Cooper Standard : First Quarter 2024 Earnings Call Presentation

Creating Sustainable Solutions

TOGETHER

First Quarter 2024 Earnings Presentation

May 7, 2024

Agenda

Introduction

Roger Hendriksen | Director, Investor Relations

First 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

2

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 variable 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.

3

First Quarter Summary

Jeff Edwards, Chairman and CEO

Q1 2024 Highlights

Continuing Strong Operating Performance; Year-over-year Margin Improvement

97%	96%	39
World-class Quality	World-class Service	World-class Safety
Green Customer Scorecards	Green Launch Scorecards	Plants with 0 Incidents (YTD)

$19m	+300bps	$66m
Manufacturing/Purchasing	Gross Margin Improvement	Net New Business Awards
Lean Savings

5

Ongoing Customer Recognition for Excellence

GM Supplier of the Year for the 7th Year

"Our team is dedicated to consistently delivering world-class solutions that meet or exceed the evolving needs of the mobility industry."

Cooper Standard to Publish its 8th

Corporate Responsibility Report

Committed to Being a Strong Corporate Citizen and Ensuring Long-Term Health of the Business

7

Financial Overview

Jon Banas, Executive VP and CFO

Financial Results

(USD millions, except per share amounts)

		Three Months Ended March 31,
		2024		2023
Sales	$	676.4	$	682.5
Gross Profit	$	61.6	$	41.8
% Margin		9.1 %		6.1 %
Adjusted EBITDA1	$	29.3	$	12.5
% Margin1		4.3 %		1.8 %
Income Tax Expense	$	4.1	$	0.4
Effective Tax Rate %		(15.2)%		(0.3)%
Net Loss	$	(31.7)	$	(130.4)
EPS (Fully diluted)	$	(1.81)	$	(7.57)
Adjusted Net Loss1	$	(30.6)	$	(46.2)
Adjusted EPS (Fully diluted)1	$	(1.75)	$	(2.68)
CAPEX	$	16.8	$	29.3
% of Sales		2.5 %		4.3 %

1 See Appendix for definitions and reconciliation to U.S. GAAP.	9

Q1 2024 Bridge Analysis

(USD millions)

Sales

Adjusted EBITDA1

$0

2

$0

2

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.	10