M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Investor Presentation (May 2024)
40 slides from M-tron Industries's investor presentation, May 7, 2024
Slide 1: Investor Presentation May 2024
MtronPTI ZY INVESTOR PRESENTATION aaa May 2024 -
Slide 2: Safe Harbor Statement
Safe Harbor Statement Information included or incorporated by reference in this presentation may contain forward-looking statements. This information may involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially d
Slide 3: Agenda
Agenda @ Product Tutorial SN. 2) Investor Presentation C3} Questions & Answers i MtronPT}
Slide 4: What is M-tron Industries, Inc. (NYSE American: MPTI)?
stries, Inc. (NYSEAM:MPTI)? MPTlis a high technology firm that designs and manufactureshighly reliable, precision: MtronPTI_ QS MtronPTy
Slide 5: What Are Oscillators?
What Are Oscillators ? Oscillators are crucial componentsin various electronics systems that produce: = Clock Generation ignal that = Frequency Generation = Si ommunication, Radars and lectronic Warf Controlling h minimal phase ures Méronety
Slide 6: Why are MPTI's Oscillators Important?
Why are MPTI's Oscillators Important? Communication and Data Transmission Systems aaa dane eeauer eran Pea ia oe aaa eames 1 Give toe haat pons cncieceatec nots eeavedettcrenieten re World's Best Performance Best In-Class Phase Noise & Vibration Immune O¢XO + Highstabityimprovesjamming, deception, n
Slide 7: What Is A Filter?
What Is A Filter? Electronic filtersare essential components in electronic systems for many reasons: = Frequency Selectivity al, which onic warfare — Filters selec frequen components 0 tion, radars, and cd to be separated to avoid int radio comm essential in applicat where different chan xtract desi
Slide 8: Why Are MPTI's Filters Important?
Why Are MPTI's Filters Important? Communication and Data Transmission Systems Electronic Warfare (EW) Systems = Higher frequency enhances faster and error * High selectivity improvesjamming, = High selectivity improves accuracy of radar free transmission deception, and intelligence gathering measure
Slide 9: What Are Solutions?
What Are Solutions? Solutions come ina various forms, suchas an Integrated Microwave Assembly (IMA) or as a Multi-Function Module(MFM), where MPTIacts as an extension of our customer's Engineering teamand designsthe complete solutionrather than supplying only the components
Slide 10: Why Use MPTI to Provide Solutions?
Why Use MPTI to Provide Solutions? = MPTI usesthe same circuit, electromagnetic, mechanical, thermal, and stressanalysis modeling toolsas our customers, which is effortless integrated into the customer's system synthesis = Design collaboration acts an extension of the customer's design team an resou
Slide 11: MPTI Overview
MPTI Overview MPTI is aNYSEAM publicly traded corporation y
Slide 12: MPTI Value Creation
MPTI Value Creation $115mm market cap (Jan 2024) MPTI) Defense frequency control engin Developand Deliver 45.00
Slide 13: MPTI Trading Statistics & Market Data
MPTI Trading Statistics & Market Data + [ MF rel) | ce 31 aE 36257 Pome Racomaare aes Schagetor 6.84 omenroy tT pe Prshre ens Soi ign 65.40 Sate Low 1085 Foyt Share ustancing 288 Mart Capitation om (eaehaceahEulalns 38 Fen ReseuchAnayet ‘Rating eee reason a Sidoi8Compary _Anjodestrom ® Pa TaterpeeVa
Slide 14: Outperformance vs. Peers
Outperformance vs. Peers Since its Spinoff in Late 2022, MPT! has Significantly Outperformed the Broader Market & its Peers —ser son S MérdnPT} —s° Global 1200-BecronieComponents 10% ae 81% PTI Returns 42% won ‘S&P Returns = 21% co Peers Returns (son) (00% Oct-22 Nov-22 De6-22 Jan-23 Feb-23 Mar23 Ap
Slide 15: MPTI At A Glance
MPTI At A Glance Robust Engineered RF Components and Solutions since 1965 a Aerospace & Ostece a Fiters m Avionics f tm Oscltstore nee Resonators & Industrie soitens Strategically Targeting Larger Opportunities > 260 New Products Launched Annually(5 Year Average) > Record number of Products>$1M Annu
Slide 16: MPTI At A Glance
| At A Glance )) Vertically Integrated RF Solutions Blue-Chip Customer Base Strong Market Performance
Slide 17: A History Of Leadership & Innovation
A History Of Leadership & Innovation NYSE american 1965 ae oer Lynch Corparation(predecessorto The LGL Group)acquires Mtron 2004 2002 tron purchasesassets of Champion Technologies (formerly Motorola} ‘adding VCXO, TCXOandtiming solutions 2017 Miron acquires! HtronPTlintroducesits frst electronical s
Slide 18: Global Footprint
Global Footprint Strategically Located With Capacity For Future Growth Orlando, FL(HO) Over 100,000 sq. ft. of Design and Manufacturing Space + 7100009. ft see Bt saggy entton. " fs ee New Delhi, india \ ° Yankton, SD + 32,0009. #. New Delhi, India =, + 13,000q. ft 01:2016 Manufacturing Ft Manufactu
Slide 19: Highlights
Highlights Large & Growing TAM with Diverse End Markets Pa Unique Go-To-Market Strategy & Vertically Integrated Product Offerings i . MtronPTI Fa Blue-Chip Customer Base on Long Running Programs and Sticky Contracts EF) Compelling Financials with Organic & Inorganic Growth Strategy Fam Proven & Expe
Slide 20: Defense Electronics, Commercial Aviation, SATCOM Markets
Defense Electronics Commercial Aviation SATCOM Market Market Market 2022 2024 2022 ~$150B ~$199B ~$77B 2030 2030 2030 ~$294B Electronic Components Market Size 2022 $323 2030
Slide 21: Macro Trends Favorable to MPTI
Macro Trends Favorable to MPTI Increased Network Communication Programs and Global Threats Drive A&D Spending Defense defense spendin higher electronics networked Avionics om Ss Se rg concerns, — commercial aircraft build rates and backlogs remain elevated Satellite Industrials & *, loco aware sare.
Slide 22: Serving Diverse & Attractive End Markets
Serving Diverse & Attractive End Markets Secular Market Tailwinds With Established and Growing Customer Base Aerospace & Defense —_ oe ‘spectrum and frequency tr 1+ Harshenitonment oseilaters and leading edge resonator technology product reduce temperature and vraton tects + lott fet increatng by 80
Slide 23: Unique Product Portfolio
Unique Product Portfolio... CS 1725 Revere spit by Product Applications within Avions, Communications. Elect farmers Oscmators = Resonators 8 Solutions Warfare, netrumentation, ad Radar face, Instrumentation, and Radar + Productsinclude Crystal LC, Cavity, Planar Waveguide, + Products include X0, TO
Slide 24: MtronPT
MtronPT
Slide 25: Integrated Through Product Lifecycle
tel) inte ated Through Product Lifecycle n Relationship Drive Ensuring Premier Quality 3. Manufacturing 4, Sale / Delivery ZX pee Sores Company ata
Slide 26: Blue-Chip Customer Base
Blue-Chip Customer Base Tenured Industry Relationships With Premier C\ stomers Across Various End Markets Aerospace & Defense LSHARRIS & ia Colins Aerospace RIS” Lockneeo mann AIRBUS aoe mT “REE carn, @ LaHARRIS sane Sree THALES NORUERGAN THALES noes GENERAL ‘ Riss Seon SyYNAMICS Anritsu @ rs LQHARR
Slide 27: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term Constant Innovation with tm New Product Revenue($M) —_m Total Revenue($M) Strategic Targeting of 412 Larger Opportunities $30.0 d $10.2 (34%) FY20A , MtronPT}
Slide 28: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins FY20A FYZIA. FY22A FY25A «LT OIFY'23.“O1FY'24 ONFY2s O1FY24 djuste iw, j $45.5 x 3) J FY20A FY2IA.FY22AFY25A—«LTM_—OIFY23.“O1FY'24 FY20A —FY2IA.— FY 22A—FY25A—OIFY23.—(OIFY'24 Meron eT ‘ames GEBTon ele non-core Co
Slide 29: FY'24 Outlook
FY'24 Outlook Well-Positioned for Continued Growth FY'24E Guidance $43M - $45M 42% - 44% Revenue Gross Margin 19% - 21% $49M - $50M Adjusted EBITDA Margin Backlog i
Slide 30: Multi-Pronged Strategy for Sustained Growth
Multi-Pronged Strategy for Sustained Grow MPTI's Strategy P 1 Company Towards Future Growth on Both an Organic and Inorgani Strong Foundation Today _ ...Driving Future Growth Positioned for Organic Growth 58+ >350 Oe en ee aoe eens * Long running rlationshipswith over 70 customerswitha 10+ year hist
Slide 31: Questions
Questions MéroneTy
Slide 32: MtronPTI 2024 Conference Schedule
MtronPTI 2024 Conference Schedule 26% Annual Needham Thank You For Attending Growth Conference New York, New York January 16-19, 2024 MicroCap Conference AtlanticCity, WI January 30-Febrvary!, 2024 MtronPTI Investor Day We hope to see you at an sos upcoming event... Ideas Conference New York, New Yo
Slide 33: Appendix
Appendix
Slide 34: Management Team & Board
Management Team & Board Tenured Management Team And Board Provides MPT! With Decades of Experience and Lead Senior Management Team Michael J. Ferrantino Chiat Executive Oicer ‘BOARD MEMBER e cis Linda Biles William Drafts Erecutive Vee President President Finance a rum oe nose Non-Executive Board Me
Slide 35: Product Applications: Commercial Aerospace
Product Applications: Commercial Aerospace Platform Flexibility with eee Multiple Touchpoints ron cont ry-oy-we) —NgENEY Beacon system LS Eonar oc Oar + ~18design slots onnearly and Airbus ‘Cavity Fter, LO Fler, Ceramic Fiter and Toxo 1 TEXO LE iter Crystal Fier Instrument Landing Systems(Ls) + Chek
Slide 36: Designed to Withstand Harsh Environments
Designed to Withstand Harsh Environments 80 design winson. satellite platforme and ity Fer, Lo Fter "+ GCXO, OCXO wth PLL VOTEXO, VCXO, TCXO, Crystal iter Timing 2 Crystal Resonator Crystal Fite, Cavity iter, LC Fer, Diplxe,N pleser Cavity Fite, Le Fiter, Opler, Front End Tranamstter Nepleer * ceyst
Slide 37: Product Applications: Electronic Warfare
Product Applications: Electronic Warfare High Reliability Timing, panes ‘Spectrum & Frequency + Duper, leer, Mutsesr, Cavity Fite. Wave Fiter ter Teanarter Control “ ‘© LC Filter, Cavity Fiter, Woreguide Fite, Power Anpiier 2 Leiter ana Cryetal iter OenarTexo utilize MPTIs precise resonators, clocks
Slide 38: Precision Missile Defense Applications
Precision- Pinpoint Missile Made et cn Accuracy with Superior Ce Electronic Technology e sete Data Unks * LE and CystlFiter ‘+ MPTI hae several design wine for clocks. oscillators, and filtere within various Missile DefensePrograms MéroneTy
Slide 39: Product Applications: Radar
Product Applications: Radar Precision Surveillance Technology toEnsure Security C Fite andr + Both commercial and military aircraft utilize MPTI components: MtronPTy
Slide 40: Detailed Income Statement Summary
Detailed Income Statement Summary Healthy Topline Growth Alongside Meaningful Backlog And Margin Expansion FY'23 Commentary + Revenue: n _ = B