Q2 2022 Results August 4, 2022 Forward-Looking Statements 2 Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability of suppliers to supply Stoneridge with parts and c ...

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 quarter ended June 30, 2022 Commission file number: 001-13337 STONERIDGE, INC (Exact name of registrant as specified in its charter) Ohio 34-1598949 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377 (Address of ...

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Financial Data and Key Metrics Changes - Adjusted sales for Q1 2022 were $196.6 million, reflecting a 7.5% increase compared to Q4 2021 [9][32] - Adjusted gross margin was 21.1%, with an adjusted operating margin of negative 1.5%, and adjusted EPS was negative $0.27 [9][32] - Adjusted operating margin improved by 260 basis points compared to Q4 2021, primarily due to pricing actions and lower SG&A costs [18][32] Business Line Data and Key Metrics Changes - Control Devices segment reported sales of approximately $85 million, a 6.4% increase from Q4 2021, with an adjusted operating income of $6.8 million [35][36] - Electronics segment sales were approximately $108 million, a 12.2% increase from Q4 2021, with improved adjusted operating loss due to pricing actions [39][40] - Stoneridge Brazil's sales decreased by $2 million or 13.9% compared to Q4 2021, but adjusted operating income improved due to lower direct material costs [42][43] Market Data and Key Metrics Changes - The company experienced improved stability in customer production volumes in passenger vehicle markets and strong performance in commercial vehicle and off-highway markets [15] - The company expects ongoing discussions with customers regarding price increases to offset material costs, indicating a proactive approach to market challenges [11][22] Company Strategy and Development Direction - The company is focused on growth initiatives to drive long-term profitable growth in 2022 and beyond, particularly through the MirrorEye platform [13][30] - Continued investment in electrified drivetrain architectures is planned to drive future growth for the Control Devices segment [38] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges from global supply chain disruptions and rising material costs but expressed optimism about improved financial performance due to pricing actions [8][19] - The company confirmed its full-year revenue and adjusted EPS guidance, raising midpoint margin expectations by 25 basis points [12][34] Other Important Information - The company has successfully offset approximately 90% of incremental supply chain costs through pricing actions agreed upon with customers [10][22] - The company expects to continue to improve margins and reduce margin risk in 2022 due to proactive measures taken in Q1 [23] Q&A Session Summary Question: What is the expectation for MirrorEye revenue in 2022? - Management expressed excitement about the momentum of MirrorEye, indicating that some upside has been incorporated into the guidance while maintaining a broader range to account for potential volatility [57][59] Question: Are supply chain constraints driving commercial momentum in MirrorEye? - Management clarified that supply chain constraints are limiting take rates, but the need for technology to attract drivers is accelerating retrofit activities [60][62] Question: What is the visibility on revenue ramp in the second half of the year? - Management indicated strong forecasted production and demand, with expectations for sequential improvements in revenue driven by both customer forecasts and internal initiatives [64][66] Question: How is the growth split between Electronics and Control Devices? - Management noted that while both segments will grow, the relative growth is expected to be more weighted towards Electronics in the second half of the year [67]

Financial Performance - Adjusted sales for Q1 2022 were $196.6 million, a 7.5% increase compared to Q4 2021[12, 23] - Adjusted gross profit for Q1 2022 was $41.4 million, with a margin of 21.1%, a decrease from Q4 2021's 22.8%[12] - The company offset approximately 90% of incremental material costs in Q1 2022 relative to Q4 2021 through pricing and supply chain actions[12, 13] - Adjusted operating loss for Q1 2022 was $(3.0) million, or (1.5%) operating margin, an increase of 260 bps over Q4 2021[12, 23] - Adjusted EBITDA for Q1 2022 was $4.3 million, representing a 2.2% margin[10, 12] Guidance and Outlook - The company maintains full-year 2022 revenue guidance of $860 million to $900 million[10, 17, 24] - The company maintains adjusted EPS guidance of ($0.15) to $0.10[10, 17, 24] - The company is increasing 2022 adjusted gross, operating, and EBITDA margin guidance by 25 basis points[10, 17, 24, 59] - The company expects incremental tax expense of approximately $2.0 million due to the forecasted geographical mix of earnings[10, 24, 55] MirrorEye - The first OEM MirrorEye program in Europe has an estimated take rate of at least 35% based on year-to-date performance[16] - Maverick is expected to reach a total of 1,000 MirrorEye installations by the end of 2022[16]

For the quarter ended March 31, 2022 Commission file number: 001-13337 STONERIDGE INC (Exact name of registrant as specified in its charter) Ohio 34-1598949 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 39675 MacKenzie Drive, Suite 400, Novi, Michigan 48377 (Address of principal executive offices) (Zip Code) (248) 489-9300 Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Common Shares, without ...

| --- | --- | |-------------------------------|-------| | | | | Full-Year and Q4 2021 Results | | | March 1, 2022 | | Forward-Looking Statements 2 Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements inclu ...

Stoneridge Inc. (NYSE:SRI) Q4 2021 Earnings Conference Call March 1, 2022 9:00 AM ET Company Participants Jon Sandison - Director of FP&A Jonathan DeGaynor - CEO, President & Director Matthew Horvath - CFO & Treasurer Conference Call Participants Justin Long - Stephens Scott Stember - CL King Gary Prestopino - Barrington Research Operator Good day, and thank you for standing by. Welcome to the Stoneridge Fourth Quarter 2021 Conference Call. [Operator Instructions] I would now like to turn the conference ove ...

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 For the fiscal year ended December 31, 2021 Commission file number: 001-13337 STONERIDGE INC (Exact name of registrant as specified in its charter) | Ohio 34-1598949 | | | | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer | | incorporation or organization) | | Identification No.) | | 39675 MacKenzie D ...

Financial Data and Key Metrics Changes - Third quarter sales were $182 million with an adjusted gross margin of 20.2, resulting in an adjusted operating loss of $6.9 million and an adjusted EPS of negative $0.27 [8][12] - Total incremental costs exceeded $11 million in the quarter, with approximately $5 million or 44% offset [9][17] - Adjusted sales excluding divested product lines were approximately $179 million, a decrease of 5.6% compared to the prior quarter [24] Business Line Data and Key Metrics Changes - Control devices third quarter adjusted sales were approximately $85 million, flat relative to the prior quarter, with adjusted operating income of $3 million [26] - Electronics third quarter sales were approximately $84 million, a decrease of 13.8% versus the second quarter, primarily due to OEM production shutdowns [27] - Stoneridge Brazil's third quarter sales increased by $1.4 million or approximately 9% relative to the second quarter, driven by higher demand in OEM product lines [28] Market Data and Key Metrics Changes - The weighted average end market experienced a decline of 7.4% relative to the second quarter, while the company’s sales decline was 5.6% quarter-over-quarter [14] - Fourth quarter production is forecasted to grow by 8.2% according to IHS and LMC, although the company adjusted its guidance based on current customer orders [20][29] Company Strategy and Development Direction - The company is focused on launching its MirrorEye platform and expanding retrofit programs, with significant progress in both OEM and retrofit markets [10][21] - Full year revenue guidance has been reduced to $740 million to $750 million due to limited component availability [12][24] - The company remains committed to long-term profitable growth and efficient capital deployment to drive shareholder value [13][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges impacting material availability, production schedules, and costs [7][22] - The company expects to continue improving its ability to offset incremental costs and is optimistic about future production stability [17][71] - Management remains confident in achieving mid-teen EBITDA margins in the long term despite recent disruptions [40][41] Other Important Information - The appointment of Matt Horvath as Chief Financial Officer was announced, emphasizing his role in advancing the company's strategic objectives [13] - The company is actively negotiating with customers to recover costs related to supply chain disruptions and inflationary pressures [50][51] Q&A Session Summary Question: Supply chain cost mitigation efforts - Management noted that the percentage of costs offset has improved and expects this trend to continue into the next year [39] Question: Long-term EBITDA margin expectations - Management affirmed that the vision for achieving mid-teen EBITDA margins remains intact, although the timeline has been extended due to recent challenges [40][41] Question: Price increases and recovery strategies - Management discussed ongoing negotiations with customers to recover costs and the importance of transparency in these discussions [50][51] Question: Retrofit programs for MirrorEye - Management clarified that both traditional retrofits and pre-wired orders are being pursued, with demand for retrofits increasing due to supply chain constraints [52] Question: Performance in Brazil - Management highlighted the strong performance of Stoneridge Brazil despite macroeconomic challenges, with expectations for continued growth [53] Question: Market projections for Q4 and 2022 - Management expressed skepticism about IHS and LMC projections, indicating a more cautious outlook based on customer orders [61][62]