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 ...

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 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 | --- | --- | --- | |-------------------------------------------------------------------------------------|------------------------------------- ...

Investor Overview September 2022 1 Forward Looking Statements and Non-GAAP Financial Measures CVG 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", "vill", "should", "oould", "project", "continue", "likely", and similar expressions. In particular, this document may contain forward-looking statements about the Company's expectations for future periods with respect to it ...

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q2 2022 Earnings Conference Call August 5, 2022 10:00 AM ET Company Participants Chris Bohnert - CFO Harold Bevis - President and CEO Conference Call Participants John Franzreb - Sidoti Chris Howe - Barrington Research Barry Haimes - Sage Asset Management Operator Good morning, ladies and gentlemen, and welcome to the Commercial Vehicle Group, Inc. Second Quarter 2022 Earnings Call Conference Call. [Operator Instructions] This call is being recorded on Friday, Au ...

PART I FINANCIAL INFORMATION [ITEM 1 – FINANCIAL STATEMENTS](index=3&type=section&id=ITEM%201%20%E2%80%93%20FINANCIAL%20STATEMENTS) Presents unaudited condensed consolidated financial statements for Q2 2022 and 2021, covering operations, balance sheets, cash flows, and detailed notes [Condensed Consolidated Statements of Operations](index=3&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2022 revenues decreased to **$250.8 million** from **$257.9 million**, with net income falling to **$2.5 million** from **$5.1 million** Condensed Consolidated Statements of Operations (in thousands) | Metric | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | **$250,849** | **$257,941** | **$495,223** | **$503,063** | | Gross profit | $21,879 | $34,368 | $47,262 | $65,489 | | Operating income | $6,227 | $16,329 | $14,611 | $31,732 | | **Net income** | **$2,485** | **$5,095** | **$6,467** | **$13,585** | | **Diluted EPS** | **$0.08** | **$0.16** | **$0.20** | **$0.42** | [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) Q2 2022 saw a comprehensive loss of **$2.2 million**, a significant shift from **$6.9 million** comprehensive income in Q2 2021 Condensed Consolidated Statements of Comprehensive Income (Loss) (in thousands) | Metric | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :--- | :--- | :--- | :--- | :--- | | Net income | $2,485 | $5,095 | $6,467 | $13,585 | | Other comprehensive income (loss) | $(4,688) | $1,798 | $(1,576) | $(414) | | **Comprehensive income (loss)** | **$(2,203)** | **$6,893** | **$4,891** | **$13,171** | [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$556.6 million** as of June 30, 2022, with total liabilities rising to **$423.1 million** and stockholders' equity reaching **$133.5 million** Condensed Consolidated Balance Sheets (in thousands) | Metric | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Total current assets | $416,903 | $370,676 | | **Total assets** | **$556,572** | **$507,693** | | Total current liabilities | $192,537 | $162,130 | | **Total liabilities** | **$423,118** | **$381,040** | | **Total stockholders' equity** | **$133,454** | **$126,653** | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities improved to **$4.5 million** for H1 2022, with **$8.7 million** from financing and **$8.6 million** used in investing Six Months Ended Cash Flows (in thousands) | Metric | June 30, 2022 | June 30, 2021 | | :--- | :--- | :--- | | Net cash used in operating activities | $(4,507) | $(24,812) | | Net cash used in investing activities | $(8,616) | $(6,909) | | Net cash provided by financing activities | $8,659 | $22,241 | | **Net decrease in cash** | **$(6,458)** | **$(9,532)** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Details strategic reorganization into four segments, credit facility amendment, revenue by product line, fair value, lease obligations, and restructuring initiatives - The company reorganized into **four new segments** in Q4 2021: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories[93](index=93&type=chunk) - The Credit Agreement was amended on May 12, 2022, increasing the term loan to **$175 million** and revolving credit to **$150 million**, extending maturity to May 12, 2027[33](index=33&type=chunk)[35](index=35&type=chunk) - A restructuring program approved in November 2021 aims to align cost structure and support margin expansion, with expected costs between **$4.6 million** and **$6.0 million**[84](index=84&type=chunk) Revenues by Segment (Three Months Ended June 30, in thousands) | Segment | 2022 | 2021 | | :--- | :--- | :--- | | Vehicle Solutions | $142,785 | $130,230 | | Warehouse Automation | $28,547 | $54,324 | | Electrical Systems | $47,345 | $44,195 | | Aftermarket & Accessories | $32,172 | $29,192 | | **Total** | **$250,849** | **$257,941** | [ITEM 2 – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](index=25&type=section&id=ITEM%202%20%E2%80%93%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Q2 2022 revenue declined **2.7%** due to Warehouse Automation, with gross profit margin contracting to **8.7%** amid inflation and supply chain issues, while liquidity reached **$146.3 million** - Senior secured credit facilities were amended to **$325 million** (including **$175M Term Loan A** and **$150M Revolver**), extending maturity to May 12, 2027, for capital flexibility[106](index=106&type=chunk)[108](index=108&type=chunk) - Operations faced impacts from the temporary shutdown of its Ukraine facility and COVID-19 related shutdowns at its Shanghai plant[109](index=109&type=chunk)[111](index=111&type=chunk) Q2 2022 vs Q2 2021 Consolidated Results (in thousands) | Metric | Q2 2022 | Q2 2021 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenues | $250,849 | $257,941 | $(7,092) | (2.7)% | | Gross profit | $21,879 | $34,368 | $(12,489) | (36.3)% | | Net income | $2,485 | $5,095 | $(2,610) | (51.2)% | - Total liquidity as of June 30, 2022, was **$146.3 million**, comprising **$28.5 million** in cash and **$117.8 million** available under the revolving credit facility[176](index=176&type=chunk) [ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](index=34&type=section&id=ITEM%203%20%E2%80%93%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) No material changes in market risk exposure, including interest rate, foreign currency, and commodity price risks, were reported since the 2021 Form 10-K - No material changes in market risk exposure were reported as of June 30, 2022, compared to the 2021 Form 10-K disclosures[189](index=189&type=chunk) [ITEM 4 – CONTROLS AND PROCEDURES](index=34&type=section&id=ITEM%204%20%E2%80%93%20CONTROLS%20AND%20PROCEDURES) Disclosure controls and procedures were effective as of June 30, 2022, with no material changes in internal control over financial reporting during the quarter - Disclosure controls and procedures were deemed effective by the principal executive and financial officers as of June 30, 2022[191](index=191&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter ended June 30, 2022[192](index=192&type=chunk) PART II OTHER INFORMATION [ITEM 1 Legal Proceedings](index=36&type=section&id=ITEM%201%20Legal%20Proceedings) The company is involved in various legal proceedings, but management anticipates no material adverse impact on its financial position or results - The company is involved in various legal proceedings incidental to its business but does not expect the outcomes to have a material adverse impact on its financial condition or results[196](index=196&type=chunk) [ITEM 1A Risk Factors](index=36&type=section&id=ITEM%201A%20Risk%20Factors) Refers to risk factors detailed in the 2021 Form 10-K and other SEC filings, which could materially affect business and financial results - Readers are referred to the 2021 Form 10-K and subsequent SEC filings for comprehensive risk factor disclosures[197](index=197&type=chunk) [ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=ITEM%202%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No unregistered sales of equity securities occurred during the six months ended June 30, 2022 - No unregistered equity securities were sold during the six months ended June 30, 2022[198](index=198&type=chunk) [ITEM 6 Exhibits](index=37&type=section&id=ITEM%206%20Exhibits) Lists exhibits filed with the Form 10-Q, including the Second Amendment to the Credit Agreement and CEO/CFO certifications - Filed exhibits include the Second Amendment to the Credit Agreement and CEO/CFO certifications[204](index=204&type=chunk)

Stifel Cross Sector Insight Conference 1 June 7,2022 Harold Bevis – President & Chief Executive Officer Chris Bohnert- Chief Financial Officer Forward Looking Statementsand 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, this presentat ...

Sidoti Micro Cap Virtual Conference Harold Bevis – President & Chief Executive Officer Chris Bohnert- Chief Financial Officer May 11, 2022 1 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, this press r ...

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Chris Bohnert - Chief Financial Officer Harold Bevis - President and Chief Executive Officer Conference Call Participants John Franzreb - Sidoti & Company Chris Howe - Barrington Research Operator Good morning, ladies and gentlemen and welcome to CVG’s First Quarter 2022 Earnings Conference Call. [Operator Instructions] Following the presentation, the conference will be open for questio ...