Cooper-standard Holdings Inc. · NYSE:CPS
Cooper-standard — J.P. Morgan Global High Yield & Leveraged Finance Conference 2012
30 slides from Cooper-standard's conference presentation, Feb 27, 2012
Slide 1: J.P. Morgan Global High Yield & Leveraged Finance Conference
Exhibit 99.1 J.P. & Global February Allen Chief Helen VP Morgan Campbell Financial Corporate Yantz High 2012 Yield Officer Controller & Leveraged CooperStandard Finance Conference
Slide 2: Safe Harbor and forward-looking statements
Safe or (Cooper objectives expenditures, historical “should,” management’s projections achieved. different expectations, results historically agreements; automotive product ability other assurance forward-looking statements, may what presentation parties investigations harbor is regulations. to may
Slide 3: Company Overview
CooperFinancial Company Allen Chief Campbell Standard Overview Officer
Slide 4: Company Overview
Company Overview Customers employees cooperstandard – 81% direct Leading OEM 4 manufacturer (57% Detroitof3)vehicle – 19% sealing Tier 1, Tier and trim, 2 andfluid otherhandling markets and Footprint antivibration – 70+ manufacturing systems (“AVS”) facilities components, – 7 design systems, and eng
Slide 5: Product Line Overview
Product Line September 2011 Overview YTD * 2011 Revenue of $2.85 billion Vehicle sealing and trim Fluid Handling 49% 36% 4% 11% Industrial Anti-Vibration Systems cooperstandard 5 * Product Line Overview as of
Slide 6: Well Positioned Footprint
Well Positioned Sales / Administration Footprint Americas RecentEurope Footprint AsiaExpansion: Pacific Sao Craiova, Paulo, Brazil Romaniacooperstandard Czestochowa,6 Poland Mumbai, India Nakhonratchasima, Thailand Joint Venture Operation Manufacturing Technical Center
Slide 7: Improving regional, customer and vehicle mix
Revenue 70% programs Europe1111 Evolution 2004A 23%2010A 2004A 2004Cars vs. Other 2010 and 10% crossovers 2004A* Ford Chrysler Region 45% SUV/ South 41% Trucks Renault- America 55%Nissan 6%Cars 2010A 5% andPSA Asia crossovers 4% Pacific Other65% South 28% SUV/ America FordTrucks 31%8%2010A 35% 3% As
Slide 8: Proactive Operational Management
Operational Proactive Management 2011 strong 2011 performance process Cooper Excellence is a proven from Standard 8 –Identify, Lean integrator France Lowimplement Cost of Effectively Supply Country and Chain leverage (LCC) track andproject Expand our Rawscale Material savings footprint Develop at Ma
Slide 9: Avenues for Growth
Cooper Standard platforms 5 Opportunities Avenues inforadjacent Growth markets Leadinggtechnology cooperstandard & engineering 9 1 g gy g g capabilities 2 Developed market recovery 3 Long-term growth in emerging markets 4 Trends towards global
Slide 10: Avenues for Growth: Leading technology and engineering capabilities
Avenues fuel sensor economy, technology for Growth and -increase Hard 1 Leading coating overall technology technology vehicle performance & for engineering enhanced - Thermal capabilities appearance management Technology and increased systems andcontent new to heat products perand vehicle cool wellc
Slide 11: Avenues for Growth: Developed market recovery
Avenues strong Forecast, customer for January Growth relationships 2012 2 Developed cooperstandard ideally market position 11recovery * ACooper = Actual N.A. Standard ; production E = Estimate to benefit Europefrom production the continuing (million) cyclical p p (million) recovery11in9the 16.7 deve
Slide 12: Recent Strategic Plans: Consolidation of France operations
RecentSPBT Plants expanding FMEA 49% Strategic footprint FMEA Shares Consolidation contributed in Plants Poland Management and Cooper cash India of Standard EUR –Strategic Expands 24 million contributed Logic Europe cooperstandard – Addresses CS itsFrance sealing overcapacity product Cooper 12 Incre
Slide 13: Recent Strategic Equipment and Sigit Acquisition
Recent Strategic Equipment CooperConsolidation Standard Contracts Sigit S.p.A. Italy In & December Poland Intellectual 2011, Cooper Property Standard Employees acquired Strengthened Sigit S.p.A., relationship a supplier with of sealing globalproducts customers with cooperstandard operations in Italy
Slide 14: Avenues for Growth: Long-term growth in emerging markets
Avenues2012 January for Growth cooperstandard 3 Long-term 14 Our growth manufacturing in emergingfootprint marketsenables 24.4 16.7 Cooper 2010A Standard 2015E TOYOTA to capitalize Brazil on strong India Automaker growth in emerging China 3.1markets 5.6 2010A 2015E 4.2 5.8 2010A 2015E Source: IHS Fo
Slide 15: Emerging Markets Footprint & Customers: Asia
Emerging Markets Hiroshima, Japan Kim-Hae FootprintIndia & Customers Chennai Pune Asia Locations Panyu Mumbai ChinaNakon Seo-Cheon Ratchasima GunsanHeadquarters Nagano, Japan Key Cheong-Ju Korea cooperstandard Dharuhera Manesar 15 Manufacturing Sahibabad Huai-an Manufacturing Kunshan/ Technical Shan
Slide 16: Emerging Markets Footprint & Customers: Brazil
Emerging Markets Footprint & Customers Brazil Locations Brazil Camaçari Varginha São Bernardo Sao Paulo Key cooperstandard 16 Headquarters Manufacturing Manufacturing / Technical Center Sales/Marketing
Slide 17: Avenues for Growth: Trends towards global platforms
Avenues C/E with Europe a total forglobal India Growth South volume 4 Trends America of 200,000 towards ASEANunits global cooperstandard per platforms annum Global 1617 Global Global platforms Platform Platform will%be Definition: 74% predominant 74% 12 Any 86% byplatform 2016 55% Copyright 14with 8
Slide 18: Avenues for Growth: Expand into adjacent markets
Avenues Cl aging 5 8fleets h ld forhibit Expand Growth t th dcommercial Opportunities l d fl t l k t efforts Notin dependent adjacent Commercial markets on new Vehicle nsion vehicle Aerospace Further production penetration Off-highway Profitability of existing Agriculture resilient product in Indust
Slide 19: Financials
Cooper Helen VP & Corporate Yantz StandardController Financials
Slide 20: Financial Overview
Financial 2007A 8.4% is included and 2008A Overview 9.1% in the 2009A adjusted appendix $2,511 2010A EBITDA along $2,595 2007A with margin $2 2008A 414 thiseven Consolidated presentation 2009A during 2010A industry on Revenue Strong our website downturn revenue ($ million) at www.cooperstandard.com
Slide 21: Cooper Standard products on top-selling global platforms
Cooperglobal Fusion Peugeot selling /Standard’s Li Edge /P tplatforms #7 /SiGeely #16 Top BMW 20 (Volvo) Platforms #17S60/XC60 Chrysler 2011 #2 Ford Ram Ford Mondeo #19 Escape Fiat 3#10 #1 Series Ford Dodge1500/2500 F-150 200 #4 / Challenger Ford Linea/Punto/Siena Explorer/Taurus #12 GM Cruze Palio/
Slide 22: Sales and Operating Profit
Sales2010A Resulting Acquisitions $0.1 presentation and Operating from: 2011A on Revenue our Increase cooperstandard website Profit without in–North atFY www.cooperstandard.com Acquisitions 2011 American 22 Continued * Without –olOffsetting: mes restructuring revenue 2.69 $0.0 –and Higher $1.0 earni
Slide 23: Key Cash Inflows and Outflows
KeyStrong Capital 23 CashExpenditure Inflows Cash Flow and $108.3 generations Outflows Business infrom FYCash 2011 operations Acquisition: Proceeds in FY from USi 2011 partial $6.5 Sigit sale S.p.A’s of NISCOsealing JV $16.0 business Cash< Inflows $3.0 NISCO ($ million) Thailand Cash operation recei
Slide 24: Liquidity and debt maturity
Liquidity $400 major upgraded 294 debtby and 5 maturity 361.7 S&P Debt77.5 from Balance until 95.2 ‘B+’ 2018 $200 as to of Flexible ‘BB-’ December $300with $0 capital $100 stable 31,structure 2010A 2011 outlook Liquidity 2011A allows294.5 ($ formillion) future $0 $100 growth Debt 2010A ($opportuniti
Slide 25: Value Proposition
CSA cooperstandard flow Value Proposition 25 Leading market positions Well positioned footprint Operational excellence Multiple options for growth Strong balance sheet Proven business model of delivering high cash
Slide 26: Appendix
Cooper Standard G CooperStandard
Slide 27: EBITDA Reconciliation
EBITDA expense, write-up(3) charges(8) related acquisition-related to in customer 2006-Impairment 2008-Impairment intangibles 6, cooperstandard forma Pro structure 2006. the 2006 forma acquisition adjustments toand Our net organized Reconciliation to product adjustments 146.4 ($1.6 2.5 recover 2008
Slide 28: EBITDA Reconciliation ($ million)
EBITDA 893.8 Reorg sizing Interest of & Impairment German Reconciliation 64.3facilities 69.5 147.2 Depreciation – 2009 --233.8 5.8and Stock 380.9 2010 and based Bond amortization ($ million) compensation repurchase 2009 113.8 9.1) 2010 1.4 102.4 Foreign 6.6 NetR cooperstandard Income iexchange ti F
Slide 29: EBITDA Reconciliation 2010
EBITDA Net -756.4 including inventory 8.1income 8.1 $ 137.4 Stock-based Reconciliation professional adjustment. $ 636.3 $ 893.8 $ compensation 40.6 (5) Reorganization fees. –Non-cash 2010 $(2) 676.9 Includes ($ million) Provision stock (5)and 0.2 non-cash amortization fresh-start 6.4 Predecessor for
Slide 30: Operating Profit without Restructuring Reconciliation
Operating Profit without Profit Restructuring Reconciliation $0.15 – 2010 $0.18and cooperstandard 2011 ($ billion) 5 Year Ended Year Ended December 31, 2010 December 31, 2011 Operating Profit $0.14 $0.13 Restructuring Expense 0.01 0.05 Operating
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