Slide 1: 3Q15 Earnings Release
3Q15 Earnings Release November 3, 2015 TECHNOLOGIES IN MOTION Exhibit 99.2
Slide 2: Forward Looking Statements
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 factors that ma
Slide 3: Sales by Segment – 3Q15 vs 3Q14
Sales by Segment – 3Q15 vs 3Q14 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 71.0 0.4 0.0 71.4 62.8 0.5 0.0 63.3 Med / HD Truck 9.0 47.6 0.0 56.6 8.5 52.9 0.0 61.4 Ag 4.0 0.0 0.0 4.0 4.3 0.0 0.0 4.3 PST / Other 3.0 2.7 24.3 30.0 2.8 1.5 37.0 41.3 TOTAL 87.0 50.7 24.3 162.1 78.4 54.9 37.0 1
Slide 4: Adjusted Sales – 3Q15 vs 3Q14
Adjusted Sales – 3Q15 vs 3Q14 3Q15 3Q14 Increase / Decrease Percent Δ Electronics Segment Trade Sales As Reported 50.7 55.0 (4.3) -7.8% Plus: Constant Foreign Currency Translation ADJ 6.6 - 6.6 ADJ Electronics Segment Sales 57.3 55.0 2.3 4.2% PST Segment Trade Sales As Reported 24.3 37.0 (12.7) -34.
Slide 5: Sales, Gross Profit, & Op Income – 3Q15 vs 3Q14
Sales, Gross Profit, & Op Income – 3Q15 vs 3Q14 SRI excl PST PST PST PPA Total PST SRI SRI SRI 3Q15 3Q14 USD [millions] except per share data Actual Actual ∆ # ∆ % Net Sales 137.8 24.3 - 24.3 162.1 170.3 (8.2) (4.8%) Cost of Materials 72.7 9.9 - 9.9 82.6 84.9 (2.3) (2.7%) Cost of Materials % 52.8% 4
Slide 6: EPS Bridge 3Q14 to 3Q15
PST CD & Elec & Corp Stoneridge, Inc. 3Q14 Actual EPS [ Cont Ops] 0.29 (0.09) 0.03 Sales Volume/FX (0.06) 0.00 (0.04) FX DM Cost (0.04) 0.08 0.03 SGA / FX 0.11 0.01 (0.01) FX Debt 0.00 0.00 0.12 Interest 0.12 0.00 0.01 Tax / Other 0.01 0.00 0.14 SUBTOTAL 0.14 Continuing Operations 0.43 0.01 (0.02) B
Slide 7: Schedule of Unusual Items
Schedule of Unusual Items Values in millions, except EPS 3Q14 3Q15 3Q14 3Q15 $ $ EPS EPS Reported EPS (Continuing Operations) 0.29$ 0.27$ Goodwill PST (5.8) (0.21)$ Noncontrolling Interest PST 1.3 0.05$ Goodwill, Net (4.5) (0.16)$ Bond Redemption Premium 0.5 0.02$ Debt Discount / Deferred Financing
Slide 8: 3Q15 Sales: Market, Region, Segment
44% 35% 15% 6% PassCar Lt Truck Comm'l Vehicle PST Ag / Other 60% 15% 25% North America South America Europe / Asia 54% 31% 15% Control Devices Electronics PST 3Q15 Sales $162.1 M NOTE: D oes not include revenue from India JV 3Q15 Sales: Market, Region, Segment Sales from Continuing Operations SERVE
Slide 9: Strong New Business Awards
Strong New Business Awards 2015 2016 2017 2018 2019 13 - 17% % Range 65 - 69% 6 - 10% 0 - 3% 7 - 11% Expect approximately $98 M in Net New Business in 2016 - 2017 Expect $130M in Net New Business [2015 – 2019] $ millions, excl Wiring 2011 2012 2013 2014 Sales $440 $612 $659 $661 D&D $29 $39 $40 $42
Slide 10: EPS Bridge 2Q15 to 3Q15
PST CD & Elec & Corp Stoneridge, Inc. 2Q15 Actual EPS [ Cont Ops] 0.25 0.01 (0.04) Sales Volume/FX (0.03) (0.01) (0.01) Mix / Direct Material (0.02) 0.03 0.06 SGA / DD / DL Increase / Decrease 0.09 0.00 0.04 Tax / Other 0.04 0.01 0.00 SGA / DD / DL Increase / Decrease 0.01 0.02 (0.02) Tax / Other 0.
Slide 11: Sales by Segment – 3Q15 vs 2Q15
Sales by Segment – 3 Q15 vs 2Q15 CD ELEC PST SRI CD ELEC PST SRI Pass Car / Light Truck 71.0 0.4 0.0 71.4 68.2 0.4 0.0 68.6 Med / HD Truck 9.0 47.6 0.0 56.6 10.3 55.3 0.0 65.6 Ag 4.0 0.0 0.0 4.0 2.3 0.0 0.0 2.3 PST / Other 3.0 2.7 24.3 30.0 3.6 2.2 23.0 28.8 TOTAL 87.0 50.7 24.3 162.1 84.4 57.9 23.0
Slide 12: PST Purchase Price Accounting Expense [Non Cash]
PST Purchase Price Accounting Expense [Non Cash] (millions) 1Q 2Q 3Q 4Q Full Year 2013 1Q 2Q 3Q 4Q Full Year 2014 1Q15 2Q15 3Q15 COGS / Depreciation – Fixed Asset Write Up $0.3 $0.3 $0.3 $0.3 $1.2 $0.3 $0.3 $0.3 $0.2 $1.1 $0.2 $0.2 $0.1 SGA / Amortized Intangibles $1.6 $1.5 $1.0 $1.0 $5.1 $1.2 $1.2
Slide 13: Debt / Net Debt
Debt / Net Debt DEBT LEVERAGE 4.1x 2.8x 2.5x 2.4x 2012 2013 2014 3Q15 Debt Leverage: Continuing Operations excluding PST PPA LTM EBITDA = Op Income + Depreciation + Amortization + Non - Depreciation / Amortization Purchase Accounting 100 175 300 Previous Structure Current Structure CAPITAL STRUCTURE
Slide 14: 2015 Guidance
2015 Guidance Se Existing Guidance FX In Guidance Full Year 2015 usD/BRL 2.70 USD/MXN 14.64 EUR/USD 1.13 UsD/SEK 8.18 28.0% - 30.0% 4.0% - 6.0% $0.77 - $0.92 Gross Margin Operating Margin * Fully Dilluted EPS ** * (excludes 2Q15 Non-cash CEO Retirement Expense $2.2 million) ** (excludes 2Q15 Non-cas
Slide 15: Eoneige
Eoneige