OUR MARKETS  INDUSTRIES & Drew Industries is focused on serving the recreational vehicle and manufactured hous- ing markets. Through our wholly-owned subsidiaries, Kinro and Lippert Components, Drew supplies both industries with a broad array of components, including windows, doors, chassis, RV slide-out mechanisms and power units, electric stabilizer jacks, and bath and shower units. From 41 facilities located throughout the U.S., and one in Canada, we supply most of the leading national manufacturers in these markets, such as customers like Cavalier, Champion, Clayton Homes, Coachmen, Fleetwood, Forest River, Oakwood Homes, Skyline, Thor and others. By leveraging highly efficient factories, state-of-the-art manu- facturing technology and national purchasing power, Drew has positioned itself as the lowest-cost producer in both the markets it serves. At the same time, we have invested resources and made strategic acquisitions to enhance new product development and innovation, in order to ensure that our compet- itive advantage extends to market leadership. Our goals are simple: • Become the leading supplier of components and systems to the RV market • Enhance our position as a value-added supplier to the manufactured housing market We are accomplishing these objectives through operational discipline, a passionate drive for quality and customer service, forward-thinking innovation, and a focus on being a partner, not just a supplier, with our customers. Supporting our internal initiatives are two markets—RVs and manufactured homes— that are experiencing dramatically different cycles, yet represent equal growth opportu- nities for Drew. The recreational vehicle market is expanding due to positive economic developments, and more pronounced demographic trends. The manufactured housing market, in a slump for the past five years, is now showing signs of recovery. In both mar- kets, Drew is poised to continue to build market share and extend our three-year trend of increasing profitability. Our wholly-owned subsidiary Lippert Components is a steel engineering and fabrication company serving the RV and manufactured housing indus- tries. Lippert is the nation’s leading producer of chassis and chassis parts  for towable R Vs. Lippert also makes slide-out mechanisms and power units, leveling and electric stabilizer jacks, specialty slide-out components and other products for the RV market, as well as chassis and chassis parts for manufactured homes. Kinro, our wholly-owned subsidiary, is America’s premier manufacturer of windows and doors for RVs and windows for manufactured homes, as well as a producer of bath products for the manufactured housing industry. Kinro enjoys a reputation in its markets as a total quality supplier and a leader in leveraging technology to develop new, innovative products. 4