Core Molding Technologies Inc · AMEX:CMT
Core Molding Technologies — Roth Conference 2025
25 slides from Core Molding Technologies's conference presentation, March 2025
Slide 1: Roth Conference March 2025
MOLDING TECHNOLOGIES ROTH CONFERENCE March 2025
Slide 2: Safe Harbor Statements and Non-GAAP Financial Measures
SAFE HARBOR STATEMENTS AND NON-GAAP FINANCIAL MEASURES Certain statements in this Annual Report on Form 10-K constitute forward-looking statements within the meaning of the federal securities laws, which are subject to the "safe harbor" created by Section 27A of the Securities Act of 1933, as amende
Slide 3: Core Molding Technologies
NYSE American Founded in CMT 1980 CORE MOLDING TECHNOLOGIES Headquartered in Employees Columbus, OH 1,570 The most reliable, innovative and responsive partner in engineered materials and manufacturing solutions: SOLUTION | INNOVATION | MANUFACTURING Diversified Portfolio with Long Term Mexico 2024 S
Slide 4: Investment Highlights
INVESTMENT HIGHLIGHTS ✓ Market Leadership Position ✓ Few competitors, high barriers to entry ✓ Large Addressable Market ✓ Long-term relationships with blue-chip companies ✓ Proprietary, Highly-Engineered Products ✓ Single source, technical solutions of structural systems ✓ Product innovation experti
Slide 5: > $10B Addressable Market
> $10B ADDRESSABLE MARKET Building Industrial & Consumer Powersports / Construction Packaging Truck & Ag. Products Utilities Products Golf Cars $2.6B $2.3B $1.9B $1.9B $0.6B $0.5B $0.3B Defend / Grow Grow Grow Grow Defend Grow Grow Industry Dynamics • Grow wallet share with large customers • Market
Slide 6: Large North American Manufacturing Footprint
LARGE NORTH AMERICAN MANUFACTURING FOOTPRINT Monterrey, MX Winona, MN Cobourg, 7% Ontario 14% 4% Gaffney, SC 16% Product Sales by Facility* 34% 25% Columbus, OH Matamoros, MX 82 >1.3M presses Square Feet *Based on 2024 Product Sales 6
Slide 7: Industry and Customer Diversification
INDUSTRY AND CUSTOMER DIVERSIFICATION Truck 14% Industrial, Utilities & Other 6% Building Powersport Products 2024 56% Net Product Truck Sales By 24% Industry Power Sports Building Products Long-term relationships Industrial and Utilities with blue-chip companies providing single-source manufacturin
Slide 8: How We Diversify
HOW WE DIVERSIFY Building Products Industrial & Utilities Power Sports Transportation Light Weighting | Durability | Cost Savings | Corrosion Resistance | Parts Consolidation | Recyclability 8
Slide 9: Driving Core Molding to the Next Level
Driving Core Molding to the Next Level ➢ We have an organization and plants prepared for organic growth ➢ We are profitable and have cash to invest (acquisition and assets) ➢ Driving Voice of the Customer into the organization, understand the customer’s problems to solve Invest For Growth 1. Sales F
Slide 10: Steps to Driving More Organic Growth
Steps to Driving More Organic Growth 1. Org Structure to increase focus on growth and builds customer loyalty to facilitate growing wallet share 2. Prioritization of new opportunities to best utilize our resources and maximize return on investment 3. Train and embed Value-Selling methodologies 4. Bu
Slide 11: New Sales Growth
New Sales Growth Construction Medical EV Battery Trays Four piece assembly shown Portable Security Marine Docks Vehicle 11
Slide 12: Integrated Materials and Processes from One Supplier
INTEGRATED MATERIALS AND PROCESSES FROM ONE SUPPLIER Lightweight = Lower Total Costs High Strength to Weight • Total installation cost 15% lower • High performance vs cost = Value • 10X faster installation • Durability and corrosion resistance Multi-Composite Design Flexibility Innovative Material &
Slide 13: Light Weighting
LIGHT WEIGHTING Multiple Benefits from Lightweight Parts: ✓ Easier installation ✓ Reduced Labor Polymer Concrete Composite ✓ Improved Employee Safety / Reduced Injuries / OSHA 90 Lbs. 25 Lbs. ✓ On site modifications ✓ Reduced need for onsite installation equipment ✓ Saves 80% CO2 emissions vs concre
Slide 14: Part Consolidation / Solutions
PART CONSOLIDATION / SOLUTIONS Multiple Benefits from a Solution with Part Consolidation: 1 Part ✓ Unique Solutions creating an optimized 43 Parts • 3X higher strength, 30Lbs lighter, 60% less labor to install design ✓ Simplified assembly / Reduced Labor for the customer ✓ Integrated with the custom
Slide 15: Why Core Molding? Engaged teams make it happen
Why Core Molding? – Engaged teams make it happen! Culture As A Competitive Advantage: Holistic approach to purposefully create an engaged knowledgeable team that wants to win and feels empowered to win. • Long term trusted partner • Team that lives up to • Culture of continuous with industry leaders
Slide 16: Why Core Molding? Difficult and Ultra Large Products
Why Core Molding? – Difficult and Ultra Large Products We are an Industry leader in Composite product design / manufacturing • 82 Presses • CAMX 2023 Material & Process • Multi-Composite • 7 DLFT systems in 2 Innovation Award nomination Design Flexibility different location • Co-development, product
Slide 17: Financials
FINANCIALS 17
Slide 18: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY Return Capital Maintain Strong Organic Growth M&A to Shareholders Balance Sheet • Capital investments • Tuck in acquisitions • Share repurchase is • Zero net debt meeting Company’s • Valuations of $10 - preferred method • Current leverage return requirements $40 million •
Slide 19: Selected Financial Information
SELECTED FINANCIAL INFORMATION Total Sales in millions $400 $377 $358 Adj EBITDA in millions / % of Sales (1) $350 $308 $50 14.0% $302 $42.9 $300 $33.8 12.0% $40 $250 $222 $26.7 $31.9 10.0% $30 8.0% $200 $22.6 $20 6.0% $150 4.0% $100 $10 2.0% $50 $0 0.0% $0 2020 2021 2022 2023 2024 2020 2021 2022 20
Slide 20: Cash Flows and Reinvestment
CASH FLOWS AND REINVESTMENT Free Cash Flows Operating Sustaining Growth Free Cash Excluding Growth in millions Cash Flows Capex Capex Flows Capex 2022 $ 19.0 $ 7.8 $ 8.8 $ 2.4 $ 11.2 2023 $ 34.8 $ 6.1 $ 3.0 $ 25.7 $ 28.7 2024 $ 35.1 $ 9.0 $ 2.5 $ 23.6 $ 26.1 Total $ 88.9 $ 22.9 $ 14.3 $ 51.7 $ 66.0
Slide 21: Long Term Financial Goals
LONG TERM FINANCIAL GOALS 3 – 5 Years • Organic growth • Acquisitions Revenues >$500MM • Goal timing may be impacted due to return to pre-pandemic demand levels • Operational improvements Operating Income 8%-10% • Value selling • Leverage fixed costs • Investment in capacity and Return on Capital au
Slide 22: Contacts
CONTACTS Company Contact John Zimmer Chief Financial Officer jzimmer@coremt.com Investor Contact Sandy Martin / Steven Hooser Three Part Advisors 214.616.2207 22
Slide 23: Appendix
APPENDIX 23
Slide 24: Net Income (Loss) to Adjusted EBITDA Reconciliation
NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION Twelve Months Ended In thousands December 31, 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Net income (loss) $ 12,050 $ 7,411 $ 5,459 $ (4,782) $ (15,223) $ 8,165 $ 4,671 $ 12,203 $ 20,324 $ 13,299 Income tax expense (benefit) $ 6,118 $ 3,836
Slide 25: Year-End and Return on Capital Employed (ROCE) Reconciliation
YEAR-END AND RETURN ON CAPITAL EMPLOYED (“ROCE”) RECONCILIATION 2020 2021 2022 2023 2024 2024 (2) in thousands in thousands EBIT $ 10,390 $ 11,068 $ 18,003 $ 26,537 $ 16,695 EBIT $ 16,695 Plant Closure Costs (1) 2,581 Plant Closure Costs (1) Adjusted EBIT $ 10,390 $ 13,649 $ 18,003 $ 26,537 $ 16,695