Case CSS Doc 476 Filed 07/06/20 Page 1 of 10

(1)

FOR THE DISTRICT OF DELAWARE

In re: Exide Holdings, Inc., et al. Case No.:(1)_20-11157

Debtors Reporting Period: May 19, 2020 - May 31, 2020

Form No. Document

Attached Explanation Attached

MOR-1 X MOR-1a X MOR-1b X MOR-1c X X MOR-2 X MOR-3 X MOR-4 X MOR-4 X MOR-5 X MOR-6 X

I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief.

/s/ Roy Messing 7/6/2020

Signature of Authorized Individual Date

Roy Messing Chief Restructuring Officer

Printed Name of Authorized Individual Title of Authorized Individual

(1) _{The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal taxpayer-identification number, as applicable are: Exide Holdings, Inc. (5504),} Exide Technologies, LLC (2730), Dixie Metals Company (0199), Refined Metals Corporation (9311), and Exide Delaware LLC (9341). The mailing address for each of the Debtors is 13000 Deerfield Parkway, Building 200, Milton, Georgia 30004.

Schedule of Professional Fees Paid

CORPORATE MONTHLY OPERATING REPORT REQUIRED DOCUMENTS

Schedule of Cash Receipts and Disbursements

Bank Account Reconciliation/Information Schedule of Cash Disbursements

Accounts Receivable Reconciliation and Aging Debtor Questionnaire

Copies of Bank Statements

Statement of Operations Balance Sheet

Status of Postpetition Taxes

Summary of Unpaid Postpetition Debts

(2)

In re: Exide Holdings, Inc., et al. Case No.: 20-11157

MOR-1: SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

($ in US Dollars)

Debtor(s): Exide Holdings, Inc. Exide Technologies, _LLC Exide Delaware LLC Dixie Metals Company Refined Metals _Corporation

Case Number(s): 20-11157 20-11158 20-11161 20-11159 20-11160 ACTUAL (TOTAL OF CURRENT PERIOD

ALL ACCOUNTS) Cash at Beginning of Period (2) _{- 11,425,875 - - - 11,425,875} Receipts

Operating Cash Receipts 13,084,000 13,084,000

Intercompany Receipts - Debtors -

Intercompany Receipts - Non-debtors 95,000 95,000

Non-Operating Inflows 5,000,000 5,000,000

Total Cash Receipts - 18,179,000 - - - 18,179,000 Disbursements

Operating Cash Disbursements 11,622,682 11,622,682

Non-Operating Cash Disbursements 5,000,000 5,000,000

Intercompany Disbursements - Debtors -

Intercompany Disbursements - Non-debtors -

Interest Payments and Fees -

Professional Fees -

Other Restructuring Disbursements -

Total Disbursements - 16,622,682 - - - 16,622,682 Net Cash Flow

Net Cash Flow (Total Receipts less Total

Disbursements) - 1,556,318 - - - 1,556,318

Net Cash Flow From DIP Loan

Gross DIP Loan Proceeds -

Less: Deductions for fees and expenses -

Net DIP Loan Proceeds - - - - - -

Exchange Rate Gain/ (Loss) - -

Cash at End of Period - 12,982,193 - - - 12,982,193

Outstanding Check Float and Deposits in Transit - 639,160 - - - 639,160

Bank Cash at End of Period $ - 13,621,352 $ - $ - $ - $ 13,621,352

(2)_{Cash at Beginning of the Period includes ACH reversal $3,327,017 (submitted to the bank on 5/13/2020 and confirmed by the bank on 5/20/2020), and cancelled checks $1,397,268 on 5/19/2020 (for all checks}

issued prior to 5/19).

(3)

MOR-1a: BANK ACCOUNT RECONCILIATION/ INFORMATION ($ in US Dollars)

Bank Account Information(3)

Legal Entity Case No. Bank Name / Address Account Number _{(last 4 digits)} Bank Balance as of _5/31/2020 Book Balance as _{of 5/31/2020} Exide Holdings, Inc. 20-11157 NA - - Subtotal Exide Holdings, Inc. $ - $ - Exide Technologies, LLC 20-11158 5951 50,000 50,000 Exide Technologies, LLC 20-11158 5962 - (646,441) Exide Technologies, LLC 20-11158 5935 11,003,867 11,003,867 Exide Technologies, LLC 20-11158 5948 - - Exide Technologies, LLC 20-11158 0588 978,487 978,487 Exide Technologies, LLC 20-11158 1801 126,647 111,131 Exide Technologies, LLC 20-11158 EUR2489 191,801 213,969 Exide Technologies, LLC 20-11158 USD2489 679 679 Exide Technologies, LLC 20-11158 9893 1,143,370 1,143,370 Exide Technologies, LLC 20-11158 7137 46,627 46,906 Exide Technologies, LLC 20-11158 9885 77,141 74,958 Exide Technologies, LLC 20-11158 7145 2,734 2,767 Exide Technologies, LLC 20-11158 2845 - - Exide Technologies, LLC 20-11158 0768 - - Exide Technologies, LLC 20-11158 1925(4) _{- -} Exide Technologies, LLC 20-11158 1934(4) _{- -} Exide Technologies, LLC 20-11158 1952(4) _{- -} Exide Technologies, LLC 20-11158 3371(4) _{- -} Exide Technologies, LLC 20-11158 3870(4) _{- -} Exide Technologies, LLC 20-11158 9026(4) _{- -} Exide Technologies, LLC 20-11158 64000(4) _{- -} Exide Technologies, LLC 20-11158 85000(4) _{- -} Exide Technologies, LLC 20-11158 41-000(5) _{- -} Exide Technologies, LLC 20-11158 59-000(5) _{- -} Exide Technologies, LLC 20-11158 N/A - 2,500 Subtotal Exide Technologies, LLC $ 13,621,352 $ 12,982,193

Exide Delaware LLC 20-11161 NA - -

Subtotal Exide Delaware LLC $ - $ -

Dixie Metals Company 20-11159 5970 - -

Subtotal Dixie Metals Company $ - $ -

Refined Metals Corporation 20-11160 5988 - - Refined Metals Corporation 20-11160 76000(4) _{- -}

Subtotal Refined Metals $ - $ - Grand Total $ 13,621,352 $ 12,982,193

(4)_{These accounts are standby trust accounts, which had zero bank balance as of May 31, 2020 and their book balances are not reflected in our cash numbers on the} books.

(5)_{These accounts are Vernon Trust Accounts and their balances are not reflected in our cash numbers on the books. As of May 31, 2020, account 41-000 had a bank} balance of $15,324,422.76 and account 59-000 had a bank balance of $3,000,000.

Petty Cash

(3)_{During the reporting period, the Debtors opened a new Bank of America account (account number 2845) as part of the Debtors cash management system to segregate} DIP funds. The Debtors opened a new Citibank account (account number 0768) that holds the entirety of the DIP loan in escrow.

NA

Bank of America/ PO BOX 15284, WILMINGTON DE 19850

U.S. Bank/ 800 Nicollet Mall, Minneapolis, MN 55402

NA

Bank of America/ PO BOX 15284, WILMINGTON DE 19850

Atlantic Union Bank/ 1051 East Cary Street, Suite 1200, Richmond, VA 23219

Bank of Montreal/ 100 King Street W 18th Floor, Toronto ON M5X 1A1

Citibank/ 701 East 60th ST North, Sioux Falls SD 57104

U.S. Bank/ 800 Nicollet Mall, Minneapolis, MN 55402

Wilmington/ 1100 North Market Street, Wilmington, DE 19890-0001

(4)

MOR-1b: SCHEDULE OF CASH DISBURSEMENTS (LESS INTERCOMPANY TRANSFERS) FOR CALCULATING UST QUARTERLY FEES

($ in US Dollars)

Case Number Debtor Disbursements: Less Intercompany _Transfers: Total Disbursements (for _{quarterly fee purposes):}

20-11157 Exide Holdings, Inc. - -

-20-11158 Exide Technologies, LLC (6) _11,622,682 _- _11,622,682

20-11161 Exide Delaware LLC - -

-20-11159 Dixie Metals Company - -

-20-11160 Refined Metals Corporation - -

-GRAND TOTALS: $ 11,622,682 $ - $ 11,622,682

(6)_{Disbursement calculation excludes $5.0 million DIP payback disbursement as it relates to the DIP payback rather than a true operating disbursement.}

(5)

MOR-1c: SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

($ in US Dollars)

(6)

MOR-2: STATEMENT OF OPERATIONS ($ in US Dollars)

Exide Holdings, Inc.

Exide Technologies,

LLC Exide Delaware LLC Dixie Metals Company Refined Metals Corporation Current Period Current Period Current Period Current Period Current Period

5/31/2020 5/31/2020 5/31/2020 5/31/2020 5/31/2020

Net Sales - 26,736,871 - -

-OPERATING EXPENSES

Operating Expenses - 35,466,196 - -

-Total Operating Expense Before Depreciation and Amortization - 35,466,196 - -

-Depreciation and Amortization Expense - 1,279,854 - -

-Net Profit (Loss) Before Other Income & Expense - (10,009,180) - - -OTHER INCOME AND EXPENSES

Other Non-Operating Income - (349,215) - -

-Other Non-Operating Expenses - - - - -Other Net Non-Operating (Income)/Expenses - - - - -Net Interest (Income)/Expense - 2,444,775 - -

-Net Profit Before Reorganization Items - (12,803,170) - - -REORGANIZATION ITEMS

Reorganization Costs and Fees - 18,463,397 - -

-US Trustee Fees - - - -

-Total Reorganization Expenses - 18,463,397 - -

-Income Tax Benefit - - - -

-Net Income (Loss) $ - $ (31,266,568) $ - $ - $

(7)

MOR-3: BALANCE SHEET (7) ($ in US Dollars) Exide Holdings, Inc. Exide Technologies,

LLC Exide Delaware LLC Dixie Metals Company Refined Metals Corporation Exide Holdings, Inc. Exide Technologies,

LLC Exide Delaware LLC Dixie Metals Company Refined Metals Corporation Petition Date Petition Date Petition Date Petition Date Petition Date

5/31/2020 5/31/2020 5/31/2020 5/31/2020 5/31/2020 5/19/2020 5/19/2020 5/19/2020 5/19/2020 5/19/2020

Assets Current Assets

Cash and cash equivalents (8) _- _12,982,193 _- _- _- _- _11,425,875 _- _-

-Accounts receivable, net - 88,673,000 - - - - 79,301,031 - - -Receivables from related party - 88,087,026 - 412,891 - - 69,635,905 - 412,891 -Other receivables - 13,220,000 - - - - 16,266,751 - - -Inventories, net - 167,475,000 - - - - 172,314,761 - - -Prepaid expenses and other current assets - 13,168,007 - - - - 14,849,639 - - -Total Current Assets - 383,605,226 - 412,891 - - 363,793,962 - 412,891 -Fixed assets, net - 272,620,000 - 3,282 - - 261,472,913 - 3,282 -Intangible assets, net - 10,337,428 - - - - 10,439,998 - - -Investment in group company 1,703,552,725 3,481,815 - - - 1,703,552,725 3,481,815 - - -Loan receivables from related party - 137,484,456 - - - - 134,022,554 - - -Other long-term assets - 59,589,557 - - - - 59,791,841 - - -Total Assets $ 1,703,552,725 $ 867,118,482 $ - $ 416,173 $ - $ 1,703,552,725 $ 833,003,082 $ - $ 416,173 $ -Liabilities and Owners' Equity

Liabilities Not Subject to Compromise

Accounts payable - 264,821 - - - - - - - -Short-term debt - - - - - - - - - -Accrued liabilities - 33,625,179 - - - - - - - -Payables to related party - 4,302,430 - - - - - - - -Other short-term liabilities - - - - - - - - - -DIP Loan (8) _- _- _- _- _- _- _- _- _-

-Loans to related party - - - - - - - - - -Other long-term liabilities - 18,802,000 - - - - - - - -Accrued Retained Professional Fees - - - -Total Liabilities Not Subject To Compromise - 56,994,430 - - - - - - - -Liabilities Subject to Compromise

Total Liabilities Subject to Compromise 85,000,000 1,159,234,052 32,381,608 1,691,677 9,671,380 85,000,000 1,168,619,958 32,381,608 1,691,677 9,671,380 Owners' Equity

Prepetition Owners' Equity - - - - - 1,618,552,725 (335,616,876) (32,381,608) (1,275,504) (9,671,380) Postpetition Owners' Equity 1,618,552,725 (349,110,000) (32,381,608) (1,275,504) (9,671,380) - - - - -Total Equity 1,618,552,725 (349,110,000) (32,381,608) (1,275,504) (9,671,380) 1,618,552,725 (335,616,876) (32,381,608) (1,275,504) (9,671,380) Total Liabilities and Equity $ 1,703,552,725 $ 867,118,482 $ - $ 416,173 $ - $ 1,703,552,725 $ 833,003,082 $ - $ 416,173 $

-(7)_{The balances here are not presented on a consolidated basis.}

(8)

MOR-4: STATUS OF POSTPETITION TAXES

The Debtors have filed all necessary tax returns and are current on all post-petition taxes, or are in the process of remediating any immaterial late filings or payments.

MOR-4: STATUS OF UNPAID POSTPETITION DEBTS

($ in US Dollars)

Number of Days Past Due

Debtor Current 0-30 31-60 Over 60 Total

Accounts Payable 250,099 14,722 - - 264,821

Total $ 250,099 $ 14,722 $ - $ - $ 264,821

(9)

MOR-5: ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

($ in US Dollars) Amount 79,301,031 22,455,969 (13,084,000) 88,673,000 $

Accounts Receivable Aging Amount

0 - 30 days old 83,570,000

31 - 60 days old 10,442,000

61 - 90 days old 2,328,000

91+ days old 5,416,000

Total Accounts Receivable 101,756,000

Less: Reserves for collectability, cash discounts, trade promotions,

returns, damages, fines, and penalties (13,083,000)

Net Accounts Receivable $ 88,673,000

Accounts Receivable Reconciliation

Total Accounts Receivable at the beginning of the reporting period Plus: Amounts billed during the period

(Less): Amounts collected during the period

(10)

MOR-6: DEBTOR QUESTIONNAIRE

# Yes No Comments

1 X

2 X

3 X See explanation on MOR-4.

4 X

5 Has any bank account been opened during the reporting period? If yes, provide documentation identifying the opened accounts(s). If an investment account has been opened provide the X See footnote on MOR-1a. required documentation pursuant to the Delaware Local Rulle 4001-3.

Must be completed each month. If the answer to any of the questions is “Yes”, provide a detailed explanation of each item. Attach additional sheets if necessary.

Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation.

Have any funds been disbursed from any account other than a debtor in possession account this reporting period? If yes, provide an explanation.

Have all postpetition tax returns been timely filed? If no, provide an explanation.

Are workers compensation, general liability or other necessary insurance coverages in effect? If no, provide an explanation.