Sensata Technologies Holding Plc · NYSE:ST
Sensata Technologies — Q1 2025 Earnings Presentation
24 slides from Sensata Technologies's earnings presentation, May 8, 2025
Slide 1: Sensata First Quarter 2025 Earnings Presentation
Sensata First Quarter 2025 Earnings Presentation May 2025
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures Safe Harbor Statement This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could,"
Slide 3: Q1 2025 Highlights
Q1 2025 Highlights “We started the year with a strong first quarter which exceeded the high end of ü Exceeded Revenue, Adjusted Operating Income, our guidance ranges. These results reflect and Adjusted EPS expectations early progress from our focus on the key pillars that I shared earlier this year
Slide 4: Global footprint with flexible in-region, for-region production model
Sensata has a global footprint with a flexible in-region, for-region production model 2024 Regional 2024 US Revenue Global Tariff Revenue Mix* Production* Implications ~$15M per quarter of tariff Of Sensata's Global Revenue: Of Sensata’s US Revenue: cost in the US • approx. 38% is derived • approx.
Slide 5: Q1-2025 Financials and Q2-2025 Financial Guide
Q1-2025 FINANCIALS AND Q2-2025 FINANCIAL GUIDE
Slide 6: Q1-2025 Operating Results
Q1-2025 Operating Results • Revenue of $911.3 million up $4 million sequentially from Q4 2024 • Adj. Operating Income of $166.5 million or 18.3% consistent with expectations as Sensata returns to Delivered strong Q1 more normalized seasonality related to the timing of price and productivity operatin
Slide 7: Q1-2025 Segment Performance
Q1-2025 Segment Performance Segment $ in millions Q1-2025 Q1-2024 Y/Y B/(W) Revenue Performance Sensing Net Revenue Growth decreased Y/Y primarily due to divested Net Revenue $650.4 $713.3 $(62.9) (8.8) % products, lower light vehicle production Performance Sensing(1) Adj. Operating Income $142.9 $1
Slide 8: Continued Y/Y improvement in Free Cash Flow enables return of capital
Continued Y/Y improvement in Free Cash Flow enables prioritization of return of capital $87 million $0.12/share Q1 2025 Free Cash Flow Q1 2025 dividend payments Increase of 35% Y/Y $18 million of cash returned to shareholders $101 million 3.1x Q1 2025 share repurchases Net leverage ratio as of March
Slide 9: An uncertain market outlook due to potential production cuts from tariffs
An uncertain market outlook due to potential production cuts resulting from tariffs Performance Sensing Sensing Solutions Production volatility as OEMs navigate tariffs First quarter of Revenue growth since Q2 2023 Automotive Industrial • First half production schedules volatile in North • Returned
Slide 10: Q2-2025 Financial Guidance
Q2-2025 Financial Guidance Revenue increases slightly from Q1 to Q2, including approximately $20 million of expected $ in millions, except EPS Q2-25 GUIDANCE Q1-25 B/(W) pass-through revenues from tariffs Revenue $910 – $940 $911 0%-3% Adjusted Operating Income up sequentially as productivity gains
Slide 11: Q1-2025 Financial Summary
Q1-2025 Financial Summary $ and shares outstanding in millions, except EPS Q1-2025 Q1-2024 Y/Y B/(W) Revenue decreased primarily due to divested products and lower end market Revenue $911.3 $1,006.7 (9.5) % production Adj. Gross Profit $278.2 $318.6 (12.7) % % Revenue 30.5 % 31.6 % Adjusted Operatin
Slide 12: Appendix A: Other Financial Information
APPENDIX A: OTHER FINANCIAL INFORMATION
Slide 13: Q1-2025 GAAP Results
Q1-2025 GAAP Results $ and shares outstanding in millions, except EPS Q1-2025 Q1-2024 B/(W) Revenue $911.3 $1,006.7 (9.5) % Gross Profit $272.6 $317.4 (14.1) % (% of revenue) 29.9 % 31.5 % R&D $36.8 $45.3 18.8 % (% of revenue) 4.0 % 4.5 % SG&A $86.0 $88.0 2.3 % (% of revenue) 9.4 % 8.7 % Amortizatio
Slide 14: Q1-2025 Cash Flow Statement
Q1-2025 Cash Flow Statement $ in millions Q1-2025 Q1-2024 B/(W) Net Income $69.9 $76.0 (8.0) % Depreciation & Amortization $61.5 $72.0 14.6 % Changes in Working Capital ($22.7) ($62.9) 63.9 % Other $10.5 $21.4 (51.0) % Operating Cash Flow $119.2 $106.5 11.9 % Capital Expenditures ($32.6) ($42.1) 22.
Slide 15: Balance Sheet
Balance Sheet $ in millions MAR 31, 2025 DEC 31, 2024 Total Assets $ 7,177.1 $ 7,143.3 Working Capital $ 1,304.6 $ 1,315.9 Intangibles, Net & Other Long-Term Assets $ 5,078.9 $ 5,116.0 $ in millions MAR 31, 2025 DEC 31, 2024 Cash & Equivalents $ 588.1 $ 593.7 Current Debt $ 2.1 $ 2.4 Net Cash $ 586.
Slide 16: Appendix B: GAAP to Non-GAAP Reconciliations
APPENDIX B: GAAP TO NON-GAAP RECONCILIATIONS
Slide 17: Non-GAAP Measures
Non-GAAP Measures We supplement the reporting of our financial information determined in accordance with U.S. generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measures. We use these non-GAAP financial measures internally to make operating and strategic decisions, inc
Slide 18: Non-GAAP Measures – continued
Non-GAAP Measures – continued Free Cash Flow – is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software. We believe free cash flow is useful to management and investors as a measure of cash generated by business operations that
Slide 19: Adjusted EBITDA
Adjusted EBITDA In thousands Period Total Sensata LTM Q1-2025 Q4-2024 Q3-2024 Q2-2024 Q1-2024 Net income/(loss) $ 122,375 $ 69,919 $ 5,787 $ (25,034) $ 71,703 $ 76,021 Interest expense, net 138,639 33,683 36,810 33,085 35,061 34,657 (Benefit from)/provision for income taxes (142,162) 20,722 29,408 (
Slide 20: Free Cash Flow
Free Cash Flow $ in thousands Q1 Total Sensata 2025 2024 Change Net cash provided by operating activities $ 119,199 $ 106,487 11.9 % Additions to property, plant and equipment and capitalized software (32,575) (42,130) 22.7 % Free cash flow $ 86,624 $ 64,357 34.6 % 20 SENSATA Q1-2025 EARNINGS PRESEN
Slide 21: Debt and Leverage Ratio (Gross and Net)
Debt and Leverage Ratio (Gross and Net) $ in thousands As of Total Sensata 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Current portion of long-term debt and finance lease obligations $ 2,130 $ 2,414 $ 2,076 $ 702,701 $ 2,340 Finance lease obligations, less current portion 20,627 20,984 21,702
Slide 22: Adjusted Taxes and Adjusted Tax Rate
Adjusted Taxes and Adjusted Tax Rate $ in thousands Q1 Total Sensata 2025 2024 Provision for income taxes $ 20,722 $ 22,570 Non-GAAP adjustments: Deferred income tax and other tax expense 2,234 1,286 Current tax effect of non-GAAP adjustments 1,084 (183) Adjusted taxes $ 17,404 $ 21,467 Adjusted inc
Slide 23: Adjusted Corporate and Other Expenses
Adjusted Corporate and Other Expenses In thousands Q1 Total Sensata 2025 2024 Corporate and other expenses $ (69,189) $ (63,954) Non-GAAP adjustments: Restructuring related and other 15,767 2,192 Financing and other transaction costs 1,011 3,647 Total adjustments 16,778 5,839 Adjusted corporate and
Slide 24: Other GAAP to Non-GAAP Reconciliations
Other GAAP to non-GAAP Reconciliations $ in thousands (except EPS amounts) Q1-2025 Q1-2024 Operating Operating Operating Operating Total Sensata Net Income EPS Net Income EPS Income Margin Income Margin Reported (GAAP) $ 122,196 13.4 % $ 69,919 $ 0.47 $ 144,792 14.4 % $ 76,021 $ 0.50 Non-GAAP adjust