2025 Second Quarter Results July 24, 2025 Proprietary © Gentherm Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the "Company") pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that address future operating, financial or business performance or strategies or expectations are forward-looking statements. The forward- ...

Core Insights - Gentherm reported second quarter 2025 financial results with delivered revenue of $375 million, including a record for Automotive Climate and Comfort Solutions [1][2] - The company secured over $600 million in new automotive business awards during the quarter, totaling $1 billion year-to-date [1][3] - Full-year guidance for 2025 has been narrowed, with product revenues expected between $1.43 billion and $1.5 billion [5] Financial Performance - Product revenues of $375.1 million decreased by 0.2% from $375.7 million in the prior year, with a 1.6% decrease when excluding foreign currency translation [6] - Automotive revenues decreased by 1.5%, while Medical revenues decreased by 4.8% [6] - Adjusted EBITDA was $45.9 million, representing 12.2% of revenue, down from $49.9 million or 13.3% of revenue in the prior year [6][26] Revenue Breakdown - Automotive Climate and Comfort Solutions revenue increased by 3.8% year-over-year, outperforming S&P Global's light vehicle production report by 10 basis points [6] - The company secured automotive new business awards totaling $620 million, including significant contracts with Ford [6][3] - Revenue from Climate Control Seats was $200 million, showing a slight increase, while Lumbar and Massage Comfort Solutions saw a 14.5% increase [23] Guidance and Strategic Focus - The revised guidance for adjusted EBITDA margin rate is set between 11.7% and 12.5% for the full year 2025 [5] - The company is focused on executing strategic priorities and driving operational efficiencies despite macroeconomic uncertainties [5][3] - Capital expenditures guidance has been reduced to $55 million to $65 million from the previous range of $70 million to $80 million [5] Market Position and Outlook - Gentherm maintains a strong liquidity position with $416 million available, reflecting an increase from the previous year [33] - The company continues to innovate and strengthen customer relationships, contributing to its market leadership in thermal management technologies [3][11] - The overall market sentiment has improved, but the company remains cautious in its operational management due to ongoing uncertainties [5]

Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the "Company") pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that address future operating, financial or business performance or strategies or expectations are forward-looking statements. The forward-looking statements included in this presentation are made as of t ...