Commercial Vehicle Group, Inc. · NASDAQ:CVGI
Commercial Vehicle — Investor Presentation (May 2015)
15 slides from Commercial Vehicle's investor presentation, May 27, 2015
Slide 1: CVG Investor Presentation May 2015
We Make Better Possible. Exhibit 99.1 CVG Investor Presentation May 2015 Richard Lavin President and CEO Tim Trenary Chief Financial Officer PRESENTERS: Patrick Miller President- Global Truck & Bus
Slide 2: Our Global Footprint
Our Global Footprint
Slide 3: Seats & Seating Systems, Wire Harnesses & Controls, Trim & Components
Seats & Seating Systems Wire Harnesses & Controls Trim & Components — qe Wiper Systems, Mirrors & Controls Structures, Sleeper Boxes & Body Panels
Slide 4: CVG At a Glance
2014 Sales Product End Market Customer Region CVG At a Glance
Slide 5: Preferred provider of highly differentiated component systems
N USN om The preferred provider of = highly differentiated : U component systems to the % ) commercial vehicle and %, heavy equipment markets.
Slide 6: Strategy: Prioritize Opportunities, Focus on Core Products, Drive Disciplined Execution
REGIONS NA EMEA APAC • Focus on core, value accretive businesses • Prioritize investment in core products • Hire and develop difference-making talent across the product lines – Product line management – Engineers – Sales – Manufacturing management • Build / enhance our right to win – Design and engi
Slide 7: Our Opportunity is Significant
CVG has about 5% share of the addressable market – significant opportunity to drive profitable organic growth across our end markets and penetrate our addressable market with current products • Available Market | $27B • Addressable Market | $13B Source: Company data, LMC + Millmark research reports
Slide 8: Selected Financial Results
Sales and Adjusted Operating Income Margin Selected Financial Results
Slide 9: CVG 2020 Financial Objectives
Sales 2014 to 2020 EBITDA, as may be adjusted from time-to-time for special items (such as asset impairments, restructuring, etc.) Sample of 360 Fortune 500 companies for some part of the period 2004 to 2014 for which share prices are available CVG 2020 Financial Objectives Compound Annual Growth Ra
Slide 10: Operating Profit After Capital Charge (OPACC)
• Positive OPACC = Value Creation • Negative OPACC = Value Erosion • Higher profit without corresponding asset growth • Reduce assets without corresponding profit drop • Allocate capital investment based on project OPACC Operating Profit (EBIT) Less: Capital Charge x OPACC Operating Profit After Cap
Slide 11: Managing Through the Cycle
Objective Managing Through the Cycle • Playbook for down and up cycles • Consistent execution lends to credibility Financial What Does That Mean
Slide 12: Capital Structure / Leverage
Senior Secured Notes Principal Balance $ 250 Interest 7.875% Due Apr 2019 Asset Based Credit Facility Commitment $ 40 Availability $ 37 Letters of Credit $ 3 Accordion Option $ 35 Agency Rating / Outlook Moodys B2 | Stable S&P B | Stable LTM 2013 2014 Q1 2015 Cash $ 73 $ 72 $ 81 Debt Net Debt $ 177
Slide 13: Core Values
EES t= =i] Rap CORE VALUES >
Slide 14: Reconciliation of GAAP to Non-GAAP Financial Measures
TOT_CVG_LOB Q1 2015 Reconciliation of GAAP To Non-GAAP Financial Measures Adjusted Operating Income Reconciliation Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 (Dollars in thousands, except margin) Sales 177,822 198,909 187,942 183,045 198,071 215,996 213,802 211,874 220,303 Cost
Slide 15: EBITDA Reconciliation
2013 2014 Q1 2015 EBITDA Reconciliation Reconciliation of GAAP To Non-GAAP Financial Measures LTM $(000’s) Operating Income 6,439 33,694 39,444 Depreciation 19,001 16,732 16,835 Amortization 1,580 1,515 1,467 EBITDA 27,020 51,941 57,746
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