Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q1 2023 Earnings Presentation

12 slides from Standard Motor Products's earnings presentation, May 3, 2023

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

    Standard Motor Products, Inc. 1st Quarter 2023 Earnings Call | May 3, 2023 1

  2. Slide 2: 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

  3. Slide 3: Agenda

    Agenda  Welcome & Introduction Tony Cristello, VP Investor Relations  Overview & Market Trends Eric Sills, CEO  Financial Results & Balance Sheet Nathan Iles, CFO  Final Comments Eric Sills, CEO  Q&A All Standard Motor Products, Inc. | Q1 2023 Earnings 3

  4. Slide 4: 1st Quarter P&L Summary – Segments

    1st Quarter P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED MARCH 31, 2023 2022 Vehicle Control Revenue $ 184.6 $ 177.3 Gross Margin 58.5 31.7% 55.4 31.3% Selling, General & Administrative 34.1 18.4% 32.4 18.3% Factoring Expenses 6.8 3.7% 2.6 1.5% Operating Incom

  5. Slide 5: 1st Quarter P&L Summary – Consolidated

    1st Quarter P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED MARCH 31, 2023 2022 Consolidated Results Revenue $ 328.0 $ 322.8 Gross Margin 91.3 27.8% 89.8 27.8% Selling, General & Administrative 60.7 18.5% 59.3 18.4% Factoring Expenses 9.0 2.7% 3.5 1.1% Operat

  6. Slide 6: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) MARCH 31, DECEMBER 31, 2023 2022 2022 Working Capital Stats Accounts Receivable, Net $ 210.8 $ 225.3 $ 167.6 Inventories $ 522.0 $ 534.4 $ 528.7 Cash Flow Stats (YTD) Operating cash flows $ (20.4) $ (104.0) Capex $ (4.4) $ (6.4) Dividends $ (6.3) $

  7. Slide 7: Q&A Session

    Standard Motor Products, Inc. SiviP Standard Motor Products, Inc. Q&A Session

  8. Slide 8: Appendix

    Standard Motor Products, Inc. Appendix

  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 MARCH 31, 2023 2022 (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 12,698 $ 20,562 RESTRUCTURING AND INTEGRATION EXPENSES 912 41 IN

  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 MARCH 31, 2023 2022 (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 20,746 $ 26,915 RESTRUCTURING AND INTEGRATION EXPENSES 912 41 OTHER INCOME, NET (24) - LAST TWELVE MONTHS ENDED YEAR ENDED

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED MARCH 31, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 17,375 $ 2,084 $ 5,647 $ (4,360) $ 20,746 RESTRUCTURING AND INTEGRATION E

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED MARCH 31, 2022 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 20,344 $ 4,162 $ 6,288 $ (3,879) $ 26,915 RESTRUCTURING AND INTEGRATION E

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