Littelfuse, Inc. · NASDAQ:LFUS

Littelfuse — Q2 2024 Earnings Presentation

26 slides from Littelfuse's earnings presentation, Jul 31, 2024

1. Slide 1: Q2 2024 Earnings Release

   Q2 2024 EARNINGS RELEASE July 30, 2024 1

2. Slide 2: Disclaimers

   DISCLAIMERS Important Information About Littelfuse, Inc. This presentation does not constitute or form part of, and should not be construed as, an offer or solicitation to purchase or sell securities of Littelfuse, Inc. and no investment decision should be made based upon the information provided he

3. Slide 3: Business Update

   BUSINESS UPDATE Dave Heinzmann, President & CEO

4. Slide 4: Executive Summary

   EXECUTIVE SUMMARY  Solid Q2 execution & performance  Q2 Sales & Adjusted EPS exceed the high end of guidance  Solid YTD cash generation, flexible balance sheet  Meaningful design-in activity, momentum with customers  Portfolio optimization initiatives driving margin traction  Sequential Electr

5. Slide 5: 2023 Sustainability Report Highlights

   2023 SUSTAINABILITY REPORT HIGHLIGHTS Our Approach Sustainability isn’t just a concept; it’s integrated into our business strategy, processes, and daily actions. Innovation and collaboration are at the heart of our sustainability journey. Framework and Disclosure Programs: Littelfuse, Inc. © 2024 5

6. Slide 6: 2021 – 2025 Growth Strategy

   2021 – 2025 GROWTH STRATEGY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Our capabilities, investments & diversification deliver significant value Littelfuse, Inc. © 2024 6

7. Slide 7: Electronics End Markets: Broad Technology Capabilities, Diverse Exposure

   ELECTRONICS END MARKETS BROAD TECHNOLOGY CAPABILITIES, DIVERSE EXPOSURE Q2 2024 Highlights  Diverse end market dynamics: Strong 2Q data center volumes led by AI driven applications; broad demand softness  Initial pockets of demand recovery; strong & persistent design-in activity through cycle  Te

8. Slide 8: Transportation End Markets: Product Leadership for a Global Customer Base

   TRANSPORTATION END MARKETS PRODUCT LEADERSHIP FOR A GLOBAL CUSTOMER BASE Q2 2024 Highlights  Benefiting from broad & balanced technology capabilities & global customer reach  Core passenger vehicle product leadership, long- standing customer relationships  Continued traction with commercial vehic

9. Slide 9: Industrial End Markets

   INDUSTRIAL END MARKETS EXECUTING WHILE DRIVING INNOVATIONS Q2 2024 Highlights  Disciplined execution while delivering innovative solutions  Continued end demand softness, more pronounced impact to power semiconductor portfolio  Supporting ongoing industry advancements toward next generation appli

10. Slide 10: Financial Update

    FINANCIAL UPDATE Meenal Sethna, EVP & CFO

11. Slide 11: Q2 2024 Total Company Financial Performance

    Q2 2024 TOTAL COMPANY FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-9%) vs PY / organic (-8%)  ~2% portfolio pruning headwind  GAAP op margin 11.7%; Adjusted op margin $612 $558 12.7%  F/X & Commodities: (-80bps) margin headwind vs. PY Q2-23 Q2-24  Effective tax rate: GAAP 2

12. Slide 12: Cash Generation & Capital Deployment

    CASH GENERATION & CAPITAL DEPLOYMENT  Well-positioned business model & execution drive robust long- term cash generation  Disciplined approach to working capital management  Strong balance sheet supports capital deployment strategy  Consolidated net leverage ratio ~1.6x  Prioritizing growth inv

13. Slide 13: Q2 2024 Electronics Segment Financial Performance

    Q2 2024 ELECTRONICS SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-13%) vs PY / organic (-12%)  Passive products (-4%)  Semiconductor (-19%)  Moderating passive inventory reductions, $350 channel inventory levels have normalized $306 into 2H; continued industrial softn

14. Slide 14: Q2 2024 Transportation Segment Financial Performance

    Q2 2024 TRANSPORTATION SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue growth (-2%) / organic (-1%)  ~4% portfolio pruning headwind  Passenger vehicle business (-1%) / organic +2% $172 $169  Solid global customer traction  Commercial vehicle business (-3%) / organic (-3%

15. Slide 15: Q2 2024 Industrial Segment Financial Performance

    Q2 2024 INDUSTRIAL SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-7%) / organic (-6%)  Continued industrial end markets softness...Construction / MRO, solar, EV infrastructure $90 $84  Initial signs of residential HVAC recovery; Continued industrial safety & energy stor

16. Slide 16: Q3 2024 Guidance

    Q3 2024 GUIDANCE (in millions) Revenue Highlights  Macro view…continued dynamic environment but some positive signs  Passive electronics destocking largely complete in 1H; some ongoing cautious order patterns $607 $540 -  Initial pockets of demand recovery $558 $570  Continued soft industrial en

17. Slide 17: Full Year 2024 Considerations / Expectations

    FULL YEAR 2024 CONSIDERATIONS / EXPECTATIONS  Expect return to sales growth in the fourth quarter, net of portfolio initiatives headwind  FY: Pruning impact…(-2%) Company, (-6%) Transportation Segment (heavier Comm. Vehicle)  Full year ’24 margin expectations impacted by elongated inventory desto

18. Slide 18: Diversification Delivers Double-Digit Revenue & Earnings CAGR

    DIVERSIFICATION OF TECHNOLOGIES, END MARKETS & GEOGRAPHIES DELIVERS DOUBLE-DIGIT REVENUE & EARNINGS CAGR  Expanding leadership in 15-year* CAGR: core markets while Sales +10% prioritizing strategic EPS +18% investments to bolster diversified portfolio  Flexible cost structure drives improved profi

19. Slide 19: Appendix

    APPENDIX Littelfuse, Inc. © 2024 19

20. Slide 20: Supplemental Financial Information

    SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2024 20

21. Slide 21: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 21

22. Slide 22: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 22

23. Slide 23: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 23

24. Slide 24: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 24

25. Slide 25: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 25

26. Slide 26: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2024 26

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