Uncontrollable, Exogenous Events Over Time: - Exchange rates up...

Uncontrollable, Exogenous Events Over Time:

- Exchange rates up or Exchange Rates Down
- Steel Prices Up or Steel Prices Down
- Oil Prices Up or Oil Prices Down
- Mining Boom or No Mining Boom
- Economies Up or Economies Down
- GFC or No GFC
- Greek Debt Default or No Greek Debt Default
- Democrats in Power or Republicans in Power
- Labor in Power or Liberals in Power
- Brexit or No Brexit


ARB's Financial Performance Over Time:




CONCLUSION:

When it comes to shareholder value creation:

1. Prudent R&D investment that yields high-quality products, combined with astute management, matters.

2. Uncontrollable, exogenous variables don't.
.