Loading viewer...
investor_presentation
Format: PDF investor_presentation
Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFOFirst Quarter 2024 Financial ResultsApril 30, 2024
Ray Scott, President and CEO
Jason Cardew, Senior Vice President and CFOFirst Quarter 2024
Financial ResultsApril 30, 2024Lear Proprietary: The information contained herein is the property of Lear Corporation.
Safe Harbor Statement
2Forward -Looking Statements
Thispresentation contains forward -looking statements within themeaning ofthePrivate Securities Litigation Reform Actof1995,including statements regarding
anticipated financial results andliquidity .Thewords “will,” “may,” “designed to,”“outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,”
“estimates,” “forecasts” andsimilar expressions identify certain ofthese forward -looking statements .TheCompany alsomayprovide forward -looking statements in
oralstatements orother written materials released tothepublic .Allstatements contained orincorporated inthispresentation orinanyother public statements that
address operating performance, events ordevelopments thattheCompany expects oranticipates mayoccur inthefuture areforward -looking statements .Factors
thatcould cause actual results todiffer materially from these forward -looking statements arediscussed intheCompany’s Annual Report onForm 10-Kfortheyear
ended December 31,2023,anditsother Securities andExchange Commission filings .Future operating results willbebased onvarious factors, including actual
industry production volumes, supply chain disruptions, labor disruptions, commodity prices, changes inforeign exchange rates, theimpact ofrestructuring actions
andtheCompany's success inimplementing itsoperating strategy .
Information inthispresentation relies onassumptions intheCompany’s coresales backlog .TheCompany’s coresales backlog reflects anticipated netsales from
formally awarded newprograms lesslostanddiscontinued programs andexcludes theimpact ofnon-coreproducts winding down inourE-Systems business .The
Company enters intocontracts withitscustomers toprovide production parts generally atthebeginning ofavehicle’s lifecycle.Typically, these contracts donot
provide foraspecified quantity ofproduction, andmany ofthese contracts maybeterminated bytheCompany’s customers atanytime.Therefore, these contracts
donotrepresent firmorders .Further, thecalculation ofthecoresales backlog does notreflect customer price reductions onexisting ornewly awarded programs .
Thecore sales backlog may beimpacted byvarious assumptions embedded inthecalculation, including vehicle production levels onnewprograms, foreign
exchange rates andthetiming ofmajor program launches .
Theforward -looking statements inthispresentation aremade asofthedatehereof, andtheCompany does notassume anyobligation toupdate, amend orclarify
them toreflect events, newinformation orcircumstances occurring after thedatehereof .
Non-GAAP Financial Information
This presentation also contains non -GAAP financial information. For additional information regarding the Company’s use of non -GAAP financial information, as well
Preview truncated — download the full document for the complete content.
investor_presentation
27 Pages
investor_presentation
39 Pages
McGrath RentCorp