Sharon S. Wenzl – Vice President, Corporate Communications Jeffrey S. Edwards – Chairman and Chief Executive Officer Allen J. Campbell – Executive Vice President and Chief Financial Officer

Good morning ladies and gentlemen. And welcome to the Cooper-Standard’s Fourth Quarter and Full Year 2013 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Later, we will conduct a question-and-answer session (Operator Instructions) As a reminder, this conference call is being recorded this morning and the webcast will be available for replay later today. I would now like to turn the call over to Sharon Wenzl, VP Corporate Communications. Please go ahead.

Thank you and good morning. Please note, that certain information in this call may be forward-looking and contains statements based on current plans, expectations, events, and market trends that may affect the company’s future operating results and financial positions. Such statements involve risks and uncertainties that cannot be predicted or quantified and that may cause future activities in results of operations to differ materially from those discussed. For additional information, we ask that you refer to the company’s filings with the Securities and Exchange Commission. This call is intended to be in compliance with Regulation FD and is open to institutional investors, security analysts, media representatives, and other interested parties. A reconciliation of certain non-GAAP financial measures used during the call can be found in the appendix of this presentation. At this time, I would like to turn the call over to Jeff Edwards, Cooper-Standard’s Chairman and Chief Executive Officer.

Thank you Sharon and good morning everyone. Turning to Slide number 4, talking about the industry landscape, our global light vehicle production continues to have a steady growth in 2014 we expect that growth rate to be around 3.1%. Our North America vehicle production remained strong. Europe, as we all know continues to be challenging, still bouncing along the bottom a little bit. We do expect sales to grow in the modest 1.6% in Europe in 2014, however. Emerging markets are mixed with strong growth continuing for China and a slight softening in India and in Russia. Material pricing and availability is stable for 2014. The North America supply base certainly had capacity constraints in 2013, but many of us have now addressed this and are keeping pace with the projected run rates for 2014 and I’ll talk a little bit more about that in the coming slides. Moving to Slide number 5 a little bit more around the 2013 update if you will, our global sales grew by 7.3% year-over-year, outpacing the industry which grew at 3.4%. And for Cooper-Standard, the 7.3% represented growth in all of our regions. Our full year adjusted EBITDA was 9.3% of sales, that reflects additional costs that we incurred to meet in North America production demands. At the same time, we had a series of significant challenges with our new Sealing and Trim technology in three of our plants in North America we’re addressing these issues with investments and people or technical talent as well as process improvements that will begin to turn those facilities around in the first quarter of 2014 and we’re committed to that, and we will be normalized by the end of our second quarter in 2014. So, these were one-time events that impacted our 2013 performance, but we…

Thank you, Jeff. I’d like to start off by talking about Cooper-Standard’s track record of growing sales. As you can see from this chart, our revenue has grown a compounded growth rate of around 14.6% over the last five years, exceeding global light vehicle production levels over the same period at 9.1% increase. 2013, our sales grew by 7.3% from previous year, as compared to industry growth rate at 3.4%. We also expect to beat the industry growth rate in 2014 and I’ll talk about that later. On the next slide we show our fourth quarter and full year 2013 revenue by regions as compared to the previous year. For the quarter, Cooper-Standard generated sales was $794.2 million, up 13.9% when compared to the same quarter previous year. This was driven by a strong year in North America and market share gains in Europe. Our Jyco acquisition which we completed in July, contributed approximately $20.8 million of incremental sales in the quarter and $32.7 million year-to-date. In addition, sales in the quarter favorably impacted by $5.4 million in foreign exchange movement. For the full year, sales increased by $209.6 million to $3.09 billion, compared to $2.88 billion in the previous year, with approximately $7.6 million of positive foreign exchange. Sales of North America of $426.5 million for the quarter, increased to $62 million, or 17% from the previous year. Our European operations generate sales of $269.9 million, which include a $12.6 million of favorable foreign exchange. Excluding FX, sales were up 8.9% in a very soft market. Sales of Asia-Pacific operations were $60 million, up 5.8% from the same period prior year. In Brazil, we generated sales of $37.8 million for the quarter, despite $4 million of unfavorable foreign exchange movement and a 13.6% volume decline in vehicle production levels.…

Thank you (Operator Instructions) One moment please, as we assemble the queue for questions (Operator Instructions) Our first question comes from [indiscernible] from CORE Partners. Your line is open.

Hi Jeff and Allen, thanks for – thanks the call today. Quick question Allen, you had mentioned I think $17 million in incremental cost related to the North American challenges, when you were going over to Page 14 on there so it’s net $30 million of excess non-recurring. So I’m just trying to figure out the difference between the two numbers?

Sure. The net of $30 million is what we expect to see in the first quarter. And then we expect more than that as we roll through the rest of the year.

Got you, okay. So.

We’re going to get some of that will roll into the first quarter, but most of them will go away.

Okay. So the bulk of these excess charges will be – just the $30 million will be gone by the end of the first quarter.

That’s correct.

Okay. Thanks.

Sure.

(Operator Instructions) We have no further questions. We do have a question from John Novac [ph] Mizua Securities. Your line is open.

Yeah, hi guys. Thanks for the call today. Just had a question, in the press release you mentioned market share gains in Europe, and I was just wondering if you could talk about that, is this something that you expect to continue, why are you gaining share, how are you are gaining share and any other just general comments you have on your ability to continue to take share in Europe? Thanks.

So I think it’s a couple of things. I mentioned the move from west to east, we traditionally have not been as competitive as we would have liked in Europe, but we are becoming much more. So, we’re starting to reflect that in some of the decisions that we’re using to go after new business. The second, clearly is around our technology that we have coming in into the market. Third is, frankly we’ve re-established a very strong European management team who is aggressively pursuing our growth opportunities as well. So, it’s a combination of those three things. And yes, we’d expect it to continue.

Okay. Thank you.

Sure.

And our next question comes from [indiscernible] from UBS. Your line is open.

Good morning, guys. Could you give us a sense of our CapEx levels, when you would expect them to decline from the pace they’re at, if in fact that’s the case? And then just on restructuring charges, should we anticipate that this $20 million level will – $20 million to $30 million will continue for a number of years, or are we close to the end of that?

Okay, yes I think as we’ve mentioned in previous discussions, we’ll be at a high end of it in 2014, we’ll probably towards the high end of it in 2015 and then after that we would expect it to be back down to a more normal level.

And that’s CapEx?

That’s CapEx.

And then restructuring, at the level we talked about should go for about two or three years in similar. By then, we should have the right western European structure and for the most part where we need to be in North America today.

Thank you.

And we have no further questions in queue. Thank you for joining. This concludes our conference call. You may now disconnect.