Cooper Tire & Rubber — Q1 2021 Earnings Presentation
13 slides from Cooper Tire & Rubber's earnings presentation, May 3, 2021
Slide 1: Company Update First Quarter 2021
Company Update First Quarter 2021 May 3, 2021
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: Financial Performance Highlights: Three Months Ended March 31, 2021
Three Months Ended March 31, 2021 Financial Performance Highlights 4 Amounts are unaudited and may not add due to rounding. (millions USD, except EPS) Net Sales by Segment Q1 2021 Q1 2020 Change from Prior Year Americas Tire $ 562 $ 457 23.0% International Tire 139 102 36.1% Eliminations (46) (28) 6
Slide 5: Operating Results Walk Total Company Q1 2020 to Q1 2021
Operating Results Walk Total Company Q1 2020 to Q1 2021 5 Amounts are unaudited and may not add due to rounding. ($ millions) (6) 7 13 29 11 3 2 (11) (9) (1) 38 20 20 O pe ra tin g Lo ss Ra w Ma te ria ls* Pr ice /M ix Vo lu m e Re st ru ct ur in g* * Ma nu fa ct ur in g Pr od uc t L iab ilit y De a
Slide 6: Operating Results Walk Americas Tire Operations Q1 2020 to Q1 2021
Operating Results Walk Americas Tire Operations Q1 2020 to Q1 2021 6 ($ millions) 10 4 15 22 11 2 1 (3) (2) 60 20 20 O pe ra tin g Pr of it Ra w Ma te ria ls* Pr ice /M ix Vo lu m e Re st ru ct ur in g* * Pr od uc t L iab ilit y Ma nu fa ct ur in g SG &A Ot he r 20 21 O pe ra tin g Pr of it $0 $25 $
Slide 7: Operating Results Walk International Tire Operations Q1 2020 to Q1 2021
(10) 3 2 7 2 (1) 3 20 20 O pe ra tin g Lo ss Ra w Ma te ria ls Pr ice /M ix Vo lu m e Ma nu fa ct ur in g SG &A 20 21 O pe ra tin g Pr of it $-20 $-10 $0 $10 Operating Results Walk International Tire Operations Q1 2020 to Q1 2021 7 ($ millions) $5 Net Price/Mix vs. Raw Materials $13 Amounts are unau
Slide 8: CTB Raw Material Price Index North America
1Q 02 1Q 03 1Q 04 1Q 05 1Q 06 1Q 07 1Q 08 1Q 09 1Q 10 1Q 11 1Q 12 1Q 13 1Q 14 1Q 15 1Q 16 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 0 50 100 150 200 250 300 CTB Raw Material Price Index North America 8 Q1 2021 Average = 153.6 Q2 2021 is an estimate
Slide 9: Non-GAAP Measures
Non-GAAP Measures 9 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
Slide 10: Non-GAAP Measures: Return on Invested Capital (ROIC)
Non-GAAP Measures 10 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 e
Slide 11: Non-GAAP Measures: Calculation of Total Invested Capital
Non-GAAP Measures 11 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 March 31, 2021 $ 1,423 $ 309 $ 21 $ 5 $ 1,758 December 31, 2020
Slide 12: Non-GAAP Measures: Trailing Four Quarter Income and Expense Inputs
Non-GAAP Measures 12 Amounts may not add due to rounding. Calculation of Trailing Four Quarter Income and Expense Inputs Quarter-ended: Operating profit as reported Income tax provision (benefit) as reported Income (Loss) before income taxes as reported March 31, 2021 $ 38 $ 9 $ 31 December 31, 2020
Slide 13: Risks
Risks 13 Forward-looking statements include, but are not limited to, statements that relate to, or statements that are subject to risks, contingencies or uncertainties that relate to: • the ability to complete the proposed merger of the company and Goodyear on anticipated terms and timetable; • the