Gentherm Incorporated : Presentation

2024 Baird Global Consumer, Technology & Services Conference

Phil Eyler, President and CEO

Matteo Anversa, Executive Vice President of Finance, Chief Financial Officer and Treasurer

Gentherm, Inc. | June 6, 2024

Use of Non-GAAP Financial Measures*

In addition to the results reported herein in accordance with GAAP, the Company has provided here or may discuss on the related conference call adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), Adjusted EBITDA margin, adjusted earnings per share ("Adjusted earnings per share" or "Adjusted EPS"), free cash flow, Net Debt, revenue excluding foreign currency translation, Automotive revenue excluding the impact of non-automotive electronics, one-time benefits from recoveries and retrofits and foreign currency translation, Climate and Comfort revenue excluding the impact of one-time benefits from recoveries and retrofits and foreign currency translation, adjusted operating expenses, each a non-GAAP financial measure. See the Company's earnings release dated April 30, 2024, for the definitions of each non-GAAP financial measure, information regarding why the Company utilizes such non-GAAP measures as supplemental measures of performance or liquidity, and their limitations, and for certain reconciliations of GAAP to non- GAAP historical financial measures.

* See Appendix for certain reconciliations of GAAP to non-GAAP historical financial measures.

Proprietary © Gentherm 2024

Forward-Looking Statement

Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the "Company") pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that address future operating, financial or business performance or strategies or expectations are forward-looking statements. The forward-looking statements included in this presentation are made as of the date specified herein and are based on management's reasonable expectations and beliefs. In making these statements we rely on assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. Except as required by law, the Company expressly disclaims any obligation or undertaking to update any forward-looking statements to reflect any change in its strategies or expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. The forward-looking statements are subject to a number of important assumptions, risks, uncertainties and other factors that may cause actual results or performance to differ materially from that expressed or implied by such statements. For a discussion of these risks and uncertainties and other factors, please see the Company's most recent Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission, including "Risk Factors." In addition, the business outlook discussed in this presentation does not include the potential impact of any business combinations, acquisitions, divestitures, strategic investments and other significant transactions that may be completed after the date hereof, each of which may present material risks to the Company's future business and financial results.

Proprietary © Gentherm 2024

Why Gentherm

01

Pure play leader in thermal management and pneumatic comfort​

02

Global automotive market is large with rapidly growing penetration of thermal and pneumatic solutions​

03
Unique, innovative,	Consistent execution against
energy efficient and software	strategic plan​ with financial
driven solutions key to	discipline
vehicles of the future​

Poised for high-return growth and outpacing the market

Proprietary © Gentherm 2024 4

Winning at Record Pace

Expanding core thermal		Growing market share in pneumatic	Leading supplier of combined systems

CCS® expanding in each region, including fast growing domestic Chinese OEMs; significant growth in hands-on-detection enabled steering wheel heaters

Won conquest pneumatic lumbar and massage awards with 9 OEMs globally leveraging the Alfmeier acquisition

Won customer programs with combined thermal and pneumatic lumbar / massage solutions

Increasing vehicle content

Leveraging ClimateSense® and WellSenseTM to increase vehicle content, demonstrated by new business wins

Differentiating with software

ClimateSense® software enabling software defined vehicles

Independent partnership model leading to record wins and deeper customer relationships

Proprietary © Gentherm 2024 5

Expansive Climate and Comfort Awards

CCS® Vent

CCS® Heat

ClimateSense®

Software

Heated Surface

CCS® Vent

PCS™ Massage

CCS® Heat

PCS™ Lumbar Support

Multifunction ECU

PCS™ Massage

PCS™ Lumbar Support

BMW: X Series SUVs including: X5 ∙ X6 ∙ X7 ∙ iX5 ∙ iX6 ∙ iX7	General Motors: Truck platform including
Chevrolet Silverado & GMC Sierra
Significant content across flagship platforms

Proprietary © Gentherm 2024 6

First Puls.A™ Massage Award

Combines massage with frequency pulsation

Modular system allows for customization

Lateral and horizontal impact across the back

Recharging and energizing effect for all occupants

Works deeper into muscles at light physical contact

Supports relaxation,

pain relief and counteracts poor posture

Makes the ride a unique wellness experience

Industry's first proprietary pulsating pneumatic massage solution, continuing trajectory of content growth

Proprietary © Gentherm 2024 7

Industry Leading Innovations

ClimateSense®

• Best-in-classsoftware controlled thermal comfort
• Enhances energy efficiency and vehicle range
• Personalized microclimate

WellSense™

• Combines thermal, lumbar and massage
• Proprietary software driven wellness and alertness features
• Enabling software defined vehicles

ComfortScale™

• Modular and scalable hardware
• Easy to integrate across OEMs and Tier 1s
• Enhanced cost efficiency

Increasing content per vehicle with differentiated and proprietary solutions; well positioned to capitalize on the software defined vehicles of the future

Proprietary © Gentherm 2024 8

Why Gentherm

01

Pure play leader in thermal management and pneumatic comfort​

02

Global automotive market is large with rapidly growing penetration of thermal and pneumatic solutions​

03
Unique, innovative,	Consistent execution against
energy efficient and software	strategic plan​ with financial
driven solutions key to	discipline
vehicles of the future​

Poised for high-return growth and outpacing the market

Proprietary © Gentherm 2024 9