Slides
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Fourth Quarter and Full Year 2025 Earnings Presentation Creating Sustainable Solutions TOGETHER February 13, 2026
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2 Agenda Introduction Roger Hendriksen | Director, Investor Relations 2025 Year in Review 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; the effects of the current U.S. government shutdown and its impact on our customers; 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; disruptions in our supply base or our customers’ 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 ourpension 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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2025 Year in Review Jeff Edwards, Chairman and CEO
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Driving Increasing Value for All Our Stakeholders 2025 - Best Operational Performance in Company History 99% World-class Quality Green Customer Scorecards 98% World-class Service Green Launch Scorecards 0.24 World-class Safety Total Incident Rate (TIR) 31 World-class Safety Plants with Perfect TIR of 0 $64m +24% Manufacturing/Purchasing Lean Savings Operating Income Year-over-year Improvement Cost Optimization Restructuring Savings Net New Business Awards Supporting Profitable Future Growth $298m$18m
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6 Performance Wins Recognition..... and New Business Orders https://recognition.ecovadis.com/VzeBTOxUzEOSJv8dfzzkdQ
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Financial Overview Jon Banas, Executive VP and CFO
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8 Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 2025 2024 Sales $ 672.4 $ 660.8 $ 2,740.9 $ 2,730.9 Gross Profit $ 70.2 $ 82.0 $ 327.5 $ 302.9 % Margin 10.4 % 12.4 % 11.9 % 11.1 % Adjusted EBITDA1 $ 34.9 $ 54.3 $ 209.7 $ 180.7 % Margin1 5.2 % 8.2 % 7.6 % 6.6 % Income Tax Benefit $ (33.9) $ (38.4) $ (19.2) $ (23.3) Effective Tax Rate % 110.4 % (2,094.9)% 81.7 % 23.0 % Net Income (Loss) $ 3.3 $ 40.2 $ (4.2) $ (78.7) EPS (Fully diluted) $ 0.18 $ 2.24 $ (0.23) $ (4.48) Adjusted Net Loss1 $ (31.0) $ (2.9) $ (30.9) $ (56.7) Adjusted EPS (Fully diluted)1 $ (1.73) $ (0.16) $ (1.73) $ (3.23) CAPEX $ 11.7 $ 11.5 $ 48.2 $ 50.5 % of Sales 1.7 % 1.7 % 1.8 % 1.8 % 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 2 1 See Appendix for definitions and reconciliation to U.S. GAAP. 2 Net of customer price adjustments. Includes impact of certain customer recoveries related to canceled EV programs. Totals may not add due to rounding. Q4 2025 Bridge Analysis 2 $0$0
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10 (USD millions) Adjusted EBITDA1Sales 2 FY 2025 Bridge Analysis $0$0 1 See Appendix for definitions and reconciliation to U.S. GAAP. 2 Net of customer price adjustments. Includes impact of certain customer recoveries related to canceled EV programs. Totals may not add due to rounding.
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11 Liquidity - December 31, 2025Free Cash Flow1 Cash on hand ABL availability Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net cash provided by operating activities $ 56.2 $ 74.7 $ 64.4 $ 76.4 Capital expenditures (11.7) (11.5) (48.2) (50.5) Free cash flow $ 44.6 $ 63.2 $ 16.3 $ 25.9 Positive Free Cash Flow Performance Adds to Solid Liquidity (millions)(millions) 1 See Appendix for definitions and reconciliation to U.S. GAAP. Current Liquidity Remains Sufficient to Support Ongoing Operations and Service Debt $352.6m
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Jeff Edwards, Chairman and CEO Strategic Overview and Outlook
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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 Consistent Progress Toward Strategic Financial Targets Key Points • Enhanced commercial and supply agreements • Continued focus on cost optimization • Launching higher VCM programs • Adj. EBITDA continues to improve despite the impact of weak production volume and flat revenue • Delivered positive cash flow for past three consecutive years 1 Represents the midpoint of 2026 guidance issued on Feb. 12, 2026 2 Adjusted EBITDA and Free Cash Flow are non-GAAP measures. See appendix for definitions. Margin Expansion Expected to Accelerate in 2026
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15 • Expect to double fluids business over the next 5 years • 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, key innovations to drive increasing CPV • Driving margin improvement through strategic cost initiatives and continued operational excellence Fluid Handling: Unlocking Our Full Potential
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16 • 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 Sealing Systems: Driving Profitable Growth and Share Gains
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17 Leveraging China Strategy to Accelerate Growth • CPS is strategically advantaged to support Chinese OEM growth • Expect to TRIPLE sales to COEMs globally over the next 5 years • Expect to double total Asia Pacific regional sales in the same timeframe
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18 Strong Net New Business Awards1 Driven by Innovation 1 Net New Business is a non-GAAP measure. See appendix for definitions. Consistent with Strategy for Long-term Profitable Growth $298 million net new business awards in 2025 74% related to innovation products 74% on battery electric or hybrid programs 51% from high-growth Chinese OEMs
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19 • Top 10 platforms account for ~45% of planned 2026 revenue • Unweighted average content per vehicle (CPV) across top 10 platforms is ~$190 • Heavily weighted toward high-volume trucks, SUVs and CUVs • 7/10 top platforms include multiple powertrain options (ICE, FHEV, and/or BEV) Trusted Technology Supplier on Key Customer Programs Top 10 platforms and lead vehicle based on expected 2026 CS revenue. Based on S&P Global forecast volumes. Cooper Standard Top Vehicle Platforms for 2026
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20 2026 Outlook: Continued Margin Expansion 2025 Actuals 2026 Initial Guidance1 Key Company Measures Sales $2.74 billion $2.7 - $2.9 billion Adj. EBITDA2 $209.7 million $260 - $300 million Capital Expenditures $48.2 million $55 - $65 million Cash Restructuring $26.4 million $25 - $30 million Net Cash Interest $109.6 million $105 - $115 million Net Cash Taxes $9.0 million $30 - $35 million Light Vehicle Production (Million Units) North America 15.3 15.0 Europe 17.0 16.9 Greater China 33.1 32.7 South America 3.0 3.2 1 Guidance is representative of management's estimates and expectations as of the date it is published. Current guidance as represented in this presentation considers January 2026 S&P Global (IHS Markit) 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. Adjusted EBITDA2 Guidance Bridge Analysis (Estimates Based on Mid-point of Provided Range) EBITDA Margin Expected to Reach Double Digits for the Full Year
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Q & A
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Appendix
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23 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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24 Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net income (loss) attributable to Cooper-Standard Holdings Inc. $ 3,328 $ 40,214 $ (4,165) $ (78,746) Restructuring charges 11,483 3,171 19,981 23,601 Impairment charges (1) 369 713 369 713 Gain on sale of businesses, net (2) — (1,971) (98) (1,971) Gain on sale of buildings and land, net (3) — (3,317) — (3,317) Pension settlement and curtailment charges (credit) (4) 134 (18) 134 44,553 Deferred tax valuation allowance reversal (5) (45,435) (41,507) (45,435) (41,507) Tax impact of adjusting items (6) (846) (137) (1,659) (69) Adjusted net loss $ (30,967) $ (2,852) $ (30,873) $ (56,743) Weighted average shares outstanding: Basic 17,926,252 17,616,787 17,862,433 17,564,012 Diluted 18,735,303 17,992,409 17,862,433 17,564,012 Net income (loss) per share: Basic $ 0.19 $ 2.28 $ (0.23) $ (4.48) Diluted $ 0.18 $ 2.24 $ (0.23) $ (4.48) Adjusted net loss per share: Basic $ (1.73) $ (0.16) $ (1.73) $ (3.23) Diluted $ (1.73) $ (0.16) $ (1.73) $ (3.23) 1. Non-cash impairment charges in 2025 and 2024 related to idle assets in certain locations in Asia Pacific. 2. Gain on sale of businesses related to divestiture in 2024. Gain recognized in 2025 related to final purchase price adjustments associated with the divestiture in 2024. 3. Gain on sale of building and land related to a Canadian facility. 4. Non-cash net pension settlement and curtailment charges (credit) and administrative fees incurred related to certain of our U.S.and non-U.S. pension plans. 5. The deferred tax valuation allowance reversal in 2025 related to net deferred tax assets in France, Spain, and Korea. The deferred tax valuation allowance reversal in 2024 related to net deferred tax assets in Brazil, Poland, and China. 6. 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 Loss and Adjusted Net Loss Per Share
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25 1. Non-cash impairment charges in 2025 and 2024 related to idle assets in certain locations in Asia Pacific. 2. Gain on sale of businesses related to divestiture in 2024. Gain recognized in 2025 related to final purchase price adjustments associated with the divestiture in 2024. 3. Gain on sale of building and land related to a Canadian facility. 4. Non-cash net pension settlement and curtailment charges (credit) and administrative fees incurred related to certain of our U.S. and non-U.S. pension plans. Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net income (loss) attributable to Cooper-Standard Holdings Inc. $ 3,328 $ 40,214 $ (4,165) $ (78,746) Income tax (benefit) expense (33,853) (38,420) (19,205) (23,348) Interest expense, net of interest income 28,731 28,598 114,676 115,639 Depreciation and amortization 24,743 25,313 97,975 103,565 EBITDA $ 22,949 $ 55,705 $ 189,281 $ 117,110 Restructuring charges 11,483 3,171 19,981 23,601 Impairment charges (1) 369 713 369 713 Gain on sale of businesses, net (2) — (1,971) (98) (1,971) Gain on sale of buildings and land, net (3) — (3,317) — (3,317) Pension settlement and curtailment charges (credit) (4) 134 (18) 134 44,553 Adjusted EBITDA $ 34,935 $ 54,283 $ 209,667 $ 180,689 Sales $ 672,371 $ 660,753 $ 2,740,915 $ 2,730,893 Net income (loss) margin (Net income (loss) / sales) 0.5 % 6.1 % (0.2)% (2.9)% Adjusted EBITDA margin (Adjusted EBITDA / sales) 5.2 % 8.2 % 7.6 % 6.6 % (Unaudited, dollar amounts in thousands) EBITDA and Adjusted EBITDA Reconciliation
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26 Quarter Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net cash provided by operating activities $ 56,245 $ 74,722 $ 64,442 $ 76,369 Capital expenditures (11,686) (11,484) (48,192) (50,498) Free cash flow $ 44,559 $ 63,238 $ 16,250 $ 25,871 Free Cash Flow (Unaudited, dollar amounts in thousands)
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27 (Unaudited, dollar amounts in thousands) Adjusted EBITDA Margin, Free Cash Flow and Financial Ratios