Gentex : Investor Overview Q3 2024

GNTX

GROWTH OVER MARKET

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

1

O C T 2 5 , 2 0 2 4

2023 PERFORMANCE

$2.3B

$266.9M

$183.7M

Revenue

Operating Expenses

Capital Expenditures

(E, R&D and S, G&A)

33.2%

15.2%

$93.6M

Gross Margin

Depreciation &

Performance

Annual Tax Rate

Amortization

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

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O C T 2 5 , 2 0 2 4

2024 GUIDANCE

Updated Oct 25, 2024

$2.35 - 2.4B

15 - 15.5%

Revenue

Annual Tax Rate

33.5 - 34%

$150 - 175M

Gross Margin

Capital Expenditures

$295 - 305M

$90 - 95M

Operating Expenses

Depreciation

(E, R&D and S, G&A)

& Amortization

2025 GUIDANCE

Updated Oct 25, 2024

$2.45 - $2.55B Revenue

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

4

O C T 2 5 , 2 0 2 4

BUSINESS ENVIRONMENT IN FLUX

-Light vehicle production declines -Chip shortage

-Supply chain issues -Record inflation -Labor shortage

Global Light Vehicle Volumes

Component +

Component +

Labor Shortages

Labor Shortages

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

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O C T 2 5 , 2 0 2 4

GROWTH THROUGH FEATURES AND VEHICLE CONTENT

2017 95M Vehicles

2023

89.8M Vehicles

2024

88.5M Vehicles

$1.79B Revenue

$2.3B Revenue

$2.35-2.4B Revenue

Global LVP

Revenues

100,000,000

$2,500,000,000

90,000,000

80,000,000

$2,000,000,000

70,000,000

60,000,000

$1,500,000,000

50,000,000

40,000,000

$1,000,000,000

30,000,000

20,000,000

$500,000,000

10,000,000

-

$0

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

Light Vehicle Production

Revenue

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

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O C T

2 5 , 2 0 2 4

IEC AND OEC - DEVELOPING OUR MARKET

Mirror Volume

35,000,000

30,000,000

25,000,000

20,000,000

15,000,000

10,000,000

5,000,000

-

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

IEC

OEC

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

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2 5 ,

2 0 2 4

MARKETSHARE OVER TIME

-Product portfolio - advanced features help "pull" EC onto new vehicles

100%

Market share % of EC Mirror Market

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

8

O C T 2 5 , 2 0 2 4

FDM GAINS

FDM Volume

3000000

2500000

2000000

1500000

1000000

500000

0

2015

2016

2017

2018

2019

2020

2021

2022

2023

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

9

O C T 2 5 , 2 0 2 4

CAPITAL ALLOCATION STRATEGY

-Capital Expenditures

-Dividends - $.48 per share annually

-M&A

-Share Repurchases

G E N T E X Q 3 2 0 2 4 I N V E S T O R P R E S E N T A T I O N

1 0

O C T 2 5 , 2 0 2 4

Disclaimer

Gentex Corporation published this content on November 01, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 01, 2024 at 21:49:57.523.