Commercial Vehicle Group, Inc. · NASDAQ:CVGI
Commercial Vehicle — Stifel 2022 Cross Sector Insight Conference
15 slides from Commercial Vehicle's conference presentation, Jun 7, 2022
Slide 1: Stifel Cross Sector Insight Conference
Stifel Cross Sector Insight Conference June 7, 2022 Harold Bevis – President & Chief Executive Officer Chris Bohnert - Chief Financial Officer 1
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements and Non-GAAP Financial Measures These slides contain forward-looking statements that are subject to risks and uncertainties. These statements often include words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “will”, “should”, “could”, “would”, “project”, “co
Slide 3: CVG at a Glance
CVG at a Glance Our We deliver real solutions to complex design, engineering and manufacturing problems across a range of global industries by innovating, adding value and Mission treating our customer’s bottom line as if it were our own. $972 30 New Focus on electric vehicles, Global Footprint mill
Slide 4: Our Business
Our Business Warehouse Automation Electrical Systems Plastics Seating and Suspension Systems Mirrors and Wipers Cab Structures 4
Slide 5: Investment Highlights and 2025 Goals
Investment Highlights 1 New Management Team Driving Transformation 2 Strategic ReorganizationOngoing 3 Improving the Profitability of CVG’s Legacy Business 2025 Goals Grow revenues 4 Expanding into High Growth End Markets Expand margins 5 More than $2 Billion of Lifetime Revenue Secured 6 Revitalizi
Slide 6: 2022 Initiatives to Drive Shareholder Value
2022 Initiatives to Drive Shareholder Value Improve Profit on Core Regionalize Part Supply Pay Off Debt Win New Business Business • Decrease China supply • Pay down $25-40 million • Decrease legacy over- • Aggressively increase chains. in debt. dependence on NA Class prices and use our pricing 8 tru
Slide 7: Improving the Profitability of our Legacy Business
Improving the Profitability of our Legacy Business NA Class 8 Truck Build Outlook* (in thousands) 400 Annual 300 360 296 200 265 214 100 • Q122 class 8 truck build up sequentially vs Q4 21but flat year over year. 0 2020 2021 2022 2023 • Global conversion to EV and Fuel Cell away from ICE is expected
Slide 8: Have Won >$2 Billion Lifetime Revenue in 2 Years
Have Won >$2 Billion Lifetime Revenue in 2 Years Strengthening the company’s NEW BUSINESS WINS revenue profile with new markets, $ Millions customers and products 2500 2,193 2000 1,778 1,820 1,606 1500 1,419 Organic growth has exceeded 1,057 expectations 1000 523 365 415 433 500 325 222 0 2020 Q1 21
Slide 9: Electrification – A Big Focus Area for CVG's Future
Electrification – A Big Focus Area for CVG’S Future ELECTRIFICATION ELECTRIC VEHICLE SYSTEMS • New Center for Engineering Innovation in Phoenix, • Custom designed high and low voltage AZ, set to open this summer. distribution boxes. • Customer segments: electric vehicles, • Engineered design of high
Slide 10: Revitalizing CVG's Aftermarket Business
Revitalizing CVG’s Aftermarket Business 10
Slide 11: 2025 Roadmap
2025 Roadmap Revenue (in millions) $1,900* Strengthen the company’s revenue profile $500 with accretive new business that increases the $1,400 company’s value proposition and decreases its legacy customer dependence. $972 2021 2025 Improve the company’s legacy business, Timing may be impacted by res
Slide 12: Financial Review Q1 2022
Financial Review Q1 2022 12
Slide 13: Q1 2022 Highlights
Q12022 Highlights FINANCIAL HIGHLIGHTS BUSINESS HIGHLIGHTS AWARDED NEW BUSINESS AWARDS NET SALES ADJUSTED EBITDA 11 $89 additional hybrid and $244.4 $13.5 electric vehicle customers MILLION IN Q1 MILLION MILLION in the last two years. estimated annualized value. PRICE INCREASE agreements reached wit
Slide 14: First Quarter Results
First Quarter Results Three Months Three Months GAAP Measures Ended March 31 NON-GAAP Measures Ended March 31 (in millions except for share information) 2022 2021 (in millions except for share information) 2022 2021 Revenue $ 244.4 $ 245.1 Adjusted EBITDA $ 13.5 $ 21.1 Operating Income 8.4 15.4 Adju
Slide 15: Thank you
Thank you 15
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