<PAGE> 1
EXHIBIT 99
[LABARGE INC LOGO]
[GRAPHIC]
FOCUS.
STRATEGY.
PROGRESS.
AN OVERVIEW OF
LABARGE, INC.
DECEMBER 2000
<PAGE> 2
[LABARGE INC LOGO]
DELIVERING ON STRATEGIC GOALS
- Positive trends in key indicators
- Better-focused strategy and organizational structure
- Significant backlog growth
- "Breakthrough" contracts for Network Technologies Group and
proprietary ScadaNET Network(TM)
- Higher gross margins
- Improved capacity utilization in Manufacturing Services business
- Network Technologies business
- EBITDA growing significantly
2
<PAGE> 3
[LABARGE INC LOGO]
OUR STRATEGY
Build on Our
Core Competencies
Grow the core Add proprietary
electronics capabilities,
manufacturing technologies and
services business products
MANUFACTURING NETWORK
SERVICES GROUP TECHNOLOGIES GROUP
99% OF REVENUES* 1% OF REVENUES*
*For fiscal 2001 first quarter, ended 10/1/00.
3
<PAGE> 4
[LABARGE INC LOGO]
[GRAPHIC]
MANUFACTURING
SERVICES GROUP
Provides contract design and manufacturing services for
sophisticated, high-reliability electronics to
customers in a wide variety of technology-driven
markets
Allows customers to effectively outsource complex
applications
4
<PAGE> 5
[LABARGE INC LOGO]
[GRAPHIC]
NETWORK
TECHNOLOGIES
GROUP
Designs and markets proprietary wireless data
communications products and network services that
provide monitoring and control of remote industrial
equipment
Proprietary products, capabilities and technologies
5
<PAGE> 6
[LABARGE INC LOGO]
FISCAL 2000 INITIATIVES
- Manufacturing Services Group: restore core business growth
- Revamp and implement new sales and marketing strategy
- New management structure - improved disciplines
- Reorganization and upgrade of sales force
- Targeting of select customers who can benefit from our
expertise
- Broader diversification of customer base
- Improve coordination between sales and operations
- Network Technologies Group
- Develop initial orders for proprietary product
- Aggressive business plan
- High gross margin potential
6
<PAGE> 7
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
QUARTERLY BACKLOG
(In millions of dollars)
[LINE GRAPH]
<TABLE>
<CAPTION>
FY99 Q3 FY99 Q4 FY00 Q1 FY00 Q2 FY00 Q3 FY00 Q4 FY01 Q1 FY01 Q2 E
<S> <C> <C> <C> <C> <C> <C> <C>
$42.8 $42.7 $54.0 $58.3 $59.1 $62.7 $65.7* $85.0
</TABLE>
*HIGHEST BACKLOG IN 10 QUARTERS
7
<PAGE> 8
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
DIVERSE MARKETS - SALES
[PIE CHART]
<TABLE>
<CAPTION>
Aerospace Defense Industrial Medical Oil and Gas Government Systems Semiconductor Other
<S> <C> <C> <C> <C> <C> <C> <C>
14% 33% 1% 3% 18% 25% 3% 3%
</TABLE>
Breakdown of sales for fiscal 2001 first quarter, ended 10/1/00.
8
<PAGE> 9
[LABARGE INC LOGO]
ELECTRONICS MANUFACTURING
SERVICES INDUSTRY
- Strong trend toward outsourcing electronics production
- $100+ billion worldwide in 2000*
- Large, fragmented market
- Many players serving many markets
- Increased complexity of electronic products
- LaBarge's customer base:
- Companies that want to focus on own core competencies and boost
efficiencies
- LaBarge's niche:
- Low- to mid-volume
- High complexity/High reliability
- Higher margin potential
*Source: Electronic Buyers' News, 9/18/00.
9
<PAGE> 10
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
LOCATIONS
[MAP GRAPHIC]
- U.S. manufacturing operations
- Arkansas (Berryville and Huntsville)
- Missouri (Joplin)
- Oklahoma (Tulsa)
- Texas (Houston)
Domestic manufacturing enhances
our customers' outsourcing strategy (speed,
transport costs, security, quality, service).
10
<PAGE> 11
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
DIFFERENTIATORS
- Broad-based specialized capabilities
- Customized applications
- Highly engineered products
- Sophisticated electronic assembly capability
- Complete systems solutions
- Broad array of other value-added services
- Systems design
- Engineering and product development
- Direct link with customer
11
<PAGE> 12
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
TOP 10 CUSTOMERS
- Northrop Grumman - Postal systems and defense
- Schlumberger - Oilfield service equipment and tooling
- Lockheed Martin - Defense and commercial aerospace
- Sensis Corporation - Defense
- Rockwell Collins - In-flight entertainment systems
- General Electric - Medical and aircraft engines
- Boeing - Defense and commercial aerospace
- General Dynamics - Defense
- United Space Alliance - Space Shuttle
- Terumo - Medical
For fiscal 2001 first quarter, ended 10/1/00.
12
<PAGE> 13
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
ACHIEVEMENTS
- Developing important new customers
- Enhanced resources needed for growth - investments in equipment,
technology and people
- Greater visibility in marketplace
- More effective sales/marketing approach: target customers
- New management/improved focus and accountability
- Increased bookings: highest backlog in 10 quarters
- $39 million Northrop Grumman contract
13
<PAGE> 14
[LABARGE INC LOGO]
MANUFACTURING SERVICES GROUP -
STRATEGIES FOR GROWTH
- Maximize opportunities within existing customer base
- Strength of our customer relationships
- Leveraging performance for additional contracts with customers
- Booked 86% more business from our 10 largest customers in FY
2000
- Develop new customers that fit LaBarge profile
- Typically large, technology-driven companies
- Need for outsourcing and/or sophisticated capabilities
- Broad array of growth industries
14
<PAGE> 15
[LABARGE INC LOGO]
NETWORK TECHNOLOGIES GROUP
- Acquired through March 1999 OCS acquisition
- Adds proprietary electronic products
- Increases LaBarge's capabilities and knowledge
- Hardware and software engineering capability
- New product development
- Marketing and ongoing services
- Products manufactured by LaBarge's Manufacturing Services Group
- Higher gross margins
- Ongoing revenue stream from service agreements
15
<PAGE> 16
[LABARGE INC]
NETWORK TECHNOLOGIES GROUP -
DIFFERENTIATOR
- Proprietary ScadaNET Network(TM)
- Application for remote locations
- End-to-end solution
- Leverages existing cellular telephone infrastructure and Internet
technologies
- Low cost, two-way data communication
- More reliable monitoring of industrial equipment
[GRAPHIC]
16
<PAGE> 17
[LABARGE INC LOGO]
SCADANET NETWORK (TM) -
SUCCESS IN RAIL INDUSTRY
- First target market
- Small number of major rail players
- Small number of industry suppliers, not technologically oriented
- 1,500 units sold
17
<PAGE> 18
[LABARGE INC LOGO]
SCADANET NETWORK (TM) -
SUCCESS IN RAIL INDUSTRY (CONT.)
- Remotely monitors the functionality of crossing equipment
- Standardization by rail organizations
- Burlington Northern and Santa Fe
- Union Pacific
- Montana Rail Link
- I&M Rail Link
- Endorsement and funding by state transportation departments for
safety programs
- Illinois outfitting all new crossings with ScadaNET
- 23 states have approved ScadaNET for new crossings
18
<PAGE> 19
[LABARGE INC LOGO]
NETWORK TECHNOLOGIES GROUP -
STRATEGY FOR GROWTH
- Goal: ScadaNET Network(TM) as standard in railroad industry
- Target large, well-defined opportunities where LaBarge can be the
dominant player
- Natural gas pipelines: cathodic protection equipment
- Move toward profitability
19
<PAGE> 20
[LABARGE INC LOGO]
NET SALES/GROSS PROFIT MARGINS -
FIVE-YEAR HISTORY
(In millions of dollars)
[LINE GRAPH]
<TABLE>
<CAPTION>
1996 1997 1998 1999 2000 2001 E
<S> <C> <C> <C> <C> <C> <C>
Net sales 75.1 96.7 95.6 78.6 79.6 100
Gross profit margin 18.6 19.9 23.2 20.2 22.5 22.5
</TABLE>
From continuing operations.
20
<PAGE> 21
[LABARGE INC LOGO]
NET SALES/GROSS PROFIT MARGINS -
QUARTERLY HISTORY
(In millions of dollars)
[LINE GRAPH]
<TABLE>
<CAPTION>
FY99 Q1 FY99 Q2 FY99 Q3 FY99 Q4 FY00 Q1 FY00 Q2 FY00 Q3 FY00 Q4 FY01 Q1
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Net sales 21.1 21.6 19.2 16.7 14.1 17.6 22.1 25.8 24.3
Gross profit margin 22.3 21.0 18.8 18.2 17.4 19.1 23.6 26.8 22.8
</TABLE>
From continuing operations.
21
<PAGE> 22
[LABARGE INC LOGO]
INTERIM RESULTS
<TABLE>
<CAPTION>
(dollars in thousands) THREE MONTHS ENDED
OCT. 1, 2000 OCT. 3, 1999 % CHANGE
<S> <C> <C> <C>
Net sales $24,284 $14,131 + 72%
Cost of sales 18,737 11,670 + 61%
Gross profit 5,547 2,461 + 125%
Selling and administrative 4,188 3,686 + 14%
Net earnings from
continuing ops $ 634 $(1,340)
Diluted EPS from
continuing ops $ .04 $ (.09)
EBITDA from
continuing ops* $ 2,420 $ (388)
</TABLE>
*Less non-recurring items
22
<PAGE> 23
[LABARGE INC LOGO]
COMPARATIVE BALANCE SHEET ITEMS
<TABLE>
<CAPTION>
(dollars in thousands)
OCT. 1, 2000 OCT. 3, 1999
<S> <C> <C>
Current assets $ 43,232 $ 28,964
Current liabilities 27,487 16,347
Total debt 26,917 23,018
Equity 26,458 22,577
Senior debt/EBITDA (LTM) 2.5 6.7
</TABLE>
23
<PAGE> 24
[LABARGE INC LOGO]
LABARGE'S FOCUSED COMMITMENT
TO AGGRESSIVE, PROFITABLE GROWTH
- Excellent reputation and customer base
- Broadening our reach
- Target new customers
- Attain new proprietary capabilities and skills
- FY 2001 second-quarter results expected to be comparable to first
quarter
- Strong backlog in core business
- FY 2001 second-half results expected to be up from first half
- Entering second half with anticipated backlog of $85 million
- ScadaNET progress and growth opportunity
- Strengthening balance sheet
24
