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Creating Sustainable Solutions TOGETHER Second Quarter 2025 Earnings Presentation August 1, 2025
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2 Agenda Introduction Roger Hendriksen | Director, Investor Relations Second Quarter Summary Jeff Edwards | Chairman and Chief Executive Officer Financial Overview Jon Banas | Executive VP and Chief Financial Officer Strategic Overview and Outlook Jeff Edwards Q & A
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3 Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Our use of words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “outlook”, “guidance”, “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, we cannot assure you that these expectations, beliefs and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements. Among other items, such factors may include: volatility or decline of the Company’s stock price, or absence of stock price appreciation; impacts and disruptions related to the wars in Ukraine and the Middle East; our ability to achieve commercial recoveries and to offset the adverse impact of higher commodity and other costs through pricing and other negotiations with our customers; work stoppages or other labor disruptions with our employees or our customers’ employees; prolonged or material contractions in automotive sales and production volumes; our inability to realize sales represented by awarded business; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured components and raw materials; disruption in our supply base; competitive threats and commercial risks associated with our diversification strategy; possible variability of our working capital requirements; risks associated with our international operations, including changes in laws, regulations, and policies governing the terms of foreign trade such as increased trade restrictions and tariffs; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial amount of indebtedness and rates of interest; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our debt instruments; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of continuous improvement programs and other cost savings plans; significant costs related to manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers’ needs for new and improved products; the possibility that our acquisitions and divestitures may not be successful; product liability, warranty and recall claims brought against us; laws and regulations, including environmental, health and safety laws and regulations; legal and regulatory proceedings, claims or investigations against us; the potential impact of any future public health events on our financial condition and results of operations; the ability of our intellectual property to withstand legal challenges; cyber-attacks, data privacy concerns, other disruptions in, or the inability to implement upgrades to, our information technology systems; the possible volatility of our annual effective tax rate; the possibility of a failure to maintain effective controls and procedures; the possibility of future impairment charges to our goodwill and long-lived assets; our ability to identify, attract, develop and retain a skilled, engaged and diverse workforce; our ability to procure insurance at reasonable rates; and our dependence on our subsidiaries for cash to satisfy our obligations; and other risks and uncertainties, including those detailed from time to time in our periodic reports filed with the securities and exchange commission. You should not place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date of this presentation, and we undertake no obligation to publicly update or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except where we are expressly required to do so by law. This presentation also contains estimates and other information that is based on industry publications, surveys, and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.
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Second Quarter Summary Jeff Edwards, Chairman and CEO
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5 $4m Cost Initiative Savings 100% World-class Quality Green Customer Scorecards 97% World-class Service Green Launch Scorecards 0.26 World-class Safety Total Incident Rate $77m Net New Business Awards Continuing Strong Operating Performance; Cost Savings Being Realized as Planned Q2 2025 Highlights $25m Manufacturing/Purchasing Lean Savings
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6 Further Recognition as Supplier of Choice Continued dedication to operational excellence, business continuity and strong customer partnerships Photo credit © Renault Group - Direction Design Renault Emblème Demo Car
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Financial Overview Jon Banas, Executive VP and CFO
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8 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Sales $ 706.0 $ 708.4 $ 1,373.0 $ 1,384.8 Gross Profit $ 93.1 $ 82.9 $ 170.2 $ 144.6 % Margin 13.2 % 11.7 % 12.4 % 10.4 % Adjusted EBITDA1 $ 62.8 $ 50.9 $ 121.5 $ 80.3 % Margin1 8.9 % 7.2 % 8.8 % 5.8 % Income Tax Expense $ 8.1 $ 8.1 $ 10.8 $ 12.2 Effective Tax Rate % 122.3 % (11.9)% 98.8 % (12.8)% Net (Loss) Income $ (1.4) $ (76.2) $ 0.2 $ (107.9) EPS (Fully diluted) $ (0.08) $ (4.34) $ 0.01 $ (6.16) Adjusted Net Income (Loss)1 $ 1.0 $ (11.3) $ 4.5 $ (41.9) Adjusted EPS (Fully diluted)1 $ 0.06 $ (0.64) $ 0.25 $ (2.39) CAPEX $ 7.8 $ 11.2 $ 25.3 $ 28.1 % of Sales 1.1 % 1.6 % 1.8 % 2.0 % 1 See Appendix for definitions and reconciliation to U.S. GAAP. Financial Results (USD millions, except per share amounts)
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9 (USD millions) Adjusted EBITDA1Sales 1 See Appendix for definitions and reconciliation to U.S. GAAP. 2 Net of customer price adjustments. Includes impact of material cost and inflation recoveries. Totals may not add due to rounding. Q2 2025 Bridge Analysis 2 $0$0
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10 (USD millions) Adjusted EBITDA1Sales 1 See Appendix for definitions and reconciliation to U.S. GAAP 2 Net of customer price adjustments. Includes impact of material cost and inflation recoveries. Totals may not add due to rounding Q2 2025 YTD Bridge Analysis $0$0
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11 Liquidity - June 30, 2025Free Cash Flow1 Cash on hand ABL availability Three Months Ended June 30, 2025 2024 Net cash used in operating activities $ (15.6) $ (12.0) Capital expenditures (7.8) (11.2) Free cash flow $ (23.4) $ (23.3) Continuing Solid Liquidity (USD, millions)(USD, millions) 1 See Appendix for definitions and reconciliation to U.S. GAAP. Note: Numbers may not add due to rounding Current Liquidity Remains Sufficient to Support Ongoing Operations
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Strategic Overview and Outlook Jeff Edwards, Chairman and CEO
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13 Relentless Focus on Our Strategic Imperatives FINANCIAL STRENGTH Execute our business plans achieving and sustaining double-digit EBITDA margins, ROIC and strong free cash flow generation. WORLD-CLASS EXECUTION Attain world-class results across all our business allowing the Company to Be the First Choice of the Stakeholders We Serve. PROFITABLE GROWTH DRIVEN BY INNOVATION Leverage our materials science and product knowledge, innovation and manufacturing expertise across our product groups in the pursuit of organic and inorganic growth. CORPORATE RESPONSIBILITY Deliver value to all our stakeholders through our environmental, social and governance initiatives to ensure the long-term sustainability of the Company.
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14 Sealing Systems: Driving Profitable Growth and Share Gains • Operational excellence delivering financial health and a strong foundation • Harnessing global expertise to propel profitable growth in emerging markets • Leveraging digital transformation and AI to optimize asset utilization • Driving CPV and market share growth through revolutionary innovation
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15 Sealing Systems: Strong Progress Toward Strategic Targets • >$300m new business awards since 2023 with innovations as a strong driver • New launches to continue driving incremental VCM • Further footprint optimization, increasing production in best cost countries • Optimized cost structure significantly improves competitiveness, enabling further growth opportunities and share gains in expanded addressable markets 1 2023 Actuals (reported) included $29M in pricing for 2022 shipments 2 Projections in this column are representative of management's estimates and expectations from the 2025 business plan as prepared in October 2024 and thus may differ from current expectations/guidance. 2
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16 • Filling market whitespace through strategic geographic expansion • Leveraging advantaged global footprint to serve targeted high-growth customers • Capitalizing on growth of the hybrid vehicle market and the launch of key innovations to drive increasing CPV • Driving margin improvement through strategic cost initiatives and continued operational excellence Fluid Handling Systems: Unlocking Our Full Potential
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17 • Booked business drives >360 bps VCM improvement vs 2024 • Pricing discipline and strong launch management support additional margin expansion • Further footprint optimization, increasing production in best cost countries • Relentless focus on controlling fixed costs while still making strategic investments required for growth 1 Projections in this column are representative of management's estimates and expectations from the 2025 business plan as prepared in October 2024 and thus may differ from current expectations/guidance. 1 Fluid Handling Systems: Strong Progress Toward Strategic Targets
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18 2025 Outlook: Continued Operational Excellence, Market Uncertainty Uncertainty around trade policy remains – Potential costs from tariffs – Potential impacts on light vehicle demand – Indirect impact on light vehicle production volumes Confident in our ability to measure and manage the impacts of tariffs – Expect that the vast majority of tariff related costs can be mitigated or recovered from our customers (negotiations largely complete) Underlying demand for new light vehicle production remains solid Confident in our ability to deliver continued year-over-year margin enhancement in the second half of the year
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19 2024 Actuals FY 2025 Updated Guidance1 Key Company Measures Sales $2.73 billion $2.7 - $2.8 billion Adj. EBITDA2 $180.7 million $220 - $250 million Capital Expenditures $50.5 million $45 - $55 million Cash Restructuring $26.5 million $20 - $25 million Net Cash Interest $97.3 million $105 - $115 million Net Cash Taxes $19.1 million $25 - $30 million Light Vehicle Production (Million Units) North America 15.5 14.9 Europe 17.1 16.7 Greater China 30.1 31.2 South America 3.0 3.2 Adjusted EBITDA2 Guidance Bridge Analysis (Estimates Based on Mid-point of Provided Range) 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as presented in this presentation considers July 2025 S&P Global production forecasts for relevant light vehicle platforms and models, customers' planned production schedules and other internal assumptions. 2 Adjusted EBITDA is a non-GAAP financial measure. The Company has not provided a reconciliation of projected adjusted EBITDA to projected net income (loss) because full-year net income (loss) will include special items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Due to this uncertainty, the Company cannot reconcile projected adjusted EBITDA to U.S. GAAP net income (loss) without unreasonable effort. 2025 Outlook: Further Margin Expansion
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Q & A
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Appendix
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22 EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share and free cash flow are measures not recognized under U.S. GAAP and which exclude certain non-cash and special items that may obscure trends and operating performance not indicative of the Company’s core financial activities. Net new business is a measure not recognized under U.S. GAAP which is a representation of potential incremental future revenue but which may not fully reflect all external impacts to future revenue. Management considers EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business to be key indicators of the Company’s operating performance and believes that these and similar measures are widely used by investors, securities analysts and other interested parties in evaluating the Company’s performance. In addition, similar measures are utilized in the calculation of the financial covenants and ratios contained in the Company’s financing arrangements and management uses these measures for developing internal budgets and forecasting purposes. EBITDA is defined as net income (loss) adjusted to reflect income tax expense (benefit), interest expense net of interest income, depreciation and amortization, and adjusted EBITDA is defined as EBITDA further adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted net income (loss) is defined as net income (loss) adjusted to reflect certain items that management does not consider to be reflective of the Company’s core operating performance. Adjusted EBITDA margin is defined as adjusted EBITDA as a percentage of sales. Adjusted basic and diluted earnings (loss) per share is defined as adjusted net income (loss) divided by the weighted average number of basic and diluted shares, respectively, outstanding during the period. Free cash flow is defined as net cash provided by operating activities minus capital expenditures and is useful to both management and investors in evaluating the Company’s ability to service and repay its debt. Net new business reflects anticipated sales from formally awarded programs, less lost business, discontinued programs and replacement programs and is based on S&P Global (IHS Markit) forecast production volumes. The calculation of “net new business” does not reflect customer price reductions on existing programs and may be impacted by various assumptions embedded in the respective calculation, including actual vehicle production levels on new programs, foreign exchange rates and the timing of major program launches. When analyzing the Company’s operating performance, investors should use EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business as supplements to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, and not as an alternative to cash flow from operating activities as a measure of the Company’s liquidity. EBITDA, adjusted EBITDA, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business have limitations as analytical tools and should not be considered in isolation or as substitutes for analysis of the Company’s results of operations as reported under U.S. GAAP. Other companies may report EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss), adjusted earnings (loss) per share, free cash flow and net new business differently and therefore the Company’s results may not be comparable to other similarly titled measures of other companies. In addition, in evaluating adjusted EBITDA and adjusted net income (loss), it should be noted that in the future the Company may incur expenses similar to or in excess of the adjustments in the below presentation. This presentation of adjusted EBITDA and adjusted net income (loss) should not be construed as an inference that the Company’s future results will be unaffected by special items. Reconciliations of EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted net income (loss) and free cash flow follow. Non-GAAP Financial Measures
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23 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net (loss) income attributable to Cooper-Standard Holdings Inc. $ (1,401) $ (76,243) $ 151 $ (107,903) Income tax expense 8,081 8,080 10,784 12,211 Interest expense, net of interest income 28,712 28,635 57,331 57,916 Depreciation and amortization 24,521 25,873 48,349 52,336 EBITDA $ 59,913 $ (13,655) $ 116,615 $ 14,560 Restructuring charges 2,852 17,781 4,963 18,914 Gain on sale of businesses, net (1) — — (98) — Pension settlement charge (2) — 46,787 — 46,787 Adjusted EBITDA $ 62,765 $ 50,913 $ 121,480 $ 80,261 Sales $ 705,973 $ 708,362 $ 1,373,042 $ 1,384,787 Net (loss) income margin (Net (loss) income/sales) (0.2)% (10.8)% — % (7.8)% Adjusted EBITDA margin (Adjusted EBITDA/sales) 8.9 % 7.2 % 8.8 % 5.8 % (Unaudited, dollar amounts in thousands) EBITDA and Adjusted EBITDA Reconciliation 1. Gain on sale of businesses related to divestiture in 2024. 2. One-time, non-cash pension settlement charge and administrative fees incurred related to the termination of our U.S. Pension Plan in 2024.
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24 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net (loss) income attributable to Cooper-Standard Holdings Inc. $ (1,401) $ (76,243) $ 151 $ (107,903) Restructuring charges 2,852 17,781 4,963 18,914 Gain on sale of businesses, net (1) — — (98) — Pension settlement charge (2) — 46,787 — 46,787 Tax impact of adjusting items (3) (428) 398 (539) 323 Adjusted net income (loss) $ 1,023 $ (11,277) $ 4,477 $ (41,879) Weighted average shares outstanding: Basic 17,882,361 17,564,015 17,797,933 17,513,076 Diluted 17,882,361 17,564,015 18,058,008 17,513,076 (Loss) income per share: Basic $ (0.08) $ (4.34) $ 0.01 $ (6.16) Diluted $ (0.08) $ (4.34) $ 0.01 $ (6.16) Adjusted income (loss) per share: Basic $ 0.06 $ (0.64) $ 0.25 $ (2.39) Diluted $ 0.06 $ (0.64) $ 0.25 $ (2.39) 1. Gain on sale of businesses related to divestiture in 2024. 2. One-time, non-cash pension settlement charge and administrative fees incurred related to the termination of our U.S. Pension Plan in 2024. 3. Represents the elimination of the income tax impact of the above adjustments by calculating the income tax impact of these adjusting items using the appropriate tax rate for the jurisdiction where the charges were incurred and other discrete tax expense. (Unaudited, dollar amounts in thousands except share and per share amounts) Adjusted Net Income (Loss) and Adjusted EPS
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25 Twelve Months Ended June 30, 2025 (Unaudited, dollar amounts in thousands) Twelve Months Ended Q3 2024 Q4 2024 Q1 2025 Q2 2025 June 30, 2025 Net (loss) income attributable to Cooper-Standard Holdings Inc. $ (11,057) $ 40,214 $ 1,552 $ (1,401) $ 29,308 Income tax expense (benefit) 2,861 (38,420) 2,703 8,081 (24,775) Interest expense, net of interest income 29,125 28,598 28,619 28,712 115,054 Depreciation and amortization 25,916 25,313 23,828 24,521 99,578 EBITDA $ 46,845 $ 55,705 $ 56,702 $ 59,913 $ 219,165 Restructuring charges 1,516 3,171 2,111 2,852 9,650 Impairment charges (1) — 713 — — 713 Gain on sale of businesses, net (2) — (1,971) (98) — (2,069) Gain on sale of buildings and land, net (3) — (3,317) — — (3,317) Pension settlement and curtailment credit (4) (2,216) (18) — — (2,234) Adjusted EBITDA $ 46,145 $ 54,283 $ 58,715 $ 62,765 $ 221,908 Debt Debt payable within one year $ 41,789 Long-term debt 1,059,454 Total debt $ 1,101,243 Less: cash and cash equivalents 121,620 Net debt $ 979,623 Leverage ratio (Total debt/TTM Adjusted EBITDA) 5.0 Net leverage ratio (Net debt/TTM Adjusted EBITDA) 4.4 Interest coverage ratio (TTM Adjusted EBITDA/Interest expense) 1.9 Sales $ 685,353 $ 660,753 $ 667,069 $ 705,973 $ 2,719,148 Net (loss) income margin (Net (loss) income/Sales) (1.6)% 6.1 % 0.2 % (0.2)% 1.1 % Adjusted EBITDA margin (Adjusted EBITDA/Sales) 6.7 % 8.2 % 8.8 % 8.9 % 8.2 % Adjusted EBITDA Margin, Financial Ratios 1. Non-cash impairment charges in 2024 related to idle assets in certain locations in Asia Pacific. 2. Gain on sale of businesses related to divestiture in 2024. 3. Gain on sale of building and land related to a Canadian facility. 4. Net pension settlement and curtailment credit related to certain of our U.S. and non-U.S. pension plans.
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26 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net cash used in operating activities $ (15,580) $ (12,013) $ (30,431) $ (26,212) Capital expenditures (7,772) (11,243) (25,315) (28,077) Free cash flow $ (23,352) $ (23,256) $ (55,746) $ (54,289) Free Cash Flow (Unaudited, dollar amounts in thousands)