Ct Automotive Group Plc · LSE:CTA

Ct Automotive — FY2022 Earnings Presentation

23 slides from Ct Automotive's earnings presentation, July 2023

Slide 2: Management Team
MANAGEMENT TEAM Simon Phillips Scott McKenzie Anna Brown Executive Chairman Chief Executive Officer Chief Financial Officer ▪ Simon co-founded CT in 2000, ▪ Scott joined CT from Magna ▪ Anna brings substantial having identified an opportunity Intier in 2007, following a career experience in strategi
Slide 5: FY2022 Headlines
FY2022 HEADLINES • Financial performance impacted by challenging operating conditions New plant in Mexico • Supply chain disruptions and semi-conductors shortages reduced production levels • Group revenue* broadly maintained at FY21 levels • Profitability impacted by increased production and distrib
Slide 7: FY 2022 – A Challenging Backdrop: Income Statement
FY 2022 – A CHALLENGING BACKDROP FY 2022 Income Statement (Audited, continuing operations) 2022 2021 Revenue $m $m ▪ Total Group revenue from continuing operations was relatively stable. Revenue 124.3 127.8 ▪ Overall demand for interior components remained high: production revenue grew by Cost of sa
Slide 8: FY 2022 Summary Balance Sheet
FY 2022 SUMMARY BALANCE SHEET Summary Balance Sheet (Audited) (YE 31/12, $m) FY 2022 FY 2021 Assets ▪ Non-current assets remained broadly flat at $19.9m, reflecting a $3.8m increase Intangible assets & Goodwill 1.8 2.9 in right of use assets offset by a goodwill impairment of $1.2m in relation to ou
Slide 10: Margin Improvement Initiatives
MARGIN IMPROVEMENT INITIATIVES Focusing on profit – margin improvements (PBT margin bridge) 12.0% Completed actions 0.5% 10.5% 2.4% 10.0% ▪ Focus on driving profit margin through: 3.3% 0.2% 7.6% ▪ Labour efficiencies 8.0% ▪ Procurement savings 6.0% ▪ Price increases 1.5% 4.0% ▪ Significant savings d
Slide 12: Well Positioned as Operating Conditions Stabilise
WELL POSITIONED AS OPERATING CONDITIONS STABILISE • On an upward trajectory after navigating through a turbulent year in FY2022 • Encouraging current trading, with strong customer demand and order book • Manufacturing facilities have recovered from specific operational challenges experienced in Q4 2
Slide 14: Customers
CUSTOMERS Strong reputation with both OEMs and Tier 1 customers across the industry OEMs Volume brands Premium brands Electric vehicles Tier 1 Suppliers > 15 years > 10 years > 5 years Newest Customers © 2022 CT Automotive Group Ltd. All rights reserved PAGE 13
Slide 15: Product Range
PRODUCT RANGE 6. HVAC 4. Mechanical assemblies CT specialises in 2k tooling manufacture A wide range of kinematic assemblies and production 5. Light guides with the supply of deployable cup supply of cabin comfort system Ambient light guides supplied by CT’s holders, docking components, including a
Slide 16: Global Footprint
GLOBAL FOOTPRINT CT Ganzhou plant 2 c400 staff Ganzhou, China Two fully automatic CT Ganzhou plant 1 c400 staff paint lines with UV, Air Ganzhou, China vents/cupholders, Cut & sew – wrapped trim parts Mechanical storage CT Czech Republic Armrests/IP panels/console bins Kolin, Czechia trims/gear-shif
Slide 18: Investment Case
INVESTMENT CASE ▪ Niche market with high barriers to entry ▪ Innovative business model with European expertise and low-cost production ▪ Embedded relationships with growing blue chip client base ▪ Long term visibility of pipeline with production levels stabilising ▪ Focus on self help margin improve
Slide 19: Overview of CT
OVERVIEW OF CT Specialist supplier of interior kinematic systems and finishers CT Automotive offers two principal services: • ED&D – Full Engineering Design and Development of complex kinematic interior components. • Production – Lean, efficient, vertically integrated manufacturing of interior compo
Slide 20: Overcoming External Disruptions
OVERCOMING EXTERNAL DISRUPTIONS ESTABLISHING GROWTH COVID DISRUPTION THE BEGINNING POSITION 2023 & beyond 2000-2007 2014-2020 2021-2022 2007-2014 ▪ Challenged European ▪ Factory footprint ▪ Expanded with local ▪ Disruption to global ▪ Operational efficiencies development tooling established in China
Slide 21: Global Customer Base
GLOBAL CUSTOMER BASE Diverse, Stable, Supportive Customer Base CT’S OEM PARTNERS* ▪ Design and development, including testing, costs up to $3m and takes up to 2 years Mazda Seat Chevrolet Lamborghini 3% 2% 4% 1% Automotive kinematic parts are integrated into vehicle designs GM ▪ Ford 1% from the ear
Slide 22: Disclaimer
DISCLAIMER The information contained in this document (“Presentation”) has been prepared by CT Automotive Group plc (the “Company”) solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate the Company. This

CT Automotive Group — FY2022 Earnings Presentation on 6ix

Ct Automotive — FY2022 Earnings Presentation

Slide 1: FY 2022 Results

Slide 2: Management Team

Slide 3: Agenda

Slide 4: FY 2022 Headlines

Slide 5: FY2022 Headlines

Slide 6: Financial Review

Slide 7: FY 2022 – A Challenging Backdrop: Income Statement

Slide 8: FY 2022 Summary Balance Sheet

Slide 9: 2023 Margin Improvements

Slide 10: Margin Improvement Initiatives

Slide 11: Current Trading and Outlook

Slide 12: Well Positioned as Operating Conditions Stabilise

Slide 13: Appendices

Slide 14: Customers

Slide 15: Product Range

Slide 16: Global Footprint

Slide 17: Investment Case

Slide 18: Investment Case

Slide 19: Overview of CT

Slide 20: Overcoming External Disruptions

Slide 21: Global Customer Base

Slide 22: Disclaimer

Slide 23: PAGE 22