Littelfuse, Inc. · NASDAQ:LFUS

Littelfuse — Q2 2023 Earnings Presentation

23 slides from Littelfuse's earnings presentation, Aug 2, 2023

  1. Slide 1: Q2 2023 Earnings Release

    Q2 2023 EARNINGS RELEASE August 1, 2023 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: Q2 2023 Highlights

    Q2 2023 HIGHLIGHTS  Solid financial results  Revenue $612m  Adj. Operating Margin 16.8%  Adj. Diluted EPS $3.12  Adj. EBITDA 22.5%  Advanced strategic investments in high-growth end markets  Entered into purchase agreement to acquire 200mm wafer fab from Elmos Semiconductor SE  Will compleme

  5. Slide 5: 2021 – 2025 Growth Strategy

    2021 – 2025 GROWTH STRATEGY EMPOWERING A SUSTAINABLE, CONNECTED, AND SAFER WORLD Our capabilities, investments & diversification deliver significant value Littelfuse, Inc. © 2023 5

  6. Slide 6: 2022 Sustainability Report Highlights

    2022 SUSTAINABILITY REPORT HIGHLIGHTS Environment Social Governance 22% 2.5 Hours per Employee decrease in Scope 2 GHG emissions intensity of annual Ethics & Compliance training 138% Refined values to support long-term growth strategy 99% increase in renewable energy Average completion 12% America’s

  7. Slide 7: Industrial End Markets Positioned for Accelerated Growth

    INDUSTRIAL END MARKETS POSITIONED FOR ACCELERATED GROWTH Q2 2023 Highlights  Leading technologies critical for empowering greater sustainability & safety  High-performing solutions driving significant new business wins in renewables, industrial safety, HVAC, & motor drives  Solar, battery storage

  8. Slide 8: Transportation End Markets Extending Our Leadership Position

    TRANSPORTATION END MARKETS EXTENDING OUR LEADERSHIP POSITION Q2 2023 Highlights  Continued double-digit content outgrowth across passenger vehicle product portfolio  Robust new design wins driven by technical expertise & range of reliable products  Electrification: on-board charging, high-voltage

  9. Slide 9: Electronics End Markets Expanding Our Leadership

    ELECTRONICS END MARKETS EXPANDING OUR LEADERSHIP Q2 2023 Highlights  Global reach & superior design support accelerating design wins for next generation applications  Safety – critical lifesaving medical devices  Wearable defibrillators, implantable devices  Connectivity – datacenters, communica

  10. Slide 10: Financial Update

    FINANCIAL UPDATE Meenal Sethna, EVP & CFO

  11. Slide 11: Q2 2023 Total Company Financial Performance

    Q2 2023 TOTAL COMPANY FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-1%) / (-8%) organic, vs PY  Acquisitions +7%  GAAP op margin 15.0%; adj. op margin 16.8%  YTD margins: GAAP operating 16.6%; adj. operating 17.9% & adj. EBITDA 23.6%...aligned with targets $618 $612  Non-ope

  12. Slide 12: Q2 2023 Electronics Segment Financial Performance

    Q2 2023 ELECTRONICS SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-2%) / organic (-13%), vs PY  +11% C&K acquisition  Organic strength in margin performance $358 $350 within transitory destocking environment  Continued momentum across portfolio  Growth areas…industria

  13. Slide 13: Q2 2023 Transportation Segment Financial Performance

    Q2 2023 TRANSPORTATION SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue (-5%) / organic (-6%), vs PY  Passenger vehicle growth +7%​  Significant driver of company-wide double-digit content outgrowth​ $182 $172  Commercial vehicle business organic (-17%)​  Higher than anti

  14. Slide 14: Q2 2023 Industrial Segment Financial Performance

    Q2 2023 INDUSTRIAL SEGMENT FINANCIAL PERFORMANCE (in millions) Revenue Highlights  Revenue +15% / organic +9%, vs PY  Western Automation acquisition +6%​ $90 $78  Wins across higher-growth and newer end markets  Renewables, energy storage, industrial automation, & safety​ Q2-22 Q2-23 Op Margin 1

  15. Slide 15: Q3 2023 Guidance

    Q3 2023 GUIDANCE (in millions) Highlights Revenue  Macro view  Continued growth in renewables, industrial, medical, cloud/AI, electrification themes  Ongoing inventory destocking across Electronics & Transportation segments through this year $659 $612 $595 - $570  Q3 Sales $570 - $595m  (-12%)

  16. Slide 16: Full Year 2023 Considerations / Expectations

    FULL YEAR 2023 CONSIDERATIONS / EXPECTATIONS  F/X (-$0.35) EPS impact, neutral to sales at current F/X rates  Expect to maintain company adjusted operating margins in high-teens  Other Assumptions  $66m amortization expense  $40m interest expense at current rates  Adj. tax rate 18 – 19%  Inve

  17. Slide 17: Diversification Delivers Double-Digit Revenue & Earnings CAGR

    DIVERSIFICATION OF TECHNOLOGIES, END MARKETS & GEOGRAPHIES DELIVERS DOUBLE-DIGIT REVENUE & EARNINGS CAGR $18.00 $2,500 15-, 10-, 5-yr CAGRs*  Expanded Sales +11% to +16% $2,250 Adj EPS +17% $16.00 market leadership & $2,000 $14.00 profitability $1,750 $12.00  Playbook to successfully Sales $1,500

  18. Slide 18: Appendix

    APPENDIX Littelfuse, Inc. © 2023 18

  19. Slide 19: Supplemental Financial Information

    SUPPLEMENTAL FINANCIAL INFORMATION Littelfuse, Inc. © 2023 19

  20. Slide 20: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 20

  21. Slide 21: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 21

  22. Slide 22: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 22

  23. Slide 23: Supplemental Financial Information Cont'd

    SUPPLEMENTAL FINANCIAL INFORMATION CONT’D Littelfuse, Inc. © 2023 23

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