Slide 1: 1Q16 Earnings Release
1Q16 Earnings Release May 4, 2016 HIGHER LEVEL PERFORMANCE Exhibit 99.2
Slide 2: 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: Sales by Segment – 1Q16 vs 1Q15
STONERIDGE Sales by Segment – 1Q16 vs 1Q15 3 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 76.4 0.3 0.0 76.7 64.7 0.4 0.0 65.1 Med / HD Truck 7.7 50.2 0.0 57.9 6.7 53.7 0.0 60.5 Ag 4.6 0.0 0.0 4.6 4.8 0.0 0.0 4.8 PST / Other 3.7 2.1 17.6 23.4 3.7 2.3 26.5 32.5 TOTAL 92.4 52.6 17.6 162.6 79.
Slide 4: Adjusted Sales – 1Q16 vs 1Q15
STONERIDGE Adjusted Sales – 1Q16 vs 1Q15 4 Reconciliation of Sales to Constant Currency Adjusted Sales Three months ended March 31, 2016 and 2015 (Unaudited) Values in millions Increase / 1Q16 1Q15 (Decrease) Pctg Δ Electronics Segment Sales As Reported 52.6 56.4 (3.8) (6.7)% Plus: Constant Foreign
Slide 5: 2016 Estimated Incremental Restructuring Costs/Benefits vs 2015 Cost Structure
STONERIDGE 2016 Estimated Incremental Restructuring Costs/ Benefits vs 2015 Cost Structure 5 Millions USD 1Q16 2Q16 3Q16 4Q16 2016 Restructuring Costs Electronics $1.2 $0.0 $0.0 $0.0 $1.2 PST $0.7 $0.0 $0.0 $0.0 $0.7 Total $1.9 $0.0 $0.0 $0.0 $1.9 Restructuring Benefits Electronics $0.1 $0.4 $0.4 $0
Slide 6: Sales, Gross Profit, & Op Income – 1Q16 vs 1Q15
STONERIDGE Sales, Gross Profit, & Op Income – 1Q16 vs 1Q15 6 1Q16 1Q15 1Q16 vs 1Q15 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 145.0 17.6 - 17.6 162.6 162.8 (0.2) (0.1)% Total Direct Material 76.0 7.
Slide 7: Continuing EPS Bridge 1Q16 vs 1Q15
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 1Q15 Actual EPS [ Cont Ops] 0.09 (0.02) (0.03) PST / Electronics Business Realignment Costs (0.05) 0.00 0.08 Non - Cash Share Based Compensation Exp 0.08 (0.02) 0.05 Non - Recurring Items 0.03 Continuing Opera
Slide 8: Schedule of Unusual Items
8 STONERIDGE Schedule of Unusual Items Values in millions, except EPS 1Q16 1Q15 1Q16 1Q15 $ $ EPS EPS Reported EPS (Continuing Operations) $0.26 $0.09 One time Non-Cash CEO Retirement Expense - 2.2 $0.00 $0.08 PST / Electronics Restructuring 1.5 - $0.05 $0.00 TOTAL Unusual Items $1.5 $2.2 $0.05 0.08
Slide 9: 1Q16 Sales: Market, Region, Segment
47% 36% 11% 6% PassCar Lt Truck Comm'l Vehicle PST Ag / Other 61% 11% 28% North America South America Europe / Asia 57% 32% 11% Control Devices Electronics PST 1Q16 Sales $162.6 NOTE: D oes not include revenue from India JV SERVED MARKETS REGIONS BUSINESS SEGMENTS Sales from Continuing Operations ST
Slide 10: Continuing EPS Bridge 1Q16 vs 4Q15
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 4Q15 Actual EPS [ Cont Ops] 0.22 (0.02) (0.03) PST / Electronics Business Realignment Costs (0.05) (0.02) (0.03) Non - Recurring Items (0.05) Continuing Operations 0.17 (0.03) 0.13 Sales Volume/FX 0.10 0.01 (0
Slide 11: Sales by Segment – 1Q16 vs 4Q15
STONERIDGE Sales by Segment – 1Q16 vs 4Q15 11 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 76.4 0.3 0.0 76.7 66.3 0.3 0.0 66.6 Med / HD Truck 7.7 50.2 0.0 57.9 8.8 49.7 0.0 58.5 Ag 4.6 0.0 0.0 4.6 3.8 0.0 0.0 3.8 PST / Other 3.7 2.1 17.6 23.4 2.8 1.5 21.4 25.7 TOTAL 92.4 52.6 17.6 162.6 81
Slide 12: PST Purchase Price Accounting Expense
STONERIDGE PST Purchase Price Accounting Expense [Non Cash] 12 (millions) 1Q 2Q 3Q 4Q Full Year 2015 1Q16 COGS / Depreciation – Fixed Asset Write Up $0.2 $0.2 $0.1 $0.1 $0.6 $0.1 SGA / Amortized Intangibles $0.9 $0.9 $0.8 $0.7 $3.3 $0.7 TOTAL $1.1 $1.1 $0.9 $0.8 $3.9 $0.8 1Q 2Q 3Q 4Q 2015 1Q Impact
Slide 13: Strong New Business Awards
Strong New Business Awards 2016 2017 2018 2019 2020 34 - 38% % Range 12 - 16% 4 - 8% 14 - 18% 26 - 30% Expect approximately $116 M in Net New Business in 2016 - 2017 Expect $232M in Net New Business [ 2016 – 2020] Increased by $53 million since February 2016 Estimate $ millions, excl Wiring 2011 201
Slide 14: Debt / Net Debt
4.1x 2.8x 2.5x 2.3x 2.2x 2012 2013 2014 2015 1Q16 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 14 5 10 11 13 24 23 29 18 21 2012 2013 2014 2015 1Q16 Gov't Incentive Debt Other Debt B
Slide 15: 2016 Guidance
STONERIDGE 2016 GUIDANCE 15 15 * Assumes no reversal of U.S. Deferred Tax Valuation Allowance 2016 Guidance SALES $726 - $736 GROSS MARGIN 25.5% - 28.0% OP MARGIN 5.3% - 7.3% EPS * $1.10 - $1.30 EBITDA 8.0% - 11.0% FX RATES 2016 Guidance USD / BRL 3.80 USD / MXN 15.80 EUR / USD 1.10 USD / SEK 8.65
Slide 16: 2016 Guidance: Improvements Over 2015
STONERIDGE 2016 GUIDANCE: IMPROVEMENTS OVER 2015 16 16 2015 2016 E Sales $ millions $736 4.3% 5.3% 2015 2016 E Operating Margin 7.3% 2015 2016 E EPS $1.30 $1.10 $0.82 $726 $645 2015 2016 E Adjusted EPS $0.93 $1.10 $1.30
Slide 17: os 7|
os 7|