10 FIVE-YEAR FINANCIAL SUMMARY (in thousands, except per share data) Years ended December 31, 2001 2000 1999 1998 1997 Statement of Income Data: Net sales $584,468 $ 667,192 $675,221 $503,821 $449,506 Gross profit (A) 135,082 171,112 187,872 124,239 108,192 Operating income 35,495 75,166 97,305 56,722 52,366 Income before income taxes 3,896 46,794 67,022 56,036 50,895 Net income $ 2,946 $ 32,709 $ 41,172 $ 33,400 $ 46,964 Basic and diluted net income per share $ 0.13  $ 1.46  $ 1.84  $ 1.49  $ 2.92  Pro Forma Data (Unaudited):  (B) Income before income taxes $ 3,896  $ 46,794  $ 67,022  $ 56,036  $ 50,895  Provision for income taxes 950 14,085 25,850 22,636 21,181 Pro forma net income $ 2,946  $ 32,709  $ 41,172  $ 33,400  $ 29,714  Pro forma basic and diluted net income per share $ 0.13  $ 1.46  $ 1.84  $ 1.49  $ 1.36  Other Data: Product development expenses $ 26,996  $ 26,750  $ 21,976  $ 17,418  $ 14,114  Capital expenditures 23,968 28,720 17,589 10,919 12,256 Depreciation and amortization 29,568 28,680 27,850 14,422 13,237 Balance Sheet Data: Working capital $ 46,399 $ 80,069 $ 77,112 $ 42,184 $ 44,856 Total assets 666,843 696,995 698,309 638,116 235,073 Long-term debt, less current portion 249,720 296,079 331,898 322,724 9,139 Shareholders’ equity 259,607 262,186 231,628 190,542 157,210 December 31, 2001 2000 Assets Current Assets: Cash and cash equivalents $ 4,369 $ 5,594 Accounts receivable, less allowance for doubtful accounts of $1,742 and $2,142 91,018 91,680 Inventories 54,504 70,159 Prepaid expenses and other 15,538 17,104 Deferred income taxes, net 7,316 10,217 Total current assets 172,745 194,754 Property, Plant and Equipment, net 118,061 113,855 Other Assets: Goodwill and other intangibles, net 347,724 357,526 Investments and other 28,313 30,860 Total Assets $ 666,843 $ 696,995 Liabilities and Shareholders’ Equity Current Liabilities: Current portion of long-term debt $ 41,621 $ 34,562 Accounts payable 50,792 45,199 Accrued expenses and other 33,933 34,924 Total current liabilities 126,346 114,685 Long-Term Debt, net of current portion 249,720 296,079 Deferred Income Taxes, net 24,352 22,352 Other 6,818 1,693 Total long-term liabilities 280,890 320,124 Shareholders’ Equity: Preferred shares, without par value, 5,000 authorized, none issued — — Common shares, without par value, 60,000 authorized, 22,397 issued and outstanding at December 31, 2001 and 2000, stated at — — Additional paid-in capital 141,506 141,506 Retained earnings 126,157 123,211 Accumulated other comprehensive loss (8,056) (2,531) Total shareholders’ equity 259,607 262,186 Total Liabilities and Shareholders’ Equity $ 666,843 $ 696,995 The accompanying notes to consolidated financial statements are an integral part of these consolidated balance sheets. 11 CONSOLIDATED BALANCE SHEETS (in thousands) Stoneridge, Inc. and Subsidiaries Stoneridge, Inc. and Subsidiaries (A) Gross profit represents net sales less cost of goods sold. (B) Prior to the Company’s initial public offering (Offering) in October 1997, the Company was taxed as an S Corporation. Concurrent with the Offering, the Company terminated its S Corporation status, making it subject to federal, state and foreign income taxes. The pro forma data reflect the results as if the S Corporation termination had been effective as of December 31, 1996.