Bel Fuse Inc. · NASDAQ:BELFA
Bel Fuse — Investor Presentation (2026)
25 slides from Bel Fuse's investor presentation, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation First Quarter 2026
Slide 2: Safe Harbor Statement
Safe Harbor Statement The Company’s consolidated operating results are affected by a Forward-Looking Statements can be identified by such words as wide variety of factors that could materially and adversely affect “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” revenues and profitab
Slide 3: Company Overview
Company Overview Designing and manufacturing critical electronic components, systems and solutions since 1949 Headquarters West Orange, New Jersey NASDAQ BELFA / BELFB Annual Sales* $702M Adj EBITDA / % of Sales* $146M / 20.9% Graphic 3 *Data is for trailing twelve months ended March 31, 2026 3
Slide 4: Business Overview
Business Overview 9% 26% 45% 25% 55% 66% 74% Business Unit Regional Sales Customer Channel Industrial Technology & North America OEM Data Solutions (ITDS) Aerospace, Defense & EMEA Distribution Rugged Solutions (ADRS) APAC Graphic 3 4
Slide 5: Segment Overview
Segment Overview Industrial Technology Aerospace, Defense & Data Solutions & Rugged Solutions End Markets* Products: End Markets* Products: Power Supplies, Circuit Protection, Power, Networking Systems, Connectors, Magjacks, SFP Transceivers, Transformers 7% 3% Cables, Fiber Optics, RF/Microwave 18%
Slide 6: Our Financial Transformation
Our Financial Transformation Historical Revenue / GM% Historical Adjusted EBITDA ($ in millions) Power Connectivity Magnetics GM% ($ in millions) $142.9 $150.0 30.0% 800 $654 $657 0.5 $140.0 $640 $130.0 $116.8 25.0% 700 $120.0 $101.9 $543 $535 0.45 $88.1 600 $110.0 39.1% $100.0 20.0% 37.8% 0.4 $90.0
Slide 7: Our Growth Strategy
Our Growth Strategy The Key Drivers of our Organic and Inorganic Growth Plans Mergers & Acquisitions Internal Sales Initiatives Targeted M&A where the math Rapid Growth and story are compelling End Markets Enhancing Bel’s go-to-market strategy across Bel’s full Core portfolio of products Business De
Slide 8: The Road Ahead: Exciting Growth Drivers
The Road Ahead: Exciting Growth Drivers Continued Strength Rebound Began in 2025; Expected in 2026 Expected to Continue into 2026 Aerospace Defense Distribution Networking Artificial Premise Space Intelligence (AI) Wiring Positive end market trends position Bel for long-term success Graphic 3 8
Slide 9: Growth Driver: Aerospace & Defense (A&D)
Growth Driver: Aerospace & Defense (A&D) Aerospace Applications Sales into A&D End Market 350 Millions • Power backup 300 230% • Connectors for in-flight 250 entertainment system • Cabling to measure fuel quantity 200 150 100 50 Defense Applications - 2023 2024 2025 TTM 3/31/26 • Communications • En
Slide 10: Growth Driver: Data Solutions
Growth Driver: Data Solutions Sales into Data Solutions Market Data Solutions 180 Millions 32% Applications: 160 • Networking • High Performance Computing 140 • Data Storage 120 Products: • Power Supplies 100 • Magjacks • SFP Transceivers 80 60 2024 2025 TTM 3/31/26 Strong OEM customer base and dist
Slide 11: Recent Acquisition: dataMate
Recent Acquisition: dataMate dataMate targets the network edge where high-speed data + power delivery must work over existing copper, avoiding costly rip-and-replace fiber. Expected Benefits Core value proposition: extend life and value of legacy copper infrastructure while supporting modern applica
Slide 12: Bel is poised for growth
Driven by strong financials, diverse markets, and bold innovation, Bel is poised for growth – be part of our next chapter.
Slide 13: Appendix
Appendix
Slide 14: Our Journey of Change To Date
Our Journey of Change To Date 2021 2022 2023 2024 2025 Farouq Tuweiq Pricing Strategy Kenneth Lai Steve Dawson CEO Transition Joins as Bel’s first CFO Round 2 - Targeted VP Asia Operations VP Power Solutions & Protection Farouq Tuweiq appointed CEO February 2021 March 2022 January 2023 July 2024 May
Slide 15: Bel's Executive Team
Bel’s Executive Team Farouq Tuweiq President & CEO Tom Smelker Steve Dawson Lynn Hutkin Suzanne Kozlovsky Kenneth Lai EVP & President, EVP & President, CFO Global Head of People Vice President, Aerospace, Defense & Industrial Technology & Asia Operations Rugged Solutions Data Solutions Uma Pingali S
Slide 16: Product Overview
Product Overview Power Supplies Circuit Protection Magnetics Ethernet Connectors Cable Assemblies Graphic 3 16
Slide 17: Aerospace | End Market Application Example
Aerospace | End Market Application Example Communications Avionics & Flight Controls Power Distribution Propulsion & Engine Systems Featured Products Graphic 3 17
Slide 18: Defense | End Market Application Example
Defense | End Market Application Example Communications Navigation & Mission Systems Power Distribution Engine & Drivetrain Controls Featured Products Graphic 3 18
Slide 19: Data Solutions | End Market Application Example
Data Solutions | End Market Application Example Power Conversion Network Connectivity Signal Integrity & Filtering Power Distribution Featured Products Graphic 3 19
Slide 20: Transportation | End Market Application Example
Transportation | End Market Application Example Train Control Systems Propulsion Safety& Sensing Systems Power Conversion Featured Products Graphic 3 20
Slide 21: Space | End Market Application Example
Space | End Market Application Example Communications & Data Links Payload & Mission Systems Attitude & Navigation Controls Power Distribution Featured Products Graphic 3 21
Slide 22: Comparison of Class A and Class B Shares
Comparison of Class A and Class B Shares¹ Class A Shares Class B Shares ▪ 2,115,263 (16.7% of the total A+B shares outstanding) Shares ▪ If the number of Class A shares outstanding drops below 10% of total ▪ 10,541,050 (83.3% of the total A+B shares outstanding) Outstanding2 A+B shares outstanding,
Slide 23: Reasons for Maintaining the Two-Class Structure
Reasons for Maintaining the Two-Class Structure 1. Unlike other companies with multi-class share structures (e.g., Meta, Alphabet, News Corp), both Bel Fuse’s voting and non-voting shares are publicly traded and widely available to investors ▪ Investors can choose which class of stock to purchase, o
Slide 24: 10-Year Total Shareholder Return
10-Year Total Shareholder Return Bel Fuse Class A Shares 1,063% Bel Fuse Class B Shares 1,016% Proxy Peers¹ 160% Performance Peers² 160% Russell 2000 Index 150% Nasdaq Composite Index 411% 0% 200% 400% 600% 800% 1,000% 1,200% Bel Fuse has created significant value for both Class A and Class B shareh
Slide 25: Nasdaq: BELFA and BELFB Contact
Nasdaq: BELFA and BELFB https://ir.belfuse.com Contact: ir@belf.com