Standard Motor Products, Inc. · NYSE:SMP
Standard Motor Products — Q4 2022 Earnings Presentation
14 slides from Standard Motor Products's earnings presentation, Feb 22, 2023
Slide 1: Standard Motor Products, Inc. 4th Quarter 2022 Earnings Call
Standard Motor Products, Inc. 4th Quarter 2022 Earnings Call | February 22, 2023 1
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
Slide 3: Agenda
Agenda v Welcome & Introduction Tony Cristello, VP Investor Relations v Overview & Market Trends Eric Sills, CEO v Financial Results & Balance Sheet Nathan Iles, CFO v Segment Reporting Changes Eric Sills, CEO v Q&A All Standard Motor Products, Inc. | Q4 2022 Earnings 3
Slide 4: Q4 & YTD 2022 P&L Summary
Q4 & YTD 2022 P&L Summary(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2022 2021 2022 2021 Engine Management Revenue $ 242.4 $ 245.6 $ 975.2 $ 937.9 Gross Margin 69.1 28.5% 67.8 27.6% 263.0 27.0% 267.3 28.5% Selling, General & Administra
Slide 5: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights (In millions) DECEMBER 31, 2022 2021 Working Capital Stats Accounts Receivable, Net $ 167.6 $ 180.6 Inventories $ 528.7 $ 468.8 Cash Flow Stats (YTD) Operating cash flows $ (27.5) $ 85.6 Capex $ (26.0) $ (25.9) M&A $ (1.9) $ (125.4) Dividends $ (23.4) $ (22.2) Sh
Slide 6: Resegmentation Discussion
Standard Motor Products, Inc. SIVIP Standard Motor Products, Inc Resegmentation Discussion
Slide 7: SMP Sales by New Segments
SMP Sales by New Segments 2022 Sales Mix by Segment 7
Slide 8: SMP Engineered Solutions Segment
SMP Engineered Solutions Segment Engineered Solutions- 20% Total Sales Mix 8
Slide 9: SMP Vehicle Control Segment
SMP Vehicle Control Segment Vehicle Control- 55% Total Sales Mix Vehicle Control and Temperature Control are Aftermarket Only 9
Slide 10: SMP Temperature Control Segment
SMP Temperature Control Segment Temperature Control- 25% Total Sales Mix Vehicle Control and Temperature Control are Aftermarket Only 10
Slide 11: Q&A Session
Standard Motor Products, Inc. SIVIP Standard Motor Products, Inc Q&A Session
Slide 12: Appendix
Standard Motor Products, Inc. Appendix
Slide 13: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 8,548
Slide 14: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2022 2021 2022 2021 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 15,712 $ 24,212 $ 104,135 $ 128,999 RESTRUCTURING AND INTEGRATION EXPENSES 1,847 226 1,891 392 CUSTOMER B
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