Slide 1: 2018 Fourth Quarter Results
2018 Fourth Quarter Results Gentherm, Inc. February 21, 2019 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
In addition to the results reported in accordance with GAAP throughout this presentation, the Company has provided information regarding “earnings before interest, taxes, depreciation and amortization, deferred financing cost amortization, transaction expenses, debt retirement expenses, impairment l
Slide 4: 2018 Accomplishments & 2019 Opportunities
Accomplishments Opportunities Manufacturing efficiencies Footprint rationalization Expanded Purchasing excellence Value engineering 2018 Accomplishments & 2019 Opportunities Restructured the organization around the One Gentherm Built world class team poised to win in 2019 and beyond Completed full a
Slide 5: 4Q 2018 Highlights
Significantly outperformed the automotive market 2018 Highlights Sequential and year-over-year Climate Control Seat (CCS®) revenue growth 4Q Continued progress on Focused Growth and Margin Expansion activities $84M of share repurchases in the quarter Organic automotive revenue growth Record automoti
Slide 6: Automotive 4Q 2018 Highlights: Launch momentum and expanded partnerships
17 Vehicle launches with 13 OEMs 9 CCS® product launches with 6 OEMs Chevrolet Blazer Geely NL-5 Hyundai Santa Fe Kia Telluride Launched joint development partnership with Lear Showcased thermal solutions in Rinspeed’s microSNAP at CES and the Detroit Auto Show Partnering with ThermoAnalytics to imp
Slide 7: Automotive Awards
$350M in new awards in 4Q across 25 OEMs Multiple CCS® awards Geely FS-11 Kia K5 / Sorento Land Rover Range Rover / Evoque Nissan C-CUV VW Golf Follow on award for Daimler Thermoelectric Battery Thermal Management Follow on award for Geely Air Cooling Battery Thermal Management Strategic Seat Heater
Slide 8: Industrial 4Q 2018 Highlights
Industrial 4Q 2018 Highlights Well positioned to grow the Medical business Continued growth in Blanketrol® equipment Blanketrol® ranked* as a top-three brand Strong momentum in International markets 20% Growth in Europe 47% Growth in Middle East and Africa Substantial orders from China and Japan Sig
Slide 9: Selected Income Statement Data
Selected Income Statement Data Three months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 (In thousands, except per share data) Product Revenues $ 253,652 $ 257,185 $ 1,038,259 $ 985,683 Gross Margin 68,457 77,232 294,612 310,887 Gross Margin % 27% 30% 28% 32% Operating Expenses 47,
Slide 10: Selected Balance Sheet Data
Selected Balance Sheet Data December 31, 2018 December 31, 2017 (In thousands) Cash and Cash Equivalents $ 39,620 $ 103,172 Total Assets 803,047 883,405 Debt 139,890 144,669 Current 3,413 3,460 Non-Current 136,477 141,209 Revolving LOC Availability 221,871 220,697 Total Liquidity 261,491 323,869
Slide 11: 2019 Guidance & 2021 Outlook
2019 Guidance & 2021 Outlook 2019E 2021E Revenue Growth 4% - 6% High single-digit Organic CAGR Gross Margin 28% - 30% 30% – 32% Operating Expenses % of Revenue 19% - 20% 15% - 17% Adjusted EBITDA Margin (1) 14% - 15% High teens ROIC > 20% 2019 Guidance and Reaffirmed 2021 Outlook (1) Due to the inhe
Slide 12: Technology to the next degree
Technology to the next degree™
Slide 13: Gentherm
((l)) GENTHERM Proprietary @Gentherm 201913
Slide 14: Reconciliation of Net Income to Adjusted EBITDA
Reconciliation of Net Income to Adjusted EBITDA Three Months Ended December 31, Year Ended December 31, Year Ended December 31, 2018 2017 2017 2018 2018 2017 2017 (In thousands, except per share data) Net income (loss) $ 12,629 $ (5,242) $ 41,899 $ 35,227 Add Back: Income tax expense 6,413 23,795 16
Slide 15: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Three Months Ended December 31, Year Ended December 31, 2018 2017 2018 2017 Diluted EPS - As Reported $ 0.36 $ (0.14) $ 1.16 $ 0.96 Acquisition transaction expenses - 0.02 - 0.02 Non-cash purchase accounting impacts 0.10 0.09 0.37 0.31 Unrealized currency loss 0.01 0.0