Slide 1: 2025 Third Quarter Results
2025 Third Quarter Results October 23, 2025 Proprietary © Gentherm
Slide 2: Forward-Looking Statements
Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the “Company”) pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All sta
Slide 3: Third Quarter Highlights
Third Quarter Highlights $745M $387M → Automotive New Business Awards $1.8B year-to-date Automotive Product → Conquest lumbar and massage comfort solutions award New Business Revenues with Mercedes-Benz, including Puls.A Awards → Record quarterly revenue driven by Automotive Climate 12.7% $88M and C
Slide 4: Strategic Actions Progress
Strategic Actions Progress Drive Strategic Profitable Growth Build Operational Excellence Achieve Superior Financial Performance Notable progress in adjacent markets; Focused on leadership alignment and Key long-term strategic actions identified $300M+ lifetime opportunities strengthening culture pr
Slide 5: Third Quarter Automotive Highlights
Third Quarter Automotive Highlights Awards $745M Awards of $745M Notable program launches Significant conquest award that further accelerates pneumatic solutions and Li Auto i6 Puls.A adoption Expanding ComfortScale to additional GM Platforms, delivering value added solutions to OEMs and consumers t
Slide 6: Third Quarter Financial Review
Third Quarter Financial Review Revenue Adjusted EBITDA Operating Cash Flow $387M $49.0M $88M +2.4% ex-FX 12.7% margin +$15 million vs. PY $387 $88 $372 $48.1 $49.0 $73 12.9% 12.7% 3Q24 3Q25 3Q24 3Q25 3Q24 YTD 3Q25 YTD • Automotive Climate and Comfort • Improved margin sequentially ~50 bps • Net leve
Slide 7: 2025 Guidance
2025 Guidance Revenue Mid-point Raised Previous Revised Comments (July 24, 2025) (October 23, 2025) • Stronger demand and improved light vehicle industry production Product Revenues $1.43B – $1.5B $1.47B – $1.49B • Does not include any potential impact from recent supply chain developments Adjusted
Slide 8: Why Gentherm?
Why Gentherm? Innovative leader uniquely positioned for Continuous improvement mindset to drive Strong financial position with ability profitable growth driven by scalable margin expansion and solid cash flow to efficiently deploy capital and drive technology platforms and broad market conversion sh
Slide 9: Appendix
Appendix Proprietary © Gentherm
Slide 10: 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 may discuss on the related conference call adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”); Adjusted EBITDA margin; adju
Slide 11: Select Income Statement Data
Select Income Statement Data Three Months Ended September 30 Nine Months Ended September 30 (Dollars in thousands, except per share data) 2025 2024 2025 2024 Product Revenues $ 386,870 $ 371,512 $ 1,115,814 $ 1,103,210 Automotive 374,211 358,804 1,079,937 1,067,444 Medical 12,659 12,708 35,877 35,76
Slide 12: Select Balance Sheet Data
Select Balance Sheet Data (Dollars in thousands) September 30, 2025 December 31, 2024 Cash and Cash Equivalents $ 154,250 $ 134,134 Total Assets 1,381,335 1,247,556 Debt 189,109 220,201 Current 109 137 Non-Current 189,000 220,064 Revolving LOC Availability 307,938 280,000 Total Liquidity 462,188 414
Slide 13: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended September 30 Nine Months Ended September 30 (Dollars in thousands) 2025 2024 2025 2024 Net Income $ 14,949 $ 15,965 $ 15,298 $ 49,626 Add Back: Depreciation and Amortization 13,274 12,351 39,120 38,742 Income Tax Expense
Slide 14: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Three Months Ended September 30 Nine Months Ended September 30 2025 2024 2025 2024 Diluted EPS - As Reported $ 0.49 $ 0.51 $ 0.50 $ 1.57 Amortization of acquisition related intangibles 0.05 0.05 0.16 0.15 Restructuring Expenses, net 0.13 0.08 0.34 0.39 Unrealized Curre