Commercial Vehicle Group, Inc. · NASDAQ:CVGI
Commercial Vehicle — Investor Presentation (March 2014)
16 slides from Commercial Vehicle's investor presentation, Mar 17, 2014
Slide 1: Investor Presentation March 2014
March | INVESTOR PRESENTATION Exhibit 99.1
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT This presentation contains forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. In particular, this press release may con
Slide 3: CVG Product Mix
CVG PRODUCT MIX CVG – an industry leader as a global supplier to the commercial vehicle industry Percentages shown based on 2012 Revenues
Slide 4: Sales by Region
SALES BY REGION ASIA-PACIFIC NORTH AMERICA EUROPE 79% 12% 9% Percentages shown based on 2012 Revenues
Slide 5: Sales by Industry
SALES BY INDUSTRY Percentages shown based on 2012 Revenues Heavy Truck, 50% Construction, 23% OE Service, 13% Bus, 3% Agriculture, 1% Military, 3% Other, 7%
Slide 6: Global footprint
OHIO cl UNITED) - g | KINGDOM ima) 2 CHINA Bara hn 5 A wsaictle) Y — > — INDIA @ sou Prem Mac @ Denotes Research and Development COMMERCIAL VEHICLE GROUP. INC
Slide 7: Update
UPDATE • Management Change • Evaluated the Company and Business • Reorganized the Leadership Team • Focused on Organic Growth | Ongoing Diversification • Identified Key Initiatives Going Forward • Long-term Strategic Planning in Process
Slide 8: Opportunities and Initiatives
OPPORTUNITIES AND INITIATIVES • North American Truck Market • Construction | Agriculture Equipment Growth – Globally • China | India Market Growth • Product Design and Development Excellence • Design to Value – Local Market Needs • Manufacturing Footprint • M & A Analysis – Ongoing • Organizational
Slide 9: Growth Opportunities: Truck, Construction, Agriculture
TRUCK |CLASS 8** CONSTRUCTION* AGRICULTURE* GROWTH OPPORTUNITIES TRUCK |CLASS 8** (Build) *Source: Millmark (Q1-2014) ** Source: ACT Research (Feb 2014 ) & China LMC (Q1 2014) and Company Estimates CONSTRUCTION* AGRICULTURE* (Build) (Build) 196,165 208,610 219,685 2014 F 2015 F 2016 F 204,000 219,68
Slide 10: Update
UPDATE In 2014 China represents an opportunity that is: • 6X North America in Construction • 3X North America in Agriculture • 3X North America in Truck
Slide 11: Financial Overview
FINANCIAL OVERVIEW Tim Trenary
Slide 12: Financial Overview: Sales / Operating Income Margin
7.8% 7.8% 4.3% (1.3%) (0.2%) 1.1% (1.8%) 4.4% FINANCIAL OVERVIEW Sales / Operating Income Margin (thousands) $0 $236,990 $242,745 $204,824 $173,357 $177,822 $198,909 $187,942 $183,045 -2% 0% 2% 4% 6% 8% 10% $(50,000) $50,000 $100,000 $150,000 $200,000 $250,000 Sales Operating Income Margin Q1 Q2 Q3
Slide 13: Financial Overview: SG&A
Administration Administration FINANCIAL OVERVIEW • Go-to-Market - Product Line Management/Products - Sales - Marketing • Operational Excellence • Procurement Investment Selling, General and Administrative Expense Business Business Investment
Slide 14: Financial Overview: Address the Cost Structure
FINANCIAL OVERVIEW Address the Cost Structure Enhance Margins • Manufacturing Capacity • Operational Excellence • SG&A
Slide 15: Capital Structure and Liquidity
Capital Structure • Senior Notes – $250M – 7.875% – Due April 2019 – $40M Commitment – Amended November 2013 – Expires November 2018 Liquidity • Cash – $72.7M (12/31/13) • ABL – $35M Accordion – $37.2M Availability $2.8M LOC’s FCCR / Block FINANCIAL OVERVIEW • ABL
Slide 16: Commercial Vehicle Group, Inc.
COMMERCIAL VEHICLE GROUP. INC
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