Slide 1: Q3 2024 Results
stoneridge.com © 2024 Q3 2024 Results October 31, 2024 Exhibit 99.2
Slide 2: Forward-Looking Statements
stoneridge.com © 2024 Q3 2024 Results 2 Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the
Slide 3: Non-GAAP Financial Measures
stoneridge.com © 2024 Q3 2024 Results 3 Non-GAAP Financial Measures This presentation contains information about the Company’s financial results that is not presented in accordance with accounting principles generally accepted in the United States (“GAAP”). Such non-GAAP financial measures are recon
Slide 4: Q3 2024 Highlights
stoneridge.com © 2024 Q3 2024 Results • Announced MirrorEye availability on Daimler Truck North America’s (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025 • MirrorEye is now standard equipment on certain DAF long-haul trucks and the Volvo FH Aero • As exp
Slide 5: Financial Summary Q3 2024
5stoneridge.com © 2024 Q3 2024 Results Sales Adjusted Gross Profit Adjusted Operating Income Adjusted EBITDA Q2 2024 vs. Q3 2024 Third quarter performance significantly impacted by reduced customer production volumes and non- operating expenses Financial Summary Q3 2024 Key Performance Drivers • Sal
Slide 6: First program awarded for Leak Detection Module in Control Devices
stoneridge.com © 2024 Q3 2024 Results 6 First program awarded for Leak Detection Module in Control Devices on hybrid vehicle platform - situated for growth amid global hybrid vehicle expansion Leak Detection Module First Business Award Leak Detection Module (LDM) Award • New program award with a maj
Slide 7: MirrorEye OEM launches continue
stoneridge.com © 2024 Q3 2024 Results 7 MirrorEye OEM launches continue – becoming standard equipment on multiple OEMs and vehicle platforms MirrorEye OEM Update • Announced MirrorEye will be available on Daimler Truck North America’s (DTNA) new fifth generation Freightliner Cascadia, which begins s
Slide 8: MirrorEye Retrofit & Bus Update
stoneridge.com © 2024 Q3 2024 Results 8 MirrorEye Retrofit & Bus Update Retrofit Update • Announced new MirrorEye fleet partnership with DB Schenker, a global leader in supply chain management and logistics • Piloting 75 units on its North American Fleet with opportunity for full-fleet adoption with
Slide 9: Financial Update
stoneridge.com © 2024 Financial Update
Slide 10: Q3 2024 Financial Highlights
10stoneridge.com © 2024 Q3 2024 Results Q3 2024 Financial Highlights Q3 2024 Reported -$213.8 million Sales $44.6 million 20.9% $44.5 million 20.8% Gross Profit Margin $0.7 million 0.3% $0.3 million 0.1% Operating Income Margin $(0.24)$(0.26)EPS $3.5 million$3.4 million Income Tax Expense $9.2 milli
Slide 11: Q3 Financial Results EBITDA Walk
11stoneridge.com © 2024 Q3 2024 Results Q3 Adjusted EBITDA Non-Operating Expenses Operating FX Impact Q3 Adjusted EBITDA excluding Non-Operating and FX impacts Volume Impact 6 Q3 Financial Results EBITDA Walk Third quarter EBITDA significantly impacted by macroeconomic factors Non-Operating and FX I
Slide 12: Control Devices Performance
12stoneridge.com © 2024 Q3 2024 Results Sales Adj. Operating Income $’s in USD Millions Continued focus on operational excellence and operating cost control to offset production volume headwinds Control Devices Performance 2.2% 2.2% Q2 2024 vs Q3 2024 Q3 2024 Financial Results • Lower sales vs. Q2 2
Slide 13: Electronics Performance
13stoneridge.com © 2024 Q3 2024 Results Sales Adj. Operating Income Q2 2024 vs Q3 2024 $’s in USD Millions Q3 impacted by revenue headwinds Electronics Performance Q3 2024 Financial Results • Q3 sales declined by 11.6% vs Q2 due to continued macroeconomic pressures impacting the commercial vehicle a
Slide 14: Stoneridge Brazil Performance
14stoneridge.com © 2024 Q3 2024 Results Sales Operating Income (Loss) Q2 2024 vs Q3 2024 $’s in USD Millions Positive Q3 performance driven by higher sales in the OEM and aftermarket end markets Stoneridge Brazil Performance Q3 2024 Financial Results • Q3 sales growth of $1.8 million, or 15%, vs. Q2
Slide 15: 2024 Full-Year Guidance Update
stoneridge.com © 2024 Q3 2024 Results 2024 Full-year Previously Provided Guidance (Low-end) Weighted Average End Market Production Volume Impact MirrorEye Aftermarket & Off-Highway Products 2024 Full-year Updated Guidance Range 2024 Full-year Adj. EBITDA Guidance Prev. Provided (Low-end) Q3 Non-oper
Slide 16: Capital Structure & Cash Performance
16stoneridge.com © 2024 Q3 2024 Results Capital Structure & Cash Performance Continued focus on cash performance expected to improve working capital Compliance Leverage Ratio (Adj. Net Debt / TTM EBITDA*) $’s in USD Millions Cash Performance Update • Year-to-date cash performance improved $31.3 mill
Slide 17: Summary
stoneridge.com © 2024 Q3 2024 Results Summary Q3 Summary • Announced significant momentum in MirrorEye applications including OEM program launches, several OEMs making MirrorEye standard equipment on certain platforms and the continued expansion of MirrorEye fleet and bus partnerships • Announced fi
Slide 18: Appendix Materials
stoneridge.com © 2024 Appendix Materials
Slide 19: Balance Sheets
stoneridge.com © 2024 Appendix 19 Balance Sheets December 31, 2023 September 30, 2024(in thousands) (Unaudited) ASSETS Current assets: $ 40,841$ 54,138Cash and cash equivalents 166,545158,529Accounts receivable, less reserves of $845 and $1,058, respectively 187,758176,445Inventories, net 34,24625,3
Slide 20: Income Statement
stoneridge.com © 2024 Appendix 20 Income Statement Nine months ended September 30, Three months ended September 30, 2023202420232024(in thousands, except per share data) $ 746,303$ 690,047$ 238,164$ 213,831Net sales Costs and expenses: 590,538543,459185,689169,340Cost of goods sold 91,46588,83228,11
Slide 21: Statements of Cash Flows
stoneridge.com © 2024 Appendix 21 Statements of Cash Flows 20232024Nine months ended September 30, (in thousands) OPERATING ACTIVITIES: $ (8,207)$ (10,410)Net loss Adjustments to reconcile net loss to net cash provided by (used for) operating activities: 19,80019,695Depreciation 6,0776,812Amortizati
Slide 22: Segment Reporting
stoneridge.com © 2024 Appendix 22 Segment Reporting (A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation. (B) These amounts represent depreciation and amortization on a property,
Slide 23: Reconciliations to US GAAP
stoneridge.com © 2024 Reconciliations to US GAAP
Slide 24: US GAAP Reconciliations
stoneridge.com © 2024 US GAAP Reconciliations US GAAP Reconciliations 24 This document contains information about Stoneridge's financial results which is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reco
Slide 25: Reconciliation of Q3 2024 Adjusted EPS
stoneridge.com © 2024 US GAAP Reconciliations 25 US GAAP Reconciliations Reconciliation of Q3 2024 Adjusted EPS Q3 2024 EPSQ3 2024(USD in millions, except EPS) $ (0.26)$ (7.1)Net Loss 0.010.2Add: After-Tax Business Realignment Costs 0.000.1Add: After-Tax Environmental Remediation Costs $ (0.24)$ (6.
Slide 26: Reconciliation of Adjusted Gross Profit and Operating Income
stoneridge.com © 2024 US GAAP Reconciliations 26 US GAAP Reconciliations Reconciliation of Adjusted Gross Profit Q3 2024Q2 2024(USD in millions) $ 44.5$ 53.7Gross Profit 0.1—Add: Pre-Tax Business Realignment Costs $ 44.6$ 53.7Adjusted Gross Profit Reconciliation of Adjusted Operating Income Q3 2024Q
Slide 27: Reconciliation of Adjusted EBITDA
stoneridge.com © 2024 US GAAP Reconciliations 27 US GAAP Reconciliations Reconciliation of Adjusted EBITDA Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023(USD in millions) $ (3.7)$ 1.9$ (5.6)$ 3.2$ 4.4Income (Loss) Before Tax 3.63.83.63.83.3Interest expense, net 8.88.58.68.48.5Depreciation and amortization $ 8.
Slide 28: Reconciliation of Segment Adjusted Operating Income
stoneridge.com © 2024 US GAAP Reconciliations 28 US GAAP Reconciliations Reconciliation of Control Devices Adjusted Operating Income Q3 2024Q2 2024(USD in millions) $ 2.1$ 3.7Control Devices Operating Income 0.2—Add: Pre-Tax Environmental Remediation Costs $ 2.3$ 3.7Control Devices Adjusted Operatin
Slide 29: Reconciliation of Q3 2024 Adjusted Tax Rate
stoneridge.com © 2024 US GAAP Reconciliations 29 US GAAP Reconciliations Reconciliation of Q3 2024 Adjusted Tax Rate Tax RateQ3 2024(USD in millions) $ (3.7)Loss Before Tax 0.3Add: Pre-Tax Business Realignment Costs 0.2Add: Pre-Tax Environmental Remediation Costs $ (3.2)Adjusted Loss Before Tax (93.
Slide 30: Reconciliation of Adjusted EBITDA for Compliance Calculation
stoneridge.com © 2024 US GAAP Reconciliations 30 US GAAP Reconciliations Reconciliation of Adjusted EBITDA for Compliance Calculation Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023(USD in millions) $ (3.7)$ 1.9(5.6)$ 3.2$ 4.4$ (1.5)Income (Loss) Before Tax 3.63.83.63.83.33.1Interest Expense, net 8.88.58
Slide 31: Reconciliation of Adjusted Cash and Debt for Compliance
stoneridge.com © 2024 US GAAP Reconciliations 31 US GAAP Reconciliations Reconciliation of Adjusted Cash for Compliance Calculation Q3 2024Q2 2024Q1 2024(USD in millions) $ 54.1$ 42.1$ 48.4Total Cash and Cash Equivalents (15.1)(12.5)(14.8)Less: 35% of Cash in Foreign Locations $ 39.0$ 29.6$ 33.6Tota
Slide 32: Stoneridge
stoneridge.com © 2024 Stoneridge @StoneridgeInc StoneridgeGlobal