Slide 1: 2025 Second Quarter Results
2025 Second Quarter Results July 24, 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: Second Quarter Highlights
Second Quarter Highlights $620M $375M → Awards include full comfort solutions portfolio on Ford F-Series, and continued Puls.A adoption Automotive Product New Business Revenues → Automotive Climate and Comfort Solutions growth over Awards market of 10 bps with strong performance in North America / E
Slide 4: Strategic Actions Progress
Strategic Actions Progress - Captured awards in commercial vehicles and powersports driven by an expanded focus on adjacent markets Drive Strategic Profitable Growth - Executed strategic partnership agreement to expand European distribution for Medical business - Ongoing deployment of standardized o
Slide 5: Second Quarter Automotive Highlights
Second Quarter Automotive Highlights Awards Launches $620M in awards 9 program launches Industry leading products and OEM partnership Xiaomi YU7 Ram 1500 resulted in winning full comfort solutions portfolio on F-Series one of the highest volume platforms globally Innovative Puls.A solution continues
Slide 6: Second Quarter Financial Review
Second Quarter Financial Review Revenue Adjusted EBITDA Liquidity $375M $45.9M $416M -1.6% ex-FX 12.2% margin +$15 million vs. PY $376 $375 $49.9 $401 $416 $45.9 13.3% 12.2% 2Q24 2Q25 2Q24 2Q25 2Q24 2Q25 • Record Quarterly Revenue for • Higher material costs, including • Net leverage remains at ~0.5
Slide 7: 2025 Guidance
2025 Guidance Full Year Guidance Range Narrowed Previous Revised Comments (April 24, 2025) (July 24, 2025) • Customer production schedules remain stable Product Revenues $1.4B – $1.5B $1.43B – $1.5B • Trending higher in-line with improved market sentiment • 11.7% YTD with expected second half improv
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 June 30 Six Months Ended June 30 (Dollars in thousands, except per share data) 2025 2024 2025 2024 Product Revenues $ 375,090 $ 375,683 $ 728,944 $ 731,698 Automotive 363,852 364,002 705,726 708,640 Medical 11,238 11,681 23,218 23,058 Gross Margin 89,7
Slide 12: Select Balance Sheet Data
Select Balance Sheet Data (Dollars in thousands) June 30, 2025 December 31, 2024 Cash and Cash Equivalents $ 128,297 $ 134,134 Total Assets 1,361,401 1,247,556 Debt 209,146 220,201 Current 146 137 Non-Current 209,000 220,064 Revolving LOC Availability 287,970 280,000 Total Liquidity 416,267 414,134
Slide 13: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended June 30 Six Months Ended June 30 (Dollars in thousands) 2025 2024 2025 2024 Net Income $ 477 $ 18,876 $ 349 $ 33,661 Add Back: Depreciation and Amortization 13,058 12,811 25,846 26,391 Income Tax Expense 2,057 9,544 4,26
Slide 14: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Three Months Ended June 30 Six Months Ended June 30 2025 2024 2025 2024 Diluted EPS - As Reported $ 0.02 $ 0.60 $ 0.01 $ 1.06 Amortization of acquisition related intangibles 0.05 0.05 0.10 0.10 Restructuring Expenses, net 0.07 0.08 0.22 0.31 Unrealized Currency Loss (G