Littelfuse, Inc. · NASDAQ:LFUS
Littelfuse — CL King's 15th Annual Best Ideas Conference 2017
16 slides from Littelfuse's conference presentation, Sep 14, 2017
Slide 1: Investor Presentation
Investor Presentation CL King’s 15th Annual Best Ideas Conference September 14, 2017 1
Slide 2: Additional Information
Additional Information Forward Looking Statements This presentation contains forward-looking statements, which address a variety of subjects including, for example, the expected timetable for closing of the proposed transaction between Littelfuse, Inc. (“Littelfuse”) and IXYS Corporation (“IXYS”) an
Slide 3: Additional Information cont'd
Additional Information cont’d Non-Solicitation This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registrati
Slide 4: Littelfuse: Protect, Control, Sense
Littelfuse: PROTECT | CONTROL | SENSE ▪ Designer, manufacturer, and seller of components and modules for circuit protection, power control, and sensing ▪ Focused on improving the safety, reliability and performance of our customers’ products and systems that use electrical energy LFUS ▪ Global footp
Slide 5: The #1 Brand in Circuit Protection
The #1 Brand in Circuit Protection Expanding Player in Power Control and Sensing Electronics (51%*) Passive Products Semiconductor Products Sensor Products Automotive (39%*) Passenger Car Fuse Products Automotive Sensor Products Commercial Vehicle Products Industrial (10%*) Fuse Products Protection
Slide 6: Strong Track Record of Revenue Growth
Strong Track Record of Revenue Growth Drives Strong Earnings and Cash Generation Cash From Operating Sales Adjusted EPS* Activities $180 $1,056 $166 $153 $6.26 $868 $ in millions $852 $116 $117 $758 $4.73 $4.98 $ in millions $ Per Share $668 $4.42 $3.79 2012 2013 2014 2015 2016 2012 2013 2014 2015 2
Slide 7: IXYS Acquisition
IXYS Acquisition ▪ Littelfuse to acquire IXYS for ~$750M transaction equity value (~$655M enterprise value) (1) ▪ IXYS stockholders receive $23 in cash or 0.1265 of a Littelfuse common share per IXYS share ▪ Transaction expected to close in Q1 2018 ▪ Aligns with five-year strategy to accelerate grow
Slide 8: IXYS Acquisition Strategic Rationale
IXYS Acquisition Strategic Rationale Clear Alignment to Five-Year Littelfuse Strategy Expanded Complementary Accelerates High Footprint in Technology and Customers and Growth Combined Strategic Markets Product Expansion Channels Opportunities Critical Scale ▪ Significant expansion ▪ Adds significant
Slide 9: 2017 Strategy: Accelerated Organic Growth
2017 Strategy: Building On Success to Continue Double Digit Growth Leverage Our Protect Position Within Control Accelerated Global Mega Trends Sense Organic Growth 5% - 7% Grow Accelerate Safety Connectivity Circuit Protection Power Control Complemented with Strategic Double M&A Energy Sensor Effici
Slide 10: Driving Double Digit Revenue Growth
Driving Double Digit Revenue Growth Accelerate Organic Growth Continue Strategic Acquisitions Content and Underpenetrated Share Gains Geographies and Markets Accelerated Organic Growth Cross Segment Increased Opportunities Innovation Confidential and Proprietary | Littelfuse, Inc. © 2017 10
Slide 11: What We Expect to Deliver
What We Expect to Deliver: Continued Strong Financial Performance Double Digit Double Digit Free Cash Flow Balanced Capital Sales Growth EPS Growth Approximates Allocation Net Income ▪ 5% - 7% ▪ 17% - 19% ▪ Strong track record ▪ Return 40% of accelerated organic operating margins of free cash flow f
Slide 12: Capital Deployment
Capital Deployment: Balancing Reinvestment with Return to Shareholders 2013 – 2016 Future Free Cash Cash Priorities Free Cash Deployment Deployment Disciplined Reinvestment to Share Repurchase 10% Drive Organic Growth Share Repurchase 20% Dividends Target Debt / EBITDA Leverage Dividends 20% Remains
Slide 13: Compelling Investment Proposition
Compelling Investment Proposition: A Proven Source of Growth and Value Creation Strong global partnerships Focus on high margin niches High growth markets Operational excellence Leverage favorable mega trends Strong working capital management Enthusiastic, Double digit revenue growth via Passionate
Slide 14: Thank You
Thank You Confidential and Proprietary | Littelfuse, Inc. © 2017 14
Slide 15: Appendix
Appendix PROTECT fy \E contro SENSE
Slide 16: Appendix – 2012 to 2016 Non GAAP measures
Appendix – 2012 to 2016 Non GAAP measures ($ in millions, except per share data) 2012 2013 2014 2015 2016 As Reported (GAAP) Revenue $ 667.9 $ 757.9 $ 852.0 $ 867.9 $ 1,056.2 Operating Income 106.9 129.9 133.8 104.2 130.6 Operating Margin 16.0% 17.1% 15.7% 12.0% 12.4% Diluted EPS (Earnings per share
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