Bel Fuse Inc. · NASDAQ:BELFA
Bel Fuse — Merger or Acquisition (September 2024)
13 slides from Bel Fuse's merger presentation, September 2024
Slide 1: Investor Presentation
Investor Presentation Investor Presentation September 2024
Slide 2: Safe Harbor Statement
Safe Harbor Statement The Company’s consolidated operating results are affected by a Forward-Looking Statements can be identified by such words as wide variety of factors that could materially and adversely affect “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” revenues and profitab
Slide 3: Superior service and advanced technologies at the highest quality standard
Superior service and advanced Market leading, reliable power technologies at the highest quality solutions for customers’ mission- standard critical applications POWER | PROTECT | CONNECT 2
Slide 4: Transaction Details
Transaction Details Bel Fuse Inc. (“Bel”) Announces Agreement to Acquire Enercon Technologies Ltd. (“Enercon”) Bel has entered into an agreement to acquire Enercon based on a current Enterprise Value of $400 Value million(1) on a cash-free, debt-free basis $10 million earnout contingent on 2025
Slide 5: A Highly Strategic and Transformative Acquisition
A Highly Strategic and Transformative Acquisition Significantly expands exposure to higher-margin Aerospace & Defense market Transformational Global footprint with combined $671 million LTM Q2’24 revenue Diversifies product offerings and end markets Highly complementary and differentiated techno
Slide 6: Enercon Overview
Enercon Overview Business Overview Key Forecast Items – Full Year 2024 Advanced power conversion and networking solutions for aerospace and defense markets Highly-customized (high mix, low volume) solutions $120mm $31mm Headquartered in Netanya, Israel with sites in New Revenue Net Income Hamp
Slide 7: Enercon's Products and Applications
Enercon’s Products and Applications Power Solutions Power Management Networking Solutions Full range of power conversion Power Distribution Unit (PDU) Networking solutions including products (DC/DC, AC/DC etc.) solutions switches, routers, and media Converters, inverters and power Customiz
Slide 8: A Global Platform with Robust Capabilities
A Global Platform with Robust Capabilities LTM Q2’24 $560 million $111 million $671 million Revenue Power & Protection, Power Conversion, Power Product Connectivity, and Management, and Full suite of products and solutions that Families Magnetic Solutions Networking Solutions power, protect and conn
Slide 9: Enercon will more than double Bel's presence in aerospace and defense markets
Enercon will more than double Bel’s presence in the higher-margin aerospace and defense markets, enhancing our financial profile, expanding our product portfolio and diversifying our customer base POWER | PROTECT | CONNECT 8
Slide 10: Appendix
Appendix
Slide 11: Reconciliation of GAAP Net Earnings to EBITDA and Adj EBITDA
Reconciliation of GAAP Net Earnings to EBITDA and Adj EBITDA (in thousands, unaudited) Trailing 12-Month Period Ended Forecast(1) Non-GAAP Financial Measures June 30, 2024 Full Year 2024 (1) The supplementary information included in this presentation for full year 2024 is forecasted and subject to c
Slide 12: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Non-GAAP financial measures identified in this investor presentation as well as in the supplementary information to this investor presentation (EBITDA and Adjusted EBITDA) are not measures of performance under accounting principles generally accepted in the United Sta
Slide 13: POWER
POWER | PROTECT | CONNECT POWER (=) SOLUTIONS & PROTECTION abel group ‘CONNECTIVITY SOLUTIONS .cinch Z| Culine : bel MAGNETIC SOLUTIONS ‘abel aroun ue grep stewart CONNECTOR bel group signal BE TEP comer Y abel group abel group