manifesto bike hanger

94

Upload: jeeyong-an

Post on 22-Mar-2016

221 views

Category:

Documents


0 download

DESCRIPTION

The Bike Hanger is an innovative and function-focused facility that provides high-density bicycle storage using zero emissions and no electricity and with a minimal loss of space that has the potential to become an artistic urban landmark. The patent-pending design of the Bike Hanger is currently being prepared for sale in various countries in Europe, Asia, Australia and the US.

TRANSCRIPT

Page 1: Manifesto Bike Hanger

BLACK gt

WHITEBLACKgt

WHITE gt

BIKE HANGERReCYCLEing Underutilized Urban Spaces

Specifications

System Geared Bicycle StorageHeight Adjacent Building HeightsWidth Breadth of Building AlleyFrame Material Recycled Stainless Steel and Recycled Carbon FrameCanopy Material Recycled Plastic BottleConstruction Anchored to Exterior Surface of Adjacent BuildingPower Source Human PedalingMaintenance Cost $25year (Parts Lubrication and Calibration)

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 Billion in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

55 Billion in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 2: Manifesto Bike Hanger

BIKE HANGERReCYCLEing Underutilized Urban Spaces

Specifications

System Geared Bicycle StorageHeight Adjacent Building HeightsWidth Breadth of Building AlleyFrame Material Recycled Stainless Steel and Recycled Carbon FrameCanopy Material Recycled Plastic BottleConstruction Anchored to Exterior Surface of Adjacent BuildingPower Source Human PedalingMaintenance Cost $25year (Parts Lubrication and Calibration)

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 Billion in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

55 Billion in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 3: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 Billion in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

55 Billion in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 4: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 Billion in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

55 Billion in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 5: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

55 Billion in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 6: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

68 Billion in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 7: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

92 Billion in 2050

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 8: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 9: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

28 in 1950

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 10: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

43 in 1990

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 11: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

51 in 2010

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 12: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

70 in 2050

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 13: Manifesto Bike Hanger

1950 28BillionTotalPopulation 28UrbanPopulation 078BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 14: Manifesto Bike Hanger

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation

1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 15: Manifesto Bike Hanger

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation

2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 16: Manifesto Bike Hanger

1950 28BillionTotalPopulation 28UrbanPopulation 08BillionUrbanPopulation1990 55BillionTotalPopulation 43UrbanPopulation 24BillionUrbanPopulation2010 68BillionTotalPopulation 51UrbanPopulation 35BillionUrbanPopulation

2050 92BillionTotalPopulation 70UrbanPopulation 65BillionUrbanPopulation

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 17: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 18: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 19: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 20: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 21: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 22: Manifesto Bike Hanger

7

8

9

10

11

12

13

14

15

Source Portland Bureau of Transportation

Road700c

Mountain bike

Hybridcross

Comfort

World

United States

China

Korea Rep

Youth

Cruiser

RecumbentTande

ETC

2005

10

20

30

40

50

60

70

80

90

100

2006 2007 2008 2009 2010

Urban Percentage ()

Rural Percentage ()

Source US Commerce Department statistics Gluskin Townley Group estimatesSource Bicycle Manufacturers Association and apparent market consumption based on US Department of Commerce import statistics and estimates of domestic market production by National Bicycle Dealers Association and Gluskin Townley Group LLC

Bicycle Sales in USRECENT HISTORY OVERVIEW

The industryrsquos high point in terms of unit sales was the so-called bike boom in the 1970s The boom ended suddenly when the industry reached a rapid saturation point and did not have breadth of product choices to sustain sales levels

Today the industry has a much stronger foundation with an estimated 2000 companies involved in manufacturing and distributing cycling products to retailers and approximately 150 different bicycle brand names to choose from A wider variety of product is being sold to a wider range of consumers than ever before Since the boom no part of the bicycle has remained unchanged with fundamental improvements in design and materials being the norm throughout the industry

The key growth area in 2010 was road bikes according to the annual retail survey published by the NBDA The increase is being attributed primarily to consumer reaction to high gas prices mid-year as they turned to the bicycle in order to use less fuel and save money Retailers also reported an increase in service and repair work during this period as people were bringing bicycles they already owned out of storage and wanted to make them road-worthy The unit sales trends by category are below

(From National Bicycle Dealers Association)

A Look at the Bicycle Industryrsquos Vital StatisticsINDUSTRY OVERVIEW

2010 was a recovery year for the US bicycle industry with direct effect sales growing nearly 15 from 2009

The US bicycle industry generated $6 billion in sales in 2010 including retail sales of bicycles related parts and accessories through all channels of distribution

The size of the industry has remained remarkably stable since 2003 with sales between $58 billion and $61 billion each year (the exception being 2009) For comparison purposes we project the industry at $53 billion in 2002 $54 billion in 2003 $58 billion in 2004 $61 billion in 2005 (an all-time high) $58 billion in 2006 $60 billion in 2007 $60 billion in 2008 $56 billion in 2009 and $6 billion in 2010

Bicycle unit sales (for all bicycles and for those with 20-in wheels and above) for the US including both the dealer and mass merchant channels are as follows Please note that these figures reflect market consumption based on import statistics and estimates of domestic production They do not account for inventory at the retail and wholesale levels

(From National Bicycle Dealers Association)

Bicycle Statistics

Environmental Statistics

World Urbanization Statistics

Bicycle Sales by Category(Percent Share)

Bicycle Sold 20 and above (millions)

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 205019501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

10

20

30

40

50

60

70

80

90

100

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

1000000000

2000000000

3000000000

4000000000

5000000000

6000000000

7000000000

8000000000

9000000000

10000000000

PopulationPercentage ()

PopulationPopulation

World Urbanization ProspectsPERCENTAGE URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

Urban Annual Growth Rate ()

Rural Annual Growth Rate ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

+250

+300Percentage ()

World Urbanization ProspectsANNUAL GROWTH RATE ()

(From United Nation the 2007 Revision Population Database)

World Development IndicatorsCO2 EMISSION (kt)

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Bicycle CountsNEW YORK CITY NEW YORK

New York City Cyclist Counts at Selected Commuter LocationsWeekday 7AM to 7PM 1980-2009

79 increase since 200626 increase since 2008

Bicycle CountsPORTLAND OREGON

Average Daily Bicycle Traffic4 Main Willamette River Bicycle Bridges

World Development IndicatorsCO2 EMISSION per CAPITA

Carbon dioxide emissions are those stemming from the burning of fossil fuels and the manufacture of cement They include carbon dioxide produced during consumption of solid liquid and gas fuels and gas flaring

(From THE WORLD BANK Database)

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States Catalog Sources World Development Indicators

Source Carbon Dioxide Information Analysis Center Environmental Sciences Division Oak Ridge National Laboratory Tennessee United States

World Ecomony IndicatorsPETROLEUM PRICE per BARREL

Monthly average Brent spot pricesConversion to April 2011 dollars uses US CPI for All Urban Consumers (CPI-U)

Source Energy Information Administration and Bureau of Labor Statistics

World Urbanization ProspectsWORLD URBAN POPULATION

(From United Nation the 2007 Revision Population Database)

World Urbanization ProspectsWORLD TOTAL POPULATION

(From United Nation the 2007 Revision Population Database)

World

United States

China

Korea Rep

1990

5M

10M

15M

20M

25M

30M

5

10

15

20

25

30

1991 1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010 199019891986 1990198919881987

$20

$40

$60

$80

$100

$120

$140

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201119911981987 1993 1995 1997 1999 2001 2003 2005 2007

1992 1994 1996 1998 2000 2002 2004 2006

Brooklyn Bridge

Staten Island Ferry

Manhattan Bridge

Williamsburg Bridge

Queensboro Bridge

Hudson River Greenway at 50th Street

9th 10th 11th 12th Avenues at 50th Street

Steel

Broadway

Hawthorne

Burnside

Source New York City Department of Transportation Source Portland Bureau of Transportation

NoData

199019881986198419911989198719851980

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

1991

500

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

11000

12000

13000

14000

15000

16000

10500

11500

12500

13500

14500

15500

1500

2500

3500

4500

5500

6500

7500

8500

9500

1993 1995 1997 1999 2001 2003 2005 2007 20091992 1994 1996 1998 2000 2002 2004 2006 2008 2010

CO2 Emission (kt) CO2 Consumptionper Capita

World Development IndicatorsELECTRICITY CONSUMPTION (kWh) per CAPITA

Electric power consumption measures the production of power plants and combined heat and power plants less transmission distribution and transformation losses and own use by heat and power plants

(From THE WORLD BANK Database)

Source International Energy Agency (IEA Statistics copy OECDIEA) Energy Statistics and Balances of Non-OECD Countries and Energy Statistics of OECD Countries Catalog Sources World Devel-opment Indicators

World

United States

China

Korea Rep

2000

4000

6000

8000

10000

12000

14000

19901991 1993 1995 1997 1999 2001 2003 2005 2007 2009

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010

Electiricity Consumptionper Capita (kWh)

Petroleum Priceper Barrel

CyclistVolume

Daily Bicycle Trips

19901988198619841982199119891987198519831981 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015

1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014

Change of Urban Percentage ()

Change of Rural Percentage ()

19501955 1965 1975 1985 1995 2005 2015 2025 2035 2045

1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

-200

-150

-100

-050

0

+050

+100

+150

+200

ChangePercentage ()

World Urbanization ProspectsANNUAL RATE OF CHNAGE ()

(From United Nation the 2007 Revision Population Database)

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Source Population Division of the Department of Economic and Social Affairs of the United Nations Secretariat World Population Prospects The 2006 Revision and World Urbanization

Page 23: Manifesto Bike Hanger