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8-K - FORM 8-K - GENTEX CORPd727319d8k.htm

Exhibit 99.1

 

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Looking Out For You Confiden2al | ©2014 Gentex Corpora2on 2014 Annual Mee2ng Of Shareholders 15 May 2014


 

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Safe Harbor Safe Harbor for Forward--Looking Statements This annual report contains forward---looking statements within the meaning of the safe harbor provisions of the Private Securi2es Li2ga2on Reform Act of 1995. The statements contained in this communica2on that are not purely historical are forward---looking statements. Forward---looking statements give the Company’s current expecta2ons or forecasts of future events. These forward---looking statements generally can be iden2fied by the use of words such as “an2cipate”, “believe”, “could”, “es2mate”, “expect”, “fore--- cast”, “goal”, “hope”, “may”, “plan”, “project”, “will”, and varia2ons of such words and similar expressions. Such statements are subject to risks and uncertain2es that are oWen difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. These risks and uncertain2es include, without limita2on, changes in general industry or regional market condi2ons; changes in consumer and customer preferences for our products; our ability to be awarded new business; con2nued uncertainty in pricing nego2a2ons with customers; loss of business from increased compe22on; customer bankruptcies or dives2ture of customer brands; fluctua2on in vehicle produc2on schedules; changes in product mix; raw material shortages; higher raw material, fuel, energy and other costs; unfavorable fluctua2ons in currencies or interest rates in the regions in which we operate; costs or difficul2es related to the integra2on of any new or acquired technologies and businesses; changes in regulatory condi2ons; warranty and recall claims and other li2ga2on and customer reac2ons thereto; possible adverse results of pending or future li2ga2on or infringement claims; nega2ve impact of any governmental inves2ga2ons and associated li2ga2ons including securi2es li2ga2ons rela2ng to the conduct of our business; integra2on of the newly acquired HomeLink business opera2ons; reten2on of the newly acquired customers of the HomeLink business; and expansion of product offerings including those incorpora2ng HomeLink technology. Readers are cau2oned not to place undue reliance on these forward---looking statements, which speak only as of the date they are made. The Company undertakes no obliga2on to publicly update or revise any forward---looking statement, whether as a result of new informa2on, future events or otherwise, except as required by law or the rules of the Nasdaq Global Select Market. Accordingly, any forward---looking statement should be read in conjunc2on with the addi2onal informa2on about risks and uncertain2es iden2fied under the heading “Risk Factors” in the Company’s latest Form 10---K and Form 10---Q filed with the SEC. Confiden2al | ©2014 Gentex Corpora2on


 

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Established: 1974 Ownership: GNTX --- NASDAQ Global Select Market Opera<ons: Zeeland, Michigan USA – headquarters and opera2ons; England, Sweden, Germany, Japan, Korea, China – sales and logis2cs Employees: 3,800 + Products: Automo2ve automa2c---dimming rearview mirrors, automo2ve electronics, dimmable aircraW windows, and fire protec2on products 2013 Highlights: > Net Sales : $1.17 Billion – 98% automo2ve > Gross Profit Margin : 36.8% > Net Income: $222.9 million > EPS: $1.55 Q1 2014 Highlights: > Net Sales: $335.7 million +25% > Gross Profit Margin: 39.1% vs. 34.7% in Q1 2013 > Net Income: $68.6 million +51% > EPS: $0.47 vs. $0.32 in Q1 2013 Q2 2014 Guidance Highlights: > Net Sales: +15% --- 20% vs. $287 million in Q2 2013 > Gross Profit Margin: 39% --- 39.5% versus 35.8% in Q2, 2013 Business Update Confiden2al | ©2014 Gentex Corpora2on Gentex&Vehicle&Applications Sep$13 May$14 Inside0Base0Mirror Total0Vehicle0Nameplates 280 299 Inside0Mirror0with0Lighting Total0Vehicle0Nameplates 52 52 Inside0Mirror0with0Compass Total0Vehicle0Nameplates 102 102 Inside0Mirror0with0Microphone Total0Vehicle0Nameplates 44 44 Inside0Mirror0with0Video0Display Total0Vehicle0Nameplates 83 67 Inside0Mirror0with0Camera Total0Vehicle0Nameplates 97 103 Outside0Mirror Total0Vehicle0Nameplates 163 178 HomeLink:00All0Applications Total0Vehicle0Nameplates 101 229


 

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New Products – CMOS Imager New Gentex CMOS Imager – Designed for automo2ve vision High dynamic range Captures scene details despite shadows or bright lights – Mul2ple uses Cameras – New Imager Wafer containing over 500 imagers Confiden2al | ©2014 Gentex Corpora2on


 

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New Products – Enhanced SmartBeam® New Gentex SmartBeam with enhanced feature set: – High---Beam Assist – Dynamic Forward Ligh2ng – Matrix Beam – Village Detec2on – Motorway Detec2on – Tunnel Detec2on – Fog Detec2on – Collision Detec2on Confiden2al | ©2014 Gentex Corpora2on Cameras – New Imager Works with constant---on high---beam systems using dynamic block---out regions and unique ligh2ng pauerns to shine around oncoming and preceding traffic.


 

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New Products – Video Cameras New imager can provide video for: – Rear camera video – Around View Monitor Track---proven by Audi at 2012 Le Mans 24 Hours Race Debuted on Audi e---tron Confiden2al | ©2014 Gentex Corpora2on Cameras – New Imager


 

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New Products --- HomeLink® V New version of HomeLink New features/benefits: – Global solu2on – Vehicle---to---home, two--- way communica2on provides garage door open/close status – Integra2on into vehicle displays Confiden2al | ©2014 Gentex Corpora2on HomeLink


 

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New Products --- HomeLink® V Designs New Accessory and AWermarket versions of HomeLink Bauery---powered module Confiden2al | ©2014 Gentex Corpora2on HomeLink


 

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New Mirror Styling Advanced styling to accent vehicle interiors Confiden2al | ©2014 Gentex Corpora2on Frameless Designs


 

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New Mirror Styling Confiden2al | ©2014 Gentex Corpora2on Frameless Designs Enhanced feature integra2on – displays, buuons, icons, HomeLink, more


 

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Confiden2al | ©2014 Gentex Corpora2on Thank You