Slide 1: 2Q16 Earnings Release
2Q16 Earnings Release August 2, 2016 HIGHER LEVEL PERFORMANCE Exhibit 99.2
Slide 2: Stoneridge Forward Looking Statements
2 STONERIDGE FORWARD LOOKING STATEMENTS Statements in this presentation that are not historical facts are forward - looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important fa
Slide 3: 2Q16 Performance Summary
STONERIDGE 2Q16 Performance Summary 3 Variance 2Q16 2Q15 $ % Sales $186.9 $165.3 ↑ $21.6 13.1% Gross Profit Margin 28.2% 27.8% ↑ Operating Earnings $13.6 $7.4 ↑ $6.2 83.8% Operating Margin 7.3% 4.5% ↑ EPS $0.41 $0.25 ↑ $0.16 64.0% 2Q16 results included in revised full year 2016 guidance – Aug 2, 201
Slide 4: Sales by Segment – 2Q16 vs 2Q15
STONERIDGE Sales by Segment – 2Q16 vs 2Q15 4 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 91.8 0.4 0.0 92.2 66.9 0.4 0.0 67.3 Med / HD Truck 11.9 55.0 0.0 66.9 11.7 55.3 0.0 67.0 Ag 2.0 0.0 0.0 2.0 2.3 0.0 0.0 2.3 PST / Other 3.2 2.4 20.2 25.8 3.7 2.2 23.0 28.9 TOTAL 108.9 57.8 20.2 186.9
Slide 5: Adjusted Sales – 2Q16 vs 2Q15
STONERIDGE Adjusted Sales – 2Q16 vs 2Q15 5 Reconciliation of Sales to Constant Currency Adjusted Sales Three months ended June 30, 2016 and 2015 (Unaudited) Values in millions Increase / 2Q16 2Q15 (Decrease) Pctg Δ Electronics Segment Sales As Reported 57.8 57.9 (0.1) (0.2)% Plus: Constant Foreign C
Slide 6: Sales, Gross Profit, & Op Income – 2Q16 vs 2Q15
STONERIDGE Sales, Gross Profit, & Op Income – 2Q16 vs 2Q15 6 2Q16 2Q15 2Q16 vs 2Q15 SRI excl PST PST PST PPA Total PST SRI SRI SRI USD [millions] except per share data Actual Actual Actual Actual Actual Actual $ Δ % Δ Net Sales 166.6 20.3 - 20.3 186.9 165.3 21.6 13.1% Total Direct Material 89.7 7.8
Slide 7: 2Q16 vs 2Q15 EPS Bridge
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 2Q15 Actual EPS [ Cont Ops] 0.25 (0.02) 0.23 Sales Volume/FX 0.21 0.01 0.01 PST / Electronics Business Realignment Benefits 0.02 (0.01) (0.04) DM Cost (0.05) 0.09 (0.12) SGA / OH/ FX (0.03) 0.01 0.03 FX Debt 0
Slide 8: 2Q16 Sales: Market, Region, Segment
49% 36% 11% 4% PassCar Lt Truck Comm'l Vehicle PST Ag / Other 61% 11% 28% North America South America Europe / Asia 58% 31% 11% Control Devices Electronics PST 2Q16 Sales $186.9 NOTE: D oes not include revenue from India JV SERVED MARKETS REGIONS BUSINESS SEGMENTS Sales from Continuing Operations ST
Slide 9: 2Q16 vs 1Q16 EPS Bridge
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 1Q16 Actual EPS [ Cont Ops] 0.26 0.02 0.03 PST / Electronics Business Realignment 0.05 0.02 0.03 Non - Recurring Items 0.05 Continuing Operations 0.31 0.00 0.21 Sales Volume/FX 0.21 0.01 (0.03) Mix / Direct Ma
Slide 10: Sales by Segment – 2Q16 vs 1Q16
STONERIDGE Sales by Segment – 2Q16 vs 1Q16 10 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 91.8 0.4 0.0 92.2 76.4 0.3 0.0 76.7 Med / HD Truck 11.9 55.0 0.0 66.9 7.7 50.2 0.0 57.9 Ag 2.0 0.0 0.0 2.0 4.6 0.0 0.0 4.6 PST / Other 3.2 2.4 20.2 25.8 3.7 2.1 17.6 23.4 TOTAL 108.9 57.8 20.2 186.9
Slide 11: PST Purchase Price Accounting Expense [Non Cash]
STONERIDGE PST Purchase Price Accounting Expense [Non Cash] 11 (millions) 1Q 2Q 3Q 4Q Full Year 2015 1Q16 2Q16 COGS / Depreciation – Fixed Asset Write Up $0.2 $0.2 $0.1 $0.1 $0.6 $0.1 $0.1 SGA / Amortized Intangibles $0.9 $0.9 $0.8 $0.7 $3.3 $0.7 $0.8 TOTAL $1.1 $1.1 $0.9 $0.8 $3.9 $0.8 $0.9 1Q 2Q 3
Slide 12: Stoneridge Debt / Net Debt
4.1x 2.8x 2.5x 2.3x 2.2x 2.0x 2012 2013 2014 2015 1Q16 2Q16 DEBT LEVERAGE Debt Leverage: Continuing Operations excluding PST PPA 100 175 100 200 Previous Structure Current Structure CAPITAL STRUCTURE $275 $300 10 17 19 7 8 11 14 5 10 11 13 10 24 23 29 18 21 21 2012 2013 2014 2015 1Q16 2Q16 Gov't Inc
Slide 13: Stoneridge 2016 Guidance
13 * Assumes no reversal of U.S. Deferred Tax Valuation Allowance ** Assumes $0.31 adjusted EPS in 1Q16 and $0.41 as reported EPS in 2Q16 Feb 2016 Aug 2, 2016 2016 Guidance * 2016 Guidance * SALES $726 - $736 $705 - $715 GROSS MARGIN 25.5% - 28.0% 26.0% - 28.5% OP MARGIN 5.3% - 7.3% 6.0% - 7.3% EPS
Slide 14: 2016 Guidance: Improvements Over 2015
STONERIDGE 2016 GUIDANCE: IMPROVEMENTS OVER 2015 14 14 2015 2016 E Sales $ millions $715 4.3% 6.0% 2015 2016 E Operating Margin 7.3% 2015 2016 E EPS $1.40 $1.25 $0.82 $705 $645
Slide 15: os
os 15