Commercial Vehicle : Featured Presentation

Forward Looking Statements and Non-GAAP Financial Measures

These slides contain forward-looking statements that are subject to risks and uncertainties. These statements often include words such as "believe", "anticipate", "plan", "expect", "intend", "will", "should", "could", "would", "project", "targets" "forecast" "continue", "likely", and similar expressions. In particular, this document may contain forward-looking statements about the Company's expectations for future periods with respect to its plans to improve financial results, the future of the Company's end markets, changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction equipment business, the Company's prospects in the wire harness, industrial automation and electric vehicle markets, the Company's initiatives to address customer needs, organic growth, the Company's strategic plans and plans to focus on certain

segments, competition faced by the Company, volatility in and disruption to the global economic environment, including inflation and labor shortages and the Company's financial position or other financial information. These statements are based on certain assumptions that the Company has made in light of its experience as well as its perspective on historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. Actual results may differ materially from the anticipated results because of certain risks and uncertainties, including those included in the Company's filings with the SEC. There can be no assurance that statements made in this document relating to future events will be achieved. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on behalf of the Company are expressly qualified in their entirety by such cautionary statements.

See slide 17 for use of non-GAAP financial measures.

2

INTRODUCTION

James Ray

President & CEO

3

CVG - Commercial Vehicle Group

Source: ACT Research

Strategically Repositioning the Business

Make Electrical Systems our largest business

• Continue to win accretive new business, increase volumes and diversify our product portfolio
• Increase the design and engineering value in our products
• Strategically add new plant locations which provide cost competitiveness and service to our customers

Diversify our vehicle platforms

• Continue to add higher growth end markets (E-Mobility, Aviation & Aerospace, Marine, Industrial Automation)
• Reduce the cyclicality of our existing platforms with diversification

Increase the number of customers

• Drive up customer roster globally through organic new wins program
• Diversify and increase customers with existing and future global plant footprint

6

Recent Strategic Actions

North American Footprint Optimization

• Actions taken to optimize footprint
• Closing one facility and shifting production to other locations
• Rationalizing higher-cost capacity to expand margins

Cost Reduction Efforts

• Reducing organizational costs and aligning resources in support of growth product lines
• Across multiple business segments
• Ongoing efforts to align costs and improve margins

FinishTEK Sale

• Hydrographic and paint decorator; previously part of Vehicle Solutions business
• Sale completed January 31, 2024
• Optimizes portfolio with more focus on core growth businesses

Key Focus Areas for 2024

Growth in Electrical Systems

• Continuing new business wins in this segment in 2024
• Electrical Systems wins reduce cyclicality and increase end-market diversification
• Goal is to make this our largest business

Ramp Up New Plants

• Electrical Systems plants ramping as scheduled in Mexico and Morocco
• Underway with construction phase of an additional plant in Morrocco
• Low-costplants help drive margin expansion

Optimize Vehicle Solutions & Industrial Automation, Grow Aftermarket

• Improve profitability or exit non-strategic and/or unprofitable business
• Control costs and optimize strategic sourcing decisions
• Improve working capital and increase free cash generation

Creating a Bigger, Better, More Profitable Company

Acceleration of CVG's profitable growth strategy

• Transforming revenue mix organically via new customers and vehicle platforms
• Transforming cost structure through process automation and low- cost production capabilities
• Delivering best in class quality and service

New Business Growth Continues

• In excess of $150 million of new business wins secured in 2023
• Electrical Systems continues to be a focus for CVG growth
• Benefitting from secular trends of increased connectivity, electrification and Electric Vehicles

Optimizing our Ongoing Business

• Continue with strategies to improve all segment profitability
• Cost reduction program continues to deliver cost savings through process improvements, footprint changes and organizational streamlining

9

Financial Review

10