Loading viewer...
investor_presentation
Format: PDF investor_presentation
Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFOSecond Quarter 2022 Financial Results August 2, 2022
Ray Scott, President and CEO
Jason Cardew, Senior Vice President and CFOSecond Quarter 2022
August 2, 2022Lear 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 31,2021,itsQuarterly Report onForm 10-Qforthequarter ended April 2,2022,anditsother Securities andExchange Commission filings .Future
operating results willbebased onvarious factors, including actual industry production volumes, theimpact oftheongoing COVID -19pandemic andtheUkraine war
ontheCompany’s business andtheglobal economy, supply chain disruptions, commodity prices, theimpact ofrestructuring actions andtheCompany's success in
implementing itsoperating strategy .
Information inthispresentation relies onassumptions intheCompany’s sales backlog .TheCompany’s sales backlog reflects anticipated netsales from formally
awarded newprograms lesslostanddiscontinued programs .TheCompany enters intocontracts withitscustomers toprovide production parts generally atthe
beginning ofavehicle’s lifecycle.Typically, these contracts donotprovide foraspecified quantity ofproduction, andmany ofthese contracts maybeterminated by
theCompany’s customers atanytime.Therefore, these contracts donotrepresent firmorders .Further, thecalculation ofthesales backlog does notreflect
customer price reductions onexisting ornewly awarded programs .Thesales 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
26 Pages
investor_presentation
22 Pages
Olympic Steel
investor_presentation
ABB Ltd