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2025 J.P . Morgan Auto Conference Bill Presley, President and CEO Jon Douyard, Executive Vice President of Finance, Chief Financial Officer and Treasurer Gentherm, Inc. | August 12, 2025 Proprietary © Gentherm
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Forward-Looking Statements Proprietary © Gentherm 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 the date specified herein and are based on management's reasonable expectations and beliefs. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, third party information and projections from sources that management believes to be reputable, as well as other factors we consider appropriate under the circumstances. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its strategies or expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. The forward- looking statements are subject to a number of significant assumptions, risks, uncertainties (some of which are out of our control) and other factors that may cause actual results or performance to differ materially from that expressed or implied by such statements. For a discussion of these risks and uncertainties and other factors, please see the Company’s earnings release (dated July 24, 2025), most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission, including “Risk Factors.” In addition, the business outlook discussed in this presentation does not include the potential impact of any business combinations, acquisitions, divestitures, strategic investments and other significant transactions that may be completed after the date hereof, each of which may present material risks to the Company’s future business and financial results. Moreover, we operate in a very competitive and rapidly changing environment and new risks emerge from time to time.
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About Gentherm Gentherm is a global market leader of innovative thermal management and pneumatic comfort technologies Key Facts Thermal Management Air Moving Devices Pneumatic Solutions Valve Systems … Enabling industry leading solutions Strong product portfolio with broad market application … Current Industries: Automotive Medical Climate Control Seat, Interiors, and Electronics 67% Medical Solutions 3% Lumbar and Massage Comfort Solutions 12% 7% Valve Systems 11% Other Scaling core technology across multiple end markets to drive profitable growth 2024 Financial Highlights $2.4B Automotive New Business Awards $1.5B Revenue 12.6% Adjusted EBITDA 0.5x Net Leverage 1991 Company Founded Novi, MI Headquarters 14,000+ Employees 13 Countries with operations Select Target Industries: (% of 2024 revenue) Commercial vehicles Two-wheelers Industrial Motion furniture Proprietary © Gentherm 3
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Our Global Reach Well positioned locations with strong manufacturing capabilities Customers in more than 100 different countries worldwide Products in over 1,500 vehicle makes and platforms 425+ issued patents Proprietary © Gentherm 4 Global Footprint and Revenue Distribution % of revenue by region (2024 Revenue ~$1.5B) Gentherm locations 40% NORTH AMERICA 33% EUROPE 12% REST OF ASIA 15% CHINA
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Proprietary © Gentherm 5 Strategic Actions Progress (2Q Update) - Captured awards in commercial vehicles and powersports driven by an expanded focus on adjacent markets - Executed strategic partnership agreement to expand European distribution for Medical business Drive Strategic Profitable Growth - Ongoing deployment of standardized operating system - Conducted 5 manufacturing site visits / operating reviews to drive ops excellence and continuous improvement actions Build Operational Excellence - Strategic footprint realignment remains on track - Progressed M&A funnel build -out aligned with strategic priorities and core technology platforms Achieve Superior Financial Performance
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6 Accelerating value-creation actions to deliver enhanced shareholder returns Continuous improvement mindset to drive margin expansion and solid cash flow conversion Strong financial position with ability to efficiently deploy capital and drive shareholder value Innovative leader uniquely positioned for profitable growth driven by scalable technology platforms and broad market applications Why Gentherm? Proprietary © Gentherm
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Proprietary & Confidential © Gentherm 2024 7
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Use of Non-GAAP Financial Measures Proprietary © Gentherm In addition to the results reported herein in accordance with GAAP, the Company has provided here or may discuss on the related conference call adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”); Adjusted EBITDA margin; adjusted earnings per share (“Adjusted earnings per share” or “Adjusted EPS”); free cash flow; net capital expenditures (“net CAPEX”); Net Debt; liquidity; net leverage ratio (“net leverage”); revenue, segment revenue and product revenue excluding foreign currency translation and other specified gains and losses; and adjusted operating expenses, each a non-GAAP financial measure. See the Company’s earnings release dated July 24, 2025, for the definitions of each non-GAAP financial measure, information regarding why the Company utilizes such non-GAAP measures as supplemental measures of performance or liquidity, and their limitations, and for certain reconciliations of GAAP to non- GAAP historical financial measures.