Agenda 2. Financial Overview Jon Banas | Executive VP and Chief Financial Officer 5. Forward-Looking Statements This presentation also contains estimates and other information that is based on industry publications, surveys, and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. Continued Operating Excellence, Strong Financial Improvement 2023 Key Statistics | --- | --- | |--------------------- ...

NORTHVILLE, Mich., Feb. 15, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the fourth quarter and full year 2023. Fourth Quarter 2023 Summary Sales totaled $673.6 million, an increase of 3.7% compared to fourth quarter 2022 Gross profit totaled $64.7 million, an increase of 19.1% compared to fourth quarter 2022 Net loss of $55.2 million, or $(3.16) per diluted share, reflected an improvement of $32.9 million vs. the fourth quarter 2022 Adjusted EBITDA totaled $27. ...

Sales and Customer Base - In 2023, approximately 84% of Cooper Standard's sales were to OEMs, with Ford and GM being significant customers, accounting for 25% and 17% of sales respectively[22][34] - Sales to the three largest customers, Ford, GM, and Stellantis, represented approximately 55% of total sales for the year ended December 31, 2023, highlighting customer concentration risk[84] - Approximately 78% of the company's sales in 2023 were attributable to products manufactured outside the United States, indicating significant international exposure[86] - 55% of sales were generated in North America, highlighting the company's significant international operations[130] Financial Performance - Total sales for the year ended December 31, 2023, were $2,815,879 thousand, an increase of $290,488 thousand or 11.5% compared to 2022[144] - Gross profit for 2023 was $290,776 thousand, up from $129,791 thousand in 2022, indicating an increase of $160,985 thousand[143] - Operating profit for 2023 was $46,031 thousand, a significant improvement of $151,033 thousand compared to a loss of $105,002 thousand in 2022[143] - The net loss for 2023 was $203,316 thousand, which is an improvement of $14,475 thousand compared to a net loss of $217,791 thousand in 2022[143] Operational Strategy and Innovations - Cooper Standard aims to achieve and sustain double-digit EBITDA margins and strong free cash flow generation as part of its financial strength strategy[25] - The company expects to report its financial results in two segments: Sealing Systems and Fluid Handling Systems, starting from Q1 2024[22] - Cooper Standard's ISG business has been expanded through strategic acquisitions, including Lauren Manufacturing and Lauren Plastics in 2018[23] - The company has developed innovative technologies such as Fortrex™, which offers reduced weight and superior material performance, and has received multiple industry awards for its innovations[29] Research and Development - In 2023, the company spent 3.0% of sales on engineering, research and development, down from 3.2% in 2022 and 3.9% in 2021[48] - The company is strategically integrating digital tools and advanced analysis to enhance product development and sustainability, including a 100% virtual testing capability for certain products[29] Workforce and Safety - The company operates 128 facilities in 21 countries and employs around 23,000 people, including 3,000 contingent workers[22] - As of December 31, 2023, the company employed approximately 23,000 individuals, with a voluntary employee turnover rate of about 15%[56] - The total incident rate for workplace injuries in 2023 was 0.32, indicating a strong focus on employee safety compared to industry peers[58] - The company aims to diversify its workforce, with women representing approximately 40% of total employees and 24% of leadership positions[58] Environmental and Social Responsibility - The company has made efforts to reduce environmental impacts through sustainable sourcing and manufacturing practices[52] - The company was recognized on Newsweek's list of America's Most Responsible Companies for the fifth consecutive year in 2023[60] Risks and Challenges - The company faces significant risks related to inflation, which could adversely affect profit margins and cash flows if pricing adjustments cannot be negotiated[66] - Disruptions in the supply chain could negatively impact operations and financial performance, particularly due to industry-wide parts shortages[68] - The automotive parts industry is highly competitive, with numerous competitors exerting downward pressure on pricing and margins[77] - The company is exposed to risks associated with cybersecurity threats, which could disrupt operations and impact financial performance[71] Debt and Financial Obligations - As of December 31, 2023, the company had total indebtedness of $1,095 million, which could adversely affect its financial condition and ability to obtain future financing[92] - The company faces significant operating and financial restrictions due to covenants in its credit agreements, limiting its ability to incur additional debt or pay dividends[96] - The company incurred a settlement loss of $16.3 million during the year ended December 31, 2023, related to pension plan obligations[103] Pension and Retirement Plans - As of December 31, 2023, the company's U.S. pension plans were underfunded by $14.4 million, and non-U.S. pension plans were underfunded by $92.2 million[101] - The funded status of the plans showed a deficit of $14,356 million for U.S. plans and $92,245 million for Non-U.S. plans, leading to a total deficit of $106,601 million[169] Market Trends and Economic Outlook - Global light vehicle production in 2023 was approximately 90.1 million units, reflecting an increase of about 9.4% compared to 2022[135] - The company expects the Brazilian economy to grow by 1.7% in 2024, influenced by a slowdown in agricultural exports[134] - Economists at the IMF project the U.S. economy to grow by 2.1% in 2024, with consumer confidence trending downward since July 2023[134]

NORTHVILLE, Mich., Feb. 5, 2024 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) expects to release its financial results for the fourth quarter and full year 2023 on Thursday, Feb. 15 after market close. The Company's earnings results will be posted to the Cooper Standard website (https://ir.cooperstandard.com/) once released. Cooper Standard will host a conference call on Friday, Feb. 16 at 9 a.m. ET. The Company's Chairman and Chief Executive Officer Jeffrey Edwards and Chief Financial Officer J ...

NORTHVILLE, Mich., Jan. 30, 2024 /PRNewswire/ -- Cooper Standard (NYSE: CPS) today formally announces its partnership with NIKE, Inc., including a new expansion of its technology licensing agreement. Based on the initial long-term agreement reached in 2021 to license Cooper Standard's Fortrex™ material platform for footwear applications, the new agreement provides NIKE with limited exclusivity to use the Fortrex material for footwear and allows them to develop new applications for use in additional product ...

Agenda 2. 4. 2 You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this presentation, and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. 4 97% World-class Service Green Launch Scorecards 5 | --- | --- | |---------------------------------------------------|- ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q3 2023 Earnings Conference Call November 3, 2023 9:00 AM ET Company Participants Roger Hendriksen - Director of IR Jeff Edwards - Chairman and CEO Jon Banas - EVP and CFO Chris Couch - SVP and CTO Conference Call Participants Michael Ward - Benchmark Operator Good morning, ladies and gentlemen, and welcome to the Cooper-Standard Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded, and the webcast ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission File Number: 001-36127 COOPER-STANDARD HOLDIN ...

| --- | --- | |----------------------------------------------------|-------| | | | | Creating Sustainable Solutions | | | TOGETHER Second Quarter 2023 Earnings Presentation | | | August 4, 2023 | | 1. c 2 This presentation includes "forward-looking statements" within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words "estimate," "expect," "anticipate," "project," "plan," "intend," "believe," "outlook ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET Company Participants Roger Hendriksen - Director of Investor Relations Jeff Edwards - Chairman and Chief Executive Officer Jon Banas - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Ward - Benchmark Brian DiRubbio - Baird Operator Good morning, ladies and gentlemen, and welcome to the Cooper-Standard’s Second Quarter 2023 Earnings Conference Call. During the presenta ...