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OFFON

COMMERCIAL VEHICLE GROUP, INC.

(CVGI)
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Q3 2021 Earnings Conference CallDownload (opens in a new window)

11/02/2021 | 04:12pm EST

Q3 2021

Earnings

Presentation

November 2021

W E F I N D A WAY !

Forward-Looking Statements and

Non-GAAP Financial Measures

These slides contain forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe", "anticipate", "plan", "expect", "intend", "will", "should", "could", "would", "project", "continue", "likely", and similar expressions. In particular, these slides may contain forward-looking statements about the Company's expectations for future periods with respect to its plans to improve financial results, the future of the Company's end markets, including the short-term and long-term impact of the COVID-19 pandemic on our business, changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction equipment business, the Company's prospects in the wire harness, warehouse automation and electric vehicle markets, the Company's initiatives to address customer needs, organic growth, the Company's strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment and the Company's financial position or other financial information. These statements are based on certain assumptions (including inflationary pressures and

continued supply chain challenges) that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included in the Company's filings with the SEC. There can be no assurance that statements made in these slides relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.

Q3 2021 Earnings Presentation | 2

Presented by

Harold Bevis

Chris Bohnert

President and

Chief Financial Officer

Chief Executive Officer

and Investor Relations

Q3 2021 Earnings Presentation | 3

Q3 2021 Highlights

Securing new business wins while operating in a difficult supply chain environment

Q3 Net Sales

Q3 Operating Income

Q3 Adj. EBITDA

Q3 Diluted Adj. EPS

YTD Net New

Business Awards

$239.6M $11.4M $16.9M

$0.25

$168M

28%YoY

28%YoY

3%YoY

19%YoY

Annualized

Versus $187.7M

Versus $8.9M

Versus $16.4M

Versus $0.21

Concentrated in

in Q3 2020

in Q3 2020

in Q3 2020

in Q3 2020

Electric Vehicles

Q3 2021 Earnings Presentation | 4

The Road Ahead

Q3 2021 Update

Grow and Diversify

Warehouse Automation

Revenue Mix

Growth

$168M of net new business

Sales on track to meet or

awards 2021 YTD

exceed $150 million

New customers, new

Securing 2022 buildout

products, new programs,

programs

global

Electric & Fuel Cell

Optimizing Service &

Vehicles

Cost Structure

4 new wins in Q3 worth an

Footprint evolution &

expected $28 million in annual

investments to optimize

revenue once fully ramped up

customer service and profits

Q3 2021 Earnings Presentation | 5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CVG - Commercial Vehicle Group Inc. published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 21:10:19 UTC.


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Financials (USD)
Sales 2021 970 M - -
Net income 2021 26,7 M - -
Net Debt 2021 122 M - -
P/E ratio 2021 8,27x
Yield 2021 -
Capitalization 251 M 251 M -
EV / Sales 2021 0,38x
EV / Sales 2022 0,33x
Nbr of Employees 7 200
Free-Float 89,7%
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Technical analysis trends COMMERCIAL VEHICLE GROUP, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 7,61 $
Average target price 16,67 $
Spread / Average Target 119%
EPS Revisions
Managers and Directors
Harold C. Bevis President, Chief Executive Officer & Director
Christopher H. Bohnert Chief Financial Officer
Robert C. Griffin Chairman
Aneezal H. Mohamed Secretary, Vice President-Legal & Compliance
Roger L. Fix Independent Director
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