THRM
2024 Baird Global Consumer, Technology & Services Conference
Phil Eyler, President and CEO
Matteo Anversa, Executive Vice President of Finance, Chief Financial Officer and Treasurer
Gentherm, Inc. | June 6, 2024
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, adjusted earnings per share ("Adjusted earnings per share" or "Adjusted EPS"), free cash flow, Net Debt, revenue excluding foreign currency translation, Automotive revenue excluding the impact of non-automotive electronics, one-time benefits from recoveries and retrofits and foreign currency translation, Climate and Comfort revenue excluding the impact of one-time benefits from recoveries and retrofits and foreign currency translation, adjusted operating expenses, each a non-GAAP financial measure. See the Company's earnings release dated April 30, 2024, for the definitions of each non-GAAP financial measure, information regarding why the Company utilizes such non-GAAP measures as supplemental measures of performance or liquidity, and their limitations, and for certain reconciliations of GAAP to non- GAAP historical financial measures.
* See Appendix for certain reconciliations of GAAP to non-GAAP historical financial measures.
Proprietary © Gentherm 2024
Forward-Looking Statement
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 statements that address future operating, financial or business performance or strategies or expectations are forward-looking statements. The forward-looking statements included in this presentation are made as of the date specified herein and are based on management's reasonable expectations and beliefs. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its strategies or expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The forward-looking statements are subject to a number of important assumptions, risks, uncertainties and other factors that may cause actual results or performance to differ materially from that expressed or implied by such statements. For a discussion of these risks and uncertainties and other factors, please see the Company's most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission, including "Risk Factors." In addition, the business outlook discussed in this presentation does not include the potential impact of any business combinations, acquisitions, divestitures, strategic investments and other significant transactions that may be completed after the date hereof, each of which may present material risks to the Company's future business and financial results.
Proprietary © Gentherm 2024
Why Gentherm
01
Pure play leader in thermal management and pneumatic comfort
02
Global automotive market is large with rapidly growing penetration of thermal and pneumatic solutions
03
Unique, innovative,
Consistent execution against
energy efficient and software
strategic plan with financial
driven solutions key to
discipline
vehicles of the future
Poised for high-return growth and outpacing the market
Proprietary © Gentherm 2024 4
Winning at Record Pace
Expanding core thermal
Growing market share in pneumatic
Leading supplier of combined systems
CCS® expanding in each region, including fast growing domestic Chinese OEMs; significant growth in hands-on-detection enabled steering wheel heaters
Won conquest pneumatic lumbar and massage awards with 9 OEMs globally leveraging the Alfmeier acquisition
Won customer programs with combined thermal and pneumatic lumbar / massage solutions
Increasing vehicle content
Leveraging ClimateSense® and WellSenseTM to increase vehicle content, demonstrated by new business wins
Differentiating with software
ClimateSense® software enabling software defined vehicles
Independent partnership model leading to record wins and deeper customer relationships
Proprietary © Gentherm 2024 5
Expansive Climate and Comfort Awards
CCS® Vent
CCS® Heat
ClimateSense®
Software
Heated Surface
CCS® Vent
PCS™ Massage
CCS® Heat
PCS™ Lumbar Support
Multifunction ECU
PCS™ Massage
PCS™ Lumbar Support
BMW: X Series SUVs including: X5 ∙ X6 ∙ X7 ∙ iX5 ∙ iX6 ∙ iX7
General Motors: Truck platform including
Chevrolet Silverado & GMC Sierra
Significant content across flagship platforms
Proprietary © Gentherm 2024 6
First Puls.A™ Massage Award
Combines massage with frequency pulsation
Modular system allows for customization
Lateral and horizontal impact across the back
Recharging and energizing effect for all occupants
Works deeper into muscles at light physical contact
Supports relaxation,
pain relief and counteracts poor posture
Makes the ride a unique wellness experience
Industry's first proprietary pulsating pneumatic massage solution, continuing trajectory of content growth
Proprietary © Gentherm 2024 7
Industry Leading Innovations
ClimateSense®
WellSense™
ComfortScale™
Increasing content per vehicle with differentiated and proprietary solutions; well positioned to capitalize on the software defined vehicles of the future
Proprietary © Gentherm 2024 8
Why Gentherm
01
Pure play leader in thermal management and pneumatic comfort
02
Global automotive market is large with rapidly growing penetration of thermal and pneumatic solutions
03
Unique, innovative,
Consistent execution against
energy efficient and software
strategic plan with financial
driven solutions key to
discipline
vehicles of the future
Poised for high-return growth and outpacing the market
Proprietary © Gentherm 2024 9
Disclaimer
Gentherm Inc. published this content on 06 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 June 2024 16:53:05 UTC.