Slide 1: 2026 Second Quarter Results
2026 Second Quarter Results July 23, 2026 Proprietary © Gentherm
Slide 2: Disclaimer
Disclaimer NO OFFER OR SOLICITATION This release is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securitie
Slide 3: Business & Market Update
Business & Market Update Raising 2026 guidance driven by strong first half results Executing well with strong commercial and operational performance Effectively managing impacts from macro and geopolitical events OEM production schedules continue to remain stable Accelerating strategic profita
Slide 4: Second Quarter Highlights
Second Quarter Highlights $690M $416M Automotive New Business Awards $1B+ year-to-date Automotive Product Revenue growth of 9.5% (ex-FX) year-over-year New Business Revenues delivered record quarterly revenue Awards Strong Automotive Climate and Comfort Solutions growth over market across all
Slide 5: Strategic Combination with Modine Performance Technologies
Strategic Combination with Modine Performance Technologies Expands Gentherm’s product portfolio in thermal and precision flow management with industry leading, mission critical products $3.5B+ $2.6B Shifts revenue mix from 97% light vehicle to ~63% with increased Revenue exposure into attractive, gr
Slide 6: Transaction Progressing on Schedule
Transaction Progressing on Schedule Performance Technologies Q1 Q2 & Q3 Q4 Announcement Execution of Sign-to-Close Deliverables Transaction Close Merger announced January 29 Audited carve out financials Integration plan focused on Day Transaction expected to close 1 readiness and value creat
Slide 7: Second Quarter Financial Review
Second Quarter Financial Review Revenue Adjusted EBITDA Adjusted Free Cash Flow $416M $48.8M $16M +9.5% ex-FX 11.7% margin -$5M vs. PY $416 $48.8 $21 $375 $45.9 $16 12.2% 11.7% 2Q25 2Q26 2Q25 2Q26 2Q25 YTD 2Q26 YTD • Automotive Climate and Comfort • Strong operating leverage and continued • Liquidit
Slide 8: 2026 Guidance
2026 Guidance Raising full year guidance driven by strong first half results As of Jul 2026 Comments Product $1.55B – $1.65B • Delivering mid-to-high single digit growth over market for 2026 with Revenues ~5% growth YoY (ex-fx) industry light vehicle production declining ~(3%) • Margin expansion of
Slide 9: Well Positioned to Drive Shareholder Value
Well Positioned to Drive Shareholder Value Solid Financial Foundation Capital Allocation Priorities Organic Investments ~1.0x Estimated post-closing net leverage ratio; target net leverage of ~1x to 1.5x over time ✓ Return-driven capital investments to drive organic growth ✓ Consistent with strategi
Slide 10: Why Gentherm?
Why Gentherm? Innovative leader uniquely positioned for Continuous improvement mindset to drive Strong financial position with ability profitable growth driven by scalable margin expansion and solid cash flow to efficiently deploy capital and drive technology platforms and broad market conversion sh
Slide 11: Appendix
Appendix Proprietary © Gentherm
Slide 12: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to the results reported herein in accordance with GAAP, the Company has provided here or may discuss on the related conference call adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”); Adjusted EBITDA margin; Adju
Slide 13: Select Income Statement Data
Select Income Statement Data Three Months Ended June 30 Six Months Ended June 30 (Dollars in thousands, except per share data) 2026 2025 2026 2025 Product Revenues $ 416,166 $ 375,090 $ 809,872 $ 728,944 Automotive 404,815 363,852 786,981 705,726 Medical 11,351 11,238 22,891 23,218 Gross Margin 96,4
Slide 14: Select Balance Sheet Data
Select Balance Sheet Data (Dollars in thousands) June 30, 2026 December 31, 2025 Cash and Cash Equivalents $ 213,173 $ 160,833 Total Assets 1,493,204 1,396,429 Debt 273,258 189,073 Current 868 73 Non-Current 272,390 189,000 Revolving LOC Availability 289,137 307,935 Total Liquidity 502,310 468,768 P
Slide 15: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended June 30 Six Months Ended June 30 (Dollars in thousands) 2026 2025 2026 2025 Net Income $ 4,420 $ 477 $ 8,638 $ 349 Add Back: Depreciation and Amortization 14,310 13,058 28,383 25,846 Income Tax Expense 2,904 2,057 6,300
Slide 16: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Three Months Ended June 30 Six Months Ended June 30 2026 2025 2026 2025 Diluted EPS - As Reported $ 0.14 $ 0.02 $ 0.28 $ 0.01 Amortization of Acquisition Related Intangibles 0.05 0.05 0.11 0.10 Restructuring Expenses, net 0.19 0.07 0.41 0.22 Unrealized Currency (Gain)
Slide 17: Reconciliation of Financial Figures
Reconciliation of Financial Figures Modine Performance Technologies LTM September 30, (Dollars in millions) 2025 Reported Revenue $1,129 Less: Pro Forma Adjustments (21) Pro Forma Adjusted Revenue $1,108 Adjusted EBITDA as per Modine Reporting $152 Less: Pro Forma Adjustments (11) Less: Estimated In