Cooper Tire & Rubber — FY2020 Earnings Presentation
17 slides from Cooper Tire & Rubber's earnings presentation, Feb 22, 2021
Slide 1: Company Update Fourth Quarter and Full Year 2020
Company Update Fourth Quarter and Full Year 2020 February 22, 2021 Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains what the Company believes are forward-looking statements related to future financial results and business operations for Cooper Tire & Rubber Company. Actual results may differ materially from current management forecasts and projections as a result o
Slide 3: Available Information
Available Information You can find Cooper Tire on the web at coopertire.com. Our Company webcasts earnings calls and presentations from certain events that we participate in or host on the investor relations portion of our website (http://coopertire.com/investors.aspx). In addition, we also make ava
Slide 4: Three Months Ended December 31, 2020 Financial Performance Highlights
Three Months Ended December 31, 2020 Financial Performance Highlights Amounts are unaudited and may not add due to rounding. (millions USD, except EPS) Net Sales by Segment Q4 2020 Q4 2019 Change from Prior Year Americas Tire $ 629 $ 655 (3.9 %) International Tire 136 119 14.0 % Eliminations (37 ) (
Slide 5: Twelve Months Ended December 31, 2020 Financial Performance Highlights
Amounts may not add due to rounding. (millions USD, except EPS) Net Sales by Segment Full Year 2020 Full Year 2019 Change from Prior Year Americas Tire $ 2,171 $ 2,354 (7.8 %) International Tire 482 534 (9.8 %) Eliminations (131 ) (135 ) (2.7 %) Total Company $ 2,521 $ 2,753 (8.4 %) Operating Profit
Slide 6: Total Company 2019 to 2020
Operating Results Walk Total Company 2019 to 2020 Amounts are unaudited and may not add due to rounding. ($ millions) $57 $145 Net Price/Mix vs. Raw Materials
Slide 7: Americas Tire Operations 2019 to 2020
Operating Results Walk Americas Tire Operations 2019 to 2020 Amounts are unaudited and may not add due to rounding. ($ millions) $42 $130 Net Price/Mix vs. Raw Materials
Slide 8: International Tire Operations 2019 to 2020
Operating Results Walk International Tire Operations 2019 to 2020 ($ millions) $13 Net Price/Mix vs. Raw Materials $16 Amounts are unaudited and may not add due to rounding.
Slide 9: Total Company Q4 2019 to Q4 2020
Operating Results Walk Total Company Q4 2019 to Q4 2020 Amounts are unaudited and may not add due to rounding. ($ millions) $(4) $ — Net Price/Mix vs. Raw Materials * In Q4 2019, the Company recorded $20 million of benefit from duty drawback claims filed for the period 2015-2019 under the Modernized
Slide 10: Americas Tire Operations Q4 2019 to Q4 2020
Operating Results Walk Americas Tire Operations Q4 2019 to Q4 2020 Amounts are unaudited and may not add due to rounding. ($ millions) $ — Net Price/Mix vs. Raw Materials $(12) * In Q4 2019, the Company recorded $20 million of benefit from duty drawback claims filed for the period 2015-2019 under th
Slide 11: International Tire Operations Q4 2019 to Q4 2020
Operating Results Walk International Tire Operations Q4 2019 to Q4 2020 ($ millions) $1 Net Price/Mix vs. Raw Materials $9 Amounts are unaudited and may not add due to rounding.
Slide 12: CTB Raw Material Price Index North America
CTB Raw Material Price Index North America Q4 2020 Average = 144.8 Q1 2021 is an estimate
Slide 13: Non-GAAP Measures
Non-GAAP Measures Non-GAAP financial measures should be considered in addition to, not as a substitute for, other financial measures prepared in accordance with generally accepted accounting principles (“GAAP”). The Company’s methods of determining these non-GAAP financial measures may differ from t
Slide 14: Non-GAAP Measures Return on Invested Capital (ROIC)
Non-GAAP Measures Return on Invested Capital (ROIC) The Company is using non-GAAP financial measures in this document because it considers them to be important supplemental measures of the Company’s performance. The Company believes ROIC provides additional insight for analysts and investors in eval
Slide 15: Non-GAAP Measures Calculation of Total Invested Capital
Non-GAAP Measures Calculation of Total Invested Capital (five quarter average) (millions USD) Equity Long-term debt and finance leases Current portion of long-term debt and finance leases Short-term borrowings Total invested capital December 31, 2020 $ 1,411 $ 314 $ 24 $ 16 $ 1,765 September 30, 202
Slide 16: Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “anticipate,” “believe,” “could,” “design,” “estimate,” “expect,”
Slide 17: Forward-Looking Statements (cont.)
Forward-Looking Statements (cont.) We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our partnership. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they inv