M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Investor Day (May 2026)
41 slides from M-tron Industries's investor day presentation, May 14, 2026
Slide 1: Investor Day, May 12, 2026
1 Mtron’ INVESTOR PRESENTATION ._—— Investor Day May 12, 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement Information included or incorporated by reference in this presentation may contain forward-looking statements. This information may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially d
Slide 3: Mtron Overview
Mtron Overview Mtron (NYSE AM: MPTI) is a NYSE American publicly traded corporation = Formed in 1965 = Aerospace and Defense Focused Since 2004 Acquisition = Listed NYSEAM in October 2022 via Spin Off at ~$13( $10.85-$85.95 Range) = 4.3mm Shares Outstanding!, No Debt, and Free Cash Flow Generation =
Slide 4: Investment Highlights
Investment Highlights Strong revenue growth and cash generation Attractive end markets with long-term contracts and loyal customers Unique capability to manufacture in U.S. for mission critical supply chains Compelling financials with organic and inorganic growth strategy (s] Have production capacit
Slide 5: Mtron At A Glance
Mtron At A Glance Source: Company data ili Mtron” :
Slide 6: Management Team and Board
Management Team and Board Tenured Management Team and Board Provides Mtron with Decades of Experience and Leadership Senior Management Team Cameron Pforr Linda Biles William Drafts Chief Executive Officer & Chief Executive Vice President, President Financial Officer Finance BAIN & COMPANY @ ey) SFLI
Slide 7: A History of Leadership and Innovation
A History of Leadership and Innovation For Over 60 Years, Mtron Has Been a Leader in Supporting Advanced Electronics NYSE american~ 2024 Mtron launches its first @ space —borne IMA 2022 Mtron completes separation from The LGL 2022 Group, Inc., becoming an independent, publicly traded company Mtron l
Slide 8: Mtron At A Glance
Mtron At A Glance Robust Engineered RF Components and Solutions since 1965 $56.4mm 44.9% $76.8mm 12.6% 19-23% 60-80% Sales' Gross Margin' Backlog! Revenue CAGR? Adj EBITDA Margins? FCF Conversion2 FY2025: WM Aerospace & Defense FY2025: Strategically Targeting Larger Opportunities BFilters » Strong C
Slide 9: Unique Product Portfolio...
Unique Product Portfolio... aS «25 Revenue split by Product = Applications within Avionics, Space, Communications, + Applications within Avionics, Communications, Electronic mFilters m Oscillators Other Electronic Warfare, Instrumentation, and Radar Warfare, Instrumentation, and Radar + Products inc
Slide 10: Why are Mtron's oscillators selected?
Why are Mtron’s oscillators selected? Communication d Data Transmission Systems = Low drift enhances faster and error-free transmission = Ultra-low phase noise enables clearer, more reliable data transmission = Low drift improves accuracy of radar measurements = High stability improves jamming, dece
Slide 11: Why are Mtron's filters important?
Why are Mtron’s filters important? Communication and Data Transmission Systems = Higher frequency enhances faster and error-free transmission = Low insertion loss enables clearer, more reliable data transmission Wide Range of Frequencies Available Electronic Warfare (EW) Systems = High selectivity i
Slide 12: Why customers are requesting Mtron provide solutions?
Why customers are requesting Mtron provide solutions? = Mtronuses the same circuit, electromagnetic, mechanical, thermal, and stress analysis modeling tools as our customers, which is effortlessly integrated into the customer's system synthesis = Design collaborationacts an extension of the customer
Slide 13: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term MI New Product Revenue (SM) MllliTotal Revenue ($) -==ASP. Constant Innovation with $110.58 $113.73 Strategic Targeting of Larger Opportunities = Number of pro annually incre ict: increase i FY'21A FY
Slide 14: Servicing High Growth Market Applications
Servicing High Growth Market Applications Electronic Warfare UAV / Drones Space & SATCOM " y Precision-Guided Munitions a 4 Commercial Aerospace —— A -
Slide 15: U.S. DoW Rewriting Procurement Rules
U.S. DoW Rewriting Procurement Rules Modern Conflicts Are Driving Increased Demand for Advanced Weapons Systems Technology Driving Rapid Change U.S. DoW Response Implications for Defense Suppliers Modern warfare based on sensors, ai, control of electromagnetic spectrum, autonomous systems and precis
Slide 16: Munitions Depletion is Real
Munitions Depletion is Real CSIS study on Munitions Depletion Highlights Pressure on US Stockpile Iran conflict has cost US dearly in several critical munitions CSIS team and others tracking usage of critical munitions and estimating time required to replenish US Defense Industrial Base not currentl
Slide 17: Product Applications: Precision-Guided Munitions
Product Applications: Precision-Guided Munitions Radar Guided Pinpoint Missile . = OCXO, TCXO and LC Filter Accuracy with Superior Electronic Technology Missile Data Links + LC Filter and Crystal Filter = Defense agencies are focusing on high- performance, precision strike weapons that have farther
Slide 18: Product Applications: Radar
Product Applications: Radar Precision Surveillance Technology to Ensure — Security © LCFilter, Cavity Filter, = Duplexer, Diplexer, Multiplexer, Cavity Filter, Waveguide Fitter ee Oe y uy Waveguide Filter, LC Filter + LC Filter and Crystal Filter + LC Filter and Crystal Filter “= TCXO, OOK and Qysta
Slide 19: Product Applications: Electronic Warfare
Product Applications: Electronic Warfare High Reli ity Timing, Spectrum & Frequency Control = Current Electronic Warfare systems face the challenge of operating in a more congested RF environment, requiring rugged and precise devices and solutions = The DoD requested $8428 in its FY'24 budget to sup
Slide 20: Product Applications: Commercial Aerospace
Product Applications: Commercial Aerospace Platform Flexibility with Multiple Touchpoints = ~16 design slots on nearly every Boeing and Airbus commercial airplane = Provides rugged, proven, reliable oscillators, clocks, and filters in numerous applications, from flight control to navigation = Serves
Slide 21: Product Applications: Space & SATCOM
Product Applications: Space & SATCOM Designed to Withstand Harsh Environments = Over 80 design wins on satellite platforms and manned spacecrafts = DoDis increasing funding in areas of space situational awareness Missile Warning & Tracking, Protected Tactical Secure SATCOM Communications, and the Gl
Slide 22: Growth Drivers
Growth Drivers Expansion Opportunities Across Multiple High Growth Markets Modernization programs and new system development driving longer-term defense component/subsystem growth ii Mtron”
Slide 23: Large & Growing TAM
Large & Growing TAM Expansion Opportunities Across Multiple Markets Defense Electronics Commercial Aviation SPACE/SATCOM Market Market Market 2022 2024 2022 ~$150B ~$199B ~$77B 2030 2030 2030 ~$234B ~$294B ~$162B Electronic Components Market Size Sin Billions lo 5 ooh 2022 2030 Source: Allied Market
Slide 24: Sales Model - Hybrid, engineering centric model
Sales Model - Hybrid, engineering centric model Rather than relying on high-volume commodity distribution, Mtron uses a hybrid model that combines direct strategic engagement, technical sales expertise, program capture focus, and selective representative/channel partnerships = Direct engagement with
Slide 25: Why does Mtron win?
Why does Mtron win? fii Mtron
Slide 26: Blue-Chip Customer Base
Blue-Chip Customer Base Tenured Industry Relationships With Premier Customers Across Various End Markets Aerospace & Defense LSHARRIS™ LOCKHEED MARTIN? AIRBUS es ii Collins Aerospace nmeon. “eshte carvin, @) L3HARRIS" Sr THALES NORTHROP THALES a Ye Collins Aer GENERAL . BOEING — DYNAMICS Anritsu — L
Slide 27: Global Footprint
Global Footprint Strategically Located to Supply Critical National Security Needs With Ample Capacity For Future Growth Orlando, FL (HO) = 71,000 sq. ft. = AS9100D Design and Manufacturing Facility = ITAR Registered = Sales Office Yankton, SD = 32,000 sq. ft. = AS9100D Design and Manufacturing Facil
Slide 28: Avenues for Growth
Avenues for Growth Mtron’s ability and opportunities for growth have expanded Leverage Customer Relationships Market Driven R&D = Build Mtron into a leading supplier of modules, subsystems and components to the Defense and Aerospace industry Program Focused = Continue to enhance our ability to provi
Slide 29: Investing in Organic Growth
Investing in Organic Growth Current facilities can produce approxi ately $100 million of revenue and we are investing to scale = Touch labor required to scale production of current programs - solderers, RF technicians, maintenance technicians = Process engineers required to expand number of new prod
Slide 30: Mtron - Inorganic Growth Strategies
Mtron - Inorganic Growth Strategies Structural dislocations creates opportunities Mtron as a Holding Company Mtron as a Vehicle Mtron as an Investment Platform Bolt-on Acquisitions = Accretive acquisitions to increase earnings = A&D Tech focus to expand the multiple = Can include component & solutio
Slide 31: Metrics
Metrics Significant improvement in key metrics since spin-off 2022 Revenue Growth Increased from $8.4M/qtr to $14.7M/qtr Tx Increased from 32% to 44% Paix Increased from $503K/qtr to $2,388K/qtr 7 375% Adj. EBITDA Margin Cash Generation Increased from 10.4% to 21.6% T 109%. Increased cash on hand fr
Slide 32: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins FY'20A FY'21A FY'22A FY'23A FY'24A FY'25A 3M FY'253M FY'26 ; aa FY'20A FY'21A FY'22A FY'23A FY'24A FY'25A LTM 3MFY'253MFY'26 FY20A FY2IA FY22A FY'23A FY24A_ FY'25A 3MFY25 3MFY'26 Source: Company Financials. iii Mt
Slide 33: Attractive Long Term Target Model
Attractive Long Term Target Model Increased R&D and Capex Spend Drive Organic Topline Growth in the Mid-Long Term Long Term Organic Goals Aim to consistently exceed industry growth through OU continued investment in R&D resources 12% CAGR 43-46% 21% - 23% Continued design win momentum speaks well to
Slide 34: Mtron 2026 Conference Schedule
Mtron 2026 Conference Schedule Thank You For Attending We hope to see you at an upcoming event... IEEE MTT-S International Microwave Symposium Boston, Massachusetts June 9-11, 2026 16th Annual East Coast Ideas Conference New York, New York June 11, 2026 Planet MicroCap Conference Las Vegas, Nevada J
Slide 35: fii Mtron”
fii Mtron” 35
Slide 36: Thank You
lm Mtron’ Thank You
Slide 37: Appendix
Slide 38: Appendix 1- Reconciliation of Adjusted EBITDA to Income before income taxes
Appendix 1- Reconciliation of Adjusted EBITDA to Income before income taxes (in thousands) FY 2020 FY 2021 Fy 2022 FY 2023 Fy 2024 FY2025_ LIM Q12026 __Q1 2025 QI 2026 Tncome before income taxes S 2893 $ 2113 S$ 2595 $ 4400 S$ 9,775 S$ 10954 $§ 11098 $ 2,114 S$ 2,858 Adjustments: Interest expense (i
Slide 39: What are filters?
What are filters? Electronic filters are essential components in electronic systems for many reasons: aa A circuit ae Gain Selective Recdver = Frequency Selectivity Unselective Recelver — Filters selectively pass or reject specific frequency components of a signal, which is essential in applications
Slide 40: What are oscillators?
at are oscillators? Oscillators are crucial components in various electronics systems that produce: = Clock Generation — A periodic signal that synchronizes digital circuits which is fundamental for coordinating the activities of multiple devices in complex systems in computers and control, communic
Slide 41: What are solutions?
What are solutions? RF Solutions come in a various forms, where Mtron acts as an extension of our customer's Engineering team and designs the complete solution rather than supplying only the components = Our solutions typically integrate multiple microwave and/or RF functions into a single package =