2015 Annual Shareholder Meeting May 21, 2015 Safe Harbor Statement - - PowerPoint PPT Presentation

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2015 Annual Shareholder Meeting May 21, 2015 Safe Harbor Statement - - PowerPoint PPT Presentation

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2015 Annual Shareholder Meeting May 21, 2015 Safe Harbor Statement This presentation contains statements that are, or may be deemed to be, forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

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SLIDE 1

May 21, 2015

2015 Annual Shareholder Meeting

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SLIDE 2

Safe Harbor Statement

2

This presentation contains statements that are, or may be deemed to be, forward‐looking statements within the meaning

  • f the Private Securities Litigation Reform Act of 1995. These

forward‐looking statements are subject to various risks and uncertainties, and as a result, actual results may differ materially from those expressed in the forward‐looking

  • statements. These risks and uncertainties are discussed in

further detail in the quarterly and annual SEC filings of the company.

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SLIDE 3

Drive Profitable Growth Simplify Focus

The CTS Strategy

1 2 3

3

  • Exited EMS business
  • Improved cost structure
  • Right‐sizing global

footprint

  • Renewed approach and

reenergized culture

  • Sharpening focus on core

strengths ‐ Sense | Connect | Move

  • Meeting the evolving needs
  • f customers
  • Refreshing brand and

communication approach

  • Continued market driven

new product innovation

  • Investing in global sales

and marketing capabilities

  • Enhancing capabilities in

new geographies

  • Investing in R&D
  • Evaluation of value‐

enhancing external

  • pportunities

Investment Decisions Driven Around SENSE | CONNECT | MOVE

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SLIDE 4

1 SIMPLIFY – Smaller, Leaner, More Profitable

4 ($ millions)

Sales and EPS

$577 $404 $0.64 $0.97

2012 2014

Sales Adj EPS

Footprint

Gross Margin % 20 12 35% 65%

2012 2014

Mfg Plants Best Cost % 21.2% 32.2%

($ millions)

Operating Expenses

$80 $59 $21 $23

2012 2014

SG&A R&D

(% of Sales)

Controllable Working Capital

16.8% 10.3%

2012 2014

CWC %

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SLIDE 5

5 Year Share Performance

5 Base 100

(1/10 – 12/14)

S&P 500 CTS

Smaller company, improved valuation $51 million cash returned to Shareholders

Dividend $23 million Share Buybacks 28 million Total Cash Returned to Shareholders $51 million

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SLIDE 6

Move Sense Connect

2 FOCUS – Diversified Portfolio – Sense | Connect | Move

6

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SLIDE 7

2 FOCUS – Broad Customer Base

7

New European OEM

Medical Light Vehicle Industrial, Defense Communications Industrial, Computer Distribution Light & Commercial Vehicle Computer Industrial

Move Sense Connect

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SLIDE 8

Drive Profitable Growth – New Business Awards

3

8 ($ millions)

$299 $484 $192

2012 2013 2014 2015

Not Reported 1Q Not Reported 2Q‐4Q 1Q YTD

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SLIDE 9

Drive Profitable Growth – Diversify End Markets

3

9

LV/CV I C DA M O LV I M CV C/IT AD LV/CV I C AD M IT/O LV I M CV C/IT AD

SIMPLIFY FOCUS DRIVE PROFITABLE GROWTH

30-50% 20-30% 10-20% 10-20% 10-20% 5-15%

Targeted End Markets

Light Vehicles Industrial Medical Commercial Vehicles Comm./IT Aviation/Defense EMS Divestiture Front End Refocus New Customers Regional Expansion Organic Projects M&A

Legend: AD: Aviation/Defense C: Communications CV: Commercial Vehicles I: Industrial IT: Information Technology LV: Light Vehicles M: Medical O: Others

Organic Growth Innovation M&A

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SLIDE 10

Drive Profitable Growth

3

10

MOVE SENSE CONNECT

Target Growth Rate ~10%, Organic + Inorganic

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SLIDE 11

11

CTS Management Team

Ashish Agrawal Vice President & CFO Bob Patton Vice President, General Counsel & Secretary Albert Vidiella

  • Ex. Director,

Corporate Development Tony Urban Vice President & GM, Sensors & Mechatronics Mark Cassens Vice President & GM, Piezo Electronic Products Mario Saucedo Vice President & GM, Electronic Components Solutions MC Yen Vice President & GM, Electrocomponents OPEN Vice President Human Resources Kieran O’Sullivan Chairman, President & CEO

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SLIDE 12

Responsive Play to Win Solutions Oriented Integrity | Respect | Self Confidence

CTS CORE VALUES

Simplicity

12

CTS VISION

Our Vision is to become a leading provider of sensing and motion devices as well as connectivity components, enabling an intelligent and seamless world.

Moving Forward

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SLIDE 13

13

Summary

Transformation

  • Smaller, more profitable company
  • Speed and industry focus with customer intimacy
  • Strategic clarity, alignment and commitment

Organization

  • Board of Directors
  • New management team
  • Evolving Culture
  • Prudent cost management
  • Ethical

Clear Strategy

  • Simply, focus, drive profitable growth
  • Sense | Connect | Move