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 ...

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 June 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 HOLDINGS IN ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Roger Hendriksen - Director, IR Jeff Edwards - Chairman & CEO Jonathan Banas - EVP & CFO Conference Call Participants Michael Ward - The Benchmark Company Brian DiRubbio - Robert W. Baird Patrick Sheffield - Beach Point Capital Ben Briggs - StoneX Financial Operator Good morning, ladies and gentlemen, and welcome to the Cooper Standard First Quarter 2023 Earnings Conference Call. [Operator ...

☐ 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 HOLDINGS INC. Page ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or 1 PART I. FINANCIAL INFORMATION Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 6. Exhibits 40 SI ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q4 2022 was $27.6 million, or 4.2% of sales, compared to $2 million, or 0.3% of sales in Q4 2021, driven by favorable volume and mix, improved operational efficiency, and lower SGA&E expenses [11][34] - Full year 2022 sales totaled $2.53 billion, an increase of 8.4% versus 2021, primarily due to favorable volume mix and enhanced commercial efforts on cost recoveries, partially offset by unfavorable foreign exchange and the deconsolidation of an Asian joint venture [12][16] - The company incurred a net loss of $171.5 million for the year, or $9.98 per diluted share, compared to an adjusted net loss of $222.3 million, or $13.04 per diluted share in 2021 [14] Business Line Data and Key Metrics Changes - New business awards increased by 32% in 2022 compared to 2021, with significant awards on EV platforms exceeding those on traditional internal combustion engine platforms for the first time [33] - The company recorded a net loss of $88 million in Q4 2022, including noncash asset impairments and restructuring charges, while adjusted net loss was $31.9 million, or $1.85 per diluted share, compared to $50.3 million, or $2.94 per diluted share in Q4 2021 [35] Market Data and Key Metrics Changes - 75% of 2023 global revenue is expected to come from trucks and SUVs, with nearly 90% in North America, benefiting from higher market growth rates and increased content per vehicle [24] - The company expects sales in 2023 to range from $2.6 billion to $2.8 billion, with adjusted EBITDA between $150 million and $175 million, reflecting conservative estimates due to ongoing uncertainties in the industry [18][66] Company Strategy and Development Direction - The company is focused on lean initiatives, manufacturing efficiencies, and optimizing its operating footprint to align with market demand [68] - The strategic focus on light trucks and SUVs positions the company to benefit from global market trends, with expected growth in the truck and SUV segment significantly outpacing passenger cars over the next five years [71] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023, anticipating all four regions to be EBITDA positive, contingent on the completion of ongoing commercial negotiations [53] - The company has significantly reduced its cost structure over the past four years, with cumulative annual operating cost reductions exceeding $480 million, expected to carry forward into 2023 and beyond [21] Other Important Information - The company ended 2022 with total liquidity of $342 million, including cash on hand of $187 million and $155 million available on its revolving credit facility [17] - Cash restructuring in 2023 is estimated at $35 million to $40 million, focusing on rightsizing operations and fixed overhead [42] Q&A Session Summary Question: Will all regions be EBITDA positive in fiscal '23? - Management expects all regions to be EBITDA positive, pending the conclusion of commercial negotiations by the end of Q1 [53] Question: What is the liquidity situation post-refinancing? - Management is comfortable with the current liquidity situation and will provide detailed updates in the Q1 call [56] Question: What percentage of revenue will the footwear manufacturer contribute in 2023? - The footwear deal recorded a guaranteed minimum of around $12 million in Q4 2021, with no significant changes anticipated for 2023 [57] Question: How will working capital impact cash flow in '23? - Management expects working capital to be a source of cash, with better inventory management anticipated due to improved production schedules [91] Question: How much of the $150 million EBITDA benefit is subject to finalizing commercial agreements? - The $150 million includes expectations about ongoing negotiations, but not all agreements are solidified yet [93]

(1) Excludes unamortized debt issuance costs and unamortized original issue discount. 70 Forward Foreign Exchange Contracts – The Company uses forward contracts to mitigate the potential volatility to earnings and cash flow arising from changes in currency exchange rates that impact the Company's foreign currency transactions. The principal currencies hedged by the Company include various European currencies other than the Euro, the Canadian Dollar, the Mexican Peso, and the Brazilian Real. As of December 3 ...

Cooper-Standard Holdings Inc. (NYSE:CPS) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Roger Hendriksen - Director-Investor Relations Jeff Edwards - Chairman & Chief Executive Officer Jon Banas - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Ward - Benchmark Steve Ferazani - Sidoti Joe Farricielli - Cantor Brian DiRubbio - Baird Kirk Ludtke - Imperial Capital Operator Good morning, ladies and gentlemen, and welcome to the Cooper-S ...

Creating Sustainable Solutions TOGETHER Third Quarter 2022 Earnings Presentation November 2, 2022 Agenda 1. Introduction Roger Hendriksen | Director, Investor Relations « | --- | --- | |-------|----------------------------------------------------------------------------| | | | | | Third Quarter Summary Jeff Edwards \| Chairman and Chief Executive Officer | | | Financial Overview Jon Banas \| Executive VP and Chief Financial Officer | | | Full-year Guidance and Strategic Outlook Jeff Edwards | | | Q & A | 2 ...

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, 2022 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 Holdings Inc. (NYSE:CPS) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Roger Hendriksen - Director, IR Jeffrey Edwards - Chairman & CEO Jonathan Banas - EVP & CFO Conference Call Participants Mike Ward - Benchmark Steve Ferazani - Sidoti & Company Brian DiRubbio - Robert W. Baird Joseph Farricielli - Cantor Fitzgerald Alexander Graf - Cowen Operator Good morning, ladies and gentlemen, and welcome to the Cooper-Standard Second Quarter 2022 Earnings Conferenc ...