Standard Motor Products, Inc. · NYSE:SMP
Standard Motor Products — Q2 2026 Earnings Presentation
25 slides from Standard Motor Products's earnings presentation, Aug 4, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second Quarter 2026 NYSE: SMP
Slide 2: Safe Harbor – Forward Looking Statements
Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipat
Slide 3: Standard Motor Products: An Overview
Standard Motor Products: An Overview Who We Are: Standard Motor Products is a leading global manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end market
Slide 4: SMP Investment Thesis
SMP Investment Thesis 1. A leading market position in global automotive aftermarket parts Serves a stable and growing do-it-for-me (DIFM) market that 2. benefits from non-discretionary vehicle repairs and increasing vehicle complexity that requires professional installation Diversification in Europe
Slide 5: Expansion of SMP’s Aftermarket Business
Expansion of SMP’s Aftermarket Business Nissens Acquisition Highlights Aftermarket Revenue with Nissens2 • Before the acquisition of November 2024, SMP’s aftermarket business was $1,517 already a North American leader for Vehicle and Temperature Control $1,420 products. $305 • Acquisition helps turn
Slide 6: Creating a Powerful Global Aftermarket Presence
Creating a Powerful Global Aftermarket Presence Leading European supplier for Thermal Leading North American supplier for Vehicle Management products with a growing array Control and Temperature Control products of Vehicle Control (Engine Efficiency) technologies Shared go-to-market strategy of bein
Slide 7: Diversified Manufacturing Footprint
Diversified Manufacturing Footprint 7
Slide 8: Our Operating Markets
Our Operating Markets North American Aftermarket European Aftermarket Engineered Solutions A mission to be the best full-line, full-service Contains the recently acquired Nissens Offers a wide range of custom-designed supplier of premium Vehicle Control and business, a leading manufacturer and produ
Slide 9: North American Aftermarket
North American Aftermarket Business Overview Key Market Drivers & Data • Contains the Vehicle Control and Temperature Control segments. • The Do-it-for-me (DIFM) has been steadily increasing since 2020 (~11% CAGR1) as cars continue to become more complicated. • Full-line coverage that delivers 80,00
Slide 10: European Aftermarket
European Aftermarket Business Overview Key Market Drivers & Data • Contains the recently acquired Nissens business, a leading • There are ~280 million 2 cars in the European Union as of 2023. manufacturer and distributor of aftermarket powertrain cooling • The average age of a car in the European Un
Slide 11: Engineered Solutions
Engineered Solutions Business Overview Key Market Drivers & Data • Offers a wide range of custom-designed products to vehicle and • Growth is driven by new customers, cross-selling to existing equipment manufacturers across diverse global end markets, including customers, new products and increasing
Slide 12: Financial Overview
SMP Standard Motor Products, Inc Financial Overview
Slide 13: Sales by Market Segment
Sales by Market Segment¹ ($ in millions) Sales by Market Segment 2025 Sales by Geography $274 $285 $305 19% $270 $277 $237 $283 2% 8% $1,102 $1,143 $1,212 71% $1,062 $1,076 2021 2022 2023 2024 2025 USA Rest of North America North American Aftermarket European Aftermarket Engineered Solutions Rest of
Slide 14: Balance Sheet & Cash Flow
Balance Sheet & Cash Flow ($ in millions) Free Cash Flow1 Net Debt3 $150 $600 3.7x 2.7x 4 $115.7 3.5 $120 $500 3 $90 $76.9 $80.1 $400 $60.7 $59.7 2.5 $60 $47.1 $50.1 $40.1 $300 2 $32.7 1.5x $517.9 $546.7 $30 $18.7 1.0x 1.5 $200 $0 0.7x 1 $100 0.3x 0.3x 0.3x 0.3x 0.4x (0.1x) $218.5 ($30) $123.7 0.5 $
Slide 15: Capital Allocation Priorities
Capital Allocation Priorities CapEx Investment Dividend Debt Paydown Opportunistic M&A Share Repurchases • Support organic • Continue to return • Continue to pay • Actively looking for • Spent $10.4mm in ‘24 growth through capital to down debt to lower deals that align with to repurchase 321K reinve
Slide 16: SMP Investment Thesis
SMP Investment Thesis 1. A leading market position in global automotive aftermarket parts Serves a stable and growing do-it-for-me (DIFM) market that 2. benefits from non-discretionary vehicle repairs and increasing vehicle complexity that requires professional installment Diversification in Europe
Slide 17: Contact Investor Relations
Contact Investor Relations: Tony Cristello, VP of IR & Corporate Development investors@smpcorp.com
Slide 18: Appendix Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations
Slide 19: Income Statement Non-GAAP
Income Statement Non-GAAP (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2026 2025 2026 2025 Vehicle Control Revenue $ 198.6 $ 201.7 $ 412.4 $ 394.0 Gross Margin 60.4 30.4% 60.6 30.1% 128.6 31.2% 122.8 31.2% Selling, General & Administrative 40.5 20.4%
Slide 20: Income Statement Non-GAAP Cont.
Income Statement Non-GAAP Cont. (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2026 2025 2026 2025 Nissens Automotive Revenue $ 94.9 $ 90.5 $ 169.3 $ 156.7 Gross Margin 40.2 42.4% 36.8 40.7% 72.3 42.7% 64.7 41.3% Selling, General & Administrative 24.4 2
Slide 21: Income Statement Non-GAAP Cont.
Income Statement Non-GAAP Cont. (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2026 2025 2026 2025 Consolidated Results Revenue $ 526.7 $ 493.9 $ 977.9 $ 907.2 Gross Margin 164.6 31.3% 152.5 30.9% 303.8 31.1% 281.8 31.1% Selling, General & Administrativ
Slide 22: Balance Sheet & Cash Flow Metrics
Balance Sheet & Cash Flow Metrics (In millions) JUNE 30, DECEMBER 31, 2026 2025 2025 Working Capital Stats Accounts Receivable, Net $ 358.4 $ 327.3 $ 232.0 Inventories $ 684.2 $ 638.6 $ 727.9 Cash Flow Stats (YTD) Operating cash flows $ 58.3 $ (5.9) $ 57.4 Capex $ (14.9) $ (19.3) $ (38.7) M&A $ - $
Slide 23: Reconciliation of GAAP & Non-GAAP Measures
Reconciliation of GAAP & Non-GAAP Measures ($ in thousands, except per share amounts) SIX MONTHS ENDED JUNE 30, 2026 2025 2024 2023 2022 (Unaudited) EARNINGS FROM CONTINUING OPERATIONS GAAP EARNINGS FROM CONTINUING OPERATIONS $ 50,082 $ 40,005 $ 27,843 $ 31,056 $ 41,354 RESTRUCTURING EXPENSES 614 1,
Slide 24: Reconciliation of GAAP & Non-GAAP Measures Cont.
Reconciliation of GAAP & Non-GAAP Measures Cont. ($ in thousands) SIX MONTHS ENDED JUNE 30, 2026 2025 2024 2023 2022 (Unaudited) EBITDA WITHOUT SPECIAL ITEMS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES $ 69,373 $ 55,365 $ 37,804 $ 41,806 $ 55,558 DEPRECIATION & AMORTIZA
Slide 25: Reconciliation of GAAP & Non-GAAP Measures Cont.
Reconciliation of GAAP & Non-GAAP Measures Cont. (In thousands) SIX MONTHS ENDED JUNE 30, 2026 SIX MONTHS ENDED JUNE 30, 2025 Temperature Engineered Nissens Temperature Engineered Nissens Vehicle Control All Other Consolidated Vehicle Control All Other Consolidated Control Solutions Automotive Contr
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