Slide 1: 4Q15 Earnings Release
4Q15 Earnings Release March 1, 2016 TECHNOLOGIES IN MOTION Exhibit 99.2
Slide 2: Forward Looking Statements
2 STONERIDGE 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 statements. Important fa
Slide 3: Sales by Segment – 4Q15 vs 4Q14
STONERIDGE Sales by Segment – 4Q15 vs 4Q14 3 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 66.3 0.3 0.0 66.6 59.4 0.3 0.0 59.7 Med / HD Truck 8.8 49.7 0.0 58.5 8.0 52.9 0.0 60.9 Ag 3.8 0.0 0.0 3.8 4.0 0.0 0.0 4.0 PST / Other 2.8 1.5 21.4 25.7 3.2 3.1 35.9 42.2 TOTAL 81.7 51.5 21.4 154.6 74.
Slide 4: Adjusted Sales – 4Q15 vs 4Q14
STONERIDGE Adjusted Sales – 4Q15 vs 4Q14 4 Increase / 4Q15 4Q14 (Decrease) Pctg Δ Electronics Segment Sales As Reported 51.5 56.3 (4.8) (8.5)% Plus: Constant Foreign Currency Translation Adjustment 4.8 - 4.8 Adjusted Electronics Segment Sales 56.3 56.3 0.0 0.0% PST Segment Sales As Reported 21.4 35.
Slide 5: 4Q15 vs 4Q14 Income Statement Summary
SRI excl PST PST PST PPA Total PST SRI SRI SRI 4Q15 4Q14 USD [millions] except per share data Actual Actual ∆ # ∆ % Net Sales 133.2 21.4 - 21.4 154.6 166.8 (12.2) (7.3%) Cost of Materials 69.8 9.0 - 9.0 78.8 84.7 (5.9) (7.0%) Cost of Materials % 52.4% 42.1% 42.1% 51.0% 50.8% Direct Labor 5.7 1.7 - 1
Slide 6: 4Q14 to 4Q15 EPS Bridge
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 4Q14 Actual EPS [ Cont Ops] (0.92) (0.03) 0.00 PST Deferred Tax Valuation Allowance (0.03) 0.81 0.00 Goodwill Impairment 0.81 0.00 0.34 Debt Extinguishment, net of swap gain 0.34 0.78 0.34 Non - Recurring Item
Slide 7: Schedule of Unusual Items
7 STONERIDGE Schedule of Unusual Items Values in millions, except EPS 4Q14 4Q15 4Q14 4Q15 $ $ EPS EPS Reported EPS (Continuing Operations) $(0.92) $0.22 Goodwill PST 28.0 - $1.04 $0.00 Noncontrolling Interest PST (6.1) - $(0.23) $0.00 Goodwill, Net 21.8 - $0.81 $0.00 PST Tax Valuation Allowance - 1.
Slide 8: 4Q15 Sales: Market, Region, Segment
43% 38% 14% 5% PassCar Lt Truck Comm'l Vehicle PST Ag / Other 57% 14% 29% North America South America Europe / Asia 53% 33% 14% Control Devices Electronics PST 4Q15 Sales $154.6 NOTE: D oes not include revenue from India JV SERVED MARKETS REGIONS BUSINESS SEGMENTS Sales from Continuing Operations ST
Slide 9: Net New Business
Strong New Business Awards 2016 2017 2018 2019 2020 44 - 48% % Range 13 - 17% 4 - 8% 10 - 14% 19 - 23% Expect approximately $109 M in Net New Business in 2016 - 2017 Expect $ 179M in Net New Business [ 2016 – 2020] $ millions, excl Wiring 2011 2012 2013 2014 2015 Sales $440 $612 $659 $661 $645 D&D $
Slide 10: 3Q15 to 4Q15 EPS Bridge
STONERIDGE Continuing EPS Attributable to Stoneridge PST CD & Elec & Corp Stoneridge, Inc. 3Q15 Actual EPS [ Cont Ops] 0.27 (0.03) 0.00 PST Deferred Tax Valuation Allowance (0.03) (0.03) 0.00 Non - Recurring Items (0.03) Continuing Operations 0.24 (0.02) (0.05) Sales Volume/FX (0.07) (0.01) 0.01 Mix
Slide 11: Sales by Segment – 4Q15 vs 3Q15
STONERIDGE Sales by Segment – 4Q15 vs 3Q15 11 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 66.3 0.3 0.0 66.6 71.0 0.4 0.0 71.4 Med / HD Truck 8.8 49.7 0.0 58.5 9.0 47.6 0.0 56.6 Ag 3.8 0.0 0.0 3.8 4.0 0.0 0.0 4.0 PST / Other 2.8 1.5 21.4 25.7 3.0 2.7 24.3 30.0 TOTAL 81.7 51.5 21.4 154.6 87
Slide 12: PST Purchase Price Accounting Expense
(millions) 1Q 2Q 3Q 4Q Full Year 2014 1Q 2Q 3Q 4Q Full Year 2015 COGS / Depreciation – Fixed Asset Write Up $0.3 $0.3 $0.3 $0.2 $1.1 $0.2 $0.2 $0.1 $0.1 $0.6 SGA / Amortized Intangibles $1.2 $1.2 $1.0 $0.8 $4.2 $0.9 $0.9 $0.8 $0.7 $3.3 TOTAL $1.5 $1.5 $1.3 $1.0 $5.3 $1.1 $1.1 $0.9 $0.8 $3.9 1Q 2Q 3Q
Slide 13: Debt / Net Debt
4.1x 2.8x 2.5x 2.3x 2012 2013 2014 2015 DEBT LEVERAGE Debt Leverage: Continuing Operations excluding PST PPA 100 175 300 Previous Structure Current Structure CAPITAL STRUCTURE $275 $300 New Revolving Credit Agreement saves approximately $12 million in Annual Interest 10 17 19 7 14 5 10 11 24 23 29 1
Slide 14: 2016 Guidance
STONERIDGE 2016 GUIDANCE 14 14 * Assumes no reversal of U.S. Tax Valuation Allowance 2016 Guidance * SALES $726 - $736 GROSS MARGIN 25.5% - 28.0% OP MARGIN 5.3% - 7.3% EPS $1.10 - $1.30 EBITDA 8.0% - 11.0% FX RATES 2016 Guidance USD / BRL 3.80 USD / MXN 15.80 EUR / USD 1.10 USD / SEK 8.65
Slide 15: 2016 Guidance: Improvements Over 2015
STONERIDGE 2016 GUIDANCE: IMPROVEMENTS OVER 2015 15 15 2015 2016 E Sales $ millions $736 4.3% 5.3% 2015 2016 E Operating Margin 7.3% 2015 2016 E EPS $1.30 $1.10 $0.82 $726 $645 2015 2016 E Adjusted EPS $0.93 $1.10 $1.30
Slide 16: 16|
16|