Attached files
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| 8-K - 8-K - Commercial Vehicle Group, Inc. | d409400d8k.htm |
 WELCOME
CVG ANALYST DAY
SEPTEMBER 2012
Exhibit 99.1 |
 Forward
Looking
STATEMENT
2
2
This presentation contains forward-looking statements that are subject to risks and
uncertainties. These statements often include words such as “believe,”
“expect,” “anticipate,” “intend,” “plan,”
“estimate,” or similar expressions. In particular, this presentation may
contain forward-looking statements about Company expectations for future periods with
respect to the Company’s long-term strategy, acquisition strategy, the Company’s
financial position or other financial information. These statements are based on certain
assumptions that the Company has made in light of its experience in the industry as well as
its perspective on historical trends, current conditions, expected future developments and
other factors it believes are appropriate under the circumstances. Actual results may
differ materially from the anticipated results because of certain risks and uncertainties,
including but not limited to: (i) general economic or business conditions affecting the markets
in which the Company serves; (ii) the Company’s ability to develop or successfully introduce
new products; (iii) risks associated with conducting business in foreign countries and
currencies; (iv) increased competition in the heavy-duty truck market; (v) our failure to
complete or successfully integrate strategic acquisitions; (vi) the impact of changes in
governmental regulations on the Company’s customers or on its business; (vii) the loss of
business from a major customer or the discontinuation of particular commercial vehicle
platforms; (viii) the Company’s ability to obtain future financing due to changes in the
lending markets or its financial position; (ix) the Company’s ability to comply with the
financial covenants in its revolving credit facility; and (x) various other risks as outlined
under the heading “Risk Factors” in the Company’s Annual Report on Form
10-K for fiscal year ending December 31, 2011. There can be no assurance that
statements made in this presentation relating to future events will be achieved. The
Company undertakes no obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes to future operating
results over time. All subsequent written and oral forward-looking statements
attributable to the Company or persons acting on behalf of the Company are expressly qualified
in their entirety by such cautionary statements. |
 ALL
ABOUT Commercial ALL ABOUT Commercial
Vehicle Group, Inc.
Vehicle Group, Inc.
3
3 |
 Introductions
CVG Overview
Strategic Planning
Five-Year Targets
P
Proven
GROWTH
through
STRATEGY
4 |
 5
INTRODUCTIONS
| CVG Leadership |
 CVG
VIDEO
6
VIDEO PRESENTATION |
 A
SUCCESSFUL
Decade
7
7 |
 Heavy Focus on Further Acquisitions
in China, India and Brazil
GROWTH
through
ACQUISITIONS and JV
8
2011
Recent Strategic
Acquisitions, Partnerships
and New Market
Opportunities |
 Our GLOBAL Reach 9
9 |
 Product
DIVERSIFICATION
2011
10
43%
43%
28%
28%
19%
19%
10%
10% |
 Diversified
CUSTOMERS
2011
11
11 |
 End
Market REVIEW 2011 12
|
 FINANCIAL
Review
13 Consecutive
quarters of
adjusted
operating
income
improvements
13
Strong
Momentum |
 STRATEGY
14
14
Let’s Talk About |
 Our
Vision 15 |
 Our
Strategic Objectives: Geographic Diversification
End Market Diversification
Technology Leader
People Development
GROWTH
STRATEGY
16
16
through |
 Seeking Opportunities in:
GEOGRAPHIC
GEOGRAPHIC
Diversification
Diversification
17
17
India
China
Brazil
North America |
 Why
Focus on INDIA and CHINA?
18
18 |
 Production Growth
19
19
Why Focus on INDIA and
CHINA? |
 20
20
Why Focus on INDIA and
CHINA? |
 GEOGRAPHIC
Diversification
Growth in China
21
Revenue in millions |
 *
Acquisitions expedite geographic growth Accelerated Growth in India through
Lessons Learned in China Targeted Revenue Growth in India
GEOGRAPHIC
Diversification
22
Revenue in millions |
 Acquisition EVALUATION
Criteria
Financial Returns and Considerations:
Strongly evaluate the expected five-year macro, industry and target
performance Seek accretion day one
Achieve ROIC hurdles considering appropriate sovereign risk
Evaluation of target’s long-term net working capital and variable cost
structure Score Each Opportunity's Strategic Considerations
Does the target diversify CVG’s geographic foot print
and / or end-market product
offering
Provide enhanced or advanced technology
Increase existing market share / Provide entry into brand new market
Aid in supporting a global customer
Reduce cost / Improve buying power
Offer an exceptional value
Evaluating Green/Brown Field Opportunities in:
Brazil
China
Seeking Exceptional Value in Europe
23
23
•
Target ROIC of mid-teen to low-twenties percentage by year three
|
 TECHNOLOGY Leader
TECHNOLOGY Leader
24 |
 Global Platform Seat –
GSX-3000
25
VIDEO PRESENTATION |
 New
larger lumbar knob The
New
Compact
Series
of
seats
are
suitable
for
a
diverse
range
of
turf
type
tractor
applications
where
space
is
at
a
premium.
Durable
and
robust.
Ideal
for
higher
end
lawn and garden tractors where a suspension seat option is desired.
COMPACT SERIES SEAT
Technology Leader NEW PRODUCTS
26 |
 Impact Resistant
Cladding
Trim Process RIM/MCU
Flooring
Technology Leader NEW PRODUCTS
27
Auxiliary Wire Harness |
 Stylish, strong solution for farmers using
medium duty or large tractors and combine
harvesters
Invictus Air
Admiral CT
Technology Leader NEW PRODUCTS
28
28
Wide Ride II |
 PEOPLE Development
29 |
 Enhanced Succession Planning
Re-emphasized succession planning to identify potential
gaps throughout organization brought from growth and
acquisitions
Leadership Development
Advanced training implemented at all levels
Bench Strength
High potential training program developed for
long-term global growth
Successful internship program
30
30
PEOPLE
PEOPLE
Development
Development
High-level technical talent
Target 25% retention
•
• |
 50%
of all revenue outside of North America No single end market more than 35% of
total revenues
Balance CVG’s customer base across a
variety of markets, products and geographic
regions
Our Five-Year TARGETS
31
31
FIVE-YEAR TARGET -
$1.6B IN REVENUES |
 Organic Growth
India / Brazil Expansion
China
Growth
Acquisitions
Five-Year
TARGET Bridge
$0.83B
$0.83B
$0.18B
$0.18B
$0.10B
$0.10B
$0.20B
$0.20B
$0.35B
$0.35B
$1.6B
$1.6B
Target Revenues
* No market gain or loss assumed
32
2011
Five-Year
Target |
 33
Proven STRATEGY
Proven LEADERSHIP
SUCCESSFUL
Company |
 34
34
APPENDIX |