Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q2 2023 Earnings Presentation

14 slides from Standard Motor Products's earnings presentation, Aug 2, 2023

  1. Slide 1: Standard Motor Products, Inc. 2nd Quarter 2023 Earnings Call

    Standard Motor Products, Inc. 2nd Quarter 2023 Earnings Call | August 2, 2023 1

  2. Slide 2: 2nd Quarter 2023 Earnings Call Agenda

    2nd Quarter 2023 Earnings Call | August 2, 2023  Welcome & Introduction Tony Cristello, VP Investor Relations  Overview & Market Trends Eric Sills, CEO  Distribution & Supply Chain Update Jim Burke, COO  Financial Results & Balance Sheet Nathan Iles, CFO  Final Comments Eric Sills, CEO  Q&A Al

  3. Slide 3: 2nd Quarter P&L Summary – Segments

    2nd Quarter P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2023 2022 2023 2022 Vehicle Control Revenue $ 183.8 $ 185.8 $ 368.4 $ 363.0 Gross Margin 60.1 32.7% 53.7 28.9% 118.6 32.2% 109.2 30.1% Selling, General & Administrative

  4. Slide 4: 2nd Quarter P&L Summary – Consolidated

    2nd Quarter P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2023 2022 2023 2022 Consolidated Results Revenue $ 353.1 $ 359.4 $ 681.1 $ 682.2 Gross Margin 101.3 28.7% 96.4 26.8% 192.5 28.3% 186.2 27.3% Selling, General & Admi

  5. Slide 5: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) JUNE 30, DECEMBER 31, 2023 2022 2022 Working Capital Stats Accounts Receivable, Net $ 218.1 $ 229.7 $ 167.6 Inventories $ 499.1 $ 551.4 $ 528.7 Cash Flow Stats (YTD) Operating cash flows $ 39.4 $ (95.3) Capex $ (9.5) $ (13.2) Dividends $ (12.5) $ (1

  6. Slide 6: Q&A Session

    SVP Standard Motor Produ Q&A Session

  7. Slide 7: Appendix

    Appendix

  8. Slide 8: Safe Harbor – Forward Looking Statements

    Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipat

  9. Slide 9: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 18,358 $ 20,792 $

  10. Slide 10: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2023 2022 2023 2022 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 27,178 $ 27,893 $ 47,924 $ 54,808 RESTRUCTURING AND INTEGRATION EXPENSES 29

  11. Slide 11: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED JUNE 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 19,273 $ 5,800 $ 6,163 $ (4,058) $ 27,178 RESTRUCTURING AND INTEGRATION EX

  12. Slide 12: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED JUNE 30, 2022 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 16,059 $ 10,523 $ 5,109 $ (3,798) $ 27,893 RESTRUCTURING AND INTEGRATION E

  13. Slide 13: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) SIX MONTHS ENDED JUNE 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 36,648 $ 7,884 $ 11,810 $ (8,418) $ 47,924 RESTRUCTURING AND INTEGRATION EXP

  14. Slide 14: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) SIX MONTHS ENDED JUNE 30, 2022 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 36,403 $ 14,685 $ 11,397 $ (7,677) $ 54,808 RESTRUCTURING AND INTEGRATION EX

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