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2 These
materials include "forward-looking statements". In these materials,
the words “Polypore,” “Polypore International,” “Company,” “we,” “us” and
“our” refer to Polypore International, Inc. together with its subsidiaries,
unless the context indicates otherwise. All statements other than statements
of historical facts included in these materials that address activities,
events or developments that we expect, believe or anticipate will or may
occur in the future are forward-looking statements, including, in particular,
the statements about Polypore International's plans, objectives, strategies
and prospects regarding, among other things, the financial condition, results
of operations and business of Polypore International and its subsidiaries. We
have identified some of these forward-looking statements with words like
"believe," "may," "will," "should,"
"expect," "intend," "plan,"
"predict," "anticipate," "estimate" or
"continue" and other words and terms of similar meaning. These
forward-looking statements are based on current expectations about future
events affecting us and are subject to uncertainties and factors relating to
our operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Many factors mentioned in
our discussion in these materials will be important in determining future
results. Although we believe that the expectations reflected in our
forward-looking statements are reasonable, we do not know whether our
expectations will prove correct. They can be affected by inaccurate
assumptions we might make or by known or unknown risks and uncertainties,
including with respect to Polypore International, the following, among other
things: the highly competitive nature of the markets in which we sell our
products; the failure to continue to develop innovative products; the loss of
our customers; the vertical integration by our customers of the production of
our products into their own manufacturing process; increases in prices for
raw materials or the loss of key supplier contracts; our substantial
indebtedness; interest rate risk related to our variable rate indebtedness;
our inability to generate cash; restrictions related to the senior secured
credit agreement; employee slowdowns, strikes or similar actions; product
liability claims exposure; risks in connection with our operations outside
the United States, including compliance with applicable anti-corruption laws;
the incurrence of substantial costs to comply with, or as a result of
violations of, or liabilities under environmental laws; the failure to
protect our intellectual property; the loss of senior management; the
incurrence of additional debt, contingent liabilities and expenses in
connection with future acquisitions; the failure to effectively integrate
newly acquired operations; absence of expected returns from intangible assets
we have recorded; the adverse impact from legal proceedings on our financial
condition; and natural disasters, epidemics, terrorist acts and other events
beyond our control. Because our actual results, performance or achievements
could differ materially from those expressed in, or implied by, the forward
looking statements, we cannot give any assurance that any of the events
anticipated by the forward looking statements will occur or, if any of them
do, what impact they will have on Polypore International's results of
operations and financial condition. You are cautioned not to place undue
reliance on these forward looking statements, which speak only as of the date
of these materials. We do not undertake any obligation to update these forward
looking statements in these materials or the risk factors set forth above to
reflect new information, future events or otherwise, except as may be
required under federal securities laws. This presentation contains certain
non-GAAP financial measures, including Adjusted EBITDA. For more information
regarding the computation of Adjusted EBITDA and reconciliation to the most
directly comparable GAAP measure, see the information and table at the end of
the presentation. Safe Harbor Statement
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