M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Investor Day (May 2026)
41 slides from M-tron Industries's investor day presentation, May 12, 2026
Slide 1: Investor Day
INVESTOR PRESENTATION Investor Day May 12, 2026 1
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: Mtron Overview
Mtron Overview Mtron (NYSE AM: MPTI) is a NYSE American publicly traded corporation Formed in 1965 Aerospace and Defense Focused Since 2004 Acquisition Listed NYSEAM in October 2022 via Spin Off at ~$13 ( $10.85-$85.95 Range) 4.3 mm Shares Outstanding1, No Debt, and Free Cash Flow Generation
Slide 4: Investment Highlights
Investment Highlights 1 Strong revenue growth and cash generation 2 Attractive end markets with long-term contracts and loyal customers 3 Unique capability to manufacture in U.S. for mission critical supply chains 4 Compelling financials with organic and inorganic growth strategy 5 Have production c
Slide 5: Mtron At A Glance
Mtron At A Glance Vertically Integrated RF Solutions Blue-Chip Customer Base Strong Market Performance Highly-engineered, high reliability Diverse global customer base including Delivering strong returns to precision components and solutions industry leaders in the Aerospace & shareholders of 561% s
Slide 6: Management Team and Board
Management Team and Board Tenured Management Team and Board Provides Mtron with Decades of Experience and Leadership Senior Management Team Cameron Pforr Linda Biles William Drafts Chief Executive Officer & Chief Executive Vice President, President Financial Officer Finance Non-Executive Board Membe
Slide 7: A History of Leadership and Innovation
A History of Leadership and Innovation For Over 60 Years, Mtron Has Been a Leader in Supporting Advanced Electronics 2024 Mtron launches its first space –borne IMA 2022 Mtron completes separation from The LGL 2022 Group, Inc., becoming an independent, publicly traded company Mtron launches Planar Fi
Slide 8: Mtron At A Glance
Mtron At A Glance Robust Engineered RF Components and Solutions since 1965 Filters (LC, Cavity, Planar, Crystal) Oscillators (XO, TCXO, VCXO, OCXO) Crystal Resonators and Solutions $56.4mm 44.9% $76.8mm 12.6% 19-23% 60-80% Sales1 Gross Margin1 Backlog1 Revenue CAGR2 Adj EBITDA Margins2 FCF Conversio
Slide 9: Unique Product Portfolio...
Unique Product Portfolio... Filters Oscillators FY’25 Revenue Split by Product Applications within Avionics, Space, Communications, Applications within Avionics, Communications, Electronic Filters Oscillators Other Electronic Warfare, Instrumentation, and Radar Warfare, Instrumentation, and Rada
Slide 10: Why are Mtron's oscillators selected?
Why are Mtron’s oscillators selected? Communication and Data Transmission Systems Radar Low drift enhances faster and error-free transmission Low drift improves accuracy of radar measurements Ultra-low phase noise enables clearer, more reliable data transmission Reduced phase noise improves
Slide 11: Why are Mtron's filters important?
Why are Mtron’s filters important? Communication and Data Electronic Warfare (EW) Systems Radar Transmission Systems Higher frequency enhances faster and High selectivity improves jamming, High selectivity improves accuracy of error-free transmission deception, and intelligence gathering radar
Slide 12: Why customers are requesting Mtron provide solutions?
Why customers are requesting Mtron provide solutions? Mtron uses the same circuit, electromagnetic, mechanical, thermal, and stress analysis modeling tools as our customers, which is effortlessly integrated into the customer’s system synthesis Design collaboration acts an extension of the custom
Slide 13: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term New Product Revenue ($M) Total Revenue ($) ASP Constant Innovation with $113.73 $110.58 Strategic Targeting of $54.4 Larger Opportunities $92.19 $49.0 ~30% of FY’25 Revenue comes $84.11 from product
Slide 14: Servicing High Growth Market Applications
Servicing High Growth Market Applications Precision-Guided Munitions Radar Electronic Warfare Commercial Aerospace UAV / Drones Space & SATCOM 14
Slide 15: U.S. DoW Rewriting Procurement Rules
U.S. DoW Rewriting Procurement Rules Modern Conflicts Are Driving Increased Demand for Advanced Weapons Systems Technology Driving Rapid Change U.S. DoW Response Implications for Defense Suppliers Modern warfare based on sensors, ai, control Defense contractors may benefit from: Contracting long-t
Slide 16: Munitions Depletion is Real
Munitions Depletion is Real CSIS study on Munitions Depletion Highlights Pressure on US Stockpile Iran conflict has cost US dearly in several critical munitions CSIS team and others tracking usage of critical munitions and estimating time required to replenish US Defense Industrial Base not cu
Slide 17: Product Applications: Precision-Guided Munitions
Product Applications: Precision-Guided Munitions Pinpoint Missile Radar Guided OCXO, TCXO and LC Filter Accuracy with Superior Electronic Technology Missile Data Links Defense agencies are LC Filter and Crystal Filter focusing on high- performance, precision strike weapons that have farther st
Slide 18: Product Applications: Radar
Product Applications: Radar Precision Surveillance Technology to Ensure Transmitter Path to Antenna Security LC Filter, Cavity Filter, Waveguide Filter Duplexer, Diplexer, Multiplexer, Cavity Filter, Waveguide Filter, LC Filter Hypersonic missiles and drones require Receiver Master Clock highl
Slide 19: Product Applications: Electronic Warfare
Product Applications: Electronic Warfare High Reliability Timing, Path to Antenna Spectrum & Frequency Duplexer, Diplexer, Multiplexer, Cavity Filter, Waveguide Filter, LC Filter Transmitter Control LC Filter, Cavity Filter, Waveguide Filter, Power Amplifier Current Electronic Warfare systems
Slide 20: Product Applications: Commercial Aerospace
Product Applications: Commercial Aerospace Platform Flexibility with InFlight Connectivity Emergency Beacon System Multiple Touchpoints Flight Control (Fly-by-wire) OCXO Clock Oscillator Clock Oscillator Pilot Communications TCXO, LC Filter, Crystal Filter ~16 design slots on nearly every
Slide 21: Product Applications: Space & SATCOM
Product Applications: Space & SATCOM Designed to Withstand Harsh Front End Receiver Timing Environments Crystal Filter, Cavity Filter, LC Filter OCXO, OCXO with PLL, VCTCXO, VCXO, TCXO, Crystal Filter Timing Over 80 design wins on satellite Crystal Resonator platforms and manned spacecrafts
Slide 22: Growth Drivers
Growth Drivers Expansion Opportunities Across Multiple High Growth Markets 1 Armament and weapon system replenishment driven by global conflicts Modernization programs and new system development driving longer-term 2 defense component/subsystem growth 3 Strong commercial airframe backlog for Airbus
Slide 23: Large & Growing TAM
Large & Growing TAM Expansion Opportunities Across Multiple Markets Customer End Market TAM’s Electronic Components Market Size $ in Billions Defense Electronics Commercial Aviation SPACE/SATCOM Market Market Market 2022 2024 2022 ~$150B ~$199B ~$77B 2030 2030 2030 $323 ~$234B ~$294B ~$162B $190 ~6%
Slide 24: Sales Model – Hybrid, engineering centric model
Sales Model – Hybrid, engineering centric model Rather than relying on high-volume commodity distribution, Mtron uses a hybrid model that combines direct strategic engagement, technical sales expertise, program capture focus, and selective representative/channel partnerships Direct engagement with
Slide 25: Why does Mtron win?
Why does Mtron win? 1 World-class customer service 2 Unrivaled new product development 3 Strong vertical integration of manufacturing and testing 4 Unparalleled design capabilities 5 Significant in-house design and manufacturing experience 25
Slide 26: Blue-Chip Customer Base
Blue-Chip Customer Base Tenured Industry Relationships With Premier Customers Across Various End Markets Aerospace & Defense Avionics Space Industrials More than 70 customers with a 10+ year history Source: Company data 26
Slide 27: Global Footprint
Global Footprint Strategically Located to Supply Critical National Security Needs With Ample Capacity For Future Growth Orlando, FL (HQ) Over 100,000 sq. ft. of ITAR registered Design and Manufacturing Space 71,000 sq. ft. AS9100D Design and Manufacturing Facility ITAR Registered Yankton, SD
Slide 28: Avenues for Growth
Avenues for Growth Mtron’s ability and opportunities for growth have expanded Leverage Customer Relationships Market Driven R&D M&A Build Mtron into a leading supplier of Continue to enhance our ability to provide Invest accumulating cash in modules, subsystems and components to highly enginee
Slide 29: Investing in Organic Growth
Investing in Organic Growth Current facilities can produce approximately $100 million of revenue and we are investing to scale Workforce Capital Expenditures Manufacturing Capacity Touch labor required to scale production Brought machining in-house Currently reworking floor layouts as of curre
Slide 30: Mtron – Inorganic Growth Strategies
Mtron – Inorganic Growth Strategies Structural dislocations creates opportunities Mtron as a Holding Company Mtron as a Vehicle Mtron as an Investment Platform Corporate Minority Control Bolt-on Acquisitions Reverse Mergers Carve-out Investments Investments Accretive acquisitions to increase Lev
Slide 31: Metrics
Metrics Significant improvement in key metrics since spin-off 2022 Revenue Growth Gross Margin Net Income Increased from $8.4M/qtr to Increased from 32% to 44% Increased from $503K/qtr to $14.7M/qtr $2,388K/qtr 75% 41% 375% Adj. EBITDA Margin Cash Generation EPS Increased from 10.4% to 21.6% Increas
Slide 32: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins Revenue & Growth ($M) Gross Profit & Margin ($M) 11% 12% 46% 44% 45% 19% 41% 29% 19% 36% (2%) (11%) 34% 35% $24.1 $25.3 $56.4 $22.6 $49.0 $54.4 45% $41.2 11% 15% $16.8 43% $30.0 $26.7 $31.8 $10.3 $11.3 $9.3 $12.7
Slide 33: Attractive Long Term Target Model
Attractive Long Term Target Model Increased R&D and Capex Spend Drive Organic Topline Growth in the Mid-Long Term Long Term Organic Goals Aim to consistently exceed industry growth through continued investment in R&D resources 12% CAGR 43 – 46% 21% - 23% Continued design win momentum speaks well to
Slide 34: Mtron 2026 Conference Schedule
Mtron 2026 Conference Schedule IEEE MTT-S International Thank You For Attending Microwave Symposium Boston, Massachusetts June 9-11, 2026 16th Annual East Coast Ideas Conference New York, New York We hope to see you at an June 11, 2026 Planet MicroCap Conference upcoming event… Las Vegas, Nevada Jun
Slide 35: Questions?
Questions? 35
Slide 36: Thank You
lm Mtron’ Thank You
Slide 37: Appendix
Appendix 37
Slide 38: Reconciliation of Adjusted EBITDA to Income before income taxes
Appendix 1 – Reconciliation of Adjusted EBITDA to Income before income taxes (in thousands) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 LTM Q1 2026 Q1 2025 Q1 2026 Income before income taxes $ 2,893 $ 2,113 $ 2,595 $ 4,400 $ 9,775 $ 10,954 $ 11,698 $ 2,114 $ 2,858 Adjustments: Interest expense (
Slide 39: What are filters?
What are filters? Electronic filters are essential components in electronic systems for many reasons: Frequency Selectivity — Filters selectively pass or reject specific frequency components of a signal, which is essential in applications such as radio communication, radars, and electronic warfare
Slide 40: What are oscillators?
What are oscillators? Oscillators are crucial components in various electronics systems that produce: Clock Generation — A periodic signal that synchronizes digital circuits which is fundamental for coordinating the activities of multiple devices in complex systems in computers and control, commun
Slide 41: What are solutions?
What are solutions? RF Solutions come in a various forms, where Mtron acts as an extension of our customer’s Engineering team and designs the complete solution rather than supplying only the components Our solutions typically integrate multiple microwave and/or RF functions into a single package