Stoneridge Strategic Outlook

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Stoneridge

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Industrial

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1965

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#1Stoneridge Deutsche Bank Global Auto Industry Conference June 16, 2022#2Stoneridge Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied by the statements. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the ability of suppliers to supply Stoneridge with parts and components at competitive prices on a timely basis; our ability to achieve cost reductions that offset or exceed customer- mandated selling price reductions; global economic trends, competition and geopolitical risks, including impacts from the ongoing conflict between Russia and Ukraine and the related sanctions and other measures, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries; the impact of COVID-19, or other future pandemics, on the global economy, and on our customers, suppliers, employees, business and cash flows; the reduced purchases, loss or bankruptcy of a major customer or supplier; the costs and timing of facility closures, business realignment or similar actions; a significant change in automotive, commercial, off-highway and agricultural vehicle production; competitive market conditions and resulting effects on sales and pricing; our ability to successfully launch/produce products for awarded business; adverse changes in laws, government regulations or market conditions, including tariffs, affecting our products or customers products; labor disruptions at Stoneridge's facilities or at any of Stoneridge's significant customers or suppliers; fluctuations in the cost and availability of key materials (including semiconductors, printed circuit boards, resin, aluminum, steel and copper) and components and our ability to offset cost increases; the amount of Stoneridge's indebtedness and the restrictive covenants contained in the agreements governing its indebtedness, including its revolving credit facility; customer acceptance of new products; capital availability or costs, including changes in interest rates or market perceptions; the occurrence or non-occurrence of circumstances beyond Stoneridge's control; and the items described in "Risk Factors" and other uncertainties or risks discussed in Stoneridge's periodic and current reports filed with the Securities and Exchange Commission. Important factors that could cause the performance of the commercial vehicle and automotive industry to differ materially from those in the forward-looking statements include factors such as (1) continued economic instability or poor economic conditions in the United States and global markets, (2) changes in economic conditions, housing prices, foreign currency exchange rates, commodity prices, including shortages of and increases or volatility in the price of oil, (3) changes in laws and regulations, (4) the state of the credit markets, (5) political stability, (6) international conflicts and (7) the occurrence of force majeure events. These factors should not be construed as exhaustive and should be considered with the other cautionary statements in Stoneridge's filings with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance; Stoneridge's actual results of operations, financial condition and liquidity, and the development of the industry in which Stoneridge operates may differ materially from those described in or suggested by the forward-looking statements contained in this presentation. In addition, even if Stoneridge's results of operations, financial condition and liquidity, and the development of the industry in which Stoneridge operates are consistent with the forward-looking statements contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. This presentation contains time-sensitive information that reflects management's best analysis only as of the date of this presentation. Any forward-looking statements in this presentation speak only as of the date of this presentation, and Stoneridge undertakes no obligation to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data. Stoneridge does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. 2#3About Stoneridge Founded 1965 NYSE: SRI 2026 5-year Revenue CAGR* ~9% + Manufacturing locations on 4- continents -85%- Drivetrain agnostic portion of targeted 2025 sales *Based on mid-point 2022 revenue guidance and long-term revenue targets provided in fourth quarter 2021 earnings call of $1.0 billion in 2023 and $1.25 billion+ in 2026 **The Company defines backlog as the estimated cumulative awarded sales for the next five years (or "estimated sourced future sales"). Backlog as of December 31, 2021 5-year backlog* $3.4 billion 5.8x 2021 OEM sales Stoneridge Stoneridge is an established, global company with a well diversified product portfolio, strong historical financial performance and a robust 5-year backlog 3#4Stoneridge Evolution and Overview Portfolio Transformation ▸ Divestiture of non-core businesses including wiring business in 2014, switches and connectors product lines in 2019 and soot sensor product lines in 2021 ► Acquisition of Orlaco (2017) and 100% of PST (2017) ► Investment in Autotech Ventures VC fund for access to cutting-edge technology and start-up partnerships By Segment Stoneridge Brazil, 8% Electronics, 45% Control Devices, 47% By End Market** Aftermarket / Non- OE / Other, 20% Passenger Car, 4% Commercial Vehicle OE, 39% Organizational Transformation ► Moved headquarters to Novi, Mich., and assembled new leadership team Revenue Breakdown (2021A*) Light Truck / SUV / CUV, 37% ▸ Assembled new executive leadership team with significant industry expertise ► Rationalized manufacturing footprint to optimize cost structure and better serve our customers ► Created CTO position and advanced development team leading robust technology roadmap By Geography Asia Pacific 9% South America 8% Europe 32% *Based on adjusted sales as reported in Q4 2021 earnings materials - excludes one-time sale of soot sensor inventory of $2.3M and sales from spot purchase recoveries of $17.6M **Regional adjusted sales based on manufactured location and estimated end-market exposure ***Sales direct to customers North America 51% By Customer* All Others, 51.0% .*** Stoneridge AB Volvo, 9.3% VW Group, 8.6% GM, 3.3% Stellantis, 2.7% Ford, 7.5% PACCAR, 6.2% American Axle, 6.0% Daimler AG, 5.6% 4#5Stoneridge Evolution - Portfolio Transformation ▸ Development of technologies that elevate our products from components to system-based solutions Product Build to print Designed to spec • Siloed engineering Answer to customer • "Metal banger" . 88 OBSL 2:350 Sub-System Listen to market needs and react System Designed for market needs • Develop the spec Technology player ● • Listen to customer Architecture of future technology Future • Developing technology systems and solutions that anticipate customer needs Stoneridge We're deepening customer relationships by developing systems that serve as the foundation and architecture for future technology solutions 5 сл#6Diversified Product Portfolio CONTROL DEVICES 47% of 2021 Adj Sales* Actuation Transmission Driveline Emissions Valves Temperature Sensors Switches and Connectors Exterior Release Trailer Tow ELECTRONICS 45% of 2021 Adj Sales* Safety and Security Driver Information Systems Instrument Clusters Connectivity and Controls Telematics Tachographs Switches and Controls Vision and Safety Systems MirrorEye® Off-highway Efficiency Intelligence STONERIDGE BRAZIL 8% of 2021 Adj Sales* Track and Trace Audio and Alarm MEGATRENDS Our focus on these megatrends are expected to drive growth of 2-3x our underlying markets over the cycle *Based on adjusted sales as reported in Q4 2021 earnings materials - excludes one-time sale of soot sensor inventory of $2.3M and sales from spot purchase recoveries of $17.6M Aftermarket Audio Security Alarms In-region OEM Business Commercial Vehicle Connectivity Commercial Vehicle Driver Information Systems Emissions Current portfolio aligned with megatrends in the transportation industry Stoneridge 6#7Focused on the Future Approximately 85% of revenue by 2025 expected to be drivetrain agnostic Programs aligned with electrified platforms Previously awarded and announced several "Park-by-Wire" Awards focused on electrified transmission applications • Ford Mach-E program ● • Ford E-Transit program ● ● ● ▸ Business wins enabling advanced technologies Advanced Trailer Tow Connector ● ● Ford Maverick program Additional electrified light truck platform launching in 2022 ● ● Awarded multiple programs on light truck and SUV platforms including several new electric vehicle platforms Provides fully digitalized connection from the trailer camera to the digital display in the cockpit First SMART2 Tachograph award to replace existing tachograph product line to align with regulatory changes in Europe Awarded program for next generation tachograph with enhanced connectivity capabilities Stoneridge is accelerating the EV strategies of OEMs with our drivetrain agnostic solutions Stoneridge 7#8MirrorEye® CMS Features & Expansion. REDUCTION / ELIMINATION OF BLIND SPOTS ក IMPROVED AERODYNAMICS & FUEL ECONOMY Technology Features FULL-COLOR INFRARED NIGHT VISION ADVANCED TRAILER PANNING MirrorEye BETTER SAFETY THROUGH BETTER VISION™ AUGMENTED VISION QUALITY IMPROVED VISIBILITY IN INCLEMENT WEATHER GREATER FIELD OF VIEW 24/7 ROADSIDE SUPPORT MirrorEye By the Numbers 4 awarded programs from global commercial vehicle OEMs FIRST product in the US with FMCSA approval to operate commercial vehicles without mirrors -75% awarded commercial vehicle OEM market share in North America ~$75mm in peak annual contracted OEM revenue from existing awards at a conservative -15% quoted take rate -33% awarded commercial vehicle OEM market share in Europe Stoneridge MirrorEye is Stoneridge's revolutionary innovation that will drive critical safety and fuel efficiency benefits in the commercial vehicle market 8#9Leveraging Our Existing Technology Portfolio for What's Next Connectivity Our telematics and tachograph units provide a gateway for vehicles to connect to other vehicles, fleet management tools and the environment around them <-● 0 t Driver Information Systems Our driver information systems are the primary interface between a driver and the vehicle and will enable additional driver features and vehicle / driver interaction Stoneridge Vision and Safety Our vision products create safer vehicles and enable advanced active safety applications when combined with other sensors and powertrain applications We are developing technology platforms that combine vision systems, connectivity capabilities and driver information systems. 9

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