Gentherm Inc · NASDAQ:THRM
Gentherm — Q1 2022 Earnings Presentation
15 slides from Gentherm's earnings presentation, May 4, 2022
Slide 1: 2022 First Quarter Results
2022 First Quarter Results Gentherm, Inc. May 4, 2022 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 herein in accordance with GAAP, the Company has provided here or elsewhere Adjusted Operating Expense, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EPS, Free Cash Flow, Net Debt and Revenue excluding the impact of foreign c
Slide 4: Overview of Acquired Alfmeier Businesses
Overview of Acquired Alfmeier Businesses Business Highlights Headquartered in Treuchtlingen, Germany 2,200 Employees globally Operations in Germany, Czech Republic, United States, Mexico, and China Revenue of €232 million in 2021 * Market share estimates based on January 2022 IHS Markit volume forec
Slide 5: Alfmeier Acquisition Creates the largest global supplier of thermal and pneumatic comfort for Automotive
Alfmeier Acquisition Creates the largest global supplier of thermal and pneumatic comfort for Automotive Transaction: Innovative market leader of Automotive Lumbar and Massage Global leader in high complexity, high reliability valves for automotive fluid systems €177.5 Million* funded from cash bala
Slide 6: Automotive 1Q 2022 Highlights
Automotive 1Q 2022 Highlights 6 Continued momentum in Automotive 12 Vehicle launches with 9 OEMs Multiple CCS® product launches Cadillac Lyriq EV Honda NP1 and NS1 Electric SUVs Maserati Levantino Mazda CX-50 Mercedes-Benz SL-Class Began new ClimateSense™ development project with a fourth OEM in Eur
Slide 7: New Automotive Business Awards
New Automotive Business Awards 7 Continued widespread adoption of Gentherm technologies $170M in awards across 10 OEMs in 1Q Multiple CCS® awards General Motors Hyundai Volkswagen Significant CCS market share in all-electric truck Chevrolet Silverado EV Hummer EV Pickup Ford F-150 Lightning Rivian R
Slide 8: Medical 1Q 2022 Highlights
Medical 1Q 2022 Highlights 8 Challenging conditions still affecting the hospital market Revenue up 9% year over year, excluding the impact of foreign currency translation Won large fluid warming award, fulfilling competitor supply gap University of California San Diego Scripps Health Won multiple Bl
Slide 9: Selected Income Statement Data
Selected Income Statement Data 9 Three Months Ended March 31, (Dollars in thousands, except per share data)
Slide 10: Selected Balance Sheet Data
Selected Balance Sheet Data 10 (Dollars in thousands)
Slide 11: Maintains 2022 Guidance
Maintains 2022 Guidance* 11 * Excludes any impact from the announced acquisition of Alfmeier. Based on the current forecast of customer orders, supply chain constraints, estimated recovery of industry-wide semiconductor supply, light vehicle production in the Company’s key markets growing at a low s
Slide 12: Gentherm
ill) GENTHERM
Slide 13: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin 13 Three Months Ended March 31, (Dollars in thousands)
Slide 14: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS 14 Three Months Ended March 31,
Slide 15: Gentherm - Technology to the next degree
(())) GENTHERM Technology to the next degree™