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1DRIVEN TO DELIVER January 2016NYSE: HZN
HORIZON GLOBAL
DRIVEN TO DELIVER
CJS Securities
January 2016
2DRIVEN TO DELIVER January 2016NYSE: HZN
Safe Harbor Statement
Any "forward-looking" statements contained herein, including those relating to market conditions or the
Company's financial condition and results, expense reductions, liquidity expectations, business goals
and sales growth, involve risks and uncertainties, including, but not limited to, the future prospects of
the Company as an independent company, risks and uncertainties with respect to general economic
and currency conditions, various conditions specific to the Company's business and industry, the
Company's leverage, liabilities imposed by the Company's debt instruments, market demand,
competitive factors, supply constraints, material and energy costs, technology factors, litigation,
government and regulatory actions, the Company's ability to successfully implement its profitability
improvement measures, the Company's accounting policies, future trends, and other risks which are
detailed in the Company's Registration Statement filed on Form S-1 and the other reports that the
Company files with the SEC (available at www.sec.gov). These risks and uncertainties may cause
actual results to differ materially from those indicated by the forward-looking statements. All forward-
looking statements made herein are based on information currently available, and the Company
assumes no obligation to update any forward-looking statements.
3DRIVEN TO DELIVER January 2016NYSE: HZN
Company & Market Overview
Business Strategy & Vision
Shareholder Value Priorities
Agenda
4DRIVEN TO DELIVER January 2016NYSE: HZN
Horizon Global Overview
Broad portfolio of high-quality products and brands
Business Description
Horizon Global is a leading designer, manufacturer and distributor of a wide variety of high-
quality, custom-engineered towing, trailering, cargo management and other related
accessory products on a global basis.
Broad Product Portfolio
Towing Cargo ManagementTrailering Other
Market Leading Brands
5DRIVEN TO DELIVER January 2016NYSE: HZN
• Lifestyle and Quality of life
• Work related applications
• Adoption rates in Emerging markets from middle class creation
• Latin America & China with long-term growth trends
• Recognition of trusted global brands
Growing Markets and Users for our Products
• New OE global product offerings advantaging global suppliers
• Smart related products
• User demanded product innovation
• Simplification of assembly process represents local opportunity for global partners
Technology, Quality and Innovation
• OE growth efforts in aftermarket business segment
• Distribution channel pressured; e.g. Retail capability, eCommerce access and OE new products
• Consolidation of small players in market space
Evolving Business Channels
Our Market Drivers
Horizon is well positioned to take advantage of end market trends
6DRIVEN TO DELIVER January 2016NYSE: HZN
Towing
Trailering
Cargo
Other
OEM/OES
Aftermarket
Retail/
eCommerce
U.S.
Australia
Europe
AsiaAfrica Other Americas
Revenue Diversity
Revenue by Product Category
• Broadest product set available
• Commercial, agricultural,
automotive and recreational
uses can be counter-cyclical
• Solution based engineering
drives product innovation
Revenue by Channel
• Access to consumers through
all channels of commerce and
distribution
• More than 5,700 active
customers, none more than
10% of sales
• Channel diversity mitigates
cyclicality
Revenue by Geography
• Market leader in North America
and Australia
• Footprint established to serve
emerging markets
• Leverage existing product sets
and customer relationships for
global growth
Diverse source of revenues unmatched by competition
Note: Based on 2014 management estimates
7DRIVEN TO DELIVER January 2016NYSE: HZN
Fairfield, Iowa
Solon, Ohio
Juarez, Mexico
Reynosa, Mexico
Itaquaquecetuba, Brazil
Plymouth, Michigan
Keysborough, Australia
Mississauga, Ontario
Other
South Bend, Indiana
Tekonsha, Michigan
Hartha, Germany
Deeside, UK
Auckland, New Zealand
Brisbane, Australia
Perth, Australia
Pretoria, South Africa
Chon Buri, Thailand
Dallas, Texas
McAllen, Texas
El Paso, Texas
Helsinki, Finland
Christchurch, New Zealand
Mosinee, Wisconsin
Established Global Presence
Established global footprint will drive sales and operating efficiencies
Manufacturing Facilities
Home Office/Tech Centers
Shanghai, China
Bangalore, India
Hong Kong20
FACILITIES
2,800EMPLOYEES
10COUNTRIES
8DRIVEN TO DELIVER January 2016NYSE: HZN
#1 Recognized Brand in U.S. in Towing Products
#1 Recognized Brand in U.S. in Trailer Hitches
#1 Recognized Brand in U.S. in
Brake Controllers
#1 Recognized Brand in U.S.
Agricultural and Industrial OEM
#1 Recognized Brand in U.S. Marine OEM
#1 Recognized Brand in Australia
Globally Recognized MarketLeading Brands
Customer and User recognized market leaders with
engineered solutions protected by more than 600 patents
More than 25 years
More than 20 years
More than 10 years
Long-term Customer RelationshipsBrand Recognition
More than 25 yearsMore than 30 years
More than 20 years
More than 30 years
More than 20 years
* More than 20 years with the acquired distributors: Keystone, Stag Parkway
and Northwest Trailer Parts
More than 20 years*
More than 25 years
More than 15 years
9DRIVEN TO DELIVER January 2016NYSE: HZN
Company & Market Overview
Business Strategy & Vision
Shareholder Value Priorities
Agenda
10DRIVEN TO DELIVER January 2016NYSE: HZN
Driven to Deliver
• Global Reach
• Product Development Engine
• Multi-Channel Expertise
• Best-in-Class Manufacturing and Sourcing
Cost Platform
• Talented Experienced Management Team
ENABLERS
CORE VALUES
MISSION
VISION: Enriching lives through great products
Positioned to drive value for:
All Shareholders
All Customers
All Employees
Utilize forward-thinking technology to develop and
deliver best-in-class products for our users,
engage with our employees and realize value creation for our
shareholders.
11DRIVEN TO DELIVER January 2016NYSE: HZN
• Leverage product portfolio
and global footprint
• User centric product
innovation process
• Expand existing distribution
channels
• Develop new distribution
channels, including
eCommerce
• Leverage relationships with
OEs across globe
• Expand sales to higher-
growth emerging markets
• Bolt-on acquisitions drive
non-organic growth
• Commitment to reducing
debt and increasing
profitability
• Cash flow supports
deleveraging
• Recently completed capex
cycle
• Consistent cash flow
generation through
business cycle
• Working capital efficiency
improvement
• Acquire well-run companies
• Foster culture focused on
operational excellence
• Execute major priorities
• Leverage past investments
in low-cost manufacturing
• Integrate Cequent
Americas organization
• Enhance Multi-
Generational Product
Planning
• Margin accretive
acquisitions
Drive Sales Growth
Improve Capital Structure
Improve Margins
Three Financial Prioritiesfor Value Creation
Significant opportunity for value creation
10% & 10% Less than 2x 3-5% Organic
12DRIVEN TO DELIVER January 2016NYSE: HZN
Company & Market Overview
Business Strategy & Vision
Shareholder Value Priorities
Agenda
13DRIVEN TO DELIVER January 2016NYSE: HZN
Margin expansion has
the most potential
Growth opportunity
leads to increased profitability
Cash conversion
allows company to de-lever and add
EPS
Unlocks Shareholder
Value
Shareholder Value RealizationOur Financial Model
14DRIVEN TO DELIVER January 2016NYSE: HZN
Initiative Objective Status of 11/11/2015Project
Realization
Plant Performance Execute plant level
productivity initiatives
Productivity improvement
of 9% over 2014
Consolidation of the
Americas
Fully integrate as one,
lean business
Distribution study, ERP
implementation and
Tekonsha closure
underway
Europe, Africa, Latin
America Performance
Realize accretive level of
performance
South Africa up 1100 bps
Brazil down 110 bps
Europe down 90 bps
“Juarez” Closure Consolidate production in
Reynosa to achieve
annual savings of $4.5M
Heavy duty product
moved, facility prep and
move plan underway
Sourcing Initiatives Optimize supply base
through increased
integration and
performance
Partner identification and
financing alternative
discussion underway
Brand Consolidation Enhanced value from
“shoulder” brands
First three brands to be
rationalized in 2016
First Margin Expansion Programs …
Drive Margin Expansion
15DRIVEN TO DELIVER January 2016NYSE: HZN
OE
Compete globally for new business
Invest in new product and engineering
capacities
“GLOCAL” implementation
Support engineered solutions
eCommerce
Leverage platform capabilities globally
Engage Users and Clubs
Enhance eUserexperience
Support channel partners with eSolutions
Latin America
Right-size Brazil presence
Support customers growing in Mexico
Leverage Mexico footprint for broader
product support
Engage early adopters in market
China
Global OE support
Engage enthusiasts organizing around
active lifestyles
eCommerce
Adding commercial presence to current
platform
Key Growth Initiatives
Numerous, parallel paths for growth
Drive Sales Growth
MGPPSupport customer
driven product development efforts
Retool product development and
prioritization process
Focused efforts on smart products
Listen to the user
16DRIVEN TO DELIVER January 2016NYSE: HZN
Capital Allocation Priorities
Strong Cash Flow
Capital Structure
• Debt service
• Aspirational net leverage ratio
of 2x
Organic Initiatives
• Capital expenditures to support
growth in recently acquired
companies
• Investment to support strategic
sales opportunities
Operational Investments
• Support continuous
improvement initiatives
• Upgrade manufacturing
capabilities as appropriate
• Capacity to support organic
growth
Acquisitions
• “Bolt-on” acquisitions
• Minimum risk-adjusted returns
in excess of cost of capital
FCF supports strategic investments and capital structure improvement
Improve Capital Structure
17DRIVEN TO DELIVER January 2016NYSE: HZN
Key Priorities Create Shareholder Value
Starting Share Price Delevering Sales Growth Margin Expansion Potential Future Price
18DRIVEN TO DELIVER January 2016NYSE: HZN
• Diverse product portfolio supported by recognized brands
• Focused investment on leading brands benefits the entire portfolio
• Global footprint supports regional demand fulfillment
• Positioned to serve higher-growth emerging markets
• Flexibility of manufactured or sourced solution
• Multiple channels to reach end consumers
• Strong global partnerships provide stability to revenue base; mitigates cyclicality
• Multiple avenues for top-line growth
• Six large identified projects on the margin dashboard
• Best-in-class cost structure
• Consistent free cash flow generation through the business cycle
• Free cash flow supports deleveraging
Global Scale with Flexible Manufacturing Footprint and
Supply Chain
Broad Product Portfolio of Market Leading Brands
Long-Term Relationships with a Diverse
Customer Base
Positioned for Top-Line Growth and Margin
Enhancement
Free Cash Flow Generation & Deleveraging
Key Investment Considerations
A strong foundation to create future value
20DRIVEN TO DELIVER January 2016NYSE: HZN
For More Information:
Maria Duey
Vice President, Investor Relations
and Communications
(248) 593-8810