Slide 1: Midwest IDEAS Conference
Midwest IDEAS Conference August 26, 2025 Nasdaq: STRT Jennifer Slater President and CEO Matthew Pauli Senior Vice President and CFO www.strattec.com
Slide 2: Safe Harbor Statement
Safe Harbor Statement Safe Harbor Statement Certain statements contained in this presentation contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words or phrases such as “an
Slide 3: Delivering Innovative, Comprehensive Range of Solutions to the Automotive Industry
Leader in Delivering Innovative, Comprehensive Smart Vehicle Access, Security and Range of Solutions to the Automotive Industry Authorization Solutions Nasdaq: STRT Founded: 1908 Public: 1995 Market Capitalization: $296M Recent Closing Price: $75.89 52-week High/Low: $83.00 / $31.57 Avg. Trading Vol
Slide 4: Leading Capabilities & Low-cost Manufacturing
Leading Capabilities & Low-cost Manufacturing FY2025 REVENUE: $565.1M Milwaukee, WI • STRATTEC HQ Auburn Hills, MI Sales By Customer • Sales • Sales • Engineering Com’l & • Engineering • Program Management Other • Testing OEMs • Prototype • Manufacturing 12% Development Tier 1 • Die cast • Testing 1
Slide 5: Transforming Strattec
Transforming Strattec Building the Team Driving to Operational Creating Revenue Developing Modernization • Investing in upgrading talent and Excellence Opportunities Plan enhanced leadership • Optimizing cost structure • Captured $8 million in annualized • Upgrade equipment • Breaking down organizat
Slide 6: FY25 Value Creation
FY25 Value Creation FOCUSED ON OPERATIONAL EXCELLENCE CASH SUPPORTS TRANSFORMATION EFFORT • Simplified organization including 15% headcount reduction ($ in millions) • Modernizing infrastructure and systems $84.6 • Implementing best-in-class processes • Strengthening operational discipline and accou
Slide 7: Platform Solutions
Platform Solutions SECURITY & AUTHORIZATION VEHICLE ACCESS SELECT USER INTERFACE CONTROLS Passive Entry Power Access Solutions Steering Wheel Passive Start Tailgates and liftgate Switches Systems Sliding and swing doors Decklid and frunk Locksets & Latches Key Fobs & Steering Tailgates and liftgate
Slide 8: Strattec Q4 FY2025 Quarter and Fiscal Year Highlights
OPERATIONAL CASH FLOW: Generated $30.2 million in Q4 • FY2025 cash from operations of $71.7 million Strattec REVENUE GROWTH: Primarily driven by strategic pricing and higher demand Q4 FY2025 • Q4 FY25 revenue up $9.0 million, or 6.3%, to $152.0 million • FY 2025 5% revenue growth reflects net new pr
Slide 9: Financial Review
Financial Review Progress demonstrated in margin expansion and cash generation 9
Slide 10: Strong Customer Relationships & Diverse Products
Strong Customer Relationships & Diverse Products ($ in millions) NET SALES GROWTH $565.1 $537.8 $485.3 $493.0 $152.0 $143.1 $452.3 Q4 FY24 Q4 FY25 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Q4 FY25 net sales up $9.0 million, or 6.3% FY25 net sales up $27.3 million, or 5.1% vs. FY24 + $3.7 million strat
Slide 11: Higher Gross Profit and Margin Expansion
Higher Gross Profit and Margin Expansion ($ in millions; narrative compared with prior-year period unless otherwise noted) GROSS PROFIT & MARGIN (QTR) Gross margin expanded 370 basis points in Q4 + Stronger US dollar $25.4 • $3.0 million, or 210 bps, FX benefit $18.6 • Current rate of ~20 MXN peso a
Slide 12: Strengthening Operations for Efficiency
Strengthening Operations for Efficiency ($ in millions; narrative compared with prior-year period unless otherwise noted) ES&A(1) | % OF SALES (QTR) Increase in SAE(1) exaggerated with PY $4.7 million benefit of one- time engineering (ED&D) recovery $16.9 • Holds steady at 11.1% of sales • $2.2 mill
Slide 13: Enhanced Earnings Power
Enhanced Earnings Power ($ in millions except earnings per share data; narrative compared with prior-year period unless otherwise noted) NET INCOME(1) (QTR) ADJ. NET INCOME(2) (QTR) ADJ. EBITDA(2) & MARGIN (QTR) FY2025 Net Income(1) up 14.5% $13.8 $13.0 FY2025 Adj. EPS(2) grew 75% to $9.6 $9.8 $8.5
Slide 14: Strong Cash Generation
Strong Cash Generation ($ in millions; narrative compared with prior-year period unless otherwise noted) CAPITALIZATION Q4 FY2025 cash flow from operations increased June 30, June 29, $10.7 million 2024 2025 • Higher cash earnings and improved working capital including Cash and cash equivalents $ 25
Slide 15: Strattec FY 2026 Expectations
REVENUE: Modestly down to flat • Reflects lapping recent product launches, primarily in 2H 2025 • Customers in between launch cycles • Weak market forecasts reflect continued uncertainty MARGINS: Modest improvement Strattec • Captured low hanging fruit FY 2026 • Volume impacts, material and labor co
Slide 16: Strattec Investment Rationale
Strattec Investment Rationale Early stages of transformation to strengthen earnings power and competitive position Reimagining product portfolios to drive sustainable growth Improving operational efficiency to drive profits and consistency Developing team and talent to execute change Strong balance
Slide 17: Q&A
Q&A STRATTEC
Slide 18: Investor Relations Contact
Nasdaq: STRT August 26, 2025 Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@allianceadvisors.com www.strattec.com 18
Slide 19: Supplemental Slides
Nasdaq: STRT Supplemental Slides August 26, 2025 www.strattec.com 19
Slide 20: Manageable Tariff Exposure
Manageable Tariff Exposure TA R I F F I M PA C T Well positioned to manage dynamic Direct: Indirect: tariff environment. • Current incremental tariffs impact ~$30m • Uncertainty in potential changes in North of sales (6% of consolidated sales) American automotive production schedules • Total estimat
Slide 21: Served Customer Vehicles
Served Customer Vehicles The vehicles listed below include models of various powertrain types—including electric (EV), hybrid, and internal combustion engine (ICE) platforms. Because our products are powertrain agnostic, our technologies can be integrated across these different configurations withou
Slide 22: Variety of Competitors Across Product Categories
STRATTEC Variety of Competitors Across Aisin Inteva Shinchang Industry Product Categories: Atech Motorsports Kiekert Stabilus Door Handles Brose Magna Tokai Rika Group Keys & Locksets Edscha Marquardt Group U-Shin Ltd. Power Access GECOM Corp Mitsuba Valeo User Interface Controls Honda Lock Novares
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures Fi scal 2024 Fi scal 2025 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total ADJUSTE D NE T SALE S: Net Sales (GAAP) 135,406 118,532 140,773 143,055 $537,766 139,052 129,919 144,082 152,013 $ 565,066 Adjustments: - Retroactive FY23 one-time pricing recovery (7,
Slide 24: Reconciliation of GAAP to Non-GAAP Financial Measures
Reconciliation of GAAP to Non-GAAP Financial Measures ADJUSTE D NE T INCOME AND E ARNINGS/ (LOSS) PE R SHARE : Net income attributable to Strattec (GAAP) $ 4,165 $ 1,022 $ 1,506 $ 9,620 $ 16,313 $ 3,703 $ 1,319 $ 5,396 $ 8,267 $ 18,685 Adjustments: Restructuring and similar charges 265 3 - 63 331 -