Unique Fabricating, Inc.
Safe Harbor
Investment Highlights 16.9% six-year revenue CAGR 1 Strong free cash flow Blue chip customer base of top-tier Consistent track record of manufacturers and OEM’s profitability Significant barriers to entry in most Favorable industry tail winds product lines Proven ability to identify, acquire Seasoned management team and integrate businesses
Stable Financial Profile Revenue Adjusted EBITDA
Current Automotive Market Trends Consumer demand has been shifting from traditional passenger cars to SUVs and light trucks UFAB has a growing presence in the light truck segment Forecasted sales mix for 2019 highlights increase in sales for SUV/Light Truck This shift has caused disruption in the North American auto market as manufacturers adjust production schedules to adapt inventories UFAB took action during 2018 to enhance operating efficiency to better respond to changing market conditions by closing 2 plants and reducing annualized expenses by approximately $800,000 The shift from combustion engines to battery electric vehicles is accelerating This is a positive trend for UFAB that drives demand for many of our products New vehicle platform launches are expected to increase over the next 2 years UFAB well positioned to capitalize on incremental revenue opportunities
Q1 Business Update North American automotive production volumes during the first quarter of 2019 were down 4.2% from Q1 2018 • Unique’s Q1 2019 sales are expected to decline 15% YoY to approx $39.7M • Lower industry production, unfavorable vehicle production mix, appliance business reduction due to closing a facility in 2018, and the announced GM plant closures • Adjusted diluted EPS expected to be in $0.01 – $0.03 range 1 • Adjusted EBITDA is expected to be in the range of $2.8M - $3.2M 1 • Anticipate violating the leverage ratio covenant of credit agreement • Lead bank has proposed a waiver of the covenant violation for Q1 2019 • Subject to approval of the other banks in the syndicate • The proposed bank waiver would prohibit dividends • Initiatives to further reduce fixed costs are currently in process
North American Vehicle Production
Exceeding Market Growth $175.3 $170.5 $174.9 CAGR Predecessor Successor NA Vehicle Production Volumes
Favorable Automotive Industry Trends o o Interior Comfort Fuel efficiency and o o vehicle light-weighting o • Rapid pace of new • vehicle launches o o Telematics and Localization Infotainment of Production o
Increasing Noise, Vibration, and Harshness (NVH) Content Per Vehicle 2 1 3 Before After Before After Before After o o o o o o o o 2010 Compact Car 2013 Version of Same Car o o
North American New Vehicle Platform Launches U.S. Fleet Average Age has Reached Record High North American New Vehicle Platform Launches 11.3 11.4 11.4 11.5 11.6 11.7 11.7 11.1 10.8 10.3 10.4 10.5 43 33 31 29 29 26 25 25 20 20 17 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Market Opportunity Automotive Industrial ~$0.7B ~$1.1B Total Addressable Total Addressable Market 1 Market 1 Market Characteristics: o o o Market Characteristics: o o 1
Growth Opportunities Growth from Growth from Existing New Customers Customers Growth through Growth from Acquisitions & New Products New Markets
Investment Highlights 16.9% six-year revenue CAGR 1 Strong free cash flow Blue chip customer base of top-tier Consistent track record of manufacturers and OEM’s profitability Significant barriers to entry in most Favorable industry tail winds product lines Proven ability to identify, acquire Seasoned management team and integrate businesses
CONTACTS Contact Us Investor Relations | Hayden IR
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