Strattec Security Corporation · NASDAQ:STRT

Strattec Security — Q1 2026 Earnings Presentation

13 slides from Strattec Security's earnings presentation, Oct 30, 2025

  1. Slide 1: Q1 FY2026 Financial Results Conference Call

    Q1 FY2026 Financial Results Conference Call October 30, 2025 Nasdaq: STRT Jennifer Slater President and CEO Matthew Pauli Senior Vice President and CFO www.strattec.com

  2. 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

  3. Slide 3: Q1 FY2026 Quarter and Fiscal Year Highlights

    OPERATIONAL CASH FLOW: Generated $11.3 million in Q1 FY26 • Ended the quarter with $90.5 million in cash on hand REVENUE GROWTH: Primarily driven by higher demand on current Strattec platforms, accretive pricing, favorable sales mix and net new program Q1 FY2026 launches • Q1 FY26 revenue up $13.3 m

  4. Slide 4: Transformation: Driving Operational Improvements

    Transformation: Driving Operational Improvements EXECUTE PLAN TO DELIVER VALUE CASH CUSHION FOR CHALLENGING TIMES • Continue to streamline operations, including recent Mexico ($ in millions) restructuring expected to deliver ~$1 million in annualized $90.5 savings $84.6 • Strengthen operational disc

  5. Slide 5: Strong Customer Relationships & Diverse Products

    Strong Customer Relationships & Diverse Products ($ in millions) Q1 FY26 NET SALES GROWTH Q1 FY26 SALES BY CUSTOMER Q1 FY26 SALES BY PRODUCT $152.4 $139.1 10% 7% 27% 9% 25% 11% 2% 13% 15% Q1 FY25 Q1 FY26 25% 22% 19% 15% Q1 FY26 net sales up $13.3 million, or 9.6% + $4.3 higher demand on existing pla

  6. Slide 6: Expanding Gross Margin and Managing SAE

    Expanding Gross Margin and Managing SAE(1) ($ in millions; narrative compared with prior-year period unless otherwise noted) Q1 FY26 gross margin expanded 370 basis points y/y GROSS PROFIT & MARGIN + Pricing actions, higher production volume, and restructuring savings drove improvement $26.3 + $1.3

  7. Slide 7: 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) $8.3 $8.5 $9.2 $8.5 $15.6 $12.9 $13.0 $5.4 $6.1 $9.9 $4.7 $8.0 $3.7 $2.6 $1.3 6.1% 8.9%

  8. Slide 8: Strong Cash Generation & Capital Flexibility

    Strong Cash Generation & Capital Flexibility ($ in millions; narrative compared with prior-year period unless otherwise noted) CAPITALIZATION Cash flow from operations of $11.3 million • Continued strong cash earnings and disciplined working-capital June 29, September 28, management 2025 2025 • Quar

  9. Slide 9: Near-term Headwinds, Outlook, & Strategic Initiatives

    REVENUE: Supply chain expected to impact Q2 FY26 • Aluminum fire and semiconductor chip shortage constrains production in the quarter and possibly into Q3 FY26 Near-term • Sales linked to OEM production rates and U.S. SAAR MARGINS: Headwinds with industry disruption for Q2 FY26 Headwinds, • Recent a

  10. Slide 10: Q1 FY2026 Financial Results Supplemental Slides

    Q1 FY2026 Financial Results Supplemental Slides www.strattec.com

  11. Slide 11: Reconciliation of GAAP to Non-GAAP Financial Measures

    Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands) Fiscal 2025 Fiscal 2026 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total NET SALES: Net Sales (GAAP) 139,052 129,919 144,082 152,013 $ 565,066 152,399 $ 152,399 Adjustments: - Retroactive FY23 one-time pricing recovery - - - - - - - Adjusted

  12. Slide 12: Reconciliation of GAAP to Non-GAAP Financial Measures

    Reconciliation of GAAP to Non-GAAP Financial Measures ($ in thousands, except per share data) Fiscal 2025 Fiscal 2026 Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total ADJUSTED NET INCOME AND EARNINGS/(LOSS) PER SHARE: Net income attributable to Strattec (GAAP) $ 3,703 $ 1,319 $ 5,396 $ 8,267 $ 18,685 $ 8,529 $ 8

  13. Slide 13: Q1 FY2026 Financial Results

    Q1 FY2026 Financial Results October 30, 2025 Nasdaq: STRT Investor Relations Contact: Deborah K. Pawlowski, Alliance Advisors IR 716-843-3908 dpawlowski@Allianceadvisors.com www.strattec.com

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