Slide 1: Q2 2025 Results
Q2 2025 Results August 7, 2025 stoneridge.com © 2025
Slide 2: Non-GAAP Financial Measures
Q2 2025 Results Non-GAAP Q2 2025 Reported Q2 2025 Adjusted / Non- Financial Measures GAAP Sales $228.0 million - This presentation contains information about the Company’s financial results that is not presented in accordance with accounting principles generally accepted in the United States (“GAAP”
Slide 3: Forward-Looking Statements
Q2 2025 Results 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 in or implied by these statements. Import
Slide 4: Q2 2025 Overview of Achievements
Q2 2025 Results Q2 2025 Overview of Achievements Q2 2025 Highlights • Q2 performance highlights continued progress across key initiatives Sales Net Debt • MirrorEye sets another quarterly sales record – 21% growth vs. Q1 2025 Reduction • Q2 free cash flow of $7.6 million improved by $5.9 million vs.
Slide 5: Financial Summary
Q2 2025 Results Q1 2025 vs. Q2 2025 Financial $217.9 $228.0 Summary Sales Q1 2025 Q2 2025 Q2 2025 Key Drivers • Sales remained approximately flat vs. Q1 2025 excluding favorable foreign currency translation impact of $8.6 million Adjusted $47.7 $48.9 • MirrorEye sets another quarterly sales record –
Slide 6: MirrorEye OEM Global Program Award ~$535M
Q2 2025 Results Total Lifetime ~$535M MirrorEye OEM Revenue Global Program Award ~$140M Estimated Peak Annual Revenue Largest OEM program award in Stoneridge history Global MirrorEye Program Extension through 2033 • Global program with existing commercial vehicle OEM customer on multiple heavy-duty
Slide 7: MirrorEye Update
Q2 2025 Results MirrorEye Update Continued positive momentum in the OEM and bus end markets OEM Update • Announcing supplier agreement to offer MirrorEye to over-the-road customers of a prominent North American OEM • Expected to be available by the end of 2025 • Several significant fleets expected t
Slide 8: Major OEM Program Awards Stoneridge Electronics
Q2 2025 Results Major OEM Program Awards Stoneridge Electronics ~$40M Awarded several new commercial vehicle OEM programs for Total Lifetime Revenue Smart 2 tachograph, secondary displays and controls Smart 2 Tachograph ~$535M ~$115M Total Lifetime Total Lifetime Revenue • New program award for comm
Slide 9: Infotainment Program Award Stoneridge Brazil
Q2 2025 Results Infotainment Program Award Stoneridge Brazil Largest OEM business award in Stoneridge Brazil history Infotainment OEM Program • Largest OEM business award in Stoneridge Brazil history • Awarded electronic control unit as the tier 2 supplier for an OEM Infotainment program • ~$85 mill
Slide 10: Financial Update
Financial Update stoneridge.com © 2025
Slide 11: Q2 2025 Financial Highlights
Q2 2025 Results Q2 2025 Financial Highlights Second quarter performance highlights continued progress across key initiatives EBITDA heavily influenced by unfavorable non-operating FX Key Performance Drivers vs. Previous Expectations Q2 2025 EBITDA Walk vs. Prior Expectations • Q2 sales were approxim
Slide 12: Control Devices Performance
Q2 2025 Results Control Devices Performance $’s in USD Millions Q1 2025 vs. Q2 2025 Operating margin expanded 180 basis points primarily due to manufacturing performance improvements $71.2 Q2 2025 Financial Results $69.9 Sales • Q2 sales increased by 1.9% vs. Q1 2025 primarily due to higher producti
Slide 13: Electronics Performance
Q2 2025 Results Electronics Q1 2025 vs Q2 2025 Performance $’s in USD Millions MirrorEye sets another quarterly sales records $149.6 $140.5 Continued improvement in quality-related costs Sales Q2 2025 Financial Results • Q2 sales were relatively in line with Q1 2025, excluding the favorable foreign
Slide 14: Stoneridge Brazil Performance
Q2 2025 Results Stoneridge Brazil $’s in USD Millions Q1 2025 vs. Q2 2025 Performance Revenue growth and margin expansion in Q2 $14.4 $15.3 Local OEM business remains strong Sales + 6.0% Q2 2025 Financial Results Q1 2025 Q2 2025 • Q2 sales of $15.3 million grew by $0.9 million, or 6.0%, vs. Q1 2025
Slide 15: Full-year 2025 Guidance Update
Q2 2025 Results $’s in USD Millions Full-year 2025 Full-Year 2025 Revenue Guidance Walk Guidance Update $875.0 $22.0 $860.0 - $890.0 $(19.3) Updating full-year 2025 guidance to reflect Q2 performance and current market conditions Revenue Guidance Drivers • Maintaining full-year revenue guidance of $
Slide 16: Cash Flow Performance
Q2 2025 Results Cash Flow Q2 2024 vs. Q2 2025 Performance $’s in USD Millions $7.6 Continued strong cash performance driving net debt reductions Free Q2 2025 Performance Cash $1.7 +$5.9M • Second quarter free cash flow of $7.6 million ($5.9 million improvement Flow vs. Q2 2024) Q2 2024 Q2 2025 • Con
Slide 17: Strategic Update
Strategic Update stoneridge.com © 2025
Slide 18: Reviewing Strategic Alternatives Control Devices
Q2 2025 Results Reviewing Strategic Alternatives Control Devices Reviewing strategic alternatives for Control Devices to maximize the value of each of our businesses Reviewing strategic alternatives for Control Devices with a focus on a sale of the business Expected to drive significant value creati
Slide 19: Q2 2025 Summary
Q2 2025 Results Q2 2025 Summary ~$775M Maximizing shareholder value New Business Awards Announced review of strategic alternatives for Control Devices – focused on sale of the business $7.6M Updated 2025 Full-Year Guidance Free Cash Flow in Q2 2025 • Sales of $860 million - $890 million • Adjusted G
Slide 20: Appendix Materials
Appendix Materials stoneridge.com © 2025
Slide 21: Balance Sheets
June 30, December 31, (in thousands) 2025 2024 (Unaudited) ASSETS Appendix Current assets: Cash and cash equivalents $ 49,772 $ 71,832 Accounts receivable, less reserves of $802 and $1,060, respectively 163,105 137,766 Inventories, net 144,451 151,337 Prepaid expenses and other current assets 36,099
Slide 22: Income Statement
Appendix Income (in thousands, except per share data) Three months ended 2025 June 30, 2024 2025 Six months ended June 30, 2024 Statement Net sales $ 227,952 $ 237,059 $ 445,842 $ 476,216 Costs and expenses: Cost of goods sold 179,014 183,319 350,607 374,119 Selling, general and administrative 32,83
Slide 23: Statements of Cash Flows
Appendix Statements of Cash Flows stoneridge.com 23 © 2025
Slide 24: Segment Reporting
Three months ended Six months ended June 30, June 30, Appendix 2025 2024 2025 2024 Net Sales: Control Devices $ 70,411 $ 79,899 $ 139,244 $ 157,057 Inter-segment sales 745 955 1,767 1,786 Segment Control Devices net sales 71,156 80,854 141,011 158,843 Electronics 142,681 145,511 277,464 295,294 Inte
Slide 25: Segment Reporting
Appendix Three months ended Six months ended June 30, June 30, 2025 2024 2025 2024 Operating (Loss) Income: Segment Control Devices $ 2,566 $ 3,725 $ 3,731 $ 5,889 Electronics 2,739 9,831 8,244 16,920 Stoneridge Brazil 969 (41) 1,554 163 Reporting Unallocated Corporate (A) Total operating (loss) inc
Slide 26: Reconciliations to US GAAP
Reconciliations to US GAAP stoneridge.com © 2025
Slide 27: US GAAP Reconciliations
US GAAP Reconciliations US GAAP Reconciliations This document contains information about Stoneridge's financial results which is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest G
Slide 28: Reconciliation of Adjusted Gross Profit
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Adjusted Gross Profit (USD in millions) Q1 2025 Q2 2025 Gross Profit $ 46.3 $ 48.9 Add: Pre-Tax Business Realignment Costs 1.4 — Adjusted Gross Profit $ 47.7 $ 48.9 stoneridge.com 28 © 2025
Slide 29: Reconciliation of Adjusted Operating Income (Loss)
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Adjusted Operating Income (Loss) (USD in millions) Q1 2025 Q2 2025 Operating Income (Loss) $ (3.2) $ (2.6) Add: Pre-Tax Business Realignment Costs 2.8 1.7 Add: Pre-Tax Strategic Review Costs — 1.0 Add: Pre-Tax Share-Based Compensation
Slide 30: Reconciliation of Adjusted EBITDA
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Adjusted EBITDA (USD in millions) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Income (Loss) Before Tax $ 1.9 $ (3.7) $ (6.2) $ (5.6) $ (9.1) Interest expense, net 3.8 3.6 3.4 3.2 3.1 Depreciation and amortization 8.5 8.8 8.3 7.3 7.6 EBITD
Slide 31: Reconciliation of Q2 2025 Adjusted Tax Rate
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Q2 2025 Adjusted Tax Rate (USD in millions) Q2 2025 Tax Rate Loss Before Tax $ (9.1) Add: Pre-Tax Business Realignment Costs 1.7 Add: Pre-Tax Strategic Review Costs 1.0 Add: Pre-Tax Share-Based Compensation Accelerated Vesting 0.3 Adj
Slide 32: Reconciliation of Adjusted Net Income and EPS
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Q2 2025 Adjusted Net Income and EPS (USD in millions, except EPS) Q2 2025 Q2 2025 EPS Net Loss $ (9.4) $ (0.34) Add: After-Tax Business Realignment Costs 1.3 0.05 Add: After-Tax Strategic Review Costs 0.8 0.03 Add: After-Tax Share-Bas
Slide 33: Reconciliation of Segment Adjusted Operating Income
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Control Devices Adjusted Operating Income (USD in millions) Q1 2025 Q2 2025 Control Devices Operating Income $ 1.2 $ 2.6 Add: Pre-Tax Business Realignment Costs 0.4 0.3 Control Devices Adjusted Operating Income $ 1.5 $ 2.8 Reconciliat
Slide 34: Reconciliation of Free Cash Flow
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Free Cash Flow (USD in millions) Q2 2024 Q2 2025 Cash Flow from Operating Activities $ 8.7 $ 10.7 Capital Expenditures, including Intangibles (7.1) (3.3) Proceeds from Sale of Fixed Assets 0.1 0.1 Free Cash Flow $ 1.7 $ 7.6 stoneridge
Slide 35: Reconciliation of Net Debt
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Net Debt (USD in millions) Q1 2025 Q2 2025 Total Debt $203.2 $164.4 Less: Cash and Cash Equivalents 79.1 49.8 Net Debt $ 124.1 $ 114.6 stoneridge.com 35 © 2025
Slide 36: Reconciliation of Adjusted EBITDA for Compliance Calculation
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Adjusted EBITDA for Compliance Calculation (USD in millions) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Income (Loss) Before Tax $ 1.9 $ (3.7) $ (6.2) $ (5.6) $ (9.1) Interest Expense, net 3.8 3.6 3.4 3.2 3.1 Depreciation and Amortizatio
Slide 37: Reconciliation of Adjusted Cash and Debt for Compliance
US GAAP Reconciliations US GAAP Reconciliations Reconciliation of Adjusted Cash for Compliance Calculation (USD in millions) Q1 2025 Q2 2025 Total Cash and Cash Equivalents $ 79.1 $ 49.8 Less: 35% of Cash in Foreign Locations (23.3) (13.4) Total Adjusted Cash (Compliance) $ 55.8 $ 36.4 Reconciliatio
Slide 38: stoneridge.com
stoneridge.com Stoneridge @StoneridgeInc StoneridgeGlobal © 2025