EX-99.1 2 d931610dex991.htm EX-99.1

Confidential | ©2015 Gentex Corporation 2015 Annual Meeting Of Shareholders 21 May 2015 ©2015 Gentex Corporation Exhibit 99.1

Safe Harbor Safe Harbor for Forward-Looking Statements This annual report 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 forward-looking statements. Forward-looking statements give the Company’s current expectations or forecasts of future events. These forward-looking statements generally can be identified by the use of words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “fore- cast”, “goal”, “hope”, “may”, “plan”, “project”, “will”, and variations of such words and similar expressions. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company’s control, and could cause the Company’s results to differ materially from those described. These risks and uncertainties include, without limitation, changes in general industry or regional market conditions; changes in consumer and customer preferences for our products; our ability to be awarded new business; continued uncertainty in pricing negotiations with customers; loss of business from increased competition; customer bankruptcies or divestiture of customer brands; fluctuation in vehicle production schedules; changes in product mix; raw material shortages; higher raw material, fuel, energy and other costs; unfavorable fluctuations in currencies or interest rates in the regions in which we operate; costs or difficulties related to the integration of any new or acquired technologies and businesses; changes in regulatory conditions; warranty and recall claims and other litigation and customer reactions thereto; possible adverse results of pending or future litigation or infringement claims; negative impact of any governmental investigations and associated litigations including securities litigations relating to the conduct of our business. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or the rules of the Nasdaq Global Select Market. Accordingly, any forward- looking statement should be read in conjunction with the additional information about risks and uncertainties identified under the heading “Risk Factors” in the Company’s latest Form 10-K and Form 10-Q filed with the SEC. ©2015 Gentex Corporation

Gentex Corporation - Overview • Established: 1974 • Ownership: GNTX – NASDQ Global Select Market • Operations: – Headquarters & Manufacturing - Zeeland, MI – Sales & Logistics – England, France, Sweden, Germany, Japan, Korea, China • Products: – Automotive Auto-Dimming Rearview Mirrors – Automotive Electronics – Dimmable Aircraft Windows – Fire Protection Devices • Employees: 4,000+ • Sales 2014: $1.38 Billion • Mirrors Shipped 2014: 31,079,818 • Forecast 2015: $1.47 - $1.54 Billion ©2015 Gentex Corporation

Corporate Milestones 1980 1990 2000 2010 2020 1998: Acquisition: CMOS Camera Technology from Photobit 1982: Inside Electro-Mechanical Rearview Mirror 1987: Inside Electro-Chromic Rearview Mirror 1991: Outside Electro-Chromic Rearview Mirror 1997: Outside Convex and Aspheric Electro-Chromic Rearview Mirrors ELECTRONICS, ELECTROCHROMICS, CHEMICAL DEVELOPMENT & SOFTWARE DESIGN MICRO-ELECTRONICS & VISION SYSTEMS GLASS BENDING & COATING 2004: SmartBeam® Lighting Assist Camera Systems VIDEO DISPLAYS 2006: Video Display Mirrors ADAS FUNCTIONALITY 2010: Dimmable Aircraft Windows 2012: SmartBeam ADAS and Video Camera Systems 2014: Full Display Mirror and video camera systems 2000: HomeLink® license, Compass, Microphones, Interior Lighting, Telematics TELEMATICS , MICROPHONES, LIGHTING, ETC. REAR VISION SYSTEMS 2013: Acquisition: HomeLink® from Johnson Controls ©2015 Gentex Corporation

2001 2014 IEC IEC OEC OEC Global Auto-Dimming Application Rates IEC – Interior Electrochromic (Auto-Dimming) Mirrors OEC – Exterior Electrochromic (Auto-Dimming) Mirrors Confidential | ©2015 Gentex Corporation $310MM Sales 39.3% Gross Margin 26.4% Operating Margin 21% Net Income $1,376MM Sales 39.2% Gross Margin 29.0% Operating Margin 21% Net Income

Performance Awards Confidential | ©2015 Gentex Corporation BMW • 2011 Innovation Award - SmartBeam Fiat Chrysler • 2011 Outstanding Performance Award • Chrysler Platinum Pentastar Award • Chrysler Gold Pentastar Award • Global Supplier Award 2003 + 2005 Ford • 2013 Technology Award – ADAS • Total Quality Excellence • Full Service Supplier Award • Gold Star Award – Quality • World Excellence Award General Motors • 2014 Supplier of the Year (16-time winner) • 2008 GM Corporation of the Year • Quality Excellence Award Honda • 2014 Excellence in Quality & Delivery Award • 2013 Excellence in Value Award • 2012 Excellence in Value Award Hyundai/Kia • 2013 Quality Excellence Award • 2008 Supplier of the Year Jaguar Land Rover • 2013 Quality Excellence Award • 2012 Quality Excellence Award Nissan • Zero Defect Award (4-time winner) • 2010 Quality Master Award PACE Awards (Automotive News/Ernst & Young) • Six-time winner • Three-time finalist Subaru • 2014 Sustainability Award • 2013 Quality and Delivery Award • 2013 Business Partnership Award • 2013 Supplier Excellence Award Toyota • 2014 Diversity Award • 2013 Excellence in Technology – SmartBeam • Platinum Supplier Award • Gold Award (5-time winner) Volkswagen Group • 2012 Volkswagen Group Award (Best Supplier) Volvo • 2013 Quality Excellence Award • 2013 Business Partnership Award

2015 Growth Driver – Inside Frameless Mirrors • Mirrors as sophisticated as the technology they deploy • All-new frameless designs ©2015 Gentex Corporation

©2015 Gentex Corporation • Curved Glass – Convex – Aspheric – Flat-to-Curve • Turn Signals • Blind Spot Warning Lights • Approach Lighting 2015 Growth Driver – Outside Mirrors

2015 Growth Driver - HomeLink® • Vehicle-to-Home Automation – Garage door openers – Security gates – Home lighting – Appliances and more Wide Variety of Integration Options Accessory Module (Wired) Accessory Module (Battery) Knock-Out Module ©2015 Gentex Corporation

2015 Growth Driver – SmartBeam® • Gentex-designed CMOS imagers, cameras, and software algorithms allow for customized ADAS • Mirror-integrated for optimal performance and packaging • New Gen 4 imager provides ADAS functionality: – Auto High Beam – Dynamic Forward Lighting – LED Matrix Beam – Fog Detection – Lane Detection – Object Detection ©2015 Gentex Corporation

Future Growth Driver – New Markets • Applying Gentex new products into new markets – Motorcycles – Agricultural vehicles – Powersports (ATVs, snowmobiles, etc.) – Lawn tractors • Products/Technologies: – HomeLink® – SmartBeam® – Video Display and Camera Systems – Electronics and Electro-Chromics ©2015 Gentex Corporation

Future Growth Driver - Full Display Mirror • Dual modes: – Mirror Mode – operates as a standard auto-dimming mirror; fails safe – Display Mode – rear video display for optimal rear vision • New Gentex-designed Gen 4 high dynamic range imager – Each pixel determines its own exposure – Ensures brightest and darkest areas of any given scene are clear and visible • Custom camera integration options • Ideal for vehicles with limited rear visibility ©2015 Gentex Corporation

Thank You ©2015 Gentex Corporation