Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ 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 001-34365 COMMERCIAL VEHICLE GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware (State or other juris ...

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q2 2023 Earnings Call Transcript August 2, 2023 10:00 AM ET Company Participants Bob Griffin - Chairman, Interim President and CEO Andy Cheung - CFO Conference Call Participants Joe Gomes - NOBLE Capital John Franzreb - Sidoti & Company Gary Prestopino - Barrington Research Operator Good morning, ladies and gentlemen, and welcome to CVG Second Quarter 2023 Earnings Conference Call. During today's presentation, all participants will be in a listen-only mode. Follo ...

2023 Outlook • ● • • ● 11 12 2022 0.13 13 Quarterly Revenues 9.0 9.7 14.1 11.0 253.1 253.0 237.2 224.0 Q3'22 Q4'22 Q2'23 Q1'23 ■Industrial Automation Quarterly Adjusted EBITDA 3.2x 2.7x 2.2x 2.1x 1.8x Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Appendix Non-GAAP Financial Measures The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. The financial results calculated in accordance with GAAP and reconciliati ...

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q1 2023 Earnings Conference Call May 3, 2023 10:00 AM ET Company Participants Harold Bevis - President and Chief Executive Officer Andy Cheung - Executive Vice President and Chief Financial Officer Conference Call Participants Joe Gomes - NOBLE Capital John Franzreb - Sidoti & Company Barry Haimes - Sage Asset Management Gary Prestopino - Barrington Research Associates Steven Martin - Slater Capital Management Operator Good morning, ladies and gentlemen. And welc ...

eve Q1 – 2023 May 3, 2023 Earnings Presentation See slide 17 for use of non-GAAP financial measures. Q1 2023 Wins of ~$85 Million ACT Research and FTR are forecasting 2023 North American Class 8 truck production levels to be between 312,000 and 320,000 trucks. The 2022 actual Class 8 truck builds according to ACT Research was 315,128 units. • Industry forecasts 4% growth in 2023;Compounded annual growth of 4% for 2023-2027. Connectivity Systems and Electric Vehicles The global electric truck market expected ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ 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 ☐ 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 001-34365 COMMERCIAL VEHICLE GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware (State or other juri ...

Financial Data and Key Metrics Changes - The company reported net sales of $235 million for Q4 2022, a 2.6% increase year-over-year, driven by target volume levels and increased pricing [42][69] - Adjusted EBITDA for Q4 2022 was $13.3 million, up from $12.9 million in the prior year, with adjusted EBITDA margins at 5.7% compared to 5.6% in Q4 2021 [71][78] - The company experienced a net loss of $32 million for the quarter, compared to a net income of $2.6 million in the prior period, primarily due to inflationary pressures and special items [72][81] Business Line Data and Key Metrics Changes - Vehicle Solutions segment revenues increased 13% to $142.8 million in Q4 2022, while operating income decreased to $3.7 million due to higher startup costs [73] - Electrical Systems segment revenues rose 23% to $47.1 million, with operating income increasing to $5.4 million, reflecting favorable volume and material cost pass-through [74] - Aftermarket and Accessories segment revenues increased 28% to $34.1 million, with operating income rising to $3.2 million, driven by increased sales volume and pricing [75] Market Data and Key Metrics Changes - The global electric truck market is expected to grow at approximately 30% CAGR from 2023 to 2030, with the company winning new business in this attractive segment [51] - The commercial vehicle aftermarket is projected to grow at a modest 4% in 2023 and beyond, with the company investing in its electric wire harness business [55] - North American Class A truck builds are expected to see slight year-over-year increases, supported by strong demand from top customers [54] Company Strategy and Development Direction - The company is focusing on shifting its revenue mix towards electrification and automation, particularly in the electric vehicle industry, while exiting unprofitable segments [27][64] - A cost reduction program targeting $30 million in savings for 2023 has been initiated, including headcount cuts and process automation [28][34] - The company aims to achieve $1.5 billion in revenue with a 9% adjusted EBITDA margin by 2027, emphasizing a disciplined approach to growth and profitability [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a stronger outlook for the commercial truck market, with improved visibility into the second half of the year [89] - The company anticipates continued modest contributions from the Industrial Automation segment, while expecting significant growth in the Vehicle Solutions segment [39][65] - Management highlighted the importance of focusing on profitable growth areas and managing costs effectively to navigate inflationary pressures [102][106] Other Important Information - The company successfully reduced net debt to $121 million by year-end 2022, exceeding its debt repayment targets [47] - A new e-commerce aftermarket business is nearing launch, aimed at enhancing profitability in the aftermarket segment [50] - The company has secured approximately $150 million in new revenue from new business wins during the full year [48] Q&A Session Summary Question: What is the outlook for the commercial truck market? - Management noted an improved outlook with confirmation from top customers and stronger demand for vehicles [89] Question: How is the new Industrial Automation business progressing? - The company is leveraging existing inventory and launching an e-commerce platform to enhance profitability [91] Question: Where do the price increases stand in relation to inflationary pressures? - Management confirmed that price realizations are now ahead of costs, fully recovering from previous inflationary impacts [102] Question: What is the status of the company's pipeline? - The pipeline is now dominated by electrification and automation, with a focus on profitable growth areas [105] Question: What are the debt repayment expectations for 2023? - Management targets a modest debt repayment of $20 million to $25 million, with plans to generate cash from operations [113]

eve 1.9 Reconciliation of GAAP to Non-GAAP Cash Flow Information Low-cost manufacturing set up for high service, and speed with proprietary digital boards and software The global earth moving vehicle market is expected to increase approximately 4% to 6.15M units in 2023 from 5.92M units in 2022 Beyond 2023, the earth moving vehicle market is expected to grow in the 4-5% range • We expect our legacy business growth rates to be in line with this outlook NA Medium Duty Truck Build ACT Research is forecasting 2 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 or ☐ Transition report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022 COMMERCIAL VEHICLE GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 41-1990662 (State of Incorporation) (I.R.S. Employer Identification No.) 7800 Walton Parkway ...

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q3 2022 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Andy Cheung - EVP & CFO Harold Bevis - President & CEO Conference Call Participants John Franzreb - Sidoti Operator Good morning, ladies and gentlemen, and welcome to CVG's Third Quarter 2022 Earnings Conference Call. During today's presentation, all parties will be on listen-only mode. Following the presentation, the conference will be opened for questions with instructions to foll ...