Slide 1: 2018 Second Quarter Results
2018 Second Quarter Results Gentherm, Inc. July 26, 2018 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, restructurin
Slide 4: Summary of Financial Results
Summary of Financial Results
Slide 5: 2Q 2018 Highlights
On pace to meeting full-year guidance 2Q 2018 Highlights Organic automotive revenue growth Record automotive awards Sequential CCSTM revenue growth Improved financial results year over year and sequentially Significant progress on Focused Growth and Margin Expansion activities $20M of share repurcha
Slide 6: Automotive 2Q 2018 Highlights
40 vehicle launches with 16 OEMs BMW X3Geely C-SUV GMC SierraHyundai Santa Fe Jaguar E-PaceLexus ESLincoln MKX Launched thermoelectric Battery Thermal Management (BTM) System with FCA Group on the Jeep Wrangler eTorque mild hybrid Received the General Motors Supplier Quality Excellence Award CCSTM l
Slide 7: Automotive 2Q 2018 Awards
Over $440M in new awards across 20 customers Multiple CCSTM awards Audi A6Beijing Auto BJ8Cadillac CT5Honda PilotHyundai SonataJeep Grand Cherokee Subaru Outback New Electric Vehicles: Audi e-tron® and Porsche Mission E Heated Interior award for Mercedes S-Class First full system award in China on C
Slide 8: CSZ 2Q 2018 Highlights
Named Jim Paloyan as Senior Vice President and General Manager for medical business Secured awards for Blanketrol®III, Hemotherm®, and Micro-Temp® devices across multiple hospital systems Mission Hospitals (North Carolina) Renown Regional (Reno, Nevada) Jackson Memorial Hospital (Miami, Florida) Con
Slide 9: Selected Income Statement Data
Selected Income Statement Data
Slide 10: Selected Balance Sheet Data
Selected Balance Sheet Data (1) Does not include cash or current debt.
Slide 11: 2018 Guidance & 2021 Outlook
2018 Guidance & 2021 Outlook 2018E 2021E Revenue Growth 8 – 10% (3-5% Organic) High single-digit Organic CAGR Operating Expenses % of Revenue 20 - 22% 15% - 17% Gross Margin 29 – 31% 30 – 32% Adjusted EBITDA Margin 14 – 15% High teens ROIC 12 – 13% > 20% Reaffirming 2018 Guidance and 2021 Outlook
Slide 12: Our Strategy
Our Strategy Focused Growth Extend Technology Leadership Expand Margins and ROIC Optimize Capital Allocation
Slide 13: Strategy Update: Focused Growth
Strategy 1 Update: Focused Growth Divest and minimize non-core investments Divest Global Power Technologies Divest CSZ® Industrial Chambers Eliminate / Minimize Investment Furniture Aviation Battery Management Electronics Industrial Battery Packs Automotive Thermoelectric Generator Non-core Electron
Slide 14: Strategy Update: Expand Margins and ROIC
Strategy 3 Update: Expand Margins and ROIC Eliminate / minimize non-core investments SG&A rationalization Engineering focus and efficiency Purchasing excellence Manufacturing optimization Fit-for-Growth $60M of the targeted $75M annual savings by 2021 now identified
Slide 15: Gentherm
((l)) GENTHERM Proprietary @Gentherm 2018 15
Slide 16: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA
Slide 17: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS
Slide 18: Technology to the next degree
Technology to the next degree™