M-tron Industries, Inc. · AMEX:MPTI
M-tron Industries — Southwest IDEAS Conference 2025
25 slides from M-tron Industries's conference presentation, Nov 25, 2025
Slide 1: Investor Presentation - Southwest IDEAS Conference
LN Mtron INVESTOR PRESENTATION “he Southwest IDEAS Conference eat es November 20, 2025
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-S71.10 Range) = 2.93mm Shares Outstanding, No Debt, and Free Cash Flow Generation =
Slide 4: Mtron At A Glance
Mtron At A Glance Source: Company data ili Mtron” :
Slide 5: 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 & CFO Executive Vice President, President Finance , i BAIN accompany ® — Fidelis r=) SFLIR ee "
Slide 6: Mtron At A Glance
Mtron At A Glance Robust Engineered RF Components and Solutions since 1965 $53.0M 44.4% $58.8M 10% 19-23% 60-80% Sales' GrossMargin' Backlog! Revenue CAGR2 AdjEBITDAMargins* FCF Conversion? FY2024: FY2024: Strategically Targeting Larger Opportunities @ Aerospace & Defense mFilters > Strong Customer
Slide 7: With Broad Applications
With Broad Applications Commercial Aerospace Space & SATCOM Electronic Warfare . y P ; ; a 3 J — P ae ; F Precision-Guided Munitions ii Mtron’
Slide 8: 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 NYSE american™ 1965 Mtron and Piezo Technology (PTI) a 1973 are organized separately PTI supplies the first monolithic 1976 oO filters used in space Lynch Corporation (predecessor to
Slide 9: Investment Highlights
Investment Highlights (s] Have production capacity and management team to support continued growth yi,
Slide 10: Growth Drivers
Growth Drivers Expansion Opportunities Across Multiple High Growth Markets Armament and weapon system replenishment driven by global conflicts Modernization programs and new system development driving longer-term defense component/subsystem growth (s] Strong R&D & manufacturing process investment dr
Slide 11: Large & Growing TAM
Large & Growing TAM Expansion Opportunities Across Multiple Markets Defense Electronics Commercial Aviation SPACE/SATCOM Market Market Market 2022 2024 2022 ~$150B ~$199B ~$77B 2030 2030 2030 ~$234B ~$294B ~$162B Electronic Components Market Size Sin Billions 2022 2030 ii Mtron” Source: Allied Marke
Slide 12: Unique Product Portfolio...
Unique Product Portfolio... + Applications within Avionics, Space, Communications, Electronic Warfare, Instrumentation, and Rader + Products include Crystal, LC, Cavity, Planar, Waveguide, Ceramic, Duplexer, Multiplexer and Switched Filters Applications within Avionics, Communications, Electronic Wa
Slide 13: Global Footprint
Global Footprint Strategically Located to Supply Critical National Security Needs With Ample Capacity For Future Growth Orlando, FL(HQ) = 71,000 sq. ft. * AS91000 Design and Manufacturing Facility = ITAR Registered * Sales Office Yankton, SD = 32,000sq. ft. * AS91000 Design and Manufacturing Facilit
Slide 14: Blue-Chip Customer Base
Blue-Chip Customer Base Tenured Industry Relationships With Premier Customers Across Various End Markets Aerospace & Defense } Avionics USHA RRIS : LOCKHEED MARTIN? AIRBUS eS 39 Collins Aerospace mmepe “RNIN = Garmin. @ L2HARRIS” eure Sree THALES CEG] coe THALES ole Mette GENERAL Anritsu @ Z ites LS
Slide 15: Drone Market Opportunity
Drone Market Opportunity Drones, Space & Satellites, EW and Radar represent some of the near-term growth markets for the company Remote-Controlled Attack/ISR Aircraft In the Drone / UAV market since 2014 _| Our products are robust and for longer life UAVs Sees scaler eee Tei cah Deployed in both ISR
Slide 16: Growth Strategy
Growth Strategy Since its Spinoff in Late 2022, Mtron has Significantly Outperformed the Broader Market & its Peers Leverage Customer Relationships Market Driven R&D = Build Mtron into aleading supplier of modules, subsystems and components to the Defense and Aerospace industry Program Focused = Con
Slide 17: Metrics
Metrics Significant improvement in key metrics since spin-off 2022 Revenue Growth Increased from $8.4M/qtr to $14.2M/qtr Teox Increased from 32% to 44% T38% Increased from $503K/qtr to $1,832K/qtr T 204% Adj. EBITDA Margin Increased from 10.4% to 22.4% Tix Cash Generation Increased cash on hand from
Slide 18: New Product Development
New Product Development Increased R&D and Capex Spend Drive Organic Topline Growth in the Near-Term Constant Innovation with MMENew Product Revenue(SM) mlliTotal Revenue(SM) —-ASP Strategic Targeting of eu0 Larger Opportunities $103.54 199 = ~30% of FY'24 Revenue comes 3 from products introduced sin
Slide 19: Financial Summary
Financial Summary Compelling Financials With Strong Topline Growth And Healthy Margins FY20A_ FY2IA_ FY22A_ FY23A_ FY24A LIM = SMFY24 9MFY25 FY20A_ FYZ2IA FY23A FY24A LIM FY20A_ FY2IA_ FY22A_ FY23A_ FY24A LIM = SMFY24 9MFY25 FY20A FY2IA FY22A FY23A FY24A OMFY24 9MFY25 Source: Company Financials. Not
Slide 20: Disciplined Approach to M&A
Disciplined Approach to M&A Mtron continues to look for tuck-in and transformative acquisitions to accelerate our organic growth strategies Help company achieve transactions scale quicker through Opportunistically accretive enter new markets Continue to expand technology expertise Unique assembly an
Slide 21: Attractive Long Term Target Model
Attractive Long Term Target Model /ncreased 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 <i continued investment in R&D resources 10% CAGR 43-46% 20% - 22% Continued design win momentum speaks well to
Slide 22: 2025 Warrants
2025 Warrants Warrants issued April 2025 are now exercisable Terms Five(5) warrants to purchase one(1) share of MPTI common stock Common Stock can be purchased at an exercise price of $47.50 per share Over-subscription privilege available to Warrant holders who exercise their Warrants in full, where
Slide 23: Thank You
LN Mtron Thank You
Slide 24: Appendix
Slide 25: Appendix 1- Reconciliation of Adjusted EBITDA to Income before income taxes
Appendix 1- Reconciliation of Adjusted EBITDA to Income before income taxes (in thousands) FY 2020 FY2021 FY 2022 FY 2023 FY 2024 LT™M2025_ __9M2024 9M 2025 Income before income taxes S$ 2893 $ 2113 S$ 2,595 S$ 4400 S$ 9,775 $ 9630 $ 7.017 $ 6,872 Adjustments: Interest expense (income) 85 12 11 @ (2