Gentherm Inc · NASDAQ:THRM
Gentherm — Merger or Acquisition (January 2026)
17 slides from Gentherm's merger presentation, Jan 29, 2026
Slide 1: Gentherm to Combine with Modine Performance Technologies
Gentherm to Combine with Modine Performance Technologies Building scale in thermal management solutions January 29, 2026 Gentherm © 2026 Exhibit 99.2
Slide 2: Forward-Looking Statements and RMT Disclaimer
Forward-Looking Statements and RMT Disclaimer Gentherm © 2026 Additional Information and Where to Find It In connection with the proposed transaction among Gentherm, Modine and SpinCo, the parties intend to file relevant materials with the SEC, including, among other filings, a registration statemen
Slide 3: Today's Speakers
Today’s Speakers Gentherm © 2026 Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Bill Presley President and Chief Executive Officer Jon Douyard Executive Vice President and Chief Financial Officer Jeremy Patten President,
Slide 4: Executing Gentherm's strategic framework and M&A priorities
Gentherm to Combine with Modine Performance Technologies Executing Gentherm’s strategic framework and M&A priorities Performance Technologies Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Generates a compelling financial
Slide 5: Bringing Together Two Industrial Pioneers
30+ years leadership in thermal management and technology innovation Strong Foundation 100+ years leadership in mission-critical thermal management technologies Technology Leadership Light Vehicles + Medical Serving Attractive End Markets Power Generation + Commercial Vehicles + Heavy-Duty + Light V
Slide 6: A Leader in Mission-Critical Thermal Management
Gentherm © 2026 A Leader in Mission-Critical Thermal Management Revenue Mix by End Market Blue-Chip OEM and Tier 1 Customers Mission-Critical Products Charge-Air Coolers Genset Cooling Modules Vehicular Cooling Modules Liquid Cooled Products Battery Thermal Management E-Fan Cooling Modules Introduct
Slide 7: Well-Positioned For Growth Across Attractive End Markets
1. Represents estimated CAGR from 2025–2029. Note: Financial figures represent LTM (Sep.) 2025 metrics. Modine Performance Technologies figures include pro forma adjustments. Refer to reconciliations in Appendix. Well-Positioned For Growth Across Attractive End Markets Pro Forma Revenue Gentherm © 2
Slide 8: Complementary Technology and Engineering Capabilities
Complementary Technology and Engineering Capabilities Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Gentherm © 2026 Combining Thermal Management Capabilities … … To Innovate Precision Flow Management Technologies Steerin
Slide 9: Significant Value Creation Opportunities
Gentherm © 2026 Significant Value Creation Opportunities Unlock new Commercial Vehicle and Heavy-Duty opportunities for Gentherm’s product portfolio Human-Centric Solutions Commercial Vehicle & Heavy-Duty End Markets Product Cross-Selling Case Studies Identified Synergies Incremental Commercial Oppo
Slide 10: Shared Commitment to Operational Excellence
Shared Commitment to Operational Excellence Gentherm © 2026 Well-established operating system and continuous improvement culture Aligning inventory and supply chain Standardizing operating system and key performance indicators Transforming footprint and maximizing plant and equipment utilization Cul
Slide 11: Strong Financial Profile with Flexibility for Future Growth
Gentherm © 2026 Strong Financial Profile with Flexibility for Future Growth Financial Impacts Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Revenue ($B) $1.5 $1.1 $2.6 Pre-Synergies Post-Synergies Adj. EBITDA Margin (%)
Slide 12: Transaction Summary
Gentherm © 2026 Transaction Summary Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Valuation & Financial Impact Modine to spin-off Modine Performance Technologies and simultaneously combine SpinCo (which will own Modine P
Slide 13: Gentherm to Combine with Modine Performance Technologies
Gentherm to Combine with Modine Performance Technologies Gentherm © 2026 Introduction | Transaction Overview | Modine Performance Technologies Background | Strategic and Financial Benefits | Summary Performance Technologies Performance Technologies + Generates a compelling financial profile with str
Slide 14: Appendix
Appendix Performance Technologies +
Slide 15: Reconciliation of Financial Figures
Reconciliation of Financial Figures Gentherm © 2026 Gentherm LTM September 30, (Dollars in millions) 2025 Revenue $1,469 Adjusted EBITDA $176 Note: Pro forma represents normalization adjustments to reflect latest business structure and go-forward operational alignment. Stock-based compensation inclu
Slide 16: Gentherm 2025 Update – Preliminary & Unaudited
Gentherm has not completed preparation of its consolidated financial statements for the fiscal fourth quarter or full year 2025. The amounts presented herein are preliminary and unaudited and are thus inherently uncertain and subject to change as Gentherm completes its financial results review for r
Slide 17: Gentherm + Modine
GENTHERM + MODINE Were,