Gentherm Inc · NASDAQ:THRM
Gentherm — Investor Presentation (October 2026)
20 slides from Gentherm's investor presentation, October 2026
Slide 1: Investor Overview
Investor Overview Nasdaq: THRM October 2026 Proprietary © Gentherm
Slide 2: Forward-Looking Statements
Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the “Company”) pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All sta
Slide 3: About Gentherm
About Gentherm A global leader of innovative thermal and precision flow management technologies $2.6B $322M 13% ~1.0x 18,000+ 17 Revenue Adj. EBITDA Adj. EBITDA Margin Leverage Employees Countries Geographic and end market exposure POWER COMMERCIAL LIGHT AMERICAS EMEA ASIA HEAVY-DUTY MEDICAL GENERAT
Slide 4: Transforming Gentherm with Urgency
Transforming Gentherm with Urgency → Securing profitable revenue growth in attractive target end markets across both Gentherm and Modine → Cultivating a continuous improvement culture that drives operational excellence and expands margins → Increasing focus on cash generation and asset utilization →
Slide 5: Well-Positioned For Growth Across Attractive End Markets
Well-Positioned For Growth Across Attractive End Markets Growth Outlook1 $2.6B End Market Market Company Key Company and Macro Drivers 6% • Growing reliable energy needs for mission-critical operations (data centers) POWER GENERATION Teens 20%+ • Aging and increasingly unstable grid infrastructure 1
Slide 6: Unlocking Growth and Margin Expansion
Unlocking Growth and Margin Expansion $100M+ $3.5B+ $3.4B $2.6B + Cross-selling + Product integration (Adj EBITDA %) Revenue + Power Gen acceleration + New global markets Performance Technologies + Converting automotive awards + CV & Heavy-Duty recovery + Climate & Comfort adjacencies + Medical new
Slide 7: Well Positioned to Drive Shareholder Value
Well Positioned to Drive Shareholder Value Solid Financial Foundation Capital Allocation Priorities Organic Investments ~1.0x Estimated post-closing net leverage ratio; target net leverage of ~1x to 1.5x over time ✓ Return-driven capital investments to drive organic growth ✓ Consistent with strategi
Slide 8: Why Gentherm?
Why Gentherm? Innovative leader uniquely positioned for Continuous improvement mindset to drive Strong financial position with ability profitable growth driven by scalable margin expansion and solid cash flow to efficiently deploy capital and drive technology platforms and broad market conversion sh
Slide 9: Business Snapshots
Business Snapshots Proprietary © Gentherm
Slide 10: Gentherm Climate, Comfort and Valves Business
Gentherm Climate, Comfort and Valves Business Leader of innovative thermal, comfort and valve solutions FINANCIAL PROFILE PRODUCTS Revenue ($M) Gross margin CCS® Heat, Vent, Active Climate Control Seat Cool and Neck Conditioner $1,449 23.3% 24.7% 23.4% $1,423 $1,406 CCI Steering Wheel Climate Contro
Slide 11: Gentherm Medical Business
Gentherm Medical Business Leading manufacturer of convective, conductive and resistive technologies FINANCIAL PROFILE PRODUCTS Revenue ($M) Gross margin Offering a full range of patient temperature management products $50 $50 46.6% 48.1% 47.4% $46 Hyper-Hypothermia Warming and cooling the patient’s
Slide 12: Modine Performance Technologies Business
Modine Performance Technologies Business Leader of highly engineered, mission-critical thermal solutions FINANCIAL PROFILE PRODUCTS Revenue ($M) Gross margin $1,355 Genset Cooling Modules $1,199 $1,133 19.5% 19.1% 16.0% Vehicular Cooling Modules 2023 2024 2025 2023 2024 2025 Charge-Air Coolers Growt
Slide 13: Appendix
Appendix Proprietary © Gentherm
Slide 14: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to the financial measures presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), this communication includes certain non-GAAP financial measures (collectively, the “Non-GAAP Measures”), such as adjusted EBITDA, adjuste
Slide 15: Select Income Statement Data
Select Income Statement Data Twelve Months Ended December 31 (Dollars in thousands, except per share data) 2025 2024 Product Revenues $ 1,498,602 $ 1,456,124 Automotive 1,448,826 1,406,278 Medical 49,776 49,846 Gross Margin 362,176 366,431 Gross Margin % 24.2% 25.2% Operating Expenses 279,476 259,41
Slide 16: Select Balance Sheet Data
Select Balance Sheet Data (Dollars in thousands) December 31, 2025 December 31, 2024 Cash and Cash Equivalents $ 160,833 $ 134,134 Total Assets 1,396,429 1,247,556 Debt 189,073 220,201 Current 73 137 Non-Current 189,000 220,064 Revolving LOC Availability 307,935 280,000 Total Liquidity 468,768 414,1
Slide 17: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin Twelve Months Ended December 31 (Dollars in thousands) 2025 2024 Net Income $ 18,285 $ 64,947 Add Back: Depreciation and Amortization 52,903 51,329 Income Tax Expense 17,550 37,318 Interest Expense, net 13,811 15,300 Adjustments: Non-Cash
Slide 18: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Twelve Months Ended December 31 2025 2024 Diluted EPS - As Reported $ 0.59 $ 2.06 Non-Cash Purchase Accounting Impacts 0.21 0.20 Restructuring Expenses, net 0.40 0.42 Unrealized Currency (Gain) Loss 0.98 (0.34) Merger and acquisition Expenses 0.21 – Leadership Transiti
Slide 19: 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
Slide 20: Proprietary & Confidential © Gentherm 2024
Proprietary & Confidential © Gentherm 2024 20