321,000 units. Industry shipments in Drew’s primary market, travel trailers and fifth wheel RVs, have been stronger than other RV cat- egories, increasing more than 9 percent to 214,000 units during 2003. Outpacing industry growth, sales by our RV products segment increased 28 percent to $219.5 million for 2003. This is a result of Drew’s continued market share gains, particularly in slide-out mechanisms, the addition of new products, and to a lesser extent, the effects of two recent acquisitions. The future of the RV industry is bright, and Drew is well positioned to supply this market as one of the only national suppliers to the RV market for our type of products. The above photo  shows an RV slide-out mechanism. The left photo  is a fifth wheel RV. 6 demographics favor GROWTH OF R industry