Gentherm Inc · NASDAQ:THRM
Gentherm — Q4 2020 Earnings Presentation
16 slides from Gentherm's earnings presentation, Mar 1, 2021
Slide 1: 2020 Fourth Quarter and Full Year Results
2020 Fourth Quarter and Full Year Results Gentherm, Inc. March 1, 2021 Exhibit 99.2
Slide 2: Forward-Looking Statement
Forward-Looking Statement Except for historical information contained herein, statements in this presentation are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Genthe
Slide 3: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures* In addition to the results reported in accordance with GAAP throughout this presentation, the Company has provided information regarding adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”), adjusted earnings per share (“Adju
Slide 4: Entering 2021 with strong momentum
4 Entering 2021 with strong momentum 4Q 2020 Highlights Significantly outperformed the automotive market $940M in Automotive awards reflecting over 90% win rate Record revenue with double-digit growth in Medical Over 60 basis points improvement in Adjusted EBITDA Margin rate Full Year 2020 Highlight
Slide 5: Automotive 4Q 2020 Highlights
Automotive 4Q 2020 Highlights 5 Continued strong execution in Automotive 19 Vehicle launches with 11 OEMs Multiple CCS® product launches Hyundai Tucson Hyundai Sonata Ford 150 Acura MDX Continued innovation in Battery Performance Solutions Advanced ClimateSense™ development projects Began phase thre
Slide 6: New Automotive Business Awards
New Automotive Business Awards 6 Strong win rate and healthy pipeline enable continued growth $440M in awards across 12 OEMs in 4Q 2020 Multiple CCS® awards Chevrolet CUV Ford Hummer EV Land Rover Mazda Volkswagen 8 Steering Wheel Heater awards across 6 OEMs Expanded strong position with General Mot
Slide 7: Leading the industry with innovative solutions
7 Leading the industry with innovative solutions Electrification Growth Future Current Projects 11 Development Projects 4 Customers ClimateSense ™ Proprietary software Increased thermal content Significant range extension 106 Programs 30 Customers Battery Performance Solutions Battery Thermal Manage
Slide 8: Medical 4Q 2020 Highlights
Medical 4Q 2020 Highlights 8 Strong revenue growth in 2020 despite market challenges Expanded WarmAir® and FilteredFlo® patient warming systems across multiple large hospital networks Continued revenue growth of consumables Strong focus on innovation programs leveraging thermophysiology synergies be
Slide 9: 2020 Summary
2020 Summary 9 Well positioned to deliver profitable, long-term growth Expanded take rates and content Significant EV program growth Award-winning customer service Double-digit growth in Medical Financial results demonstrate continued successful execution of our strategic plan Focused growth Realign
Slide 10: Selected Income Statement Data
Selected Income Statement Data 10 Three Months Ended December 31, Twelve Months Ended December 31, (Dollars in thousands, except per share data)
Slide 11: Selected Balance Sheet Data
Selected Balance Sheet Data 11 (Dollars in thousands) The Company increased prior-year deferred income tax assets by $11,446 as a result of the revised valuation of certain deferred income tax assets.
Slide 12: 2021 Guidance
2021 Guidance Assuming light vehicle production in our relevant markets grows at a low-teens rate in 2021 versus 2020. Foreign exchange rate assumed at current levels. Due to the inherent difficulty of forecasting the timing and amount of certain items that would impact net income, such as foreign c
Slide 13: (ii) GENTHERM
(ii) GENTHERM
Slide 14: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA 14 Three Months Ended December 31, Twelve Months Ended December 31,
Slide 15: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS 15 Three Months Ended December 31, Twelve Months Ended December 31,
Slide 16: Gentherm - Technology to the next degree
(())) GENTHERM Technology to the next degree™