Gentherm Inc · NASDAQ:THRM
Gentherm — Q4 2017 Earnings Presentation
12 slides from Gentherm's earnings presentation, Feb 20, 2018
Slide 1: Gentherm Inc. 2017 Fourth Quarter and Full Year Results
Gentherm Inc. 2017 Fourth Quarter and Full Year Results February 20, 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: Revenue and adjusted EBITDA
Revenue and adjusted EBITDA (1) Does not include $3.8M and $6.7M of Transition Expenses during the three month period ended December 31, 2017 and the year ended 2017, respectively. (2) Adjusted EDITDA is a non-GAAP measure, see slide 9. Full year revenue growth: 7.4% thereof 4.6% organic Fourth quar
Slide 4: Automotive 2017 Highlights
Automotive 2017 Highlights Launched systems on 141 vehicle nameplates with 22 OEMs Launched record number 28 steering wheel heater solutions Launched first thermoelectric Battery Thermal Management with German OEM and NA OEM Honda NA and Bosch Global Supplier of the Year Awards Acquisition of Etrate
Slide 5: Automotive 2017 Awards
Automotive 2017 AWARDS Over $1.2B in new awards across 21 customers Several high-volume CCS™ platform awards GM Trucks Ford F-Series Ram Truck Expansion of Japanese OEM business with Subaru & Mazda Won first CCS content with a major luxury brand-Mercedes First major Chinese OEM awards of CCS and the
Slide 6: CSZ 2017 Highlights
CSZ 2017 HIGHLIGHTS Thermal test chamber for a NASA space project Launched new FilteredFlo® Pediatric Underbody Blanket Successfully passed critical design review gate with US Airforce for non-invasive warming and cooling device Launched 100V Norm-O-Temp® providing a solution for the Japanese Normot
Slide 7: GPT 2017 Highlights
GPT Regulation drives methane reduction market – ERA Grant Australian LNG market Expansion of offshore platform success to new areas 2017 HIGHLIGHTS
Slide 8: Adjusted Non-GAAP EPS
Adjusted Non-GAAP EPS Three Months EndedDecember,Year EndedDecember 31,2017201620172016Diluted EPS – As Reported$(0.14)$0.71$0.96$2.09Acquisition transaction expenses0.02—0.020.02Non-cash purchase accounting impacts0.090.080.300.42)Unrealized currency loss (gain)0.06(0.17)0.59(0.17)CEO transition ex
Slide 9: Reconciliation of Adjusted EBITDA
Reconciliation of Adjusted EBITDA Three Months EndedDecember 31,Year EndedDecember 31,(In Thousands)2017201620172016Net Income (loss)$(5,242)$26,036$35,227$76,598Add Back: Income tax expense23,7956,31934,02833,965 Interest expense1,2529704,8853,257) Depreciation and amortization12,2389,99344,68537,5
Slide 10: Selected Balance Sheet Data
Selected Balance Sheet Data (In Thousands)December 31, 2017September 30, 2017Cash and Cash Equivalents$103,172$147,626Total Assets883,405862,588Working Capital (less cash)186,582184,911Debt144,669145,891 Current3,4603,445 Non-Current141,209142,446Revolving LOC Availability220,697203,780Total Liquidi
Slide 11: 2018 Guidance
2018 Guidance Revenue growth 8 – 10% (3 -5% organic) Gross margin 30 – 32% Adjusted EBITDA(1) approximately 15% of product revenue CAPEX approximately $50M (1) Due to the inherent difficulty of forecasting the timing and amount of certain items that would impact net income, such as foreign currency
Slide 12: Technology to the next degree
Technology to the next degree™