Gentex Corporation · NASDAQ:GNTX
Gentex — Investor Day (August 2016)
19 slides from Gentex's investor day presentation, Aug 2, 2016
Slide 1: Analyst and Investor Day
Analyst and Investor Day August 2, 2016 Confidential | ©2016 Gentex Corporation
Slide 2: Safe Harbor
Safe Harbor Safe Harbor for Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this communication that are not purely historical are for
Slide 3: Gentex Corporation - Overview
Gentex Corporation - Overview • Established: 1974 • Core Competencies: – Electronics & Microelectronics – Vision Systems & Cameras – Software Design – Chemistry and Coatings – Automated Assembly – Glass Processing ©2016 Gentex Corporation 3
Slide 4: Gentex Corporation - Overview: Competitive Advantages
Gentex Corporation - Overview • Competitive Advantages: – Distinct Products and Location – Superior Quality – Strong Intellectual Property – Dominant Market Share – Unique Fusion of Technologies ©2016 Gentex Corporation 4
Slide 5: A History of Sustained Growth
A History of Sustained Growth Revenues (in millions) 2016 Forecast 1,600 Global Updated July 22, 2016 - $1,543 Penetration $1.68 - $1.72B 9% 1,400 2001 Global 1,200 IEC Penetration 7.2M Mirrors Shipped 4% 39.3% Gross Margin 26% 1,000 26.4% Operating Margin 1,700 Employees 800 OEC 79% Market Share (E
Slide 6: Annual Price Reductions and Content Growth
Annual Price Reductions and Content Growth • If APRs continued at historical levels, without content growth … – APRs would have dropped ASPs from mid 40’s to the mid 20’s • Gentex maintains ASP through content growth • Growing volumes opens up the door for more content growth 60 50 Actual ASP 40 30
Slide 7: Adding Content and Increasing Volumes
Adding Content and Increasing Volumes $1,600 $1,400 Revenues (MM) $1,200 + Revenues from Content Growth $1,000 $800 Revenues using Theoretical ASPs and Actual Volume Growth $600 $400 $200 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 ©2016 Gentex Corporation 7
Slide 8: SmartBeam®
SmartBeam® • Proprietary Gentex-designed CMOS imagers, hardware solutions, and software algorithms combine to create industry-leading lighting control systems • Mirror-integrated for optimal performance and packaging • Gen 4 imager provides increased functionality: – Auto High Beam – Dynamic Forward
Slide 9: HomeLink®
HomeLink® Control. At your fingertips. • Vehicle-to-Home Automation – Garage door openers and gates Consumer Research in China shows: – Security systems • 74% of car owners are interested in – Home lighting and automation purchasing a remote controlled parking barrier • Creating a new market in Chin
Slide 10: HomeLink® Next Generation Functionality
HomeLink® Next Generation Functionality • Additional Bluetooth Smart (BLE) functionality: – Simple SmartPhone App Integration – Enhanced Training of GDO Remote – Software Updates – Re-programmable, Location Based, Buttons • Home automation, text messages, e-mail… ©2016 Gentex Corporation 10
Slide 11: HomeLink® Commercial
HomeLink® Commercial https://www.youtube.com/watch?v=6Ssal5w8FTw ©2016 Gentex Corporation 11
Slide 12: Full Display Mirror
Full Display Mirror • Enhanced rearward visibility • Dual modes: – Mirror Mode – Display Mode • Proprietary high dynamic range imager • Custom camera integration options • Full system supplier – camera and display ©2015 Gentex Corporation 12
Slide 13: Integrated Toll Module™ (ITM™)
Integrated Toll Module™ (ITM™) Seamless Toll Collection Technology for Vehicles • Single hardware/software solution provides access to all US tolling protocols • Applications: – Traditional toll roads / HOT Lanes – Traffic flow monitoring – Airports and bridges – Parking garages – Gated communities
Slide 14: Integrated Toll Module™ (ITM™)
Integrated Toll Module™ (ITM™) Works with every major US tolling system All US toll roads (current & future) will have readers that read one or more of the protocols within the ITM. Confidential | ©2016 Gentex Corporation 14
Slide 15: Integrated Toll Module™ (ITM™)
Integrated Toll Module™ (ITM™) https://www.youtube.com/watch?v=4lkkBvhwmW0 ©2016 Gentex Corporation 15
Slide 16: 2016 and 2017 Forecasts
2016 and 2017 Forecasts Based off of IHS Estimates Revenues (in millions) Updated 2017 Forecast $1.78 - $1.89B 2,000 Updated 2016 Forecast 1,800 $1.68 - $1.72B 1,600 2015 Actuals $1.543B 1,400 1,200 1,000 800 600 400 200 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20
Slide 17: Other Products and Features
Other Products and Features A Strategic Module for Content and Feature Delivery • Unique, value-added, safety- related, priceable features, including: – Glare Management – Displays – Sensors & Transceivers – Telematics – Driver Interfaces – Microphones – Lighting and Signals – Rear Vision Systems ©2
Slide 18: Multi-Market Products and Technology
Multi-Market Products and Technology ©2016 Gentex Corporation 18
Slide 19: Thank You!
Thank You! ©2016 Gentex Corporation 19