Cooper-standard Holdings Inc. · NYSE:CPS
Cooper-standard — Q1 2025 Earnings Presentation
25 slides from Cooper-standard's earnings presentation, May 2, 2025
Slide 1: Creating Sustainable Solutions Together
Creating Sustainable Solutions TOGETHER First Quarter 2025 Earnings Presentation May 2, 2025
Slide 2: Agenda
Agenda Introduction Roger Hendriksen | Director, Investor Relations First Quarter Summary Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Strategic Overview and Outlook Jeff Edwards Q&A 2
Slide 3: Forward-Looking Statements
Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “pl
Slide 4: First Quarter Summary
First Quarter Summary Jeff Edwards, Chairman and CEO 4
Slide 5: Q1 2025 Highlights
Q1 2025 Highlights Continuing Strong Operating Performance; Cost Savings Being Realized as Planned 99% 97% 47 World-class Quality World-class Service World-class Safety Green Customer Scorecards Green Launch Scorecards Plants with perfect TIR of 0 $20m $8m $55m Manufacturing/Purchasing Cost Initiati
Slide 6: Ongoing Customer Recognition for Excellence
Ongoing Customer Recognition for Excellence "Our team is committed to providing world-class service and exceptional quality that supports the evolving needs of the mobility industry." 6
Slide 7: Leadership in Sustainability
Leadership in Sustainability • Recognized by USA Today as one of America's Climate Leaders for the 2nd consecutive year • 8th straight year being recognized by EcoVadis • Employee engagement in environmental activities • 2024 Corporate Responsibility Report to be published online in May 7
Slide 8: Financial Overview
Financial Overview Jon Banas, Executive VP and CFO
Slide 9: Financial Results
Financial Results (USD millions, except per share amounts) Three Months Ended March 31, 2025 2024 Sales $ 667.1 $ 676.4 Gross Profit $ 77.2 $ 61.6 % Margin 11.6 % 9.1 % Adjusted EBITDA1 $ 58.7 $ 29.3 % Margin1 8.8 % 4.3 % Income Tax Expense $ 2.7 $ 4.1 Effective Tax Rate % 62.8 % (15.2)% Net Income
Slide 10: Q1 2025 Bridge Analysis
Q1 2025 Bridge Analysis (USD millions) Sales Adjusted EBITDA1 $0 $0 2 2 1 See Appendix for definitions and reconciliation to U.S. GAAP. 2 Net of customer price adjustments. Includes impact of material cost and inflation recoveries. Totals may not add due to rounding. 10
Slide 11: Continuing Solid Liquidity
Continuing Solid Liquidity Free Cash Flow1 Liquidity - March 31, 2025 (millions) (millions) Three Months Ended March 31, 2025 2024 ABL availability Net cash used in operating activities $ (14.9) $ (14.2) Capital expenditures (17.5) (16.8) Cash on hand Free cash flow $ (32.4) $ (31.0) Current Liquidi
Slide 12: Strategic Overview and Outlook
Strategic Overview and Outlook Jeff Edwards, Chairman and CEO
Slide 13: Relentless Focus on Our Strategic Imperatives
Relentless Focus on Our Strategic Imperatives FINANCIAL WORLD-CLASS PROFITABLE GROWTH CORPORATE STRENGTH EXECUTION DRIVEN BY INNOVATION RESPONSIBILITY Execute our business plans Attain world-class results Leverage our materials science and Deliver value to all our stakeholders achieving and sustaini
Slide 14: Advancing Sealing Strategies for Enhanced Sustainability
Advancing Sealing Strategies for Enhanced Sustainability Providing Customers Innovative Solutions for CO2 Reduction and Circularity Lightweight Materials Bio/Recycled Materials Minimizing Environmental Impact Across the Product Lifecycle through Material and Process Innovations Award Winning Innovat
Slide 15: Powertrain Trends Creating Opportunity
Powertrain Trends Creating Opportunity Hybrid Growth Trajectory Greater for Longer 15
Slide 16: Hybrid Vehicles Represent Increased CPV Opportunity
Hybrid Vehicles Represent Increased CPV Opportunity Baseline Fluids CPV + 80% Potential +20% Potential Internal Combustion Engine Hybrid Electric Vehicle Battery Electric Vehicle FUEL THERMAL FUEL THERMAL FUEL THERMAL BRAKE GLYCOL BRAKE GLYCOL BRAKE GLYCOL AIR AIR AIR OIL OIL OIL UNCHANGED MEDIUM GR
Slide 17: Key Innovations Garnering Prestigious Recognition
Key Innovations Garnering Prestigious Recognition eCoFlow Switch Pump 17
Slide 18: 2025 Outlook: Further Margin Expansion, Market Uncertainty
2025 Outlook: Further Margin Expansion, Market Uncertainty Uncertainty around trade policy makes forecasting difficult/impossible • Potential costs from tariffs • Potential impacts on light vehicle demand • Indirect impact on light vehicle production volumes Confident in our ability to measure and m
Slide 19: Cooper Standard
G CooperStandard
Slide 20: Appendix
G CooperStandard
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating perfor
Slide 22: EBITDA and Adjusted EBITDA Reconciliation
EBITDA and Adjusted EBITDA Reconciliation (Unaudited, dollar amounts in thousands) Three Months Ended March 31, 2025 2024 Net income (loss) attributable to Cooper-Standard Holdings Inc. $ 1,552 $ (31,660) Income tax expense 2,703 4,131 Interest expense, net of interest income 28,619 29,281 Depreciat
Slide 23: Adjusted Net Income (Loss) and Adjusted EPS
Adjusted Net Income (Loss) and Adjusted EPS (Unaudited, dollar amounts in thousands except share and per share amounts) Three Months Ended March 31, 2025 2024 Net income (loss) attributable to Cooper-Standard Holdings Inc. $ 1,552 $ (31,660) Restructuring charges 2,111 1,133 Gain on sale of business
Slide 24: Adjusted EBITDA Margin, Financial Ratios
Adjusted EBITDA Margin, Financial Ratios Twelve Months Ended March 31, 2025 (Unaudited, dollar amounts in thousands) Twelve Months Ended Q2 2024 Q3 2024 Q4 2024 Q1 2025 March 31, 2025 Net (loss) income attributable to Cooper-Standard Holdings Inc. $ (76,243) $ (11,057) $ 40,214 $ 1,552 $ (45,534) In
Slide 25: Free Cash Flow
Free Cash Flow (Unaudited, dollar amounts in thousands) Three Months Ended March 31, 2025 2024 Net cash used in operating activities $ (14,851) $ (14,199) Capital expenditures (17,543) (16,834) Free cash flow $ (32,394) $ (31,033) 25
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