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Second Quarter 2018 Earnings Call July 26, 2018
July 26, 20182Safe Harbor Statement
Forward -Looking Statements
This presentation contains forward -looking statements within themeaning ofthePrivate Securities Litigation Reform Actof1995 ,including statements regarding anticipated
financial results andliquidity .The words “will,” “may,” “designed to,”“outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” “forecasts” and
similar expressions identify certain ofthese forward -looking statements .The Company also may provide forward -looking statements inoral statements orother written
materials released tothepublic .Allstatements contained orincorporated inthispresentation orinanyother public statements thataddress operating performance, events or
developments thattheCompany expects oranticipates may occur 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 31,2017 ,and itsother Securities and
Exchange Commission filings .Future operating results willbebased onvarious factors, including actual industry production volumes, commodity prices andtheCompany’s
success inimplementing itsoperating strategy .
Information inthispresentation relies onassumptions intheCompany’s sales backlog .The Company’s sales backlog reflects anticipated netsales from formally awarded
new programs less lostanddiscontinued programs .Thecalculation ofthesales backlog does notreflect customer price reductions onexisting ornewly awarded programs .
Thesales backlog may beimpacted byvarious assumptions embedded inthecalculation, including vehicle production levels onnew programs, foreign exchange rates and
thetiming ofmajor program launches .
Theforward -looking statements inthispresentation aremade asofthedate hereof, andtheCompany does notassume anyobligation toupdate, amend orclarify them to
reflect events, new information orcircumstances occurring after thedate hereof .
Non-GAAP Financial Information
This presentation also contains non-GAAP financial information .Foradditional information regarding theCompany’s useofnon-GAAP financial information, aswell as
reconciliations ofnon-GAAP financial measures tothemost directly comparable financial measures calculated and presented inaccordance with accounting principles
generally accepted intheUnited States (“GAAP”), please seeslides titled “Non -GAAP Financial Information” attheendofthispresentation .3Table of Contents
•Second Quarter Financial Results and 2018 Outlook
Jeff Vanneste, SVP and CFO
Ray Scott, President and CEOSecond Quarter Financial Results
Jeff Vanneste, SVP and CFO5Record Second Quarter 2018 Results
2017 2018Sales Core Operating Earnings Adjusted EPS
2017 2018$4.39 $4.95
2017 2018(in millions) (in millions)
Please see appendix for discussion of non -GAAP financial measures, as well as reconciliations of non -GAAP financial measures
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