Cooper-Standard (CPS) Presents At J.P. Morgan Auto Conference - Slideshow

Company Overview - Cooper Standard's 2019 revenue was $3.1 billion, with 53% from North America, 28% from Europe, 16% from Asia, and 3% from South America[4] - The company also has ~$300 million in unconsolidated joint venture revenue[4] - Sealing Systems accounted for $1.5 billion or 51% of the total revenue in 2019[5] - Fuel & Brake Delivery Systems generated $0.7 billion or 25% of the total revenue in 2019[5] - Fluid Transfer Systems contributed $0.6 billion or 20% of the total revenue in 2019[5] Market Position and Strategy - Cooper Standard's 2020 mix is favorably weighted towards trucks/crossovers, which account for 69% of global revenue and 81% of North American revenue[9] - The company is strategically positioned to capitalize on growth trends in trucks and SUVs and is targeting innovation for EVs[22] - Advanced Technology Group has compelling growth opportunities with an estimated ~20% CAGR over the next 5 years[13] Operations and Liquidity - All 15 plants in Asia Pacific have resumed operation, operating at 95% of pre-COVID planned levels[14] - All 21 plants in Europe have resumed operation, operating at ~85% of pre-COVID planned levels[15] - All 35 plants in the Americas have resumed operation, with North America operating at ~85% and South America at ~50% of pre-COVID planned levels[15] - Current ABL availability has increased to ~$125 million as U S and Canadian receivables increase[18] Cost Reduction and Improvement Plan - Actions completed to date in 2020 include divesting Indian Operations, European Rubber FTS Business and 1 plant in Italy, which combined for ~$200 million revenue, ~$(14) million adj EBITDA and ~$(20) million free cash flow[20] - Further actions expected in 2020 include closing 1 additional manufacturing facility and closing/consolidating 1 technical facility, targeting annualized savings >$50 million[20]